Flywire vs. Stripe: Choosing a Payment Solutions

Here’s my honest Flywire vs Stripe comparison guide.

In the rapidly evolving world of online transactions, choosing the right payment processing tool can significantly impact your business’s efficiency and bottom line.

Today, we’ll explore the growth of the fintech industry, focusing on Flywire and Stripe, highlighting their key differences.

The main difference is that Flywire specializes in international payments, focusing on industries like education and healthcare, whereas Stripe is a versatile payment processing platform suitable for businesses of all sizes and industries, offering a broader range of features for online transactions.

Flywire vs Stripe: Key Features Compared

Global Payments✔️ Specialized✔️ Versatile
Transaction FeesVaries (International)2.9% + 30¢ (Online)
Integration OptionsRobustExtensive
Industry FocusEducation, HealthcareAll Industries
Payout Speed2-4 Business Days2 Business Days
Supported Currencies240+135+
Customer Support24/7Online

What is Flywire and How Does It Work?

Flywire is a payment solution designed for international transactions. It streamlines cross-border payments, providing a transparent and efficient process. Users initiate payments through the platform, ensuring a smooth experience for both payers and receivers.

Pros and Cons of Flywire:


  1. Specialized in international payments.
  2. Transparent fee structure.
  3. Robust security measures.


  1. Transaction fees can vary.
  2. Limited focus compared to Stripe.
  3. Strictly designed for specific industries.

What is Stripe and How Does It Work?

Stripe is a versatile payment processing platform suitable for businesses of all sizes. It offers a wide range of features to facilitate online transactions, making it a popular choice for e-commerce and various industries.

Pros and Cons of Stripe:


  1. Versatile and widely used.
  2. Transparent pricing.
  3. Extensive integration options.


  1. Transaction fees for every transaction.
  2. Limited focus on specialized industries.
  3. Payouts may take 2 business days.

Flywire vs. Stripe: Detailed Feature Comparison Guide

In this section, we’ll delve deeper into the seven key features mentioned above, providing an in-depth analysis of how Flywire and Stripe compare in various aspects.

1. Global Payments

Flywire: Flywire specializes in facilitating international payments, ensuring a seamless experience for users dealing with multiple currencies. Its extensive network supports transactions in 240+ currencies, making it a robust choice for businesses with a global reach. The platform’s tailored solutions cater to specific industries, such as education and healthcare, streamlining cross-border payments.

Stripe: While Stripe is a versatile payment processing platform, its focus on global payments is more generalized. It supports transactions in 135+ currencies, making it suitable for businesses of all sizes and industries. Stripe’s strength lies in its adaptability to various contexts, providing a global payment solution for a diverse range of users.

Verdict: Flywire excels in global payments, especially for industries with specific international transaction needs. Stripe, while strong globally, caters to a broader audience. For tailored international solutions, Flywire takes the lead.

2. Transaction Fees

Flywire: Flywire’s transaction fees can vary based on factors like transaction volume, currency, and industry. This variability allows for customized pricing, ensuring that users pay for the services they specifically need. While this flexibility offers tailored solutions, it may require businesses to consult with Flywire directly for precise cost estimates.

Stripe: Stripe follows a transparent pricing model with a standard 2.9% + 30¢ per successful online transaction. While this simplicity is convenient, businesses with significant transaction volumes may find that the fixed fee structure becomes more cost-effective over time.

Verdict: Flywire’s variable fees offer customization, but for businesses with consistent transaction patterns, Stripe’s transparent fixed fees provide predictability and ease of calculation. The winner depends on individual business needs.

3. Integration Options

Flywire: Flywire provides robust integration options, ensuring compatibility with various systems and platforms. Its focus on streamlining payments for specific industries doesn’t compromise its adaptability, making it a versatile choice for businesses with diverse tech stacks.

Stripe: Stripe boasts extensive integration options, allowing seamless connections with a wide range of third-party applications and systems. Its developer-friendly approach makes it easy for businesses to integrate Stripe into their existing infrastructure.

Verdict: Both Flywire and Stripe offer comprehensive integration options. The winner depends on specific business needs and the existing technological landscape. For a more industry-focused integration, Flywire might have a slight edge.

4. Industry Focus

Flywire: Flywire concentrates on specific industries, notably education and healthcare. This specialization allows the platform to tailor its services to the unique payment needs of these sectors, offering targeted solutions for international transactions.

Stripe: Stripe’s strength lies in its versatility, catering to a broad spectrum of industries. While it may not provide industry-specific customization to the extent that Flywire does, its adaptability makes it a suitable choice for businesses across various sectors.

Verdict: For businesses within the education and healthcare sectors, Flywire’s specialized focus can provide tailored solutions. However, for a versatile solution applicable to diverse industries, Stripe’s broad approach makes it a strong contender. The winner depends on the specific industry needs of the business.

