Switch from Stripe to XRP Payments: A Complete Migration Guide

Stripe is the default payment processor for most online businesses in supported markets. It is well-documented, widely integrated, and reliable. It also charges 2.9% plus $0.30 on every transaction, a fee that compounds steadily as revenue grows.

At $10,000 per month in revenue, Stripe's fees come to roughly $320. At $50,000 per month, that is over $1,500. At $100,000, it exceeds $3,200. That figure leaves the business before payroll, taxes, or reinvestment. For high-volume merchants, the cost is not a line item. It is a structural disadvantage.

This guide covers what switching to XRP payments actually involves: the cost comparison, the migration steps, and the practical considerations most merchants ask about.

What you actually pay with Stripe

Stripe's standard rate of 2.9% plus $0.30 applies to domestic card transactions. Add international cards and the rate rises to 3.9% plus $0.30. Add currency conversion and Stripe charges another 1%. Disputes cost $15 per chargeback regardless of outcome, and the mechanism structurally favours the buyer.

Stripe also holds funds on a standard 2-day rolling basis, with some accounts on 7-day holds. During that period, the funds are in Stripe's account, not yours.

Stripe vs DropPay

Feature	Stripe	DropPay
Transaction fee	2.9% + $0.30	0%
International card surcharge	+1% or more	None
Settlement time	2 to 7 business days	3 to 5 seconds
Chargeback risk	Yes	No. XRP transactions are final.
Available in Nigeria, Pakistan, Philippines	No	Yes
Monthly fee	None (pay per transaction)	Free plan or $9.99/mo Pro
Funds held by platform	Yes	No. Direct to your wallet.

What the numbers look like at scale

Take a merchant processing $100,000 in annual revenue through Stripe on domestic cards:

• Stripe fees (2.9% + $0.30): approximately $3,200 per year
• DropPay Pro (annual plan): $99 per year
• Difference: over $3,100 saved annually

For merchants processing international transactions at 3.9%, the gap is wider. For merchants who have faced chargebacks, the avoided dispute fees add further. The math favours flat pricing at any meaningful volume. See the full breakdown on the pricing page.

How to migrate

Most merchants run DropPay alongside Stripe for a transition period, then shift volume as they gain confidence in the new flow.

1. Create your DropPay account. Go to droppayxrp.com/signup and add your XRP wallet address in Settings. Funds arrive directly in your wallet with no platform holding them in transit.
2. Set up Embedded Checkout or Payment Links. For merchants with a website, Embedded Checkout integrates via the DropPay API and redirects customers back to your site after payment. For merchants who invoice clients, Payment Links require no code. See the developer documentation for integration details.
3. Run both in parallel. Offer card payments for customers who prefer them and DropPay for customers who prefer XRP or cannot use cards. Measure conversion on each before committing to a full switch.
4. Update your accounting workflow. XRP transactions are recorded on the public XRP Ledger with timestamps and amounts. DropPay's CSV export (Pro plan) gives you a clean transaction record for your accountant or bookkeeping software.
5. Communicate the change to customers. Some customers will need to set up an XRP wallet. How to Get an XRP Wallet walks through the process.

What happens to existing customers

Customers who pay by card today cannot pay via XRP without an XRP wallet. For most merchants, the practical approach is to keep card payments available for customers who need them and offer XRP as an additional option rather than a forced replacement.

The exception is merchants in markets where card-based processors are unavailable or unreliable. In those cases, XRP becomes a primary option for international customers rather than a supplement.

Common concerns addressed

My customers do not know what XRP is. Most customers who use XRP already have an exchange account. For those who do not, the process is: create an account on a major exchange, buy XRP, send to the address shown at checkout. Customer familiarity with XRP is growing steadily across all major markets.

How does accounting and tax reporting work? XRP transactions are recorded on the public ledger with transaction hashes, timestamps, and amounts in XRP. DropPay displays the USD equivalent at the time of payment. The CSV export produces a complete record compatible with standard accounting tools.

What about currency volatility? XRP price fluctuates. DropPay locks the XRP rate at the time a payment is initiated, so the customer pays the agreed-upon amount. The XRP you receive may change in USD value after settlement. This is the same consideration that applies to any multi-currency payment arrangement.

For a detailed look at how DropPay compares on fees, settlement, and availability, see the Switch to DropPay overview.