BoomTax vs Stripe Connect
BoomTax
boomtax.com
Stripe Connect
stripe.comSide by side
| Figure | BoomTax | Stripe Connect |
|---|---|---|
| Price from | — | $20.25/mo |
| Free plan | — | Yes |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | — | Yes |
| Android | — | Yes |
| API | Yes | Yes |
| Plans published | 5 | 3 |
| Spec score · 1099 Filing Software | 8.4 (#5) | 8.8 (#3) |
| Documentation | The help center is organized into getting started, how-to, e-filing, services, corrections, ACA, FAQ, and other sections. | Stripe provides Connect guides, API references, code samples, and migration material for its developer libraries. |
| Headquarters | LinkedIn lists Corpus Christi, Texas as BoomTax headquarters. | San Francisco and Dublin |
| Integrations | Listed integrations include ADP, Workday, UKG, Paylocity, Ease, Insperity, NetSuite, QuickBooks, SAP, and Sage. | Stripe lists Terminal, Tax, Billing, Capital, Issuing, and other Stripe financial products as capabilities platforms can add through its integrated stack. |
| Rating on G2 | 5.0 out of 5 from 12 reviews. | 4.3 out of 5 from 249 reviews |
| Rating on Trustpilot | 4.6 out of 5 from 23 reviews. | 1.6 out of 5 from 17,545 reviews |
| Security | BoomTax states that it is SOC 2 Type II certified and encrypts data in transit and at rest using 256-bit encryption. | The Connect features page lists PCI DSS Level 1 certification and PSD2 Strong Customer Authentication compliance. |
| Support | The official site advertises US-based phone, email, and chat support, with weekday hours of 10 a.m. to 5 p.m. Central Time. | Connect’s features page advertises 24x7 support by phone, chat, and email. |
| What it does | BoomTax is a cloud service for importing, validating, delivering, and electronically filing business tax information returns. | Stripe Connect lets platforms, marketplaces, and other businesses embed payments and coordinate money movement among multiple parties. |
Plans
BoomTax
- Premium$349, paid once
- Premium (ACA)$349, paid once
- EnterprisePriced on request
- Enterprise (ACA)Priced on request
- Premium (1099)Priced on request
Stripe Connect
- Stripe handles pricing for your usersFree
- You handle pricing for your users$20.25 a month
- Stripe handles pricing for your usersPriced on request
In their own words
BoomTax
BoomTax is a web and API service for electronic filing of 1099, W-2, and ACA forms. It accepts imported tax data through Excel templates or integrations with accounting and payroll systems such as QuickBooks Online, Xero, ADP, Workday, and others. Its REST API accepts JSON submissions, validates data before filing, tracks status, and generates recipient-copy PDFs. BoomTax can file with the IRS, SSA, and state agencies, while automatic checks include TIN matching against IRS records, EIN verification, and error detection. Recipient copies can be sent by print and mail, compliant e-delivery with consent collection, or self-service PDF printing. Users can create an account and import data without a credit card; payment is required for e-filing, downloading, or printing. BoomTax says its workflow does not require customers’ own IRS or SSA account or TCC. It offers unlimited corrections, SOC 2 Type II certification, and 256-bit encryption in transit and at rest.
Stripe Connect
Stripe Connect embeds payments in software platforms and marketplaces and coordinates money movement among multiple parties. Platforms can choose Stripe-hosted, embedded, or custom onboarding, including identity verification and networked onboarding for existing Stripe users. Connect supports payments in 135+ currencies and 40+ payment methods across online, mobile, subscription, invoicing, and point-of-sale flows. Platforms can split payments, route funds across borders, control payout timing, and offer instant payouts. Prebuilt connected-account dashboards include controls for payments, payouts, settings, notifications, and payment methods. Risk and compliance features include KYC and AML checks, sanctions screening, MATCH list checks, and fraud management. Connect can automatically generate US 1099 forms; e-filing and delivery fees vary by pricing model. Its listed security features include PCI DSS Level 1 certification and PSD2 Strong Customer Authentication compliance. Pricing may involve no platform fees when Stripe handles user pricing, or $2 per monthly active account plus 0.25% + 25¢ per payout sent; other usage fees may apply.