Top 5 Stripe alternatives: compare fees, features & benefits

By David BeachUpdated on 31 March 2025Published on 3 October 20248 minutes
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Top 5 Stripe alternatives: compare fees, features & benefits
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If you run a growing business, you’ll need a payment platform that will allow you to open local accounts in several currencies, seamlessly accept payments from international customers, and send money across borders without excessive fees.

Whilst Stripe may be one of your options, you may like to consider its alternatives to see which one suits your needs best.

What is Stripe? 

Stripe is a technology company that sells financial software to help businesses accept and process payments from customers.

Used by businesses of all sizes, from big businesses like Amazon and Lyft, to growing eCommerce stores and single bricks-and-mortar retailers who need point-of-sale (POS) systems, Stripe is liked by business owners worldwide for its simplicity, flexibility, and integration capabilities.

Companies use it to reach more customers and accelerate growth by accepting all kinds of payment methods, such as credit and debit cards, mobile payments, and “buy now, pay later” options.

For businesses in the UK, Stripe offers a standard account and custom package for enterprises with large payments volumes or unique business models. It charges per transaction, starting at 1.5% + 20p for standard UK card transactions1.

The top alternatives to Stripe

Here are the top alternatives to Stripe.

  • Airwallex is a global financial technology company that offers a range of financial services, including online payment acceptance and processing (checkouts), international payments, multi-currency accounts, and ‌Corporate Cards. We strive to simplify cross-border transactions for businesses of all sizes.

  • Braintree is a payment platform that enables businesses to accept, process, and split payments in multiple currencies. It supports a variety of payment methods, including a credit or debit card, PayPal, and several digital wallets.

  • PayPal is a leading payment gateway that's been serving customers worldwide for 20 years. It enables eCommerce brands to facilitate payments from credit cards, debit cards, and bank transfers.

  • Shopify, a formidable eCommerce platform, empowers businesses to establish and maintain their online presence with a suite of features for inventory management, marketing, and payment processing.

  • Square is a distinguished financial services and mobile payment company that equips businesses with the means to accept payments, oversee sales, and optimise operations. Recognised for its portable card readers and innovative POS systems.

Compare the top five alternatives to Stripe

Best for

Payment methods

Cost

Airwallex

Growing international companies looking to accept payments globally

160+ payment methods available, accepted in 180+ countries

Pricing varies by transaction type. 1.3% + 20p for UK card transactions. Currency conversions at interbank rate + 0.5% - 1%

Braintree

eCommerce businesses that value flexible payment options

Supports PayPal, Venmo (US), Visa, MasterCard, and AMEX cards, direct banking, popular wallets, and some local payment methods2

Becomes complicated but basic transaction fee is 1.9% + 20p per transaction3. 2% currency conversion fee4

PayPal

SMEs looking for a simple payment process and integrations

Varies on size of business; enterprises can accept card payments, PayPal, and 10+ local payment methods from 200+ countries5

Complicated fee structure that varies by transaction type. 2.9% + 30p per commercial transaction within the UK. Currency conversion at 3% above the base exchange rate6

Shopify

Entrepreneurs that are Shopify store owners

All major credit cards, mobile wallets, and some local payment methods including UnionPay, Klarna, Bancontact, and iDEAL7

Subscription fees start at £19 and card rates are dependent on your plan. 2% + 25p per UK online credit card transaction for Basic plan8

Square

Brick-and-mortar businesses that need integrated payment systems

Most credit and debit cards, major mobile wallets (including Apple Pay and Google Pay) and ACH bank transfers9

Pricing varies by transaction type. 1.4% + 25p for online UK card transactions, 2.5% + 25p for international card transactions made online10

The top Stripe alternatives: key features and fees

Airwallex, Braintree, PayPal, Shopify, and Square are all alternatives to Stripe, but each have their strengths. Our platform, Airwallex stands out from the rest with our end-to-end financial operations and global reach. It’s a strong option for businesses that are looking to scale their financial and payment operations domestically or internationally.

Below, we summarise the key features and fees of each Stripe alternative. For full product and fee information, including other charges, please visit each provider’s official website.

Airwallex

Airwallex is a global payment solution designed for growing international companies. It enables businesses to accept payments through over 160 payment methods across more than 180 countries. Airwallex excels in facilitating global transactions with competitive currency conversion rates and comprehensive financial operation tools.

Airwallex fees:

  • Pricing varies by transaction type.

  • UK card transactions: 1.3% + 20p

  • Currency conversions: Interbank rate + 0.5% − 1%

Pros

  • Extensive global payment acceptance.

  • Competitive interbank currency conversion rates.

  • Comprehensive financial operations platform.

Cons

  • Pricing can vary and be complex.

  • No physical branches.

  • Does not serve sole traders.

Braintree

Braintree is tailored for eCommerce businesses seeking flexible payment options. It supports a wide array of payment methods, including PayPal, Venmo (US), major credit and debit cards, and various local payment methods.

Braintree fees:

  • Basic transaction fee: 1.9% + 20p per transaction.

  • Currency conversion fee: 2%

Pros

  • Flexible payment options.

  • Support for popular wallets and local payment methods.

