HitPay vs Stripe

Fees, tax handling, payouts and coverage side by side, plus how many verified RevMRR startups use each.

The short version

Neither is a merchant of record, so with either one you register for and remit sales tax and VAT yourself.
On the standard published rate, HitPay (2.8%) is cheaper per transaction than Stripe (2.9% + $0.30).
Pick HitPay for: singapore sole traders, shops, F&B outlets, tutors, studios and small online sellers whose customers pay mostly by PayNow or local wallets, and who want online and in-person payments on one dashboard without a monthly fee..
Pick Stripe for: online-first businesses — SaaS, ecommerce, subscriptions, marketplaces — with access to developer talent, and any company selling internationally that needs multi-currency support and rich analytics..

	HitPay

RevMRR Score	B76	B74
Type	Payment Processor	Payment Processor
Standard fee	2.8%	2.9% + $0.30
Monthly fee	$0	None
Merchant of record	No	No
Sales tax / VAT	You handle it	Paid add-on
Subscriptions	Supported	Supported
Payouts	Next day; cards from T+1 business day	First payout 7-14 days; then a rolling schedule…
Who can sign up	Founded in 2016, based in Singapore	Founded in 2010, based in San Francisco, CA
Payment methods	Cards, Apple Pay, Google Pay, Local Payment Methods	Cards, Apple Pay, Google Pay, Local Payment Methods
Best for	Singapore sole traders, shops, F&B outlets, tutors, studios and small online sellers whose customers pay mostly by PayNow or local wallets, and who want online and in-person payments on one dashboard without a monthly fee.	Online-first businesses — SaaS, ecommerce, subscriptions, marketplaces — with access to developer talent, and any company selling internationally that needs multi-currency support and rich analytics.
Used on RevMRR	Not connectable yet	0 verified startups

HitPay

HitPay is a sensible choice for a Singapore small business that wants PayNow, cards and the region's wallets on one account with published prices and no monthly fee. PayNow is cheap, especially at the counter, and the bundled store, invoicing and POS tools save a separate software bill. We hold it at B because card rates are ordinary list prices with a fixed S$0.50 on every payment, HitPay's own tools add 0.2% on top, the merchant agreement is a one-year auto-renewing term with wide discretion to hold funds, and reviewers describe slow support when something goes wrong.

+ No setup or monthly fee, and a detailed per-method price list for Singapore published on the website
+ PayNow is cheap, at 0.4% in person and 0.65% + S$0.30 online on payments of S$100 or more
+ Wide range of local methods: PayNow, GrabPay, ShopeePay, Atome, ShopBack, WeChat Pay, UPI and a cross-border QR for tourists
+ Online checkout, payment links, invoices, store, POS and Tap to Pay on one account
+ Licensed by MAS as a Major Payment Institution, including for merchant acquisition, with customer money held in a trust account
+ Non-card money pays out the next calendar day, with a S$1 minimum
– Card rates are standard list prices with a S$0.50 fixed fee on every payment, which is expensive on small tickets
– HitPay's own payment links, invoices, store, POS and recurring billing each add 0.2% per transaction, and the Shopify app adds 0.5%
– The merchant agreement is a one-year term that renews automatically and needs a month's notice before it ends
– The terms allow reserves, payout holds of up to 120 days to cover disputes, and withholding without a time limit on a suspected breach
– Custom rates require more than S$50,000 a month, and can be withdrawn after three months below that level
– Reviewers complain of slow support responses and account rejections without explanation

HitPay pricing ↗

Stripe

Stripe earns its A grade: transparent flat-rate pricing with no fixed fees, an unmatched developer platform, and product breadth that covers everything from subscriptions to marketplace payouts. The honest caveats are the 7-14 day first payout, the possibility of holds while underwriting catches up with instant onboarding, and pricing that stops being a bargain at serious volume until you negotiate custom rates.

+ Best-in-class developer experience: clean APIs, SDKs, and documentation that set the industry standard
+ Transparent flat-rate pricing with no monthly, setup, PCI, or statement fees
+ Global reach with broad payment-method and multi-currency support
+ Deep feature set — subscriptions, invoicing, marketplace tools, virtual terminal — on one platform
+ No contract or early-termination fee on standard pay-as-you-go service
– First payout takes 7-14 days, and new or unusual accounts can face holds and verification friction
– Flat-rate 2.9% + $0.30 gets expensive at volume compared with negotiated interchange-plus pricing
– Complex for non-technical users — much of the value assumes you will build on the API
– Prohibits many high-risk categories and is not available in every country

Stripe pricing ↗