Stripe vs PayPal: which is best for me?
Stripe vs. PayPal. Review the following facts about Stripe and PayPal to choose the right payment processor (merchant) to sell tickets and accept donations for your nonprofit or for-profit event.
Stripe
Stripe’s credit card online payment processing fees are 2.9% + 30¢ cents per transaction
Stripe’s in-person payment processing fees are 2.7% + 5¢ cents per transaction
When you connect a Ticketstripe account with a Stripe payment processor account:
- Accept payments in 135+ currencies.
- Accept debit/credit cards, Apple Pay, Google Pay, & Klarna.
- All fees (service + payment processor) are paid by ticket buyers unless you choose to cover them, so you receive the full ticket value or donation.
- Ticketstripe’s service fee is automatically deducted from every order, making accounting simple.
- Stripe funds your account after every sale. Payouts depend on your account settings. Check Stripe’s payout information for more details.
- You are able to sell tickets and merchandise on location with our Box Office mobile app and a Stripe Reader M2.
- Buyers can buy now and pay over time with Klarna by enabling this option in your Ticketstripe dashboard:
- Pay in 4 installments 5.99% + 30¢
- Financing* 2.99% + 30¢
- Your customers enjoy an easy and frictionless checkout experience.
If you do not have a Stripe account, you can sign up for a Stripe account via Ticketstripe’s dashboard or directly at Stripe.com.
Registered nonprofit organizations can apply for discounted payment processing fees with Stripe.
PayPal
PayPal’s online payment processing fees range from 2.99% to 3.49% + 49¢ cents per transaction. Additional charges may apply for international payment methods and currency conversions. For up-to-date information on PayPal’s payment processor fees visit PayPal.com.
No in-person payment processing.
Many event organizers choose to sell event tickets with PayPal because they have an existing PayPal account. Before connecting it’s important to know how this will affect your ticket sales and donations online and at the event:
- All fees (service + payment processor) are paid by ticket buyers unless you choose to cover them, so you receive the full ticket value or donation.
- PayPal’s payment processor fees are deducted from every order, so you will not receive the full value of the ticket price.
- Ticketstripe’s service fee is automatically deducted from every order, making accounting simple.
- Buyers can purchase tickets or make donations with a PayPal account.
- Buyers can purchase tickets or make donations with Venmo.
- Buyers can pay with Pay Later if you enable it in your Ticketstripe dashboard.
- PayPal generally deposits ticket proceeds into your PayPal account within minutes of every ticket purchase.
- PayPal-connected accounts can only process cash ticket sales in person with our Box Office mobile app.
If you do not have a PayPal account, you can sign up for one via the Ticketstripe dashboard or directly at PayPal.com.
Registered nonprofit organizations can apply for discounted payment processing fees with PayPal.
Want to switch payment processors? This article will show you how.