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8 Best Online Payment Solutions - Comparison Guide

If you are looking for the best online payment solutions to collect payments, you have come to the right place!

In this article, you'll learn how to choose online payment software for your business.

Whether you are developing an e-commerce site, SaaS software, a micro-business or others, collecting online payments has become essential today to properly develop your business.

However, there are many solutions on the market in many areas and you can quickly get lost not knowing which payment solution to choose.

Best Online Payment Solutions
Best Online Payment Solutions

What is an online payment solution?

An online payment solution is a technology that allows businesses to accept debit or credit card payments from customers.

Traditionally, payment gateways have been associated more closely with e-commerce stores.

But as the lines between online and physical stores have blurred in recent years, online payment solutions have been adopted more and more frequently by physical stores.

Whether you are developing an E-commerce site or SaaS software, choosing the right payment platform is key to the success of your business.

But before you start, do you really know how to choose a payment solution?

Top 8 best online payment solutions

  • PayPal

Established in 1999, PayPal was acquired by eBay in 2002 and has grown to become one of the most versatile and recognized online payment processors.

Paypal offers customers the option of paying either with PayPal or any other type of payment, all at competitive rates.

Due to its trusted name and widespread use, PayPal claims that offering its service as a payment option to customers can increase conversions by 44%.

Adding PayPal as a payment option is also super easy. All users need to do is create an account and add a “Pay by PayPal” button to their website.

If you want to use PayPal's advanced payment and settlement features, you will need to subscribe to PayPal Payments Pro.

This plan allows users to accept payments by American Express, Visa, Mastercard and integrates with major e-commerce platforms such as Shopify, Squarespace, BigCommerce, and WooCommerce.

  • Stripe (shot )

Stripe is an online payment solution that makes it possible to accept and manage online transactions anywhere in the world.

Stripe provides complete solutions for processing online payments and also offers features like management of invoicing, subscriptions, single and simple link payments, SEPA direct debit payments and many more.

Stripe is a robust online payment solution and a major player in the global market.

The power of Stripe, in addition to offering a large number of payment methods, helps a valuable tool to prevent fraud.

Stripe also provides an open API that makes it easy to integrate with your business ecosystem whether you run an e-commerce store or not.

  • Gocardless

GoCardless is an online payment solution specializing in recurring payments.

Intended for subscription platforms but also allows one-off payments to be taken, Gocardless is a very solid solution to reduce friction when paying your customers. Indeed, Gocardless unlike other providers (except Stripe) works via SEPA bank direct debit and not by bank card.

The advantage?

No more fake bank cards and lack of funds on them, with Gocardless once your customers are subscribed, debits are automatic.

Of course, Gocardless is a very secure payment platform and can be easily integrated into your flows via API in particular.

  • Amazon Pay

Amazon Pay is a payment solution designed for Amazon merchants and buyers.

It is an easy, fast and secure payment solution.

Amazon payments come in two different forms: login and payment for buyers and payment with Amazon for merchants.

This payment solution is designed to provide a smooth shopping experience for retailers and online sellers.

Amazon pay is loaded with a host of features and tools that attract customers and encourage them to make more purchases, streamline their buying process, and improve customer engagement and retention through the recording of payment details to speed up the checkout.

  • Monday

Monday is an all-in-one online payment gateway for merchants.

Monday makes it easy to collect online payments securely. This digital payment solution is developed for marketplaces, e-retailers, crowdfunding platforms and B2B business networking platforms.

Among the main features of MongoPay are:

  • Support for payment methods
  • E-wallet and urbanization
  • Fraud detection algorithm
  • White mark

In short, Monday is the perfect payment tool if you are creating a connection platform since it supports all the complex logic of an e-wallet.

  • Braintree

Braintree is a payment solution that is part of the PayPal network.

Braintree is designed to make the payment process easier. Braintree makes it possible to integrate numerous payment methods such as    Apple Pay, credit cards, Paypal and many others into its website simply and to streamline the user experience at the checkout level.

Note that Braintree supports both one-off and recurring payments.

Braintree is present in 40 countries around the world. It supports 130 currencies and enjoys the benefits of faster and more secure transactions.

  • 2Checkout

2Checkout (acquired by Verifone) is a widely used global payment solution that enables businesses to accept online payments from buyers around the world.

2Checkout has many localized payment features and options that help both merchants and customers streamline the payment process.

2Checkout is a US-based payment solution that supports dozens of payment methods and transactions around the world.

This solution makes it possible to accept mobile payments in particular and to simplify the checkout for your potential customers.

With 2Checkout, you will also be able to manage recurring payments.

Many integrations are available to simply integrate the solution into your e-commerce site, especially with Shopify, Magento, Prestashop, Woocommerce and many others.

  • Adyen

Adyen is a very complete payment solution that can meet all your needs.

Indeed, whether it is to collect online or in-store payments, Adyen can support you on these subjects thanks to their API or their payment terminal.

In addition to being easy to use and complete, Adyen is very secure.

The company of Dutch origin is today based in dozens of countries including France.

How do choose a payment solution?

As we said earlier, there are many solutions to collect online payments. That's why it's important to ensure that your solution meets some important criteria.

Accepted payment methods

In fact, the easier you make shopping for customers, the more likely they are. By equipping your site with a payment gateway that integrates a wide variety of payment methods, you are expanding your sales potential.

The cost

It may seem obvious, but not all online payment solutions have the same cost. Indeed, some work with a fee for each transaction, others with a monthly subscription and fees for each transaction, etc ...

Make sure that the price of your solution is attractive to you.

(Automatic) tax management

Taxes are a real headache for many, especially if you are selling internationally. Although today most online payment platforms intelligently manage taxes based on the country declared by your visitor, ensure that your solution can do this.

Compatibility with your site

Of course, it's important to consider how your solution will fit into your current website, both technically and visually.

For example, if the integration of the solution is not easy with your website, you may have to rethink your choice!

How to integrate a payment solution to your website?

We saw previously that the ease of integration of a payment solution is essential when it comes to choosing your solution.

Unfortunately, there is no general explanation for this integration question. Each solution integrates differently. However, if you are using a known CMS for your website some integrations can be very simple and fast.

To integrate a payment solution with WordPress for example, you can use the many dedicated plug-ins and with a few clicks, your Stripe account or other payment solution is connected and you are ready to receive payments.

However, if you use a website without CMS, the integration of a payment platform can be more complex: potentially via iframe or directly via API for example. In this case, just ask your developer to get their hands dirty.

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