What You’ll Learn from This Article

– Overview of Stripe and GMO Payment Gateway – Strengths and weaknesses of each service

Introduction

Payment processing services handle various payment methods, such as credit card payments and convenience store payments, on behalf of sellers. Using a payment processing service can save you the hassle of managing payments and help you run your business efficiently. Recently, a growing number of online payment processing services have emerged, leaving many people wondering which one to use. In this article, we’ll compare Stripe and GMO Payment Gateway, two of the most popular online payment services, focusing on the following points:

1. Flexibility of payment options

2. Payment processing fees

3. Security

What is Stripe?

Stripe is a payment processing service provided by Stripe, a company headquartered in San Francisco, California. It supports various payment methods, including credit cards, debit cards, PayPal, and Apple Pay, and is used by over 10 million businesses in more than 100 countries worldwide.

What is GMO Payment Gateway?

GMO Payment Gateway is a payment processing service offered by GMO Payment, a member of the GMO Internet Group. It supports a variety of payment methods, including credit cards, debit cards, electronic money, prepaid cards, and carrier payments. It also offers solutions for international transactions, convenience store payments, and carrier payments. With robust security measures and user-friendly operations, it is trusted by many businesses and provides 24/7 support to handle unexpected issues.

Comparison

Flexibility of Payment Options

• Stripe supports credit cards, convenience store payments, and bank transfers, handling over 135 currencies. Credit card brands include VISA, MasterCard, JCB, AMERICAN EXPRESS, Diners Club, China UnionPay, and EFTPOS.
• GMO Payment Gateway supports credit cards, convenience store payments, Pay-easy, Mobile Edy, and Mobile Suica. Accepted credit card brands include VISA, MasterCard, JCB, AMERICAN EXPRESS, and Diners Club.

When it comes to the variety of credit card brands, Stripe has an edge. However, GMO Payment Gateway offers a wider range of payment methods.

Payment Processing Fees

• Stripe charges 3.6% for credit card and convenience store payments and 1.5% for bank transfers.
• GMO Payment Gateway charges 3.95% for credit card payments, 3.0% for convenience store payments, 3.0% for Pay-easy, 5.0% for Mobile Edy, and 5.0% for Mobile Suica.

Stripe offers lower payment processing fees overall.

Security

• Stripe is certified as a PCI Service Provider Level 1¹.
• GMO Payment Gateway has obtained ISO27001² certification and fully complies with PCI DSS³, enabling secure credit card transactions.

Both services excel in terms of security.

Summary

This article compared Stripe and GMO Payment Gateway, focusing on three aspects. In terms of payment flexibility, Stripe supports more credit card brands, while GMO Payment Gateway offers a wider variety of payment methods. Regarding fees, Stripe is more cost-effective for credit card, convenience store, and bank transfer payments. Both services are equally excellent in terms of security. Use this article as a reference to choose the payment processing service that best fits the needs of your business.

Explanation of Terms

1. The certification is granted to companies handling over 300,000 credit card transactions annually and is considered the most stringent level of certification in the payment industry.
2. An international standard for information security management systems related to managing the information assets of organizations.
3. A security standard established for handling credit card information, applicable to all businesses that process credit cards.