For any SaaS provider, having a reliable payment processing tool is important. Successful transactions are the backbone of your business, allowing smooth operations and satisfied customers. These tools bridge two parties and handle all credit and debit transactions. Transaction tools make monthly and yearly payments easier for SaaS providers. However, not all tools are sufficient for these transactions, so highlighting the best ones for SaaS is a major requirement.
List of Payment Processing Tools for SaaS
Stripe
ChargeBee
PayPal
Square
Braintree
Maxio
Stax Bill
Recurly
WePay
GooglePay
1. Stripe
Stripe is a popular payment processing tool for SaaS businesses. It makes it easy to accept payments, manage subscriptions, and handle billing. With Stripe, you can set up recurring payments, process transactions securely, and integrate with various platforms. It’s trusted by companies worldwide for its reliability and ease of use.
Features
International Payments
Recurring Payments
API Supported
Financial Reporting
Stripe Radar
IOS & Android SDK
3D secure platform
Top 3 Features of Stripe
1. International Payments
Stripe makes it easy for SaaS providers to handle international payments. It supports multiple currencies, allowing you to do business globally without any hassle. Transactions are processed quickly, so you don’t have to worry about delays. Stripe helps you reach customers all around the world with ease.
2. API Support
Stripe offers excellent API support with clear and detailed documentation. This makes it simple for developers to integrate Stripe into their systems. You can set up your payment processing quickly and efficiently. Stripe’s API is designed to be user-friendly and highly customizable.
3. 3D Secure Platform
Stripe’s 3D Secure platform helps reduce fraud by adding an extra layer of security. It provides frictionless authentication, making transactions safer for users. This feature makes sure that payments are protected from cyber-attacks. Users can enjoy a secure and smooth payment experience.
Pros
User-friendly
Comes with Developer’s Guide for Integration
Recurring Billing Cycles
Customized Checkout options
Accessible Globally
Fraud Detection
3D secure platform
Cons
High-volume transactions are charged transaction fees
Standard Plan: 2.9% + 30¢ per successful charge for domestic cards
Custom Plan: Custom pricing with volume discounts and multi-product discounts
ACH Direct Debit: 0.8% per transaction (capped at $5.00)
Customer Support
Stripe offers 24/7 and additional support plans.
These support plans are Growth, Premium, & Enterprise.
Average Rating
Stripe has an average rating of 4.2 out of 5.
Testimonials
Final Verdict
Stripe is easy to set up, integrates well with other tools, and supports various payment methods. With Stripe, you can handle subscriptions, billing, and invoicing smoothly. Its strong security features and excellent support make it a dependable option. If you want a straightforward, efficient, and secure payment processor, Stripe is a solid pick.
2. Chargebee
Chargebee is a smart payment processing tool designed for SaaS businesses. It helps you automate billing, manage subscriptions, and take care of recurring payments. With Chargebee, you can easily handle invoices, taxes, and more, making it perfect for growing companies that need to simplify their payment processes. If you’re looking for a reliable and efficient way to manage your payments, Chargebee is a top choice.
Features
Subscription management
Payment Optimization
Customer Retention
Billing Management
Recurring Billing for SaaS providers
Supports 100+ Currencies
Payments within minutes
Top 3 Features of Chargebee
1. Subscription Management
Chargebee provides comprehensive reports and conducts in-app subscription management at its best. It integrates all platforms under one roof, such as Stripe, Apple App Store, and Play Store.
2. Payment Optimization
Payment and price optimization is essential for subscription-based businesses like SaaS providers. Chargebee gives pricing structures and implements them in a single iteration rather than taking up a whole quarter of the business.
3. Recurring Payment for SaaS providers
Chargebee allows automated subscription payments so that they can be synced and integrated in the best and smartest way possible. These capabilities nudge your users to go from a free to a paid plan in no time because it’s accessible to all.
Pros
Various Subscription options.
Activate, pause, upgrade/downgrade plans.
Multiple payment options
100+ currencies are supported
Complete Scalability options with a Guide
Offers Freemium options
Cons
Some advanced features may require additional customization.
Pricing can be on the higher side for smaller businesses.
Performance model for $ 599/ month, billed annually.
Enterprise model, which is customizable.
