Is Skydo cheaper than Stripe

Stripe, a popular payment gateway, charges percentage-based processing fees plus currency conversion markups for international transactions. The costs typically range from 4% to 6% per transaction, depending on the payment method and currency conversion rates. This makes it a suitable choice for product-led or e-commerce businesses that need to accept retail credit cards, digital wallets, or automated global subscription checkouts from end consumers (B2C).

However, for businesses receiving B2B international wire payments, a platform with a flat-fee structure per transaction and zero forex markup could be more cost-effective. Such platforms are often preferred by B2B service providers, IT companies, SaaS exporters, and freelancers receiving direct wire transfers or high-value invoices from international clients. They also provide automated compliance support like free FIRA (Foreign Inward Remittance Advice).

It's important to consider the specific needs of your business when choosing a payment platform. The best choice will depend on factors such as the nature of your transactions, the volume of your invoices, and your compliance requirements.