Stripe vs Skrill : Which is Better?

Stripe icon

Stripe

Stripe is a suite of APIs that powers commerce for businesses of all sizes. Developed by Stripe Inc.

License: Commercial

Categories: Business & Commerce

Apps available for Online

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Skrill icon

Skrill

Skrill (formerly Moneybookers) is an e-commerce business that allows payments and money transfers to be made through the Internet. Developed by Skrill

License: Freemium

Categories: Business & Commerce

Apps available for Online

Stripe VS Skrill

Skrill is more focused on international transactions and providing a user-friendly experience, making it suitable for personal users and small businesses. In contrast, Stripe offers a more robust API and advanced features for developers and larger businesses, making it ideal for e-commerce and subscription services.

Stripe

Pros:

  • Robust API for developers
  • Comprehensive fraud detection
  • Supports recurring billing
  • Good customer support
  • Flexible payment options

Cons:

  • Complex fee structure
  • Requires technical knowledge for integration
  • Not available in all countries
  • Longer settlement periods for some transactions
  • Less user-friendly for non-developers

Skrill

Pros:

  • Easy to use interface
  • Supports multiple currencies
  • Quick setup process
  • Good for international transactions
  • Offers a prepaid card for users

Cons:

  • Limited fraud protection features
  • Higher currency conversion fees
  • Less suitable for large businesses
  • Limited invoicing features
  • No chargeback protection

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