15 Best Payment Processing Companies and Solutions

Stripe is the best overall payment processor company in the current market. Its ease of integration, flexible features, and global reach make it a force to reckon with against competitors. The platform ensures safe transactions, complies with PCI DSS security standards, and offers remarkable developer tools and customer support.

US-based Stripe, founded in 2010, boasts 200k+ customers & $14B in revenue in 2022.

It’s no wonder that startups and Fortune businesses like Amazon, Shopify, Airbnb, Zoom, Uber, etc. use Stripe for online payments, payouts, and financial management to offer a world-class user experience and ultimately boost revenue.

Built-in optimizations from Stripe help improve conversion for any industry business of all sizes, thanks to over 100 payment methods like credit cards, bank transfers, wallets, buy now, pay later, etc., to choose from.

It offers customizable UI components for a secure payment experience that increases conversions. Also, Stripe PCI DSS and advanced encryption techniques help businesses prevent fraudulent activities.

Stax is a comprehensive payment platform that offers secure and customizable solutions to help businesses scale effectively. Its flat subscription model, which is a fixed fee, works great for high-volume payments.

Stax Payments (Orlando, US) was founded in 2014. It has 22k+ customers and achieved 996% revenue growth in 3 years, reaching $61.7M in 2021.

Whether you are a small or large business owner looking to grow your revenue streams, trust Stax’s industry-leading tools, such as cloud-based terminals, professional invoicing, contactless payment methods, etc., to simplify the payment experience. With Stax, you can eliminate the burden of managing multiple vendors as its unified platform integrates various platforms for streamlined payment processing, automated billing, and surcharging compliance.

Stax takes pride in offering an all-in-one payment platform where merchants accept payments anytime, anywhere, through one convenient dashboard.

It is a SaaS platform for healthcare, field service management, e-commerce, education, nonprofits, and more. Stax has volume-based pricing and starts at $99 per month for up to $150,000/year processing.

With a strong footprint in the financial services industry, Square offers an extensive range of payment processing solutions. Through both hardware and software capability, Square’s innovation comes with features such as Square Analytics, where the system gives sales and customer reporting in real time.

Founded in 2009 (US), Square empowers 4M+ sellers & achieved $1.71B gross profit in Q1 2024, with 32% YoY growth

Square Payments helps businesses to accept payments from customers through point-of-sale (POS), in-person, online, remote, and buy now, pay later, and popular choice for retail, fitness, bar, saloon, and restaurant businesses. Square accepts contactless payments through cards or mobile. It’s easy and fast setup, hence straightforward for a business to get started on receiving payments.

Clover is the most comprehensive point-of-sale (POS) system designed to revolutionize the way small businesses accept payments. With a range of POS devices and accessories, including hardware, online ordering software, gift cards, and an innovative mobile app – Clover offers convenience like never before.

Clover (Sunnyvale, CA), founded in 2011, generated $600M in revenue in 2022.

Clover Flex POS is a portable handheld device for accepting payment on the go, which is very helpful to restaurant, retail, or service industry businesses. Clover offers real-time sales data and reports to help with decision-making. Besides payment processing, the Clover system can be used for managing business operations.

The multipurpose Virtual Terminal enables the processing of cards and contactless payments from anywhere—in-store or on the go, personally or over the phone. Clover’s pricing structure varies based on the industry, with transaction fees starting at 2.3% +10 cents.

Shopify Payments is an inbuilt payment solution for Shopify e-commerce stores. This is a great option for businesses selling through the Shopify platform, and you don’t have to worry about integrating with third-party payment platforms.

Ottawa-based Shopify (est. 2006) serves millions of e-commerce websites like Gymshark, Crate&Barrel, and Leesa, reaching $1.5B in revenue (Q1, 2023).

You can turn on payments for your Shopify store to start receiving payments instantly through cards. It tracks orders and payments in one place and prevents fraudulent transactions.

PayPal is best for easy-to-use payment solutions. You can receive payment on your website or store, and what’s the easiest way to receive money through email.

