Top Rated Payment Solutions 

Payment gateways are required for all online businesses. By minimizing fees and providing a simple experience for you and your customers the best gateways assist you in becoming a sales powerhouse. To find the best fit for your company, consider your sales volume, coding skills, and overall payment requirements.

What are payment gateways?

A payment gateway is a tool that enables companies to take payments online. Between the company and the customer, the gateway serves as a middleman. The payment gateway securely and cryptographically transmits the customer's payment information to the merchant's processor as they enter it. Any business' success depends on the use of payment gateways.

When selecting the finest payment gateway for your company, there are a few aspects to take into account. The ability to accept foreign payments, and provide 24/7 customer service and fraud protection are some key aspects to look for. Make that the payment gateway also complies with Payment Card Industry (PCI) standards.

Pay Agency has created a list of the top payment processors on the market so you can give your customers the high-caliber service they need.

1. Stripe
A fully integrated suite of payments products. They put everything in one place needed to create websites and applications that collect payments and send payouts internationally. Stripe's products accept payments for online and offline merchants, subscription services, software platforms, marketplaces, and everything in between.

They also assist businesses in a variety of other ways, including preventing fraud, managing business spending, issuing virtual and physical cards, reducing checkout friction, and getting financing.

Stripe claims to provide the world’s most powerful and easy-to-use APIs. As mentioned on their website “We worry over the proper abstractions so your teams won't have to spend months implementing payment functionality or patching together disjointed systems.”

Stripe makes moving money as simple, borderless, and programmable for ambitious companies worldwide as the rest of the internet. Essentially becoming the backbone of the business, the team at Stripe is based in dozens of offices around the world and processes hundreds of billions of dollars each year for startups to large enterprises.

  • 250M+ API requests per day, peaking at 13000 requests a second.

  • 90% of US adults have bought from businesses using Stripe.

  • 135+ currencies and payment methods supported.

  • 35+ countries with local acquiring, optimizing acceptance rates.

2. Paypal
A payment processing system based on PayPal's technology is called PayPal Payments Pro. It enables online merchants and companies to accept credit card payments both online and offline. Additionally, users can create and host their checkout sites. Users of PayPal Payments Pro can accept credit card payments by phone, fax, mail, and online. It allows credit card payments without requiring PayPal accounts from customers. Credit cards, debit cards, loyalty cards, and PayPal credit are all accepted by this payment processing option.

  • No matter where you want to accept payments be it on your website, a marketplace platform, or social media, PayPal has a solution for you.

  • Send and use your funds. Use your account to swiftly pay vendors and withdraw money while on the road.

  • Introduce the world to your company. Reach the 400 million+ PayPal users who utilize the service every day to make payments worldwide.

  • Strengthening your company. With tools to automate processes and keep an eye on risk, we can assist with the day-to-day requirements of running a business, all from within your PayPal account.

  • 51% of Consumers trust businesses more if PayPal is accepted.

  • 37% of consumers have a higher willingness to buy where PayPal is present.

  • 59% of users have abandoned a transaction because PayPal wasn’t there.

3. Amazon Payments
Customers and Amazon merchants can pay with Amazon Payments. For Amazon shoppers and sellers, it offers quick, handy, and reliable payment methods. Amazon offers two different ways to pay: Pay With Amazon (Merchant) and Login And Pay (Shopper).

A pleasant buying experience is what Pay With Amazon aims to provide for online merchants and sellers. A variety of features and tools are included in the bundle to draw in new clients and make them loyal consumers. By offering customizable recurring payments, the platform facilitates the purchasing process and increases client loyalty. Amazon Pay is trusted by top brands like MadeTrade, Nutribullet, BBQGuys, BlendJet, Prepdeck, and many more.

 The benefits of Amazon Pay

  • It's extremely easy to keep customers engaged from cart to checkout.

  • Reduce chargebacks and fraudulent transactions.

  • Leverage the latest technology that customers love.

  • 49% faster transactions than regular checkouts.

  • Increase brand visibility with the fast, familiar, and secure Amazon.com checkout solution.

  • Hundreds of millions of Amazon customers from 170+ countries worldwide.

4. Bluesnap
Complex payment procedures for organizations are made simpler with the BlueSnap All-in-One Payment Platform. By accepting domestic and foreign payments, the platform allows businesses to develop and prosper. By 80%, fraudulent payments are reduced by the software's fraud protection mechanism.
30+ acquiring banks are accessible to businesses through BlueSnap. By raising payment conversion rates, this service increases income and lowers cross-border fees. The platform offers a cutting-edge subscription billing engine that can produce accurate invoices and reach clients anywhere in the world.

Through Online and Mobile Checkout, Subscriptions, Invoices, Virtual Terminals, and Marketplaces, the payment platform enables businesses to accept global payments. BlueSnap All-in-One Payment Platform also integrates with PayPal, Apple Pay, VISA, MasterCard, Discover, Masterpass, Visa Checkout, Google Pay, Alipay, and more. With no setup costs, BlueSnap provides customizable pricing options based on transaction volume. The US pricing rate for debit and credit cards is 2.9% + $0.30 for companies unable to furnish existing processing statements.

Conclusion

Fast-evolving technology and consumer demand have paved the way for the development of some of the best payment gateways. For all businesses kinds, whether they involve high or low risk, there are many processors on the market. However, a company must make a thoughtful choice, particularly when it comes to Payment Processing. This is where the Pay Agency comes into play. We can assist with all types of solutions. The evolution is dynamic, to stay updated keep visiting our blogs!

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