Post by account_disabled on Dec 20, 2023 7:31:39 GMT
The best operators in the payment gateway sector are always working to maintain the pole position. After all, there are more ecommerce store owners than ever these days, and they all need a reliable way to collect payments from customers . Two of the most established payment gateway options on the market are Stripe and Square . Both offer businesses easy ways to process payments made online, cutting-edge technology, and numerous tools to make life easier for ecommerce owners looking to run a business and make money. Stripe vs Square: How Are They Different? Is your WordPress site slow? Discover your website's performance bottlenecks to provide a better user experience. Free Audits Stripe and Square have their own unique features, designed to meet very different needs. And frankly, this can make deciding which payment platform to use more difficult than we'd like.
That's why we want to do a comparison between Stripe and Square , so you Country Email List can make a data-driven decision for your small business. Ready? Let's start! Stripe vs Square: What Do They Do? Stripe was founded in 2011 and is a platform that allows you to accept credit card payments ( in person or online ) by transferring money between your merchant account and a payment processor. This is done using physical credit card terminal or an online processor. Are you still confused? Here is an image that may help you: Payment gateway procedure Payment gateway procedure (Image source: Orioly) Stripe is built on a cloud infrastructure designed for reliability, scalability, and security . Not to mention, it's geared towards developers, works for websites and business applications, and has both strong code and design. Stripe can also be used as an independent solution for those who need to send invoices and collect payments for products or services.
While this isn't the most common way to use it, since most people integrate it into their ecommerce sites, this is just another way to take advantage of the flexibility and power of Stripe. According to Datanyze , Stripe accounts for 15.39% of the market share ( Stripe and PayPal are always fighting for first place ): Stripe market share (Image source: Datanyze) Stripe market share (Image source: Datanyze) To give you an idea of how powerful Stripe is, know this: commerce giants like Lyft, Amazon, and Microsoft use Stripe. Speaking of companies, Kinsta also uses Stripe . Square , on the other hand, is a little older ( founded in 2009 ) and is not technically a payment gateway. In reality, it is more of an end-to-end payment processor or virtual terminal. Additionally, unlike Stripe, which can be used on any compatible platform, Square is not a self-checkout solution. Instead, it is part of a larger ecommerce solution.
That's why we want to do a comparison between Stripe and Square , so you Country Email List can make a data-driven decision for your small business. Ready? Let's start! Stripe vs Square: What Do They Do? Stripe was founded in 2011 and is a platform that allows you to accept credit card payments ( in person or online ) by transferring money between your merchant account and a payment processor. This is done using physical credit card terminal or an online processor. Are you still confused? Here is an image that may help you: Payment gateway procedure Payment gateway procedure (Image source: Orioly) Stripe is built on a cloud infrastructure designed for reliability, scalability, and security . Not to mention, it's geared towards developers, works for websites and business applications, and has both strong code and design. Stripe can also be used as an independent solution for those who need to send invoices and collect payments for products or services.
While this isn't the most common way to use it, since most people integrate it into their ecommerce sites, this is just another way to take advantage of the flexibility and power of Stripe. According to Datanyze , Stripe accounts for 15.39% of the market share ( Stripe and PayPal are always fighting for first place ): Stripe market share (Image source: Datanyze) Stripe market share (Image source: Datanyze) To give you an idea of how powerful Stripe is, know this: commerce giants like Lyft, Amazon, and Microsoft use Stripe. Speaking of companies, Kinsta also uses Stripe . Square , on the other hand, is a little older ( founded in 2009 ) and is not technically a payment gateway. In reality, it is more of an end-to-end payment processor or virtual terminal. Additionally, unlike Stripe, which can be used on any compatible platform, Square is not a self-checkout solution. Instead, it is part of a larger ecommerce solution.