PayPal was founded in 1998, and more than 400 million people use PayPal for personal and business payments.

PayPal has revolutionized the way we make payments through email. The best part is that there are no fees to send payments from one PayPal to another PayPal. Receive or send money through email. It offers touch-free PayPal payments in person with customized QR codes.

In countries like the USA, UK, and UAE, you can use PayPal as a wallet to keep your money, whereas in India, the transfer of funds to your local bank account is automatically completed at the end of the business day.

With no monthly or startup fees, PayPal charges a transaction fee of only 2.89% + $0.49 per online credit/debit card payment.

WePay is among the most reliable and secure online payment service providers to large enterprises owned by JPMorgan Chase. It has a robust payment gateway and tailored API, which is a great deal with secure, fraud-resistant revenue growth through online transactions.

Whether working with referral partners or acting as a full-fledged payment facilitator, WePay has the tools and places to support you every step of the way.

It also engages streamlined processes, instant onboarding with same-day deposits, transparent pricing options, and flexibility in card acceptance. They have even included KYC processes for swift merchant onboarding so that businesses can initiate accepting payments promptly.

Its Partner center comes with advanced reporting and never-before-seen support services and customization. It is a perfect solution for large SaaS providers, ISVs, and crowdfunding platforms. Also, it integrates with J.P. Morgan’s banking system. WePay offers transparent pricing starting at 2.9% + 25¢ per transaction.

WePay is based in the United States, and 50% of U.S. online transactions are processed by them.

BlueSnap modernizes global payments with its comprehensive payment platform and expertise. Its modular technology allows businesses to maximize their return on investment by providing a one-stop solution for all payment needs globally.

BlueSnap was founded in Massachusetts, USA, in 2001, with an estimated annual revenue of $44.9 million.

With a single contract and account, businesses can gain a wide range of payment options and the ability to process transactions from multiple countries. BlueSnap simplifies your global payment processing in over 200 regions so you can focus on growing your business.

Its solid focus on ROI has garnered the loyalty of numerous clients such as Monday.com, Ford, Outbrain, TitanHQ, Namely, etc. Customize your payment processing with Bluesnap’s white-label solutions for a strong brand identity.

The ability to integrate with CRM like HubSpot, e-commerce like Magento, and accounting like Sage makes BlueSnap a preferred choice for global business.

BlueSnap has pay-as-you-go pricing that is best for fast-growing businesses. The processing fees differ for each country. The payment processing fees for the USA are 2.9% + $0.30 per successful card transaction.

Helcim provides an affordable and easy way for small businesses to accept card and ACH payments. Helcim smart terminal has an in-built POS, receipt printer, and staff login.

The company was founded back in 2006 as a reputable payment processor headquartered in Canada. Helcim’s customer base includes thousands of businesses in the US and Canada. According to some resources, Helcim’s annual revenue in 2023 was $38 million.

The Helcim pricing model adheres to the interchanges-plus model – pays only a fixed fee per transaction along with the standard interchange fees charged by major card networks and ensures transparent pricing.

Helcim is easier and more affordable for your businesses to accept Amex cards, and you only pay for the transactions you process at no additional cost. It also allows you to set recurring payments.

Helcim doesn’t charge any monthly fees, but its average rate for in-person transactions is 1.93% + $0.08, while for keyed and online transactions, it is 2.49% + $0.25 cents.

In today’s fast-moving world of business, keeping money moving into your account through paid on time is key. That is where HubSpot Payments comes in. This solution facilitates receiving payments from your clients and sharing the links to generate major credit, debit, or ACH payments with them through email or other modes without needing to have a website.

This saves time, and more importantly, it streamlines interaction because emailing can include secure payment options as well as web forms and meeting notes, all within the customer interaction. Added convenience, integration with Smart CRM brings easy switching instead of the constant need to switch from many tabs and tools during online transactions.

HubSpot was founded in 2006, and the company reported an annual revenue of $1.3 billion in 2021, with more than 110,000 paying customers in over 120 countries.

