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Stripe vs Zoho Subscriptions: What are the differences?
Introduction
Stripe and Zoho Subscriptions are both online payment processing platforms that can be used to manage subscriptions and recurring payments for businesses. While they have similar functionalities, there are some key differences between these two platforms.
Pricing Model: Stripe offers a pay-as-you-go pricing model, where users pay a transaction fee for each successful payment. On the other hand, Zoho Subscriptions has a tiered pricing model based on the number of customers and features, offering different plans with fixed monthly fees.
Integration Ecosystem: Stripe has a vast integration ecosystem with various third-party services, including popular e-commerce platforms, accounting software, and more. This allows businesses to connect Stripe with their existing tools easily. Zoho Subscriptions, although it offers some integrations, has a more limited ecosystem compared to Stripe.
Payment Methods: Both Stripe and Zoho Subscriptions support major credit and debit cards. However, Stripe also supports alternative payment methods like Apple Pay, Google Pay, and various local payment methods, making it more versatile in terms of payment options. Zoho Subscriptions, on the other hand, offers fewer alternative payment options.
API and Customization: Stripe provides a powerful and developer-friendly API, allowing businesses to have more control over the payment process and customize it according to their specific needs. Zoho Subscriptions also provides an API but offers limited customization options compared to Stripe.
Invoicing and Tax Support: Stripe offers a comprehensive invoicing system, allowing businesses to generate and send customized invoices to customers. It also provides built-in tax calculation and management features. Zoho Subscriptions also offers invoicing capabilities, but the invoicing system is more basic compared to Stripe's. Tax support in Zoho Subscriptions may require additional integrations or customization.
Customer Portal: Stripe provides a customer portal where customers can manage their subscriptions, update payment methods, and view past invoices. Zoho Subscriptions also offers a customer portal but with fewer customization options compared to Stripe.
In summary, Stripe offers a more flexible pricing model, broader integration ecosystem, support for a wider range of payment methods, more robust API and customization options, comprehensive invoicing and tax support, and a feature-rich customer portal compared to Zoho Subscriptions.
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.
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!
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.
Pros of Stripe
- Easy setup302
- Developer friendly292
- Well-designed api248
- Great documentation191
- Clear pricing169
- Secure75
- Reliable74
- Full integration with webhooks63
- Amazing api43
- Great customer support38
- Easy11
- Credit cards never hit your server - no pci worries6
- Recurring billing5
- No merchant account/gateway required4
- BitCoin3
- Easy to integrate3
- Support for SCA (Strong Customer Authentication)2
- Fast UI2
- Great app2
- Beautiful1
- Payments without own backend (using Stripe Products)1
- Connect1
- Checkout.js1
- Great UI1
- So easy to use1
Pros of Zoho Subscriptions
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Cons of Stripe
- Connect4
- CANNOT withdraw USD to a Canadian Bank Account2
- Does NOT have a currency conversion option like Paypal2
- They keep 25% of the income for 60 days2
Cons of Zoho Subscriptions
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What is Stripe?
What is Zoho Subscriptions?
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