Over the years, online payment has become more popular due to the innovations in technology and the widespread use of online shopping and banking. Nowadays, internet credit card processing services are a preference for many people including individuals, professionals, businesses, and freelancers.
Currently, Paypal is undoubtedly the most popular online payment solution but there are also a number of other options available that offer similar services at lower transaction costs and at a faster processing time. Below are some of these options.
Popular Internet Credit Card Processing Services
Due
Due was founded in 2015 as an electronic invoicing platform ideal for small business owners and freelancers. Recently, it has expanded its services. It currently offers services such as credit card and debit solutions for freelancers and businesses of all sizes. It also offers internet credit card processing services, including eCheck and ACH (Automated Clearing House) payments. Due also offers instant sending and receiving of payments through their digital wallet using Due Cash. The charges for credit card processing is a flat rate of 2.8%.
Stripe
Stripe software allows individuals and businesses to send and receive money online. Its powerful and flexible internet tools for e-commerce can facilitate any kind of online business from a subscription service to an on-demand marketplace, or even an online store. Stripe believes that payment is a problem rooted in code and not finance, as a result, they eliminate the needless complexity; you are not required to be highly knowledgeable about coding to use Stripe. Additionally, the Stripe system is free of monthly and hidden fees.
Dwolla
Founded in 2008, Dwolla has one of the best ACH-optimized API’s on the market. They offer services like instant bank authorization for debit bank accounts at a zero transaction rate. With Dwolla, you can customize your payments. Additionally, payments are received within 24 hours.
Apple Pay
Apple Pay works with Apple devices. It is supported on the iPhone, Mac, iPad, and Apple watch. It allows users to make payments in person through touch ID confirmation. This makes transactions easier and faster with Apple Pay. The touch ID confirmation also makes transactions more secure since payments can only be approved through fingerprint identification from the phone. Currently, Apple Pay is available in USA, China, Australia, Hong Kong, UAE, Japan, Canada, Taiwan, Singapore, New Zealand, the UK, and other European countries.
Payoneer
Founded in 2005, Payoneer is one of the oldest international online payment systems. It provides online transactions in more than 150 currencies and is supported in over 200 countries across the globe. Whether you are a freelancer, professional, or business owner, Payoneer offers you numerous ways to receive payments from your client and global marketplaces quickly, securely, and at a low cost.
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