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If all your customers are local to your own country then yes you can engage a merchant e-commerce solution usually provided by a local major bank.

These were popular before Stripe arose.

You can save fees BUT the application process is often much more manual and long. Also don’t expect add-ons like having a good API or strong reporting or analytics.

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We had such an account before Stripe and Braintree were in existence. The rates weren't significantly better than what Stripe or Braintree offered, which is why we switched. I assume that's still the case...?

Here’s an example of such in Australia with one of our “Big 4” banks.

https://www.payway.com.au

The pricing is competitive as the currently charge a flat monthly fee which comes up much cheaper than stripe.

I know as I’m integrating stripe into the new member site im building for our client and they’ve come back saying the old option is much cheaper.

AUD $300-400/month flat fee from the top of my head.

It’s missing many of stripes features though as I said earlier, which I’m now having to try to sell the client on as the benefit of additional automation and reporting coming at additional cost.

Stripe is not straight up cheaper in this case.

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