Yes, there are many differences between Stripe and Lago. Here are some of the most common:

Lago is completely agnostic of payment providers, meaning you can use any payment service provider (PSP) with it, whereas Stripe requires the use of its entire stack.

Lago is event-based, making it easy to ingest a high volume of usage-based components. This eliminates the need for users to manually bill their own usage-based billing aggregation on top of Stripe.

Lago is open-source, so there is no revenue taken as a cut. For its fully cloud-hosted version, Lago prices a platform fee and tiers on usage-based events, making it more scalable for high-volume companies. Additionally, its open architecture allows for full customization to fit your needs.