Online payment solutions enable customers to securely and quickly pay for products or services over the Internet. Their core functionality is a secure payment gateway and faster payment processing.

Online payment providers are crucial for eCommerce businesses and physical stores that offer online payment options. With digital payments expected to hit US$11.55 trillion (according to Statista) in 2024, it comes as no surprise that there are countless options that offer seamless transactions between the buyer and seller.

Choosing the right online payment provider depends on various factors outlined below.

  • Payment transaction fees
  • eCommerce integration options 
  • Customer Support 
  • Analytics
  • Payment processing 
  • Security 

Geekflare team has researched the top online payment solutions for businesses of all sizes after coming across hundreds of payment solutions, which we have sorted into sub-categories such as ease of use, features, pricing, security, compliance, etc.

  • Wise – Best All-in-One Solution
  • PayPal – Best for Online Payments and E-commerce
  • Venmo – Best for Peer-to-Peer Mobile Payments
  • Square – Best for Comprehensive Payment Solutions
  • Stripe – Best for Developer-Friendly Payments
  • Clover – Best for Excellent POS Hardware
  • Braintree – Best for Secure E-commerce Payments
  • Authorize.Net – Best for SaaS Businesses Payments
  • Elavon – Best for Industry-Based Payments
  • Worldpay – Best for Global Payment Services
  • Adyen – Best for Cross-Border Payments
  • Cybersource – Best for Enterprise Payment Management
  • Checkout.com – Best for Multiple Currency Payments
  • PayJunction – Best For No Code Integration
  • Payline – Best for Virtual Terminal
  • Show moreShow less

You can trust Geekflare

At Geekflare, trust and transparency are paramount. Our team of experts, with over 185 years of combined experience in business and technology, tests and reviews software, ensuring our ratings and awards are unbiased and reliable. Learn how we test.

Wise

Wise

Best All-in-One Solution

Geekflare rating score 4.8 out of 5
4.8
|
  • Supported Currencies
    40+
  • Payment Link
    Yes
  • Customer Support
    Email, Phone
No Monthly Fee
Try Wise

About Wise

Wise is one of the best payments processing solutions for businesses of all sizes because of its free exchange rates and seamless money transfers. Founded in 2011, Wise serves more than 16 million customers for personal and business use.

With Wise Business, you can send payments to more than 160 countries and receive payments from more than 40 countries, including Australia, Singapore, the United Kingdom, the United States, and the United Arab Emirates.

Wise recently released an invoicing feature that helps small businesses send multi-currency invoices and receive payments faster.

Wise Benefits

  • Key feature

    Offers a transparent pricing structure, which breaks down taxes and exchange rates.

  • Key feature

    To enable a secured transfer of funds, Wise leverages various security technologies, including two-factor authentication, anti-fraud protection, vulnerability scans, and real-time funds tracking.

  • Key feature

    All the transactions are GDPR-compliant, which means it keeps your data safe and secured.

  • Key feature

    Integrates seamlessly with various accounting tools like Xero, Quickbooks, FreeAgent, QuickFile etc.

Wise Pros and Cons

  • Advantage

    Low & transparent currency exchange rates.

  • Advantage

    Multi-user access to team members.

  • Advantage

    Business API to automate workflows, reconcile bank accounts, track transactions, and make payouts.

  • Advantage

    Payout time is as low as 20 seconds.

  • Disadvantage

    No interest in balances.

  • Disadvantage

    Not supported in UAE

Wise Payment Processing Fees

Payment TypeFee
Fixed$0.50 to $1
Variable0.45%
Stripe

Stripe

Best for Developer-Friendly Payments

Geekflare rating score 4.5 out of 5
4.5
|
  • Supported Currencies
    135+
  • Payment Link
    Yes
  • Customer Support
    Email, Chat
No Monthly Fee
Start Using Stripe

About Stripe

Stripe is a reliable payment solution that offers an incredible set of features such as pre-built payment forms, payment link generation, online invoicing, and accounting for startups, small businesses, and even Fortune 500 companies. Operating since 2009, Stripe currently serves over 3 million businesses as a payment processor.

