The 15 Most Popular Online Payment Solutions
There’s no denying that when it comes to accepting and
receiving payments, PayPal is the reigning champion. In fact, it’s the de facto
online payment solution for online customers, freelancers, and business owners.
While people tend to love PayPal for a variety of reasons,
technology has opened the door for a number of competitors to challenge PayPal
by offering cheaper frees, faster transactions, and enhanced security. Here are
15 of those alternatives.
1. Due
Accept Payments Online And On Mobile
Due made a name for itself through its innovative
time-tracking and invoicing tools, which are especially useful for freelancers
and small business owners. More recently, Due has allowed users to start
accepting secure online payments for just a 2.7 percent transaction rate. Due
also accepts global payments, which typically occur within two business days,
as well as a digital wallet to send or receive money to anyone in the world
instantly with little to no cost. It even has an e-bank where you can store
your cash online.
2. Stripe
Stripe
Stripe has fascinated users for the last couple of years
with its powerful and flexible API. This means that you can tailor the platform
to meet your specific needs, whether you’re running a subscription-based
company or an on-demand marketplace. Stripe integrates with hundreds of other
applications, so even if you’re not a professional coder, you can get up and
running quickly. The lack of setup, monthly, or hidden fees is an added bonus.
3. Dwolla
Dwolla- Bank Transfers for Platforms, Payouts, and More
Dwolla has similar features to PayPal when it comes to
transferring funds, but thanks to its API, it focuses more on bank transfers,
or Automated Clearing House (ACH) payments, so users can create a customized
payment solution where payments are received within a day. Best of all,
transactions are free.
Related: What You Need to Know About the 3 Biggest Global
Payment Methods
4. Apple Pay
Apple Pay - Apple
If you’re a merchant, then it’s time to consider accepting
Apple Pay. Transactions are faster and more secure, since Apple Pay uses touch
ID confirmation. In other words, a customer can use their fingerprint to pay
for their takeout pizza. Apple Pay is still relatively young, but don’t be surprised
if the service will adapt to support older machines. Also, word on the street
is that Apple is working on a P2P payments system within iMessage.
5. Awepay
Worldwide Epayment Solutions - Malaysia
Backed by over 20 years of experience in the electronic
payments industry, AWEPay engages in an ongoing effort to refine its expertise
and creativity over time, offering reliable online payment processing for
banks, merchants, and buyers alike. We know what it takes to provide you with
trusted payment solutions, facilitating your global e-commerce transactions
effortlessly.
6. 2Checkout
Online Payment Processing - Accept Payments Online -
2Checkout
2Checkout is another trusted payment platform that allows
users to accept credit cards, debit cards, and PayPal globally. It’s available
in 87 different languages, offers advanced fraud protection, integrates with
hundreds of online shopping carts, and allows you to automatically bill
customers with recurring billing.
Related: Big Banks Make Online Payments Easier for Business
Owners
7. Amazon Payments
Accept Payments Online And On Mobile - Amazon Payments
If you want to give customers peace of mind, then accept
payments through Amazon. Whenever they make a purchase on your site, they
automatically go through Amazon’s checkout. This means that they’ll use their
Amazon credentials, which makes the checkout process more convenient and
trustworthy.
8. Square
Credit Card Processing - Accept Credit Cards Anywhere -
Square
Square changed the game when it introduced its magstripe
reader, allowing business owners to swipe credit cards anywhere for a 2.75
percent transaction fee per swipe. However, you can also send electronic
invoices, and ultimately get paid, through the Square Cash App.
9. Payza
Payza - Send Money, Receive Payment, Money Transfer, Shop
& Sell Online
With this popular service, you can send or receive payments
from anyone in the world in just a matter of minutes. It also has a cool and
easy-to-use interface, offers a robust and unique security system, and provides
dedicated support—and it’s free to sign up. What’s most interesting about Payza
is that on top of receiving and withdrawing funds from a bank account and
credit card, it also accepts bitcoin.
10. Skrill
Snline payments & Money transfers - Skrill
Skrill has become a popular alternative to PayPal thanks to
features like instant withdrawals and deposits, low transaction fees, exclusive
offers, the ability to accept from 40 currencies, and being able to send text
messages directly from your account. If you refer a friend, the company will
put 10 percent of the fees they generate from paying or sending money into your
Skrill account for an entire year.
Related: How to Cut Transaction Costs on Customer Purchases
11. Venmo
Venmo - Share Payments
Even though PayPal acquired Venmo, the fundamental
principles are different between the two. PayPal is used for making simple
transactions for either personal or professional purposes. Venmo is used by
individuals who consider themselves social spenders. In other words, it’s like
a hybrid of PayPal and a social network like Facebook, since transactions are
shared on an online feed. So whenever a friend pays back a friend, it’s shared
publicly.
12. Google Wallet
Google Wallet
Once known as Google Checkout, Google Wallet is an online
payment service that allows users to send safe, simple, and speedy money
transfers from their browser, smartphone, or Gmail account. You can store
credit cards, debit cards, loyalty cards, and even gift cards to your account.
13. WePay
Online Payment Solutions - Accept Online Payments - WePay
WePay prides itself on its top-notch customer service and
fraud protection. Merchants, however, like the fact that customers can make
their purchases without having to leave their site, thanks to a virtual
terminal. WePay also offers Know Your Customer collection and risk management
and can be used for invoicing, event ticketing, and marketing automation.
Related: How Square Is Helping Businesses Save on
Transaction Fees
14. Intuit GoPayment
Easy Mobile Credit Card Processing - Intuit GoPayment
Intuit is almost indispensable for a small business owner.
Besides being able to accept payments both online and in person with the mobile
GoPayment credit card processor, Intuit can assist you with payroll and
calculating taxes. The most promising features is the low monthly rate of
$19.95, which only charges a 1.6 percent charge for credit card swipes, as
opposed to the standard 2.40 percent rate.
15. Authorize.net
Credit Card Processing for Small Business Merchants to
Accept Payments Online or Anywhere - Authorize Net
You can’t leave out Authorize.net. After all, it’s been
processing payments since 1996! It’s also the Internet’s most widely-used
payment gateway and has been the recipient of the Achievement in Customer
Excellence (ACE) award from 2008 to 2016. Even though the company has been
around for twenty years, it stays current with trends, like being able to
accept Apple Pay. No wonder the company is so widely regarded!
Today, online businesses have more payment platform options
than ever before. Each platform comes with its own advantages and fallbacks,
and it’s up to you to find out which is best for your business. Which payment
platforms have simplified your business transactions in the past? Which
platforms do you plan on trying?
#OnlinePayments #PaymentsSolutions #Payments #Awepay
#Epayments
#Due #ApplePay #GooglePay #AuthorizeNet #IntuitGoPayment
#GoogleWallet #Venmo #Stripe
#Dwella #AmazonPayment #payza #skrill #squarepayment
#2checkout
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