Независимость платежной системы от политических событий

Самое важное в выборе подходящего варианта найти и выделить приоритеты для пользования картой. Функции всех карт практически одинаковы – зачисление и выплата денежных средств, финансовые переводы внутри платежной системы и на другие карты, конвертация валют, хранение денег, оплата услуг и товаров. Различия будут ощутимы в стоимости обслуживания, распространения терминалов и банкоматов системы, возможности привязки дополнительных карт и валютных счетов.

Visa и MasterCard – американские продукты, которые появились в 1958 и в 1966 году соответственно. До 2015 года они занимали преобладающие позиции в России – до 90%. Американское происхождение говорит о том, что базы данных клиентов и обслуживающие системы расположены на родине компании, что может вызвать определенные риски для данных клиентов из других стран. Россиян напугали американские санкции 2014 года, которые не давали стабильно совершать денежные операции в системах Visa и MasterCard. Никто не мог дать точной информации, когда клиенты смогут полноценно использовать свои финансовые сбережения с банковских карт. К счастью бизнесмены сумели договориться и работоспособность восстановлена, но сомнения в надежности остались.

Отечественная платежная система МИР заработала в 2015 году, а полноценно функционировать начала с 2016 года. Национальная система изолирована от внешних вмешательств и хранит всю информацию о клиентах и денежном обороте внутри страны. Другие участники финансового мира никак не могут повлиять на ее работу в России, значит она будет работать стабильно несмотря на запреты и ограничения вызванные политической обстановкой.

Безопасность данных пластиковых карт

Несмотря на небольшой опыт работы, национальная платежная система в безопасности финансовых средств и данных клиентов не уступает западным аналогам. Карты всех трёх систем могут быть как именные, так и анонимные. В разных странах Европы и мира карта является подтверждением личности. Имя, указанное на карте должно соответствовать имени покупателя. При оплате за границей у клиента могут попросить предъявить документы, чтобы избежать мошенничества, фишинга и воровства денег с карт. Также при оформлении займа на карту микрофинансовая организация просит указывать данные именных банковских карт по этим же причинам.

Также карты могут быть эмбосированные и неэмбосированные – в первом случае имя владельца и код карты выгравированы или вдавлены по специальной технологии, что усложняет подделку документов. К примеру, в некоторых МФО можно взять займ без паспорта – на основании указанных данных в интернете, тогда карта будет полноценным инструментом верификации.

Специальные чипы, которыми оснащаются современные пластиковые карты поддерживают бесконтактные оплаты – пользователь может оплачивать покупки в одно касание. Кроме этого, каждая карта имеет логотип платежной системы, голограмму и магнитную полосу. На карте кроме имени должен быть указан срок действия карты и её номер – эти данные пригодятся для оплат в интернете.

Базовая валюта платежной системы

Национальная платежная система МИР базовой валютой выделяет российский рубль. Это необходимо учитывать при безналичной оплате в других валютах. Для Visa базисная валюта – американский доллар, для MasterCard – доллар и евро. При обмене или оплате картой в других странах, платежная система всё будет переводить сначала в базовую валюту, а потом в необходимую клиенту. Сложная схема может быть еще и невыгодной – двойная комиссия банка-эмитента. Такая информация пригодится путешественникам, предпринимателям и всем, кто совершает иностранные денежные переводы.

Для любителей заграничного интернет-шоппинга, платежная система МИР не подойдет. Пока к платежной системе присоединился только сервис AliExpress. В случае покупки с европейских и мировых сайтов лучше пользоваться международными картами Visa или MasterCard.

Распространение платежной системы

В мире наибольшее распространение получила международная платежная система Visa, она обслуживает 57% карт всего мира, за ней – MasterCard с 26%. В России все три продукта можно использовать без проблем. Карта МИР обслуживается только на территории России. Для того, чтобы получить возможность использовать её за рубежом, необходимо получить кобейджинговый вариант – карту МИРа и другой партнерской платежной системы: американской Maestro, японской JCB или китайской UnionPay. В России кобейджинговая карта работает в системе МИР, а за границей – с международной системой. Но уже сейчас проходит множество двусторонних встреч для развития географии действия национальной платежной системы и совсем скоро МИР станет международной платежной системой, ведь все технические данные соответствуют мировым требованиям.

Бонусная система платежной системы

В связи с недостаточным распространением карты платежной системы МИР имеют достаточно скудный выбор бонусов и скидок для своих клиентов. Visa и MasterCard более клиентоориентированы и могут представить более широкий выбор карт для специальных потребностей: карты с накоплением миль от авиакомпаний, карты с повышенным кэшбэком в партнерских магазинах и многие другие. Но национальные карты могут обладать функциями, рассчитанными специально для россиян: объединение банковской карты и единого проездного.

Платежная система МИР появилась сравнительно недавно и есть надежда, что вскоре она будет предоставлять все нужные функции, бонусы и скидки не хуже, чем западные аналоги.

Банковская карта – необходимый элемент современного финансового рынка. Всё больше россиян поддерживают безналичные оплаты и пользуются интернет-банкингом вместо стационарных отделений. Правильный выбор платежной системы поможет сэкономить средства и получать максимум возможностей от использования карты.

Visa или Mastercard: какая платежная система лучше?

Visa: характеристика платежной системы

Прежде чем перейти к характеристике Визы, для начала необходимо разобраться с понятием “платежная система”. Система, с помощью которой возможно осуществлять денежные переводы в электронной или физической форме, совершать расчеты, регулировать финансовые обязательства между сторонами и не только, называется платежной системой.

Существует два вида систем, а зависимости от территориальных расположенности: отечественные и международные. Внутри страны функционирует национальная система МИР, а Visa относится к международным. Основанная еще в прошлом столетии, в 1970 году в Сан-Франциско, она не утратила популярности, а наоборот – продолжает занимать лидирующие позиции: количество обслуживающих ее банкоматов по всему миру около 1 миллиона. Стоит заметить, что основной валютой платежной системы Виза является американский доллар.

Mastercard: в чем плюсы и минусы использования?

MasterCard считается главным конкурентом системы Visa. Эта платежная система появилась в Америке еще в 1966 году и сейчас уверенно держит свои позиции в числе лидеров среди пользователей – она охватывает 25% от всемирного рынка, а основная ее валюта – евро.

Visa и Mastercard: отличия

На первый взгляд, существенных отличий между платежными системами нет, пока клиент пользуется ими на территории России, где основной валютой является рубль. Но, на самом деле, огромная разница между Visa и Mastercard состоит именно в конвертации денег из одной валюты в другую, что ощутимо при поездках за границу.

У системы Visa основная валюта – американский доллар, у MasterCard – евро. Комиссия за обмен денег взимается и в первом, и во втором случае по курсу банка к которому принадлежит банковская карта. Она может составлять от 0,1 до 5% за операцию. Соответственно, чем меньше их произведено, тем выгоднее для клиента.

Если путешествовать с картой Виза и при этом обналичивать деньги со счета, которые находятся там в рублях, то:

• узнать курс, по какому будет произведена конвертация денег, возможно сразу при совершении операции;
• оплачивая покупки в евро, конвертация будет происходить дважды: сначала в доллары, а позже – дополнительно в евро. Отсюда получается, что комиссия будет выплачена дважды, что для клиента вовсе не выгодно.

При путешествии с Mastercard:

• курс обмена денег возможно узнать уже после оплаты;
• конвертация при оплате в евро будет проводиться единожды в евро. Для покупок в долларах – дважды: сначала в евро, потом в доллар.

Виза или Мастеркард – что выгоднее?

Точно ответить на вопрос, какая же система лучше и выгоднее невозможно. В нашей стране банков-партнеров Mastercard более ста, что на 20 выше от Visa. По этому параметру он лидирует, как и по количеству охвата стран по всему миру – их более 210 против 200 у Визы.

В остальном все одинаково: высокая гарантия безопасности использования и технологии, которые с легкостью могут защитить карты от мошенников как при осуществлении покупок в Интернете, так и при работе с банкоматами и терминалами, бонусные программы и привилегии для постоянных клиентов, возможность открытия карты с процентом на остаток, а также широкая география использования – идеальные банковские карты для путешествий. С помощью обоих денежных систем можно снимать деньги с киви-кошелька, выводить яндекс деньги на карту, и других.

