Payment method They are external enablers that allow you to recognize your customers’ payments online. A payment gateway will generally have a selection of payment alternatives, including:
- Cash cards
- Credit / debit cards
- Net banking
When the customer wants to pay in an online store, he can select the option that suits him best and pay you. In a way, the payment gateway works as a bridge that connects your bank and your store to allow the buyer to make their purchases without problems. Instead of the service, the payment gateway claims your fee through a Transaction Discount Rate (TDR) on the amount of the transaction.
Online Payment method they are essential, if your business relies on an e-commerce website and requires fundraising on the website rather than obtainable services or products to process payment made by your customers. This helps customers to pay without difficulty and subsequently the seller / supplier / manufacturer can access the cash paid by the customer / buyer or request a check or withdraw money from their bank account.
Below are the top ten common e-businesses and payment processors in the world:
This is a top tier payment acquirer and the most popular worldwide. In 2011, PayPal was able to transact $ 4 billion in terms of payments.
It became popular in 1996 and has since transacted billions of funds. To register an account, you must pay a one-time initial fee of $ 99, monthly charges amounting to $ 20 and $ 0.10 for each transaction.
There is no setup cost for the merchant account service and the online payment processor. The transaction fee for each transaction includes 2.9% + $ 0.03 for qualified cardholders.
4. Sage Pay
There are more than 40,000 companies that use Sage Pay because it is believed to offer secure payment services. Every month it is reported that this payment gateway can process up to millions of transaction payments.
5. Google Checkout
The account is connected to a Google profile that allows Internet users to pay for services and buy products online.
6. Amazon payment
This payment processor started in 2007. It is a product of Amazon.com, which allows account owners to send money through ACH and receive funds through the Amazon API. The transaction fee varies around 2.0% + $ 0.03 for transactions over $ 10, while for payment below $ 10, the transaction fee is 5.0% + $ 0.05.
This payment gateway is used to receive payments for products, donations, event tickets, etc. There is no setup fee or monthly charges.
2CO or 2CheckOut allows users to receive PayPal payments and credit card payments. It also provides recurring billing services, shopping cart stores, and international payments.
Make transactions and process payments of 1 million dollars a day. The transaction fee or charges are not less than $ 10.
10. Moneybookers (Skrill)
This is the simplest payment processor with more than 120,000 merchants worldwide with 41 different currencies and 100 payment options.