Payment gateways make business so much easier to handle, especially when it is going global. Companies engaged in the retail industry need their payment systems and gateways to be most advanced, trusted, and effective. In case you’re looking for the best payment service for your business needs, consider the comparison of the most popular ones – Stripe, PayPal, and Braintree.

Contents:

Brief Overview

How payment gateways work

Stripe

Stripe is a business-powering online payment platform. This service is based in the United States, and it allows individuals as well as companies of all sizes to make payments using their credit card along with other online payment methods. Stripe is a trusted platform and has UNICEF, Shopify, Amazon, Dribbble, and many other global companies among its regular clients.


PayPal

PayPal is one of the largest online payment gateways and one of the few that offers and supports peer-to-peer financial transactions. Because of this peculiarity, PayPal remains the most beloved payment gateway among P2P marketplaces, online shops, and auction platforms in many countries.


Braintree

Purchased in 2013, Braintree became a division of PayPal, which allowed their owners to cover a bigger market. The integration of the Braintree payment gateway allows business owners to streamline business operations by automating backend processes, increase sales by reaching more buyers in more regions around the world, etc.


Payment Gateway Market Share 2020

Supported Payment Methods

All three payment services offer a wide range of payment methods, making them all attractive for business needs across the globe.


Stripe accepts the majority of US debit and credit cards, American Express, as well as Visa and Mastercard for international payments. Among the primary payment methods, Stripe also supports China’s AliPay, Apple Pay, Android Pay, ACH, etc. Until 2018, Stripe accepted Bitcoin, but today you will have to use another payment gateway for it.


PayPal also accepts major debit and credit cards, and the list is very similar to the Stripe’s one – Visa, Mastercard, American Express, Discover, Apple Pay, Android Pay, etc. Most important, PayPal began to accept Bitcoin, so it can be your alternative to Stripe that does not deal with Bitcoin anymore.


Braintree has a slightly different list of supported payment methods that include major credit cards, and, of course, PayPal and Venmo. Additionally, Braintree accepts Apple Pay, Android Pay, Union Pay, ACH, and Bitcoin.

Features

These three gateways have multiple features that are highly useful for every online store, marketplace, and other businesses with a commercial bank account.


Stripe offers such handy features as:

  • Stripe Checkout for drop-in payments;

  • Reporting tools;

  • One-touch payments;

  • Stripe Atlas for starting a global business;

  • Marketplace toolkit;

  • Customizable recurring billing;

  • Instant deposit;

  • Data migration assistance, etc.

PayPal can be proud of these features:

  • Payflow gateway for ready merchant accounts;

  • Recurring subscriptions and billing;

  • One-touch payments;

  • Invoicing API;

  • Instant funds transfer;

  • Starter pack for eCommerce businesses;

  • Adaptive payments API, etc.

Braintree is a great payment service for its:

  • Braintree Direct that serves as a payment gateway and a dedicated merchant account;

  • Third-party merchant account support;

  • Recurring billing;

  • Marketplace toolkit;

  • Data migration assistance;

  • Integrated checkout, etc.

Pricing (Fees)

These payment gateways don’t have hidden costs, and their pricing is as transparent as it should be.


Stripe fees include:

2.9% + $0.30 per every successful card charge;

+1% for international cards that require a currency conversion.

As for additional fees, they are as follows:

0.08% per every successful card charge for using the ML-based adaptive acceptance functionality;

0.8% capped at $5.00 for getting payments with ACH credit, ACH direct debit, or wire transfers;

1% for instant payouts;

$0.25 for automatic updating renewed or expired card information (included in a custom package);

$0.03 for every 3D Secure authentication, which is an advanced authentication method used for customer’s identity verification prior to an online card purchase.


PayPal has several additional fees for the US and foreign clients:

3% charge for every currency conversion;

1.5% fee for receiving payments from other countries;

$0.30 per every uncaptured authorization;

2.7% per swiped and check-in transaction;

3.5% + $0.15 per every keyed or scanned transaction, etc.


Braintree offers standard and custom pricing packages. In addition to the standard 2.9% + $0.30 per transaction, it has several additional ones:

1% per transaction in any non-USD currency;

1% for a customer’s card issued outside the US;

0.75% per ACH Direct Debit transaction;

$15 fee for each chargeback, etc.

Also, verified charitable organizations enjoy pricing:

2.2% + $0.30 per transaction for Mastercard, Visa, Discover, Diners Club, JCB, and digital wallets;

3.25% + $0.30 per each transaction for American Express cards.

Supported Countries and Currencies

Stripe solves payment processing needs of companies in 40 countries and regions:


Australia
Austria
Belgium
Brazil
Bulgaria
Canada
Cyprus
Czech Republic Denmark
Estonia
Finland
France
Germany
Greece
Hong Kong
Hungary
India
Ireland
Italy
Japan
Latvia
Lithuania
Luxembourg
Malaysia
Malta
Mexico
Netherlands
New Zealand
Norway
Poland
Portugal
Romania
Singapore
Slovakia
Slovenia
Spain
Sweden
Switzerland
United Kingdom
United States


Also, this payment gateway supports processing payments in more than 135 currencies, so businesses can charge customers in their native currency, which is highly convenient for the buyers.


