PayPal vs Stripe
Last updated: May 01, 2017
PayPal is an international e-commerce business allowing payments and money transfers to be made through the Internet. Online money transfers serve as electronic alternatives to paying with traditional paper methods, such as cheques and money orders. PayPal is the faster, safer way to send money, make an online payment, receive money or set up a merchant account.
Stripe is a suite of APIs that powers commerce for businesses of all sizes. Stripe is a developer-friendly way to accept payments online and in mobile apps. We process billions of dollars a year for thousands of companies of all sizes.
Latest news about PayPal and Stripe:
01.05.17. PayPal launched small biz toolset Business in a Box. PayPal launched a new service called Business in Box, aimed at bringing more U.S. small business owners to its payments platform. The service, which was developed in partnership with WooCommerce and Xero, offers merchants a suite of tools for running their online businesses, including an online storefront, accounting tools, the ability to apply for working capital from PayPal, and of course, support for taking payments either online or offline, via PayPal. Business in a Box is largely aimed at first-time business owners who already know what they want to sell and have a roadmap in mind, as well as at established offline businesses that want to make the move online.
18.04.17. PayPal teams up with Android Pay for mobile payments. PayPal and Google announced an effort aimed at allowing PayPal to expand its footprint both within mobile applications as well as at brick-and-mortar retailers. The partnership will see PayPal becoming available as a payment method in the Android Pay service, which will allow U.S. users to pay for things like Uber as well as at retailers like Walgreens, and restaurants like Dunkin’ Donuts and Subway. The integration in Android Pay will begin by allowing Android users to select their PayPal balance as a method of payment, but will expand to include the cards users have added to their PayPal account in the months ahead.
31.07.15. Payment processing company Stripe partners with Visa. Payment processing company Stripe is now valued at $5 billion following its latest round of financing. Besides, the company raised almost $100 million and inked a deal with Visa which will see the duo work together on a range of projects, including digital transactions and security. The company has been focused on growing its international footprint for some time, which is another reason it is teaming up with Visa. CEO and co-founder Patrick Collison told The New York Times that Stripe will lean on the payment giant’s international presence and know-how to expand its current coverage of 20 countries.
06.07.15. PayPal acquired international money transfer company Xoom. PayPal has acquired money transfer company Xoom for $890 million, a move that brings millions of international customers to the company. Xoom bills itself as "an international money transfer service" that allows people to send money across borders. Xoom recently expanded into China and Pakistan, and is popular in a variety of developing markets — an advantage that PayPal President Dan Schulman highlighted. The acquisition is PayPal's first major move since its announced split from eBay, a move investors had demanded. PayPal is expected to complete the separation later this year. Xoom will continue to operate as a separate company under PayPal.
10.06.15. Stripe released iPhone app for monitoring payment activity. Stripe, a service that companies can use to accept payments, has a new way for businesses to track purchases and user activity — an iPhone app. It does basically everything its existing online dashboard does, but brings it to an interface more suited for a mobile device. Businesses can also set up notifications for whenever a payment or purchase is made or set up a daily summary. Stripe’s iPhone application also has a search function. But a mobile application is naturally good to have around. For a business owner stuck in traffic in a taxi, Uber or Lyft (don’t look at your phone while driving, please), or riding some kind of public transportation, it’s a good way to get a quick update to what’s happening.
03.12.14. Stripe - the new king of online payment processing. Stripe, the ultra-hot payments processing service, has raised $70 million in funding at a $3.5 billion valuation. And this valuation has doubled in less than a year. Stripe was founded in 2010 with the goal of making it easier for businesses to process payments online. Now it helps power commerce services from big names in tech like Twitter and Apple. And it Stripe will power Facebook’s Buy button. "The vast majority of online transactions when we started were processed by this legacy infrastructure of banks and merchants," - says Stripe founder, Patrick Collison announced its previous funding round. "We don't really see anybody else approaching the problem the way that we do and thinking about building the platform of internet commerce."
01.10.14. PayPal will split from eBay in 2015. eBay and PayPal are going their separate ways, with the payments company moving out from under the eBay umbrella to form its own, publicly-traded company. The move is intended to help both businesses grow faster in their respective markets. The spin-out of PayPal is expected to be complete by the second half of 2015, provided all regulators sign-off on the agreement. Both companies will get new CEOs as part of the deal, with eBay Marketplaces President Devin Wenig taking over at eBay, and PayPal President Dan Schulman presiding at PayPal. eBay picking up PayPal was about trying to inject some energy into its instant buy, same-day delivery and curated storefront businesses, but with PayPal’s forays into mobile payments, including its Braintree acquisition and its One Touch system, the company is moving more and more towards in-person mobile transactions and away from online commerce.
30.09.14. Stripe will power Facebook’s Buy button. Stripe, the e-payments provider, will power the “Buy” button for Facebook users using the social network to shop online. The new button will allow users to buy goods featured in ads or posts. A Facebook spokesperson confirmed that Stripe is the sole Facebook payments partner behind ongoing tests of the new button. Stripe already has payments partnerships with Apple, Twitter and Chinese digital payments service Alipay. The company is partnering Apple for its new Apple Pay mobile payments service. Facebook has partnered other payments companies on different features, including PayPal's mobile payments unit Braintree.
24.09.14. PayPal allows merchants selling digital goods to accept Bitcoin. Earlier this month PayPal announced that its subsidiary unit, Braintree, will accept bitcoin via integration with Coinbase. And today PayPal is dipping its toes even more into the world of bitcoin. PayPal has entered into agreements with leading Bitcoin payment processors BitPay, Coinbase and GoCoin. Starting today, these agreements let PayPal digital goods merchants accept Bitcoin with a simple integration through the PayPal Payments Hub. This will be available to merchants in North America first. Though users still won’t be able to start stashing their bitcoin in their PayPal accounts, the news had an immediate impact on Bitcoin price - it now stands at around $450 - up more than 10%.
21.08.14. PayPal launches one-touch mobile checkout for apps. Last year, payment processing provider Braintree began offering a new one-touch payment service to mobile app developers that let their customers check out and pay using identity and financial credentials already stored in its Venmo wallet. Today Braintree’s new owners eBay is combining Venmo Touch technology with PayPal. So, app designers can now put a “PayPal Touch” button in their apps that will instantly authorize a mobile transaction. The idea is that you would no longer have to re-enter your credit card information at checkout or time of payment within these apps – it would be stored via the PayPal Touch service and recalled when needed.