• Competitor overview

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Merchant Services & Payment Processing | Elavon

https://www.elavon.com/

Goal similar
To provide secure, innovative online payment solutions for businesses across various industries.

In short
Elavon offers online payment solutions tailored to help businesses accept payments and optimize their payment processes.

Description
Elavon specializes in providing online payment solutions to help businesses effectively accept payments in a secure manner. They target a broad range of industries and focus on ecommerce, mobile in-app payments, and digital wallets, emphasizing security through encryption and tokenization. Their services are designed to integrate smoothly with existing payment infrastructures, allowing businesses to manage transactions through a unified gateway solution. Elavon prioritizes innovation and flexibility, offering adaptable solutions that cater to the specific needs of different businesses, alongside strong customer support and vertical industry expertise.

Selling Propositions
Strengths against Stripe
  • Elavon has a long-standing experience of over 30 years in providing payment solutions, indicating reliability and deep industry knowledge.

  • The company offers flexible integration options, including semi-integrated and hosted solutions, allowing businesses to choose the best fit for their operations.

  • Elavon prioritizes payment security with advanced encryption and tokenization, ensuring protection of payment data both in transit and at rest.

  • They tailor solutions to specific verticals, such as healthcare, retail, and travel, which might give them an advantage in providing industry-specific features.

Weaknesses against Stripe
  • Elavon's focus seems to be primarily on point-of-sale and ecommerce payment processing, with less emphasis on other financial services and revenue automation that Stripe offers.

  • There is no explicit mention of supporting over 100 global payment methods and currencies, which is a key feature of Stripe.

  • Elavon doesn’t seem to offer a comprehensive suite of APIs and no-code tools for seamless integration like Stripe, which can be crucial for developers and non-technical users.

  • Their solutions may not be as comprehensive as Stripe’s offering, which includes advanced fraud prevention and configurable tax compliance options.

  • Elavon's product offerings do not explicitly mention features like automated accounting, billing, and issuing of physical and virtual cards, which are part of Stripe's platform.