Compare Xero and Stripe - Mar 2022

Shlomi Lavi

We publish unbiased reviews. Our opinions are our own and are not influenced by payments from advertisers. This content is reader-supported, which means if you leave your details with us we may earn a commission. Learn why ITQlick is free .

Bottom Line: Which is Better - Xero or Stripe?

Stripe is more expensive to implement (TCO) than Xero, and Xero is rated higher (94/100) than Stripe (91/100). Xero offers users more features (13) than Stripe (4). There is a clear winner in this case and it is Xero!

Looking for the right Core Accounting solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:

Xero Vs. Stripe

Xero : Xero was founded in July 2006 by successful technology entrepreneur Rod Drury and specialist small business accountant Hamish Edwards. Xero is listed on the New Zealand Stock Exchange and the Australian Securities Exchange and is a fast growing company with teams in Wellington, Auckland, Melbourne, Sydney, Brisbane, San Francisco, and Milton Keynes...

Stripe: Stripe is a simple, developer-friendly way to accept payments online. We believe that enabling transactions on the web is a problem rooted in code, not finance, and we want to help put more websites in business. Complexity and opacity have traditionally been hallmarks of online payment processing. We want to fix that.

Who is more expensive? Xero or Stripe?

The real total cost of ownership (TCO) of Core Accounting software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for Xero and Stripe.

Xero price starts at $12 per month , On a scale between 1 to 10 Xero is rated 2, which is much lower than the average cost of Core Accounting software. Stripe price starts at $500 per license , When comparing Stripe to its competitors, the software is rated 4 - lower than the average Core Accounting software cost.

Bottom line: Stripe is more expensive than Xero.

Which software includes more/better features?

We've compared Xero Vs. Stripe based on some of the most important and required Core Accounting features.

Xero: this software is considered "feature-rich" with more than 10 important features, here is a partial list: Accounts Payable, Accounts Receivable, Billing & Invoicing, Budgeting & Forecasting, Fixed-Assets, Purchase Orders, Data Analysis Tools, Forecasting.

Stripe: Basic Reports, Data Import/Export, Online Customer Support, Multiple Payment Forms.

Target customer size

Xero is best for small businesses, freelancers and non-profit organizations. Customers of the software include businesses of all sizes without any distinction of industry.