People these days are resorting to online businesses to meet their daily demands. Hence, online shopping has been witnessing unprecedented growth. But then what about taking payments from customers? There have emerged numerous online payment solutions to enable easy, quick, and secure payments the world over. Reports state that in 2020, digital payments managed to generate globally an amount of over $5 trillion. Experts state that it is only likely to expand further. Those having an eCommerce portal should consider using online payment processing solutions to meet growing customer expectations. This allows faster transactions, boosts sales, and increases convenience.
Top 10 Payment Processing Solutions
1. Checkout.com:
It offers faster, reliable payments and enjoys direct acquisition, especially in major markets. This company also supports local payment methods, 20+ settlement currencies, and 150+ currencies. It also offers powerful integrations while managing your payments with payment tools and APIs. Every payment gets optimized, thus helping revenue growth.
2. Authorize.net:
It offers a simplified payment process, allowing payments to be made via eChecks, credit cards, and contactless payments. Customers are also offered other payment methods like mobile card readers, billing tools, eCommerce, phone payments, mobile payments, POS, etc. Moreover, customer details are safeguarded from fraudsters.
3. WePay: Payment Processing Solutions
Online businesses are suggested to incorporate this payment solution. It offers robust, JPMorgan Chase-powered APIs. Integrated payments are offered for online marketplaces, SMB SaaS, and POS systems. Using SDKs and open-source code samples, it can be integrated quickly and easily. This tool is just perfect for all business models.
4. GoCardless:
This payment tool can be integrated easily into the merchant’s website. GoCardless helps collect recurring and one-time payments from the bank accounts of customers directly. It also offers benefits like reducing costs, improving cash flow, tracking payments made, and reducing failed payments. GoCardless also assists with the reduction of enterprise churn, international barriers, operational expenses, conversion risks, and time to get payments.
5. Braintree:
It allows reaching a larger number of buyers, thereby increasing revenue. This platform manages to integrate popular digital wallets such as Apple Pay and Google Pay along with credit cards, debit cards, PayPal, and Venmo. Through the PayPal network and next-gen technology, you can expand your business reach.
6. Stripe:
Your website can derive a robust payment infrastructure with this platform. It’s software and APIs allow sending/accepting payments and managing online business. It offers similar service and quality to both small and large businesses. This integrated suite helps develop sites and apps to send/accept payments on a global scale.
7. PayPal: Best Payment Processing Solutions
It is undoubtedly one of the most popular payment platforms used by most merchant’s websites. This is because it caters to the needs of businesses of all scales, sizes, and industries. You can use its multiple tools to improve business growth.
8. BlueSnap:
This all-in-one payment platform can help increase sales and reduce costs effectively. You can get to know how your payments affect your web business. Solutions can also be availed to reduce checkout abandonment and technical debt, increase authorization rates, and avoid cross-border fees.
9. Dwolla:
Started in 2010 in the US, this company has been trying to dethrone PayPal. It allows recurring, one-time fund transfers along with mass payments. It is available online. Also can be found mobile apps for Android and iOS users.
10. Adyen: Excellent Payment Processing Solutions
It manages to offer diverse solutions for online marketplaces. It ranges from accepting online payments from any channel or device to adding payment techniques to improve conversion rates. All payment methods that customers trust can be included in it. Also, there can be improved authorization rates and optimized payments at every engagement point.
The above are the top payment processing solutions that you can consider implementing on your online shopping site.
