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Stripe vs PayPal, Which One Is Better for a Freelancer?

August 27, 2021

Freelance jobs are becoming more and more popular every day. With every new option and opportunity, many people try to find the best method of payment for their services. It’s not easy to decide which payment method is the best for freelancers. Since plenty of online banking cards can be expensive to use all time, it’s important to choose the right bank. Even business owners tend to make arrangements to make sure their clients get their money with ease. That is why many freelancers wonder about the best payment method and the service that will suit them as well as their clients. That is why we are posing the question of which platform is better for a freelancer – Stripe vs PayPal. Find out more about the services and options these platforms offer and you will be able to choose which option is the best one for you.

How to choose the best service?

Most freelancers wonder about the best platform that is easy to use when working as a freelancer. When comparing Stripe vs PayPal, you should consider all the factors that may affect your decision. It is best to do your research to make sure that the platform you use is the best option. In some cases, the option better for a freelancer is not the best option for most. 

As we all know, freelancers work after agreeing on a project or multiple projects. No matter if you are receiving a paycheck for one project or working for a company on multiple projects, you should make sure you are choosing the safest option to get your earnings. Choosing the best service may depend on many factors like:

  • The safety. The safety of your transactions should be one of the determining factors when choosing the paycheck platform. Working as a freelancer, you may need to decide between the two top competitors like PayPal and Stripe. When it comes to safety reasons, you should make sure you read up the fine print before sharing your personal information.
  • Your needs. Depending on your personal needs and your payment schedule you should decide on the best platform for getting your paycheck. In case you are not receiving money on a regular basis, you may need to save up as much as you can on fees.
  • The transfer speed. In case you don’t get paid regularly you may need to consider all the transfer costs as well as the speed of the money transfers. When deciding between Stripe vs PayPal, make sure you know how much time takes for each option to conduct a complete money transfer.

Stripe vs PayPal?

When deciding which money option is the best option for your needs, consider researching your two options. PayPal is the money transfer option quite user-friendly. On the other hand, the Stripe option is also quite easy to use. If this factor is not determining one, consider the number of transfers you will be making. In case you are running a company and offering services, Stripe is the better option. On the other hand, if working as an individual, PayPal may be the best option for you.

Stripe vs PayPal – pros and cons

Stripe vs PayPal is the most important question when it comes to working successfully as a freelancer. You will need a quality platform to perform your transactions. When it comes to PayPal you may do your research. If you don’t mind paying for this service, PayPal might be a good option. However, this is the part that might put most people off. On the other hand, Stripe services are free. 

The next factor you should consider when choosing between Stripe vs PayPal is the fees you will have when using the services. According to the official research, PayPal is costlier. When it comes to transaction fees, Stripe is the cheaper option. However, the transactions are instant. Both options are perfect when it comes to transactions and the timing of transfers. Each option is quite safe. Each company you are considering has the best protection options in place for its users. When it comes to safety concerns, PayPal and Stripe both have exceptional safety features to maintain stability and safe transactions.

What is the best e-commerce option when owning a business?

Small businesses and small companies usually choose Stripe for e-commerce purposes. Stripe offers numerous options and development tools you can change depending on your needs. Everyone qualified in basic programming can change the layout of the application a bit to make it more adjustable to your company’s needs. On the other hand, when it comes to paying your clients, you can use both PayPal as well as Stripe.  

Deciding if Stripe vs PayPal is the best option for your company, consider reading the fine print of each contract between agreeing to the terms. Make sure you know all the details before you decide on the money transaction platform for your company. It is clear that these two money transferring platforms offer different options to their users. Most companies use Stripe as the best money transfer option. On the other hand, PayPal is the common choice for individuals who are receiving money as freelancers. 

Customer support options

Each money transferring platform provides a customer service option. As PayPal and Stripe are quite popular, there is a need for customer support at all times. PayPal is the platform that offers a customer support panel, forum option to discuss the desired topic as well as live chat. On the other hand, Stripe offers a live chat option as well as a phone connection to a live operator. PayPal also offers a lot to its users but many comments that getting customer support is sometimes frustrating and hard. 

It goes without saying that professional customer service is similar to both companies. Also, clients from all around the world post different comments about the customer support of each service. If customer support is your determining factor when choosing between Stripe vs PayPal, make sure to read user reviews before making your final choice.

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