5. Payout Speed

Flywire: Flywire typically processes international payments within 2-4 business days. The platform prioritizes accuracy and security in its transactions, ensuring that funds are transferred efficiently while maintaining the integrity of the payment process.

Stripe: Stripe aims for a quick payout speed of 2 business days, ensuring that businesses receive funds promptly. This expedited timeline aligns with the fast-paced nature of online transactions, providing users with timely access to their funds.

Verdict: Both Flywire and Stripe offer relatively fast payout speeds, meeting the expectations of businesses for timely fund access. The winner in this category depends on individual preferences and specific transaction speed requirements.

6. Supported Currencies

Flywire: Flywire supports transactions in 240+ currencies, catering to a wide array of international payment needs. Its comprehensive currency support ensures that businesses dealing with diverse markets can transact seamlessly.

Stripe: Stripe supports transactions in 135+ currencies, offering a substantial range for businesses with global operations. While slightly fewer than Flywire, Stripe’s currency support remains extensive, making it suitable for a diverse user base.

Verdict: Flywire’s broader currency support gives it an advantage for businesses dealing with a vast array of currencies. However, Stripe’s extensive list still makes it a strong contender, especially for those not requiring the full range provided by Flywire. The winner depends on the specific currency needs of the business.

7. Customer Support

Flywire: Flywire provides 24/7 customer support, ensuring that users have access to assistance whenever needed. This commitment to continuous support reflects Flywire’s dedication to offering a reliable and responsive service to its users.

Stripe: Stripe offers online customer support to assist users with any queries or issues they may encounter. While not explicitly 24/7, Stripe’s support channels aim to provide timely assistance to its user base.

Verdict: Flywire’s 24/7 customer support provides an edge in accessibility. However, Stripe’s commitment to addressing user queries online remains robust. The winner in this category depends on the importance of continuous support for the specific business.

Use Cases for Flywire

Let’s delve into real-world scenarios where Flywire shines:

  1. Education Sector: Flywire facilitates seamless international tuition payments for students studying abroad. Its ability to handle multiple currencies ensures that both educational institutions and students have a hassle-free experience.
  2. Healthcare Services: In the healthcare industry, Flywire streamlines cross-border payments for medical treatments. Patients and healthcare providers benefit from the platform’s efficient and secure payment processing.

Use Cases for Stripe

Now, let’s explore scenarios where Stripe proves its versatility:

  1. E-Commerce Transactions: Stripe is a go-to choice for online businesses. Its user-friendly interface and extensive features make it easy for e-commerce platforms to manage transactions and subscriptions.
  2. Subscription-Based Services: Businesses offering subscription services find Stripe beneficial due to its recurring billing capabilities. It simplifies the process of collecting payments for services like software subscriptions, digital content, and more.

Flywire Pricing

Flywire’s pricing structure can vary based on factors such as transaction volume, currency, and industry. For accurate pricing details, it’s recommended to consult with Flywire directly.

Stripe Pricing

Stripe follows a transparent pricing model:

  1. Online Transactions: 2.9% + 30¢ per successful transaction.
  2. International Transactions: Additional fees apply for currency conversion.

What to Consider When Choosing Between Flywire and Stripe

When deciding between Flywire and Stripe, consider these key factors:

  1. Business Type: Choose Flywire if your business involves international transactions primarily, and Stripe for a broader range of industries.
  2. Transaction Volume: Assess your expected transaction volume, as both platforms may offer different pricing structures based on volume.
  3. Industry Focus: Flywire excels in specific industries like education and healthcare, while Stripe caters to a more diverse clientele.
  4. Integration Needs: Evaluate the integration options each platform provides to ensure compatibility with your existing systems.
  5. Support and Security: Consider the level of customer support and security measures provided by each platform.


  1. Q: Can Flywire handle small domestic transactions? A: While Flywire specializes in international payments, it can also process domestic transactions; however, it may not be as cost-effective for small local payments.
  2. Q: Does Stripe support recurring billing? A: Yes, Stripe offers robust support for recurring billing, making it suitable for subscription-based businesses.
  3. Q: How quickly can Flywire process international payments? A: Flywire typically processes international payments within 2-4 business days, ensuring timely transactions.
  4. Q: Can I use Stripe for a niche industry like healthcare? A: Yes, Stripe is versatile and can be used in various industries, including healthcare.

Is Flywire Better Than Stripe?

In summary, if your business predominantly involves international transactions, especially in sectors like education or healthcare, Flywire could be the ideal choice.

However, for a versatile, widely applicable payment processing solution, particularly for e-commerce and subscription-based services, Stripe offers a broader range of features.

Consider your specific needs and industry focus to make an informed decision between Flywire and Stripe.