Stripe is yet another powerful payment platform designed for internet businesses, with the company claiming to handle billions of dollars worth of transactions annually. Designed for larger firms, it offers a plethora of APIs that allow you to create your own subscription services, on-demand marketplaces, or crowdfunding platforms.
Furthermore, Stripe supports more than a hundred currencies, and offers features such as mobile payments, subscription billing and one-click checkout. Users also get access to a dashboard where they can visualize transactions. Clearly, then, this is a feature-rich payment gateway, although Stripe does demand a lot more technological knowledge from the user than most providers. Stripe offers a particular advantage to merchants based in Europe, as card processing fees for European cards are 1.
For non-European cards processing fees are a more standard 2. Additionally, for larger volume needs, it has a customized plan with volume discounts. Stripe - easy access card payment processing If you're looking for a quick and easy way to start processing card payment then Stripe has a range of options. It features a complete payments platform with simple, pay-as-you-go pricing currently set at 2.
Check out Stripe's current best deals. Payline is a Pineapple Payments company headquartered in Chicago, Illinois. It provides solutions to businesses ranging from startups to Fortune companies, with a focus on the payment experience. Payline offers gateway payment processing, and its web solutions are designed to integrate with over online shopping carts. The company also offers mobile solutions designed to accept payments via mobile apps.
The Payline payment processing gateway also integrates with QuickBooks for ease of payroll management, and business financials in general. Pricing for bricks and mortar stores includes a monthly fee, plus a small percentage fee per transaction. For online stores, the monthly and transaction fees are a little higher. Payline - small business specialist gateway Payline has packages to suit both small business and enterprise options for bigger concerns.
Swiping In-Person 0. Credit cards not present plan costs 0. Try the free cost calculator. Adyen is used by companies such as Uber, Spotify, Microsoft and eBay to handle business and customer transactions. The software lets you accept every payment made to your company from a single platform, as well as giving you tools to manage risk and track results.
Processing fees vary by the method of payment, but the firm uses Interchange pricing, with an additional transaction fee. However, you will need a merchant bank account to take advantage of interchange pricing. Adyen - The global gateway The Adyen payments platform supports all key payment methods globally. The main aim of these solutions is to streamline the payments process, and Authorize.
Tag team with the e-commerce giant to provide your customers a trusted and familiar way to submit payments on your site. WePay is a platform payments company that prides itself on conforming to the unique needs of your site or e-biz — and is free to set up. Well, you should easily recognize PayPal , which has e-commerce veteran status and is one of the most widely accepted digital payment methods for North American retailers.
Designed for small-to-medium-sized businesses, the payment service at Authorize. Consider it the Tesla of payment gateways.
Meet the newest service provider and disruptor in payment gateway technology: money-mover tool Dwolla.
As a bank transfer solution, merchants within Dwolla can accept bank payments simply — with additional e-business-minded features like shopping cart plugins and website integration. It is already used by investment company Wunder and sneaker-selling app Goat. Tailored exclusively for e-commerce, Stripe provides extensive functionality regardless of what your business sells and has a resume loaded with high-level customers like Pinterest, Lyft, Slack, and OpenTable.
Worldpay is a comprehensive, UK-based but global service that offers omnichannel payment solutions for businesses of all sizes. Plus, you can pay as you go or choose a monthly payment option. Merchant e-Solutions is a unified platform that provides a no-fuss solution for online, mobile, or brick-and-mortar payment solutions. Simplify Commerce , a MasterCard entity, aims to make it easy for your business to receive payments.
Want to see the gateways side-by-side or analyze other potential drawbacks? Wish granted! Helcim delivers a feature-rich platform that does much more than process payments.
Merchants can create an online store and hosted payment pages. The platform can also automate invoicing processes and securely store customer credit card information to simplify recurring transactions. Merchants can leverage CRM tools to track customers and enhance their experience, and keep track of their inventory with the product and inventory manager.
