Virtually all types of businesses require online payment options. Many customers find it convenient to make reservations and payments online, so it’s crucial to make sure your company is keeping up.
Offering online payments to customers can be advantageous for small businesses, start-ups, and even large organizations. Finding a trustworthy, reputable online payment provider that offers a flawless customer experience and gives you more control and visibility into your revenue is the solution.
So, which are the best payment methods for your business? We’re here to let you know!
One of the greatest online payment options for small businesses is Square, a well-known payment method. Square can help you run a business such as a restaurant that accepts online orders, sell physical or digital goods, or schedule appointments. This platform allows you to send invoices and/or collect money, and it even provides a free eCommerce solution to assist you in starting your business.
Square provides e-gift cards, hardware for physical businesses, and a dashboard with analytics to monitor your progress. You may open a Square bank account for your business without paying any fees, manage your payroll with Square, and do everything from input time cards to automatically pay employees.
Stripe’s original goal when it was founded in 2010 was to give start-ups an easy way to accept payments online. Since then, it has created a variety of goods that facilitate internet commerce for start-ups and small businesses. It is now utilised by both small local companies and some of the biggest brands in the world, such as Google, Amazon, Uber, Booking.com, Deliveroo, NBC, Just Eat, and Uber. Stripe provides several scalable solutions for both online and offline payments whenever you are developing a custom solution for your small business or integrating with an e-commerce platform.
PayPal is one of the most popular online payment options around. Customers can pay you with their bank accounts, credit or debit cards, PayPal balances, or PayPal accounts. Customers can pay fast and easily with just one click on the platform, and its ground-breaking Store Cash function aids in turning consumers who have abandoned their shopping carts into customers.
PayPal can operate with your current systems because it interfaces with many popular eCommerce platforms. You can also collaborate with PayPal to build a more capable and personalized online payment solution, or you can add shopping cart, buy now, or donate buttons quickly. PayPal has helped so many industries like retail, ecommerce and even casino move seamlessly online, with the likes of Caesars and Betway casino topping the ranks of PayPal casino sites.
Presently, Visa owns a 100% stake in Authorize.Net. In terms of security, this makes it the finest payment gateway for small internet businesses. It provides a wide range of customisation possibilities that enable you to develop and expand alongside your payment gateway. The payment system that small businesses trust the most now is Authorize.Net.