PayPal has the biggest territory coverage, so individuals and companies in over 200 countries and regions (keep in mind that officially there are only 196 countries in the world) are free to enjoy using it. Even though PayPal has such global coverage, it supports only 26 currencies:


Currency

Code

Currency

Code

Australian dollar

AUD

Mexican peso

MXN

Brazilian real

BRL

New Taiwan dollar

TWD

Canadian dollar

CAD

New Zealand dollar

NZD

Chinese Renmenbi

CNY

Norwegian krone

NOK

Czech koruna

CZK

Philippine peso

PHP

Danish krone

DKK

Polish złoty

PLN

Euro

EUR

Pound sterling

GBP

Hong Kong dollar

HKD

Russian ruble

RUB

Hungarian forint

HUF

Singapore dollar

SGD

Indian rupee

INR

Swedish krona

SEK

Israeli new shekel

ILS

Swiss franc

CHF

Japanese yen

JPY

Thai baht

THB

Malaysian ringgit

MYR

United States dollar

USD


Braintree provides payment processing solutions for more than 46 countries and regions and supports over 130 currencies.


Andorra

France

Latvia

Portugal

Australia

Germany

Liechtenstein

Romania

Austria

Gibraltar

Lithuania

San Marino

Belgium

Greece

Luxembourg

Singapore

Bulgaria

Guernsey

Malaysia

Slovakia

Canada

Hong Kong

Malta

Slovenia

Croatia

Hungary

Monaco

Spain

Cyprus

Iceland

Netherlands

Sweden

Czech Republic

Ireland

New Zealand

Switzerland

Denmark

Isle of Man

Norway

United Kingdom

Estonia

Italy

Poland

United States

Finland

Jersey



Security

All payment services under comparison ensure the security of their clients’ payment transactions with encryption, tokenization, and other ways of protecting sensitive data.


Stripe has everything needed for secure development practices, including their own Stripe.js library. The logics are as follows – user credit data goes directly to this payment gateway secure vault instead of your servers. Such an approach protects you from data breaches as well as makes you PCI compliant.


PayPal offers storing user credit cards in their protected vault instead of your servers that are easier to hack for cybercriminals. To enhance your fraud protection, you can easily get PayPal’s anti-scamming toolkit for $10 per month plus $0.05 per transaction.


Braintree also has a fraud-protection functionality, and it includes anti-scam options from the AI-driven fraud protection service Kount and their own 3D Secure. The system allows you to customize your settings so the system will automatically decline specific transactions. Note that it has flaws in the shopping cart integrations compatibility.

Setup

These three payment gateways require different sets of programming skills.

Stripe has a wide range of supported programming languages that include Python, PHP, Go, Ruby, etc. If compare Stripe with PayPal and Braintree, it should be noted that it has the most extensive documentation and a software development kit than the others. Stripe has both official libraries and additional libraries and plugins for platforms like Joomla, WordPress, and others created by the community.


PayPal may be among the strongest payment services, but it offers weaker development and integration capabilities than Stripe and Braintree. While integrating the payment buttons by putting an HTML code fragment to your website is easy, integrating PayPal Pro and Express Checkout will require a certain level of technical expertise.


Braintree’s documentation is another proof that this gateway is developer-oriented. The Direct SDK supports multiple programming languages, including Python, PHP, Node.js, Java, Ruby, etc.

Support

Stripe is not a great service if you like to have your support and answers ASAP because it doesn’t provide live support, and all problem-solving communication is presented in the form of email communication. At the same time, Stripe has its IRC channel where people can get assistance from company representatives, real developers, and other users who faced similar problems.


PayPal has a very detailed help center where you can find answers to many of your problems. The customer service is available to users via email and by phone during the working hours (5 AM – 10 PM on Mon-Fri and 6 AM – 8 PM on Sat-Sun).


Braintree is claimed to have outstanding client support. This service provides users with a detailed FAQ section, guides, and support articles. The support managers are available 24/7 for email communication, and if you want to reach them by phone, you can do it during their working hours (8 AM – 7 PM on Mon-Thu and 8 AM – 5 PM on Friday).

Payment Gateways Comparison Table

The information presented in the table format is always more convenient and illustrative, so enjoy:


Stripe

PayPal

Braintree

Coverage

40+ countries/regions

200+ countries/regions

46+ countries/regions

Currencies

135

26

130

Currency Conversion

+1%

+2.5%

+1%

Card Type

Mastercard, Visa, American Express, Discover, JCB, Diners Club

Mastercard, Visa, American Express, Eurocard, Maestro, Delta, Electron, debit cards with Mastercard or Visa logos

Mastercard, Visa, American Express, Discover, JCB, Diners Club, Maestro, Union Pay

Payment Methods

Apple Pay, Android Pay, AliPay, ACH

PayPal, Apple Pay, Android Pay, Bitcoin, Venmo

PayPal, Apple Pay, Android Pay, Bitcoin, Venmo, ACH

Supported Platforms

Python, Java, PHP, Ruby, Go, Node.js, iOS, Android

Python, Java, PHP, Ruby, Go, Node.js, iOS, Android

Python, Java, PHP, Ruby, Go, Node.js, iOS, Android

Transaction Fees

2.9% + $0.30

2.9% + $0.30

2.9%

Monthly Fees

$0

Standard: $0

Pro: $30

$0

International Payments

+1%

+1.5%

+1%

Chargebacks

$15 (free in case if the dispute was resolved in your favor)

$20

$15

Mobile Payments

Yes

Yes

Yes

Recurring Billing

Yes

Yes

Yes

Fraud Protection

Yes

Yes

Yes

PCI Compliance

Yes

Yes

Yes

Peer-to-Peer Payments

No

Yes

No

Payment Gateway Integration

In case you have a serious business platform or want to start it, you better keep in mind that all three payment gateways are better to be integrated into your system by the software development specialists who create or upgrade your platform. Payments and transactions are the exact aspect of business that must be handled by the professionals to leave no room for mistakes resulting in money loss, refunds, chargebacks, and so on.

Your platform doesn’t have to be directly related to eCommerce; it can be a charitable platform, a sports betting service, or any other system that can accept payments and requires recurring billing. So, if you’re looking for specialists who have expertise in payment services integration and creating complex platforms, you can rely on us to get the most efficient result!


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