A common question we get is "Can I not use Stripe and connect with xyz Merchant Account, aka Merchant Processor, aka Gateway?"
The answer is "No, we only use Stripe as a processor." If you're considering another processor for a better deal, here are some reasons why it may not be as good as it seems.
Stripe has no shady business practices and uses a flat fee structure, so you know exactly what you're paying for each transaction without any hidden fees.
Other processors may quote you a low transaction percentage, but it's only applicable to specific transactions, while most of your transactions could be charged at a higher rate. To compare apples to apples, you need to know the average rate, which may not be revealed until you've used them for a while.
Other processors may have hidden fees with obscure names, making it hard to calculate your transaction costs accurately.
Stripe uses modern technology and has an easy on-boarding process, which benefits you as a customer.
We conduct an annual survey of gym owners in our industry to analyze statements from dozens of other merchant accounts and compare the actual average transaction cost. Results show that Stripe offers competitive rates compared to other processors.
ACH fees at .8% plus 30 cents beat any other processor's fees.
In summary, we only use Stripe as a processor because they offer transparent fees, modern technology, and an easy on-boarding process. We continuously search for better deals but have yet to find a competitor that matches Stripe's service and rates.
Heres some background history on how Stripe has risen to dominate effortless payments
PushPress is a fitness club software with expertise in streamlining and professionalizing gyms. With decades of experience running their own, PushPress has created the ultimate solution for others to take advantage of as well.