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Payment gateways enable both brick-and-mortar and online merchants to provide secure credit card and digital wallet payment options to their consumers. Payment gateways are critical in helping organizations thrive as technology offers up new payment methods and markets.
Customers are driving the desire for secure, hassle-free shopping, thanks to the popularity of digital payment methods. Following are the best payment gateways to consider:
1. Authorize.Net (Authorize.Net)
Authorize.Net is a payment gateway service with a long history. It now has over 430,000 merchants and processes over one billion transactions annually. Because it’s simple to set up and use, works with almost any merchant account, and takes transactions from consumers all around the globe, we rated it as the best overall.
The Authorize.Net platform is simple and easy to use, making it a good option for both novice and seasoned vendors.
2. Stripe
Stripe is a payment gateway company that focuses on innovation and technology. Stripe says that 90 percent of online customers in the United States have purchased from firms that use the service. Check Stripe customer payment processor review to have more insight about the payment platform. The company employs over 4,000 people in 14 countries. Because it provides flexible payment alternatives at low prices, we picked it as our runner-up.
Stripe includes a user dashboard with strong transaction tracking and reporting, as well as support for over 135 currencies and payment types, mobile payments, subscription billing, one-click checkout, and a user dashboard with robust transaction monitoring and reporting.
Stripe doesn’t charge a monthly gateway fee, unlike Authorize.Net. It also provides email, phone, and chat help 24/7, as well as access to a large online support center. Customers may contact Stripe for pricing on customized solutions.
3. PayPal
PayPal was bought by eBay in 2002 and has since evolved into one of the most flexible and well-known online payment processors. We picked it as the finest payment method for online companies since it allows clients to pay using PayPal and almost any other payment method at low prices.
PayPal believes that giving its service as a payment option to clients may enhance checkout conversions by 44% due to its trusted reputation and broad usage. It’s also relatively easy to add PayPal as a payment option.
4. Square
Square paved the way for shops by offering an online payment option that could be utilized on mobile devices instead of cumbersome and costly point-of-sale hardware. It was chosen as the best for brick-and-mortar companies because it allows users to take in-person and online payments with no setup fees, and it comes with a free mobile card reader.
One of Square’s most significant advantages is how simple it is to get started. Users may get the app for free on any iOS or Android smartphone and use a Square-provided free mobile credit card reader to accept payments. Food carts, farmer’s markets, artisan booths, and other mobile businesses can process credit card payments using just a smartphone or tablet, making it an ideal alternative.
5. Braintree
PayPal bought Braintree in 2013, and it now accepts both in-store and online payments. Because it’s an easy-to-use platform with straightforward pricing that takes all major payment methods, we rated it as the best for entrepreneurs.
Braintree makes up for its lack of fresh and intriguing features with its simplicity. It has a clean interface that makes checking out on any website a breeze, and it interfaces with most major e-commerce platforms, invoicing software, analytics programs, and more.