Интересно также то, что обе платежные системы выпускают мини-форматы своих банковских карт: их удобно носить с собой как брелок, а функционал у них такой же, как у обычных. Единственная отличительная особенность – их нельзя вложить в банкомат.

Visa или Mastercard: что выбрать?

Выбирая платежную систему для банковской карты, лучше учитывать свои потребности: если в планах состоится поездка в страны Евросоюза, лучшим вариантом является именно Mastercard. Если в страны Америки – соответственно, Visa.

Стоит заметить, что если хотите поехать на Кубу – лучше заранее узнать, какая там валюта в ходу. Дело в том, что политическое состояние этой островной страны в отношении США мало стабильно и постоянно идут в изменения. Поэтому, во время обмена на евро в тамошних банкоматах могут проценты и вовсе не взиматься, при конвертации на доллар же – могут достигать 10%.

Самым лучшим вариантом будет прикрепить банковские карточки к разным платежным системам одновременно: для удобства и экономии денежных средств в путешествиях. Либо можно оформить несколько дебетовых карт – для разных функций. Советуем остановить свой выбор на именных картах — они имеют больше функций и преимуществ: например, на именную карту возможно оформить срочный займ на карту. При оформлении банковского продукта лучше сразу узнать размер процента, который будет сниматься банковским учреждением, и выбрать для себя наиболее оптимальный вариант. Но получить деньги в долг на только что оформленную карту не получится – займы на карты с нулевым балансом МФО не выдают, поэтому потенциальному заемщику придется ее пополнить.

виды и критерии — Ringostat Blog

Согласно отчету Global Digital 2018, 23% жителей планеты покупают потребительские товары онлайн, и за последний год это число выросло на 8%. Поэтому бизнесу важно предусмотреть удобный способ оплаты на сайте, а то и несколько. Разбираемся в видах платежных систем, критериях выбора и подводных камнях.

Виды платежных систем

Интернет-эквайеринг

Пользователь может расплатиться собственной картой в специальном интрефейсе на сайте продавца. Перед тем, как поступить получателю, платеж проходит через процессинговый центр. Этот центр может принадлежать самому банку или являться отдельной организацией-посредником.

Банк-эквайер — это банк, принимающий оплату, банк-эмитент — банк, которому принадлежит карта плательщика

Источник изображения: obeznal.ru

Подключая интернет-эквайеринг, компания платит за:

• осуществление транзакции;
• взаимодействие сторон и проверку платежа с помощью систем безопасности;
• связь между банками;
• доступ к счету покупателя.

Особенности

1. Высокая безопасность — в интернет-эквайеринге используются защитные технологии 3-D Secure и SecureCode для карт Visa и Mastercard.
2. Для использования этой услуги компания должна заключить договор с кредитной организацией или процессингом. Поэтому подходит она только для юридических лиц или индивидуальных предпринимателей.
3. Если оплаты проходят нечасто и в небольшом объеме, то процент, который взимается с транзакций, может быть высоким. Это минус для малого бизнеса.
4. Для подключения пользователь должен самостоятельно создать и поддерживать техническую инфраструктуру на своей стороне.
5. Процесс оформления договора может быть довольно долгим. Представитель бизнеса должен заполнить заявку, собрать пакет документов, передать банку и ждать верификации.

Платежные шлюзы

Шлюз выступает посредником, который обрабатывает транзакции и занимается маршрутизацией платежа. Это аппаратно-программный комплекс, который сам не взаимодействует с деньгами — а просто направляет платежи банкам-эквайерам.

Источник: psm7.com

Платежные шлюзы взимают комиссию за операции, которые проводят через них — ее процент зависит от оборота. В некоторых случаях также придется заплатить и за подключение.

Особенности

1. Главное преимущество — шлюз предоставляет единый интерфейс для платежей через несколько банков. Если произойдет сбой, то можно легко переключиться с одного на другой. Также он позволяет принимать оплату как с помощью традиционных платежных карт, так и через электронные банковские платежи, электронный кошелек.
2. В идеале, шлюз должен соответствовать стандартам PCI DSS, а информация — шифроваться для безопасности платежей.
3. При использовании этого вида платежных систем ниже риски во время движения денежных средств. Ведь система не накапливает у себя платежи, а просто отправляет. То же самое касается чарджбэков. Чарджбек или возвратный платеж — процедура опротестования транзакции банком-эмитентом для защиты прав плательщика.
4. Под каждый способ приема платежей компании придется заключать отдельный договор. Подключение согласовывается с конечными платежными системами. Шлюз подает им заявку на рассмотрение, поэтому это может занять какое-то время.
5. Комиссия взимается только за услуги шлюза. Размер ставки и детали платежей бизнес должен все равно должен обсуждать с банком. Для крупных компаний это плюс — потому что так можно повлиять на размер комиссии.
6. Подключение шлюзов требует больше времени, чем в случае с агрегаторами, описанными ниже. Зато кроме стандартных решений они обычно предоставляют гибкие настройки.

Платежные агрегаторы

Агрегаторы объединяют несколько способов приема платежей. Компании не нужно заключать договор с каждым сервисом, настраивать разные API — достаточно подключить только его.

В отличие от шлюза, агрегатор взаимодействует с деньгами клиента, проводя все расчеты через себя, и чаще всего является небанковской кредитной организацией. На сумму комиссии агрегатора влияют оборот, тип бизнеса и способы оплаты — на каждый из них устанавливается отдельный процент.

Источник изображения: Onpay.ru

Особенности

1. Подключаться к агрегатору быстро и просто. Такие сервисы требуют минимальный пакет документов и предлагают готовые модули для подключения в CMS и документацию.
2. Ваши клиенты получают возможность выбирать из нескольких способов самый удобный для них. Например, банковской картой, электронным кошельком, наличными в терминале и т. д.
3. Агрегатор предлагает единую ставку, которая состоит из его комиссии и банка-эквайера — и не индексируется в зависимости от изменения оборота компании. Договориться о другой ставке с банком, как в случае со шлюзом, не получится.
4. После поступления платежа за деньги отвечает не банк, а агрегатор. Он сам решает, когда делать выплату. Если на стороне агрегатора будут проблемы, то это может задержать ее. Это вполне вероятный сценарий при большом количестве одновременных возвратов.
5. Агрегатор не предоставляет дополнительных услуг, связанных с безопасностью платежей. Поэтому он лучше всего подходит для малого и среднего бизнеса с низкими рисками.

Операторы электронных денежных средств

Электронные денежные средства или ЭДС — это эквивалент «живых» денег, которые хранятся на электронных кошельках. Такие средства учитываются всеми кредитными организациями без открытия счета. Операторы ЭДС — это организации, которые позволяют переводить  электронные деньги без открытия банковского счета и связанных с ними других банковских операций. 

Особенности

1. Для получения оплаты с помощью операторов ЭДС нужно подать заявку, подписать договор и интегрироваться с платежной системой и банком.
2. Такие системы повышают доверие пользователей, потому что им не надо переходить на незнакомые сайты, чтобы сделать оплату.
3. Перед тем, как компания получает разрешение, сайт должен пройти проверку на соответствие требованиям. Иногда это может занять даже неделю.
4. Ритейлер получает перевод за все платежи только в конце срока, оговоренного в договоре с оператором. Обычно этот срок составляет максимум три дня.

Это не все способы, которыми онлайн-бизнес может получать оплату от клиентов. Существуют платежи через терминалы, или оплаты, при которых средства списываются со счета мобильного телефона. Но принцип их работы достаточно прост и они не так популярны в современном ecommerce, поэтому рассматривать их мы не будем.

Требования к сайту

В зависимости от того, какую платежную систему вы подключаете, требования могут меняться. Мы приводим основные из них.