For the in-store payments, they have a payment terminal that integrates with a POS hardware and card reader.

Stripe Benefits

  • Key feature

    Stripe’stransparent payment and customizable features make it a top pick for the online payment provider.

  • Key feature

    Businesses can create customizable payment UIs with colors that match your brand.

  • Key feature

    Non-developers can also use APIs to link Stripe to their apps or websites.

  • Key feature

    All the payments are AES-256 encrypted and offer PCI DSS compliance as an additional encryption. You can use the Stripe Radar for additional ML-based fraud prevention.

Stripe Pros and Cons

  • Advantage

    Accepts over 135 currencies, including GBP, AUD, USD, and more.

  • Advantage

    One-click checkout and payment forms

  • Advantage

    Supports a wide range of payment options, including credit/debit cards, Apple Pay, Bitcoins ACH, Digital wallet, and Google Pay

  • Advantage

    Developers can link Stripe with their web apps or mobile apps for payment processing.

  • Disadvantage

    Complicated setup and may require the developer’s assistance

  • Disadvantage

    Many complaints about account termination without detailed reasons

Stripe Payment Processing Fees

Payment TypeFee
In-person2.7% + 5¢
Online2.9% + 30¢
PayPal

PayPal

Best for Online Payments and E-commerce

Geekflare rating score 4.2 out of 5
4.2
|
  • Supported Currencies
    25
  • Payment Link
    Yes
  • Customer Support
    Phone, Email, Community Forum, Live Chat

About PayPal

PayPal is a veteran e-commerce payment solution that enables the seamless transfer of funds between customers and businesses.

Founded in 1998, this US-based company has 435 million users worldwide and operates in 200+ markets offering 25 currencies. The company offers bank-level technology, ensuring secured online and in-person payments.

Customers can connect their bank accounts and credit or debit cards to make online purchases and securely send or receive money.

PayPal Benefits

  • Key feature

    PayPal provides payment options for both online businesses and physical stores through digital wallets, credit/debit cards, bank transfer accounts, and QR codes.

  • Key feature

    Offers easy-to-read reports that help businesses track their sales and profits over a specific time period.

  • Key feature

    User-friendly mobile interface that allows customers to make purchases through smartphones and tablets.

  • Key feature

    Businesses can set up recurring payments and send invoices over email.

  • Key feature

    It takes 3-5 business days to transfer funds from your wallet to your bank account.

PayPal Pros and Cons

  • Advantage

    PayPal offers additional security and fraud prevention where customers can file for money-back.

  • Advantage

    Integrates with eCommerce platforms like Shopify and WooCommerce.

  • Advantage

    Easy to set up and use

  • Advantage

    Fraud protection and secured transactions

  • Disadvantage

    PayPal charges a $20 fee for chargebacks from the buyers.

  • Disadvantage

    International transactions and currency conversions are costly.

PayPal Payment Processing Fees

Payment TypeFee
In-person2.29% + 9¢
Online2.89% + 49¢
Venmo

Venmo

Best for Peer-to-Peer Mobile Payments

Geekflare rating score 4.8 out of 5
4.8
|
  • Supported Currencies
    1
  • Payment Link
    No
  • Customer Support
    Live Chat, Phone
No Monthly Fee
Use Venmo

About Venmo

Venmo is a peer-to-peer mobile payment provider founded in 2009. This online payment provider is owned by PayPal and adopts the same technology as PayPal for quick money transfers.

Users can send money from their credit/debit cards, bank accounts, or Venmo balances. However, the money received is credited to the Venmo balance.

As a subsidiary of PayPal, Venmo boasts a vast user base of 78 million. It facilitates in-store payments via QR codes.

Venmo Benefits

  • Key feature

    Venmo is a suitable payment app for small merchants and businesses that accept only payments within the US.

  • Key feature

    Users can create both personal and business profiles and use them to accept payments, engage with their friends and customers, and let them add images to the gallery.

  • Key feature

    Offers top-notch security features like fraud protection, dispute settlement, and credit/debit or bank account encryption.

  • Key feature

    It usually takes 1–3 days to transfer the funds from the Venmo balance to the bank account.

