10 Top Payment Platforms for Online Businesses

Introduction

Online payment applications are necessary for virtually all types of businesses. The ability to make reservations and payments online offers convenience to virtually all customers. For this reason, it's critical to ensure your business keeps pace with this innovation.

Whether a startup, small business, or even a large corporation, all types can profit from an online payment option to customers. Yet, how can they process various payment forms or a variety of national currencies? The answer is by using a reputable, solid platform for processing online payments to bring a seamless customer experience while letting you gain more insight about and power over your revenue.

Methods of online payments are the platforms allowing customers to pay for goods or services online instead of paying in person or over the phone.

Many e-commerce businesses can accept payments through debit or credit cards or through a direct bank account debit.

Online Payment Benefits

Accepting online payments will help you attract a larger audience. Many of these payment methods also provide data analysis to provide a better glimpse of what interests your customers the most about your business. Offering online payments can additionally give an extra security layer for shoppers as well as businesses.

Many payment platforms include post-payment solutions where clients will automatically receive follow-up emails after a purchase. These systems will help consolidate payments in one place, making it easier to control than piles of receipts.

Although there are numerous online payment platforms for businesses today, focus on those that are tailored to your company's needs. In addition, you need to examine ones that can expand with a growing business and methods which provide a great customer experience and security.

1. Authorize.net

Authorize.net has provided online payments since 1996, used by close to 450,000 businesses. This platform helps businesses process over $149 billion in payments annually.

The service allows your company to receive payments through credit/debit cards, contactless payments, and electronic checks. It securely handles all the steps for the authorization, capture, and settling of payments.

2. Checkout HQ

Checkout HQ offers the ability to showcase your products in a searchable database, make customized forms for payments and quotes, and retrieve attribution reports for researching how your marketing strategy influences profits. The platform works alongside with Hubspot, facilitating online payment processing, and is compatible with Hubspot themes. Checkout HQ also works with Stripe for accepting payments, and with a customizable checkout process, you can enhance the user experience.

3. Collect

Immediately begin accepting online card payments, as Collect works directly from your Hubspot page instead of redirecting customers to another window. Installation is simple, and setup requires no coding background. This brings a seamless customer experience from the moment they arrive at your site to the minute they finalize their purchase.

Collect will let you accept payments securely on your site, besides adding payment forms, buy buttons, and pricing tables. You can also let customers make a one-time purchase or make a subscription for your goods or services.

The platform presently incorporates with Stripe, although other payment services are in future plans. With no per-transaction fees, your only cost is your Collect subscription with no additional per-sale costs.

4. DepositFix

By using DepositFix, you can easily combine other methods, such as Stripe, PayPal and Hubspot forms. It allows you to do seamless payment acceptance through HubSpot forms, while this payment information is immediately sent to your company's PayPal or Stripe accounts. This permits you to develop workflows that trail each customer's payment, sending automatic follow-up emails, upsells, receipts, or requesting reviews for their recent purchases.

This platform is optimal for brands selling digital products and services. You can also remit invoices or accept donations through it. Its highly-rated security will give you and your customers peace of mind. For communication, DepositFix has a self-service Help Library as well as customer service that can be accessed through phone or email.

5. Dwolla

This online payment service is scalable, which can grow with your business. The payment platform can be tailored to fit your company's needs and branding while offering first-rate security for critical data.

With the flexibility to send or receive payments, Dwolla is ideal for paying contractors or for collecting customer payments. Dwolla's funding methods include balance-to-balance transfers among Dwolla account holders, ACH, wire transfers, push-to-debit, and real-time payments.

6. Intuit

This service has an array of tools businesses can use, such as flexible payment options for businesses wanting to implement online payments. For customer convenience, you can accept online or in-person payments by debit and credit cards, ACH, or eCheck.

With Intuit's scheduling tool, you can schedule invoices that recur automatically. The payments harmonize with Quickbooks accounts for ease of many functions, such as bookkeeping, bill pay, fast deposits, receipt imaging and organizing, and tracking income and expenses.

7. One Page Pay

One Page Pay is compatible with an array of CRMs, such as Hubspot, plus various kinds of payment services like PayPal, Stripe, GoCardless, and Take Payments. It generates a main payment form page and dispatches sale information directly to email or the CRM. One Page Pay provides bank-quality security for your customers' information, and setting up your initial payment form takes less than five minutes.

Select either a one-column or two-column form, or personalize a custom form to meet your specific needs. Reports can be created according to the transactions, and as One Page Pay works with HubSpot, it intuitively provides follow-up to customers with actions such as surveys or delivery of digital items after purchase.

8. PayPal

PayPal has quickly risen to be among the most popular online payment platforms, with a yearly payment volume surpassing $930 billion. Customers have the options to pay through debit or credit cards, a PayPal balance, or from a bank account. PayPal lets consumers pay instantly in one click, and the groundbreaking Store Cash element assists in converting abandoned carts into revenue.

As PayPal works hand-in-hand with many prominent eCommerce services, it's compatible with your current systems. Additionally, you can easily add buy now, shopping cart, or donate buttons, or let PayPal help you develop a more powerful and personalized online payment product.

9. Square

Square is a prominent payment platform and among the favorite methods for small enterprises. This service helps businesses book appointments, market digital or physical goods, or helps restaurants take food orders online. Businesses can submit invoices and receive payments through the platform, which also provides a complimentary eCommerce tool in helping you set up and run your business.

Among other benefits, Square provides hardware for brick-and-mortar retailers to use with the service, e-gift cards, and a control panel for tracking your profits through analytics. In addition, you can manage employee payroll through Square, from time card input to automatic payments. Your business can also open a no-fee Square checking account. Using the online payment platform, it's easy to add purchase links, shopping cart buttons, and QR codes to assist customers to locate your goods and services.

10. Stripe

Stripe is an excellent payment processing service for both large and small businesses. The extensive platform provides in-person and online stores both to receive funds electronically, as it deters fraud through its Radar protection. The service works with well-known online shopping methods, such as Shopify and WooCommerce.

A platform with worldwide popularity, Stripe facilitates more than 135 currencies and payment forms. Setup is easy and your business can start using it within 10 minutes.

Besides extensive documentation, Stripe's customer support is available 24/7.

Conclusion

Providing online payment options will simplify the customer experience even further. Also, when your online payment service features additional benefits, such as automatic follow-up notifications or the setup of invoices, you can propel your profits and client satisfaction even further.

With so many online payment methods available, choose one with powerful features tailored to your business' needs, fees that fit your budget, and with the protection and support to provide peace of mind to both you and your customers.