Today online purchases are a rule rather than an exception; not only during the holiday shopping season but this is used throughout the year to buy from books to kids and grownups clothing, accessories and much more. If your business is not able to make an electronic sale, your online survival may be at stake.
With so many payment service providers giving online payment solutions to industry and consumers, they make it easy to collect payments for offerings from around the world in a secure and trusted manner, through credit card, bank transfer, etc. However purchasers are skeptical about security. Our top 10 online payment service providers are:
WordPress users can create their own eCommerce shop through WooCommerce, its vendor and customer friendly features allow you to run coupon campaigns, manage your store’s daily activities, learn about shipping and tax rules, and check your store’s overall performance securely.
2CheckOut offers a combination of a merchant account and payment gateway that without having a Paypal or a Merchant account. Registering and verify your account and start accepting credit card and PayPal payments. Features include international payments, shopping cart stores, and a recurring billing feature.
Developers would already be using Stripe to integrate a payment system with projects through Stripe’s robust API. A merchant account is not needed, and you can build your own payment forms that may not necessarily conform to PCI requirements.
7. ACH Payments
One of the top payment systems today, the ACH Payments comes with several features like accepting global payments; serves as a payment gateway and a merchant account; credit card processor, and mobile payment processor. One definite advantage is that ACH payments can be used as a payroll system.
Simplicity of use makes WePay standout in payment processing for Internet merchants to accept credit cards and bank account payments online. Once activated merchants can accept payments in under a minute. Its drawback is that it’s only available for U.S. citizens.
The most widely used online payment solution gateway Authorize.Net has been around since 1996 which accounts for its popularity. With 375,000 merchants handling more than $88 billion in annual transactions safely through credit cards and e-checks vouches for its being a solution of choice.
Dwolla recently came as a competitor to PayPal it comes with some unique benefits like ability to transfer funds through email, phone, Facebook, LinkedIn, or Twitter. However Dwolla’s appeal is in that it charges transactions fees for less than $10 and just $0.25 per transaction over $10.
3. Amazon Payments
Amazon Payments offers a safe, convenient and easy to use method for users to receive money by using Amazon’s API. Users can also send money via ACH (Automated Clearing House). Since almost everyone has an Amazon account, all your important information has already been stored.
PayPal which averages 8 million payments daily is the most widely used payment acquirers. Currently with over 137 million accounts in 193 markets and 26 currencies worldwide, PayPal features easy transfer and requesting payments options. PayPal popular features of accepting checks through a smartphone’s camera image; a card swipe machine; allowing customer to make a purchase without leaving the site makes it a top favorite.
1. Google Wallet
Google’s Google Wallet Card ’s competes with PayPal offering money transfers also. Google release of a physical card that connected to users’ accounts allows account holders to utilize Google Wallet at retail businesses. For convenience and given the number of users it attracts, Google Wallet comes on top of this list of the top 10 online payment solution providers.