Venmo Pros and Cons

  • Advantage

    Offers integration with your mobile app to enable quick payments

  • Advantage

    Adds social elements such as likes, comments, and shares to send and receive payments.

  • Advantage

    Users can buy popular cryptocurrencies like Ethereum, Dogecoin, Bitcoin and more.

  • Advantage

    Security features like 2FA, PIN codes, and payment encryption are included.

  • Disadvantage

    Payments and crypto purchases are public.

  • Disadvantage

    Only available for businesses in the US.

Venmo Payment Processing Fees

Payment TypeFee
In-person1.9% + 10¢
Online2.29% + 10¢
Square

Square

Best for Comprehensive Payment Solutions

Geekflare rating score 4.5 out of 5
4.5
|
  • Supported Currencies
    Major
  • Payment Link
    Yes
  • Customer Support
    Community Forum, Email, Live Chat

About Square

Square is an online payment solution that provides businesses with a full suite of business management tools along with online and in-person payment features. You can also use it to set up your online store to start accepting card payments. It also accepts payments through digital wallets and contactless cards (tap-n-pay).

Founded in 2009, Square currently serves over 4 million small and mid-sized businesses across 8 countries. Along with the online and in-payment options, Square also offers features for payroll, invoicing, banking, inventory, restaurant management, retail inventory, and other software solutions.

Square Benefits

  • Key feature

    Security features like 2FA, user access management, and payment encryption make it suitable for businesses of all sizes.

  • Key feature

    Supports all versions of Android and Apple devices for mobile payments and macOS for the desktop interface.

  • Key feature

    You can either pay the full price for the hardware or pay a monthly fee.

  • Key feature

    All transactions are PCI-DSS compliant, so the transactions are secured and encrypted.

Square Pros and Cons

  • Advantage

    A wide range of hardware, like POS machines, virtual terminals, and card readers, is available at a monthly subscription.

  • Advantage

    It offers a wide range of integrations with platforms like QuickBooks, Wix, Jotform, Weebly, WooCommerce, and more.

  • Advantage

    Built-in software and tools for managing business operations and finance.

  • Advantage

    Machine-learning anti-fraud support.

  • Disadvantage

    No phone support.

  • Disadvantage

    Doesn’t run on Windows devices.

Square Payment Processing Fees

Payment TypeFee
In-person2.6% + 10¢
Online2.9% + 30¢
Manually Entered3.5% + 15¢
Card on File3.5% + 15¢
ACH Transaction1%, minimum $1
Clover

Clover

Best for Excellent POS Hardware

Geekflare rating score 4.0 out of 5
4.0
|
  • Supported Currencies
    Major
  • Payment Link
    Yes
  • Customer Support
    24/7 Phone Support, Email
$14.95/month
Use Clover

About Clover

Clover is best known as the POS and card reader provider that is popular among small businesses. Most ideal for brick-and-mortar businesses that sell online, this eCommerce payment provider integrates with your existing website or lets you set up and host your online store.

Founded in 2010, Clover operates in over 118 countries, including the UK, USA, Australia, and Germany, and currently serves over six million small merchants. Clover supports online, in-person payments and recurring billing.

It offers flexible features to different business cases: retail, e-commerce, table service restaurants, counter service restaurants, and service-based businesses.

Clover Benefits

  • Key feature

    Supports various payment options, including credit and debit cards, mobile payments and even gift cards.

  • Key feature

    Unified dashboard that provides a central point for managing orders and invoices and tracking inventory and payments.

  • Key feature

    All the digital payments are PCI-compliant and offer additional fraud protection management.

  • Key feature

    Offers tools for managing and promoting your online businesses through various customer retention and engagement features.

Clover Pros and Cons

  • Advantage

    Excellent hardware options such as mobile POS, desktop POS, and virtual terminals.

  • Advantage

    Integrates with 100+ third-party tools like Gusto, QuickBooks, WooCommerce, Mailchimp, etc.

  • Advantage

    24/7 phone-based support

  • Advantage

    Robust fraud protection up to $100,000

  • Disadvantage

    Relatively expensive with hardware and software requirements

  • Disadvantage

    Complex for beginners.

