Here is a quick introduction to choosing your payment gateway.
This widely depends on your business, but the main criteria are:
You might want to change payment gateways or add options over time, that’s why we kept Lago’s architecture open:
Please note that if you use Stripe Billing to manage your subscriptions, you can only use Stripe Payments to process payments. Stripe Billing charges 0.5% of the transaction volume, in addition to Stripe Payments existing fees.
If you have an existing Stripe (Billing & Payments) setup, and would like to add PayPal or Crypto Payments to your checkout, you’ll need to build an entirely new billing logic outside of Stripe Billing. In other words, although Stripe built amazing products, you’re definitely locked in.
Here are the payment gateways we recommend. It’s very simple to pull data from Lago API into these gateways, and we’re working on building ‘point and click’ integrations in the future (you can contribute to this too!).
Pricing: $0.29 + 1.4%-2.9% ; excluding:
Mollie and Adyen are two well known payment alternatives based in Europe, that integrate with PayPal, European payment methods and actors (such as Buy-Now-Pay-Later leader Klarna). Mollie is targeting SMBs and growing companies, whereas Adyen is more on the Enterprise side.
It’s also possible to accept payments in cryptocurrencies while you use Lago for billing.
Why would users prefer crypto payments? Some of the most popular use cases are:
Here is a non exhaustive list of crypto payment processors:
Lago is an open-source, API-first application, and its architecture is open, by design. So you can use any and/or several of these gateways (and all the other ones we have not covered yet) with Lago, using our endpoints and webhooks.
Lago will process and calculate how much you should charge a user and when, and send this information to your favorite payment gateway, so that your user can proceed to the actual payment.
We’ll also continuously work on creating native integrations with the most demanded ones.
Do you still have questions about your Pricing Stack, and which payment gateway(s) you should choose? Reach out at firstname.lastname@example.org.