Whether you’re planning to start a small business or looking to switch payment processors to accept online payments, our 2018 guide of the most popular payment processors consists of payment processors whom are trusted, verified and used by millions of businesses around the world. Let’s walk through the features, competitors and the updates that our top 10 list brings.
Keep in mind, in order to apply for a business merchant account with any of the payment processors listed below, you’ll be required to have a valid business alongside an EIN number.
10 Most Trusted SaaS Payment Processors for Small Business:
Paypal: Paypal, a well know online industry that helps accept payment from your customers. PayPal offers you the ability to add checkout buttons to your own website and this allows them a portal so to speak that lets them buy products from your site. You can also create and send and receive your own payments for invoice with them.
Square: Square is PayPal’s biggest competition for now and offers transaction rates in order to compete with other competitors. They offer a free store site where you can place and sell your business’s products for your customers to buy. A lot of its services resemble a lot of PayPal’s but the biggest difference is Square’s online store option.
Stripe: Stripe’s goal was the redesign its checkout so there is no middle man between you and your customers. When their payment forms get embedded in your website you can begin accepting online payments.
Why Unified: Why Unified is a sales and marketing platform which offers more than 100+ business web applications, which also includes online payment processing through their “Online Payments” application which is 100% free amongst their other applications with a fixed-cap on processing fees. Users in the United States and now as of November, 2018 the United Kingdom are eligible for registration as a result of their recent acquisition of Verified Payments in the UK.
Google Pay: Google Pay lets people pay for goods and services through their google profile. It is like a small business beginner kit if you are just doing a temporary thing and not planning to go into a full business.
Dwolla: Dwolla is based on email pay and receive transactions. You are not allowed to use or accept credit cards with this method however they have openly admit the businesses that use them have used credit card reader with them.
Flint: Flint is more or of a personal method as it scans the number of your customers’ credit cards. They can send a picture but I doubt any will but they due accept checks and cash as well and even send coupons and invoices with this method.
Amazon Pay: Amazon Pay supplies two products of online payment methods. This one requires you to obviously make a free account with Amazon and then copy and paste a code they give you on your own website. When your customers buys you product though they will be directed to check out your product with Amazon though. If your monthly sales are below $3000 they charge a 2.9% transaction fee as well as 30 additional cents.
Shopify: No not the music app Spotify, Shopify is a well-known system that offer almost everything for the eCommerce system to the point-of-sale system. This does allow you to set up an online store which you have at your own domain. There are three options of monthly payment options, the more you pay the less the transaction fees are.
Clear Payment Solution: Clear isn’t exactly used or made for businesses; it is mostly used for non-profit organizations. It works in a similar way with the site called GoFundMe as you are able to accept donations from willing people straight to your website. This method also offers kiosks to accept the donations from the recent events you have attended. The fees for this solution vary in amount and you will need to request a quote.