Stripe steps up PayPal rivalry with Australian launch

[Tengen]

From The Guardian - http://www.theguardian.com/technolo...teps-up-paypal-rivalry-with-australian-launch

Payment startup Stripe is launching in Australia, letting merchants in the country join the UK, Ireland, USA and Canada in taking payments using the service.

The company bills itself as a programming language for money, pitching itself to app and website developers on ease of use. It can be added to most services with just a few lines of code, and automatically supports features such as subscriptions, use of multiple currencies, and one-tap purchasing out of the box.

For the Aussies in this forum, here are Stripe's and Paypal's pricing pages

https://stripe.com/au/pricing

Stripe charges 1.75% + 30¢ for domestic cards and 2.9% + 30¢ for American Express or international cards.

Processing more than $40,000 per month? Send us an email at sales@stripe.com

Earnings are transferred to your bank account on a 7-day rolling basis.

https://www.paypal.com/au/webapps/mpp/paypal-fees

Online sales within Australia*^ 2.4% + $0.30 per transaction
International online sales* 3.4% plus a fixed fee based on the currency received


*Excluding Website Payments Pro – Hosted Solution and API, Virtual Terminal and Payflow.
^If your sender funds the payment by a non-Australian credit or debit card, an additional 1% processing fee applies on the amount funded by the card.

I haven't done more research into the fine print but seems like an interesting option.

Anyone here care to share their experiences with Stripe over Paypal?

 

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[Kyle Tully]

I'm using both.

Paypal forever and stripe since the beta launch.

I plugged stripe in and it worked. Haven't had any issues or need for anything so time will tell if/when issues arise.




Sent from my iPhone using magic.

 

[Tengen]

Just signed up for an account, very easy to integrate to my Wufoo forms and they have two-factor authentication that works with the Google Authenticator app. The payment also seems to work within the website with no redirects.

My gripe with paypal is that they haven't yet made it possible to use two-factor authentication through the same app, only through mobile text message - what if i'm somewhere with no phone reception?

Everything looks shiny and clean, will report back if there are any problems.

 

[rcdlopez]

I use both too. Stripe has good API documentation so using it is a breeze from a developers stand point. Paypal ...is alright.

 

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[jpmartin]

If they really want to grow, they'll have to open up in many more countries... going global is what it will take to move the needle for them in terms of growth.