Paytm vs Stripe

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Paytm vs Stripe: What are the differences?


Paytm and Stripe are both online payment processing platforms that enable businesses and individuals to accept payments online. However, there are key differences between the two that set them apart.

  1. Payment Options: Paytm is a popular digital wallet and payment service in India, offering a wide range of payment options including credit cards, debit cards, net banking, UPI, and Paytm Wallet. On the other hand, Stripe is a global payment gateway that supports credit card payments and online banking methods like Apple Pay and Google Pay.

  2. Geographical Availability: Paytm is primarily available in India and has gained significant market share in the country's digital payment industry. In contrast, Stripe is available in over 40 countries worldwide, making it a more suitable option for businesses with an international customer base.

  3. Integration and APIs: Both Paytm and Stripe offer robust APIs and developer-friendly documentation for easy integration with websites and mobile applications. However, Stripe is known for its extensive developer toolkit and flexibility, providing businesses with customizable payment options and seamless integration capabilities.

  4. Pricing and Fees: Paytm and Stripe have different pricing structures. While Paytm charges a transaction fee based on the type of payment method used and has additional fees for certain services, Stripe operates on a transparent pricing model with a fixed percentage fee per transaction. The specific pricing details may vary based on the region and specific services chosen.

  5. Mobile App Support: Paytm offers a dedicated mobile app, which is widely used in India for various digital payment needs, including mobile recharges, bill payments, and shopping. Stripe, on the other hand, provides mobile app support for businesses to accept payments on-the-go using a smartphone or tablet.

  6. Customer Support: Paytm provides customer support via chat, email, and phone, with specific support for merchants. Stripe also offers customer support through email, but they have a reputation for being less accessible and responsive compared to Paytm.

In summary, Paytm and Stripe differ in terms of available payment options, geographical availability, integration capabilities, pricing models, mobile app support, and customer support.

Decisions about Paytm and Stripe
Lucas Litton
Founder & CEO at Macombey · | 4 upvotes · 264.1K views

We use GoCardless to simplify the way clients and partners pay for our services. What intrigued us is the quick and easy ACH feature that gives our clients the option to log in with their bank account and shoot the funds directly to our account. The fee, compared to Stripe is less. Stripe and PayPal charge 2.9% + 30c and Stripe also forces the client to enter in all of their payment details manually and then if the payment doesn't work, the client has to try all over again. GoCardless charges 1% + 25c which is much more reasonable dealing with the large projects that we are currently working on.

We integrate GoCardless with Xero to easily send out quick invoices, receive the funds and track all revenue in one place.

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With COVID-19 looming over us, businesses are, more than ever, looking for ways to set up online payments.

And having recently gone through implementing both Stripe and GoCardless to get monthly subscriptions set up and automated on my company website, I felt there was no better time to write this blog post!

If you're currently looking at working with a Payment Gateway provider API, or you're currently working with one but are not a fan, are looking to automate things a bit more, or are just generally thinking about changing, then you should have a read of my latest blog post where I compare Stripe and GoCardless.

I compare APIs in depth, specifically the subscription checkout flow that both offer (they're very similar, with some BIG differences).

There are plenty of code examples on how to set it up in a Node.js environment and right at the end, I rate each API based on the following factors:

  • API ease of use
  • API documentation
  • Payment pages
  • Costs / fees
  • Security
  • Developer appeal
  • Customer experience
  • Free Trial

So feel free to check it out, and I hope you like it. Please leave any feedback as it is very helpful. Thanks!

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Stripe was made with developers in mind first so the extensibility of it is great! This makes it very easy for us to integrate and automate as much as we need with its APIs and SDK. It allows a lot of customization of exactly what we need to build our applications. They also manage all of our customers from a tax and accounting perspective which makes it easy from a business standpoint.

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Pros of Paytm
Pros of Stripe
    Be the first to leave a pro
    • 302
      Easy setup
    • 292
      Developer friendly
    • 248
      Well-designed api
    • 191
      Great documentation
    • 169
      Clear pricing
    • 75
    • 74
    • 63
      Full integration with webhooks
    • 43
      Amazing api
    • 38
      Great customer support
    • 11
    • 6
      Credit cards never hit your server - no pci worries
    • 5
      Recurring billing
    • 4
      No merchant account/gateway required
    • 3
    • 3
      Easy to integrate
    • 2
      Support for SCA (Strong Customer Authentication)
    • 2
      Fast UI
    • 2
      Great app
    • 1
    • 1
      Payments without own backend (using Stripe Products)
    • 1
    • 1
    • 1
      Great UI
    • 1
      So easy to use

    Sign up to add or upvote prosMake informed product decisions

    Cons of Paytm
    Cons of Stripe
      Be the first to leave a con
      • 4
      • 2
        CANNOT withdraw USD to a Canadian Bank Account
      • 2
        Does NOT have a currency conversion option like Paypal
      • 2
        They keep 25% of the income for 60 days

      Sign up to add or upvote consMake informed product decisions

      What is Paytm?

      It is a digital payments platform that allows you to transfer cash into the integrated wallet via online banking, debit cards, and credit cards, or even by depositing cash via select banks and partners.

      What is Stripe?

      Stripe makes it easy for developers to accept credit cards on the web.

      Need advice about which tool to choose?Ask the StackShare community!

      What companies use Paytm?
      What companies use Stripe?
      See which teams inside your own company are using Paytm or Stripe.
      Sign up for StackShare EnterpriseLearn More

      Sign up to get full access to all the companiesMake informed product decisions

      What tools integrate with Paytm?
      What tools integrate with Stripe?

      Sign up to get full access to all the tool integrationsMake informed product decisions

      Blog Posts

      Sep 29 2020 at 7:36PM


      PythonSlackG Suite+17
      Jun 19 2015 at 6:37AM

      What are some alternatives to Paytm and Stripe?
      PayPal is an online payments and money transfer service that allows you to send money via email, phone, text message or Skype. They offer products to both individuals and businesses alike, including online vendors, auction sites and corporate users. PayPal connects effortlessly to bank accounts and credit cards. PayPal Mobile is one of PayPal’s newest products. It allows you to send payments by text message or by using PayPal’s mobile browser.
      Razorpay is the only payments solution in India that allows businesses to accept, process and disburse payments with its product suite. It gives you access to all payment modes including credit card, debit card, netbanking, UPI and more.
      Amazon Pay
      It makes simple for millions of customers around the globe to check-in and checkout using information already stored in their Amazon account.
      JavaScript is most known as the scripting language for Web pages, but used in many non-browser environments as well such as node.js or Apache CouchDB. It is a prototype-based, multi-paradigm scripting language that is dynamic,and supports object-oriented, imperative, and functional programming styles.
      Git is a free and open source distributed version control system designed to handle everything from small to very large projects with speed and efficiency.
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