If you're comparing Stripe versus Shopify, the first thing to clarify is that these two tools–while both relevant to eCommerce businesses–don't do the exact same things.
When you set up Shopify, you're building a complete store with stock tracking, payment processing, and web content management features.
You'll also need to check out the Shopify policy generator to ensure all your bases are covered in data privacy compliance.
Stripe, in contrast, is an online payment provider that helps you deal with processing card transactions. In this article, we'll look at how the proprietary payment services stack up against one another.
What Are the Pros and Cons of Using Stripe for Online Payments?
Online stores with Stripe can accept every major credit or debit card, offer buy-now, pay-later options, process international transactions, and even permit bank transfers.
It's a useful option if you sell to a diverse customer base.
Advantages of Stripe
Various customization options with pre-built checkout templates, third-party integrations, and a range of developer tools
Transparent costs with a flat 2.9% charge per sale plus $0.30
A global reach with over 135 currencies supported
A 24/7 chat helpline with decent customer service, in addition to help via phone or email
Disadvantages of Stripe
Payment charges aren't the cheapest–Shopify is more affordable if you need a full eCommerce support system
Very tech-focused and not particularly easy to use if you don't have a developer on your team
In-person payments are tricky; the Stripe Terminal works easily, but the online features are much more user-friendly
Why use Stripe? It's the best option if you have your eCommerce site up and running and want a reliable payment processing system compatible with nearly all web software.
If you have a Shopify site and integrate Stripe, you'll pay transaction charges on both ends–Shopify levies a percentage fee for third-party payments–so we wouldn’t recommend mixing the two.
What Are the Pros and Cons of Shopify for Sales Transaction Processing?
The biggest positive for Shopify Payments is that it's 100% free if you have a Shopify storefront.
Every business user gets this tool automatically included, although you usually pay a $9 monthly charge, in addition to your subscription package, depending on which tier you choose.
Advantages of Shopify
Designed for small businesses, quick and easy to set up, and customizable with a range of templates and options
Prices are competitive, even if you need to pay for an add-on–costs on Shopify versus BigCommerce come out slightly cheaper with Shopify
Online support is great with chat line for every client, regardless of your subscription plan
Disadvantages of Shopify
Shopify isn't available globally, although it covers 17 countries
Shopify Payments is not available to non-customers–the service is exclusive to existing or new clients
It isn't as cost-effective to have a Shopify store with a third-party payment processor, because you'll be charged an extra transaction fee on top of your other costs
Why use Shopify? The eCommerce solution covers all the basics for most small to medium-sized businesses, from creating product listings, managing stock, and dealing with payments.
Although it's not a standalone transaction merchant, Shopify is designed to be user-friendly, and the overall costs tend to be lower than almost every competing option.