Cons

  • Fee structure can become complicated.

PayPal

PayPal is a popular choice for SMEs prioritising a simple payment process and seamless integrations. It supports card payments, PayPal transactions, and numerous local payment methods from over 200 countries.

PayPal fees:

  • Commercial transaction within the UK: 2.9% + 30p

  • Currency conversion: 3% above the base exchange rate.

  • Fees vary by transaction type.

Pros

  • Simple payment process.

  • Wide global reach.

Cons

  • Complicated and variable fee structure.

  • Higher currency conversion fee.

Shopify

Shopify is designed for entrepreneurs with Shopify stores, offering integration with major credit cards, mobile wallets, and various local payment methods.

Shopify fees:

  • Subscription fee: Starts at £19.

  • UK online credit card transactions (Basic plan): 2% + 25p

  • Card rates depend on the plan.

Pros

  • Seamless integration with Shopify stores.

  • Support for various payment methods.

Cons

  • Subscription fees apply.

  • Card rates vary based on plan.

Square

Square is ideal for brick-and-mortar businesses requiring integrated payment systems. It supports most credit and debit cards, major mobile wallets, and ACH bank transfers.

Square fees:

  • Online UK card transactions: 1.4% + 25p

  • Online international card transactions: 2.5% + 25p

  • In-person transactions have different fees.

Pros

  • Integrated payment systems.

  • Support for mobile wallets.

Cons

  • Pricing varies by transaction type.

  • Higher fees for international transactions.

Find out for yourself how Airwallex compares to Stripe.

Sign-up for your Business Account

Why choose Airwallex over Stripe?

Airwallex

Stripe

Online payment gateway

Domestic card payments

1.3% + £0.20

1.5% + £0.20

International card payments

2.4% + £0.20

2.5% + £0.20

EEA card payments

3.15% + £0.20

3.25% + £0.20

FX conversion fee

0.5% for 11 major currencies, 1% for others

2%

Multi-currency business account

Borderless debit cards

International payouts (for suppliers, staff, expenses)

Expense management

Point-of-sale payments

What questions should I ask when choosing alternative providers to Stripe?

With so many payment platforms on the market, it can be tricky to find the one that’s best for your business.

Although Stripe is reliable and loved by many, it might not be right for you. Some business owners look elsewhere because of its high transaction fees and POS hardware capabilities.

To help you figure out which payment platform is worth your investment, we’ve compiled the top 10 questions you should ask any supplier before signing a contract.

  1. What types of payments can you process?

  2. What are the transaction fees and how do they vary by payment method/transaction type?

  3. Can your platform handle multiple currencies? What are the currency conversion charges?

  4. What is the process for chargebacks?

  5. How do you manage fraud protection?

  6. Do you offer POS solutions and how do they integrate with online payments?

  7. Are there any long-term contracts or early termination fees?

  8. Are there any setup or ongoing monthly fees?

  9. What kind of customer support do you offer?

  10.  How do I integrate your payment gateway into my website? Do you offer technical support?

Final thoughts on alternatives to Stripe

If you’re looking for cost-effective global money management, Airwallex is hard to beat.

Over 100,000 companies use our software to simplify global payments and financial operations. The most popular uses are to manage international customer payments, support treasury operations, and accelerate embedded finance products.

Our payment gateway can help you accept worldwide payments by integrating seamlessly with major eCommerce platforms like Shopify, WooCommerce, and Magento, and by supporting payments from 180+ countries.

While Stripe also offers global payment services and multi-currency business accounts, with an Airwallex Business Account you can settle in multiple currencies ‘like-for-like’, avoiding the unnecessary conversion fees you’d be forced to pay using Stripe.

And if you do want to convert currencies, with Airwallex you’ll benefit from interbank rates + 0.5-1%, compared with Stripe’s 2% currency conversion fee13.

Stripe could be a good option if you’re a smaller business with an offline presence in the UK, but if you’re growing beyond borders, Airwallex has the edge. 

Find out for yourself how Airwallex compares to Stripe.

Sources

For more information on Airwallex, visit Airwallex Business Account and Airwallex pricing.

  • https://stripe.com/gb/pricing

  • https://www.braintreepayments.com/au/features/payment-methods

  • https://www.braintreepayments.com/gb/braintree-pricing

  • https://wise.com/gb/blog/braintree-vs-stripe-uk

  • https://www.paypal.com/uk/enterprise/payment-methods

  • https://www.paypal.com/uk/webapps/mpp/merchant-fees

  • https://www.shopify.com/uk/payments

  • https://www.shopify.com/uk/pricing

  • https://squareup.com/au/en/payments

  • https://squareup.com/gb/en/pricing

  • https://stripe.com/gb/pricing

  • https://stripe.com/en-bg/issuing

Disclaimer:

We updated this article in Q1 2025. The information was based on our own online research and we were not able to manually test each tool or provider. The information is provided for educational purposes only, and a reader should consider the specific requirements of their business when evaluating providers. If you would like to request an update, feel free to contact us at [email protected].

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David Beach
Senior Content Marketing Manager - EMEA

David manages the content for Airwallex. He specialises in content that helps EMEA businesses navigate global and local payments and banking.

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