Which Payment Method to Choose for Online

When you start your dropshipping business or online store, you need to set up a reliable payment method for your users. Currently, Stripe and PayPal are the leading providers of online payment portals that help you transfer money to your bank account without challenges.

However, how can you decide between Stripe vs PayPal payment provider? Which one is a better choice?

In this article, we discuss the pros and cons of both payment methods, keep exploring…

How Does Stripe Help You

Stripe is a leading online portal for payment, which allows your business to send and receive money via an internet connection. In the ecommerce world, this means that you can receive payments from your customers in the blink of an eye. As soon as the customer makes a purchase, they can clear their payment using Stripe easily.

One of the reasons Stripe is popular is that it is customizable, which means developers are able to adjust a lot of features according to the look and feel of their website.

How Does PayPal Help You

Similar to Stripe, PayPal is another payment service offered for online payments. It is widely known for simple international transactions as well. They have millions of customers, who receive and transfer money to and from their bank accounts regularly.

The benefit of using the PayPal payment portal on your website is that almost everyone has an account on PayPal. Therefore, it is easier to use PayPal to receive ecommerce or dropshipping payments.

Stripe vs PayPal: Let’s Compare

There are benefits of using both Stripe and PayPal payment portals, but which one is better for your dropshipping business? Let’s find out by comparing Stripe vs PayPal.

Cost

Stripe and PayPal both have a transparent system for a usage fee. This is also the reason why these payment portals are widely known in the industry.

To use Stripe and PayPal, you need to pay 2.9% + 30¢ for every transaction. There are plans with no monthly fees, contracts, or setup costs.

If you can cover…