Clover Payment Processing Fees

Payment TypeFee
In-person2.3%-2.6% + 10¢
Online3.5% + 10¢
Braintree

Braintree

Best for Secure E-commerce Payments

Geekflare rating score 4.0 out of 5
4.0
|
  • Supported Currencies
    130+
  • Payment Link
    No
  • Customer Support
    Email, Phone

About Braintree

Founded in 2007, Braintree is a global payment provider, especially for eCommerce businesses and retailers. Currently, Braintree serves around 230,000 customers in over 45 countries, including the US, UK, Germany, Australia, and more.

Businesses using Braintree can accept payments through credit and debit cards, as well as through PayPal, Venmo, Apple Pay, and Google Pay. Braintree solely focuses on online payment methods and puts its best set of features into use.

Braintree Benefits

  • Key feature

    Powerful security and compliance powered by intelligent assessment algorithms.

  • Key feature

    Supports over 130 currencies, which helps optimize bank rates, offering better conversions.

  • Key feature

    There is flat-rate pricing and a small interchange fee.

  • Key feature

    Compatible with every operating system and supports a multitude of devices.

Braintree Pros and Cons

  • Advantage

    Offers a Level 1 PCI DSS-compliant security to protect customer data

  • Advantage

    Third-party integration options with tools like 3dcart, WooCommerce, BigCommerce, and others.

  • Advantage

    API-enabled reporting and analytics features like advanced transaction search, batch summary, and dispute management

  • Advantage

    Fraud protection through 3D Secure 2 and tools like AVS and CVV.

  • Disadvantage

    High chargeback fees for international transactions.

Braintree Payment Processing Fees

Payment TypeFee
Mobile wallets and Card2.59% + 49¢
Venmo (US only)3.49% + 49¢
ACH Payments0.75% fee up to $5 per transaction
Authorize.Net

Authorize.Net

Best for SaaS Businesses Payments

Geekflare rating score 4.2 out of 5
4.2
|
  • Supported Currencies
    Major
  • Payment Link
    No
  • Customer Support
    24/7 Phone Support, Email, Live Chat

About Authorize.Net

Authorize.net is a Visa-owned payment provider that was founded in early 1996 and currently handles over 430,000 merchants worldwide. Best for SaaS-based small businesses, this online payment solution enables businesses to accept payments through debit and credit cards, Apple Pay, PayPal, and even e-checks.

For in-person payments, Authorize.net offers small businesses a virtual mobile terminal, mobile card reader, and billing tools.

Authorize.Net Benefits

  • Key feature

    Vast options for accepting in-person, online or recurring payments.

  • Key feature

    It lets you set up an instant “buy now” button on your landing page for one-time payments with a seamless checkout experience.

  • Key feature

    Offers native mobile app integration through SDKs and APIs. Businesses can also store customer information and improve their experience for recurring ones.

  • Key feature

    Offers a Level-1 PCI DSS-compliant payment to secure customer information.

Authorize.Net Pros and Cons

  • Advantage

    24/7 customer support through online chat and ticket system.

  • Advantage

    Advanced fraud detection technologies with 13 configurable systems.

  • Advantage

    Easy payment tracking across multiple payment methods.

  • Advantage

    Enables the recurring payment options for sellers.

  • Disadvantage

    High chargeback fee up to $25.

  • Disadvantage

    Outdated UI.

Authorize.Net Payment Processing Fees

Payment TypeFee
All-in-one2.9% + 30¢
eCheck0.75% per transaction
Payment Gateway10¢ + daily batch fee 10¢
Elavon

Elavon

Best for Industry-Based Payments

Geekflare rating score 4.0 out of 5
4.0
|
  • Supported Curriences
    131+
  • Payment Link
    No
  • Customer Support
    24/7 Phone Support, Email
No Monthly Fee
Use Elavon

About Elavon

Founded in 1991, Elavon is the most extensive online payment provider that offers solutions for various industries such as restaurants, travel, healthcare, retail, automobile, and more. It offers a wide range of solutions for in-person and online payments, including POS hardware, contactless payment methods, and virtual terminals.

Elavon serves more than 2 million users in around 36 countries and supports over 131 currencies.

