Last month, we announced on LinkedIn that we had recently made the switch from PayPal to Stripe, and we could not be happier with our decision.
Look, we feel no ill will toward PayPal, as they helped us get this business built from the ground up, but the reality is that there are many limitations with their plugin on WooCommerce. Yes, PayPal is the giant that really helped businesses be able to run e-commerce stores, but they have failed to do one thing over the past couple of years… adapt.
There is no question that PayPal is the foundation that all these other merchant payment providers have modeled their businesses after, but they are just that, a model.
PayPal knows they do not have to make adjustments because they are going to seemingly always have people on their platform. However, if enough people decide enough is enough, maybe they will decide to adjust to the times.
Now look, this is not meant to be a bash fest on PayPal, so we will leave it at that and get into the reasons we considered when making the jump from PayPal to Stripe, and why we saw Stripe as a much more viable option for our business.
There are probably more reasons than this that people can come up with when it comes to comparing Stripe to PayPal, and the reasons may tilt in either one’s favor.
That said, however, we felt strongly enough through these seven comparisons to make the jump to Stripe, and so far it is working wonders for us. The checkout process is much smoother and quicker, and we strongly believe this seemingly simple change can help take us to the next level.
At the end of the day, when considering between Stripe and PayPal, there may be a world of comparisons for you to go through, and PayPal might even come out on top. But, we did want to take this opportunity to share our experience and our thoughts when making the decision to switch from one checkout merchant to another.