Customer Support
Chatbot
Help documents
Tutorials
API integration documentation
Knowledge base.
Average Rating
Chargebee has an average rating of 4.4 out of 5.
Testimonials
Final Verdict
Chargebee is a fantastic choice for SaaS businesses looking to streamline their payment processes. With features like subscription management, automated billing, revenue recognition, and customer retention, it covers all the bases.Chargebee is trusted by thousands of companies worldwide, making it a reliable and efficient solution for managing payments and driving growth.
3. PayPal
Paypal is an international payment processing tool for SaaS providers and customers. It’s widely used for its simplicity and security.With PayPal, you can accept payments from customers around the world, manage transactions easily, and ensure your payments are secure. It’s a great choice for SaaS businesses looking for a reliable and trusted payment solution.
Features
Global Payment Processing
Online Checkout
Invoicing
POS
Fraud Protection
Integration
Developer Documentation
Top 3 Features of PayPal
1. Global Payment Processing
PayPal offers businesses payments throughout the world and covers several currencies, making it convenient for everyone. It is a global leader and handles transactions in a more streamlined way and transfers the money within seconds.
2. Online Checkout
PayPal offers smooth checkout with a user-friendly experience. It can be easily integrated into websites and Apps. It tends to be the best payment processing tool for SaaS with its more manageable and smooth transaction process.
3. Fraud Protection
PayPal uses advanced AI solutions to fight and combat fraud. Delivering ultimate fraud protection through customized filters, which resist chargebacks and theft. Also, PayPal reimburses the amount in case of theft or fraud detection.
Pros
Extensive Fraud Detection
User-friendly Interface
Extensive protection policies
Mobile-friendly UI
Cons
Transaction fees for high-scale transactions
Disputes and chargebacks may lead to temporary holds on funds.
Pricing
No setup or monthly fees for standard accounts.
Transaction fees apply, typically ranging from 2.9% + $0.30 per transaction.
Customer Support
Help Center
Community Forum
Email Support
Resolution Center
Average Rating
PayPal has an average rating of 4.4 out of 5.
Testimonials
Final Verdict
PayPal is a reliable and popular payment processing tool for SaaS businesses. It’s easy to set up, widely trusted and offers a range of features to handle payments and subscriptions. While the fees can be a bit higher than some competitors, the convenience and security it provides make it a solid choice for many businesses. If you want a trusted and straightforward solution for your payment processing needs, PayPal is a great option.
4. Square
Square is a popular payment processing tool that is that is perfect for SaaS businesses. It helps you accept payments easily, whether in person or online. With Square, you can also manage invoices, track sales, and get real-time reports. It’s user-friendly and designed to help your business grow without any hassle. If you need a reliable and straightforward payment solution, Square is a great option.
Features
Contactless Payments
Square-hosted Checkout page
API integration
Customer Service
3rd Party App Integration
Customization
Top 3 Features of Square
1. API Integration
Square gives a complete suite to developers to integrate Square into websites and applications. The API supports different payment methods, making it a good choice for all SaaS providers.
2. Contactless Payments
Square allows cashless payment options and gives businesses the chance to get payments without physical interaction with the clients. It offers different payment methods like tap-to-pay, NFC technology, and even swipeaways.
3. Square-Hosted Checkout Page
You can create customized square checkout pages and change their branding, logo, etc, according to your SaaS. The pages are not only well-responsive but also user-friendly which makes sure that the users get a smooth checkout experience.
Pros
Easy to Integrate
User-friendly interface
Cons
Limited international availability compared to some other payment processors.
Some advanced features may require additional fees or integrations.
The free plan is free for one month and costs 2.9% + 30 cents on each transaction.
The Plus Plan costs $29/month & costs 2.9% + 30 cents on each transaction.
The Premium Plan costs $79/month & costs 2.6% + 30 cents on each transaction.
Customer Support
Live Chat
Seller Community
Video Tutorials
Resources
Average Rating
Square has an average rating of 4.6 out of 5.
Testimonials
Final Verdict
Square is a solid choice for SaaS businesses looking for an easy-to-use and versatile payment processing tool. It is especially good for small to medium-sized businesses with transparent pricing and no long-term contracts. Overall, Square stands out for its simplicity, reliability, and comprehensive tools, making it a great option for SaaS companies.
