Stripe
E-commerce
Shopify
E-commerce
Stripe vs Shopify in Singapore — which is right for your business?
Both are e-commerce tools used by Singapore businesses. Here is a side-by-side comparison covering SGD pricing, PSG eligibility, PDPA compliance, and local context to help you decide.
Singapore-specific comparison
| Criterion | Stripe | Shopify |
|---|---|---|
| SGD pricing (incl. 9% GST) | S$22.07/mo | S$1.47/mo |
| Free tier | Yes | Yes |
| PSG grant eligible | Checking | Checking |
| PDPA compliant | No | No |
| SG / APAC data centre | Not confirmed | Not confirmed |
| GST / InvoiceNow ready | No | No |
| PayNow / local bank feeds | No | No |
| CPF payroll support | No | No |
| SkillsFuture eligible | No | No |
Stackd verdict
Stripe
Singapore businesses can benefit from Stripe's powerful global payment processing and financial management tools, integrating seamlessly into international operations, despite unconfirmed local compliance like PSG or PDPA.
Shopify
Singaporean businesses using Shopify Payments are subject to strict MAS and ACRA regulations, requiring them to provide detailed information about their directors, beneficial owners, and account representatives to ensure compliance with AML/CFT requirements.
Pros & cons — Singapore view
Stripe
Pros
+Comprehensive payment platform (100+ methods, 135+ currencies)
+Advanced fraud prevention with machine learning
+Revenue automation (billing, invoicing, tax)
+Tools for platforms and marketplaces
Cons
–Transaction fees for domestic and international cards
–Dispute fees can be costly
–Lack of explicit Singapore-specific features like PayNow or GST filing integration
Shopify
Pros
+Complies with Singapore's Payment Services Act and MAS regulations for payment processing.
+Enhanced identity verification and KYC processes provide regulatory certainty and consumer safeguards.
+Robust platform with features like the 'world's best checkout' and extensive app store for customization.
+Easy to start with a free trial for 3 days.
Cons
–Requires extensive KYC information for all directors and beneficial owners of the business.
–Account representatives must have authorized roles, possibly requiring letters of authorization.
–Failure to provide requested information can lead to paused payment processing or account termination.
Who should choose which
Choose Stripe if...
›Startups
›Enterprises
›Ecommerce
›Platforms
Choose Shopify if...
›SMEs
›Startups
›Enterprises
›Freelancers
Singapore FAQ
Is Stripe available in Singapore?
Yes, Stripe offers global access in 195 countries, which includes Singapore, allowing businesses to accept payments internationally.
Does Stripe support SGD pricing?
Yes, Stripe supports 135+ currencies, which includes SGD. However, core pricing is often listed in USD, with a 1% fee for currency conversion if required.
Is Stripe PSG-eligible?
The provided search results do not confirm if Stripe is eligible for Singapore's Productivity Solutions Grant (PSG).
Is Stripe PDPA compliant?
The search results mention 'Security, reliability and compliance' and 'Regulatory licenses globally,' but do not specifically confirm PDPA compliance for Singapore.
Want to explore each tool further?
Read our full Singapore reviews before deciding.