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Which Payment Processor Is Cheaper than Stripe and PayPal?

Which Payment Processor Is Cheaper than Stripe and PayPal?
prashanth
Prashanth28 February 2024

If you're a freelancer or a business owner working with international clients, you need an efficient and cost-effective payment processor for your global payments.

While PayPal and Stripe are popular payment solutions, they might not be the best fit for every business. Choosing the wrong payment gateway costs you money and your valuable time.

It's essential to be mindful of their drawbacks, including high transaction fees, substantial conversion charges, and regulatory complexities. 

The problem with Stripe or PayPal

Despite their widespread usage, Stripe and PayPal charge high transaction fees, typically ranging from 1% to 4% of the transferred amount, in addition to currency conversion fees based on the payer's country. This complex fee structure poses challenges in accurately estimating overall costs beforehand.

Moreover, for Indian merchants, obtaining Foreign Inward Remittance Advice (FIRA) documents from Stripe and PayPal can be cumbersome, often taking several days to process. These delays in FIRA document processing lead to transaction delays, causing frustration and potentially hindering business growth.

These collective factors can hinder your profitability and growth. Numerous users of these platforms for digital payments have reported experiencing payment delays.

Here are some excerpts from unsatisfied customers highlighting their experiences.

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Skydo: A cost-effective and more efficient alternative

Skydo is a cutting-edge international payment processor designed to streamline international transactions, offering you the best value for your money. It's designed to empower you to expand your business globally stress-free.

Save 50% on every international transfer
Receive from 150+ countries
Get global accounts
Zero forex margin