WooPayments vs. Stripe plugin: which is better for your WordPress site?

WooPayments bePartnering with StripeBuilt. So, it's hard for many of you to determine if it'sUsing WooPayments neverthelessStripe itself. To help you choose well, we've compiled some important differences.

It's also possible to use both plugins at the same time, but it does cause problems sometimes.

WordPress Dashboard Integration

WooPayments is tightly integrated with WordPress websites. It does this by displaying the site's dashboard with all of the site'sTransaction data, deposit records, capital loansdetails and other information to do so. Common business operations can be performed without leaving the site's administrative interface.

Bank Account Deposits within the WordPress Dashboard

The regular Stripe plugin is not very well integrated with the WordPress dashboard. As a result, some actions require a login to Stripe's dashboard. (For example, reconciling a payment or disputing a dispute.)

acceptancemulti-currency

If you are selling to customers in multiple countries, you can use the WooPaymentsMulti-currency functionReceive payments in multiple currencies. Customers can also be offered a choice of payment currencies.

The regular Stripe plugin does not have this built-in feature.

Payment in person in the UK and Canada

WooPayments offers merchants in the U.S., U.K. and Canada the ability to utilize card reader devicesAcceptance of face-to-face paymentsThe

Stripe plug-inFor U.S. Merchants OnlyOffer payment in person.

Initial Settings and API Keys

WooPayments creates a special type of Stripe account during the signup process called a Stripe Express account. This account is linked directly to your website without having to copy and paste any API keys. This makes the initial setup process less complicated compared to the Stripe plugin.

However, since WooPayments does not provide Stripe API keys (even after setup is complete), it may not be suitable for some merchants. For example, if you need to integrate with a third-party accounting service that requests Stripe API keys, the Stripe plugin would be more appropriate. This is because it connects to regular Stripe accounts that do provide you with their API keys.

cost

WooPayments fees and Stripe fees can vary depending on a number of factors, so these may need to be considered when deciding which plugin to choose.

Country/Region Availability

Currently, the regular Stripe plugin supports more businesses than those in the countries where WooPayments is located.moreThe

Instant Deposit Requirements

Instant Deposit allows eligible merchants to receive some or all of their account balance quickly. To prevent abuse, both WooPayments and Stripe require merchants to meet these requirements to enable Instant Deposit.

WooPayments has slightly different requirements before a merchant can enable instant deposits. With the Stripe plugin, Stripe's instant payment requirements are relevant. Below is a comparison chart:

Advanced Features of Stripe

While WooPayments does utilize some of Stripe's features, such as Radar for fraud protection or (optionally) Billing for recurring subscriptions, the overall goal is to streamline the website payment process.

The Stripe plugin can be used in conjunction with a regular Stripe account if the business requires some of the more advanced features that Stripe offers.

Multiple businesses or websites

WooPayments works by connecting to theSingle Stripe Express Accountand pulls all transaction data and deposit information in the WordPress dashboard. It's very convenient and functional for most people.

However, if you need to accept payments from multiple WooCommerce sites, but want to view reports from those sites in one place, it may be better to use the standalone Stripe plugin.