Any online business needs an online payment gateway solution. Without it, they might have difficulties tracking payments or increasing their sales and revenues. One of the most-trusted online gateway solutions is Stripe. But what is Stripe, and what can they do to help businesses thrive? Check out our Stripe review below.

Stripe Overview

Stripe is a software-as-a-service (SaaS) that provides a payment platform for small and big businesses. They offer a wide range of payment services, which clients can use through their applications. It’s also a global payment solution, and businesses from over 100+ countries can integrate their online store with Stripe.

Big brands like Lyft, Google, and Spotify and small businesses use Stripe for their payment platform.


They have a flat rate of 2.9% + 30 cents per accepted card charge. However, companies may customize their payments to Stripe by contacting their sales. Stripe also has a comprehensive list of payment details for different services they offer as well.

What Does Stripe Offer?

In this review, you’ll know more about what Stripe offers, the three services for their customers.

  • Payments
  • Financial Services
  • Business Operations


One of Stripe’s primary offerings is to accept payments. Many eCommerce and SaaS services use their online payment gateway solution. Aside from that, Stripe also has billing software and invoicing. Clients interested in using Stripe can easily integrate the service after sign-up.

Stripe also uses machine learning in dealing with fraud, so that you can authorize payments without the hassle. Plus, they accept different payment methods, including cryptocurrency, which would be a bonus for customers that use various payment options.

Businesses with physical stores can also benefit from Stripe by using their Stripe Terminal. So far, they offer a card reader system integrated with fleet management software. Interested clients may opt for either a BBPOS Chipper 2X BT or Verifone P400.

The BBPOS Chipper 2X BT costs $59, while the Verifone P400 is $299.

This will be helpful for those who use Stripe and have a physical business store as well. You can be sure that their card readers are secure.

Financial Services

Like other payment gateway solutions providers, Stripe gives businesses the option to issue their credit and debit cards (Corporate and Issuing). Anyone who needs to issue cards for their company may get benefits and discounts from Stripe’s partners such as Slack, Hubspot, and Google Ads. Stripe’s other financial services include Capital and Treasury.

Business Operations

Potential Stripe clients may avail their business operations services such as Atlas, Sigma, Radar, and Climate. Their business operations deal with providing finances for startups (Atlas), optimizing your finances, data and reporting (Sigma), risk and fraud (Radar), and a donation towards carbon removal (Climate).

What Makes Stripe Different?

In this Stripe review, we will also quickly cover the services that Stripe has over its competitors. Stripe isn’t only a payment gateway; they have services that could help businesses move forward and reach sales goals through other financing and payment options. This helps make Stripe a one-stop shop for all payment services.

Stripe is dedicated to combating climate change. And as part of their Business Operations services, clients can use Stripe Climate. Clients may use a fraction of their revenue to donate to businesses looking to reduce carbon emissions. So far, it’s only Stripe that has this option among its primary competitors.

One of the reasons many use Stripe for their payment solutions is their payment form customization. It’s called Stripe Elements. If your team has a web developer, they can customize your payment form based on your branding.

Another thing that you can consider is Stripe Capital and Treasury services for financing and banking, respectively. 

Capital deals more with business funding, allowing businesses to see if they’re eligible for any funding. When approved, clients can use a percentage of earnings to pay off the funding loan. On the other hand, Treasury will allow businesses to integrate banks that customers can use to pay bills and view their cash flow.

Finally, what makes Stripe a contender for most businesses is its Stripe Atlas service. Startups that may need further financial and registration assistance can sign up. Then, the payment provider helps you with your paperwork and registers your company in Delaware. You will receive an IRS tax ID. International businesses that have used this service shared that Atlas was a way for them to break into the US market.

This service starts at $500, and you’ll have to pay fees annually.

What are Alternatives to Stripe?


One of Stripe’s main competitors in the market is Square. What makes Square a step ahead of Stripe is its point-of-sale (POS) hardware solutions. Plus, they even have an appointment feature included in their POS systems. Other than that, they have a marketing/loyalty program that clients can use for their customers. This will help businesses have returning customers.

As for pricing, Square charges in-person payments at 2.6% + 10 cents for every transaction. Meanwhile, their online transaction is the same for Stripe at 2.9% + 30 cents for any transaction made in: 

  • Square Online 
  • Square Online Checkout
  • eCommerce API 
  • in-app payment, and
  • Online invoice

You can also set your rate by using their calculator here.


Braintree is a PayPal-powered payment solution. Unlike most of the providers, Braintree only offers an online acceptance payment solution and data payments.

Like with Stripe and Square, their standard payment fee is 2.9% + 30 cents per transaction.


Adyen is another contender that levels with Stripe. They offer the same solutions, but their main focus is on their Unified Commerce service. This allows you to integrate and connect your payments into one system. Plus, one of the reasons many choose Adyen is to speed up its reach globally by integrating local payment methods in selected countries.

As for pricing, it depends on which payment method a client’s customer would choose on a transaction. However, they do have the Interchange++ feature that allows you to see a cost breakdown instead of a flat fee.

Wrap Up

This Stripe review offers a quick overview of the platform. As compared to most online payment solutions, Stripe has a variety of options that will allow a business to choose them for most of their financial needs. Diversifying is how they can set themselves apart from the competition, and Stripe is demonstrating that by being a few steps ahead of the competition.