Best Stripe Alternatives 2026
The default way to accept online payments, with pricing that only costs you when you get paid. If that is not the right fit, here are the 2 best payments alternatives, with honest pricing and who each one actually suits. Skill level: Low-code.
Search all tools and guides
Why businesses switch from Stripe
Wave
The only accounting tool (software for tracking your business income, expenses, and profit) that is genuinely free for invoicing and bookkeeping, but the ability to collect payments on your invoices only works in the US and Canada.
What we like
- ✓Core invoicing and accounting is completely free with no limits and no credit card required, a unique offer in the accounting software category
- ✓Connects directly to bank accounts and automatically imports transactions for one-click categorisation (labelling each transaction by type)
- ✓Sends professional branded invoices with automatic payment reminder sequences (follow-up emails to clients who have not paid)
Watch out for
- !Wave Payments (online card collection on invoices) is restricted to the US and Canada, a hard stop for African businesses wanting clients to pay invoices digitally
- !Payroll is US and Canada only, which limits Wave's usefulness for businesses with employees outside North America
- !No inventory tracking: Wave does not monitor stock levels or calculate cost of goods sold (the cost of making what you sell)
Best for
- ✓Freelancers sending 5 to 50 invoices per month who will not pay for accounting software when a free option exists
- ✓Solo entrepreneurs needing a profit and loss report (a summary of income versus expenses) for tax season without hiring a bookkeeper
- ✓Consultants in Africa tracking client retainers (monthly fixed-fee arrangements), expenses, and outstanding payments in one free dashboard
- ✓Service businesses with under 10 employees that do not need payroll features outside the US or Canada
- ✓New business owners who want to start tracking finances from day one at zero cost
- ✓Anyone migrating off a bookkeeping spreadsheet who wants a clean, free starting point
- ✓Startups in emerging markets where a $30/mo accounting tool represents a meaningful monthly cost
- ✓Anyone who tried QuickBooks, found it more than they needed, and wants something simpler at no cost
FreshBooks
The easiest accounting software for service businesses, but growing teams will quickly hit restrictive client limits on the cheaper plans.
What we like
- ✓The user interface is incredibly clean and designed specifically for non accountants
- ✓Automated payment reminders politely chase clients so you do not have to
- ✓Built in time tracking lets you log hours directly against a client project
Watch out for
- !The entry level plan hard caps you at only five billable clients
- !Adding team members costs an additional $11 per user per month
- !Lacks the deep inventory management features found in specialized accounting tools
Best for
- ✓Freelance graphic designers sending monthly retainer invoices
- ✓Marketing agencies tracking hourly work across multiple client projects
- ✓Consultants needing professional estimates that convert into invoices
- ✓Solo entrepreneurs who hate complex accounting software
- ✓Web developers wanting to automatically charge clients every month
- ✓Photographers needing a simple way to collect deposits online
- ✓Lawyers tracking billable hours down to the exact minute
- ✓African service businesses invoicing international clients via Stripe
Still not sure which tool to pick?
Stripe saves 2-3 hours/week. But only if it fits your workflow. Tell us what you need and we will point you to the right tool.