PayHere vs Stripe

Struggling to choose between PayHere and Stripe? Both products offer unique advantages, making it a tough decision.

PayHere is a Business & Commerce solution with tags like mobile-payments, credit-card-processing, small-business.

It boasts features such as Mobile payment processing, Accept credit card payments on smartphones or tablets, Free card reader, No monthly fees or contracts, Real-time transaction tracking, Invoicing and payment reminders, Customizable branding and receipts, Secure payment processing with PCI compliance and pros including No monthly fees or contracts, Easy to set up and use, Affordable payment processing rates, Portable card reader for on-the-go payments, Integrates with various accounting and business management tools.

On the other hand, Stripe is a Business & Commerce product tagged with payments, ecommerce, billing, credit-cards, online-payments.

Its standout features include Online payment processing, Accept payments over the internet, Provides technical, fraud prevention, and banking infrastructure, Easy-to-use APIs, Excellent documentation, and it shines with pros like Simplifies payment processing, Scalable and flexible platform, Robust security features, Detailed reporting and analytics, International payment support.

Feature	PayHere	Stripe
Overall Score	N/A	1
Primary Category	Business & Commerce	Business & Commerce

Product Overview

PayHere

Description: PayHere is a mobile payment processing application that allows small businesses to accept credit card payments anywhere using their smartphones or tablets. It offers a free card reader and has no monthly fees or contracts.

Stripe

Description: Stripe is an online payment processing service that allows individuals and businesses to accept payments over the Internet. It provides the technical, fraud prevention, and banking infrastructure required to operate online payment systems. Stripe aims to simplify payment processing with easy-to-use APIs and excellent documentation.

Key Features Comparison

PayHere Features

• Mobile payment processing
• Accept credit card payments on smartphones or tablets
• Free card reader
• No monthly fees or contracts
• Real-time transaction tracking
• Invoicing and payment reminders
• Customizable branding and receipts
• Secure payment processing with PCI compliance

Stripe Features

• Online payment processing
• Accept payments over the internet
• Provides technical, fraud prevention, and banking infrastructure
• Easy-to-use APIs
• Excellent documentation

Pros & Cons Analysis

PayHere

Pros

• No monthly fees or contracts
• Easy to set up and use
• Affordable payment processing rates
• Portable card reader for on-the-go payments
• Integrates with various accounting and business management tools

Cons

• Limited features compared to enterprise-level payment processors
• May not be suitable for high-volume businesses
• Potential delays in fund settlement for new users

Stripe

Pros

• Simplifies payment processing
• Scalable and flexible platform
• Robust security features
• Detailed reporting and analytics
• International payment support

Cons

• Transaction fees can be high for small businesses
• Limited customization options
• Potential for account freezes or termination
• Lack of in-person payment options

Pricing Comparison

PayHere

• Free
• Pay-As-You-Go

Stripe

• Pay-As-You-Go