Your payment processor is an important part of your business, they can either suffocate your business growth olend you the wings you need to fly. To help you make the best choice for your business, I put together this list of 16 of the best as well as easiest online payment processors to get your business off the ground.
This collection of Payment Processors is part of the larger Curated list of Tools for Entrepreneurs: 800+ Resources
Stripe is an amazing payment processor that’s doing some awesome things for online payment processing. Customer service is on point and they’ll work with your business to achieve your needs. They recently released Atlas, a way for you to incorporate your company and open a US bank account outside of the United States to unlock the benefits of US customers.
2checkout is an old player in the payment processing industry and they’ve been able to work with vendors from almost every country on the planet. They have a vetting process that once you scale through allows you to easily set up a shopping cart and start collecting payments with all major credit cards.
Beanstream has been in the game for over 15 years and works for people trying to collect payments in North America and Europe. The neat part of this platform is that they integrate with your online store as well as your offline store. There is no monthly payment, rather a transaction fee. This is good for low volume users, but more tedious for higher volume users.
Braintree has free processing on your first $50k, what could be better? Ok, seriously, this payment platform is brought to you by PayPal and is one of the very few that allow you to collect Bitcoin. They also have a partnership deal with Pinterest that lets people buy your pins directly. This platform has plenty of promise if they can get away from the stigma sometimes associated with PayPal.
If nothing else, Bluepay has a huge transaction volume every year. Since we all know that doesn’t equate to a great platform, let’s dive in. Bluepay is more than an ecommerce solution, it powers both online and offline transactions for your business. It’s largely geared for B2B customers and B2G (business to government) customers that have a larger average transaction size than B2C
Wepay is an elegant solution, one of the most endearing parts is that you can completely customize the platform without their logo appearing everywhere. Something that is usually only available for enterprise level clients. They have a host of integrations and are best with invoicing, event sign ups, and marketing automation.
Authorize.net has been around for a while and has made a name for itself as a reliable solution for small and mid-sized businesses. It has everything you’d expect in a payment platform that’s also built with Ecommerce in mind. They accept most major cards and even some uncommon payment options on behalf of your business.
Dwolla is good online payment processor and works just as well for transferring money to others in your network . The only part where you’ll see a problem is making or receiving international payments. With its strong relationships with all the major banks, Dwolla is a very good option.
Amazon Payments is a relatively new solution that takes the power of Amazon and allows you to integrate it on your site. Every single amazon user can feel more comfortable by logging into Amazon, instead of inserting credit card information, and using that platform to pay you for goods. It works and it’s always getting better.
I just had to put PayPal on the list because, well, they’re a boss. Even though there are many horror stories of how they locked an account of a business owner, they’re still trusted by millions of people around the world to manage online payments.
Fastspring is an Ecommerce first payment processor that has been in the trenches for over a decade. They have a dedicated team of customer service professionals that take the customer first approach very seriously. They’re currently overhauling their entire platform (as of February 2016) and promise to put something amazing into the world.
Paysimple, just as the name implies, is a simple payment processor. It’s more geared towards small business that are offering a service that requires them to keep stringent invoices and receive payments regularly. Of course, you can still use it if you don’t fit that criteria, but other options will serve you better.
PayPoint is a UK based company that offers a lot of solutions to make sure you remain competitive in the rapidly evolving online world. They have mobile payment solutions, online payment portals, ecommerce integration and a friggin iWatch app. I mean, what else do you need? But seriously, this platform should be able to meet your needs.
Square is a robust ecommerce solution for your online business. It serves as a hub for inventory, online, and offline sales so you won’t have to switch between applications to keep your business running. They offer an app marketplace to help you find solutions right for you. Their major partners are Big Cartel, Weebly, and Woocommerce, but if those don’t meet your needs then you can tap into their well documented API to build a custom solution. I’ve only mentioned a few of the features Square offers, if you take a look around, you’ll see that it’s a truly end to end solution.
Payfirma is the last on the list, but certainly not the least. With this platform, you can collect payments across many different channels and load everything into your merchant account. The only problem I have is the billing for services. Instead of a percentage which would be best for smaller entrepreneurs, you have to pay a flat rate which may not be ideal for you