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Choosing between Stripe and JustPaid depends on your business needs. JustPaid offers lower transaction fees (0.4% for ACH), robust customer support, no develop…
In today’s fast-paced digital economy, choosing the right financial platform to manage billing, payments, and customer transactions is critical. While Stripe is a household name in the world of payment processing, JustPaid is emerging as a strong contender with its customizable features and competitive pricing. This blog dives into a detailed comparison of Stripe and JustPaid, highlighting their key differences, features, and the value they bring to businesses.
JustPaid:
With transaction fees as low as 0.4% per transaction for ACH transfers, JustPaid stands out as a cost-efficient option. This is particularly advantageous for businesses handling high transaction volumes or relying heavily on ACH payments.
Stripe:
Stripe charges 5.99% + $0.30 for installment payments and $0.80 per international payment, which can add up quickly, especially for businesses managing global operations or large transaction sizes.Takeaway: For businesses prioritizing cost efficiency, especially for ACH transfers, JustPaid offers significant savings compared to Stripe.
JustPaid:
Offers comprehensive support through Slack, 1-on-1 consultations, email, and its platform, ensuring businesses can resolve issues swiftly and efficiently.
Stripe:
Support is primarily available through email, which can lead to delays in resolution and limited direct communication.
Takeaway: JustPaid provides a more robust and hands-on customer support experience, ideal for businesses needing real-time assistance.
JustPaid:
Designed for simplicity, JustPaid requires no developer support for implementation, making it easy for non-technical teams to get started. It also offers fully customizable billing templates and automated workflows, seamlessly integrating with financial systems.
Stripe:
While Stripe is powerful, setting it up often requires developer assistance, especially for businesses looking to customize their workflows.
Takeaway: JustPaid offers greater flexibility and ease of use for businesses that need customizable solutions without the overhead of developer support.
JustPaid:
Provides custom KPIs and detailed reporting, allowing businesses to gain deeper insights into their financial performance. Additionally, its flexible policies ensure no account freezes, a critical factor for maintaining steady cash flow.
Stripe:
Reporting features are more limited, and strict policy enforcement can sometimes lead to account freezes, disrupting cash flow for businesses.
Takeaway: JustPaid’s reporting tools and cash flow stability make it a better choice for businesses that require in-depth analytics and reliability.
JustPaid:
Incorporates automated billing and invoicing, along with customizable reminders based on contract terms. These features are fully automated, reducing the need for manual intervention.
Stripe:
Offers automatic retries for failed payments, but optimization often requires manual adjustments, which can result in service interruptions.
Takeaway: For businesses looking to streamline billing and reduce manual workload, JustPaid’s automation capabilities are a significant advantage.
Choose JustPaid if you prioritize lower fees, customizable workflows, robust customer support, and advanced reporting tools.
While Stripe has long been a trusted name in the payment processing industry, JustPaid’s unique features, cost savings, and focus on customization make it a compelling alternative. Businesses looking to reduce fees, streamline billing, and enhance support should consider JustPaid as a transformative solution for their financial processes.
Automate invoicing, streamline accounts receivable, and accelerate revenue with JustPaid.
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