Payment Solutions that Every Online Business Should Know

In order for your online business to grow, you must constantly look for ways to make life easier for your customers. You can’t expect to retain them when your processes are too rigid and slow. One of the ways you can take care of your customers is by providing them with as many payment options as possible.

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Here are some payment solutions that every online business should know:

1. Payoneer

This payment processing service has been around for quite a while. It has a presence in at least 200 countries. Payoneer does not charge you for receiving payments and has a very flexible API. Another great thing about this service is that it accepts transactions in 150 different currencies.

2. Amazon Payments

Amazon is such a huge brand that if your customers’ payments go through their checkout, it will increase your credibility and give them peace of mind. The fact that they will only need their Amazon credentials makes the entire payment process more convenient.

3. Payza

With this payment solution, sending or receiving payments from anywhere in the world only takes a few minutes. At the same time, it has a robust security system and an easy-to-use interface. You can transact on Payza using your credit card and bank account. You can also use bitcoin.

4. Dwolla

Dwolla has a number of similarities with PayPal in terms of funds transfers. However, its API is more suited for ACH (Automated Clearing House) payments or bank transfers. It allows users to create their own customized payment solutions through which they can receive payments within a day. Also, Dwolla does not charge any transaction fees.

5. Skrill

Exclusive offers, low transaction fees, and instant deposits and withdrawals are some of the features that have made this payment solution popular with online businesses. On Skrill, you can send or receive funds in 40 different currencies and send text messages from your account.

They also have incentives for users who refer their friends to start using the platform. MyPaymentSavvy designs custom payment processing solutions. Skrill is one platform that is very easy to integrate into most payment solutions

6. Google Wallet

Google Wallet (previously Google Checkout) allows you to send money transfers from your Gmail account, smartphone or browser. You can also store your gift cards, debit cards, credit cards and even loyalty cards to your Google Wallet account. Google Wallet is not only simple, but the money transfers are also secure.

7. Intuit GoPayment

Intuit has features that many small online business owners would find very useful. Apart from accepting online payments, it will also assist you with your tax calculations and payroll processing. It has a monthly charge of $19.95

8. PayPal

With PayPal, you don’t have to have a merchant account to be able to send or receive online payments. You can also accept credit card payments by phone or online. One unique feature of PayPal is that users can be able to generate invoices and track them through their accounts.

When it comes to choosing an appropriate online payment solution for your business, efficiency is one of the main factors you need to take into consideration. These solutions will make your payment processes less stressful and make life easier for your customers.

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