e-Commerce alternative to Square or Stripe can be tough to find when it seems like every business is depending on one of these two platforms for payment processing.
That said, if you operate a high-risk business or operate from a country that Square or Stripe don’t support, you may have no choice but to find such alternatives.
On the other hand, even if you operate a business with normal risk parameters and want to open a Delaware business bank account online with payment processing, you may still want to consider alternative options.
So, in this article, we’re going to look at who might need to find e-commerce alternatives to Square or Stripe, where these alternatives exist, and how you can for them.
Feel free to use the table of contents to jump ahead to any sections that are immediately relevant to your search.
Table of Contents
- e-Commerce Alternatives to Square or Stripe
- Frequently Asked Questions
- Ready to Explore Your Options?
e-Commerce Alternative to Square or Stripe
Before discussing the e-commerce alternatives to Square or Stripe, it’s important to note that there is a big difference between these two platforms and how they operate.
Square vs. Stripe Payments
Square and Stripe should not be considered replacements for one another. The reason for this is that Square is primarily used for in-person payment processing at brick-and-mortar or pop-up locations. While Stripe is used for payment processing through online websites and portals.
Other Alternatives
With the above in mind, it’s important to consider whether you are looking for an alternative to Square or an alternative to Stripe. This is because these two platforms perform different functionality.
That said, there are alternatives to both available to most businesses. These alternatives include a wide range of Point of Sale (POS) terminal providers, banks, and online software solutions.
Features to Consider
When trying to decide between e-commerce alternatives to Square or Stripe, you should consider the following features and variables:
- Do you need to accept payments through an online platform?
- Do you need to accept payments in person at a physical location?
- How much are you willing to pay in payment processing fees?
- How easy is it to open a payment processing account?
- Does your business operate enough volume to get approved by a platform?
- Where are the customers located that you intend to receive payments from?
- What level of risk will payment processors associate with your industry?
- What is the standard chargeback rate for your industry?
- Do the processors you’re considering accept the cards your customers use?
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Frequently Asked Questions
Below are three of the most common questions that we receive from people looking to find an e-Commerce alternative to Square or Stripe. If you have further questions you would like answered, don’t hesitate to get in touch with us directly.
Which One Is Better Between Square and Stripe?
When choosing between Square and Stripe, it’s important to consider the type of business that you operate and how you will be accepting payments. For example, Square is primarily used for in-person payment processing while Stripe is used for online businesses. With this in mind, by simply determining how the majority of your payments will be processed, you will be able to assess which platform is best for you.
Is There Something Better Than Stripe?
Stripe is one of the largest and most popular payment processing platforms for small and medium-sized businesses. With this in mind, they are an easy choice for businesses that are looking for an easy setup. Not to mention, fast integration with online platforms, and the ability to start accepting credit card payments from customers through business websites. That said, for larger enterprise customers, better processing rates and more bespoke packages can often be found elsewhere.
Which Credit Card Processing Payment Is Best For Me?
To determine which credit card processing payment platform is best for your business, you will need to assess your business’ risk profile. But also, consider your operating requirements, calculate the fees that you can afford to pay based on your margins, and whether you can meet the account opening requirements.
Ready to Explore Your Options?
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You can access GlobalBanks USA, our dedicated US account opening service, in just a few clicks.
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Of course, if you have any questions before deciding whether you would like to move forward, don’t hesitate to contact us directly!
