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HitPay vs Stripe Singapore: Should You Switch?
HitPay vs Stripe Singapore: Should You Switch?
HitPay vs Stripe Singapore: Should You Switch?
HitPay vs Stripe Singapore: Should You Switch?
Compare HitPay vs Stripe in Singapore. See differences in transaction fees, settlement speed, PayNow support, and local payment methods before switching.
Compare HitPay vs Stripe in Singapore. See differences in transaction fees, settlement speed, PayNow support, and local payment methods before switching.
Compare HitPay vs Stripe in Singapore. See differences in transaction fees, settlement speed, PayNow support, and local payment methods before switching.
If you're currently using Stripe for your Singapore business, it's worth reviewing how its pricing structure and settlement timeline compare to alternatives.
While both platforms process card payments and comply with Singapore's regulatory requirements, they differ in three key areas:
Transaction fee structure
Settlement speed
Support for local payment methods
For Singapore-focused businesses, these differences can materially affect cost and cash flow.
At a Glance
HitPay vs Stripe
Side-by-side comparison of the key differences for Singapore businesses.
Feature
HitPay
Stripe
Card Fee
2.8% + S$0.50 per transaction
See Stripe’s published rates
PayNow Support
Native — no setup
Check PayNow support on Stripe’s site
Settlement Speed
T+1 to T+3
See Stripe’s schedule
Local E-wallets
GrabPay, PayLah!, Shopee Pay
Check wallet coverage on Stripe’s site
Setup Complexity
Ready in minutes
See Stripe’s setup docs
Multi-currency
SGD-focused
See Stripe’s currency list
Subscriptions/Billing
Basic recurring
See Stripe’s billing docs
Support Language
Local Singapore support
Check support languages on Stripe’s site
Fit Assessment
Who Is Each Platform Designed For?
The right choice depends on your transaction profile and business model.
HitPay may be stronger if you:
✓
Accept PayNow or local e-wallets
✓
Have average transactions below SGD 100
✓
Prioritise faster settlement timelines
✓
Plan regional expansion across SEA
Stripe may be stronger if you:
✓
Require multi-currency settlement
✓
Operate subscription or marketplace models
✓
Have in-house technical resources
✓
Need highly custom API integrations
Cash Flow
Settlement Speed: Impact on Cash Flow
Access to funds affects working capital and operational flexibility.
HitPay — typically T+1 to T+3
T+1
Mon
T+2
Tue
T+3
Wed
T+4
Thu
T+5
Fri
T+6
Sat
T+7
Sun
Stripe — see their published payout schedule
T+1
Mon
T+2
Tue
T+3
Wed
T+4
Thu
T+5
Fri
T+6
Sat
T+7
Sun
Receiving funds 4–6 days earlier can meaningfully ease working capital pressure.
Faster access to your funds means less pressure on working capital.
Shorter settlement timelines can make a real difference for businesses on tight cash cycles.
Coverage
Payment Methods: Local vs Global
Payment preferences influence conversion, especially in Singapore's mobile-first landscape.
HitPay
· 11 methods
Visa
Shopee Pay
Mastercard
Alipay+
Amex
WeChat Pay
Apple Pay
Google Pay
PayNow
PayLah!
GrabPay
All local methods native — no third-party setup
Stripe
· 6 methods
Visa
Mastercard
Amex
Discover
Apple Pay
Google Pay
Getting Started
Setup & Support
How each platform handles onboarding and ongoing merchant support.
HitPay Setup
→
Often same-day approval for eligible businesses
→
Payment links available without code
→
E-commerce plugins supported
→
REST API available
Basic setup does not require developer resources.
Stripe Setup
→
Business day approval process
→
Hosted checkout available
→
Payment links available
→
Advanced integrations require developers
Higher customization flexibility but assumes technical involvement.
HitPay Support
→
Email and live chat (business hours)
→
Phone support for established accounts
→
English and Mandarin support
Singapore-based team familiar with local banks and MAS guidelines.
Stripe Support
→
Email support
→
Extensive documentation
→
English-language support
Strong developer documentation and global ecosystem.
Migration
Switching from Stripe to HitPay
Stripe can remain active during the transition period to handle refunds or disputes.
Migration Roadmap · Typically 2–4 weeks
1
Account Setup & Verification
Day 1
Create your HitPay account and complete business verification. Most partners are approved same-day.
