Payment Gateways

Choosing the right payment gateway for your business involves considering several criteria such as price, device compatibility, currency and payment method coverage, and security compliance like PCI DSS. Businesses often start with a gateway that is easy to implement and later upgrade or add options like PayPal or cryptocurrencies based on user needs. Stripe, though popular for its robust API, locks users into its ecosystem, limiting integration with other payment methods like PayPal. Alternatives such as Paddle, Mollie, and Adyen offer different advantages, including ease of administrative tasks and broader payment method integration, particularly in Europe. Cryptocurrencies are also an option, providing benefits like faster cross-border transactions and lower fees. Lago's open-source, API-first architecture allows for flexibility in choosing and integrating multiple payment gateways, enabling businesses to manage billing and payment processing efficiently.