When it comes to online payments PayPal is a winner. But if you want to consider other options with less expensive fees then read my article with 15 of those alternatives.
Due is an online payment solution with innovative time-tracking and invoicing tools. They are handy for small businesses and freelancers. The rate is as low as 2.7 percent transaction rate. It has a digital wallet with little to no cost.
Fast transactions, security and touch ID confirmation these are major advantages of Apple Pay. Touch ID for example allows a user to make a payment with his fingerprint. Now Apple is working on a P2P payments system within iMessage.
Probably you have heard already about Stripe, it just started to be very popular during recent years. Big advantage of Stripe is its API which means you can tailor the platform to meet your business needs or integrate with other apps.
Skrill has low transaction fees, exclusive offers, it accept more than 40 currencies, the interface is very friendly and intuitive.
WePay has powerful APIs built for platforms, powered by JP Morgan Chase. It integrated with SMB SaaS, POS Systems, and Online Marketplaces.
Merchants with a Chase bank account can receive same day payouts, at no additional cost.
Intuit is able to accept payments both online and in person with the mobile GoPayment credit card processor. It also can assist you with payroll and calculating taxes. The fees are as low as $19.95 per month, and transaction fee is 1.6 percent for credit card swipes.
Big advantage of Dwolla is its API, allowing it to make bank transfers, or Automated Clearing House (ACH) payments, all transactions are free.
There is no freelancer who hasn’t heard about Payoneer. It is very good recommended and available in more than 200 countries with 150 currencies. Payoneer has a flexible API. Like PayPal, you can receive a plastic MasterCard.
2Checkout is very popular among merchants as it integrates with online shopping carts and allows you to automatically bill customers with recurring billing.
It accepts credit cards, debit cards, and PayPal globally.
If you are a merchant, you can integrate with Amazon Payments and your customers will be able to make a purchase on your site using Amazon’s checkout with their Amazon credentials.
Square is a relatively new player in the market that allows easily accept your customer’s card with a swipe or a dip with one of our Square Readers. The transaction is 2.75 percent transaction fee per swipe. They also offer invoice feature – an option to request payment from customers with digital invoices. You can create, customize, and track these through the Invoices app, your browser, or Square Point of Sale.
Authorize.net is been processing payments since 1996! It also got the Achievement in Customer Excellence (ACE) award from 2008 to 2016.
Luckily now online businesses have more payment platform options than ever before. Which platforms would you like to try? If you have your question, please write it below, I would be glad to answer your questions or to introduce your project to my team at Astorts Group to be evaluated.
Alessandro Rocco Pietrocola is an entrepreneur and investor based in London and operating mainly in Europe, Asia and Oceania with main focus on UK, Baltic Countries, Russia, China, Hong Kong, Malaysia, Singapore, Middle East and New Zealand as area of interest! At the moment is the CEO of Astorts Group. He is an UK FCA (Financial Conduct Authority) Approved Person and is has great experience as director of regulated companies. He uses to dedicate part of his life to inspire others and help them achieve the most out of their life. Since he was 20, he had successfully founded and managed several companies operating in the field of management consulting, wealth management and fintech. He loves travelling, he is a cigars lover, an amateur golfer and a dapper man.