Difference Between Stripe and Google Pay

Edited by Diffzy | Updated on: April 30, 2023


Difference Between Stripe and Google Pay

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Before the development of the payment system, if we needed to make a payment, we were required to see the participants in person or wait in a long line at the bank to make a money order or remit our check in order to collect the funds. This was before the payment system was able to facilitate electronic transactions. In general, making a payment or receiving money was a time-consuming operation. However, the technique of payment has seen a radical transformation ever since the advent of the digital payment system.

In comparison to Stripe, which has 2516 reviews and a rating of 4.68 out of 5 stars, Google Pay only has 371 reviews and an overall rating of 4.58 out of 5 stars.

Stripe vs Google Pay

The main difference between Stripe and Google Pay is that Stripe is the payment solution for eCommerce enterprises of any size, whilst Google Pay is a digital wallet as well as an online payment system for people as well as for persons operating small businesses.  In addition to offering online companies a method for accepting digital payments and preventing fraudulent behavior, Stripe enables businesses to manage their invoices and subscriptions and includes an integrated billing system. In order to pay for goods online or buy items online, Google Pay users add the data of their credit or debit card to their Google Pay account. This allows the users to make payments or purchases online.

Stripe is a company that specializes in technology and develops an economic system for use on the internet. The software developed by Stripe is used by organizations of varying sizes, ranging from fledgling startups to multi-national enterprises, in order to manage their online company operations and handle cash payments. Stripe is a company that was established in 2010 with the intention of simplifying the process of accepting online payments. At first, Stripe was only able to execute the most fundamental domestic credit card transactions in the United States. However, throughout the course of time they have extended their operations to accommodate the majority of the main payment methods from all over the globe.

Stripe is difficult for eCommerce retailers that are searching for credit card processing services and a payment gateway to overlook if they are in the market for any of them. This organization is both a payment service provider (PSP) and a payment gateway provider, making it one of the biggest and most well-established suppliers in the field of online payments. It also provides payment gateways. You may take payments made using credit cards, debit cards, and even transactions made via an automated clearing house (ACH) on your website by using Stripe. This eliminates the need to piece together a payment solution that depends on the services provided by a number of different businesses.

Stripe is the payment processing platform behind some of the most well-known and successful businesses in the world, including Lyft, Under Armour, Blue Apron, and Pinterest. In point of fact, the corporation claims that it has handled the processing of 89 percent of all credit cards at some time or another using its own network. Because it is capable of dealing with more than 135 different currencies, it is a typical choice for businesses that conduct their operations on a global scale.

Users are able to make payments using their Android phones, tablets, and watches in-app, online, or in-person with the help of Google Pay, which is a digital wallet platform and an online payment system. Google Pay may be used to pay for a variety of other cards, including coupons, boarding passes, university ID cards, auto keys, event tickets, cinema tickets, ticket loyalty cards, and more. Near-field communication is used by Google Pay in order to allow monetary transactions with shops (NFC). Users are now able to avoid using credit or debit cards at point-of-sale terminals by taking use of a technology that enables them to instead upload the information for their credit or debit cards to their Google Pay wallet.

Your Google account serves as the connection between your physical wallet and Google Pay, which is a digital wallet. You can use it to transfer or request money with friends (sort of like Venmo), you can use it in applications to pay for items, and you can use it in a shop or restaurant with an Android phone or watch running Wear OS. All of these things can be done with Apple Pay. But probably the most compelling argument for using Google Pay is the fact that it is both more convenient and safer than using a traditional debit or credit card.

As of 2018, Google Pay has replaced both Android Pay and Google Wallet. It is able to function without transmitting merchants and restaurants your real credit card data. Your debit and credit card information is, in essence, kept in a safe location on Google's computers. However, rather than transferring the actual card numbers, Google Pay utilizes a token that is referred to as a virtual account number as a stand-in for those data.

Google has continued to expand the app's feature set throughout the course of its existence. You may utilize membership cards, gift cards, transport cards, and even obtain special offers for certain products and services, as well as store and use these types of cards.

Difference Between Stripe and Google Pay in Tabular Form

Parameters of Comparison Stripe Google Pay
Founded 2010 2015
Competitors  Including but not limited to Checkout.com, Pine Labs, Klarna, Razorpay, and Fundbox.  Paytm, Amazon Pay, TransferWise, and Payoneer are some of the options. Coinbase, WePay, and a number of others
Services  Payments, Billing, Connect, Sigma, Atlas, Radar (fraud protection), Issuing, and Terminal are some of the services that are provided. Payments made over the internet, tickets to events and movies, and rides on public transit
Founder Patrick and John Collison Sujith Narayanan and Sumit Gwalani
Headquarters San Francisco, California, US, and Dublin, Ireland Google, US

What is Stripe?

Stripe is a payment processor or gateway that enables your clients to send payments in a number of different currencies directly from their bank accounts or credit cards in a secure and time-efficient manner.

It also enables businesses make one-time payments as well as payments based on a subscription model, and it provides a wide variety of other supplementary services, such as automated billing and invoicing, as well as automation of sales tax calculations.

The fact that your organization may use a Stripe Terminal, which is the name of the company's point-of-sale system, in order to collect payments in person is an even more intriguing development. As a consequence of this, Stripe is the optimal choice for handling the processing of payments made both online and offline.

In addition, the API that Stripe provides for developers is user-friendly, extensive, and robust. It also has a URL that is resource-oriented and uses HTTP to control mistakes in the code. Therefore, the solution that Stripe.js provides is useful to the developers; nevertheless, more on that subject will be discussed later.

In addition to being fast and simple to set up and offering competitive pricing, Stripe enables users to construct their own e-commerce platforms via the use of the company's application programming interface (API). Because of this, an increasing number of businesses all around the globe, like Amazon, Google, and Zoom, have put their faith in Stripe to handle the management of their payments and subscriptions.

