Here’s the Deal

Stripe vs Google Wallet

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When comparing Stripe vs Google Wallet, the Slant community recommends Stripe for most people. In the question“What are the best services for making online transactions?” Stripe is ranked 1st while Google Wallet is ranked 7th. The most important reason people chose Stripe is:

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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Common Questions

What are the best services for making online transactions?

Pros

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"
)

Pro
Very competitive fees

Pro
Great Documentation

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.

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.

Pro
Has a robust fraud protection system

All verified unauthorized transactions reported within 120 days of the transaction are completely refunded.

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.

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.