Braintree vs Stripe vs Klarna – Pick the best payment gateway for your online business!

Selecting the right online payment method can be tricky as there are multiple options available in the market. Each option has its own advantages and drawbacks. The global online payment service providers are Braintree, Stripe and Klarna. In this article, we have taken a closer comparison of these payment gateways as they are available in most parts of the world. Each solution is analysed according to its geographic availability, costs and payment methods, technological constraints, pros, and cons, and more.

Braintree

• General Fees:

  • 2.9% + USD 0.30 for all credit cards and payment methods.
  • +1% For non-US currencies, +1% for credit cards from outside the US
  • 0.75% for ACH payments capped at USD 5

• Countries:

  • Andorra, Australia, Austria, Belgium, Bulgaria, Canada, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Guernsey, Hong Kong SAR, China, Hungary, Iceland, Ireland, Isle of Man, Italy, Jersey, Latvia, Liechtenstein, Lithuania, Luxembourg, Malaysia, Malta, Monaco, Netherlands, New Zealand, Norway, Poland, Portugal, Romania, San Marino, Singapore, Slovakia, Slovenia, Spain, Sweden, Switzerland, USA, United Kingdom

• Chargeback Fees:

  • USD 15 chargeback
  • Braintree also offers fraud protection, with a 60% average reduction in fraud losses.

• Refund:

  • There are no fees to make refunds, but the original transaction fees are not returned (unless your account predates August 2018)

• Supported Currencies:

  • Almost all

• Recurring payment:

  • With Braintree, you can set up recurring billing without having to sign up for a separate service.
  • When creating a plan, you can select the number of payment cycles without any custom development. That means you can make payment plans easily without the need for APIs, webhooks, or custom development.

• Credit Cards:

  • American Express
  • China UnionPay (CUP)
  • Diners
  • Discover
  • Japan Credit Bureau (JCB)
  • Maestro
  • Mastercard
  • Visa

• Digital Wallets:

  • Apple Pay
  • Click to Pay
  • Google Pay
  • PayPal
  • Samsung Pay
  • Venmo

• Support:

  • Email: 5 a.m. to 12 a.m. CST, Monday–Thursday; 5 a.m. to 8 p.m. CST on Fridays
  • Phone: 8 a.m. to 7 a.m. CST, Monday–Thursday; 8 a.m. to 5 p.m. CST on Fridays
  • They also offer emergency support 24/7/365 and claim to always have support reps and engineers ready

• Code base:

  • Simple structure.
  • Primary account over sub-accounts.
  • In-depth documentation for APIs

• Plugin/third party integration:

  • WordPress/WooCommerce
  • 3dCart
  • Big commerce

Stripe

• General Fees:

  • 2.9% + USD 0.30 for all credit cards and payment methods.
  • +1% For non-US currencies, +1% for credit cards from outside the US.
  • 0.80% for ACH payments capped at USD 5.

• Countries:

  • Australia, Austria, Belgium, Brazil (Preview), Bulgaria, Canada, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar (By invitation only), Greece, Hong Kong, Hungary, India (Preview), Ireland, Italy, Japan, Latvia, Liechtenstein (By invitation only), Lithuania, Luxembourg, Malaysia, Malta, Mexico, Netherlands, New Zealand, Norway, Philippines (By invitation only), Poland, Portugal, Romania, Singapore, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Arab Emirates (By invitation only), United Kingdom, United States

• Chargeback Fees:

  • USD 15 chargeback
  • Stripe offers a next-level anti-fraud solution called Stripe Radar. It helped us reduce fraudulent payments and chargebacks by 98%!

• Refund:

  • There are no fees to make refunds, but they don’t return the original transaction fees.