You only pay a 2.9% fee for credit card transactions and 0.5% for ACH payments.

PayPal Braintree is a multi-faceted payment processor backed by PayPal. Braintree is best for online marketplaces and global e-commerce shops to accept web and mobile payments. The platform allows businesses to effortlessly accept and process multiple forms of payments, including cards, PayPal, Venmo, Apple Pay, and more – all through one simple integration.

Globally noted companies like Airbnb, Dropbox, GitHub, and Uber rely on Braintree to process their payments.

The headquarters in Chicago, Braintree, was established in 2007. Many of its clientele (64.90%) are from the US, with the UK and Australia following at 17.28% and 5.44%, respectively. Braintree’s revenue is reported to be $316.4 million.

Braintree offers top-notch data security level 1 PCI compliance, data encryption, session management, and activity monitoring to protect customer data, and 3D security for fraud protection. Integrate with third-party platforms to ease analysis, billing, and e-commerce operations.

It combines multiple gateways for maximum efficiency and cost savings. Also, it integrates payments in mobile apps through SDKs.

Braintree has a straightforward pricing system. Enjoy no monthly or PCI compliance fees, with processing fees as low as 2.59% + $.49 per transaction for cards and digital wallets and 0.75% per transaction for ACH direct debit.

Adyen is best for businesses expanding globally to accept payments, optimize revenue, and manage finances.

Adyen, a Dutch payment company founded in 2006, powers payments for over 2,976 companies globally. The United States leads the charge with 36.21% of Adyen’s clients.

With the help of world-class security technology by Adyen, onboarding and user verification is easy. Every beneficiary should pass through strict security validation before any payout is processed. It has a fraud detection feature powered by machine learning.

Adyen has complete control over payment flow for improved rates and reduced fees. Business gets a real-time notification of the customer onboarding process.

Adyen has a straight-to-the-core and cheap solution that is fee-bundled and paid in each transaction without any setup or monthly fees. For example, in the US, the credit card payment fee is $0.13 + 2% (interchange).

Chase Payment Solutions, a division of JPMorgan Chase, is best for integrating with other bank products. Whether you need to accept payments in person for your restaurant, professional services accept credit card payments online on your e-commerce store or accept from mobile through a card terminal, and Chase covers everything. It provides better cash flow because of same-day fund deposit

Chase helps to transform your mobile device into a complete POS solution.

Formed in 2000, JPMorgan Chase has over 5 million clients, built upon the legacy of merged giants.

Credit card processing rates are transparent, with no hidden or monthly fees. Enjoy competitive pricing of 2.6% + 10 cents for dip, swipe, and tap transactions, including Tap to Pay on iPhone. For manual transactions and payment links, Chase charges 3.5% + 10 cents.

Skrill is best for international payment and is popular among freelancers, digital businesses, and startups. Skrill is often compared with PayPal, where both offer zero fees for transfers between two parties within the network.

For example – sending and receiving payment from one Skrill account to another is free.

Skrill’s headquarters is in London, and its parent company, Paysafe, generated $1.496 billion in revenue in 2022.

Receiving funds instantly while enjoying chargeback protection makes Skrill an indispensable tool for global business expansion. It provides swift cross-border payment in minutes.

You can create a free account, and you don’t have to pay fees for using Skrill wallet. Withdrawal funds to the bank account using the ACH method costs $5.50, and currency conversion fees are up to 3.99%.

GoCardless is best for ACH to pull payments that eliminate the card payment fees, which can help you save up to 56%.

Founded in 2011, London-based GoCardless serves 85,000+ businesses globally.

GoCardless makes sense for small to enterprise SaaS, service-based businesses where you need to collect recurring payments at low cost. It accesses customer’s bank account data across the UK and Europe to make better decisions. Also, it collects subscription payments automatically.

GoCardless has three pricing plans:

1. Standard – 0.5% + $0.05 per domestic transaction

2. Advanced – 0.75% + $0.05 per domestic transaction

3. Pro – 0.9% + $0.05 per domestic transaction