The Most Popular Online Transaction Methods for Payments

Making purchases online is a fact today, and one of the best things that the internet offers is the ability for entrepreneurs to take their businesses anywhere in the world through a website. Online payment methods have become a vital part of businesses today.

If your business can’t receive money electronically, your high-ranking and top notch site would be useless. The good thing is that it has become a lot easier to get payments for goods and services through online payment service providers. However, with so many online payment solutions, which one should you trust for bank transfers, real-time orders and that all-important credit card? Here are the best online payment methods you could try:

PayPal

This list wouldn’t be completed without PayPal as it is the most widely used online payment method in the world, processing more than eight million payments every day. It is also accepted by many online casinos. Users register a PayPal account and pay a certain fee for each transaction. Fees and rules vary for cash amount transacted and currencies used.

PayPal has more than 137 million active accounts in 26 currencies and 193 markets around the globe. The provider offers a number of perks, including a card swiper, accepting checks using a smartphone’s camera and allowing users to make purchases without leaving the seller’s site.

Skrill

Formerly Moneybookers, Skrill offers intriguing features such as low fees, free setup and ability to send text messages from the account. Aside from being a simple and popular alternative to PayPal, the provider is a great option for international merchants as it allows almost instant transfer of a user’s account balance into his prepaid debit card.

If you refer someone, Skrill will put 10% of the fees they get from sending or paying money into your account for a whole year.

Stripe

Stripe is a popular online payment method among developers. The provider’s robust API allows developers to easily integrate a payment system into projects they are working on. You can customize the Stripe platform to meet your needs, whether you are running an on-demand marketplace or a subscription-based company.

The provider integrates with many other applications, so even for those who are not professional programmers, they can quickly get up and running. And the fact that it does not have set up or monthly fees makes it a great option.

2CheckOut

2CheckOut is another reliable and trusted online payment service provider that allows you to accept PayPal, debit cards and credit cards globally. It offers advanced fraud protection, allows you to bill your customers automatically with recurring billing, integrates with many online shopping cards and can be accessed in 87 different languages. To get started, you simply need to sign up and verify your Stripe account.

ACH Payments

ACH Payments has a number of key features that make it one of the best payment systems in the world. Some of its pros include the ability to make global payments and serving as a merchant account, payment gateway, mobile payment processor and credit card processor.

WePay

What makes WePay an excellent option is not the fact that it is a payment processor that allows internet merchants to accept bank account and credit cards payments via the internet, but the fact that it is simply incredible.

With WePay, you can start accepting payments under one minute. The only downside is that it is only available for people who live in the United States.

Authorize.Net

Authorize.Net is believed to be the most widely used online payment gateway, probably because it has been in service for 22 years. Currently, there are more than 375,000 merchants handling over $88 billion transactions every year through e-checks and credit cards.

Dwolla

Dwolla is more like PayPal when it comes to funds transfer, but its API has made it easier for it to focus more on Automatic Clearing House (ACH) payments or bank transfers; therefore, you can create a customized payment solution to receive payments in a day. The best thing is that transactions are usually free.

Apple Pay

This is a great payment option for merchants. Transactions are not only faster but also secure since the provider users touch ID confirmation. This means that you can use your fingerprints to pay for your takeout pizza. Although Apple Pay is relatively new in the industry, don’t be surprised if the company will adapt to support older machines.

Payoneer

Payoneer is one of the oldest payment processing services in the world. The service accepts 150 different currencies and is available in more than 200 countries. Receiving payments is 100% free and the provider includes flexible API that expands with your business

For people who are not ready to go digital, Payoneer allows you to receive and use a MasterCard

Google Wallet

You can think of this online payment service provider as Google’s version of PayPal. Since we are already familiar with Google, it shouldn’t be difficult to trust this service. Google also made an announcement last month that it will release a physical card which will be connected to the accounts of the users so that they can use Google Wallet in their businesses.

Saurabh Saha
Pursuing MCA from the University of Delhi, Saurabh Saha is an experienced blogger and internet marketer. Through his popular technology blogs: TechGYD.COM & Sguru.org, he is helping several brands to gain exposure in front of high-quality web visitors.