Elavon Benefits

  • Key feature

    Caters to the needs of businesses of different sizes and tailors to suit the needs of various industry types.

  • Key feature

    Robust reporting tool that offers actionable data insight and ways to act on them. You can sort the KPIs and use location-specific filters to create detailed reporting.

  • Key feature

    Offers a range of payment gateways such as Fusebox, CenPOS, and Coverage payment, which may be suitable for different industries.

  • Key feature

    The checkout feature lets you add a “buy button” to your website and initiate one-click checkout.

  • Key feature

    Businesses can customize and optimize their payment solutions with add-ons like ACH, gift cards, and online portals.

Elavon Pros and Cons

  • Advantage

    24/7 phone support

  • Advantage

    Personalized eCommerce reporting and analytics

  • Advantage

    Integrates with top eCommerce platforms like WooCommerce, BigCommerce, Ultra Cart, and CubeCart.

  • Advantage

    All transactions are encrypted and tokenized through Safe-T technology.

  • Disadvantage

    Hardware may cost extra

  • Disadvantage

    Unclear pricing and fees

Elavon Payment Processing Fees

Payment TypeFee
Card-swipe2.6% + 10¢
Keyed-in3.5% + 15¢
Online1% + 25¢
Worldpay

Worldpay

Best for Global Payment Services

Geekflare rating score 4.2 out of 5
4.2
|
  • Supported Currencies
    126+
  • Payment Link
    Yes
  • Customer Support
    24/7 Phone Support, Email

About Worldpay

Worldpay is an omnichannel payment provider that provides in-person and online payment services in a range of industries. Previously owned by FIS Global, Worldpay has been in the industry since 1997 and specializes in payment solutions such as stand-alone terminals, mobile terminals, smart terminals, point-of-sale systems, e-commerce platforms, and payment gateways.

Worldpay Benefits

  • Key feature

    Worldpay is the best pick for SMEs that have a large volume of transactions and need quick payment processing.

  • Key feature

    Offers a range of payment options including virtual and mobile card readers, POS hardware, and three different payment gateways.

  • Key feature

    The software also gives access to a dashboard that provides insights into data like card sales, invoices, and settlements. However, this comes at an additional cost.

  • Key feature

    Security features include 3D Secure and PCI compliance via SaferPayments, which are valued.

Worldpay Pros and Cons

  • Advantage

    Accepts a wide range of payment methods and supports over 126 currencies.

  • Advantage

    Integrates with over 100 POS solutions, PayPal, Oracle, Authorize.net, BigCommerce, and more.

  • Advantage

    Round-the-clock phone support.

  • Advantage

    Offers a wide range of add-ons like gift cards, loyalty programs, and virtual terminal

  • Disadvantage

    Lack of transparency in fees

  • Disadvantage

    Customer support needs improvement

Adyen

Adyen

Best for Cross-Border Payments

Geekflare rating score 4.0 out of 5
4.0
|
  • Supported Currencies
    187+
  • Payment Link
    Yes
  • Customer Support
    Phone, Email

About Adyen

Adyen is an international payment processing solution that serves a wide range of businesses and industries, including digital businesses, retail, mobility, hospitality, and food & beverages.

Founded in 2006, Adyen has processed transactions worth $825 million, offering a wide range of digital payment options such as credit cards and debit cards, Apple Pay, Alipay, PayPal, and more.

Adyen Benefits

  • Key feature

    Offers a unified dashboard that gives insights into various cross-channel payments by connecting your online and offline systems.

  • Key feature

    You can embed the payment gateways into their marketplace and web app.

  • Key feature

    Gives more control over customization by enabling you to build custom payment interfaces and add or remove the elements from the checkout page.

  • Key feature

    Offers four different payment integration capabilities: drop-in, components, API, and plugins.

Adyen Pros and Cons

  • Advantage

    AI and Ml-based risk assessment and fraud prevention technologies.

  • Advantage

    Supports various payment processors, including Affirm, Alipay, Amazon Pay, Apple Pay, Cash App Pay, Diners Club, Google Pay, JCB, etc.

  • Advantage

    All the transactions are secured through Level 1 PCI DSS, which ensures the confidentiality and integrity of the customer information.