1. Полноценное наполнение контентом и работающие внутренние ссылки. Не должно быть недоработанных или незаполненных страниц.
2. Сайт должен располагаться на домене второго уровня. Например, example.com — домен второго уровня, example.somesite.com — домен третьего уровня.
3. Название компании, ее юридический и фактический адрес, подробное описание товаров и услуг, которые предоставляет ритейлер.
4. Продукция или услуги, представленные на сайте, не противоречат законодательству, этическим нормам, не носят криминальный характер.
5. Наличие цен — в национальной валюте и/или ее эквиваленте в иностранной.
6. Описание процедуры заказа товара и возврата денежных средств, условий и сроков доставки, пунктов выдачи.
7. Статический IP-адрес, размещение не на бесплатных серверах, предоставляющих услуги хостинга. Единое доменное имя для всех страниц, связанных с интернет-магазином.
8. Логотип платежных систем на сайте, карты которых принимает интернет-магазин.
9. Если на сайте есть личный кабинет, то процесс регистрации и авторизации должен быть защищен HTTPS. Если личного кабинета нет, то с его помощью должен быть защищен процесс оформления заказа.
10. Реквизиты карты можно запрашивать только на странице с защищенной платежной формой, которую генерирует сервис-провайдер.
11. Политика неразглашения данных о клиенте.

Если сайт не соответствует требованиям, ритейлер должен его доработать. После этого он может снова подать заявку на подключение банковской системы.

Ключевые критерии при выборе платежной системы

Мы попросили рассказать о них Алексея Гришко — основателя и арт-директора агентства Masters. Ему не раз приходилось выбирать платежные системы в процессе создания сайтов для клиентов.

1. География платежной системы — убедитесь в том, что платежка работает в тех странах, клиентов из которых вы хотите обслуживать.
2. Процент на транзакции. Узнайте, сколько система будет забирать с каждой транзакции денег и учтите это при ценообразовании. Внимательно читайте документацию, чтобы вовремя заметить скрытую комиссию. Например, банк может не указать тарифы на проведение платежа по карте и назначить комиссию индивидуально.
3. Условия вывода средств. Первым делом убедитесь, можно ли вообще обналичивать средства в вашем регионе. Например, с PayPal обналичить на сейчас в Украине не получится. У каждого своя политика, и могут быть подводные камни.
4. Логика работы платежки — это агрегатор или прямой платежный шлюз? От этого зависит то, как пользователь будет оплачивать и откуда вы впоследствии будете выводить деньги.
5. Технические условия подключения — они напрямую зависят от того, на какой платформе разрабатывается ваш сайт. Работает ли система как плагин, через открытый API или по-другому принципу. Например, если сайт разработан на конструкторе WordPress или Tilda, вы сможете самостоятельно подключить плагин. Если же сайт самописный, даже на том же WordPress, то нужно работать через код.

Это базовые принципы, которые нужно в первую очередь учитывать при выборе платежки. А уже дальше можно обращать внимание на качество работы техподдержки, интерфейс и прочие тонкости.

Например, мы в Ringostat при выборе платежной системы в первую очередь обращали внимание на рынки, методы, оплаты, комиссию и API. Также рекомендуем узнать сроки вывода денег и узнать отзывы пользователей на этот счет.

В второй части мы рассмотрели пять платежных систем, которые хорошо подходят для SaaS и ecommerce.

Если вы нашли ошибку — выделите её и нажмите Ctrl + Enter или нажмите сюда.

90000 A Guide to Choosing the Best Payment Gateway for your Business 90001

90002

90003 90004 90005 Written by Professional Academy Guest Blogger John Hawthorne 90006 90007 90008

90003 If you’re running an online business, you need a way to accept payment. After all, you’re not running a charity. You’re trying to get your product or service in the hands of as many people as possible. 90008

90003 But choosing the proper payment gateway can be a confusing experience.So many different things to consider! So many different options! Which is the right one? Does it even matter which one you choose? 90008

90003 Yes … it does. 90008

90003 In this post, we’re going to examine the most popular payment gateways to help you decide which one is right for your business. Then we’re going to give you two important questions to ask before selecting your gateway. 90008

90017 What Is A Payment Gateway? 90018

90003 Simply put, a payment gateway is how you accept customer payments on your website.Unless you’re running a shady side business that only accepts suitcases full of cash, you’ll need some method of accepting credit cards on your site. Hence, the payment gateway. 90008

90017 Choosing the right payment gateway is crucial for several reasons: 90018

90023 90005 1. Costly lost sales. 90006 90026

90003 If your payment gateway does not work properly or look professional, people will abandon their shopping carts, costing you precious sales. 90008

90023 90005 2. Customer confidence.90006 90026

90003 You want customers to feel like you’re a legitimate business, which means you need to accept widely used forms of payment. 90008

90003 When you only accept a single, obscure type of credit card, people will not purchase from you. 90008

90003 According to WorldPay, alternative payment methods (other than debit and credit) are going to account for up to 59% of all transactions in 2017, and your payment gateway must be able to handle that variety. 90008

90023 90005 3. Conversion rates.90006 90026

90003 If customers do not have a smooth checkout experience, they will vanish quicker than Donald Trump sending out an ill-advised Tweet.Your payment gateway should be quick, effective, and able to handle a variety of transactions. 90008

90003 In fact, a survey by YouGov found that a whopping 50% of people would cancel their purchase if their preferred payment method was not available. 90008

90023 90005 4. Cost. 90006 90026

90003 Unfortunately, payment gateway companies are not providing their services out of the goodness of their hearts.They need to make money as well, and to do that they charge a variety of fees. Some charge an initial signup fee plus a transaction fee, while others are free and charge a transaction fee. When choosing your gateway, you want to evaluate the overall cost to your business. 90008

90003 Thankfully, you have several outstanding options to choose from when it comes to payment gateways. Let’s look at a few of them. 90008

90017 PayPal 90018

90057

90003 Typically, PayPal is used as an «alternative» payment gateway in addition to a standard debit / credit processor, and it works well for those who do not want to enter their information directly into a website.90008

90023 90005 Average Cost: 90006 90026

90003 2.9% + $ 0.30 transaction fee 90008

90023 90005 Advantages: 90006 90026

90003 Familiar name to almost all customers, meaning they feel safe using it. 90008

90003 Large user base (165 million people). 90008

90003 Many people already have money in their accounts, making it simple to purchase through PayPal. 90008

90003 Handles international payments effectively by serving local currencies. 90008

90003 Works across all platforms since it is hosted on a separate site.If you use PayPal Express, you can avoid redirecting to another site. 90008

90023 90005 Disadvantages: 90006 90026

90003 It’s more expensive. Some account may see monthly fees in addition to transaction fees. 90008

90003 If you do not use PayPal Express, customers will be redirected to another site, possibly hurting your conversion rates. 90008

90017 Stripe 90018

90090

90003 Stripe has become a big player in the payment gateway market in recent years, allowing merchants to easily integrate it with their websites.This simple difference can mean a jump in conversion rates since customers do not need to leave the site. 90008

90023 90005 Average Cost: 90006 90026

90003 2.9% + $ 0.30 transaction fee. 3.9% fixed international fee. 90098
90008

90023 90005 Advantages: 90006 90026

90003 Accepts 6 credit cards types versus the 5 that PayPal accepts. 90008

90003 Can be cheaper than PayPal since there are no monthly account fees. 90008

90003 Accepts more currencies than PayPal. 90008

90023 90005 Disadvantages: 90006 90026

90003 Still somewhat expensive to use with a 2.9% transaction fee plus 30 cents per transaction. 90008

90003 It requires integration with websites, meaning some technical assistance may be required. 90008

90003 They only provide email support. 90008

90017 Amazon Payments 90018

90122

90003 If you’ve purchased something on Amazon, you know how incredibly simple it is. Many times you can order things with a single click, which can be dangerous when you’re lacking impulse control. Amazon built their payment gateway to allow you to give customers the same smooth, seamless checkout process.90008

90023 90005 Average Cost: 90006 90026

90003 2.9% + $ 0.30 per transaction and a $ 20 chargeback fee 90008

90023 90098
90005 Advantages: 90006 90026

90003 Customers can use their Amazon 1-click information, which can dramatically increase conversions. 90008

90003 Amazon is a trusted ecommerce name and brand. 90008

90003 Sellers are protected against fraud through Amazon. 90008

90023 90005 Disadvantages: 90006 90026

90003 For some bizarre reason, Amazon only lets customers purchase 20 items in a single transaction.If you anticipate selling more, this could be a problem. 90008