Stripe is responsible for everything that has to be done after a consumer has provided their credit card information and before they are notified that their payment has been received and is thus approved. In addition, Stripe has made the service process easier to comprehend and manage for company owners by streamlining and simplifying the steps involved.

As seen from the point of view of software developers, Stripe eliminates all of the monotony and hard work involved in the processing of payment systems by offering a reliable payment infrastructure accessible through a single, user-friendly application programming interface (API). Additionally, the application programming interface (API) is simple to integrate and comes with a variety of libraries or documentation that may be used into an e-commerce website.

In addition, the APIs provide explicit expectations for what is achievable and how to do it in a manner that is useful. Therefore, rather than focusing their time and energy on mastering the many regulations that surround banking, accounting, and Payment Card Industry (PCI) compliance, developers stick to what they are most skilled at: coding.

What is Google Pay?

The digital wallet and payment platform known as Google Pay is a product developed by Google. It makes it possible for customers to make purchases using their Android smartphones in-store as well as on websites, mobile applications, and Google services that are supported, such as the Google Play Store.

Users may make payments for in-store or online purchases by linking their credit or debit cards to their Google Pay accounts, which can then be used to complete transactions. When interacting with payment terminals, Google Pay on Android smartphones makes advantage of near field communication, often known as NFC. Users of Google's Chrome web browser who are registered in to their Google accounts may use Google Pay to complete transactions on websites that are compatible with the service.

Google Wallet was the first mobile payment system built by the firm, and it was released in 2011 for Android handsets. It was rebranded as Android Pay in 2015, and Google Wallet became exclusively dedicated to peer-to-peer (P2P) financial transactions.

In 2018, Google announced that Google Wallet will be included among the company's other payment options and given the branding of Google Pay. After that, Google Wallet became rebranded as Google Pay Send.

On Android smartphones, users may make payments using contactless technology with Google Pay. The iOS platform has support for both the peer-to-peer features and account access. However, if you want to use your iPhone or Apple Watch to make NFC payments, the only payment method that will work is Apple Pay.

The Google Pay service is compatible with the services of hundreds of financial institutions and payment providers. In particular, credit cards issued by Visa, MasterCard, Discover, and American Express are singled out as candidates for assistance. Users who are unclear about their financial institution's interoperability with Google Pay can contact their financial institution directly. In addition, the user page for Google Pay has a list organized by nation that details the banks that are supported by Google Pay.

There is also a list of highlighted merchants and transportation organizations that use Google Pay that can be found on the Google Support website. When using a terminal, customers should search for the Google Pay icon or the symbol for contactless payment. Users are required to have the Google Pay app installed on their smartphone and to have connected a card to their account before they can make a payment using Google Pay.

After making a purchase using Google Pay, a record of the transaction history will be stored in the user's Google account so that it may be retrieved and reviewed at a later time.

When you record a transaction with Google Pay, the service will produce a one-of-a-kind number that is encrypted rather than using your real credit card number. In addition, if the user disables screen lock on their smartphone, then this virtual account number will be destroyed as well.

In the event that a device is misplaced, the Find My Device tool offered by Google may be utilized to remotely delete private data if this becomes required. Users now have the option to enter into their Google Pay account from a different device and detach any cards or bank accounts that they have linked.

Main Differences Between Stripe and Google Pay in Points

  • Stripe is a payment processing platform that is both user-friendly and optimized for mobile applications and websites. On the other hand, you may use Google Pay to make payments at a variety of online retailers as well as purchase products from those sites.
  • In contrast to Google Pay, which comes under the category of payment processor, Stripe also falls under the category of Software as a service.
  • The ability for consumers to make payments without having to go away from the site is one of the many advantages of using Stripe. In contrast, Google Pay does not charge any additional fees to its consumers, despite the fact that it offers a feature called Tap To Pay, which streamlines and speeds up the payment process.
  • Stripe was once known as Slash Dev Slash Payments, whereas Google Pay was formerly referred to as Android Pay when it was first introduced.
  • Stripe is a privately held firm, while Google Pay is an open-source platform for digital wallets.
  • In comparison, Stripe has 2516 reviews and an overall rating of 4.68 out of 5 stars, whereas Google Pay only has 371 reviews and an overall rating of 4.58 out of 5 stars.
  • The documentation and application programming interface (API) that Stripe has developed are models for the whole software industry. Unlike Google Pay, which was connected with M-Pesa, a Kenyan mobile money solution, making it extremely easy to pay for things without needing a debit or credit card was among its many advantages. Clear, simple, polished, and powerful were all among its attributes.
  • Stripe is really good and fast, and has cheap commissions and good integrations, whereas Google Pay is very useful in every way and more secure because you do not need to carry a greater amount of cash whenever you go to a mall or even a grocery store. However, Google Pay is more secure because it does not require you to carry a larger amount of cash whenever you go shopping.


Because of the convenience of electronic payments, people's financial behaviors have changed. It made the process of conducting transactions both more efficient and more safe. The meteoric emergence of the internet was roughly contemporaneous with the advent of online payment systems. Because of this new and better form of payments, not only are we able to save a significant amount of time and effort, but it has also contributed to the expansion of many online businesses.

When we used to carry cash in the past, we felt nervous and unsafe, and we feared that it would be stolen or lost. However, this is no longer the case. Now, all we have to do is press a button on our phone or computer, and the payment is complete; it's as simple as that.



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"Difference Between Stripe and Google Pay." Diffzy.com, 2023. Tue. 06 Jun. 2023. <https://www.diffzy.com/article/difference-between-stripe-and-google-pay-571>.

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