In this era of technology, everyone is busy finding the best online way to buy and sell things. And to make this process reliable, top online payment platforms help you. Online payment platforms provide you with several advantages. For example, it speeds up the whole payment process. You just have to submit an online payment and update your account; this whole thing takes a few seconds.
For your ease, we are providing you with the top ten online payment platforms. In our article, we have discussed them briefly so that you can choose according to your or your organization’s online payment needs.
1. PayPal
PayPal is one of the world’s widely used online payment platforms. That is their biggest edge. Using this platform may make it easy because of its popularity. There are chances that most of your customers or potential supporters have already an account on PayPal. A plus point in using this platform is that PayPal takes all security concerns onto itself. That means you won’t be storing any credit card information.
Pricing: 2.9%+$0.30 per Credit/Debit transaction
2. Authorize.net
Authorize.net is the internet’s most widely used payment platform with over 430,000 merchants. The good thing about this platform is its up-to-date payment method. You will never face an unsupported payment type.
Pricing: $25/month+2.9% and $0.30/transaction
3. Stripe
Stripe is another powerful and flexible online payment platform for web developers and expanded businesses. It is designed for larger businesses, as it claims to handle billions of dollars worth of transactions annually. The best thing about this platform is its flexible tools that customize your payment method.
Pricing: 2.9% and $0.30 per Debit/Credit transactions + 0.4% per recurring Bill
4. Dwolla
Dwolla is another online payment platform that is famous for its flexibility, simplicity, and security. It offers its users multiple features like digital wallets, ability to send 500 payments at once. Moreover, multiple-stage interest, installment payments, etc.
Pricing: $25 per month + 0.5% per transaction
5. Amazon Pay
Amazon Pay is an online payment platform designed for Amazon merchants and customers. The website is designed with two options, one is for shoppers where you can just log in and pay. The other option is to pay with Amazon for merchants. Amazon Pay has a fraud protection feature too.
Pricing: 2.9% + $0.30 per transaction
6. Google Pay
If any online payment platform competes with PayPal and Amazon Pay, it’s Google Pay. It allows its user to pay through an account connected with their Google profile. The advantage that Google Pay has over other competitors is that millions of people use Google for other services. So it is easy for them to pay through Google Pay rather than any other payment platform.
Pricing: Google Pay doesn’t charge you for using its services.
7. Square
Square is the first online payment platform that introduces a credit card swiper that could be attached to a phone through an app and process transactions. Square offers an easy checkout solution. You can make your profile at the same time when you provide your payment information.
Pricing: 2.65% per card transaction
2.9% + $0.30 per online transaction
3.4% + $0.15 per manually entered transaction
8. Braintree
Braintree is an online payment platform that is acquired by PayPal in 2013. Since then, it is the part of PayPal. Braintree is famous for working with popular startups i.e. Airbnb, Stubhub, etc. Braintree customers can also enjoy other payment options, i.e. PayPal, Google Pay, Venmo, Debit and Credit cards, etc.
Pricing: 2.9% + $0.30 per transaction for qualified cards
9. 2Checkout
It is an online payment platform that allows companies to accept payments from buyers around the world. It accepts payment in many different currencies. The platform has many features like fraud protection, responsive design to check out, etc
Pricing: 2.9% + $0.30 per online transaction
10. WePay
WePay is an online payment platform that is specially designed for independent software vendors and software platforms. This platform allows small businesses to accept payments from their customers.
Pricing: 2.9% + $0.30 per online transaction
Final Words
For online payment, there are multiple options available. In this article, we have briefly discussed the top ten online payment platforms so you can choose according to your or your business needs. We hope our article will prove beneficial.