  • Advantage

    Real-time insights with access to cash flow, chargebacks, profitability, etc.

  • Disadvantage

    Limited integration options.

  • Disadvantage

    Sluggish support.

Adyen Payment Processing Fees

Payment TypeFee
Swipe/Tap/Dip2.6% + 10¢
Keyed-in3.5% + 15¢
Online2.9% + 30¢
Cybersource

Cybersource

Best for Enterprise Payment Management

Geekflare rating score 4.5 out of 5
4.5
|
  • Supported Currencies
    40+
  • Payment Link
    No
  • Customer Support
    Phone, Email, Online Resources
Quote-based
Use Cybersource

About Cybersource

Cybersource is a pioneer in online payment and fraud management services for medium and large-sized merchants. Operating since 1994, Cybersource operates in more than 190 countries, serving 480,000 businesses worldwide.

Cybersource is ideal for eCommerce businesses and lets you accept various payment forms, including credit and debit cards, bank transfers, digital wallets, and installment payments.

Cybersource Benefits

  • Key feature

    Supports local payment methods and offers a range of regional cards, including Maestro, Hipercard, Carte Bancaire, CartaSi, and Aura.

  • Key feature

    Offers a range of checkout templates in more than 40 languages, including German, Spanish, Hebrew, etc.

  • Key feature

    API integration for various payment gateways and lets you link your wallets to apps.

  • Key feature

    Most payouts are available in just 30 minutes.

Cybersource Pros and Cons

  • Advantage

    Accepts 40+ currencies from over 190 nations

  • Advantage

    Security features like fraud protection and risk management powered by Level 1 tokenization and encryption.

  • Advantage

    Integrates with various platforms like WooCommerce, Shopify, and Magento, as well as business systems like CRM, ERP, and others.

  • Advantage

    Instant checkout capabilities without storing customer information.

  • Disadvantage

    No transparent pricing and fees.

  • Disadvantage

    Large-volume transactions incur high fees.

Checkout.com

Checkout.com

Best for Multiple Currency Payments

Geekflare rating score 4.0 out of 5
4.0
|
  • Supported Currencies
    150+
  • Payment Link
    Yes
  • Customer Support
    Phone, Email
No Monthly Fees
Use Checkout.com

About Checkout.com

Checkout.com is an end-to-end cloud-based payment provider that operates in more than 150 countries, including Singapore, the USA, the UK, and others. This online payment provider supports a wide range of domestic and international regulations, making it compatible with various regions.

It accepts payments in various modes, such as mobile apps, social media channels, email, and QR codes.

Checkout.com Benefits

  • Key feature

    Impressive customizable payment interface that lets you build payment pages.

  • Key feature

    Users can customize and embed payment collection through links or send customers to its hosted pages.

  • Key feature

    Offers regulated payments in different locations and automates the conciliation. The quicker processing of both card transactions and bank transfers is also appreciated.

  • Key feature

    Supports various local and international currencies that enable local businesses to accept payments efficiently.

Checkout.com Pros and Cons

  • Advantage

    Security features like 3D Secure authorization, dispute management support, tokenization, and risk management are included.

  • Advantage

    Supports various local and international payment methods, including Apple Pay, Google Pay, AliPay, Touch n Go, etc.

  • Advantage

    Third-party integration with eCommerce platforms such as BigCommerce, Chargebee, Magento, and WooCommerce.

  • Advantage

    Ability to add or remove elements from your customizable payment interface.

  • Disadvantage

    Limited reporting tools

  • Disadvantage

    Not suitable for physical stores with POS requirements.

Checkout.com Payment Processing Fees

Payment TypeFee
Flat fee with currency conversion1.99%
PayJunction

PayJunction

Best For No Code Integration

Geekflare rating score 4.8 out of 5
4.8
|
  • Supported Currencies
    1
  • Payment Link
    Yes
  • Customer Support
    Phone, Email

About PayJunction

PayJunction is a no-code payment processing platform that was started back in 2000 and makes it easier for non-developers to integrate payment interfaces into SaaS applications. It offers multi-channel payment processing and a payment gateway feature for small and medium-sized businesses.