90017 Authorize.net 90018

90150

90003 Authorize.net has been in the payment gateway space for a long time (since 1996), and they have a lot of experience. They offer quite a few features that other companies do not, and they’re owned by Visa, so you’re dealing with a reputable company. Unfortunately, they’re also pretty pricey. 90008

90023 90005 Advantages: 90006 90026

90003 Numerous features available found nowhere else, such as various security settings, fraud protection services, and subscription handling.90008

90003 Very good support team available to help when you run into issues. 90008

90003 Owned by Visa. 90008

90003 Easy to integrate across a variety of platforms. 90008

90023 90005 Disadvantages: 90006 90026

90003 It’s expensive. Yes, it offers more features, but you’re paying more for those features. 90008

90003 It requires some additional steps to ensure you’re in legal compliance. 90008

90003 It requires a merchant account. 90008

90003 If you decide to move off the Authorize.net platform, it can get very complicated to transfer your data. 90008

90017 WorldPay 90018

90179

90003 WorldPay has been processing payments since 1994 giving them a large amount of experience in the payment gateway arena. They’re a large company, with over 150,000 clients in the United States alone. They do require a contract, however, which can be a significant downside. 90008

90023 90005 Average Cost: 90006 90026

90003 Signature debit transactions at 0.99%. Standard credit transactions at 1.99%. Rewards credit transactions at 2.6%. Corporate, T & E, Keyed-In credit transactions at 3.30%. $ 0.20 per-transaction fee. 90008

90023 90005 Advantages: 90006 90026

90003 Lower transaction rates. 90008

90003 Larger company. 90008

90023 90005 Disadvantages: 90006 90026

90003 3-year contract required with a cancellation fee if you opt out early. 90008

90003 Numerous fees and charges which can hurt profits. 90008

90003 Poor customer service. 90008

90017 Two Considerations When Choosing Your Gateway 90018

90003 When deciding on your payment gateway, you need to ask yourself at least two questions.90008

90023 90005 1 — Will it easily integrate with my website / platform? 90006 90026

90003 If it will cost you time and money to integrate your payment gateway into your website, you may want to consider choosing another. Also, if you have an older site or platform, the gateway may not easily work with your setup, requiring you to upgrade. 90008

90023 90005 2 — Will this gateway help my business grow? 90006 90026

90003 Does the payment gateway offer an incredibly smooth checkout process for customers? Are they any weird delays or hitches? Are customers forced to use another website.You want to create a seamless, simple, hassle-free process for your customers. 90008

90003 It’s tempting to choose the solution that costs the least, but that’s not always the ideal choice. Ultimately, a low cost solution can drive customers away through an unpleasant checkout experience. Put yourself in the shoes of your customers. What will keep them coming back again and again? 90008

90017 Conclusion 90018

90003 Growing a business is exciting. Seeing sales come pouring in is a shot of energy that helps you keep going even when things get tough.Choose the payment gateway that will work best with your company. Take time to do the research and read the reviews. Ask other online business owners what gateway they’ve used. 90008

90003 Yes, it may be tedious, but it’s worth your time. And money. 90008

90003 Want to continue your personal development? Whether you work in Management, Sales, Marketing or Digital Marketing, Professional Academy can provide you with training and development. Want to know more? Download a Prospectus today, or contact a Qualifications Advisor.90008