2
Integration Testing
Days 2–5
Connect HitPay to your checkout flow using the API or one-click plugins. Test in sandbox before going live.
3
Data Export & Transition Planning
Week 1–2
Export your Stripe payment history, customer records, and subscription data. Plan your cutover date.
4
Parallel Operation Period
Week 2–3
Run HitPay for new transactions while Stripe remains active to handle existing refunds and open disputes.
5
Full Cutover
Week 3–4
Deactivate Stripe as your primary gateway. HitPay is now your full payment stack.
⚠
Subscription billing requires review
⚠
Integration code must be updated
⚠
Historical reporting remains separate
⚠
Reconciliation may span both platforms
Frequently Asked Questions
Is HitPay a Stripe alternative in Singapore?
Yes, for Singapore SMBs who need PayNow, GrabPay, ShopeePay, BNPL and cards on one MAS-licensed account with no monthly fee. Stripe is a strong fit if your team already lives in Stripe’s global developer stack. Verify Stripe’s current Singapore methods and fees on Stripe’s own site.
Does HitPay support PayNow?
Yes. HitPay accepts PayNow online and in person. Online from S$100: 0.65% + S$0.30. Below S$100: 0.9% (minimum S$0.20). In person: 0.4% (minimum S$0.10). Setup detail: hitpayapp.com/sg/paynow
How much are cards on HitPay in Singapore?
Online domestic: 2.8% + S$0.50. Online international: 3.65% + S$0.50. In-person domestic: 2.5% + S$0.50. Foreign-currency transactions add 2%. Confirm live numbers on hitpayapp.com/sg/pricing
Does HitPay charge a monthly fee?
No. No setup fee and no monthly subscription — you pay per successful transaction.
Can I switch from Stripe to HitPay?
Yes. Many merchants run HitPay for local methods while other tools stay in place. Create a HitPay account, enable methods, connect a plugin or the API, and cut over when ready. Keep Stripe active during the transition if you still have refunds or open disputes there.
Is HitPay MAS-licensed?
Yes. HitPay Payment Solutions Pte Ltd is a MAS Major Payment Institution (PS20200643). Details: hitpayapp.com/sg/license-registrations
How fast are HitPay payouts in Singapore?
Non-card HitPay Balance is T+1 calendar day. Card Balance is from T+1 business day, and Compliance may set the final card schedule case by case. Source: /sg/pricing
How is this different from HitPay vs Stripe?
This page is the Stripe-alternative landing URL. The query-matched comparison is hitpayapp.com/sg/hitpay-vs-stripe — use that for the full PayNow / fees / who-fits write-up. For treasury vs local acceptance, see hitpayapp.com/sg/hitpay-vs-airwallex
Still have questions?
Contact our team.
If you're currently using Stripe for your Singapore business, it's worth reviewing how its pricing structure and settlement timeline compare to alternatives.
While both platforms process card payments and comply with Singapore's regulatory requirements, they differ in three key areas:
Transaction fee structure
Settlement speed
Support for local payment methods
For Singapore-focused businesses, these differences can materially affect cost and cash flow.
At a Glance
HitPay vs Stripe
Side-by-side comparison of the key differences for Singapore businesses.
Feature
HitPay
Stripe
Card Fee
HitPay · 2.8% + S$0.50 per transaction
Stripe · see their published rates
PayNow Support
HitPay · Native — no setup
Stripe · Check PayNow support on Stripe’s site
Settlement Speed
HitPay · T+1 to T+3
Stripe · see their payout schedule
Local E-wallets
HitPay · GrabPay, PayLah!, Shopee Pay
Stripe · Check wallet coverage on Stripe’s site
Setup Complexity
HitPay · Ready in minutes
Stripe · See Stripe’s setup docs
Multi-currency
HitPay · SGD-focused
Stripe · See Stripe’s currency list
Subscriptions/Billing
HitPay · Basic recurring
Stripe · See Stripe’s billing docs
Support Language
HitPay · Local Singapore support
Stripe · Check support languages on Stripe’s site
Fit Assessment
Who Is Each Platform Designed For?
The right choice depends on your transaction profile and business model.
