Business News Daily provides resources, advice and product reviews to drive business growth. Our mission is to equip business owners with the knowledge and confidence to make informed decisions. As part of that, we recommend products and services for their success.
We collaborate with business-to-business vendors, connecting them with potential buyers. In some cases, we earn commissions when sales are made through our referrals. These financial relationships support our content but do not dictate our recommendations. Our editorial team independently evaluates products based on thousands of hours of research. We are committed to providing trustworthy advice for businesses. Learn more about our full process and see who our partners are here.
Updated Aug 15, 2024
Stripe vs. Authorize.net: Credit Card Processing Comparison
This comparison guide reviews the similarities and differences between Stripe and Authorize.net and how each credit card processor measures up in terms of price and features.
Written By: Jamie JohnsonBusiness Operations Insider and Senior Analyst
Editor Reviewed:
Editor Reviewed
This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision.
Sandra Mardenfeld
Business Operations Insider and Senior Editor
Business News Daily earns compensation from some listed companies. Editorial Guidelines.
Table of Contents
No matter what type of business you run, the ability to accept online payments in a variety of methods, like credit and debit cards, electronic wallets and prepaid cards, is crucial. The best payment processors allow you to do just that by collecting financial data from the customer, verifying that information with the bank or payment provider and processing the transaction.
A full payment processing system needs a payment processor, a payment gateway and a merchant account. Some payment processing services, such as Stripe, offer an all-in-one solution while others only offer one of these elements. Authorize.net, for example, is a top payment gateway service, but it doesn’t offer the other components. We’ve compared Stripe and Authorize.net to help you decide which online payment processor is best for your business.
Stripe vs. Authorize.net Compared
Criteria
Stripe
Authorize.net
Plans and pricing
Stripe offers two plans with no monthly fees.
Online transaction fees are 2.9% plus 30 cents.
In-person fees are 2.7% plus 5 cents.
There are separate fees for additional services.
Authorize.net has three plans, all with a $25 per month fee.
The All-in-one plan will pair you with a merchant account partner.
All-in-one fees are 2.9% plus 30 cents; payment gateway-only fees are 10 cents per transaction.
Most additional services are included without extra fees.
Payment features
Stripe provides a payment gateway and a merchant account.
You can accept over 100 payment methods.
Stripe can process payments from 195 countries in 135 currencies.
Developer tools let you customize your checkout process.
Authorize.net is solely a payment gateway service.
You can accept all major credit cards, e-checks, Apple Pay and PayPal.
You can accept international payments, but only in United States or Canadian dollars.
Ease of use
Stripe is relatively straightforward to use, but customization might require developer help.
The service is easy to use, even if you need to be paired with a merchant account.
In-person payments
Stripe sells card readers and point-of-sale (POS) devices from $59 to $349.
Tap to Pay can be activated on a mobile device for 10 cents per transaction.
In-person and online rates are the same.
Card readers must be purchased from a third party.
There’s no Tap to Pay function.
Additional services
Stripe offers many additional services but most include a separate fee.
You can integrate with hundreds of business solutions.
Authorize.net offers a few additional services, like a customer information manager suite, invoicing and recurring payments, for no extra charge.
External integrations are available with nearly 150 providers.
Support
There are three service plans, but pricing isn’t listed.
All plans get 24/7 live phone, chat and email support.
Online articles are available to troubleshoot common issues.
Authorize.net provides 24/7 phone and chat support.
You can also open a support ticket.
The website includes articles and a blog to help you use the platform.
Who do we recommend Stripe for?
Stripe lets you create custom payment pages that match your brand with access to over 100 payment methods. Source: Stripe
Stripe is an all-in-one payment processing service that includes a merchant account, payment gateway and payment processor. It is an ideal choice for online businesses that want a straightforward, complete solution to accept various mobile or online transactions. For businesses with a global customer base, Stripe is especially adept at handling international transactions.
No matter how your customers pay, fees are low. It’s also fairly customizable, thanks to its modifiable application programming interface (API) and toolkit, so your payment screens align with your branding. Stripe provides card readers, POS devices and a Tap to Pay function, making it a great choice for businesses that have a physical presence.
Ultimately, Stripe is a great choice for tech companies or more developed online enterprises that want flexible payment solutions, especially if you don’t already have some kind of payment-related service setup. It’s also a better choice if you’re looking to get your e-commerce business up and running immediately.
Here are some of the main benefits of using Stripe:
It’s a full-fledged payment service provider that includes a merchant account.
It accepts over 100 payment methods, including mobile payments.
You can process payments from 195 countries in 135 currencies.
