5 Most Popular Online Payment Systems

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When it comes to online business than the most important instrument is the flexible payment processing which allow users to do transactions online without any hesitation. Everyone looks forward for a best solution which provides competitive low rates with better customer service. In this post we will consider some of the most used payment processing platforms.

authorize-net Authorize.net is the most widely used platform with 375,000+ Customers and more than $88 Billion annual transaction volume. It is the best solution for e-commerce sites. Broadly used e-commerce platforms like Magneto & X Cart are capable of accepting payment through Authorize.Net.

Fees:

Authorize.Net has a onetime setup fee of $99. Monthly fee $20 for a payment gateway account with $0.10 transaction fee.

paypal Paypal is the world’s most roughly used payment platform with 132 million registered active accounts in 193 markets. You can make payments directly through credit card or with your existing account anytime.

Fees:

Payment charges 2.9% + $0.30 per transaction and has no setup or monthly fee.

skrill Skrill is also the best alternative for online payment solution. Over 36 Million accounts and 135,000 merchants trust them to send and receive money worldwide. It is also supported by many individual webmasters and webhosting companies. Skrill is famous for their online gaming services.

Fees:

Withdrawal fee is around $2.39 – $4.65 and sending money cost 1% (up to $0.67).

dwolla Dwolla is Des Moines-based payment network and a newcomer in third party payments space. It is considered as a direct competitor to Paypal because of the lowest fees. But as a new comer in payment processing it doesn’t have the same name recognition as its competitor has.

Fees:

Dwolla charges nothing for transaction less than $10. For transactions over $10, $0.25 is charged per transaction.

wepay Wepay is a payment processing website which accepts variety of transactions. Customers can easily send invoices, charge credit cards and accept payments directly on their website. It is a best platform to start receiving payments online.

Fees:

With no hidden monthly and setup fees it charges 2.9% + $0.30 for credit cards payments and 1% + $0.30 for bank payments.

Conclusion:

There are plenty of other online payment options available. It is not the comprehensive list, if your favorite payment processor is not in the list than share it with us and if you are using any of these than don’t forget to give us a review. From your reviews we can keep the all major options in the bag.

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Siraj Wahid

Siraj Wahid is a blogger, he is interested in web developing and marketing. His specialty is Search Engine Optimization. He is working on blogs since years and now he is struggling to serve others. You can follow him on .

Comments

  1. That is a truely interesting list – I actually have never heard of some of those methods of payment… It would be interesting to know what the advantages of the one method versus the other is?
    I am only familiar with PP and Paysafecard along with CCs… haha simple and easy that is the key!

    • Siraj WahidSiraj Wahid says:

      Ummm, It’s really nice idea to show the advantages in versus manner, i will try my best to write my next article (related to payment processing) in versus manner. By the way, you must try Skrill, i mostly use it and it’s compelling :)

      • Hey – thanks for the response, I wasnt expecting one! ;)
        What makes it so compelling in regards to other methods? I mean what is the difference between it and PP or the paysafecard, for example? Is it something significant (fees, etc) or is it just a preference thing?

  2. The article is very interesting. Thanks’!
    It would be interesting which of the online payment the saftiest are?

  3. Hello,
    Thank you for the list. Yes, the choice depends on different aspects (type of business, type of clientele..) but they are all safe. They are for sure the most used but let’s not forget that there are also smaller providers that also guarantee quality.

  4. Hello there, thanks a lot for bringing up this list before us buddy. But besides so many options paypal is opted first.
    Mosam recently posted…How to Add Grayscale Effect on Mouseover with CSS3My Profile

  5. Hello Siraj,
    Well, have you tried out 2CO or 2CheckOuts? If not then do check it. If you want to have the transaction in INR, this one is very helpful, especially I recommend to every Indian blogger.
    Charmie recently posted…Amazing facts and figures about “140-bounded” giant TWITTER.My Profile

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