5 SaaS Payment Providers to Make Billing a Breeze

If you are looking for a Saas payment provider, it can be overwhelming when faced with the vast array of solutions available online. There are commonly known tools such as Stripe, or Paypal, but there are also less commonly known tools like Chargebee, Recurly, and others that may be a better fit for your business needs, and specifically, the needs of a SaaS company.

Collecting payment for your SaaS product can be a tricky business. Decisions like the choice between multiple pricing plans, monthly or annual payment schedules, recurring payments, etc make it confusing. This can complicate the billing process and as you scale and solving for every individual customer manually becomes impossible.

Here at SegMetrics, we’ve put together a list of SaaS payment providers that might fit your particular needs. Read on to learn more.

1. Chargebee

Chargebee is a subscription management software for recurring billing and a SaaS payment provider. Even though Chargebee does not come with its own payment gateway and merchant account, it offers seamless integration with providers like Stripe, Paypal, and about 25 others. Chargebee is designed to cater to SaaS subscription models specifically.

2. Recurly

Recurly is the innovator behind revenue optimization and automatic renewal of cloud subscriptions, for instance for software-as-a-service (SaaS) or any subscription-supported platform. Recurly’s Revenue Optimization Engine solves the thorniest problems that keep marketers from increasing revenue per customer. And it does this with a simple, intelligent technology built into every major billing platform. As a SaaS payment provider for recurring revenue, Recurly is a fantastic option.

3. Braintree

Another option for billing for your SaaS company is Braintree. Braintree is one of the best software platforms for running a cross-platform payment business. Reach more buyers and drive higher conversion with the only payments platform that delivers PayPal, Venmo (in the US), credit and debit cards, and popular digital wallets like Apple Pay and Google Pay in a single, seamless integration. With the rise in popularity of digital wallets, Braintree makes a great option for a seamless, fast SaaS payment provider.

4. Easy Pay Direct

For higher-risk companies, Easy Pay Direct is a payment gateway that replaces popular services like Stripe and Authorize.net. The service offers stronger security and fraud protection than market standards, making it an ideal choice for high-risk businesses. Unlike Stripe, which was recently hit with a class-action lawsuit, EPD’s Gateway provides top-notch Level I PCI-compliant security to ensure that your company is in compliance with the newest laws and regulations governing data conveyance. Easy Pay Direct is a great option for high volume SaaS payment providers.

5. Stripe

Stripe is one of the largest SaaS payment providers online, and can accept payments for nearly any kind of business.  Stripe offers the ability to pay via ACH, credit cards, and mobile wallet payments like Apple Pay and Google Pay, as well as via subscription and payment plans.  Stripe offers a robust dashboard that gives you a quick read of your KPIs, as well as offering reporting tools for all your payments.

Seamlessly integrate any of the options above into your SegMetrics account to get a detailed look at your sales process and your customer’s journey through it. With SegMetrics, you can track your payment attribution for months, even years – and get the correct sales attributed to the correct click for data showing your SaaS company’s true health. Start your free trial today!