A few key points to consider:
PayPal Standard is available in 203 countries.
Next up we have Stripe, arguably the most popular PayPal alternative available.
Why is Stripe so popular? Because it gives you the opportunity to take on-site payments without the monthly fee. If you’re a WooCommerce user wanting to integrate Stripe using the official extension, it will set you back $79, though.
Stripe is a slightly trickier proposition to configure, especially vs PayPal Standard – after all, Stripe is targeted at developers. If you know what you’re doing, though, or you’re willing to hire someone, then Stripe is one of the best payment gateways for the job.
Stripe also has an effective anti-fraud team on-hand to deal with any dubious transactions. It supports recurring payments out-the-box, too, and is one of the best solutions for international businesses – you can accept over 100 currencies, which are automatically converted to your default currency.
Here is a summary of the all-important key points:
Stripe is currently available in 21 countries, with more expected to be added. (Vs PayPal, it’s not a lot)
One of the effects of GDPR — the new EU General Data Protection Regulation — is that we’re all going to be learning a lot more about who collects our data and what they do with it. Consider PayPal, that just released a list of over 600 companies they share customer data with. Here’s a good visualization of that data.
Is 600 companies unusual? Is it more than average? Less? We’ll soon know.
Buckingham Research analyst Chris Brendler thinks there’s plenty that investors still underestimate about the two card companies, which he calls “simply the best businesses we’ve ever seen.” Visa and Mastercard have significant pricing power and are proving to be consistently resilient against up-and-comers in the payments landscape. And they’re poised to keep growing volume and earnings as they further eat into cash and check usage
.. For the most part, Visa and Mastercard have made it so that every relative newcomer in payments has to go through them. The companies struck deals with PayPal, for instance, so that the service would stop dissuading users from funding transactions with their credit cards. And while Apple Pay and other similar mobile-wallet services haven’t really taken off, Visa and Mastercard are well-positioned in case they do, since these tools rely on credit and debit cards, too.