It includes options for POS and card readers.
You can customize various aspects of your POS or checkout system.
Who do we recommend Authorize.net for?
Authorize.net’s simple dashboard makes it easy to accept payments, manage transactions and send invoices. Source: Authorize.net
Authorize.net is a much simpler payment gateway service and its service offerings are more limited than what Stripe provides. But it’s a great option if you’re looking for something to integrate with your existing e-commerce platform and have an existing merchant account. If you do need a merchant account, the company can connect you to one of its partnered providers.
We found that Authorize.net is easier to understand and integrate from start to finish. Because you’re not tied to a merchant account, if you decide to switch, you can still keep using Authorize.net. This makes it a great choice for businesses that prioritize simplicity and flexibility, especially those with a growing sales volume looking to shop around for lower credit card processing fees.
Businesses that need to send a lot of invoices or are subscription-based might save money with Authorize.net as it offers recurring billing and invoicing features at no extra cost. It also includes excellent fraud detection tools and 24/7 customer service.
Here are the main benefits of using Authorize.net:
It provides an exceptional payment gateway service that is easy to use.
It includes extra features at no cost, such as automatic recurring billing and customer information management.
It can set you up with one of its partnered merchant accounts and payment processing service providers.
S.-based businesses can accept U.S. dollar payments from around the world.
Are you still on the fence about which service is best for your business? Let’s go into more detail about these comparisons.
Plans and Pricing
Stripe
Stripe offers one plan with transparent, set fees and another with custom pricing.
Online transaction fees are 2.9% plus 30 cents.
Other services cost an additional fee per transaction.
Stripe only offers two plans: Standard and Custom. Standard is the ideal choice for most companies because it includes everything you need to begin accepting online payments. There are no monthly or hidden fees- you only pay the credit card processing fees when you accept payments. The Custom plan is better for enterprise companies with large payment volumes that need custom payment options.
We love that Stripe’s processing fees are affordable and transparent. Stripe offers a ton of services with distinct fees, but we think these prices are most relevant to small businesses:
Online transactions (Payments):9% plus 30 cents
In-person transactions (Terminal):7% plus 5 cents
International cards: Plus 1.5%
Manually entered cards: Plus 0.5%
Currency conversion: Plus 1%
Tap to Pay: Plus 10 cents
Custom checkout domain: $10 per month
Chargebacks: $15
Invoicing: Plus 0.4%
Rates for the Custom plan vary but expect to get a volume discount. Stripe also offers a $59 card reader and POS terminals for $249 or $349.
Authorize.net
net has three plans, each with a $25 per month fee.
If you don’t have a merchant account, Authorize.net will pair you with one.
The All-in-one plan transaction fee is 2.9% plus 30 cents.
Authorize.net offers three plans, all with a monthly fee of $25. There are no contracts, setup or cancellation fees. Each plan sets you up with Authorize.net’s payment gateway and gives you access to features like digital invoicing and recurring payments. The All-in-One plan is for businesses that don’t already have a merchant account as Authorize.net will pair you with one of their partners for this service. The other plans are for businesses that already have a merchant account.
Here’s how the three plans break down:
All-in-one
Payment gateway and e-check
Payment gateway
Monthly fee
$25
$25
$25
Processing rate
2.9% plus 30 cents
e-Check: 0.75%
Credit card: Plus 10 cents
Daily batch fee: 10 cents
Credit card: Plus 10 cents
Daily batch fee: Plus 10 cents
While Authorize.net charges competitive fees, the flat monthly plan rate can make it a bit pricier than the competition. However, you can get access to Authorize.net as a payment gateway through a package deal when signing up for a merchant account and you may end up paying less than if you go through Authorize.net’s sign-up page.
Best Plans and Pricing
Stripe
Stripe has the slight edge when it comes to pricing. Although both charge the same rate for online transactions, Stripe gives the option for additional products. Unlike Authorize.net, Stripe doesn't charge monthly fees.
Payment Features
Stripe
Stripe is an all-in-one service with a payment gateway and merchant account.
You can accept over 100 payment methods and 135 currencies.
You can customize your checkout process with APIs.
Stripe comes with a payment gateway, merchant account and payment processing abilities. You can start accepting customer payments immediately and Stripe accepts over 100 payment methods, including payment links and a variety of mobile wallets. Plus, the company offers tools ─ like a custom user interface toolkit and API, letting you customize various aspects of your marketplace and checkout process.
We appreciate that through third-party apps, Stripe lets you offer your customers the possibility to pay later in installments. The service also excels at helping your business gain a global reach by accepting payments from 195 countries in 135 currencies, including popular local payment methods.
