The Showdown of eCommerce Payment Providers

It’s no secret that eCommerce is booming. As consumers shift their spending online, more and more businesses are turning to the internet to sell their products and services. This has led to a rise in the number of payment providers available to merchants. Two of the most popular providers are Stripe and Bluesnap.

Stripe and Bluesnap are both payment processors that allow businesses to accept payments online. Stripe is a newer company, founded in 2010, while Bluesnap has been around since 2001. Stripe is available in 25 countries, while Bluesnap is available in 190 countries.

When it comes to pricing, Stripe charges a flat rate of % + $0.30 per transaction. There are no setup or monthly fees. Bluesnap charges a variable rate of % + $0.30 per transaction, with a $25 monthly fee.

Both providers offer a wide range of features, including support for major credit cards, debit cards, and popular payment methods such as PayPal and Apple Pay. However, Stripe is slightly more limited in terms of the number of currencies it supports.

Both Stripe and Bluesnap are PCI compliant, meaning they meet the security requirements mandated by the Payment Card Industry (PCI). This is important for businesses that process credit card payments.

Also, Stripe has an advantage when it comes to security. Stripe is Level I PCI DSS compliant, meaning that it meets the highest standards for data security. Bluesnap is Level II PCI DSS compliant, which is still a very high level of security.

So, which provider is right for your business? If you’re looking for a low-cost payment processing solution with a wide range of features, then Stripe is a good option. If you need support for 190 countries and want to be able to accept payments in multiple currencies, then Bluesnap is a better choice.