Payment Gateway Comparison
MAGNETPAY vs Stripe: Full Comparison
Stripe is the default choice for many startups, but it falls short for businesses that need crypto payments, multi-provider routing, high-risk support, or built-in compliance tools. See how MAGNETPAY stacks up feature by feature.
Feature-by-Feature
Comprehensive Feature Comparison
| Feature | MAGNETPAY | Stripe | Notes |
|---|---|---|---|
| Fiat Payment Processing | Both offer comprehensive card processing | ||
| Crypto-Native Payments | MAGNETPAY supports 8 blockchain networks natively | ||
| Card Issuing (Virtual & Physical) | MAGNETPAY aggregates 4 providers; Stripe uses single provider | ||
| Multi-Provider Routing | Intelligent failover across multiple PSPs | ||
| High-Risk Merchant Support | Stripe actively blocks high-risk verticals | ||
| Subscription Billing | Both offer recurring billing with dunning | ||
| Multi-Currency Accounts | MAGNETPAY: 30+ currencies with real-time FX | ||
| Global Payouts (Bank + Crypto) | Stripe Connect payouts only; no crypto payouts | ||
| Built-in KYC / KYB | MAGNETPAY includes identity verification out of the box | ||
| AML Screening | Integrated sanctions and PEP screening | ||
| Checkout Sessions | Both offer hosted and embedded checkout | ||
| Invoicing | Both support invoice generation and tracking | ||
| Webhook Signatures (HMAC) | Both use signed webhook payloads | ||
| Real-Time Risk Engine | MAGNETPAY: ML scoring + custom rules engine | ||
| Settlement Configuration | MAGNETPAY: flexible settlement windows per merchant | ||
| White-Label / Multi-Tenant | Full white-label capability for platforms | ||
| Open API Documentation | Both offer comprehensive REST APIs |
Pricing
Transparent Pricing Comparison
| Item | MAGNETPAY | Stripe |
|---|---|---|
| Domestic Card Processing | 2.4% + $0.20 | 2.9% + $0.30 |
| International Cards | 3.2% + $0.20 | 3.9% + $0.30 |
| Crypto Payments | 1.0% | N/A |
| Card Issuing (per card) | $0.50 virtual / $3.00 physical | $0.10 virtual / $3.00 physical |
| Payouts | $0.25 per payout | $0.25 per payout |
| Subscription Billing | 0.5% of invoice | 0.5% of invoice |
| Chargebacks | $10.00 | $15.00 |
| Monthly Platform Fee | Free (pay-as-you-go) | Free (pay-as-you-go) |
Use Cases
Where Each Platform Wins
Choose MAGNETPAY When You Need
- Crypto-native payment acceptance alongside fiat
- Multi-provider routing for higher approval rates
- High-risk merchant processing (gaming, adult, forex)
- Card issuing across multiple BIN sponsors
- Built-in KYC/KYB and AML screening
- White-label payment infrastructure for platforms
- Crypto + fiat payouts in a single API
- Real-time FX conversion across 30+ currencies
Stripe Is Better When You Need
- Mature no-code tools (Payment Links, Invoicing UI)
- Extensive third-party plugin ecosystem
- Stripe Atlas for US company formation
- Revenue recognition and tax automation
- Simple low-risk business with domestic-only transactions
- Pre-built UI components (Stripe Elements)
Ready to Migrate from Stripe?
Our migration toolkit maps Stripe API objects to MAGNETPAY equivalents. Move your customers, payment methods, subscriptions, and webhooks with minimal code changes. Most teams complete the migration in under 5 business days.
FAQ
Frequently Asked Questions
Can I migrate from Stripe to MAGNETPAY easily?
Yes. MAGNETPAY provides a migration toolkit that maps Stripe API objects (Customers, PaymentIntents, Subscriptions) to MAGNETPAY equivalents. Most integrations can be migrated in under a week with our dedicated migration support team. We also support running both platforms in parallel during the transition period.
Does MAGNETPAY support Stripe-style webhook events?
Absolutely. MAGNETPAY uses HMAC-SHA256 signed webhook payloads with a similar event structure. Events include payment.completed, payment.failed, subscription.renewed, card.created, and 40+ more. You can configure multiple webhook endpoints with event filtering, just like Stripe.
Why choose MAGNETPAY over Stripe for high-risk businesses?
Stripe explicitly prohibits many high-risk verticals including online gambling, adult content, and certain financial services. MAGNETPAY was built with high-risk merchants in mind, offering multi-provider routing that distributes transaction volume across approved processors, reducing decline rates and account termination risk.
How does MAGNETPAY multi-provider routing compare to Stripe?
Stripe processes all transactions through its own acquiring network. MAGNETPAY routes transactions across multiple payment service providers based on configurable rules (geography, card type, amount, risk score). This means higher approval rates, lower costs through competitive routing, and automatic failover if one provider goes down.
Explore More
Payment Gateway
Multi-provider card processing
Card Issuing
Virtual and physical cards
Crypto Payments
8 blockchain networks
High-Risk Industries
Gaming, forex, adult
SaaS Billing
Subscription infrastructure
International Payments
Cross-border processing
Compare vs Square
API-first vs POS-first
Compare vs Razorpay
Global coverage comparison