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Full disclosure, I work for Stripe. The question you want to ask is why are these alternatives cheaper than Stripe? What is the tradeoff.
I dunno, the OP may want to work with a processor that provides transparent and clear customer service.
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)
Check out: https://atlas.scoutflo.com/?q=stripe (They have listed all open source, stripe alternatives)
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Khem from Paddle here - we'll be able to fight chargebacks on your behalf too as part of that :) The price above includes the entire payments stack (filing and remitting of taxes too), so you're compliant globally out of the box. We often help teams avoid having to hire lots of external accounting resource. Happy to chat if you'd like to learn more :)
Curious: you must have done a lot of groundwork to provide the whole stack as a solution, would love to hear from you how you internally select the processors you work with. Or are you directly integrated with banks and card networks?
We find that payments getting accepted is dependent on a whole number of things and having the ability to re-route and retry based on the location of the transaction massively helps boost chances of it going through.
You're absolutely correct in that haha - we exist to make sure teams don't have to do all this work internally themselves, as it becomes increasingly messy the more you grow.
Can I ask what category of product it is you're selling?
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
Their documentation is spotty, they don't inform customers about required changes to an implementation, and most importantly their failed transaction rate is much much higher than other processors I've worked with.
Earlier quoted context omitted.
Why is American Express so expensive?
Other answers are good but keep in mind that other brands can be pretty expensive. If you are B2B but most of your business is using a credit card, Visa and Mastercard business card and government purchase card transactions are more costly than American Express. I don't think Stripe loses any money on a transaction. All interchange rates are less than 2.99%, but some are very close. For very low volume/low ticket pri…
Crazy that we live in a world where 3% is “a good deal”. In Europe the fees are capped at 0.15%, and I’m sure even that is well above the true costs of payment processing. Interchange fees are such a clear case of market failure that I’m surprised they haven’t been regulated.
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)
I talked to them in December 2022 and they now require a minimum of €5m/year to even consider you. The reason given was that underwriting/KYC for such small accounts is not worth it anymore. So not really an option for small businesses unfortunately. The Adyen sales rep I talked to recommended https://www.mollie.com .
Not sure what their minimum viable throughput is though ...
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)
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.