HitPay may be stronger if you:
✓
Accept PayNow or local e-wallets
✓
Have average transactions below SGD 100
✓
Prioritise faster settlement timelines
✓
Plan regional expansion across SEA
Stripe may be stronger if you:
✓
Require multi-currency settlement
✓
Operate subscription or marketplace models
✓
Have in-house technical resources
✓
Need highly custom API integrations
Cash Flow
Settlement Speed: Impact on Cash Flow
Access to funds affects working capital and operational flexibility.
HitPay — typically T+1 to T+3
T+1
Mon
T+2
Tue
T+3
Wed
T+4
Thu
T+5
Fri
T+6
Sat
T+7
Sun
Stripe — see their published payout schedule
T+1
Mon
T+2
Tue
T+3
Wed
T+4
Thu
T+5
Fri
T+6
Sat
T+7
Sun
Receiving funds 4–6 days earlier can meaningfully ease working capital pressure.
Faster access to your funds means less pressure on working capital.
Shorter settlement timelines can make a real difference for businesses on tight cash cycles.
Coverage
Payment Methods: Local vs Global
Payment preferences influence conversion, especially in Singapore's mobile-first landscape.
HitPay
· 11 methods
Visa
Shopee Pay
Mastercard
Alipay+
Amex
WeChat Pay
Apple Pay
Google Pay
PayNow
PayLah!
GrabPay
All local methods native — no third-party setup
Stripe
· 6 methods
Visa
Mastercard
Amex
Discover
Apple Pay
Google Pay
Getting Started
Setup & Support
How each platform handles onboarding and ongoing merchant support.
HitPay Setup
→
Often same-day approval for eligible businesses
→
Payment links available without code
→
E-commerce plugins supported
→
REST API available
Basic setup does not require developer resources.
Stripe Setup
→
Business day approval process
→
Hosted checkout available
→
Payment links available
→
Advanced integrations require developers
Higher customization flexibility but assumes technical involvement.
HitPay Support
→
Email and live chat (business hours)
→
Phone support for established accounts
→
English and Mandarin support
Singapore-based team familiar with local banks and MAS guidelines.
Stripe Support
→
Email support
→
Extensive documentation
→
English-language support
Strong developer documentation and global ecosystem.
Migration
Switching from Stripe to HitPay
Stripe can remain active during the transition period to handle refunds or disputes.
Migration Roadmap · Typically 2–4 weeks
1
Account Setup & Verification
Day 1
Create your HitPay account and complete business verification. Most partners are approved same-day.
2
Integration Testing
Days 2–5
Connect HitPay to your checkout flow using the API or one-click plugins. Test in sandbox before going live.
3
Data Export & Transition Planning
Week 1–2
Export your Stripe payment history, customer records, and subscription data. Plan your cutover date.
4
Parallel Operation Period
Week 2–3
Run HitPay for new transactions while Stripe remains active to handle existing refunds and open disputes.
5
Full Cutover
Week 3–4
Deactivate Stripe as your primary gateway. HitPay is now your full payment stack.
⚠
Subscription billing requires review
⚠
Integration code must be updated
⚠
Historical reporting remains separate
⚠
Reconciliation may span both platforms
Frequently Asked Questions
Is HitPay a Stripe alternative in Singapore?
Yes, for Singapore SMBs who need PayNow, GrabPay, ShopeePay, BNPL and cards on one MAS-licensed account with no monthly fee. Stripe is a strong fit if your team already lives in Stripe’s global developer stack. Verify Stripe’s current Singapore methods and fees on Stripe’s own site.
Does HitPay support PayNow?
Yes. HitPay accepts PayNow online and in person. Online from S$100: 0.65% + S$0.30. Below S$100: 0.9% (minimum S$0.20). In person: 0.4% (minimum S$0.10). Setup detail: hitpayapp.com/sg/paynow
How much are cards on HitPay in Singapore?
Online domestic: 2.8% + S$0.50. Online international: 3.65% + S$0.50. In-person domestic: 2.5% + S$0.50. Foreign-currency transactions add 2%. Confirm live numbers on hitpayapp.com/sg/pricing
Does HitPay charge a monthly fee?
No. No setup fee and no monthly subscription — you pay per successful transaction.
Can I switch from Stripe to HitPay?
Yes. Many merchants run HitPay for local methods while other tools stay in place. Create a HitPay account, enable methods, connect a plugin or the API, and cut over when ready. Keep Stripe active during the transition if you still have refunds or open disputes there.