The solution is also good for tech-savvy businesses that require customization and integration. Stax by Fattmerchant is a low-cost, scalable payment gateway. Fattmerchant offers optional packages and add-ons that provide businesses with everything from access to more payment channels and dashboard and reporting tools to web-hosted payments and recurring and scheduled payments support. Businesses with high sales volumes and growth-focused businesses are ideal candidates for Stax.
Merchants can start small, with low, predictable prices, and add more functionality as business takes off and needs change. National Pricing is a simple, affordable payment gateway solution for businesses that require in-person, mobile and web-based payment solutions.
Merchants can also have existing equipment reprogrammed, free of charge. SMBs in the restaurant and retail spaces. The solution can also benefit SMBs that want to establish an e-commerce presence. Merchant One is an affordable payment gateway with integration and customization capabilities. Monthly and interchange plus plans are available, and merchants can cancel any time without paying an early termination fee.
All merchants receive a free basic card reader when they sign up with Merchant One. Merchant One provides a full line of physical equipment—from mobile payment solutions to full-blown smart POS terminals—plus virtual terminals to handle digital payments. Developers can also take advantage of multiple APIs and SDKs to enhance mobile, online and in-person sales experiences. Merchant One is affordable for businesses of all sizes.
Its integration capabilities and developer tools make it an excellent choice for tech-savvy merchants. PayPal is a favorite among consumers. The platform has a massive user base—nearly million users—unmatched by other payment platforms.
PayPal offers a wide range of services to help businesses run smoothly. The added flexibility of BNPL payment options helps merchants increase their sales and prevents customers from being priced out.
PayPal can also connect businesses with the funding they need to grow their business. A percentage of each sale can be allocated to servicing the debt. Data analytics tools are available to help merchants make data-driven decisions. PayPal has something for everyone, from SMBs to enterprises. Clover is a full-featured payment gateway provider, enabling merchants to take payments in-person and online. Clover offers a wide range of payment hardware, from small, handheld devices to full-blown countertop smart POS devices.
Many of the apps on the marketplace are free. Merchants can download apps to integrate their POS to the systems that drive their business, reach customers, manage employees and much more. QuickBooks Payments, developed by Intuit, is a simple payment gateway service that offers instant invoicing, scheduled payments and payment processing for in-person and online payments.
The solution comes with free templates and an invoice generator, so merchants can create professional-looking invoices in a flash. Smart invoicing functionality is also supported, enabling customers to make digital payments directly from the invoice online. The solution comes with a feature to simplify bookkeeping tasks. When customers pay through QuickBooks Payments, it is automatically matched to a transaction. The reason there are so many payment gateway providers is that each of them is adept for specific situations.
Brick-and-mortar retailers and pizza shops have different requirements than a law firm or a dental implant manufacturer. So when it comes down to picking your payment gateway provider, you need to consider your unique needs. But here are a few common questions you should consider when choosing your payment gateway provider. Rates for in-person and online payments vary, as do the costs for processing one credit card versus another. So, if you sell more in one realm than another, one provider might not cut into your margins as much as another.
Price aside, some payment gateway providers offer better features and services for handling payments in one dimension versus another. Some customers prefer credit cards. Others prefer digital wallets. How they like to pay should influence which service to use. Again, some providers might have better pricing, features or services or all three to support the payment methodology that your customers like.
Your monthly sales volume—in terms of the total number of transactions and dollar value—is another major factor that any business should consider when selecting a payment gateway. Businesses with higher volumes would benefit from plans where they pay a high monthly fee for lower rates on each transaction, whereas businesses with low volumes would be better off paying a higher per-transaction fee without a monthly fee.
To choose the payment gateway providers for this ranking, Forbes Advisor compared each company based on important factors that include ease of use, cost and fees, customer support and feedback, and features and functionality.
We ranked each company on these factors based on a five-star rating system, with the highest score being five out of five stars. Payment gateways facilitate transactions between buyers and merchants and their banks. However, payment gateways can verify that the cardholder is who they say they are, while payment processors alone cannot.
Lee Davis is a tech analyst who has been covering the document imaging industry for over five years. Currently, Lee is the Associate Director of Software and Scanners at Keypoint Intelligence, where he is responsible for maintaining coverage of document imaging software and office scanning technology.
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