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What is the best alternative to Apple Pay?
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Google Wallet
All
5
Experiences
Pros
4
Cons
1
Top
Pro
Best choice of supported cards through Google's Virtual Card system
Google has a partnership with Bancorp Bank that issues a Virtual Card to Google Wallet users that works as an intermediary between customer's card and merchant. It gives more choice in terms of compatible cards and works as a card fraud mitigation technique.
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Con
Credit card and transaction information is stored on Google's servers
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Pro
Has a robust fraud protection system
All verified unauthorized transactions reported within 120 days of the transaction are completely refunded.
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Pro
No credit card information is stored on the phone
In case a phone is lost or stolen no access to actual credit card information can be gained.
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Pro
4-digit PIN provides added security through secondary authentication
4-digit PIN that has to be entered before any transaction can take place adds secondary authentication and makes sure that nothing gets bought by accident.
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8
6
Stripe
All
5
Experiences
Pros
4
Cons
1
Top
Pro
Very Easy to Setup
Stripe is very simple for developers to integrate into their application as it is a "works out of the box" solution with a fantastic API. The Stripe API is incredibly simple to setup, for example creating a new charge with Ruby is simply: require "stripe" Stripe.api_key = "vtUQeOtUnYr7PGCLQ96Ul4zqpDUO4sOE" Stripe::Charge.create( :amount => 400, :currency => "usd", :card => { :number => "4242424242424242", :exp_month => 1, :exp_year => 2014, :cvc => 314 }, :description => "Charge for test@example.com" )
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Con
They have very complicated and expensive pricing for marketplaces
See here.
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Pro
Very competitive fees
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Pro
Great Documentation
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Pro
Supports online marketplaces
Stripe have recently announced support for online marketplaces. This means a service can now enable their users to seamlessly collect payments using the Stripe API.
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