Online payment gateway is an inextricable part of the new payment ecosystem. Standing in the 21st century where everyone is getting a modern touch, it is very important to understand the new business strategies. If we consider the present situation, people are using online transaction modes and they are preferring contactless transactions in the shop. Therefore, if you are into brick and mortar business, you have to make changes in your business strategies.
As a businessman, you have to shift your business online so that you can accept online credit card payments. Well, when it comes to online business, you need to pair your business with a merchant processor that will provide you an online payment gateway. An online payment gateway allows the merchant to accept online payment. At present, there are various merchant processor solutions available offering online payment gateway. We have highlighted some of them here. So, have a look at the following points to have a concrete idea about the online payment gateway.
Stripe is one of the best payment service providers. The best part of Stripe is that it comes up with API. Therefore, technology-savvy people give more preference to Stripe. With the help of APIs, they can integrate the payment processing system into their websites and applications. Stripe was launched in 2012 as Stripe Connect. Merchants can create their online marketplace with the help of Stripe. Stripe has subscriptions, invoicing tools and recurring billing systems. Moreover, it supports credit cards, localized payment methods and ACH.
PayPal is a well-known online payment service provider through which merchants can accept payment online. The Company has more than 265 million active customers. Moreover, the Company claims that it has more than 21 million merchants. It generally offers three service plans- Payments Pro, Payment Standard and Checkout. You can choose your own as per your requirement. PayPal is mostly used by freelancers, non-profit organizations, online marketplaces and many more.
Authorize.net is another well-known merchant service provider that offers online payment gateway. However, the level of popularity is not as high as the other payment gateway service providers. Authorize.Net is available in Australia, Canada, United States and United Kingdom. The best part of this payment service provider is that it accepts various payment methods such as MasterCard, Visa, Apple Pay, American Express, Discover, JCB, PayPal and many more. It offers an advanced payment gateway that makes the online payment very reliable. Moreover, the Company offers various developer tools such as Python, Ruby, Java, PHP and many more.
So, these are some important online payment gateways. We hope that this article would be helpful for you.