Streamline And Make It Convenient To Collect Customer Payments
Written by Josh Hines • August 28, 2024 • 3 Minute Read
Stripe
Online payment processing for internet businesses. Stripe is a suite of payment APIs that powers commerce for online businesses of all sizes, including fraud prevention, and subscription management.

Payment Processing
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The best part about running a business is when you're able to close a deal and accept payment. Making this part of the process convenient will allow you to close deals more effectively and a good payment system will help you in reducing churn too.
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Digital Payments Or Traditional ACH
These days we don't deal with checks or cash, so that really leaves you with two options digital payment processors and ACH payments where you wire transfer funds from bank to bank.
Because you're in SaaS and most likely work from a recurring subscription model, digital payment processors are probably your best bet but be sure to research both, you could find yourself allowing both payment types to exist, and some digital payment processors except ACH as well.
The big difference in payment processors is when you take your platform global, you'll want to find something that can scale as your organization does.
Reducing Your Churn Rates
One of the important aspects of a SaaS business is reducing your churn rates. What most people overlook with this rate is they think it's about their platform, what they don't realize is that most of your churn, up to 40%, is due to an expired card on file.
Having a good payment processor that monitors the card on file and makes it easy to update if it expires will drastically reduce your churn rates and ensure you can drive higher LTV.
Stripe Payment Processing
Simplify your integration using Stripe Checkout. It dynamically adapts to your customer's device and location to increase conversion and supports coupons, tax rates, and more.
Paddle Payment Processing
Paddle offers SaaS companies a completely different approach to their payments infrastructure. Instead of assembling and maintaining a complex stack of payments-related apps and services, we're a merchant of record for our customers, taking away 100% of the pain of payment fragmentation. It's faster, safer, simpler, and above all, way better.
Recurrly Payment Processing
Thousands of global brands run their subscription business on Recurly. They trust our enterprise-class subscription management and billing platform to create deep connections with their subscribers, build recurring income streams, and exponentially grow revenue.
Chargebee Payment Processing
Chargebee is the recurring revenue management platform for a global scale. Leading companies trust Chargebee to power their full recurring revenue lifecycle, from subscription billing and invoicing to cash, accounting, renewal, and more.
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Stripe
Online payment processing for internet businesses. Stripe is a suite of payment APIs that powers commerce for online businesses of all sizes, including fraud prevention, and subscription management.
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