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Most Stripe alternatives fall into one of two categories: (1) payment processors, or (2) a billing solution that covers paymentprocessing and other aspects of billing such as fraud detection, checkout, and more. A MoR also takes the lead on chargebacks, tax audits, legal compliance, and more. Table of Contents.
When choosing a payments processor, businesses have a lot of goals in mind. In addition to keeping fees low, you want to make sure the service is reliable, fast, and able to offer your customers a smooth experience. So, when it comes to comparing platforms, major players like Stripe and Shopify Payments are likely to top your list.
Your payment processor may be an important element of your business. However, with so many of these payment platforms on the market, how are you supposed to choose? While there is a plethora of payment platforms to consider, Stripe and PayPal should be at the top of the list. After all, it plays a big role in how you get paid.
In doing so, SaaS businesses of all sizes face common paymentprocessing SaaS challenges. This is because paymentprocessing for SaaS is more complicated than collecting one-time payments, as it diverges into sub-forms that range from invoicing to managing subscription plans to complying with local tax laws and payment regulations.
For subscription companies, it’s tempting to resort to questionable subscription renewal tactics like these to keep customers around for as long as possible, since churn can be so disastrous to your bottom line. The key feature separating subscription businesses from their more standard counterparts is the recurring nature of payments.
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