Is HitPay MAS-licensed?
Yes. HitPay Payment Solutions Pte Ltd is a MAS Major Payment Institution (PS20200643). Details: hitpayapp.com/sg/license-registrations
How fast are HitPay payouts in Singapore?
Non-card HitPay Balance is T+1 calendar day. Card Balance is from T+1 business day, and Compliance may set the final card schedule case by case. Source: /sg/pricing
How is this different from HitPay vs Stripe?
This page is the Stripe-alternative landing URL. The query-matched comparison is hitpayapp.com/sg/hitpay-vs-stripe — use that for the full PayNow / fees / who-fits write-up. For treasury vs local acceptance, see hitpayapp.com/sg/hitpay-vs-airwallex
Still have questions?
Contact our team.
If you're currently using Stripe for your Singapore business, it's worth reviewing how its pricing structure and settlement timeline compare to alternatives.
While both platforms process card payments and comply with Singapore's regulatory requirements, they differ in three key areas:
Transaction fee structure
Settlement speed
Support for local payment methods
For Singapore-focused businesses, these differences can materially affect cost and cash flow.
At a Glance
HitPay vs Stripe
Side-by-side comparison of the key differences for Singapore businesses.
Feature
HitPay
Stripe
Card Fee
2.8% + S$0.50 per transaction
See Stripe’s published rates
PayNow Support
Native — no setup
Check PayNow support on Stripe’s site
Settlement Speed
T+1 to T+3
See Stripe’s schedule
Local E-wallets
GrabPay, PayLah!, Shopee Pay
Check wallet coverage on Stripe’s site
Setup Complexity
Ready in minutes
See Stripe’s setup docs
Multi-currency
SGD-focused
See Stripe’s currency list
Subscriptions/Billing
Basic recurring
See Stripe’s billing docs
Support Language
Local Singapore support
Check support languages on Stripe’s site
Fit Assessment
Who Is Each Platform Designed For?
The right choice depends on your transaction profile and business model.
HitPay may be stronger if you:
✓
Accept PayNow or local e-wallets
✓
Have average transactions below SGD 100
✓
Prioritise faster settlement timelines
✓
Plan regional expansion across SEA
Stripe may be stronger if you:
✓
Require multi-currency settlement
✓
Operate subscription or marketplace models
✓
Have in-house technical resources
✓
Need highly custom API integrations
Cash Flow
Settlement Speed: Impact on Cash Flow
Access to funds affects working capital and operational flexibility.
HitPay — typically T+1 to T+3
T+1
Mon
T+2
Tue
T+3
Wed
T+4
Thu
T+5
Fri
T+6
Sat
T+7
Sun
Stripe — see their published payout schedule
T+1
Mon
T+2
Tue
T+3
Wed
T+4
Thu
T+5
Fri
T+6
Sat
T+7
Sun
Receiving funds 4–6 days earlier can meaningfully ease working capital pressure.
Faster access to your funds means less pressure on working capital.
Shorter settlement timelines can make a real difference for businesses on tight cash cycles.
Coverage
Payment Methods: Local vs Global
Payment preferences influence conversion, especially in Singapore's mobile-first landscape.
HitPay
· 11 methods
Visa
Shopee Pay
Mastercard
Alipay+
Amex
WeChat Pay
Apple Pay
Google Pay
PayNow
PayLah!
GrabPay
All local methods native — no third-party setup
Stripe
· 6 methods
Visa
Mastercard
Amex
Discover
Apple Pay
Google Pay
Getting Started
Setup & Support
How each platform handles onboarding and ongoing merchant support.
HitPay Setup
→
Often same-day approval for eligible businesses
→
Payment links available without code
→
E-commerce plugins supported
→
REST API available
Basic setup does not require developer resources.
Stripe Setup
→
Business day approval process
→
Hosted checkout available
→
Payment links available
→
Advanced integrations require developers
Higher customization flexibility but assumes technical involvement.
HitPay Support
→
Email and live chat (business hours)
→
Phone support for established accounts
→
English and Mandarin support
Singapore-based team familiar with local banks and MAS guidelines.
Stripe Support
→
Email support
→
Extensive documentation
→
English-language support
Strong developer documentation and global ecosystem.
Migration
Switching from Stripe to HitPay
Stripe can remain active during the transition period to handle refunds or disputes.
