2Checkout vs Stripe: Product, Pricing, Integration

Note that the information about 2Checkout and Stripe found in this article was taken from their respective websites on 15 April 2024. This information is subject to change.

In 2024, more businesses are adopting online payment systems, prominently Stripe and 2Checkout. Both platforms cater to varying business needs with an array of features. This article will explore and compare Stripe and 2Checkout, focusing on their services, pricing, global reach, and how they integrate with other systems.

Stripe vs 2Checkout for Online Payments

Stripe Payments allow merchants to accept payments, manage payouts, and oversee accounts efficiently. Merchants can customise their checkout experiences using Stripe Elements for web and mobile interfaces or opt for the pre-built Stripe Checkout.

Stripe Payment Links enable users to accept payments or manage subscriptions through shareable links. These links can be distributed without limits via social media, emails, or other channels.

Meanwhile, 2Checkout's Monetisation Platform offers payment processing for mobile and online transactions. 2Checkout ConvertPlus, for example, is a solution that simplifies the process of collecting payments from shoppers using major credit/debit cards, PayPal, Apple Pay, Alipay, Boleto/Pix, bank/wire transfer, iDEAL, and SEPA Direct Debit.

The company offers its own 2Checkout payment gateway - InLine Checkout. It’s a straightforward interface that, according to 2Checkout, follows the latest conversion optimisation best practices. Merchants can choose one-step and multi-step InLine cart.

2checkout also offers a hosted payment gateway. Merchants can customise their out-of-the-box shopping cart templates and create personalised designs of the interface.

Meanwhile, 2checkout Buy-Links allows merchants to generate a buy-link that they can then apply to the Buy button on their web store.

2Checkout Subscriptions allow merchants to enable subscription billing, including subscription management, historical data, and billing cycles.

The providers offer 2Checkout commerce API and ecosystem. Merchants can use code samples and libraries to simplify the development of applications that integrate with and expand the capabilities of the 2Checkout system.

Payment Methods

Stripe supports over 100 payment methods, such as credit cards, digital wallets, bank debits, and transfers. It uses a Payment Methods API to allow businesses to easily integrate these options into their systems, facilitating one-click checkouts for enhanced user convenience.

Meanwhile, 2Checkout payment methods enable merchants to accept payments in over 45 methods. All online payment methods are available for the 2Monetize platform, and some are available for 2Sell and 2Subscribe in all listed currencies.

Other Payment Features

Stripe Connect simplifies transactions across multiple channels, covering both payments and payouts. The Standard Connect version allows Stripe to fully manage the dashboard UI and serve as the main point of contact for merchants with payment inquiries.

Stripe Billing allows companies to handle customer payments using different methods such as recurring, usage-based, and contract billing. Stripe Invoicing simplifies the process of creating and managing invoices for one-time payments. Additionally, Stripe provides financial tools for tax calculation, revenue recognition, data management, and customised reporting.

2Checkout offers refunds and chargeback management. Merchants can reimburse their customers by issuing total or partial refunds, and chargebacks for both completed and finished orders. Payouts are also available for 2Sell, 2Subscribe, and 2Monetize packages.

Stripe vs 2Checkout: More Features

Stripe Financial Connections provides a secure method for users and businesses to exchange financial data. It enables companies to confirm bank accounts for ACH payments, enhance financial risk assessments, prevent fraud through ownership verification, and leverage transaction data to develop new fintech products.

Stripe Identity offers worldwide identity verification services. This enhances fraud prevention and risk management and increases trust and security in transactions.

Stripe Banking as a Service (BaaS) provides card issuance (Stripe Issuing) and financial services integration (Stripe Treasury). It also enables US businesses to secure loans through Stripe Capital.

Stripe Climate allows businesses to allocate a portion of their revenue to carbon removal initiatives.

2Checkout marketing tools offer a wide range of features like upsell, cross-sell, promotions, and lead management, A/B testing, and more.  Meanwhile, 2Checkout Analytics allows merchants to integrate Google Analytics and other tracking scripts in the hosted ordering interface.

2Checkout offers an Affiliate Network module, which can help merchants to generate extra revenue with the help of an external sales force of their affiliates. Meanwhile, the 2Checkout Partner Control Panel allows merchants multiple tools to manage their relationship with their resellers.

Stripe and 2Checkout: Integration & Coverage

Stripe is a global payment platform operating in 46 countries such as Australia, the US, Europe, India, Japan, and the UAE. It supports cross-border payments in various currencies and serves over 195 countries.

Stripe's App Marketplace facilitates third-party integration, connecting with software in fields like accounting, compliance, and data analytics. Additionally, Stripe provides a partnership ecosystem to enhance the business application of its features.

2Checkout's Monetisation Platform allows merchants to sell in over 200 countries and territories, in over and 100 billing currencies. Merchants can choose from over 120+ online shopping carts available for integration via 2Checkout.

Stripe Fees vs 2Checkout Fees

Regarding Stripe vs 2Checkout pricing, the providers use different strategies; Stripe transparently displays its service fees on its website.

Additional fees may apply for processing multiple currencies, handling chargeback disputes, customising checkout domains, and for services such as billing, invoicing, taxation, payment links, revenue recognition, fraud prevention, identity verification, and card issuing. It is crucial to thoroughly review Stripe's detailed fee structure before selecting their services.

In comparison, 2Checkout charges businesses based on the plan they have chosen. The provider offers three plans, with the following fees:

Stripe and 2Checkout Alternatives: Noda

​​Noda is a global open banking provider that assists online merchants with end-user KYC, payment processing, LTV forecasting and UX optimisation. We partner with 2,000 banks across 30 countries, spanning over 30,000 bank branches. Noda supports a wide range of currencies for globally-minded clients. We offer scalable plans to fuel your business growth and e-commerce plugins for easy integration. 

With Noda's advanced Open Banking API, online businesses can easily integrate direct bank payments, offering their customers a seamless and secure payment experience with lower fees. Whether you're looking to enhance customer verification processes, optimise payment systems, forecast long-term value, or refine user experience, Noda is your partner in growth.