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Ask HN: What are some low cost payment processing alternatives to Stripe?

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Re: Ask HN: What are some low cost payment processing alternatives to Stripe?

#11

Post by beardyw »

rahkiin wrote: post #7
hknmtt wrote: post #3

Every country has couple, if not dozens, of payment processors. Most of them will support foreign customers as well. So you have hundreds and thousands of options here. Bottom line will be that they are all essentially the same when it comes to functionality and pricing because they are the middlemen between you and visa/mastercard/... and not much else. So there is very little variety possible in this little space.…

Outside of the US this is not true at all. There are plenty of ways to transfer money without touching the CC networks but instead use interbank communications. iDeal, Klarna, SEPA: all fixed pricing instead of percentage based fees. It depends on where you want to provide your services.

> Outside of the US this is not true at all

I think you meant "not entirely true". Yes, there are other options.

Re: Ask HN: What are some low cost payment processing alternatives to Stripe?

#12

Post by buf »

neom wrote: post #10

I've heard braintree is pretty good these days, and iirc they're actually slightly cheaper than Stripe. https://www.braintreepayments.com/products/braintree-direct

I've been using braintree for 9 years on one of my projects, and while it does "work", there doesn't seem to be much innovation happening, sadly.

I use them for their direct integration with paypal, who owns them

Re: Ask HN: What are some low cost payment processing alternatives to Stripe?

#14

Post by Version467 »

rmdes wrote: post #6

Mollie - https://www.mollie.com/

I've had a bad experience with them (though that was a few years ago). Back then they manually reviewed each website before enabling payment processing (which is fine), but then just didn't get back to us. We tried messaging them for a status update, but only got a generic answer that it'd take another couple days. After three or four weeks and another back and forth we just gave up.

As I said, this was a couple years ago, so things might be very different now (we might've been an outlier even back then), but it left a bad taste, because the customer service was so unhelpful, even though they were much smaller than stripe.

Re: Ask HN: What are some low cost payment processing alternatives to Stripe?

#15

Post by NavyG »

tmikaeld wrote: post #2

The most low-cost I know of with widest reach (most countries) is https://www.adyen.com/pricing Because you can choose which processor you want to use and there are many low-cost ones, including some inter-bank ones with fixed cost (no %) Most shops like WooCommerce and Shopify have ready-to-use plugins for it. (I'm not affiliated, but i build e-commerce for brands)

Adyen is a good option, however they have a monthly fixed fee ($120) and looks like they might not onboard small merchants with less than $50M ARR

Re: Ask HN: What are some low cost payment processing alternatives to Stripe?

#16

Post by sramam »

hiyer wrote: post #9
tmikaeld wrote: post #2

The most low-cost I know of with widest reach (most countries) is https://www.adyen.com/pricing Because you can choose which processor you want to use and there are many low-cost ones, including some inter-bank ones with fixed cost (no %) Most shops like WooCommerce and Shopify have ready-to-use plugins for it. (I'm not affiliated, but i build e-commerce for brands)

On a related note, you can look at hyperswitch [1], which is an open-source payment orchestrator that supports multiple payment processors. You can self-host it or they have a hosted version as well. 1. https://github.com/juspay/hyperswitch (not affiliated with this project in any way)

Do you use this?

I can't seem to figure what their pricing strategy is or who's running it.

> Free-tier > Free-tier for startups. Lowest Price for others.

Re: Ask HN: What are some low cost payment processing alternatives to Stripe?

#17

Post by rpodraza »

beardyw wrote: post #11
rahkiin wrote: post #7

Earlier quoted context omitted.

Outside of the US this is not true at all. There are plenty of ways to transfer money without touching the CC networks but instead use interbank communications. iDeal, Klarna, SEPA: all fixed pricing instead of percentage based fees. It depends on where you want to provide your services.

> Outside of the US this is not true at all I think you meant "not entirely true". Yes, there are other options.

In Poland barely anyone uses cards for online payments. There are couple of different options: one-time automatic transfers that support major banks, BLIK (payment via one-time code), etc.

Re: Ask HN: What are some low cost payment processing alternatives to Stripe?

#18

Post by smca »

neom wrote: post #10

I've heard braintree is pretty good these days, and iirc they're actually slightly cheaper than Stripe. https://www.braintreepayments.com/products/braintree-direct

Braintree is a good chunk more expensive than Stripe for OP's needs if they're in the US.

Based on the info they shared:

• Braintree: 2.59% + $0.49

> Braintree fees: $17,570 cost for 20K txns/month ($15 AOV)

• Stripe: 2.9% + $0.30

> Stripe fees: $14,700 cost for 20K txns/month ($15 AOV)

So Stripe is around 16% cheaper for their use case on standard pricing alone.

Re: Ask HN: What are some low cost payment processing alternatives to Stripe?

#19

Post by unmole »

sramam wrote: post #16
hiyer wrote: post #9

Earlier quoted context omitted.

On a related note, you can look at hyperswitch [1], which is an open-source payment orchestrator that supports multiple payment processors. You can self-host it or they have a hosted version as well. 1. https://github.com/juspay/hyperswitch (not affiliated with this project in any way)

Do you use this? I can't seem to figure what their pricing strategy is or who's running it. > Free-tier > Free-tier for startups. Lowest Price for others.

> who's running it.

Juspay is an Indian payment aggregator. They are quite big and are used by high profile brands: https://juspay.in/

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