Authorize.net
net only offers a payment gateway.
You can accept major credit cards, Apple Pay, PayPal and e-check.
You can only accept payments in U.S. and Canadian dollars.
Authorize.net only includes a payment gateway, but the company can connect you to one of its partners if you need a merchant account or payment processor. Aside from its basic payment gateway service, Authorize.net offers a simple checkout solution, invoicing controls and automated recurring billing.
You can accept credit cards from all major companies, Apple Pay, PayPal and e-check. You can also send payment links and quick response codes. Authorize.net isn’t as powerful for international payments as Stripe. Businesses located in the U.S., Canada or Australia can accept payments from anywhere in the world. However, U.S.-based companies can only receive payments in U.S. and Canadian dollars.
Best Payment Features
Stripe
Stripe, because it's an all-in-one solution with more features and tools than Authorize.net. It accepts more payment methods and makes it easy to accept global payments.
Ease of use
Stripe
Stripe is a straightforward platform.
Customization might require developer help.
Stripe’s user interface and dashboard are both well designed. However, if you want to maximize this payment service provider’s toolkit, it’s best if you are comfortable using the developer API and in-depth controls. To fully customize your checkout process, you may need to hire a freelance developer, but what the complexity on your end will be worth it for the seamless buyer experience Stripe provides your customers.
Authorize.net
net is easy to get up and running.
Pairing with a merchant account is painless.
Merchant account approval times vary.
Authorize.net is much easier to use and set up. The service easily integrates with your existing merchant account or payment processing service. Additionally, if you want to be set up with one of its partnered payment processors for merchant accounts, the company can walk you through the process.
The only downside is that Authorize.net cannot guarantee how long a new merchant account might take to grant approval. You might be able to start taking payments within the hour, but you also might need to wait a few days.
Best for Ease of Use
Authorize.net
Authorize.net is the winner for usability as Stripe’s wider range of tools and customizations has a steeper learning curve and could require external developer help. Authorize.net is straightforward to use and merchant account providers might even offer setup assistance.
In-person Payments
Stripe
Processing rates are cheaper for in-person transactions.
You can get a range of hardware from $59 to $349.
Stripe lets you activate Tap to Pay on your mobile device for a fee.
Even without a card reader, Stripe lets you accept in-person payments with Tap to Pay or by manually entering card information. Source: Stripe
Stripe offers multiple ways to accept in-person payments, and the rate is less than for online payments at 2.7% plus 5 cents. For businesses that don’t want to spend a lot on hardware, you can download Stripe Terminal to your mobile device to accept mobile payments and for an additional $0.10 per transaction, enable it to accept contactless payments. Stripe also offers a card reader for $59 and two handheld smart readers for $249 and $349.
Authorize.net
You’ll pay the same rate online and in person.
Hardware must be purchased through a third party.
Tap to Pay functionality isn’t available.
Authorize.net charges the same rate for all payments, which makes it a more expensive choice if you plan to take payments in person. It doesn’t offer any of its own card readers or POS devices, but Authorize.net’s homepage does link to a third-party seller that offers a compatible card reader for $189. We were disappointed that Authorize.net doesn’t offer Tap to Pay functionality as it can help businesses save money while processing in-store payments.
Best for In-Person Payments
Stripe
Stripe offers more ways to accept in-person payments and at a lower price than Authorize.net. As Authorize.net isn’t a full-service solution, such as Stripe, you might have to shop around to find the right hardware, but that means you could find a deal. However, we would have liked to see Tap To Pay included.
Key Takeaway
Processing in-person payments right from your mobile device can save your business time and money. Despite the mobile card processing myths you might have heard, it's a safe and secure way to accept payments.
Additional services
Stripe
Stripe offers a number of services for additional fees.
You can get reporting, fraud monitoring, verification and tax calculation.
Stripe integrates with hundreds of other solutions.
Stripe offers a wide array of services beyond its payment processing features. For instance, Stripe Sigma is an advanced reporting system you can access from the main dashboard. There’s also Radar, a fraud monitoring tool that allows you or other merchants to review and override transactions. Stripe can verify customer identities and bank accounts and also automatically updates credit card data in your customer vault to ensure that subscriptions are current.
Stripe has tools to make invoicing painless and features to automate tax calculations and collection, even globally. We especially love that Stripe lets you issue custom-branded cards and implement a climate-forward policy by directing a percentage of your revenue to carbon removal. Plus, Stripe has tons of possible integrations, including Zoho CRM, Xero, Constant Contact and Stockify.
