UnionPay International
UnionPay has been around since the dotcom bubble, and has earned it’s fair share in the payment space. UnionPay may also be known as CUP (China Union Pay) or UPI (Union Pay International)
UnionPay International compared to Stripe
Versus
Features
| UnionPay International | Features | Stripe |
|---|---|---|
| Shanghai, China | HQ Based | Dublin, Ireland and San Fransisco, USA |
| Settlements | Stripe can settle in several currencies. Currency specific fees are applicable to settlements | |
| Supported Merchants | ||
| Fee structure | EUR0.25 per transaction plus at least 1.4% of the transation and additional costs of addon products or based on card country origin. Generally this boils down to ~3% per transaction | |
| Bank fees | ||
| 136 currencies to date | Currencies | 136 currencies to date |
| Credit Cards, POS, and Direct Banking | Payment Methods | Credit Cards, POS, and Direct Banking |
| Recurring Payments | ||
| Developer Friendly | ||
| Apple Pay Support | ||
| Point of Sale Support | Stripe Terminal is a relatively new product launched by Stripe that enables people to use strupe for their POS | |
| Unsupported Paid Feature Supported Unknown | ||
Descriptions
UnionPay has been around since the dotcom bubble, and has earned it’s fair share in the payment space. UnionPay may also be known as CUP (China Union Pay) or UPI (Union Pay International)
Stripe
Stripe has been ‘the new kid on the block’ for the past years. Stripe gained gigantic traction by building a developer friendly product that’s got all you would ever need to run an online shop in western countries.
Their expansion into becomming the worlds best global PSP is progressing perfectly, as