WePay vs Stripe: Which One Is Better

Internet and technology has made things much easier and more convenient for people. But all these conveniences like shopping, banking and gaming can be safe only when the payment platform is safe. Any customer will want to have a safe and completely reliable payment solution while transacting money online. Two of the most popular online payment service providers are WePay and Stripe and you can choose one of these for your ecommerce business or any business software. If you are confused about which one to choose, we have provided a complete overview on WEPAY VS. STRIPE. This will help you to get an idea about which one to choose.

WHAT IS WEPAY & STRIPE?

WEPAY: The WePay is one of the service providers for online payment. It is the USA based provider that provides a customizable as well as integrated payment solution though Application Programming Interfaces (APIs). It is available for platform businesses like small business application or software, marketplaces as well as for crowdfunding websites.

STRIPE: The Stripe, on the other hand, is an Irish-American software that provides financial services. This company mainly offers integrated Application Programming Interfaces as well as payment processing software. This service is available for mobile applications and e-commerce websites.

Both of these payment platforms or services are quite popular and have a lot of amazing features. Let us compare these two and their features to help you know which one you will want.

FEATURES OF WEPAY

Here are some of the best features of the WePay that will definitely make it easier and better for your business:

1. WEPAY LINK

This feature functions like one of the basic payment processor. When you integrate the account, all the merchants on your website or platform will able to accept debit cards, credit cards and other e-payment modes in USA, Canada and UK.

2. WEPAY CLEAR

This is one of the best features that you will get with the WePay payment service. It helps on building a payment business without any overhead. It will provide you with risk engine, notification engine as well as reporting engine that will give an end-to-end user experience. This can manage the compliance, payouts and risks efficiently.

3. WEPAY CORE

Most of the platform operators want to gain a complete control over the entire process of transaction. With the help of the WePay Core feature, you will be able to get it. This Core infrastructure will allow you in managing the merchant accounts, handling the risks and offering support as well.

FEATURES OF STRIPE

Stripe too comes with some amazing features that increase its efficacy and reliability. These features are:

1. STRIPE CONNECT

With the help of the Stripe Connect feature, you can target the larger payment platforms. This feature can process more than 100 different types of currencies. It can also complete the transactions over 30 different countries. The Strip Connect feature can offer a customizable experience to the customers of your website. You can control the payout timing, get financial report and control the onboarding too.

2. STRIPE SIGMA

The Stripe Sigma is a feature that allows it to perform reporting. Stripe is quite popular for the built-in reporting feature which will help you to get the best result. This feature can generate an in-depth report which is fully customizable in nature. It will cost about $0.02 for every transaction made.

3. STRIPE RELAY

The Stripe Relay can streamline the entire checkout process on the smartphone of the customers. With this feature, the merchants will be able to use API in order to list products for selling the mobile or even link their ecommerce sites. The Relay feature can allow some instant purchases on any third-party sites like Facebook, Twitter etc. For the Stripe users, Relay feature is completely free.

WHICH ONE TO CHOOSE – WEPAY OR STRIPE?

There is no doubt that both of these payment platforms or services offer some great benefits through these incredible features. But you have to consider some of the important things and compare these two:

  • CUSTOMIZATION

When you are looking for the best payment service for your business website, customization is very important. With WePay, the merchants can have a better control over the transactions i.e. signups and checkout processes. When it comes to Stripe, it doesn’t offer much option for customization.

  • EASY TO USE

Both the services offer an easy to use interface for sure. But if you compare, then the WePay offers an instant onboarding. Hence, the entire process of signing up and access to the account is really quick and easy. This can be a major benefit for the customers. You will also not need any technical knowledge if you are using the WePay.

  • CUSTOMER SUPPORT

Talking about the best service, customer support pays a major role here. In this case, Stripe is way ahead than that of the WePay. It has better customer support and you can contact the customer executives all the time. They are more efficient and helpful too. Though WePay have a customer support, sometimes it can be very slow.

  • PRICING

Though the pricing of both Stripe and WePay are mentioned clearly on their website, WePay lacks a bit of transparency. The Stripe offers much clear breakdown of the prices that makes it easier for the businesses to calculate what the total cost will be. The pricing plans for Stripe are clearly laid out than that of the WePay. It has nothing to do with the costlier and cheaper.

  • FLEXIBILITY

Both the services, WePay and Stripe, offer great flexibility when it comes to payment. Of course, the customization and the seamless experience that you will get from both the platform make it easier for business and customers to have a smooth payment experience.

CONCLUSION

With this vivid explanations and review about the WePay and Stripe, it will be easier for you to decide which one you will want. Based on the features and their benefits, a business owner can easily decide which one of these two services will be an ideal one for their business. Choose the right one and enjoy a seamlessly perfect payment experience.