90232

Return

.90000 7 Payment Methods for Freelancers (And Which is Best) 90001
90002 Is the gig economy going to take over the future workforce? Around the world, both professionals and students are turning towards freelancing to grow their careers. 90003 90002 Worldwide, more than half of freelancers are under 30 years old. And only 6% are over 50. With the younger generations taking to freelancing by the millions, it’s only plausible to think this will become the way of the future. 90003 90002 While there are 55 million freelancers in America, the majority of the world’s freelancers reside in Europe — 35.5% to be exact. To give you some perspective on this, only 4.1% of the freelancers are in North America. 90003 90002 You’ll also find freelancers are some of the most hardworking groups of people, with the majority working between 30 and 50 hours per week. 90003 90002 And another 80% are managing between one and three projects at a time. 90003 90002 Unfortunately, getting paid on time for all of their hard work is not always the case. According to PayPal, 58% of freelancers in four major Asian countries are not getting paid on time.90003 90002 One way to make getting paid easier as a freelancer is to use convenient freelance payment methods. 90003 90002 Not sure what’s out there and which are the best to use? We’re here to help. 90003 90002 Let’s review the pros and cons of the various payment methods for freelancers so you can make a more informed decision. 90003 90020 1. ACH Freelance Payments 90021 90002 When you work for an employer who offers direct deposit, they send you ACH money transfers directly to your bank account.ACH stands for Automated Clearing House and is used for bank transfers. 90003 90002 In most cases, it’s the sender (the client) who has to pay the transaction fee, which can range between 0.50 cents to $ 10, depending on the financial institution. 90003 90002 As a freelancer, this is a great option because you do not have to worry about paying fees. Also, if you’re in no rush to receive your payments, then this is a good choice. 90003 90002 It can sometimes take 2-3 business days to process payments, depending on the banks involved.For some freelancers, this may be a con. 90003 90002 Also, if you’re located outside of America, then ACH is not an option for you since you must have a US bank account. 90003 90020 2. Transferwise Payment Options 90021 90002 If you’re interested in a bank transfer service and you reside in London, then Transferwise is a good choice. This is based in London and has been around since 2011. 90003 90002 What makes this freelance payment method attractive to many is that it transmits payments directly in the recipient’s currency.If you’ve done business with clients in another country, then you know how annoying multiple currency conversions can be. 90003 90002 Needless to say, this payment method is cost-effective for freelancers based in Europe. Another positive about this option is that you can get paid within 10 hours for an ACH bank transfer, 12 hours for a Swift transfer, and 36 hours for a bank transfer. 90003 90002 Then based on the bank you have and the fees charged will determine if it’s a cheaper option for non-US-based freelancers.The fees are also dependent upon the rate you bill your client. 90003 90002 As for the negatives, the fee Transferwire charges is sometimes unattractive. There’s a charge of 1% of the total you bill to clients. 90003 90002 So if you charge $ 1,500, then you’ll have to pay $ 15 in fees. Then you also have to worry about the exchange rate. 90003 90002 This is set somewhere around the mid-market rate range. 90003 90020 3. PayPal Online Payments 90021 90002 Digital payments are the go-to choice for many freelancers around the world.You can look at PayPal as the pioneer of the online payment platform industry. 90003 90002 It’s been out since 2002 and is in 200 different countries. Another key benefit is that it sends money to your account instantly — but only if sent from another PayPal account. 90003 90002 If sent from a bank account, then you must wait around 3 business days for the payment to process. Also, getting a PayPal account is free and simple to do. 90003 90002 All you need is a bank account to attach to your PayPal account.Then you have to verify your account by entering the two small payments PayPal makes to your bank account. 90003 90002 But as with any payment method, there are cons. For PayPal, it revolves around its fees. For starters, the fee for receiving payments (paid by the freelancer, unless the client opts to do so) is 2.9% + 0.30 USD. 90003 90002 So if you billed a client for $ 1,000, then you’ll pay PayPal $ 29.30. Then if you’re based outside of the US, then you have to also pay a currency conversion rate of 2.5%. 90003 90002 In most cases, banks have a lower exchange rate. 90003 90020 4. Payoneer Digital Payments 90021 90002 Here’s another company based in the US that offers online payment services to freelancers. It too is in 200 countries around the world and offers payment processing in 150 different currencies. 90003 90002 There are some popular sites already using this platform, including Newegg, Amazon, Airbnb, and Google. 90003 90002 What makes this platform promising is that you can receive payments from countries around the world in the same way you would if it were done locally — within your currency.Then if you’re a freelancer in Europe, America, UK, China, or Japan, then you do not have to pay any extra conversion fees. 90003 90002 The payments received are also quick compared to wire transfers and other traditional forms of payment. In most cases, you can get access to your funds within two to six hours. 90003 90002 On the downside, Payoneer charges you 3% and 1% if you do not go through the platform or if your clients pay you with an eCheck or credit card. 90003 90002 Also, if you’re outside of the countries listed above, then you’re charged an additional 2% above the mid-market rate for currency conversions.There’s also the complaint that it takes a long time to get approved for a Payoneer account. 90003 90002 So if you opt for this freelance payment method, then be sure to open your account well in advance of billing your clients. 90003 90020 5. In-Person Cash Payments 90021 90002 Then there’s the old-school way of running a business — accepting cash payments. To date, there’s no business that will not accept cash. 90003 90002 However, this does limit you in a number of ways. For instance, you have to be in-person to receive payment.You never want to risk having a client mail you money due to the potential of it being lost or stolen. 90003 90002 Then there are the currency issues — imagine accepting cash payments from clients from multiple countries. You’d have to manually go to a bank to convert the currency for you. 90003 90002 While cash payments are reliable forms of payment — it’s best to use it when you’re dealing with customers locally. 90003 90002 But also keep in mind that it’s not convenient for most customers who will have to withdraw money from their bank and come to your place of business to pay you.90003 90020 6. Paper Check Payments 90021 90002 Here’s another old method that’s been the staple of business payments around the world. But that’s quickly changing, thanks to e-checks and online payments. 90003 90002 Unlike with cash, checks can be mailed to your business. But there’s still the risk of the check being lost, damaged, or stolen. 90003 90002 There’s also the risk of your client’s personal information being stolen by identity thieves. 90003 90002 However, you’ll still come across big companies that still prefer to make payments by check.By accepting this form of payment, you could land yourself bigger clients. 90003 90002 But there’s still the risk of the check bouncing and then you have to make trips to the bank to cash it. 90003 90020 7. Plastic Payments — Credit and Debit Cards 90021 90002 Just about everyone today has a credit or debit card they use for paying day-today expenses. As a freelance business, you can accept debit and credit card payments using a number of online platforms. 90003 90002 For example, you can use PayPal, Stripe, and Mollie.These platforms allow you to accept all major credit cards, including Visa, Mastercard, Discover, Amex, and so on. 90003 90002 Mollie takes it a step further and accepts other payment types, such as Bitcoin. 90003 90002 Then many of these platforms, including Stripe and PayPal, offer in-person card readers you can use to accept card payments in person. 90003 90002 Both forms are great because it allows customers to choose how they want to pay you. They can do it virtually online or whip out their card when doing deals in person.It beats having to go to the ATM or bank to pay by cash. 90003 90002 And freelancers do not have to worry about the payment bouncing. 90003 90020 Choosing the Best Freelance Payment Method 90021 90002 At the end of the day, selecting the best freelance payment method comes down to multiple factors. For example, you need a platform that’s accepted in your country and that suits your business needs. 90003 90002 Bank transfers may not benefit your freelance business if you rely on immediate payments.Or maybe you’re more worried about currency exchanges, which means you need to find the cheapest platforms. 90003 90002 But you have to keep in mind that the best payments are those that are convenient for your clients. This way, you do not run into issues with receiving payments on-time and without issue. 90003 90002 So which payment options are you leaning towards? Let us know in the comments! 90003
