Are you considering an alternative to stripe payment?
We’ll, if you have concerns about wepay as your payment processor, today we are looking at 5 wepay alternatives you should consider for your online business.
Although wepay hasn’t become a house whole name like other digital payment processors, it has definitely widened the range possibilities for online marchants. But, regardless of it’s success every service has it’s pros and cos and wepay is no exceptional.
Make sure to stick around till the end to hear about what other alternatives exist for your business and how one of them might suit your special needs.
Let’s take a look at the 5 wepay competitors you might want to consider
- Square
- Payjunction
- PAYPAL braintree
- Wepay
- Adyen
- 2checkout
- Square: square documentation and API allows you to build the system that can easily accommodate both online And in personal sales. Pouring inventories, catalog management, employees management and database management. You also get some serious value for free since you are not required to pay third party Addons to handle this tasks. Overall, think of square as being more broad wear as wepay goes a bit deeper.
CHARACTERISTICS OF SQUARE PAYMENT PROCESSOR
• Third party processor
• Supporting payment channels: online and Pos payments
• It’s not global friendly
• Pricing model: offers flat-rate pricing
• Processing costs: 2.6%+ $0.30 for online transactions. 2.6%+ $0.10 for swiped/dipped/tapped transactions.
• It’s suitable for low volume businesses
- Payjunction: is one of the most developer friendly marchant account options. Well, Payjunction business model and product offerings aren’t exactly innovative, it doesn’t offer interchange plus pricing with no Additional fee when processing more than $10,000 transactions a month.
Payjunction is also not global friendly but U.S marchants are always offered support for part payments ACH and NFT payments.
One of the most interesting features Payjunction had to offer is the ability to store signatories on email receipts.
Features of payjunction payment processor
• Marchant account
• Supported payment channels: online, POS, mobile POS
• It’s not global friendly
• Pricing model: offer interchange-plus
• Processing costs: interchange+ 0.75%
• Suitable for low-volume businesses.
- PAYPAL braintree
Braintree is a PayPal owned company even though it operates separately in many ways. But, we are combining this two because they share almost identical structure for online payments with a few stand alone features along the way.
Braintree looks similar to wepay existence but the difference between the two is that braintree offers marchant accounts where as wepay is just a third party processor.
It’s important to note. however, that PayPal’s a third part processor that offers a selection of developer tools for businesses interested in a customized set up for invoicing, mass payouts and market places. Read more about pros and cons of PayPal and braintree.
Features of PAYPAl braintree payment processor
• Marchant Account (braintree), Third party (PayPal)
• Supported payment channels: online, in-Aps, POS, mobile POS
• It is global friendly
• Prancing modeli: flat rate
• Processing costs: 2.9% + 0.30 for online transactions and 2.7% for swiped/dipped/tapped transactions
• Suitable for low volume businesses
- Durango marchant services: is specialized in getting hires, businesses especially those on the terminated marchant file. Set up with stable marchant accounts. There is no set up fee to begin with and Durango offers many specialized services for e-commerce
Features of Durango marchant services
• Marchant account and not third party processor
• Supported payment channels: online, in-App, POS
• Global friendly
• Pricing model: tiered-pricing
• Processing costs: unknown
• Suitable for low volume businesses
- Adyen payment processor: processes massive amount of payments. And that’s because adyen built itself business from chasing the big fish. It supports PayPal transactions which is something rarely available from companies not owned by PayPal.
This wepay alternative has very powerful marketplace tools and is secured, customizable, checkout forms as well. All of this makes it a strong contender for growing businesses that need advanced technology to power their payment systems.
Features of Adyen payment processor
• Marchant account and not third party processor
• Supported payment channels: online, in-Apps, POS
• It is global friendly
• Pricing model: Blended(interchange-plus for visa, Mastercard, and discover; flat-rate for Amex
Check: Review between PayPal and Stripe