Paddle

Paddle provides an all-in-one platform for SaaS and digital businesses, acting as a merchant of record to handle payments, subscription management, global sales tax compliance, and fraud protection. It offers developer-friendly APIs and tools to streamline revenue operations and reduce administrative burden for online businesses.

Paddle is a strong match for the Stripe Payments Platform concept. It explicitly offers payment processing, subscription management, fraud protection, and tax compliance, which align with the must-have features. The website also highlights developer APIs, reporting, invoicing, and support for global payment methods and currencies. While it positions itself as a 'Merchant of Record' which is a slightly different model than Stripe's pure infrastructure, the core functionalities for handling online payments and subscriptions are very similar and directly comparable.