Stripe is the default choice for many internet businesses thanks to its powerful payment APIs, broad ecosystem, and ability to scale from first checkout to enterprise-grade billing. But the alternatives landscape is increasingly defined by “Merchant of Record” platforms like Paddle, Lemon Squeezy, Dodo Payments, and Polar, which bundle taxes, compliance, and often a smoother out‑of‑the‑box selling experience—sometimes adding differentiated features like license keys (Lemon Squeezy) or open-source, developer-first simplicity (Polar). PayPal remains a different kind of alternative: less of a payments infrastructure stack and more of a ubiquitous consumer wallet and global payout rail that can reduce checkout friction.
In evaluating options, the key considerations were MoR coverage (tax/VAT handling and liability), onboarding and approval transparency, support responsiveness, payout reliability, developer experience (API quality, webhooks, docs, sandbox), checkout UX and conversion impact, pricing predictability/fees, and global reach (including regions where Stripe is harder to use).