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Stripe and Paypal are two popular payment services.
They both have web-based and app-based functionality and are used by both businesses and individuals.
But their greatest strengths lie in their processing of business payments.
That means the company is rapidly gaining on the payment volume of competitor PayPal.
Pros and Cons of Stripe
No payment solutionis right for every solution, including Stripe.
To that end, it tailors its products towards processing payments for merchants for both in-person and online transactions.
Its fees are competitive and in many cases more affordable than with Paypal, one of its prime competitors.
you might see an overview of Stripesrates and feesand how they compare with Paypal in the table below.
It also functions as a digital wallet to make purchases easier for individuals.
Plus, it offers cash back from various vendors if you use the app to make purchases.
But you may have to pay slightly higher fees as a merchant for using it.
Check out the table below for the comparison of costs for both Paypal and Stripe.
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