Stripe vs GoCardless: A Comparison in 2024

In 2024, businesses of all sizes are increasingly turning to digital payment solutions for their operations. Two popular services that have emerged in this space are Stripe and GoCardless, both of which offer a range of features. This article will take a detailed look at the two providers Stripe vs GoCardless, and compare them according to key criteria such as cost, security, customer service, and more.

Stripe

Stripe has been around since 2010 and is one of the most established payment processors on the market. It provides a comprehensive array of features designed to make payments easier for businesses, including recurring billing, full-stack fraud protection, analytics tools, and more. One particular advantage of Stripe is its low transaction fees: just 2.9% + $0.30 per transaction. The company also offers excellent customer service, with live chat and 24/7 email support.

GoCardless

GoCardless is a relatively new entrant to the market, having been founded in 2011. Despite this, it has already become one of the most popular payment gateways for small businesses due to its competitive costs and ease of use. GoCardless does not charge any setup or monthly fees and transaction fees are just 1% + £0.20 per transaction (or 0.5% if you process more than £100k per month). On top of that, customers can expect great customer service from GoCardless – including online chat and phone support during UK business hours.

As we have already discussed Stripe vs GoCardless pricing comparison, let us consider other equally important factors.

Security: Stripe vs GoCardless

When it comes to security, both Stripe and GoCardless offer comprehensive fraud protection and are compliant with the Payment Card Industry Data Security Standard (PCI DSS). Stripe’s security features include tokenization, which helps to protect sensitive card data from being stored on a business’s servers. GoCardless also offers tokenization as well as an additional layer of authentication to ensure payments are authorized by the customer.

Payment and Payment Methods

This is another area where the two payment gateways differ. Stripe offers support for all major credit cards, along with alternative payment methods such as Apple Pay and Google Pay. GoCardless is limited to direct debit payments only, though it does offer support for multiple currencies.

Ease of Use: GoCardless vs Stripe

This is another important factor for businesses to consider. Stripe and GoCardless both offer an intuitive user interface with simple integration options. Stripe also offers a range of developer tools, such as its API and SDKs, which makes it easy to set up customized payment solutions. GoCardless has fewer development tools available but still provides a range of webhooks and APIs for custom integrations.

Developer-Friendly Features

Here is yet another area of comparison between Stripe and GoCardless. Stripe offers a wide range of developer tools, such as its API and SDKs, which make it easy for developers to create custom solutions for businesses. It also has an extensive library of tutorials, guides, and community resources available to help developers get started quickly. GoCardless is also suitable for developers but lacks the same breadth of resources available from Stripe.

Integrations

In terms of integrations, both providers have a number of options available for businesses to choose from. Stripe offers integrations with popular eCommerce platforms like Shopify and WooCommerce, as well as accounting software such as QuickBooks and Xero. GoCardless is compatible with over 300 different services such as PayPal, Salesforce, and Zendesk.

Countries, Regions & Currencies

This is also an important consideration when selecting the right payment provider. Stripe is available in over 25 countries, including the US, UK, and Canada. GoCardless is currently limited to Europe and a few other select countries such as Australia and New Zealand. Additionally, Stripe supports more than 135 currencies while GoCardless only supports 30.

Stripe vs GoCardless Comparison 2023

Overall, Stripe and GoCardless are both excellent payment processing solutions for small businesses. While Stripe has the advantage of lower transaction fees, GoCardless is more cost-effective in terms of setup and monthly costs. Both providers offer comprehensive features such as fraud protection and integrations with other software, so ultimately it will come down to which one offers the most suitable features for your business’s needs. Whichever provider you choose, both Stripe and GoCardless are reliable and secure payment solutions that can help make digital payments easier for your business.

How SubscriptionFlow helps

Businesses can also take advantage of SubscriptionFlow, a subscription management service that works with both Stripe and GoCardless. SubscriptionFlow simplifies the process of setting up subscriptions and automating recurring payments so businesses can focus on their core operations. It also enables businesses to manage their customer data in one place, allowing for better insights into customers’ payment behavior. With SubscriptionFlow, businesses have the complete package when it comes to managing digital payments – from accepting payments securely to tracking data efficiently.

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