.90000 The Best Payment Gateways For Online Businesses 90001 Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity. 90002 90003 Building an eCommerce business involves making a lot of choices. One crucial decision you might have overlooked is choosing the best 90004 payment gateway 90005 to allow your customers to make purchases on your site. Pick a good gateway, and you’ll be able to accept just about any payment method imaginable, interface with the online shopping cart of your choice, and, perhaps most importantly, easily be able to migrate your customer payment data to a different system if you later decide to change gateway providers.90006 90003 If you pick a not-so-great gateway, you may someday find yourself with a product that no longer meets the needs of your business — and no easy way to switch to a better one. 90006 90003 If you’re new to eCommerce, your first question might be, «Just what the heck 90010 is 90011 a payment gateway, anyway?» We’ll refer you to our payment gateway explainer article for a more detailed answer to this question. For now, here’s the ultra-simplified version: A payment gateway is a merchant service that provides the link between your eCommerce site and the payment processor that receives your customer’s payment, securely shuttling this sensitive data between the two.90006 90003 90004 Check Out Our Preferred Credit Card Processors 🏆 90005 90006 90003 * All of our preferred processors use fully transparent 90004 Interchange-plus 90005 pricing. 90006 90003 90010 We’ve done in-depth research on each and confidently recommend them. 90011 90006 90003 Very briefly, I’ll touch on the three different payment gateway setups you can have. You can find a merchant account provider that includes its proprietary gateway, as is the case with PayJunction, or partners with another company to offer a gateway as part of its regular service plan.Alternately, you can use a payment service provider (PSP), such as Stripe or PayPal, which offers a built-in payment gateway along with what is, essentially, one big collective merchant account for all its merchants. But wait! There’s a third option: you can find a merchant account provider with no gateway included and then sign up with a stand-alone gateway on your own, such as Authorize.Net. In this instance, your preferred payment gateway will still need to be compatible with your merchant account provider.90006 90003 In this piece, we’re going to recommend our top payment gateways. But first, let’s discuss the features you should watch for when choosing a payment gateway. 90006 90003 90004 Learn More About Our Top Picks 90005 90006 90003 90004 Other Featured Options: 90005 90006 90037 90038 Amazon Pay: Amazon Pay is an online-only third-party processor through which customers can make purchases, give donations, and set up recurring payments on a merchant’s website by making payments through their Amazon.com account. 90039 90040 90003 Read more below to learn why we chose these options. 90006 90043 What Features To Look For In A Payment Gateway 90044 90003 Most of the major gateways have a lot in common in terms of their core features. However, there are still ways to distinguish different providers in terms of the services and value they offer. 90006 90047 Supported Payment Types & Currencies 90048 90003 When you’re running an online store, you want to be able to accept payment 90004 a) 90005 from the greatest number of people globally as possible, and 90004 b) 90005 using the widest possible variety of payment methods.For example, almost every gateway on the market will support Visa and Mastercard credit card purchases. Support for less-common cards is not as easy to find. You might also want to consider supporting ACH or payments from mobile wallets (e.g., Apple Pay On the Web). 90006 90003 With eCommerce, it’s all about making sure nothing stands in the way of you accepting a potential customer’s business. Otherwise, you’re just leaving money on the table. 90006 90003 It’s a good idea to use site analytics to determine where visitors to your online store are coming from.As consumers from different countries tend to prefer using different methods of payment, you’ll need a gateway that both accepts the currencies your customers use as well as the payment methods preferred by said customers if you plan to cater to an international crowd. 90006 90047 Security 90048 90003 No eCommerce merchant ever wants to have their site hacked, and their customer’s sensitive payment data exposed in a data breach. Your gateway provider does not want this to happen, either, which is why every gateway on the market comes with security and encryption features to keep your account safe.90006 90003 Some of these features, however, are more effective than others. Look for point-to-point encryption (P2PE) and a gateway that meets Level 1 PCI compliance standards. Other features, such as data breach insurance, are also useful to have. You should also consider looking for features such as AVS checks, CVV checks, and even 3d Secure. 90006 90047 Data Portability 90048 90003 Some payment gateways (I’m casting side-eye at PayPal and Authorize.Net here) lock in your customers ‘payment information.That prevents you from taking your customers ‘credit card data with you in the event you switch payment gateway providers. That is not good for you as a merchant, as it forces you to choose between maintaining your current gateway provider indefinitely and losing all that valuable information. That’s why data portability is a feature many merchants look for in a payment gateway. 90006 90003 If yours is a subscription-based business, data portability is of singular importance. If you drop your current payment gateway and your gateway does not offer data portability, you’ll be left unable to bill your subscribers.90006 90047 APIs & Developer Tools 90048 90003 Payment gateways offering developer tools such as APIs give you the ability to implement a high degree of customization to make the service work with your business. However, you’ll likely need to either hire a developer or possess developer skills yourself to implement these tools. 90006 90003 APIs can help you track inventory, manage customer data, and more. This is a case where paying less for a bare-bones gateway provider can end up costing you more in the long run.Paying more for a payment gateway that includes developer tools / APIs can end up helping your bottom line by making your online store more efficient. 90006 90047 Contracts 90048 90003 Most payment gateway providers bill you monthly, with no long-term contract and no early termination fee (ETF) if you close your account. However, your merchant account provider might include both of these provisions, so read all your contract documents carefully before signing up. It will not do you much good to be able to drop your payment gateway whenever you want if you’re stuck in a three-year contract for your merchant account.90006 90003 If you do not like the idea of ​​even a monthly contract, some providers (such as PayPal) allow you to use their services without any contract. 90006 90047 Customer Support 90048 90003 Like any other software product, payment gateways are prone to occasional hiccups and glitches — often at the most inconvenient times. The eCommerce world runs around the clock, rendering the idea of ​​»regular business hours» obsolete. For this reason, you’ll want a gateway backed by 24/7 customer support.90006 90003 While options such as email and online chat are handy, you really should be able to talk to a customer service representative on the phone when a problem arises. 90006 90043 Payment Gateway Costs 90044 90003 While everyone wants to save money, we firmly believe that pricing should be evaluated in terms of overall value rather than merely trying to find the cheapest option available. Trying to save a few bucks can easily result in being stuck with a product that does not fully meet your needs.That said, there are some things to look out for. 90006 90003 For example, many gateway providers charge a 90004 gateway setup fee 90005 when you first open your account. While this is a one-time charge, it’s mostly a junk fee that you should avoid paying. You’re more likely to get hit with a setup fee if you sign up directly with a gateway provider. Merchant account providers often waive this fee if you get your gateway through them. 90006 90003 90004 Monthly gateway fees 90005 (usually around $ 15- $ 25 per month), on the other hand, are tough to avoid.Unless you sign up with a company that does not charge a monthly fee for gateway services, such as CDGcommerce or Payment Depot, you can expect to pay this on top of whatever monthly fee you have to pay for your merchant account. 90006 90003 90004 Gateway processing charges 90005 (typically $ 0.05- $ 0.10 per transaction) are another thing to look out for. Some companies will charge you separately for this, while others will include it in their processing rates. 90006 90003 You might also have to pay 90004 PCI compliance fees 90005, particularly if you’ve signed up directly with a gateway provider.Usually, however, these fees are included in your merchant account pricing. 90006 90003 Jump back to comparison chart 90006 90043 1. Authorize.Net 90044 90003 Initially founded in 1996 року, Authorize.Net is one of the oldest and most experienced payment gateway providers in the industry. Thanks to partnerships with a host of merchant account providers, it has also cornered the lion’s share of the market for payment gateways. The majority of merchant account providers (including Payment Depot) offer Authorize.Net as one of their payment gateway options. 90006 90003 Does being the biggest gateway provider also make them the best? 90010 Possibly 90011. With over twenty years in business, it’s managed to add a lot of bells and whistles to its core product. Its gateway can accept all major credit cards, debit cards, echeck (ACH) payments, and even digital payment methods, such as PayPal and Apple Pay. 90006 90003 Authorize.Net accepts international transactions from just about any country in the world, although your business must be based in the United States, Canada, the United Kingdom, Europe, or Australia.Its Advanced Fraud Detection Suite (AFDS) can protect your site from card-not-present fraud — a common issue with eCommerce. Best of all, its gateway seamlessly integrates with a vast number of third-party eCommerce platforms. 90006 90003 Sounds great, does not it? Well, there are a few things to watch out for. Pricing can be on the high side if you sign up directly with Authorize.Net, with a $ 49 gateway setup fee, a $ 25 monthly gateway fee, and a $ 25 fee for chargebacks. If you already have a merchant account, you’ll still pay an additional $ 0.10 per transaction for the use of its gateway. International transactions also pay an additional 1.5% for processing. 90006 90003 If you do not have a merchant account, Authorize.Net will set you up with one, but it uses a flat-rate pricing plan of 2.9% + $ 0.30 per transaction. While this is the same as what you’d pay for PayPal or most other payment service providers (PSPs), you can get lower rates by signing up with a merchant account provider that offers interchange-plus pricing. 90006 90003 The good news is that you can usually get a better deal on the Authorize.Net gateway by signing up with a partner merchant account provider. Most providers will waive the setup fee, and they’ll often charge a lower monthly gateway fee and per-transaction processing fee (typically $ 0.05 per transaction). 90006 90003 However, Authorize.Net does have one major weakness: data portability. Or, rather, the lack of it. Its Customer Information Manager (CIM) is a powerful feature that allows you to store customer data, including credit card numbers, securely. Unfortunately, it’s difficult and costly to download that data and take it with you if you ever decide to switch to a competing payment gateway — an unfortunate limitation.90006 90047 Pros 90048 90037 90038 Broad support for multiple payment methods and currencies 90039 90038 Strong security and fraud prevention features 90039 90038 Month-to-month billing with no long-term contracts 90039 90040 90047 Cons 90048 90037 90038 Pricing is expensive for merchants who sign up with the company directly 90039 90038 High flat-rate pricing for the optional merchant account 90039 90038 Data portability is unusually difficult and expensive 90039 90040 90003 For a more in-depth look at Authorize.Net, check out our full review. 