![]() ![]() ![]() However, PayPal is still perfectly suitable for taking only payments, and it's a trusted brand that consumers identify with.Beyond the lower commission, we like how money automatically clears into your bank account, and there’s a better payment integration that keeps customers on the one page.In addition to the business categories restricted from using Stripe overall, PayPal requires pre-approval to accept payments for certain services. Paddle provides all the tooling in one and takes care of back-office admin, like sales tax compliance, chargebacks, and billing support for your customers. Youll need to buy additional tools to manage subscriptions, invoicing, sales tax, and more. You can access these documents from your PayPal dashboard. Using Stripe as a payments processor, youll face extra fees to access its complete payment stack. ![]() PayPal charges 1.9 + 20p per transaction for sales of up to £55,000 a month, and 3.4 + 20p per transaction for sales under £1,500 a month. PayPal fees aren’t included in your tax invoice from Stripe. PayPal also comes in at a touch more expensive than Stripe. We believe that for most businesses, Stripe is better value for money (by way of the lower commission it charges on every transaction) when compared to PayPal. 12 years younger than PayPal, Stripe provides a simple and transparent alternative to PayPal’s complex fees and outdated structure.However, if you're an eCommerce website, customers leave your website or invoice during their purchase which makes the experience less seamless. It also offers the option of sweeping money automatically into your bank account, money which is usually received faster than Stripe. PayPal benefits from the fact that it also has flat and transparent fees, and many Australians are familiar with PayPal and trust it as a payment processor.Further to this, no customers ever leave your website when entering their payment details which provides added trust. Stripe benefits from the lowest commission charge, 24/7 support, automatic payments into your bank account and the option for customers to set up automatic payments with their card. ![]()
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