If you’re looking to accept online payments as part of your business, you’re likely to integrate a third party website to make a sale or keep your audience within your website to make online payments.

Choosing the right online payment service can be tricky—there are multiple options in the market with specific advantages and drawbacks. The two major players in the online payment service providers are Stripe and Braintree. They may seem to offer similar payment services, and there are few differences in terms of situations and payment gateways that would not work for your business. The blog aims to compare the two famous players in the marketplace where you can use what.

The payment processors like Stripe and Braintree provide a transparent, affordable, and flexible payment process to their customers and clients.

As many people today prefer using mobile wallets over hard cash, the businesses are moving towards integrating payment gateways into websites to facilitate smooth payment processes. Stripe and Braintree are predominantly used among SaaS companies, crowdfunding platforms, eCommerce businesses, and on-demand platforms.

If you’re starting with any one of these, let’s understand the online payment system and which one you can integrate for your online business.

What is a Payment Gateway?

Payment gateways are the authorized online payment services that help businesses perform credit or direct payments for e-commerce, online retailers, and other online marketplaces. The payment processors allow users to check for fraud and transaction history. Depending on the payment gateway providers, they charge a certain percentage of the payment as fees to offer these services.

It is essential to understand which one is best suitable for your business and how the payment gateways work. Here are some refined reasons why it’s vital to integrate payment processors on your website.

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