5. Braintree
Braintree is a powerful payment processing tool that is perfect for SaaS businesses. It lets you accept payments from around the world, offering support for multiple payment methods including credit cards, PayPal, and digital wallets. With easy integration and strong security features, Braintree helps you manage transactions smoothly and securely, making it an excellent choice for businesses looking to organize their payment processes.
Features
Payment Gateway Integration
Various Payment Methods
Recurring Billing
Fraud Protection
Mobile-Friendly UI
Globally Used
Customer Support
Top 3 Features of Braintree
1. Payment Gateway Integration
With Braintree, you can create and add a customized checkout to your website and apps with a developer-friendly code. It offers tools for online payments and makes transactions highly secure.
2. Recurring Billing
Managing recurring payments with Braintree has become easier. It is perfect for subscription-based businesses and SaaS providers. Customers can also upgrade and downgrade their pricing and billing cycles.
3. Globally Used
Braintree is used across the globe and supports over 130 currencies, making it a good choice for people and many renowned businesses worldwide. That’s why small-scale SaaS providers can also opt for this payment processing tool, as it’s available everywhere.
Cards and digital wallets are charged 2.59 % + $0.49 per transaction.
PayPal & PayPal credit depends on the terms & conditions applicable to the PayPal account.
Venmo is available for the US only and is charged a 3.49% + $ 0.49 per transaction.
Customer Support
The customer support offers
Support Articles
Issue Selection
Email to customer support
Average Rating
Braintree has an average rating of 3.4 out of 5.
Testimonials
Final Verdict
Braintree supports a wide range of payment methods and currencies, making it perfect for global transactions. With features like recurring billing, fraud protection, and smooth integrations,
6. Maxio
Maxio is a payment processing tool that helps SaaS businesses manage billing and subscriptions. It automates invoicing, handles recurring payments, and offers detailed analytics. Maxiois great for companies looking to streamline their payment processes and focus on growth. If you need a reliable and easy-to-use billing solution, Maxiois a top pick.
Features
Subscription Management
Subscription Billing
Revenue Recognition
Metrics & Analysis
Top 3 Features of Maxio
1. Subscription Management
The subscription management offers new pricing models, and product catalogs, and offers customized and extensive pricing plans in no time. It also helps to generate tailored invoices.
2. Subscription Billing
Subscription billing is essential for SaaS providers. With this tool, you can manage complex billing cycles and reduce your headaches. It also saves time and gives you an adequate experience.
3. Automated Auditing
Automated auditing gives precise insights and reduces the chances of errors. Maxiooffers the same services to its customers to reduce the time-consuming audit process.
Pros
Intuitive interface with user-friendly navigation and setup.
Cons
Limited customization options compared to some other financial management platforms.
May not be suitable for larger enterprises with complex financial needs.
Pricing
Maxioaka Maxio offers the following pricing plans:
The base plan is $5000 per annum.
A Customized Plan can help you seek a custom quote.
Customer Support
Offers Live Chat
Schedule a meeting option
Blog, Podcast, Case Studies, Events
Developers Guide
Average Rating
Maxio has an average rating of 4.3 out of 5.
Testimonials
Final Verdict
With features designed to handle complex billing scenarios and support for revenue recognition, Maxiois ideal for growing companies that need a scalable solution. If you want a dependable and efficient way to manage your payments, Maxiois definitely worth considering.
7. Stax Bill
Stax Bill is our number 7 payment processing tool for SaaS businesses. It helps you automate your billing, manage subscriptions, and handle payments smoothly. With Stax Bill, you can easily deal with invoices, track revenue, and reduce payment failures. It’s a reliable choice for any SaaS company looking to simplify their payment processes and grow.
Features
Recurring Billing
Integrations
Invoicing
Financial Reporting
Payment Gateways
Subscription Management
Top 3 Features of Stax Bill
1. Recurring Billing
Recurring billing allows us to send out invoices to customers without manually dealing with them. This saves a lot of time and allows SaaS providers to focus on other things as well. Overall, it improves the subscription funnel, and clients stay connected for a long time.
