Why comparing payment providers is important for your webshop
As an entrepreneur, you want one thing above all else: for your customers to be able to pay easily, quickly, and securely. Whether you are just starting your webshop or already generating significant turnover, choosing the right online payment provider (also known as a Payment Service Provider or PSP) makes all the difference. A good Payment Service Provider supports the payment methods your customers expect, integrates seamlessly with your webshop software, and aligns with your business model. However, payment providers differ considerably in terms of what they offer, their costs, and ease of use.
By comparing payment providers, you gain insight into the various online payment solutions for e-commerce. Consider PSPs that focus on fast onboarding for start-ups, versus providers that offer a wide range of platform features and international payment methods for established companies. Perhaps you also want to offer payment via a physical payment terminal (Point of Sale) or QR code in addition to your webshop. Or are you curious about which PSPs offer, for example, Apple Pay, iDEAL, Klarna, or wero?
Comparing PSPs helps you make informed choices. This prevents you from being stuck with a payment solution that doesn't suit your situation. And perhaps even more importantly, by comparing Payment Service Providers, you can see where you can save on transaction fees or monthly fees without compromising on your range of payment methods, useful reporting options, or accounting integrations.
Examples of head-to-head comparisons between PSPs
Choosing a payment provider can sometimes be more challenging than it seems. Well-known names such as Adyen, Stripe, Mollie, and Pay may sound familiar. Still, each offers a different package of online payment methods, features, and services, and differs in transaction and connection costs. That's why it's smart to compare PSPs side by side and compare them on the things that matter.
Take, for example, Stripe vs. Adyen: both are well-known international PSPs, but Stripe excels in fast integration for startups and SaaS platforms, while Adyen is strong in omnichannel payments and focuses on larger, international companies. Or consider Stripe vs. PayPal: While Stripe offers a comprehensive Payment Service Provider with numerous local and international payment methods, PayPal Checkout provides a more limited set.
Another interesting head-to-head example is Mollie vs. Pay. Mollie is known for its ease of use and wide range of payment methods, with no fixed costs, while Pay often has a slightly greater focus on combining online and physical payment solutions, including useful extra tools for loyalty programs or gift cards.
These kinds of comparisons quickly reveal the differences and similarities. This makes the choice more transparent and helps you select the payment provider that best suits your needs.
Let us help you choose: use the free Provider Selector and request quotes
Are you unsure which payment provider best suits your webshop? We are happy to help you get started. Through our free provider selector, you can easily discover which Payment Service Providers best suit your needs in just a few simple steps. Whether you are just starting out or already selling in multiple countries, the Provider Selector looks at your situation and matches you with suitable PSPs.
In addition to comparing, you can also request quotes directly from the providers. This provides you with a quick insight into the expected costs and conditions, without requiring you to make endless phone calls or send emails. What's more, you can easily get in touch with the PSPs on your shortlist, so you can immediately discuss what's possible or ask an expert specific questions.
In short, comparing is the first step, but making a well-informed choice requires a little extra help. Start finding the best payment solution for your online store or business today.