Businesses can accept payments through credit/debit cards, ACH transfers, and eChecks.

PayJunction Benefits

  • Key feature

    Offers a smart set of tools like smart terminals, recurring billing, and remote signature tools.

  • Key feature

    Checkout page customization that customizes checkout pages with colors and optimizes them for desktops, smartphones, and tablets.

  • Key feature

    Digital receipt option that reduces the chargeback and improves reputation.

  • Key feature

    For in-person transactions, it offers a virtual terminal or a contactless card reader that enables physical store payments.

PayJunction Pros and Cons

  • Advantage

    Integrates with 80+ shopping carts, including Shift4Shop, Magento, WooCommerce, and more.

  • Advantage

    Native analytics tools that cover sales trends and comparisons over time and card type.

  • Advantage

    Set up and accept recurring payments weekly, monthly, or a scheduled time period.

  • Advantage

    Fraud identification and detection are done through the address verification system (AVS) and card verification value (CVV).

  • Disadvantage

    Monthly fee for lower volume orders.

  • Disadvantage

    Lacks live chat support.

PayJunction Payment Processing Fees

Payment TypeFee
Card1.49% + 15¢
ACH0.75%
Payline

Payline

Best for Virtual Terminal

Geekflare rating score 4.5 out of 5
4.5
|
  • Supported Currencies
    Major
  • Payment Link
    No
  • Customer Support
    24/7 Phone, Email, Live Chat
$10/month
30-Days FREE Trial
Try Payline

About Payline

Payline is a holistic payment processing solution that caters to the needs of online businesses and physical establishments. Founded in 2009, Payline offers solutions for startups and Fortune 500 companies, and it serves more than 160 countries.

It offers payment gateway and web solutions for the eCommerce business to provide a streamlined customer experience.

Payline Benefits

  • Key feature

    Robust dashboard that offers a centralized location that allows businesses to view reports, key in transactions, customer profiles, and create invoices.

  • Key feature

    Allows you to integrate with your website in a variety of ways through API and third-party integration with payment gateways like Authorize.net, NMI, CardPointe, etc.

  • Key feature

    Businesses can accept payments instantly and receive funds within 24 hours.

Payline Pros and Cons

  • Advantage

    Includes various security technologies and frameworks like AVV, CVV, rule-based fraud verification and Level-3 data protection.

  • Advantage

    Integrates with third-party eCommerce platforms like Shopify, WooCommerce, Magento, and API integrations.

  • Advantage

    Virtual terminal functionality provides seamless options for online and offline payments.

  • Advantage

    Fraud and chargeback prevention.

  • Disadvantage

    Monthly fees cost extra.

  • Disadvantage

    Virtual terminals have an additional charge.

Payline Payment Processing Fees

Payment TypeFee
In-person0.4% + 10¢
Online0.75% + 20¢

What is the Importance of Online Payment?

Online payments offer numerous advantages and hold significant importance for both eCommerce platforms and physical stores.

Here are the major importance of online payment solutions. 

  • Convenience: It provides the convenience of paying from anywhere without visiting banks or standing in queues. It also saves time for the sellers, so they don’t have to waste time printing the bills. 
  • Global reach: By accepting online payments, businesses extend their reach beyond the local regions. Online payment providers operate across various countries and multiple currencies, enabling businesses to accept payments internationally. 
  • Variety of payment options: Shoppers can pay through various types of ecommerce payment systems, including credit/debit cards, digital wallets, ACH same-day transfer, and even cryptocurrencies. By offering various payment options, businesses can boost sales and customer retention. 
  • Low transaction costs: Considering the convenience, online payment solutions have low transaction costs as compared to traditional setups. Merchants can seamlessly set up payment gateways with minimum transactions. 
  • Credibility: With two-thirds of adults adopting digital payments worldwide, online payment solutions boost credibility and establish an opportunity to establish authority and brand reputation. 

How do Businesses use Online Payment?

Businesses use online payment systems to accept payments from customers locally or internationally. There are 4 core ways that business makes use of online payment systems.

