In the digital world, now everybody wants to make money online. These days a bulk of e-commerce website is running all over the world. The main purpose of any e-commerce website to make money online. And, for making money online, it is compulsory that your visitors make the payment of goods and services. Unless and until the visitors will not pay the services charges, your work on your website will be wasted. So, you have to make sure that they will get the easy mode of payment.
Mostly local visitors prefer to do the bank transfer, but the bank transfer is costly for international payments. Mainly people prefer to do payment with the credit cards. So you have to fix the payment system to your site. For this, there is the system “Payment Gateways”. This provides the E-commerce site to securely lift the credit card payments.
In this article, there are some of the payment systems that an e-commerce system allows for their sites. These are mostly used payment options by particular sites.
PayPal was introduced in 1998. It is one of the biggest universal modes of payment. Paypal is the most secure and safer payment method mostly used by e-commerce websites. It allows the payment with the credit card or debit card. It does not charge any membership fee. It only charges 3.4% on each transaction. It is not necessary to have a PayPal account to use the firm’s services. It users can set currency conversion option in account settings. Recently, PayPal has introduced its “One Touch” service, which allows users to pay with a one-touch option on participating merchants websites or apps.
2Checkout was founded in 2006 and it further brought up by the Avangate in 2017. Now, the company has become very reputable and provides global payment solutions. it has level 1 PCI compliances and boasts 300 fraud prevention rules. 2Checkout can help you tackle the anfractuosities of digital commerce, globally. It also accepts all the credit cards and debit cards. You only have to pay 2.5% of the amount of your transaction as a transaction fee. There is no ongoing fee charged by the company.
The company offers the payment gateway method for the merchants and the Bricks and Mortal installation. The company was founded in 1996 and around 4,00,000 merchants are enjoying the payment gateways solution. It provides the bulk of tutorial options by which you can get the best out of the authorize.net and the website. It accepts the credit cards and cheque as a mode of payment. The company accepts the $49 as a setup fee and $29 as ongoing fees per month. It conducts 2.9% and 30 cent transaction fees and in addition, 1.5% for international transaction.
Stripe only deals with the simple Woocommerce territorials. It is available in 25 countries. It provides the level of flexibility that allows the developers to easy to corporate it into the designs. It contains the interface tools like “React”. It allows the customers to set up the candidate’s forms very easily and fastly. If you are doing the transaction less than $1 million per year then this company charges 2.9%, and in addition 30 cents per transaction. And, if you have crossed the $1 million then there are some extra charges which you have to pay while doing the transactions.
PaySimple is the payment gateways solutions which accept the major credit cards and debit cards, with the addition of managing ‘echeck’ payments. this payment method can be used for credit cards and Ach echeck, and it can also be used in stores. As this payment method allows doing the transaction in telephones also. Paysimple deals with the two pricing approaches and both contain the different cost value. The first approach is ‘Pro Plan’ which costs $49.95 per month with transaction fees. The second is ‘Enterprise Plan’ which costs $99.95 per month with transaction fees.
If you are running an e-commerce business or website then these are the top 5 popular options of payment gateways that will surely help you. Now, you can choose the better option from all of these, according to your website. There are many more solutions are available. I have mentioned some of them. I hope out of these, any of the solutions will fit your website’s needs and requirements.