Stripe vs Paypal: Which is BETTER to Receive Payments Online (Online Payment Systems)

So you're ready to receive online payments in your business but now the question is, which is better from these popular online payment systems? Stripe vs Paypal? I have experience with both in my business, so in this video, I will share with you what I use as my payment gateway as well as which system I use to receive online payments for my coaching, courses, and payment plans.

For some context, I used to have a totally different merchant account that was connected to Infusionsoft back in the day, I thought I had the best fee structure but turned out I was wrong. So I wanted to switch to something more friendly and easy to use.

The first and most obvious choice is Paypal. I was worried about PayPal fees for receiving money, but I quickly realized that the fees were pretty much exactly the same as Stripe, another popular payment processor.

Paypal vs Stripe: Which is better? Well, there are pros and cons to each. I do however use ONE of them to process about 80% of my online payments. It allows me to accept credit cards on my website and get more sales.

Here are some other videos where I talk about similar topics:

#makemoneyonline #paymentsystems #onlinebusiness

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I'm Kamila Gornia, business coach and marketing strategist. I am the founder of Heart Behind Hustle, an education and coaching company for impact-making entrepreneurs who want to grow and scale their business online through aligned marketing strategies that can turn your brand into a movement.

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[heartbehindhustle]

What do you use in your business? Stripe or Paypal?

[kWithnoVideosChallenge-hsyn]

PayPal limits and holds the funds of Countless of people every day out of the blue for their so called "suspicious activity", most of the time they hold it for 180 days(6 Months) and their customer support is nearly useless so overall they're the worst payment processors especially for Small Business owners.

[ClaraEaton]

Found you because FUND ARE ON HOLD in PayPal and it's super frustrating...came here to see which is better! My goodness, thanks for your honesty!

[StonedViper]

Hi, I run Aussie Bow Strings, and I use Paypal, and have just set up stripe (still integrating to my website) but at 7:00 in the video, you mentioned about Paypal doing the dirty and holding money... That has happened to me. They held my money for 2 weeks AFTER the customer had already received the item (6 weeks of holding since the purchase was made, before Paypal released the payment to my account) Which meant I had to pay for shipping myself, which is something I rely on the customers payment for, wait 4 weeks for international shipping, then another 2 weeks the customer had the item, before I had received the payment... That is something that Paypal needs to change

[hussamahmed]

I am really astonished by the number of people in the comment section talking about their funds been held by PayPal, I thought this only happens to people from third world countries, it is really unacceptable to put people's money on hold for ridiculous reasons, I am using PayPal business for a while with no problems, however, I still receive small amounts of money, but who knows what happens when I start receiving thousand and more in the future.
I should consider using Stripe as soon as possible before a disaster occurs.

[DualCoreMallu]

Really helpful 🤩

I created a PayPal account when I was under 18 just out of curiosity. And now when i really wanted to use it, i submitted my PAN card for completing the KYC and got screwed. They limited my account cus i opened the account when i was under aged. And now after contacting for a long time they gave the privilege to use the same banking credentials on a new paypal account 😑. Still ill have to create a new email id to start with.

Stripe feels cool no headaches.

[veronicaarboleda]

I currently use PayPal Business and if I make anything over $1, 000/month they hold the funds for a few weeks unless I mark work completed then it takes about 5-7 days to recieve it. 🤨 So frustrating to not recieve funds right away. Thank you for doing this video. Switching over to Stripe for larger payments.

[oceansep]

Your color theme from background lighting, walls right down to makeup is great, everything works. Btw great comparison of the two portals.

[ocinidolegna]

they (paypal) still hold funds! i would get small donations but once i sold something for just 20 dollars they said it was suspicious!! and i couldnt get my money until 6 months later. they blacklisted my house as well because i had a family member try to make a paypal and it automatically said their account wouldnt be able to receive payments. absolutely ludicrous 😠

[brianthesewingmachinetechn]

I've had Paypal hold money more than once. The strange this is that they make the buyer confirm receipt of the merchandise before they'll release the funds, but what if the buyer is dishonest? I'm currently doing some work for another business, and they're using Paypal, so that's how I stumbled upon your video.

[frugaldude]

This is the first video of yours I watched and I love your energy!! You made very solid points on the differences between both. Yeah stripe makes more sense for coaches, etc. Thank you! 🙏

[MonsterFamm]

I have had PayPal hold $100 for over 2 months. I actually hate PayPal but thank you for sharing!

[emmanuelnanang]

Hey it would have been nice if you talked about the fees/rates, which is one of the most important thing. Helpful video thank you

[techiegirl]

We use stripe its way more professional and isn't that amateur hour looking processor. I always think of bored housewives and PayPal but I take stripe merchants more seriously

[px]

As a developer paypal is a nightmare for me the api docs are so outdated

[Naganesan]

Great ! Thank you for the valuable information 🔥 .Your content is unique from others and you very helpful ☺️ Thanks

[daniel_burrell]

I just opened a Stripe account this year for my coaching business and Stripe is currently holding hostage over $19, 500 of our funds because we were too successful for their automatic fraud detection algorithm. Stay away from Stripe if you can because their terms literally allow them to cancel the services agreement AT ANY TIME FOR ANY PURPOSE. After raising disputes over the phone and email with Stripe and then launching a Better Business Bureau complaint resolution process, I was able to refund half my customers within 30 days, but my account is permanently disabled without cause and over $10, 000 is being held hostage for 120 days “in case of dispute or refund” despite customers confirming that all charges were fully authorized. We will never use Stripe again.

[marion]

Does the first pay out on STRIPE, how long is it for them to deposit the money into my account, And is it like that each time or just the first time? Sorry I’ve many questions

[artxcortez]

PayPal only works in the favour or the buyer not the seller. The buyer can file a chargeback everytime.

[Frovael]

I'm still hearing that Paypal doesn't only hold someone's funds for months, but when you fineally could back your money, you still don't get it because they "use it as combination for the trouble you caused". It's messed up. I'm trying so hard to find a way to safely start commissions but god it's hard.