The Fintech Index
20 companies rated 5 sectors 1 data report Last checked Sep 23, 2026
PAY

Payments & acquiring

Merchant acquiring, payment orchestration, and checkout infrastructure for mid-market sellers.

Top three

Full ranking

  1. 1

    Stripe

    89/100 Shortlist

    Firms that sell online, SaaS companies and platforms at any scale that want a full payments stack with listed prices and excellent tools for developers.

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  2. 2

    Adyen

    83/100 Shortlist with caveats

    Enterprises and large platforms selling online and in store in several countries, seeking one acquirer that holds its own licences.

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  3. 3

    Braintree

    78/100 Shortlist with caveats

    Merchants whose buyers use PayPal or Venmo heavily and who want both cards and wallets via one published-rate integration.

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All rated companies in this sector

PAY89

Stripe

Software and APIs for taking payments online and in person, covering billing, marketplace payouts, screening for fraud and card issuing on one platform. A private company. Headquarters in both San Francisco and Dublin.

Built for: Firms that sell online, SaaS companies and platforms at any scale that want a full payments stack with listed prices and excellent tools for developers.

Shortlist
PAY83

Adyen

One payments platform that holds its own banking licences, accepts, processes and settles online and face-to-face payments in many countries, and also offers embedded finance for platforms. The firm is public. Headquartered in Amsterdam.

Built for: Enterprises and large platforms selling online and in store in several countries, seeking one acquirer that holds its own licences.

Shortlist with caveats
PAY78

Braintree

A PayPal gateway and merchant-account product, offered as PayPal Enterprise Payments, that takes wallets, cards, PayPal and Venmo on websites and in apps from a single integration. It is a PayPal service.

Built for: Merchants whose buyers use PayPal or Venmo heavily and who want both cards and wallets via one published-rate integration.

Shortlist with caveats
PAY77

Checkout.com

Global payments platform that works as acquirer, processor and gateway. Payouts, identity verification, card issuing and fraud screening run through one API. It is private, with headquarters in London.

Built for: Enterprise merchants in travel, fintech, e-commerce and gaming that want one provider covering global acquiring, payouts and fraud tools.

Shortlist with caveats

Criteria for this sector

Four criteria measure buyer needs in this sector. The other four remain identical from sector to sector and cover the vendor and its commercial terms.

Payment methods and markets
Sector criteria
Supported countries and currencies, along with local methods, cards and wallets.
Acceptance and reliability
Sector criteria
Tools for higher approval rates, and the openness of uptime reporting.
Developer experience
Sector criteria
Quality across test environments, documentation, SDKs and APIs.
Fraud and risk tools
Sector criteria
Built-in risk controls, fraud screening and dispute handling.
Product depth and roadmap
Vendor criteria
Coverage of the job by the product, and how active development is.
Onboarding and support
Vendor criteria
Implementation aid, documentation and support channels offered by the company.
Pricing transparency
Vendor criteria
How much pricing a buyer can view before any sales conversation.
Contract terms
Vendor criteria
Exit terms, minimums and commitments, to the extent the company publishes them.

Reports on this sector

Data report / Online card fee check, September 2026

Online card processing fees at five US providers, September 2026

Six online card-payment products, five providers, priced on matching sales of $20, $100 and $500.

Released September 23, 2026
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