2. Integration Options
Stax bills allow adequate integration and improve scalability within the business. It comes with APIs and webhooks that make it developer-friendly. Also, you will find native integration with Hubspot, Salesforce, and other applications.
3. Payment Gateways
Stax Bill helps reduce card declines, ensuring more successful payments. It offers payment processing add-ons, making integration and payments easier. The transaction fees are transparent, making it a top choice for SaaS businesses.
Pros
Affordable pricing plans are suitable for small businesses.
Intuitive interface with easy setup and navigation.
A responsive customer support team is available to assist with any inquiries.
Cons
Limited customization options compared to some other billing platforms.
It may not be suitable for larger enterprises with complex billing needs.
The Enterprise plan is customizable, you can get a quote.
Customer Support
Customer support is available on weekdays you can call or email them.
Knowledge Base
Developers Portal
Average Rating
Stax Bill has an average rating of 4.2 out of 5.
Testimonials
Final Verdict
With features like real-time analytics, customer management, and easy integration, Stax Bill helps businesses automate their billing processes. Stax Bill is worth considering if you’re looking for an efficient and user-friendly payment solution.
8. Recurly
Recurly is a top payment processing tool for SaaS businesses. It helps you manage subscriptions, automate billing, and handle recurring payments efficiently. With Recurly, you can easily manage invoicing, recover failed payments, and integrate with various payment gateways.
Features
Subscription Management
Recurring Billing
Developer’s Guide
Comprehensive Reports and Analysis
Multiple Payment Gateways
Top 3 Features of Recurly
1. Subscription Management
Subscription management solutions offered by Recurly serve several industries including streaming media, travel, hospitality, e-learning, SaaS, and many more. The business size ranges from small to enterprise level.
2. Recurring Billing
Recurly allows recurring billing options including automation which saves up a lot of time. Complex subscriptions are not a problem anymore with this payment processing tool. It gives subscribers the flexibility to choose their payment and subscription plans.
3. Multiple Payment Gateways
Recurly gives the freedom to choose from several currencies making it a great global pick. It helps to extend your reach and give the best payment methods that suit the customer’s needs and requirements.
Pros
Effortless integration with various payment gateways and e-commerce platforms.
Flexible pricing options to accommodate businesses of all sizes.
Dedicated support team and extensive knowledge base for assistance.
Cons
Learning curve for new users, especially for advanced features.
Additional fees may apply for certain integrations or customizations.
The starter plan is free for one year for newcomers.
You can get a quote for a professional plan.
You can get a quote for the elite plan.
Customer Support
Talk to sales
Get support
Resource Center
Average Rating
Recurly has an average rating of 3.9 out of 5.
Testimonials
Final Verdict
Recurly is more than a payment solution for SaaS businesses. It not only makes payments faster but also provides users with easy support, better reporting and analysis and other cool features. All you need to do is check and evaluate the pricing plan before finalizing it for your business.
9. WePay
WePay is a payment processing tool that makes it easy for SaaS businesses to handle payments. It provides smooth integration with popular platforms, guaranteeing secure and fast transactions.With WePay, you can accept various payment methods and manage everything smartly. If you want a reliable payment solution that supports your growth, WePay is a great choice.
Features
Payment Processing
Reduced Frauds
API integration
Tailored Solution
Revenue Expansion
Custom Payments
Top 3 Features of WePay
1. Payment Processing
SaaS providers can send and receive payments easily using WePay. This means that all credit cards, debit cards, and payment methods are acceptable and usable. WePay also offers physical payment solutions like POS and card readers.
2. API Integration
The API integration from WePay allows the developers to easily connect the payment processing tool within their website or app and comes with a developers guide for assistance too.
3. Customized Solutions
You can get a customized checkout experience with Wepay and get more options for the checkout page as well.
Pros
Simple integration with third-party platforms.
Strong fraud protection measures.
Support for international payments.
Cons
Higher transaction fees compared to some competitors.
Limited customization options for payment forms.
May require additional verification for high-risk industries.
Domestic Transactions: 2.9% + $0.30 per transaction
Cross-Border Transactions: 3.9% + $0.30 per transaction
Chargebacks: $15 per occurrence
Refunds: Free
ACH Payments: 1% + $0.30 per transaction
Customer Support
Knowledge Base
API support
Average Rating
WePay has an average rating of 3.6 out of 5.
