The Best Payment Gateways

Payment gateways allow you to take card payments online. Every payment gateway is different, non merchant account fees range anywhere between 1.4 to 3.5 % with no monthly fees. Sometimes having a merchant account is a better option because it can often lower processing fees. You’ll find that a number of the best payment gateways offer both options, some even offer direct integration into accountancy systems which helps keeps you in control of your sales figures.

PayPal

Pros

PayPal is easy to set up and easy to use, many buyers have PayPal accounts

Cons

You’ll need a PayPal account

PayPal is one of the most widely used online payment platforms. It allows its users to make and receive payments all over the world. PayPal provides payment processing services for e-commerce vendors, auction sites, and other commercial entities globally, and allows you to accept credit cards including Mastercard and Visa. Paypal pricing is competitive, with card processing charges at 2.9% per transaction, with no monthly fees, making it is ideal for businesses.

Stripe

Pros

Built-in APIs and developer tools, Mobile payments

Cons

– Tech understanding needed

Stripe is a powerful payment platform designed for online businesses, The main selling point for Stripe is you are provided with a range of flexible tools to customize your own payment processes. Stripe also supports more than a hundred currencies and offers features such as mobile payments, subscription billing, and one-click checkout. Users also get access to a dashboard where they can visualize transactions. Stripe however does demand a lot more technological knowledge from the user than most providers. If you need help installing Stripe don’t hesitate to get in touch.

Stripe offers a particular advantage to merchants based in Europe, as card processing fees for European cards are 1.4% + a small fee per transaction. For non-European cards, processing fees are a more standard 2.9%, plus a small charge per transaction.

Pay Line

Pros

Built-in security and fraud protection, Mobile app integratio, Lower monthly fee

Cons

Transaction costs are not fully transparent

Payline offers gateway payment processing, and its web solutions are designed to integrate with over 175 online shopping carts. The company also offers mobile solutions designed to accept payments via mobile apps. The Payline payment processing gateway also integrates with QuickBooks for ease of payroll management, and business financials in general.

Payline has packages to suit both small business and enterprise options for bigger concerns. Swiping In-Person 0.2%, $0.20 per transaction / $20 per month. Credit cards not present plans cost 0.4%, $0.20 per transaction / $20 per month.

Adyen

Pros

Works from one platform, Used by major firms +Integrated data insights

Cons

Complex pricing structure

Adyen is used by companies such as Uber, Spotify, and eBay. The software lets you accept every payment made from a single platform, as well as gives you tools to manage risk and track results. Adyen supports all key payment methods globally. Also, many payment methods can be used outside of the shoppers’ country. There’s a processing fee plus payment method fee per transaction, no set-up fee, 24/7 in-house support, and access to a full range of tools on the platform.

Authorise.net (from Visa)

Pros

Merchant account provides support for credit cards and digital providers , Wide range of currencies supported+Designed for any business The main aim of Authorize’net is to streamline the payments process, and Authorize.net does exactly that. Developed with firms of all sizes in mind and offering a choice of plans, the platform gives you the tools to sell items and take payments online, or in-person at a store.

With the solution, you can accept payments from websites and transfer funds into a merchant bank account quickly. It supports all major credit cards, including Visa, MasterCard, American Express, Discover, Diner’s Club, and JCB. As well as this, the platform is compatible with digital payment services such as Apple Pay, PayPal, and Visa Checkout. Choose from flexible options that include an All-in-One option with a per-transaction rate of 2.9% + 30¢ or a Payment Gateway Only package with a per-transaction rate of 10¢and a daily batch fee of 10¢ with no setup fee for both.

As you can see there are some great payment systems out there. Hopefully, We’ve helped to help you choose the right one for your business!