Top 5 Excellent online Payment Systems Comparison

 

Nowadays E-Commerce merchants, Freelancer, freelance marketplace users have plenty of options when it comes to online payment systems.

So in this article we will be reviewing some payment system in the world. This Comparison will help you in your bussiness.

Authorize.net

1. Authorize.net is one of the Internet’s most widely used payment gateways

2. This payment solution from Visa has been around since 1996 and now handles more than a billion transactions per year.

3. Many widely used e-commerce platforms, such as Magento, Volusion, and X-Cart, integrate easily with Authorize.net.

4. For an all-in-one solution that includes a merchant account and payment gateway, you’ll pay $25 per month and 2.9% plus 30¢ per transaction

PayPal

1. Paypal also most widely used payment system
2. PayPal is the world’s most widely used payment acquirer, processing over $936 billion in payments in 2020
3. No fees for sending money to friends and family.
4. This system have more than 28 million merchants and 325 million active account holders use PayPal
5. Pricing: PayPal takes 30¢ per transaction plus 2.9% for most types of domestic transactions and has no setup or monthly fees.

Google Pay

1. Google Pay is Google’s answer to PayPal. Google Pay allows users to pay for goods and services through an account connected to their Google profile.
2. A major benefit that Google Pay has over the competition is that millions of Internet users use Google for other services, making a purchase through Google Pay a simpler process.
3. Google doesn’t charge merchants any fees for accepting Google Pay. However, if a shopper uses a credit card through Google Pay in-store, the credit card company may charge a transaction fee
4. Faster, easier checkouts in stores can lead to more store visits, more time spent shopping, and customers spending more money.

Payoneer

1. Payoneer global payment solutions offer a legion of options, You can transfer funds directly to payee bank accounts with Payoneer payment solutions, 
2. Payoneer is more interested in making their system secure, So you will need to supply the team with your Government ID’s and a Utility bill which confirms your address.
3. Payoneer MasterCard works like any other prepaid debit card
4. Payoneer is costly, Receiving money costs a fee depending on your account type, withdrawal costs per transaction charge and Forex rates are bit lower than expected.

Stripe

1. Stripe provides an excellent payment solution for web developers who would like to integrate a payment system into their projects using Stripe’s robust API.
2. Stripe acts as a merchant account for its providers, handling all PCI compliance and merchant approvals.
3. Stripe charges 2.9% + $0.30 per transaction with no setup or monthly fees.
4. All the messy stuff is handled for you, as your invoices automatically update as ‘Paid’ and the Stripe transaction fees are accounted for.

So choose the right online payment system for you or your bussiness.

lets see the comparison which one is cheapest payment service.In this comparison we can see Amazon payment system is the cheapest system.

Amazon Payments	PayPal	Through Your Bank	Stripe
This merchant payment solution offers you rate flexibility based on transaction volume	PayPal offers three scalable merchant solutions – Standard, Advanced and Pro	This is third payment system as cheap cost	Stripe charges 2.9% + $0.30 per transaction with no setup or monthly fees.