  • Online Payment Service Providers: These are the most common providers that offer card payments and bank account transfers, fund remittances, and currency exchanges. Examples include PayPal and Stripe. 
  • ACH transfer: It enables the movement of funds from one account to another within the United States. ACH offers low transaction fees and offers direct deposit without any intermediary. Examples include Gusto and Stax. 
  • Mobile payments: Mobile payments enable transactions through smartphone devices. Services like Apple Pay, Google Pay, and Samsung Pay make transactions convenient without the need to add card information and enable direct account transfer. 
  • Digital wallets: Around 54% of small and medium-sized businesses (SMBs) will accept digital wallets in 2024 because of their zero transaction fees, no cost of holding balance, and quick money transfer.      

How does Online Payment Services work?

Online payment services work through a series of secure steps that involve multiple parties, including the customer, the merchant, the payment gateway, the merchant bank, and card networks. 

Here’s the sequence of steps that the online payment processing follows.

  • The customer selects the products or services and proceeds to the checkout page to complete the transaction. 
  • Next, the customer enters the payment details, including the card information or details required by other payment methods. 
  • The submitted information is transmitted securely to the payment gateway through encryption and tokenization. 
  • The payment gateway decrypts the information and sends the payment details and customer information to the merchant’s bank. 
  • The bank sends an authorization request to the card network (e.g., Visa, Mastercard, American Express) or payment processing company.
  • The payment processor validates the payment after checking for sufficient funds and verifying payment information and sends it back to the merchant bank. 
  • The merchant bank relays this detail back to the payment gateway, which informs the merchant. 
  • After the fund transfer, the merchant initiates the order fulfillment and generates a receipt for the customers. 

What are the Types of Payment Gateways?

There are 4 types of payment gateways that differ in payment infrastructure, security, and functionalities.

  • Hosted Payment Gateway: A hosted payment gateway is a third-party payment provider that saves the business from integrating and getting involved in technicalities. When a customer clicks on the “buy now” button, they’ll be redirected from the checkout page to a third-party PSP (payment service provider) where the customer can make secured transactions. Examples include PayPal.  
  • API-hosted payment gateway: In this gateway type, customers can proceed to payment without navigating to the third-party payment gateway page. API gateway offers a fully customizable functionality and can be integrated with various mobile devices. For API payment gateway, you’ll need to pay extra for security features like SSL and 2FA. Examples include RazorPay. 
  • Self-hosted Payment Gateway: Self-hosted gateways, like API, do not redirect customers to third-party pages. However, it offers more customization in terms of branding features and user experience. The transaction process is faster than that of a hosted payment gateway, and the merchant is in full control. Some self-hosted gateways require you to be a bit technical. Examples include Stripe and Shopify. 
  • Local bank integration gateway: Much like a bank transfer, this payment gateway redirects you from the merchant site to your bank provider’s payment gateway, where you can enter the necessary details and initiate the payment. This is the least used gateway since it requires linking to different baking gateways. 

What are the Best Credit Card Processing Companies?

Stripe, Stax, PayPal, and Square are the best credit card processing companies. Stripe is best for transparent pricing, developer-friendly. Stax is best for businesses with high processing volume and integration with QuickBooks, Zapier, etc. PayPal is best for easy to use and accepts alternate payment methods. Square is best for point-of-sale (POS) payments.

What are the other Best Enterprise Software?

Below are some of the other best enterprise software that helps enterprises manage tasks efficiently, automate mundane tasks, eliminate human errors, and increase efficiency.

Salesforce is an e-commerce solution that allows you to create a personalized and seamless omnichannel experience. It provides AI personalization and integration capability with technologies like ERP, OMS, CRM, and marketing automation.

HubSpot Sales Hub is a leading sales software to manage sales pipelines, automate emails and tasks, track emails and calls, accept payments, and manage quotes.

Monday.com is a popular project management software to manage workflows, tasks, and resources to increase productivity and collaboration.

What are the Best Payment Processors?

Stripe, Authorize.net, and Square stand out as the best payment processors. Stripe is best for integration and is developer-friendly. Authorize.net is best to accept a wide range of payments, including credit cards, contactless payments, and eChecks. Square is best for managing POS hardware and software payments.