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Stripe Billing Alternatives

A curated collection of the 6 best alternatives to Stripe Billing.

The best alternative to Stripe Billing is Hyperswitch. If that doesn't suit you, we've compiled a ranked list of other open source Stripe Billing alternatives to help you find a suitable replacement. Other interesting alternatives to Stripe Billing are: Crater, Lago, OpenMeter and Formance.

Stripe Billing alternatives are mainly Billing & Invoicing but may also be API Development & Testing or Payment Gateways. Browse these if you want a narrower list of alternatives or looking for a specific functionality of Stripe Billing.

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A unified payment infrastructure that connects multiple payment processors through a single API integration, enabling global payment processing

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Hyperswitch is a powerful open-source payment orchestration platform that simplifies global payment processing.

Key benefits include:

  • Single API Integration: Connect to multiple payment processors through one unified API, eliminating the need for multiple integrations
  • Smart Routing: Optimize payment success rates with intelligent routing algorithms based on factors like cost, performance, and business rules
  • Cost Optimization: Gain visibility into payment costs across processors and reduce expenses through strategic routing
  • Global Coverage: Access a wide network of payment processors and methods to facilitate international transactions
  • Enhanced Security: Built-in security features and compliance with industry standards to protect sensitive payment data

The platform offers modular components including payment processing, reconciliation, analytics, and fraud prevention that can be customized based on business needs.

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Looking for alternatives to other popular services? Check out other posts in the alternatives series and wtcraft.com, a directory of open source software with filters for tags and alternatives for easy browsing and discovery.

Crater offers AI-driven invoicing workflows, payments, and working capital tools to enhance your platform with minimal technical effort.

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Crater: Revolutionizing Financial Operations with AI

Crater is an innovative AI-powered embedded AR/AP automation solution designed to transform how platforms handle financial operations. With minimal technical lift, you can integrate powerful tools that streamline invoicing, payments, and working capital management.

Key Features:

  1. Intuitive Invoicing Workflows: Simplify the process of paying and getting paid with user-friendly interfaces.

  2. Seamless Payment Integration: Offer ACH and card acceptance with simplified onboarding for your users.

  3. Working Capital Tools: Solve cash flow challenges with advanced AR/AP features, including 'Buy Now, Pay Later' options.

  4. Accounting Automation: Enable effortless data integration between your platform and popular accounting software.

  5. AI-Powered Financial Copilot: Get instant answers to financial questions, create invoices, and generate reports with ease.

Benefits for Your Platform:

  • New Revenue Channels: Unlock additional income streams by offering advanced financial services.
  • User Empowerment: Provide your users with tools to manage their finances more effectively.
  • Rapid Deployment: Integrate Crater's features quickly with minimal development resources.
  • Customization: Tailor the solution to fit your specific industry needs and user base.

Crater's AI-driven approach ensures that your platform stays at the forefront of financial technology, offering a competitive edge in today's fast-paced digital economy. By automating complex financial processes, you free your users to focus on growing their businesses while providing them with the tools they need to succeed.

Get Started with Crater

Transform your platform into a fintech powerhouse. Contact us today for a demo and discover how Crater can elevate your offering and drive user satisfaction.

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Open-source billing system that handles metering, usage-based pricing, and invoicing at scale. Perfect for AI, cloud, and API companies needing flexible monetization.

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Lago delivers enterprise-grade billing infrastructure that scales with your business needs. The platform excels at processing high-volume usage data (up to 15,000 events/second) and converting it into accurate invoices through real-time metering.

Key capabilities include:

  • Flexible pricing models supporting pay-as-you-go, hybrid plans, and complex usage-based scenarios
  • Real-time usage metering with an event-based architecture that handles massive scale
  • Automated invoicing that calculates charges and generates professional invoices
  • Revenue optimization tools including prepaid credits, coupons, and instant add-ons

As an open-source solution, Lago provides full transparency and customization options. Companies can audit the code, maintain data control, and build custom features on top of the core platform. The system integrates seamlessly with popular tools like Stripe, NetSuite, AWS Marketplace, and accounting software.

Trusted by industry leaders including Mistral AI, Algolia, and Github, Lago has proven its ability to handle complex billing requirements at scale. The platform is particularly valuable for AI companies, cloud services, API providers, and fintech firms needing sophisticated usage-based monetization.

