Stripe vs PayPal

We launched a brand new checkout experience, which enables you to accept credit cards and debit cards seamlessly within the checkout process. This gives you an another payment option to offer your customers, in addition to PayPal.

The ability to accept credit cards and debit cards is powered by Stripe.

So, let's compare Stripe and PayPal on the following criteria:

  1. Fees
  2. When and how you get paid
  3. Security
  4. Customer service

1. Fees

Stripe's fees are very comparable to PayPal's. Fees change from country to country, so you'll need to visit Stripe to see how the fees compare for you.

As an example, in the United States the fees are 2.9% + $0.30 per transaction, which is exactly the same for PayPal.

2. When and how you get paid

With PayPal, funds are deposited directly into your PayPal account when you make a sale. You can withdraw this manually from PayPal at any time. Usually the withdrawn funds will clear into your bank account within 3-5 business days.

With Stripe, funds are automatically deposited into your bank account on a 7-day rolling basis. A 2-day transfer may also be possible after your first transfer. Transfer schedules can also be configured via your Stripe account dashboard.

Learn more about getting paid with Stripe.

3. Security

Both Stripe and PayPal make use of best-in-class security tools and practices to maintain a high level of security.

Stripe has been audited by a PCI-certified auditor and is certified to PCI Service Provider Level 1. This is the most stringent level of certification available in the payments industry.

Furthermore, Zibbet utilizes Stripe.js, which allows us to pass all sensitive information directly to Stripe. We do not see, or store a customers credit card or debit card information on our servers. Everything is handled by Stripe and covered by their high level of security.

4. Customer service

Unfortunately PayPal doesn't have a great reputation when it comes to good, timely customer service.

Stripe on the other hand has a great reputation. Unfortunately they don't have phone support, but you can easily reach them via email and you can expect a quick reply too. Contact Stripe.

So, why consider Stripe?

A better question is, why wouldn't you?!

Stripe enables you to accept credit cards and debit cards seamlessly within the checkout process.

Studies show that accepting credit cards helps to boost sales and increase the average order size. These days, customers expect to see this as a payment option. Your competition is accepting credit cards, so if you want to compete on a professional level, you need to as well.

Getting started

It literally takes less than 5 minutes to sign up for Stripe and once complete, you can start to accept credit card and debit card payments immediately.

Head to our help guide to find out how you can get started today.

+1 Pin it