Whop becomes a PSP: what community builders should know
The payment processing landscape has seen a significant development: Whop has officially become a Payment Service Provider (PSP) while maintaining Stripe as one of their payment options. This move represents an important shift in the digital payments ecosystem, as Whop now competes directly with Stripe while still offering it as a payment method.
What is Whop Payments?
Whop Payments is a modern payment processing platform designed for the future of online business. Built to serve everyone from entrepreneurs to global enterprises, it offers a complete payments stack that goes beyond traditional payment processing.
Key Features of the New Platform
Multi-PSP Orchestration
- Routes payments through multiple payment service providers (including Stripe)
- Increases revenue by 5-10% through intelligent routing
- Automatically retries declined payments with alternative providers
Global Reach
- Accept payments from 195 countries
- Support for 135+ currencies
- 100+ payment methods including crypto, BNPL, and local payment options
- Payouts available in 241+ countries via local banks, Bitcoin, and stablecoins
Competitive Pricing
- Credit card rates: 2.7% + 30¢ per successful transaction
- Enterprise rates available for businesses processing $50K+
- Transparent pricing with no hidden fees
The Strategic Shift: Beyond Discord & Telegram Subscriptions
While Whop initially gained popularity as a platform for Discord and Telegram community monetization, becoming a PSP represents a strategic expansion into the broader ecommerce and SaaS markets. The company is now positioning itself as a comprehensive payment solution for any online business, competing directly with Stripe while still offering it as an option.
What This Means for Businesses
- Increased Revenue: Multi-PSP orchestration can boost revenue by 5-10%
- Global Expansion: Reach customers worldwide with local payment methods
- Flexible Payouts: Get paid in your preferred currency or cryptocurrency
- Developer-Friendly: Easy-to-use APIs and SDKs for seamless integration
- 24/7 Support: Human support available around the clock
Alternative Solutions: Sublyna.com
For businesses looking for specialized community monetization solutions, Sublyna.com offers a focused alternative. While Whop expands into broader payment processing, Sublyna remains dedicated to community builders and creators who need:
- Specialized Community Tools: Built specifically for Discord and Telegram
- Creator-Focused Features: Tools designed with community builders in mind
- Simplified Workflow: Streamlined processes for community monetization
- Dedicated Support: Expertise in community building and engagement
- Community-First Approach: Focused on building and nurturing engaged communities
You can explore Sublyna’s community-focused solutions at sublyna.com
The Future of Payments
Whop’s CEO Steven Schwartz stated
Whop is now officially independent from Stripe.
What this means for anybody running a business on Whop:
Orchestration through multi-PSPs is now available (lifts your revenue by 5 - 10%) Sellers can get paid out in nearly every country via local banks, BTC, or stablecoins…
This vision aligns with the growing demand for accessible, global payment solutions that can scale with businesses of all sizes.
Choosing the Right Solution
The choice between platforms depends on your specific needs and business model:
For Community Builders & Creators:
- Sublyna.com - Specialized tools for Discord, Telegram, and community platforms
- Focus on engagement, monetization, and community building
- Streamlined workflow for creators
For General E-commerce & Global Expansion:
- Whop Payments - Comprehensive payment processing with global reach
- Multi-PSP orchestration for higher conversion rates
- Support for 100+ payment methods worldwide
Both platforms serve different market segments effectively. Community builders will find Sublyna’s specialized approach more suitable, while businesses requiring broad payment capabilities may prefer Whop’s comprehensive solution.
