The e-commerce world has come a long way over the years, and the two driving factors of the advancement of e-commerces are the payment gateways and the betterment of payment methods.
Payment gateways are essential for the success of any business, and the best payment gateway helps you to grow in sales. They provide simple payment options for customers. Earlier, the e-commerce service provider had to design their own gateways but had some limited transaction modes. So this leads to the demand for generalized payment platforms that act as a middleman and provide reliable transactions to businesses and customers.
The payments marketplace lets you easily connect with reliable payment providers and software platforms. You can find the right solutions and the right payment provider for your business.
Below is a list of some of the widely used Payment Gateway:
PayPal
PayPal is one of the most popular redirect payment gateways, and it has a high reputation and multiple gateway options. The Paypal Payflow gateway offers two services: a free checkout payment gateway that PayPal hosts or an additional checkout customization feature that comes up with a monthly fee.
With both services, PayPal provides fraud protection; one does not have to pay the additional charge. This provides extra assurance that the payment gateway is secure and can also handle any threats.
Authorize.Net
Authorize.Net is famous for its developer-friendly API. It also offers versatility, such as it can be customizable too. When it comes to fraud detection, it provides a secure platform and prevents any fraudulent transactions. Also, there is no limit to the transaction amount, and it also facilitates quick transactions. It does incur a fixed monthly charge along with the transaction fees.
Braintree
Braintree is a part of the PayPal network, intended to make the payment process more accessible. It consists of commerce tools that help businesses to accept payments and allow commerce for the users. It also comes with several features and tools that can help the business to scale its services. Braintree is active in around 40 countries, and it also supports 130 currencies.
Stripe
Stripe is customizable, and it offers several features regardless of your business. Stripe consists of modern-day e-commerce payment features, and it is safe, secure, and easy to set up. Also, it allows the customers to buy the products directly by saving the card details that facilitate the one-click checkout. The Stripe Sigma service lets you view the analytics and data in real time. This will help you in improving and refine your operations.
Conclusion
Summing up, which payment gateway to pick usually depends on your company’s needs and requirements. However, whichever payment gateway you choose should be able to offer convenience to you and the customers.
Also, you can go to the payment marketplace, where you can find several cost-saving payment apps; with the help of those, you can better manage payments. So go for the ones that provide simple, easy-to-use value for money and can be easily linked to your accounting software and POS systems.
