Top 5 online payment solutions
When sending and receiving money online, one can hardly think of a solution other than PayPal. The company’s quality standards have made it the de facto online payment solution that customers, business owners, vendors, and freelancers use regularly. While PayPal is the most popular online payment solution, several other companies are catching up by delivering quality features at a lower price, along with promises of faster transactions and enhanced security.
- Due
Innovative time tracking and invoicing tools made Due one of the most popular online payment management software. With just 2.7% of the transaction, Due offers secure online payment. Global payment done via Due reflects in two working days. Due even offers digital wallet to receive and send money for a minimal service charge. Due even has an e-bank option letting the users store money. - Stripe
Power and stable API is what every Stripe user has to say about the online payment management software. Stripe caters to everyone’s need, be it a subscription based company or an on-demand market. The ability to integrate with a number of applications allows the user to easily get running as soon as possible. Stripe doesn’t have a setup, monthly or hidden fee which again makes it a favorite. - Dwolla
Dwolla follows a PayPal similar feature list with an API which focuses more on bank transfers. Their ACH (Automated Clearing House) payments help the user in creating customized payment solutions where the payments are received within a day. The highlight of Dwolla is that it doesn’t charge any transaction fees. - Apple Pay
A must for merchants where the transactions are faster and secure, thanks to Apple’s touch ID confirmation. Apple Pay allows the customer to pay using their fingerprints. Relatively new in the field, it won’t be a surprise if Apple adopts the service for older devices. It was confirmed that Apple is also working on a peer to peer payment service through iMessage. - Payoneer
This is one of the oldest when it comes to online payment management software. Payoneer supports more than 200 countries and recognizes more than 150 currencies. Receiving a payment via Payoneer is free of cost and the flexible API helps the user to grow with the business. Payoneer also offers a plastic Master card like PayPal if one doesn’t wish to go 100% digital.
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