10 Best Payment Processing Tools for SaaS

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

  1. Stripe
  2. ChargeBee
  3. PayPal
  4. Square
  5. Braintree
  6. Maxio
  7. Stax Bill
  8. Recurly
  9. WePay
  10. 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.


  • 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 Feature of International Payment

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 Feature of 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 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.


  • User-friendly 
  • Comes with Developer’s Guide for Integration 
  • Recurring Billing Cycles 
  • Customized Checkout options 
  • Accessible Globally 
  • Fraud Detection 
  • 3D secure platform 


  • High-volume transactions are charged transaction fees 


Stripe offers the following  pricing plans:

  • 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.

Stripe Rating on G2


Testimonial of Stripe

Stripe Testimonial


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- A Payment Platform

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.


  • 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 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 

Chargebee Feature of 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 Recurring Payment For SAAS Provider


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. 


  • Various Subscription options. 
  • Activate, pause, upgrade/downgrade plans. 
  • Multiple payment options
  • 100+ currencies are supported 
  • Complete Scalability options with a Guide 
  • Offers Freemium options 


  • Some advanced features may require additional customization.
  • Pricing can be on the higher side for smaller businesses.


Chargebee offers the following pricing plans:

  • Freemium model, which is accessible for free. 
  • 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.

Chargebee Average Rating


Chargebee Testimonial

Chargebee Testimonial

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.


  • Global Payment Processing 
  • Online Checkout 
  • Invoicing 
  • POS 
  • Fraud Protection 
  • Integration 
  • Developer Documentation 

Top 3 Features of PayPal 

1. Global Payment Processing

Paypal 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 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 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. 


  • Extensive Fraud Detection 
  • User-friendly Interface 
  • Extensive protection policies 
  • Mobile-friendly UI 


  • Transaction fees for high-scale transactions 
  • Disputes and chargebacks may lead to temporary holds on funds.


  • 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.

Paypal Average Rating


Testimonial of Paypal

Paypal Testimonial

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- A Payment Platform

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.


  • Contactless Payments 
  • Square-hosted Checkout page 
  • API integration 
  • Customer Service 
  • 3rd Party App Integration 
  • Customization 

Top 3 Features of Square 

1. API Integration  

Square 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 Contactless Payment


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 

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.


  • Easy to Integrate 
  • User-friendly interface


  • Limited international availability compared to some other payment processors.
  • Some advanced features may require additional fees or integrations.


Square offers the following pricing plans:

  • 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.

Average Rating of Square


Sqaure Testimonial

Square Feedback

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.


  • 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 

Braintree 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 

Braintree 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 Feature of 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. 


  • Payment gateway integration 
  • Multiple payment methods 
  • Mobile Responsive Checkouts 


  • Transaction fees are based on transaction volume


Braintree offers the following pricing plans: 

  • 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.

Braintree Average Rating


Braintree Testimonial

Braintree Testimonial

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.


  • Subscription Management 
  • Subscription Billing 
  • Revenue Recognition 
  • Metrics & Analysis 

Top 3 Features of Maxio

1. Subscription Management 

Maxio Feature of 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 

Maxio 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

Maxio 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. 


  • Intuitive interface with user-friendly navigation and setup.


  • Limited customization options compared to some other financial management platforms.
  • May not be suitable for larger enterprises with complex financial needs.


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.

Maxio Average Rating


Maxio Testimonial

Maxio Testimonial

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

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.


  • Recurring Billing 
  • Integrations
  • Invoicing
  • Financial Reporting
  • Payment Gateways 
  • Subscription Management

Top 3 Features of Stax Bill 

1. Recurring Billing 

Stax Bill Recurring Billing Feature

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 Bill 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 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.


  • 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.


  • Limited customization options compared to some other billing platforms.
  • It may not be suitable for larger enterprises with complex billing needs.


Stax Bill offers the following pricing plans:

  • The starter plan is $199/month billed annually. 
  • The Growth plan is $399/month billed annually. 
  • 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.

Stax Bill Average Rating


Stax Bill Testimonial

Testimonial of Stax Bill

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. 


  • Subscription Management 
  • Recurring Billing 
  • Developer’s Guide 
  • Comprehensive Reports and Analysis 
  • Multiple Payment Gateways

Top 3 Features of Recurly  

1. Subscription Management

Recurly 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 Recurring Billing Feature

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 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. 


  • 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.


  • Learning curve for new users, especially for advanced features.
  • Additional fees may apply for certain integrations or customizations.


Recurly offers the following pricing plans:

  • 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.

Recurly Average Rating on G2


Recurly Testimonial

Testimonial of Recurly

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 

We Pay

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.


  • Payment Processing 
  • Reduced Frauds 
  • API integration 
  • Tailored Solution 
  • Revenue Expansion 
  • Custom Payments 

Top 3 Features of WePay 

1. Payment Processing 

We Pay 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 

We Pay 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 

We Pay Customised Solutions

You can get a customized checkout experience with Wepay and get more options for the checkout page as well.  


  • Simple integration with third-party platforms.
  • Strong fraud protection measures.
  • Support for international payments.


  • Higher transaction fees compared to some competitors.
  • Limited customization options for payment forms.
  • May require additional verification for high-risk industries.
  • Limited availability in certain regions.


We Pay offers the following pricing plan

  • 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.

We Pay Average Rating On G2


We Pay Testimonial

We Pay 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

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.


  • Payment Methods 
  • Online Payments 
  • Contactless Payments/ Purchases 
  • Loyalty & Rewards 
  • Available Internationally 
  • Advanced Cybersecurity 

Top 3 Features of Google Pay 

1. Payment Methods 

Google Pay Payment Method

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 

Google Pay 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 Feature of Available Internationally

Google Pay supports all types of International transactions, taking your SaaS to new levels. 


  • Worldwide Transactions 
  • Built-In Security Features 
  • P2P Payments 
  • Loyalty 
  • Rewards 
  • Privacy Controls 
  • Best Practices 


  • Not available in some countries 


Google Pay offers the following pricing plans:

  • Less than $3,000: 2.9% + $0.30 per transaction
  • $3,000 – $9,999.99: 2.5% + $0.30 per transaction
  • $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.

Google Pay Average Rating on G2


Google Pay Testimonial

Google Pay Testimonial

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.


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!


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.

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