![]() ![]() The Forbes Advisor editorial team is independent and objective. This benefits smaller companies that do not have a large volume of transactions. Stripe, however, does not charge a monthly fee, but charges a higher transaction fee. In exchange, it charges a lower per-transaction fee that benefits companies with a large volume of transactions. Payment Depot charges between $59 and $99 a month as a membership fee. For example, Payment Depot and Stripe have different pricing structures. ![]() When shopping for the best credit card processor for your business, pay attention to the processing fees. The company is known for its stellar customer support team that provides 24/7/365 multilingual support without having to navigate automated systems to get help. Businesses that want great customer support should research Gravity Payments. The all-in-one solution for payments, POS and inventory management is one of the most popular credit card companies on the market because of its ease of use and plethora of features. While small businesses can find cheaper options elsewhere, large-scale businesses can take advantage of wholesale prices.Ī great option for small businesses is Square. Of the Five Top Stripe Alternatives, Payment Depot is best for large-scale operations because it does not have a minimum processing amount. While Stripe made Forbes Advisor’s Top 10 Best Credit Card Processing Companies, it is not the only processing company worthy of note. Pricing varies by terminal type and start at $59 for a mobile card reader and go up to $249 for countertop terminals. Credit Card Terminalsīusinesses looking to accept credit card payments in-person also will need to buy a credit card terminal. It is worth noting that pricing does change depending on the payment method and a 1.5% fee is applied for international payment methods as well as a 1% fee for currency conversion. Stripe accepts more than 135 currencies, allowing businesses to present prices in the customer’s native currency, automatically collect taxes in 30 countries, offer global support and support popular payment methods from around the world including Bancontact, EPS, Giropay and iDEAL. Once Stripe is supported, businesses in those countries can take payment from anywhere in the world. Currently, 47 countries including Canada, Brazil, Japan and Croatia support Stripe. One of Stripe’s features is its accessibility for international customers. Instant Payouts cost an additional 1% of the payout amount with a minimum fee of 50 cents per transaction. Instant payouts allow qualified business owners to be paid out within 30 minutes of the approved transaction. Business owners can schedule automatic payouts daily, weekly or monthly, or set a custom payout schedule. Once Stripe is linked to a business’s bank account, the standard payout is two business days. Businesses interested in the customizable plan must contact the sales team for a quote. The customizable plan offers large-volume discounts, multiproduct discounts, country-specific rates and interchange pricing. Stripe also offers a customizable plan for businesses with large payments volume, high-value transactions or unique business models. In-Person payment through Stripe TerminalĢ.7% plus 5 cents per successful card chargeīank Debits and Transfers to allow the acceptance of large payments or recurring chargesĠ.8% per transaction with maximum ACH fee of $5 Online payment including Visa, Mastercard, American Express, Apple Pay, Google Pay and moreĢ.9% plus 30 cents per successful card charge Plus 1% for international cards Plus 1% if currency conversion is required Stripe also offers an automatic tax collection on all transactions for 0.5% of each transaction as well as easy-to-use tax reporting for each filing market. The checkout page can accept one-time and recurring payments, can be customized to match a company’s branding, is available in 20 languages and comes with built-in conversion optimizations. Stripe includes a prebuilt, hosted checkout page optimized for conversion. These fees are charged automatically and deducted from the merchant’s final payout. In-person transactions cost 2.7% plus 5 cents per transaction with the same added 1% for any currency conversion or international card use. There is an additional 1% fee for international and currency conversion transactions. Online sales cost businesses 2.9% plus 30 cents per transaction. Instead, all Stripe fees are per transaction with transparent pricing. Stripe is free to set up and the company does not charge a monthly or annual fee for its services. ![]() Stripe’s pricing is fairly straightforward. ![]()
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