Which payment processor to choose between Shopify payments and Stripe?

Our opinion on Shopify Payments vs Stripe in a nutshell

The two payment processors are fairly equivalent . Shopify payments will be your best option if you are already using Shopify. best alternative if you're looking for a payment solution more flexible and adapted to all e-commerce platforms.

What exactly is Shopify Payments?

Shopify needs no introduction, the all-in-one e-commerce platform that enables companies to :

• Creating websites ;

• Selling online;

• Manage their inventory;

• Etc.

As it happens, Shopify payments is the platform's native payment processor . In other words, its primary function is to enable companies to process and accept online payments.

So, as soon as you open your online store, you can accept all payment methods. So there's no need to configure a third-party payment solution.

So it's a cost-effective solution because Shopify is an all-in-one environment that saves you from paying third-party transaction fees.

What exactly is Stripe?

Stripe is a payment gateway that allows you to accept, pay and manage online payments . It's a solution for managing transactions between e-merchants and their customers. It is an Irish-American fintech headquartered in California, USA.

Available in 37 countries, Stripe accepts all major payment methods. The platform also enables you to create payment pages. Unlike Shopify payments, which are specifically dedicated to Shopify transactions, Stripe is a more flexible tool.

Founded in 2010, Stripe has rapidly established itself as one of the best payment solutions on the market, after Paypal.

Unlike Shopify payments, Stripe is a payment solution independent . It is therefore compatible with almost all e-commerce platforms.

Stripe and Shopify Payments key features

On the whole, Stripe and Shopify Payment offer the same type of service. Here are their main features:

Accepted payment methods

In this respect, there are no notable differences between the two platforms. credit card or debit cards, cash payments and international electronic payment methods.

Stripe and Shopify payments offer a wide choice of payment methods:

• Payment by transfer ;

• Payment by cards bancaire (Visa, Mastercard, American Express, etc.) ;

• Payment by SEPA ;

• Payment split .

Stripe is available in over 30 countries and accepts more than 135 different currencies. Despite high transaction costs (1.25% + €0.25 for standard EEA cards and 2.5% + €0.25 for UK cards), Stripe remains the more affordable of the two options .

On the other hand, Stripe does not accept payment by check or Paypal. However, these options can be added via specific integrations.

Transaction security

When it comes to online payment, security is a fundamental issue. It is therefore a criterion not to be overlooked when choosing a payment solution. taken into account by both platforms . Both are PCI-compliant the reference standard for processing personal consumer data.

Both platforms are also equipped with a protection against fraud . Stripe does, however, have a slight advantage with its Stripe Radar feature. This enables companies to block fraudulent transactions.

Possible integrations

Stripe has advanced customization options . This is one of its most outstanding features. The platform is equipped with APIs that also enable a wide range of integration possibilities.

This API-based approach means, however, that development skills are required to create specific business models.

Shopify payments, on the other hand, by being directly integrated with Shopify, offers less flexibility in terms of integrations.

Stripe and Shopify Payments feature comparison chart

Shopify Payments vs Stripe : comparatif des tarifs

With Stripe, there are no subscription or setup fees. Stripe's fees consist solely of a commission for each transaction carried out on the platform plus a lump sum.

With Shopify payments, on the other hand, you must first and foremost pay monthly subscription Secondly, the platform charges a nominal fee for each payment by Mastercard and Visa credit cards, for example.

Comparison of Shopify Payments and Stripe rates

Here is a comparison of Shopify payments and Stripe rates:

Shopify Payments vs Stripe: which has the best customer service?

On both platforms, customer support is available 24/7 . You can contact the customer service department by chat and email Telephone assistance is only available for higher packages.

Stripe therefore has a comparative advantage here, as its customer service is also accessible by telephone for all its customers. users. plus, you can get technical advice from a community of developers.

Which CMS and platforms can Stripe and Shopify Payments be integrated with?

Shopify payments is automatically integrated with Shopify In other words, as soon as you open an e-commerce site on Shopify, you automatically have a Shopify payments account.

Stripe, on the other hand, can be integrated with all e-commerce platforms In this case, the platform charges an additional fee.

What do they have in common and what are their differences?

Despite their obvious similarities, Stripe and Shopify payments also have their differences.

Common ground

Here's what the two solutions have in common:

• Relatively short processing times . For both platforms, it takes two days for the funds to be transferred to your account.

• Secure payment platforms . Both platforms offer optimum protection against fraud.

• Customer support available 24/7.

• Ease of use. Both platforms are easy to use. On the other hand, if you want to take full advantage of the customization options offered by Stripe, you'll need some knowledge of development.

Differences

Here are the differences between the two payment solutions:

• Shopify payments is a more targeted solution, aimed solely at Shopify users. Stripe, on the other hand, is more flexible and versatile as it is suitable for all e-commerce platforms, including Shopify (subject to higher transaction fees).

• Shopify payment pricing includes a subscription To use Shopify payments, you must be a Shopify subscriber (starting at $25/month, depending on the rate plan you choose). additional costs credit card processing fees. Additional charges also apply for international cards.

With Stripe, on the other hand, there is no subscription fee. Only transaction fees are charged by the platform, the amount of which depends on the customer's payment method. Like Shopify payments, Stripe also charges an additional 1% for international cards.

• Geographical availability . Shopify is only available in 18 countries and regions, while Stripe integrates payments from 37 countries, and Shopify integrates customers in 100 countries. So if you're in a country where the payment platform isn't available, you'll have to pay additional fees on a third-party platform.

• Payment terms . However, for the first payment, Stripe takes the time to check and assess the company's level of risk. It can therefore take between 7 and 14 days.

The advantages of Shopify Payments over Stripe

Shopify has two major advantages over Stripe:

A payment solution integrated directly into your website

This means you don't have to install or integrate anything. Shopify payments is directly integrated as soon as you sign up for Shopify.

An all-in-one platform

With Shopify, you have a complete ecosystem . You can manage your orders, collections, payment schedule and even your anti-fraud system from the same interface.

The advantages of Stripe over Shopify Payments

Here are Stripe's main advantages over its competitor:

A more versatile solution

Stripe adapts to all e-commerce platforms including Shopify. Shopify payments, on the other hand, is only suitable for e-tailers on Shopify.

A wide range of currencies accepted

Stripe accepts 135 currencies and covers 37 countries, whereas Shopify payments is only available in 19 countries, making Stripe the payment processor of choice. if you have a global customer base.

Numerous customization options

If your business needs a single payment system, Stripe's robust set of APIs offers you extensive customization options .

What's the alternative to Shopify Payments and Stripe?

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Hero is not an alternative to Stripe and Shopify, but the platform allows you to pay your suppliers after 30 days and receive your payments on D+0 .

Its main advantage? The platform lets you prepay your invoices without waiting for them to be paid by Shopify or Stripe Hero is a payment gateway that offers a digital factoring service . As soon as we receive your invoices, the platform advances payment.

Hero is the ideal solution for e-tailers who want to optimize their cash flow .

What's the best way to pay on Shopify?

If you use Shopify, then Shopify payments remains your best option for reducing costs.

On the other hand, if you don't use Shopify Stripe remains your best option. This payment gateway offers you advanced personalization options. It's also ideal if you have a global customer base.

In conclusion, choosing a payment gateway requires real thought. The quality of customer service, pricing and functionality are all important. That's precisely the aim of this comparison. Shopify payements vs Stripe to help you make an informed choice.