Wingspan vs. Stripe

Stripe Connect was not designed for B2B flexible work

Stripe Connect provides an API for onboarding, payments and 1099 filing for marketplaces. Wingspan is purpose built for managing a contingent workforce. Onboarding has more built-in options for verification and invoices can be automated based on job data.

Wingspan offers bank accounts and virtual cards to contractors. Stripe does not.
Wingspan, unlike Stripe, provides a complete platform for the entire lifecycle of flexible work, from AR to AP, and integrations to ERP and other systems.
Wingspan fully takes over the entire process during tax season, ensuring accurate, timely 1099 filing with the IRS and delivery to your workers. Stripe does not.

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See how easy it is to switch from Gig Wage to Wingspan

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Trusted by businesses that run on contingent work.

Wingspan is the only platform that handles all the unique processes of contingent work at scale.

Onboarding

Streamline and control onboarding and eligibility.

Stop wasting time chasing W-9s and give your workers an easy way to get verified.

Painless, comprehensive contractor onboarding

Self-service contractor portal that frees up your time

Robust policy management for multiple contractor groups

Payments

Automate invoicing and payments from AR to AP.

Save time making payments, ensure accurate payments, and enhance contractor satisfaction.

Auto-tabulate contractor pay and automate payments

Handle multiple payment rules and schedules

Fast, flexible payment options

Compliance

Offload 1099 creation, filing, and delivery.

Reclaim your January with Wingspan managing your entire 1099-NEC process.

Convenient contractor help desk for questions and corrections

Automatically generate 1099-NEC forms

Secure, compliant filing and delivery

Worker Benefits

Provide access to big company benefits.

Offer the perks of full-time employment, without adding classification risk. Keep workers engaged and satisfied.

Free business checking accounts and debit cards for all workers

Licensed broker, curated insurance options

Financial tools to run their business

An all-in-one flexible work platform  that delivers real results.

Streamline your operations

$25,000

saved offloading busy season work and automating your critical workflows.

Attract and retain talent

20%

reduced churn by paying your workers faster and more conveniently.

Ensure compliance

$50,000

avoided for each compliance breach related to misclassification.

Looking for an alternative to Stripe?

Stripe Connect was not designed for B2B flexible work

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Stripe

Wingspan

Easy to use

Limited

90-second 1099 onboarding

Limited

Integrated background checks

Limited

W-9 / TIN verification

Limited

Receivables: Billing and Invoices

Limited

Ad hoc payments

Limited

Bulk payroll runs, handling commissions, splits

Limited

Wage garnishments

Limited

Contractor health benefits

Limited

Contractor tax withholding and payment

Limited

we'll get you going

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Your member advocate

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Set yourself up for success. And your business too.

Get personalized help setting up your business and your brand. Not sure if an LLC is the right move, or wondering how much to charge clients? We’ve got your back.

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get paid

Get paid your way, on your time.

Send invoices effortlessly with tools that make it easier for clients to pay up (and harder for them not to).

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scheduled for autopay

Apr 7, 2021

Invoice 1 of 4

$2,409.08

deductible

personal

deductible

get organized

Bookkeeping you can bank on.

Hold onto more of your hard earned money. Wingspan automatically handles bookkeeping, expenses, and even finds tax deductions for you.

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get covered

Big company benefits for you and yours.

Get the coverage you need and the perks you want with custom insurance and benefits packages.

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Your Benefits

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community reviews

I love having the choice to choose the projects I work on and the freedom to create my own work schedule.

Abby Carlson

Graphic Designer

I feel that I can really control my income now that I don’t have to worry about fees being take from my invoices.

Raydene Hansen

Creative Director + Designer

Wingspan vs. Stripe

Stripe Connect was not designed for B2B flexible work

Wingspan offers bank accounts and virtual cards to contractors. Stripe does not.
Wingspan, unlike Stripe, provides a complete platform for the entire lifecycle of flexible work, from AR to AP, and integrations to ERP and other systems.
Wingspan fully takes over the entire process during tax season, ensuring accurate, timely 1099 filing with the IRS and delivery to your workers. Stripe does not.

Request demo

Get Started on Your Success Story

Schedule a 30-minute product demo

Thanks for your submission. Please book your demo using our Calendly schedule

Trusted by businesses that run on contingent work.

Stripe Connect was not designed for B2B flexible work

Not built for contingent staff use cases

Payment freezes due to unnecessary KYC requirements
No self serve portal
No contractor features like benefits and help desk
No mapping of your org structure or entities
Missing lifecycle capabilities (e.g. background checks, automated calculation of pay, wage garnishment, 1099 dispute resolution)

Designed for developers, not finance teams

Developer required for customization
Must build TIN verification with separate API
Disconnected 1099 workflow
No personalized support

Hidden costs that add up

1-7 business day delay in funding your account requiring extra cash deposits in Stripe
>0.25% fee on all payment volume
1.5% processing fee for instant payments
Up to $5 per ACH payment
Double currency conversions in Canada, Europe and UK

The cost of Stripe can get out of control as you scale

Stripe pricing levers accelerate your costs

% of payouts volume
$ per active account per month
Incremental fees (e.g., tax filings)

Wingspan scales linearly or better with volume

Flat $ per provider paid per month (unlimited payments per month)
Volume discounts

Wingspan vs. Stripe

Stripe Connect

Wingspan

None

Built-in

Separate W9 collection and TIN verification API

Built-in and real-time

None

Sophisticated - configured during setup

Many transactional fees that scale unpredictably

One fee that scales predictably with your business

1-7 business days to fund your account

2 business days max to fund your account

>0.25% fee on all payment volume

No payment fees

Up to $5 per ACH payment and 1% fee for instant payments

No fees for ACH and instant payments to Wingspan Wallet

All foreign currency transactions must go through a Stripe USD account and incur fees

Direct payment via local rails in US, Canada, EU and UK with no currency conversion fees

Disconnected

Seamless and automated

None

Built-in

None

Included - fully offload Tier 1 support for tax season

None

Free accounting software

Discounted insurance plans

Dozens of additional benefits available

“The contractor help desk and support is where Wingspan really outshined Stripe.”

Keith Diamond

Managing Partner, Pourtastic Tastings

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Stripe Connect was not designed for B2B flexible work