• Supported Currencies:

  • Almost all

• Recuring payment:

  • Stripe has a separate billing solution that you can use at an extra charge of 0.5% of recurring payments after the first USD 1 million.
  • It will automatically send monthly, quarterly, or yearly invoices to clients or customers that signed up.
  • Automatic invoice reconciliation starts at a flat charge of USD 7 per invoice. You can also use Stripe Billing to send one-off invoices.
  • To create an instalment plan, you need to install a webhook and custom-develop code working with the Stripe API.

• Credit Card Supported:

  • American Express
  • Cartes Bancaires
  • China UnionPay (CUP)
  • Discover & Diners
  • Interac
  • Japan Credit Bureau (JCB)
  • Mastercard
  • Visa

• Digital Wallets:

  • Alipay
  • Apple Pay
  • Click to Pay
  • Google Pay
  • GrabPay
  • Microsoft Pay

• Support:

  • Email: Receive a response within 24 hours.
  • Chat: Available in English only. The average wait time is 3 minutes.
  • Request a phone call: Available in English only. The average wait time is 3 minutes.

• Code Base:

  • Larger user base
  • Better API documentation
  • More extensive library of SDKs, so better customizability options without custom development.

• Plugin/third party integration:

  • Drupal
  • Joomla
  • Adobe Commerce
  • WordPress

Klarna

• General Fees:

  • Klarna’s fees come in at 2.49% + 20p per transaction if the payment is being made on a UK (United Kingdom) card.
  • This rate will differ for payments in international currencies.

• Countries:

  • Klarna Checkout is available in Sweden, Norway, Finland, Denmark, Germany, Austria, the Netherlands, Belgium, Switzerland, Great Britain, and the USA.
  • Klarna’s payment methods as individual products are available in Sweden, Norway, Finland, Denmark, Germany, Austria, the Netherlands, Belgium, Switzerland, France, Italy, Poland, Spain, Portugal, Great Britain, Hungary, Czech Republic, Slovakia, the USA, and Australia.
  • Klarna In-store is available in Sweden, Norway, Finland, Denmark, Germany, Austria, the Netherlands, Belgium, Switzerland, France, Italy, Poland, Spain, Great Britain, the USA, Canada, and Australia.

• Chargeback Fees:

  • AT, DE, ES, IT, FR, BE, NL, IE, & FI  7,50 EUR
  • SE  75 SEK
  • NO  75 NOK
  • DK  75 DKK
  • UK  6 GBP
  • PL  30 PLN
  • US  8 USD
  • CA  11 CAD
  • AU  12 AUD
  • NZ  12 NZD!

• Refund:

  • There are no fees to make refunds, but they don’t return the original transaction fees.

• Supported Currencies:

  • AUD, CAD, CHF, PLN, DKK, EUR, GBP, NOK, SEK, and USD

• Recuring payment:

  • Klarna checkout Recurring reduces the effort for customers who want to start a subscription of any kind online.
  • The functionality will enable you as a merchant to sell subscriptions and other recurring purchases through Klarna Checkout

• Credit Card Supported:

  • American Express
  • Discover & Diners
  • Japan Credit Bureau (JCB)
  • Mastercard
  • Mastero
  • Visa

• Pay later:

  • Pay Now
  • Pay later
    • Pay in 3 instalments
    • Pay in 30 days
    • Pay in 4 instalments (only in US)

• Support:

  • Email: Receive a response within 24 hours.
  • Chat: Available in English only. The average wait time is 3 minutes.
  • Request a phone call: Available in English only. The average wait time is 3 minutes.

• Code Base:

  • Better API documentation
  • More extensive library of SDKs, so better customizability options without custom development.
  • Can also integrate with Stripe

• Plugin/third party integration

  • Shopify
  • WooCommerce
  • Adobe Commerce
  • Salesforce Commerce Cloud
  • EPiServer
  • PrestaShop
  • Wix

If you need specialists in the field of ecommerce development or an ecommerce mobile app development or the implementation of payment gateways, please feel free to get in touch with us at hello@skynettechnologies.com or submit the following request free quote form.