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OpenMeter provides scalable usage-based billing and real-time metering for AI, API, DevOps, and IoT applications, available as open source or cloud-hosted.

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OpenMeter is a powerful open source solution for usage metering and billing, designed specifically for developers working with AI and cloud services. It offers a robust platform to implement usage-based pricing models, track cloud costs, and handle real-time data use cases across various domains including AI, APIs, DevOps, and IoT.

Key features and benefits:

  • Scalable event ingestion: Meter millions of events per second with low latency, ensuring accurate usage tracking even for high-volume applications.
  • Real-time aggregation: Get instant, accurate usage data to power billing use-cases and customer dashboards.
  • Flexible integration: Out-of-the-box integrations with popular AI tools, cloud infrastructure, and frameworks, plus SDKs for languages like Node.js, Python, and Go.
  • Usage-based billing support: Turn any events, logs, and metrics into revenue with customizable pricing models.
  • Customer dashboards: Build real-time usage monitoring interfaces for your customers using embeddable components and React hooks.
  • Balance and quota management: Track customer balances, credits, and enforce usage limits to protect your margins.
  • Low latency limit enforcement: Implement usage gating at the edge to prevent expensive overages, especially crucial for LLM and compute-intensive applications.

OpenMeter is available in two deployment options:

  1. Cloud-hosted: A fully managed solution with a user-friendly interface, professional support, advanced reporting, and cost attribution features.
  2. Open Source: Self-hosted deployment under the Apache 2.0 license, ideal for teams requiring complete control over their infrastructure.

With its focus on developer experience and scalability, OpenMeter simplifies the complex task of implementing usage-based pricing and metering for modern cloud and AI applications. Whether you're building a new AI product, scaling your revenue operations, or consolidating your software stack, OpenMeter provides the tools and flexibility to accurately measure and monetize your services.

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Build custom financial flows and integrate with any provider using Formance's agnostic platform

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Formance provides an open source financial core to build and scale modern financial products. Its modular platform allows businesses to:

  • Own their financial infrastructure with open source components and flexible hosting options
  • Integrate any financial provider through an agnostic abstraction layer
  • Create custom financial flows with a fully programmable system

Key features include:

  • Ledger: Record real-time money movements in a scalable financial ledger
  • Connectivity: Easily connect to payment processors and financial providers
  • Flows: Define and orchestrate complex financial workflows
  • Reconciliation: Automate reconciliation across multiple data sources

Formance enables product and engineering teams to build bespoke financial capabilities without being limited by legacy systems or vendor roadmaps. The platform is designed for scalability, with enterprise-grade security including SOC 2 and ISO 27001 certifications.

By providing core financial infrastructure as open source software, Formance allows businesses to maintain control and flexibility as they grow. The modular architecture makes it easy to start small and expand functionality over time.

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Optimize Stripe Radar rules, enhance data insights, and improve fraud detection with advanced analytics and real-time monitoring.

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Trench takes your Stripe Radar to the next level, offering a comprehensive solution for businesses seeking to enhance their fraud prevention capabilities. By seamlessly integrating with your existing Stripe setup, Trench provides a powerful suite of tools and features designed to optimize your fraud detection and prevention strategies.

Key benefits of Trench include:

  • Enhanced Data Integration: Trench combines your Stripe data with signals from various data providers and a custom device SDK, giving you a more comprehensive view of potential fraud risks.

  • Rule Optimization: Our expert analysts analyze your unique data patterns to create tailored, optimized rules that work best for your business, improving the accuracy of fraud detection.

  • Real-time Monitoring: The Trench dashboard offers a real-time view of your integration's performance, allowing you to stay on top of potential issues and trends.

  • Advanced Analytics: Gain deeper insights into your fraud prevention efforts with Trench's advanced analytics capabilities, helping you make data-driven decisions.

  • Seamless Stripe Integration: Trench works alongside your existing Stripe Radar setup, enhancing its capabilities without disrupting your current workflows.

By leveraging Trench, businesses can significantly reduce false positives, minimize chargebacks, and improve overall fraud prevention effectiveness. Whether you're a small startup or a large enterprise, Trench adapts to your needs, providing a scalable solution that grows with your business.

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