90006 90003 Get Started with Authorize.Net 90006 90003 Read our in-depth review 90006 90003 Jump back to comparison chart 90006 90043 2. PayJunction 90044 90003 We here at Merchant Maverick have long been big fans of PayJunction. One of the top traditional merchant account providers around, PayJunction provides a laundry list of payment services particularly well-suited to tech-driven businesses and online retailers of all types. 90006 90003 From CC processing, ACH echeck processing, smart terminals, mobile processing, one-click refunds, a «full-stack» API for developers, remote signature capture and paperless receipts (paper receipts are 90010 so 90011 last century), and much more, there’s little that PayJunction does not do on the merchant services front.90006 90003 Included in these services is PayJunction’s proprietary gateway, once branded as Trinity Gateway 90010. 90011 PayJunction’s gateway provides access to an all-purpose virtual terminal (compatible with a USB card reader, making it a functional POS). It also includes 90004 recurring billing 90005 and 90004 customer info vault 90005 features. It amounts to a solid browser-based check and credit card processing system for both card-present and card-not-present sales, with no credit card machine or paper filing required.90006 90003 PayJunction uses transparent interchange-plus pricing — Merchant Maverick’s preferred pricing model. You will not be subject to monthly fees, gateway fees, PCI-compliance fees, or anything of the sort. However, if you process under $ 10K monthly, a $ 35 monthly fee will apply. PayJunction’s pricing details are as follows: 90006 90037 90038 90004 Cards: 90005 Interchange + 0.75%, no per-transaction markup 90039 90038 90004 Checks: 90005 0.75%, no per-transaction markup 90039 90038 90004 Monthly: 90005 No additional charge, or $ 35 for businesses doing under $ 10K monthly 90039 90038 90004 Annual: 90005 No additional charge 90039 90038 90004 PCI: 90005 No additional charge 90039 90038 90004 Gateway: 90005 No additional charge 90039 90040 90003 Keep in mind, however, that if you have a processing history , PayJunction will match or beat your current rates, so you’ll never end up paying more for merchant services by switching to PayJunction.For low-volume merchants and new businesses with no processing history, PayJunction may be more than you need. A PSP of the PayPal / Stripe / Square variety may be more suitable. However, for more mature online businesses, you’ll be hard-pressed to find a more versatile and robust merchant account and gateway provider than PayJunction. 90006 90047 Pros 90048 90037 90038 Transparent cost-plus pricing 90039 90038 Month-to-month agreement 90039 90038 ACH payment processing offered 90039 90038 Highly-rated customer service with remote support 90039 90040 90047 Cons 90048 90037 90038 Not global-friendly 90039 90038 A monthly fee for lower-volume merchants 90039 90040 90003 To learn more about why we’re so big on PayJunction, read our full PayJunction review.90006 90003 Get Started with PayJunction 90006 90003 Read our in-depth review 90006 90003 Jump back to comparison chart 90006 90043 3. Square 90044 90003 Founded in 2009 by founder & CEO Jack Dorsey (also the founder & CEO of Twitter), Square is amongst the three most well-known PSPs around (along with Stripe and PayPal). However, Square offers up an even broader range of payment solutions than Paypal or Stripe. Beginning with its iconic Square Reader device — one of the first smart mPOS devices ever released — Square has broadened its scope to offer a wide array of merchant services.Those services include a 90004 free online store (powered by Weebly) 90005, eCommerce integrations with major shopping carts, developer tools for custom eCommerce integrations, and, of course, a built-in payment gateway. 90006 90003 Looking at Square from an eCommerce perspective, online and in-app transactions process at a flat rate of 2.9% + $ 0.30 per transaction. Sound familiar? That’s the same rate charged by PayPal and Stripe. Square does not impose setup fees, PCI compliance fees, or other fees associated with some merchant services providers.90006 90003 Square’s free online store is somewhat limited and best suited to small businesses. However, you can upgrade to paid plans and get access to more of the features Weebly (and Square) offers for merchants. 90006 90003 And while this is not the focus of this article, Square offers much better in-person POS solutions for brick-and-mortar businesses than do PayPal or Stripe. After all, Square cut its teeth with those nifty little square-shaped CC readers back when such a thing was to be marveled at, so meatspace retail will always be close to Square’s heart.If you plan to sell online, in-person, and anywhere else that will let you hawk your wares, Square is a great system to do that. 90006 90003 Of course, the drawbacks associated with other PSPs are present with Square. Funding holds, account freezes, and account terminations happen much more frequently than with traditional merchant account providers. However, both Square and Weebly offer phone support for their customers, and Square has rather exceptional self-help resources. 90006 90047 Pros 90048 90037 90038 A simple, transparent flat-rate pricing structure 90039 90038 No long-term contracts or early termination fees 90039 90038 Weebly eCommerce integration 90039 90038 Phone support 90039 90040 90047 Cons 90048 90037 90038 Flat-rate pricing is more expensive than interchange-plus for high-volume merchants 90039 90038 No support for ACH 90039 90038 Elevated risk of account holds and terminations 90039 90040 90003 To learn more about Square, check out our full Square review.90006 90003 Get Started with Square Online Store 90006 90003 Read our in-depth review 90006 90003 Jump back to comparison chart 90006 90043 4. PayPal 90044 90003 You might not think of PayPal as a payment gateway provider, but the company’s Payflow Payment Gateway is a very capable product. In fact, PayPal offers a host of merchant services for eCommerce businesses, and you can integrate most of them with the merchant account, shopping cart, or another service you’re already using. 90006 90003 Offering PayPal as a 90004 backup 90005 payment method is the simplest option, as it’s free to set up, and there are no monthly fees or long-term contracts.Pricing is pay-as-you-go and based on a flat rate of 2.9% + $ 0.30 per transaction (4.4% + $ 0.30 per transaction for international transactions). While this is certainly the least expensive option, realize that as a PSP, PayPal is not giving you a full merchant account. Instead, your account is aggregated with those of other sellers so that you will not have a unique merchant ID number for your business. 90006 90003 The downsides to this arrangement are that your account will not be nearly as stable as a merchant account, plus account freezes and holds on your funds are more common.PayPal is somewhat notorious for withholding seller’s funds at the slightest suspicion of fraud. It’s not certain that you’ll encounter a hold — but it’s certainly a possibility, and one you need to consider. 90006 90003 If you already have a merchant account through a different provider, the Payflow Payment Gateway is designed to integrate with it and expand your payment options. PayPal has two gateway pricing plans: Payflow Link and Payflow Pro. The best choice for most merchants is 90004 Payflow Link.90005 With no gateway setup or monthly fees, it’s practically free. You pay an extra $ 0.10 per transaction, and that’s it. You can use a PayPal-hosted payment page or a template embedded on your website. 90006 90003 90004 Payflow Pro 90005, on the other hand, offers full customization and additional PCI compliance features. However, it’s rather expensive, with a $ 99 setup fee and a $ 25 monthly fee after that. You’ll also still pay $ 0.10 per transaction with this option. 90006 90003 So why are we grouping PayPal and Braintree under one heading here? Well, PayPal and Braintree have become so closely linked with features and SDKs that we can treat them as one product in payment gateway terms.However, it’s still important to note that while PayPal is a payment service provider (PSP), Braintree is a traditional merchant account provider. 90006 90003 Founded in 2010 Braintree Payments Solutions was acquired by PayPal in 2013. It offers an integrated approach to eCommerce, with each account including both a payment gateway and a full-service merchant account. It’s available to merchants in the United States, Canada, Australia, Europe, Singapore, Hong Kong, Malaysia, and New Zealand. Payments can be accepted in over 130 currencies, including Bitcoin, if you’re feeling adventurous.90006 90003 Braintree will convert and deposit funds in USD for a 1% fee — a lower fee for currency conversion than you’ll find with many competitors. 90006 90003 Standard accounts at Braintree follow a pay-as-you-go pricing model, with no account setup fees, monthly fees, or even gateway fees. As with PayPal itself, all transactions process at a flat rate of 2.9% + $ 0.30 per transaction. Billing is on a month-to-month basis, with no long-term contracts or early termination fees (again, just like PayPal proper).While the flat-rate pricing is not particularly cost-effective for larger businesses, the lack of monthly fees makes it a great deal for smaller companies. Braintree addresses this limitation by offering enterprise pricing for larger businesses (presumably with interchange-plus rates), but you’ll have to process over $ 80,000 per month to qualify for it. 90006 90003 Braintree’s gateway includes some excellent standard features, including its Drop-In UI for customer checkouts and support for recurring billing.It’s also compatible with a wide variety of third-party integrations, including shopping carts, accounting software, and analytics. Developers can further customize the gateway using Braintree’s client and server SDKs, so you can scale your gateway along with your business. 90006 90003 Perhaps the best feature Braintree has to offer is that it provides 90004 complete data portability for free 90005. If your needs change and you want to switch to a different provider, you’re free to take your customer data with you.90006 90003 While Braintree offers an excellent service at a fair price, it’s not for everyone. If you already have a separate merchant account (particularly if you’re stuck in a long-term contract), its gateway-only option is quite expensive at $ 49 per month and $ 0.10 per transaction processed over the gateway. There’s also almost no support for card-present (i.e., retail) transactions, although it does support a handful of third-party mPOS solutions. 90006 90047 Pros 90048 90037 90038 Pay-as-you-go pricing with no monthly fees (Payflow Link and Braintree) 90039 90038 Simple flat-rate pricing for standard accounts 90039 90038 Easy to set up and begin accepting payments 90039 90038 Free, unrestricted data portability (Braintree only) 90039 90040 90047 Cons 90048 90037 90038 Flat-rate processing charges are higher than most merchant accounts offer 90039 90038 No echeck (ACH) payment support with PayPal 90039 90038 Braintree’s gateway-only option is expensive 90039 90038 Elevated risk of account holds, freezes, and terminations with Paypal 90039 90040 90003 Check out our full PayPal review and our full review of Braintree for more information.90006 90003 Read our in-depth review 90006 90003 Jump back to comparison chart 90006 90043 5. Stripe Payments 90044 90003 Much like Braintree, Stripe Payments is a tech-focused merchant services provider that specializes in serving the eCommerce community. Those services are tightly integrated into Stripe’s payments system, so the company does not offer a discrete Stripe-branded payment gateway. Instead, it’s built into the overall payments platform and comes with every Stripe account. 