Payment Gateway Software is a solution that acts as a crossing point between a vendor’s website and a client’s bank that typically processes the credit or debit card transaction. Due to the constant rise of cybercrime, businesses that operate online need to process payments in a protected and dependable way. Best payment gateways software helps automate these payment transactions between the shopper and the merchant by safely transmitting transaction data to banks. Ecommerce companies largely depend on payment gateways to safeguard customer information via encryption and guarantee their information is passed securely, from customer to business to the payment processor. Payment gateways can also be integrated with other ecommerce solutions, such as subscription management software and payment processing software, in case of recurrent payments, and allow dealers to accept credit cards or other forms of electronic payments for transactions.
Top 7 Payment Gateway Software for Small Businesses in 2021
Due provides a low flat-rate transaction charge of just 2.8% for credit card processing. It can also handle domestic and international credit card processing, ACH payment processing, and PayPal and Stripe assimilation. Due also acts as an end-to-end payment solution. This means it is equipped with time tracking, online estimations, and billing tools, as well as online database management competencies.
Authorize.net is a prominent payment gateway solution provider. It works well with the existing merchant account so that merchants can accept credit cards, electronic checks, and digital payments, such as Apple Pay or PayPal, via their business website. Since customers would not be comfortable using a third-party site, the merchant’s business can become more reliable. Additional features offered by Authorize.net comprise automated recurring billing, a suite of security and fraud deterrence tools, and the capability to sync with Quickbooks.
Square is currently one of the most adaptable payment solutions available for small businesses. It allows businesses to accept payments from any location due to its pioneering mobile card reader. This transforms mobile devices into a POS system. In addition to this, Square payment gateway software also offers fraud protection, deposits on demand, and the Square Stand for bigger businesses. With the Square app, businesses can create a customized register, as well provide receipts and invoices, track inventory, view sales reports, and manage timesheets.
Mainly created for global payment acceptance, 2Checkout provides businesses with a protected and compliant gateway in 87 currencies and 15 languages. It offers both online as well as mobile payment platforms, as well as features such as recurrent billing, hosted checkout, fraud defense, and integration with the most prevalent online shopping carts. It allows businesses to accept all major credit cards, PayPal, and bank or wire transfers. Transaction charges are a flat 2.9% and USD 0.30 per transaction with zero set-up or monthly charges.
Amazon Payments has demonstrated to be a small business-friendly choice for receiving payments online since it effortlessly integrates into the current website and enables customers to pay instantly for goods and services the business has provided. For customers, itis a modernized and safe payment solution since they can pay the business simply by using the payment info already stored in their Amazon accounts. Domestic processing charges are 2.9%.
If at all a business needs a tool that allows them to accept payments both online as well as in-store, Shopify is the answer. In reality, the sales that a business makes either online or in-store syncs through Shopify so that businesses can track their inventory and analyze sales data. Shopify also enables businesses to build a customizable online store so that they can accept orders and payments online. It also assimilates with the shipping carrier and services, including Xero, QuickBooks, MailChimp, Amazon, and social media platforms. To receive in-person payments, businesses can use Shopify’s free card reader, which is comparable to Square.
WePay is a payment gateway software that can be entirely integrated into the look and feel of the business website. This helps businesses make an extension of their brand. With WePay businesses can modify everything right from checkout forms, confirmation emails, customer support emails, credit card statements, as well as mobile transactions. Moreover, WePay provides on-the-go payment ability with a mobile chip card reader, mobile SDKs, and fulfillment service so that the business can embed payments into a single mobile app for a more comprehensive and unified user experience.