What are the best banks for developers to handle payments in their applications?

As a developer, choosing the right bank to handle payments in your application can be a daunting task, especially with all the options available. You've already looked into Stripe and PayPal, which are both great options, but it's worth considering a few other factors and alternatives before making a decision.

First, let's talk about the importance of a robust API. You'll want to choose a bank that has a well-documented API with clear instructions and examples, making it easy to integrate into your application. For example, Stripe's API is known for being easy to use and has a wide range of API endpoints for handling different types of payments. On the other hand, PayPal's API is also robust, but it can be a bit more complex to use, especially when dealing with OAuth tokens and payment callbacks.

Security is also a top concern when it comes to handling payments. Look for a bank that has a strong focus on security and compliance, such as PCI-DSS certification and two-factor authentication. Bank of America and Wells Fargo, for example, have a strong focus on security, but their APIs can be a bit more restrictive and harder to use than some of the other options out there.

In terms of fees, it really depends on the type of payments you'll be processing and the volume of transactions. Stripe and PayPal both have competitive pricing, but you may be able to negotiate better rates with a traditional bank like Bank of America or Wells Fargo if you have a large volume of transactions. Just be aware that these banks may also have more restrictive requirements and minimum processing requirements that you'll need to meet.

Recurring payments are also an important consideration. Some banks, like Stripe, have built-in support for recurring payments through their Subscription