PayPal and Stripe Merchant Accounts are two of the most popular payment processors in the world. Both platforms offer a variety of features that eCommerce businesses can use to accept credit card payments, manage inventory and even process ACH transactions. Let’s explore some key differences between these two popular payment platforms so you can decide which is best for your business needs.
Comparing PayPal and Stripe Merchant Accounts
PayPal merchant account and Stripe are both great for accepting credit card payments. PayPal is a payment processor, whereas Stripe is a payment gateway–a bit like the difference between an electrician and an outlet.
If you’re selling online only and don’t plan on selling products in person (at craft shows or farmers markets), then most likely you’ll want to use Stripe because it offers more features with no monthly fees. If you do plan on selling products in person, then PayPal may be better suited to your needs since they offer more tools for managing inventory and sales data than Stripe.
WHICH IS BEST FOR MY BUSINESS NEEDS: PAYPAL OR STRIPE MERCHANT ACCOUNT?
PayPal is a great option if you want to accept payments online and through mobile devices. Stripe is also a great option for this, but PayPal has more features than Stripe does.
If your business needs to accept payments online and through mobile devices, then either service will work for your needs.
PayPal merchant account and Stripe merchant account are both great for accepting credit card payments.
PayPal and Stripe merchant account are both great options for accepting credit card payments. If you’re looking for a secure payment gateway that allows you to create customized payment forms, Stripe is probably the right choice. On the other hand, if you need more flexibility and aren’t interested in building a custom form yourself–or if your business is still small enough that it won’t require many different types of transactions–then PayPal might be the better option.
The truth is both services have their pros and cons but they should never be seen as competing against each other because they serve very different purposes within different industries (e-commerce vs peer-to-peer).
PayPal and Stripe are both great for accepting credit card payments. They have different features, so it’s important to choose the one that best fits your business needs. If you want to accept payments online or in person, we recommend Stripe because it offers free mobile apps that make it easy to process transactions on the go. If you’re looking for a way to send money internationally or accept payments through other forms of payment like PayPal balance or bank account funds transfers then PayPal could be right for you!