What payment methods are recommended by Stripe for SaaS and subscription businesses?

For SaaS and subscription businesses, the recommended payment methods include cards, wallets, and bank debits. This combination is advantageous because it caters to a broad spectrum of customer preferences and payment behaviors.

Cards are widely accepted and easily accessible for most consumers, making them a staple in online transactions. Wallets, which include digital options like Apple Pay and Google Pay, provide a streamlined and efficient payment process, thus improving user experience and potentially increasing conversion rates. Bank debits, such as direct debits, are beneficial for recurring subscription payments since they enable businesses to easily automate their billing without requiring customers to manually authorize payments each time, thus reducing churn.

This combination offers flexibility and meets various consumer preferences, making it particularly suitable for SaaS and subscription models. The other options do not provide the same level of adaptability and coverage for payment preferences among users. For example, solely relying on credit cards would limit the potential customer base, excluding those who prefer or are only able to use alternative payment methods.