Basis Theory vs Paysafe

Basis Theory is a cloud payment-data platform that centralizes sensitive information, governs access, and routes tokens to payment services. It tokenizes card data at collection so raw primary account numbers do not touch customers’ systems. Its tools include Proxy, Reactors, Elements, and Token Intents for routing, server-side logic, collecting sensitive data, and validating information before tokenization. Vault capabilities include Account Updater, BIN Details, Network Tokens, and 3DS. The maker says its API connects with existing payment service providers, listing Stripe, Adyen, Worldpay, Chase, Braintree, Nuvei, Amazon Pay, and ACI as examples. Documented SDKs cover.NET, Java, Go, NodeJS, Python, Terraform, React, JavaScript, iOS, Android, and React Native. Basis Theory states that it is PCI Level 1 compliant, SOC 2 Type II certified, ISO 27001 certified, and HIPAA compliant. It says data is encrypted at rest and in transit with tenant-specific keys, and communications use TLS 1.2+. The Standard platform costs $995 a month, includes 20,000 tokens, and charges $0.05 per additional token. Tokens added and deleted within a calendar month still count toward that month’s token total.

Paysafe is a payments platform for businesses and consumers, covering card payments, digital wallets, eCash, and local payment methods. Its REST-based Payments API connects multiple methods through one endpoint and returns JSON-encoded responses. Supported options include cards, bank transfers, cash, crypto, direct debit, vouchers, and wallets such as Apple Pay, Google Pay, Neteller, and Skrill. Paysafe Checkout can be embedded in a website and customized, with payment details sent securely to Paysafe for processing. The company offers Shopify checkout integrations and an official WooCommerce integration. Shopify checkout supports cards, Skrill, Neteller, PaysafeCard, PaysafeCash, ACH, and EFT. Paysafe lists iGaming, video gaming, e-commerce, online trading, retail, travel, and hospitality as focus sectors, and says its platform supports more than 260 payment types and 48 currencies. Its Shopify checkout page describes built-in fraud protection and 3D Secure capability. Paysafe reported PCI DSS 4.0.1 certification across payment card products, with audit controls under PCI, SOC-2, and ISAE3402 frameworks. General pricing is on request. For US and Canadian Shopify Standard plans, the listed transaction fee is 2.75% + $0.35, with zero setup and monthly fees.