This article compares their features, pricing, and suitability for different types of startups.

Overview

Adyen is a Dutch company known for its comprehensive payment solution that spans across various channels and regions. It caters to large enterprises and high-growth businesses, providing a unified platform for managing online, in-store, and mobile payments.

Stripe, based in the United States, is celebrated for its developer-friendly approach and extensive range of APIs. Stripe has become synonymous with startups and small businesses looking to integrate seamless payment solutions into their platforms quickly.

Features

Adyen:

• Global Reach: Supports payments in 200+ countries and 150+ currencies
• Omnichannel Capabilities: Integrates online, mobile, and in-store payments into one system
• Advanced Fraud Protection: Utilises AI to detect and prevent fraudulent transactions
• Data Insights: Provides detailed analytics to help businesses understand customer behaviou
• Customisable Solutions: Tailors its offerings to meet the specific needs of large enterprises.

Stripe:

• Developer-Friendly APIs: Offers extensive documentation and support for easy integration
• Wide Range of Products: Includes Stripe Connect, Stripe Billing, and Stripe Radar, catering to various business needs
• Global Payments: Supports payments in 135+ currencies and operates in 40+ countries
• Subscription Management: Simplifies recurring billing and subscription-based services
• Open Source: Encourages community contributions, allowing for continuous improvement and innovation

Pricing

Adyen:

Adyen operates on an interchange++ pricing model, which includes:

• Transaction Fees: A fixed fee plus a percentage of the transaction amount, varying by payment method and region
• Monthly Fees: No standard monthly fees, but custom pricing for large enterprises
• Additional Services: Charges for optional services like advanced fraud protection and detailed analytics

Stripe:

Stripe uses a flat-rate pricing model:

• Transaction Fees: 2.9% + 30¢ per successful card charge in the US. International cards and currency conversion incur additional fees
• No Monthly Fees: Standard services come with no monthly subscription
• Custom Pricing: Available for businesses with large payment volumes or unique business models

Suitability

Adyen is ideal for large enterprises and businesses with complex payment needs across multiple channels and regions. Its advanced fraud protection and detailed analytics make it suitable for companies looking to optimise their payment processes and gain deeper insights into customer behaviour.

Stripe is well-suited for startups and small to medium-sized businesses that prioritise ease of integration and flexibility. Its extensive range of APIs and developer-friendly approach enable quick implementation and scaling, making it a favourite among tech-savvy entrepreneurs.

Conclusion

Both Adyen and Stripe offer powerful payment solutions, but their strengths cater to different types of businesses. Adyen’s comprehensive, omnichannel capabilities make it a preferred choice for large enterprises with global operations. In contrast, Stripe’s developer-centric design and straightforward pricing appeal to startups and SMEs looking for quick and scalable payment integration.

Ultimately, the choice between Adyen and Stripe depends on the specific needs and priorities of your startup. By carefully considering these factors, you can select the payment processor that best aligns with your business objectives.