Which is better for your business – Stripe or Space Invoices? Both platforms offer comprehensive solutions for tax and invoicing compliance, including support for e-invoicing. However, there are differences.

Stripe Invoicing API and Space Invoices Invoicing API both offer tax and invoicing compliance with support for e-invoicing, but operating in completely different ways. To clarify these differences and provide a better understanding of both products, we have created a guide comparing Stripe Invoicing API and Space Invoices Invoicing API.

In this article, we are going to cover:

Stripe Invoicing Review

Similarities Between Stripe Invoicing API and Space Invoices Invoicing API

Key Differences Between Stripe Invoicing API versus Space Invoices’ Invoicing API

Space Invoices API Review

Earn More and Pay Less with Space Invoices’ API

 

Stripe Invoicing Review

Stripe Invoicing API is primarily built for global online businesses like Marketplaces and Ecommerce, providing tax and invoice automatization with the support for e-invoicing. It is built on top of Stripe Payments, allowing companies to accept credit and debit cards, bank transfers, and mobile wallet payments. The invoicing API can be integrated directly into websites, applications, or any platforms, automating their accounts receivable, collect payments, and reconcile transactions.

 

Similarities

Stripe Invoicing API and Space Invoices Invoicing API share several features, since both provide tax and (e-)invoicing services:

Developer-Focused Design: Both APIs are supported by comprehensive documentation and technical support;

Automated Invoicing Capabilities: Each API provides automation features for issuing invoices, sending payment reminders, and reconciling payments;

Tax Compliance: Both APIs adhere to global tax compliance standards, ensuring that invoices are tax compliant with accurate tax rates, and are prepared for archiving and VAT reporting.

Customizability: Each platform allows for the customization of invoices, including layout adjustments, addition of branding elements like logos, and content modifications to meet business branding needs;

Compliance and Security: Both APIs emphasize adherence to local tax laws and financial regulations, alongside prioritizing security measures to safeguard sensitive financial data.

 

Key Differences

Stripe invoicing API and Space Invoices invoicing API have quite a few differences. To better understand what each product offers and is intended for, let's explore them in more detail.

Niche Specification

Stripe's Invoicing API is designed with end users in mind, offering an automated process for creating and issuing tax-compliant invoices to consumers. It includes payment links and supports a comprehensive range of payment processing methods, streamlining the collection of payments and reconciliation of transactions. This makes it an ideal solution for businesses that require invoicing solely for their operations, providing significant time savings for finance and operational teams.

Space Invoices' Invoicing API is primarily designed for Neobanks, SaaS, and Fintech platforms, enabling them to enhance their product offerings or create additional revenue streams by upselling invoicing solutions to their clients, thereby becoming a comprehensive one-stop-shop. The API emphasizes global tax and invoicing compliance, a user-friendly interface, and extensive customization options for invoicing features. Key features include:

White-labeling: Seamlessly integrate the API into your company’s dashboard with full customization and branding, making it appear as an in-house solution. This is particularly advantageous for upselling to clients.

Multi-tenancy: Support multiple users and organizations within a single system, ensuring individual data remains secure and inaccessible to other users.

Additional Integrations: Compatibility with various payment providers, including the option for Space Invoices to provide payment processing services. This flexibility allows you to use it internally or offer it to your clients, creating another potential revenue stream through revenue-shared payment processing.

Countries Compliant for Invoicing

For an invoicing API to be usable in a specific country, it must comply with that country's invoicing regulations. The provider of the API is responsible for integrating these regulations, sometimes obtain certification, and continually monitor and update them since regulations often change. Maintaining a broad list of compliant countries is essential because it allows a company to utilize a single API for all its existing and prospective markets, serve customers globally, and conduct cross-border invoicing efficiently.

Stripe's Invoicing API is generally supported globally across 46 countries. However, the availability of specific Stripe features can vary by country, with some features being supported in fewer regions and others in more.

Space Invoices' Invoicing API supports tax and invoicing compliance, as well as e-reporting, in over 70 countries. Additionally, Space Invoices offers a comprehensive guide for all currently and potentially supported countries, allowing clients to check compliance and regulatory requirements specific to each country, such as mandatory e-invoicing, real-time reporting, and more.

 

Space Invoices Invoicing API Review

Space Invoices API primarily caters to B2B SaaS companies, Fintech, and Neobanks, while also providing solutions for E-commerce and Marketplaces. This makes it a versatile solution well-suited for businesses that require rapid integration capabilities and support for global operations. As such, this API facilitates compliance and streamlines global (e-)invoicing, tax, and reporting, making it particularly beneficial for small and medium-sized enterprises. Additionally, Space Invoices features a user-friendly interface and includes tools for managing job estimates and receipts. Beyond invoicing and tax compliance, using Space Invoices allows you to:

Utilize a single API for current and future worldwide compliance;

Support and upsell your clients globally;

Position yourself as the one-stop shop for both current and future clients;

Streamline processes to save time and reduce costs, while also minimizing manual errors;

Ensure all documents are properly archived and reported to the relevant authorities;

Achieve rapid integration, typically completed in less than a week.

Having more questions about Space Invoices’ invoicing API?

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Earn More and Pay Less with Space Invoices’ Invoicing API

With Space Invoices’ Invoicing API, platforms looking to enhance their product offerings with invoicing capabilities can achieve this in less than a week and at a very low cost. This allows for a quicker time to market, enabling faster client acquisition and revenue growth.

Neobanks, Fintech and B2B SaaS platforms looking to grow revenue can upsell their clients with invoicing feature integrated straight into their platform like it was built-in house. With lower costs, you have the space for higher margins or more clients, as you can easily compete with other service providers in the market.

The invoicing feature is usually billed in one of two ways:

Subscription-Based Billing: Platforms may charge their clients a fixed monthly fee for using the invoicing feature;

Usage-Based Billing: Platforms may charge their clients a fee for each invoice issued;

Combination of Both: Platforms may set a monthly fee for a specific number of invoices, and then an additional fee for each invoice above that threshold.

For more information on using Invoicing as a New Revenue Stream, read our comprehensive guide or contact us via live chat.

Additional reading:

• 3 Best White-Label Invoicing APIs for B2B SaaS, Fintech, and Neobank Platforms
• Ask Your Developer: Key Insights for the Build vs Buy Debate in Invoicing API
• Bosnia and Herzegovina Implements VAT on Non-Resident Digital Service Providers