Testimonials
Final Verdict
WePay can be your ideal solution and a better payment option for SaaS businesses. It offers organized integration, strong security, and excellent support. WePay’s flexibility and ease of use make it a dependable option for managing payments securely.
10. Google Pay
Google Pay is a fast and secure payment processing tool for SaaS businesses. It allows you to handle payments effortlessly, whether you’re collecting one-time fees or managing subscriptions.With Google Pay, you get strong security features, easy integration with your existing systems, and support for multiple payment methods.
Features
Payment Methods
Online Payments
Contactless Payments/ Purchases
Loyalty & Rewards
Available Internationally
Advanced Cybersecurity
Top 3 Features of Google Pay
1. Payment Methods
The best feature of Google Pay is that it supports various payment methods, from credit to debit cards. Users are free to add as many payment methods to their Google wallets as they want.
2. Online Payments
The most secure online payment that you can find is through Google Pay. It offers complete transparency, security, and control.
3. Available Internationally
Google Pay supports all types of International transactions, taking your SaaS to new levels.
$10,000 – $99,999.99: 2.2% + $0.30 per transaction
$100,000 or more: 1.9% + $0.30 per transaction
Customer Support
Digital Support Assistant
Help Center
Average Rating
Google Pay has an average rating of 4.6 out of 5.
Testimonials
Final Verdict
Google Pay is a reliable and user-friendly payment processing tool for SaaS businesses. It offers easy integration, secure transactions, and supports a variety of payment methods. With its global reach and trusted brand, Google Pay is a solid choice for managing your payments efficiently.
Table Comparison – Top 3 Payment Processing Tools for SaaS
Features
Stripe
Chargebee
PayPal
Subscription Management
✔️
✔️
❌
Recurring Billing
✔️
✔️
✔️
Revenue Recognition
✔️
✔️
❌
Fraud Protection
✔️
❌
✔️
Best of the Best – Payment Processing Tools for SaaS
1. Stripe
With Stripe, you get a bunch of helpful tools and flexible plans for managing subscriptions and customers, as well as analyzing revenue. It’s easy for developers to use, and it offers customizable payment options.
2. Chargebee
Chargebee excels in subscription management and billing automation. It’s designed specifically for SaaS businesses, providing features like payment optimization and customer retention. Chargebee integrates smoothly with various platforms and supports over 100 currencies, making it ideal for businesses looking to scale globally.
3. PayPal
PayPal is super popular worldwide and is known for being user-friendly. It’s great for handling, invoices, and other business related stuff. You can customize your payment setup too.
Conclusion
The tools we’ve discussed offer a range of features to suit different needs, from ease of use to advanced security and integrations. Whether you’re a startup or an established enterprise, there’s a solution on this list that can help well organize your payment processes and enhance customer satisfaction.Take the time to explore these options and select the one that best fits your business requirements. Happy processing!
FAQs
1. How do I know which payment processing tool is best for my SaaS business?
Look at what features you need, like subscription management or easy payment options. Then check out reviews and see what other businesses like yours are using.
2. Are there any hidden fees with these payment tools?
Most of the time, they’ll tell you upfront about any fees. But it’s always a good idea to double-check and ask questions if you’re not sure.
3. Can I use these tools if I’m not a tech whiz?
Yep! They’re made to be easy to use, even if you’re not a tech expert. You can usually find guides or customer support to help you out if you get stuck.
4. Do I need to sign a long contract to use these tools?
It depends on the tool. Some might ask for a contract, but others let you pay month-to-month. It’s worth checking out different options to see what works best for you.
5. What if I have problems with payments or need help setting up?
Most of these tools have customer support you can reach out to. They’ll help you fix any issues and get everything set up the way you want.
6. Are these payment tools safe to use?
Yes, they’re built to keep your information safe and secure. They use things like encryption to protect your data, so you don’t have to worry about it getting into the wrong hands.
Amna Zafar
Amna is a Content Editor at Stratigia, responsible for generating high-quality SaaS content that engages and informs the audience. Her background as a writer ensures that every piece of content is strategically crafted to meet the needs of SaaS businesses.