Authorize.net
The service includes a customer information manager suite for no extra charge.
Invoicing, fraud detection and recurring payment features also come with your plan.
You can integrate with almost 150 different business products.
Authorize.net makes invoicing a breeze and you don’t have to pay any extra fees. Source: Authorize.net
Authorize.net offers a handful of services beyond its basic payment gateway. That includes a full customer information manager (CIM) suite, where you can store customer information and pull it up at any time. This could be helpful for employees at your brick-and-mortar store or allow you to access sensitive information online. Plus, you can connect Authorize.net with nearly 150 external integrations, like Commerce Sync and Chargify.
You can also process e-checks, send invoices, accept recurring payments, update credit card information automatically with Account Updater and get advanced fraud detection. The advanced fraud detection suite is included for free with your account and comes with 13 filters you can customize to block fraudulent transactions. Account Updater and e-check processing cost extra.
Did You Know?
When payment fraud takes place, businesses can face losses of up to four times the amount of the fraudulent transaction. Both Stripe and Authorize.net offer excellent fraud detection to help protect your business.
Support
Stripe
There are three support plans, but you’ll have to call for pricing.
All customers get 24/7 email, chat and phone assistance.
The website has a ton of useful articles.
Stripe provides customer support via three plans, but you’ll have to contact sales to see how much they’ll cost you. No matter the plan, you can get assistance through three major channels ─ email, live chat and phone. You can take advantage of 24/7 support, and the live chat response usually only takes a couple of minutes. You’ll also benefit from an extensive knowledge base with a ton of articles to help troubleshoot any issue that might arise. We especially love that there is a separate section for assistance with APIs and software development kits. Premium support plans include personalized insights and recommendations.
Authorize.net
Every plan includes 24/7 chat and phone support.
You can open support tickets if needed.
There’s a searchable online article database and a blog.
Authorize.net offers a 24/7 support center, which you can contact via online chat or by phone. You can also open a support ticket if you have a more complex question or if a customer service representative isn’t immediately available to help you. You can also search the online support center for articles to help troubleshoot common problems. Authorize.net also runs a blog that covers information on running a business and customer success stories.
Winner: Tie
You’ll get great customer support from both Stripe and Authorize.net. We like that you can reach out to either around the clock and that both provide help with online articles and tutorials for when you can’t get in touch.
Stripe vs. Authorize.net Recap
Choose Stripe if:
You need an all-in-one solution with a merchant account, payment processor and payment gateway
You want your payment processing service to be customizable.
You’re looking for an affordable solution for accepting multiple payment methods online, in person and internationally.
Choose Authorize.net if:
You already have a merchant account and need a payment gateway.
You need an easy way to start accepting customer payments immediately.
You’re looking for a solution that lets you accept recurring payments and send invoices at no extra cost.
FAQs
Authorize.net is like Stripe in that both of these services offer payment gateway solutions for e-commerce business owners. They also include tools like security and billing features. Plus, both of these services are easy to integrate with third-party business solutions.
Stripe isn’t the best payment gateway for everyone. It is a great payment gateway for online companies or for businesses that accept various types of mobile payments.
No, you can’t use Authorize.net with Squarespace, because Squarespace doesn’t allow anyone access to its back-end code. So, third-party payment gateways, such as Authorize.net, can’t be connected to this platform.
Yes, Authorize.net is worth it if you already have a merchant account and want a relatively affordable, easy-to-use payment gateway service.
Yes, Authorize.net is a reputable payment gateway provider and subsidiary of Visa with decades of experience. It takes security seriously and offers stellar fraud protection.
Did you find this content helpful?
Thank you for your feedback!
Share Article:
Written By: Jamie JohnsonBusiness Operations Insider and Senior Analyst
For more than five years, Jamie Johnson has been guiding business owners on financial matters both big and small. This includes investment advice, insights on business loans and funding options, recommendations on insurance and more. Johnson excels at delivering easy-to-understand direction so entrepreneurs can make the best financial decisions for their businesses and, as a solopreneur herself, she regularly tests business strategies and services.
At Business News Daily, Johnson covers financial services like payroll processing and credit card processing, as well as topics like business liabilities, peer-to-peer lending, accounting standards and more.
Johnson's expertise can also be found in a variety of finance publications, including InvestorPlace, Credit Karma, Insurify and Rocket Mortgage. She has also demonstrated a deep understanding of other B2B topics — including sales, payroll, marketing and social media — for the likes of the U.S. Chamber of Commerce, U.S. News & World Report, CNN, USA Today and Business Insider.