Website Building » WooCommerce » What Is the Difference Between Stripe and WooCommerce Payments?
Last updated on October 2, 2022 @ 12:29 am
When it comes to online payments, there are two major platforms that businesses use: Stripe and WooCommerce Payments. Both platforms have their own unique features and benefits, so it’s important to understand the difference between them before choosing which one to use for your business.
Here’s a quick rundown of the key differences between Stripe and WooCommerce Payments:
Pricing
Stripe charges a 2.9% + $0.30 per transaction fee, while WooCommerce Payments charges a flat 2.9% transaction fee. This means that businesses who process a lot of small transactions will save money with WooCommerce Payments, while businesses who process fewer large transactions will save money with Stripe.
Payment Processing Time
Stripe processes payments instantly, while WooCommerce Payments can take up to 3 days to process payments. This is due to the fact that WooCommerce Payments uses ACH transfers to process payments, while Stripe uses a more efficient system that doesn’t require ACH transfers.
PRO TIP: Please be aware that there is a difference between Stripe and WooCommerce Payments before using either service. Stripe is a payment processor while WooCommerce Payments is a payment gateway. This means that with Stripe, you will need to set up a merchant account with a bank in order to accept payments. WooCommerce Payments, on the other hand, does not require a merchant account and can be used with any payment processor.
Supported Countries
Stripe is available in over 20 countries, while WooCommerce Payments is only available in the United States. This means that businesses who want to accept payments from customers around the world will need to use Stripe, while businesses who only want to accept payments from US-based customers can use either platform.
Bottom Line
Both Stripe and WooCommerce Payments are excellent choices for businesses looking to take advantage of online payments. However, the key differences between the two platforms mean that one may be better suited for your business than the other. Be sure to carefully consider your needs before choosing which platform to use.
5 Related Question Answers Found
How Do I Use WooCommerce With Stripe?
WooCommerce is a popular eCommerce platform that enables businesses to sell products and services online. Stripe is a payment processor that allows businesses to accept credit card and other electronic payments. WooCommerce provides a built-in integration with Stripe so businesses can start processing payments immediately.
What Is the Best Stripe Plugin for WooCommerce?
There are many stripe plugins for WooCommerce, but which one is the best? Here is a list of the top five stripe plugins for WooCommerce, based on features, ease of use, and price. 1. Stripe for WooCommerceThis plugin is developed by WooCommerce, so you know it will be compatible with all other WooCommerce plugins and themes.
Is Stripe Compatible With WooCommerce?
Stripe, the popular payment processing company, is now compatible with WooCommerce, the popular eCommerce platform. This means that businesses using WooCommerce can now use Stripe to process payments. This is great news for businesses that use WooCommerce, as Stripe is a very popular payment processing company.
Can you use Stripe with WooCommerce?
Stripe is a payment processing company that allows you to easily and quickly process payments through your WooCommerce store. Stripe supports a variety of payment methods, including credit cards, bank transfers, and even PayPal. Stripe also offers an easy way to keep track of your payments and billing information.
How Does WooCommerce Integrate With Stripe?
WooCommerce is a popular eCommerce platform that allows businesses to set up an online store and sell their products and services. One of the main benefits of using WooCommerce is that it integrates with Stripe, a payment processing company. This means that businesses can accept payments through their WooCommerce store using Stripe.
Dale Leydon
Sysadmin turned Javascript developer. Owner of 20+ apps graveyard, and a couple of successful ones.