Migration Roadmap · Typically 2–4 weeks
1
Account Setup & Verification
Day 1
Create your HitPay account and complete business verification. Most partners are approved same-day.
2
Integration Testing
Days 2–5
Connect HitPay to your checkout flow using the API or one-click plugins. Test in sandbox before going live.
3
Data Export & Transition Planning
Week 1–2
Export your Stripe payment history, customer records, and subscription data. Plan your cutover date.
4
Parallel Operation Period
Week 2–3
Run HitPay for new transactions while Stripe remains active to handle existing refunds and open disputes.
5
Full Cutover
Week 3–4
Deactivate Stripe as your primary gateway. HitPay is now your full payment stack.
⚠
Subscription billing requires review
⚠
Integration code must be updated
⚠
Historical reporting remains separate
⚠
Reconciliation may span both platforms
Frequently Asked Questions
Is HitPay a Stripe alternative in Singapore?
Yes, for Singapore SMBs who need PayNow, GrabPay, ShopeePay, BNPL and cards on one MAS-licensed account with no monthly fee. Stripe is a strong fit if your team already lives in Stripe’s global developer stack. Verify Stripe’s current Singapore methods and fees on Stripe’s own site.
Does HitPay support PayNow?
Yes. HitPay accepts PayNow online and in person. Online from S$100: 0.65% + S$0.30. Below S$100: 0.9% (minimum S$0.20). In person: 0.4% (minimum S$0.10). Setup detail: hitpayapp.com/sg/paynow
How much are cards on HitPay in Singapore?
Online domestic: 2.8% + S$0.50. Online international: 3.65% + S$0.50. In-person domestic: 2.5% + S$0.50. Foreign-currency transactions add 2%. Confirm live numbers on hitpayapp.com/sg/pricing
Does HitPay charge a monthly fee?
No. No setup fee and no monthly subscription — you pay per successful transaction.
Can I switch from Stripe to HitPay?
Yes. Many merchants run HitPay for local methods while other tools stay in place. Create a HitPay account, enable methods, connect a plugin or the API, and cut over when ready. Keep Stripe active during the transition if you still have refunds or open disputes there.
Is HitPay MAS-licensed?
Yes. HitPay Payment Solutions Pte Ltd is a MAS Major Payment Institution (PS20200643). Details: hitpayapp.com/sg/license-registrations
How fast are HitPay payouts in Singapore?
Non-card HitPay Balance is T+1 calendar day. Card Balance is from T+1 business day, and Compliance may set the final card schedule case by case. Source: /sg/pricing
How is this different from HitPay vs Stripe?
This page is the Stripe-alternative landing URL. The query-matched comparison is hitpayapp.com/sg/hitpay-vs-stripe — use that for the full PayNow / fees / who-fits write-up. For treasury vs local acceptance, see hitpayapp.com/sg/hitpay-vs-airwallex
Still have questions?
Contact our team.
| Dimension | HitPay | Stripe (SG typical) |
|---|---|---|
| Local rails | PayNow, GrabPay, ShopeePay, BNPL, Borderless QR | Limited native SEA wallets |
| Pricing model | Pay-per-transaction; no monthly fee | Pay-per-transaction; product fees vary |
| Payouts (non-card) | Often T+1 calendar, method-dependent | Card payout schedule |
| Best when | You need SEA local methods, POS and payment links in one account | You need a global card stack or Connect-style ecosystems |
Live fees: hitpayapp.com/pricing · Licences: hitpayapp.com/license-registrations · Stripe pricing: stripe.com/en-sg/pricing
Ready to Move from Stripe?
Review your transaction size, payment mix, and settlement requirements. If your business is Singapore-focused, switching may better align with your operational model.
Ready to Move from Stripe?
Review your transaction size, payment mix, and settlement requirements. If your business is Singapore-focused, switching may better align with your operational model.
Ready to Move from Stripe?
Review your transaction size, payment mix, and settlement requirements. If your business is Singapore-focused, switching may better align with your operational model.
Ready to Move from Stripe?
Review your transaction size, payment mix, and settlement requirements. If your business is Singapore-focused, switching may better align with your operational model.
Ready to Move from Stripe?
Review your transaction size, payment mix, and settlement requirements. If your business is Singapore-focused, switching may better align with your operational model.