I'm looking to process ~20k transactions a month with an average ticket size of $15 per transaction. Would ISOs(Independent sales organizations) with sponsor banks be good options to consider?
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?
#2The 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)
Re: Ask HN: What are some low cost payment processing alternatives to Stripe?
#3Every 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. It will mostly come down to how "pretty" their gateway is(unless you are doing direct integration without redirection), how responsive their support team is and how they bill you and provide transaction information. Again, not much variety. So pick the cheapest one and be done with it.
Re: Ask HN: What are some low cost payment processing alternatives to Stripe?
#4The 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)
They may reject you for no reason though, well no given reason.
Re: Ask HN: What are some low cost payment processing alternatives to Stripe?
#5The 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)
They may reject you for no reason though, well no given reason.
That applies to any and all payment processors..
Re: Ask HN: What are some low cost payment processing alternatives to Stripe?
#6Mollie - https://www.mollie.com/
Re: Ask HN: What are some low cost payment processing alternatives to Stripe?
#7Every 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.
Re: Ask HN: What are some low cost payment processing alternatives to Stripe?
#8Mollie - https://www.mollie.com/
This is the first I've heard of it. Thank you for bringing it to my attention.
Great for those starting in Europe, it seems. And PayPal!!!!
Re: Ask HN: What are some low cost payment processing alternatives to Stripe?
#9The 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)
Re: Ask HN: What are some low cost payment processing alternatives to Stripe?
#10I've heard braintree is pretty good these days, and iirc they're actually slightly cheaper than Stripe.