90006 90003 For small businesses, this is a very affordable approach, as there’s no separate account setup fee, no monthly gateway fees, and no additional per-transaction processing fee.You also do not have to worry about trying to integrate two or more third-party services into your website. Another advantage is that Stripe includes several additional features for free that most gateway providers charge extra for, including echeck (ACH) processing and recurring billing. 90006 90003 We love the simplicity of Stripe’s pricing. Credit card transactions process at a single flat rate of 2.9% + $ 0.30 per transaction. eChecks are 0.8%, up to a maximum of $ 5. Chargebacks incur a $ 15 fee.Stripe also supports digital payment methods, such as Bitcoin and Apple Pay. Like most of its direct competitors, Stripe bills month-to-month only and does not impose long-term contracts or early termination fees. 90006 90003 Sounds great, does not it? If you think that there must be a catch — 90010 of course there is 90011. Stripe is a payment service provider (PSP), so it does not provide true full-service merchant accounts. Like other PSPs (e.g., Square or PayPal), funding holds and account freezes or terminations are distressingly common.90006 90003 The best thing about Stripe is that it’s designed specifically for eCommerce merchants. Most providers are more focused on the retail sector, and their support for eCommerce always comes at a higher cost in the form of gateway fees and additional per-transaction charges. With Stripe, new eCommerce merchants get everything they need to start accepting payments as soon as their account is approved. 90006 90003 While a Stripe account covers all the basics, you can also add or customize features through its vast API library or supported third-party integrations.Stripe also supports data portability, so you can easily take your customer information with you if you decide to change providers later. 90006 90047 Pros 90048 90037 90038 Pay-as-you-go pricing with no setup or monthly fees 90039 90038 A simple, transparent flat-rate pricing structure 90039 90038 No long-term contracts or early termination fees 90039 90038 Huge API library for developers 90039 90040 90047 Cons 90048 90037 90038 Flat-rate pricing is more expensive than interchange-plus for high-volume merchants 90039 90038 Elevated risk of account holds and terminations 90039 90040 90003 For more information, see our complete review of Stripe Payments.90006 90003 Read our in-depth review 90006 90003 Jump back to comparison chart 90006 90043 6. Amazon Pay 90044 90003 Amazon Pay is an online-only third-party processor through which customers can make purchases, give donations, and set up recurring payments on a merchant’s website by making payments through their Amazon.com account. Amazon Pay has a lot to offer both sellers with Amazon and merchants not associated with the company. It features streamlined integration with merchant websites, inline checkout, and access to Amazon Seller Central, Amazon’s dashboard, from which you can manage chargeback claims, view reports, and more.90006 90003 Amazon Pay’s pricing structure is quite simple and straightforward: 90006 90037 90038 2.9% processing fee + $ 0.30 authorization fee per transaction (for domestic US transactions) 90039 90038 3.9% processing fee + $ 0.30 authorization fee per transaction (for cross-border transactions) 90039 90040 90003 There are no contracts to sign, no account setup fees, no monthly fees, no PCI compliance fees, nor any other fees to speak of. We like the fact that you can select from 29 pre-built shopping cart integrations, including Shopify.90006 90003 A few caveats to note: Your bank account must be associated with your Seller Central account to receive funds from Amazon Pay. Also, you’ll have to wait a bit longer than usual to receive your funds. Amazon uses a reserve system, so when you first begin processing payments, Amazon holds all of your initial transactions in reserve for 14 days. Subsequently, Amazon holds funds for seven days, and there is disbursement scheduled for every day. So, for example, on your 17th day of selling, you will receive payment for purchases made on your ninth day of selling.Chargebacks will cost you a $ 20 disputed transaction fee plus tax. 90006 90003 Overall, you’ll be paying about the same amount that you would for PayPal as you will with Amazon Pay. Of course, Amazon Pay comes with all the drawbacks of a PSP: funding holds, account freezes / terminations, etc. 90006 90003 Customer support is available via email, phone, and live chat. 90006 90047 Pros 90048 90037 90038 No contracts — pay as you go 90039 90038 Great for sellers with Amazon 90039 90038 Brand recognition 90039 90040 90047 Cons 90048 90037 90038 Risk of account holds, terminations, and withheld funds 90039 90038 No brick-and-mortar payment support 90039 90040 90419 90003 Read our in-depth review 90006 90003 Jump back to comparison chart 90006 90043 Which Payment Gateway Is Right For You? 90044 90003 One way to approach choosing a payment gateway is to take a close look at what your business needs are 90010 today 90011 and consider how those needs might expand as your business grows.For example, if you do not need recurring billing, there’s no reason to pay extra for it. If your needs change later, you can always add it to your service. 90006 90003 You’ll also want to put some thought into whether the integrated or non-integrated approach will work best for you. Payment service providers (PSPs), such as PayPal or Stripe, are an excellent way to add credit card processing to your business without spending any money upfront. However, once your business grows large enough, the high flat-rate pricing will end up costing you more money than you’d pay with a traditional merchant account offering interchange-plus pricing.Since there’s no long-term contract to worry about, it’s relatively easy to make the switch once this happens. 90006 90003 90004 Check Out Our Preferred Credit Card Processors 🏆 90005 90006 90003 * All of our preferred processors use fully transparent 90004 Interchange-plus 90005 pricing. 90006 90003 90010 We’ve done in-depth research on each and confidently recommend them. 90011 90006 90003 90004 A Last Look At Our Top Picks 90005 90006 90448 90038 Authorize.Net 90450 90004 Summary 90005 — Initially founded in 1996 року, Authorize.Net is one of the oldest and most experienced payment gateway providers in the industry. Thanks to partnerships with a host of merchant account providers, it has also cornered the lion’s share of the market for payment gateways. 90039 90038 PayJunction 90450 90004 Summary 90005 — One of the top traditional merchant account providers around, PayJunction provides a laundry list of payment services particularly well-suited to tech-driven businesses and online retailers of all types. 90039 90038 Square Online Store 90450 90004 Summary 90005 — Square’s free online store is somewhat limited and best suited to small businesses.However, you can upgrade to paid plans and get access to more of the features Weebly (and Square) offers for merchants. 90039 90038 PayPal 90450 90004 Summary 90005 — You might not think of PayPal as a payment gateway provider, but the company’s Payflow Payment Gateway is a very capable product. In fact, PayPal offers a host of merchant services for eCommerce businesses. 90039 90038 Stripe Payments 90450 90004 Summary 90005 — For small businesses, this is a very affordable approach, as there’s no separate account setup fee, no monthly gateway fees, and no additional per-transaction processing fee.90039 90038 Amazon Pay 90450 90004 Summary 90005 — Amazon Pay is an online-only third-party processor through which customers can make purchases, give donations, and set up recurring payments on a merchant’s website by making payments through their Amazon.com account. 90039 90479 90480 90003 Frank Kehl has been writing about merchant services, payment gateways, and international money transfer services since 2015. He has a Bachelor of Science degree from Penn State and a Juris Doctorate from the Ventura College of Law.After a long and enjoyable career of traveling around the world as an Air Force navigator, he’s comfortably settled down in the wine country town of Paso Robles in California’s scenic Central Coast region. He enjoys reading, photography, hiking, and numerous other outdoor pursuits. 90006 90480 90480 90480.90000 Best credit card processing services of 2020: how to take payments online 90001
90002 Credit card processing services have become an essential part of business transactions, both online and offline, and the ability to take credit card payments could make or break your business. 90003 90002 While there are Point of Sale (PoS) software systems designed for bricks and mortar card processing, it’s online where many merchants gain the most advantage, especially when setting up or expanding an ecommerce software platform.90003 90002 This is especially because banks were slow to provide online payment services, allowing younger companies such as Paypal to disrupt the market, and eventually lead it. 90003 90002 However, with so many different business applications now provided by the cloud, it could be an advantage to use a credit card processor that does not offer the cheapest rates but will offer savings through other ways, not least by integrating with accounting software . 90003 90002 Additionally, there are two main options with credit card processing services: one being a simple credit card processor with all fees paid per transactions, or alternatively a merchant account solution which comes with a monthly fee but offers far cheaper processing on a per item basis.90003 90002 Whichever type you’re looking for, here we’ve covered the best in credit card processing for online transactions. 90003 90014 How to choose a credit card processor 90015 90002 In simple terms, here are two main options when it comes to choosing a credit card processing service: 90003 90018 90019 lower transaction fees 90020 90019 no with-holding of funds 90020 90023 90002 The difference between the two is key to deciding which is the best option for you. 90003 90002 90027 The General Processing 90028 option means that the credit card processor effectively acts as a middleman between you and the banks.They take care of all transactions and authorizations, as they move money from the customer’s bank account to your processing account. 90003 90002 This is generally a good option for start-ups, small businesses, and relatively low-volume sales, ie, thousands rather than tends of thousands in turnover per month. 90003 90002 For this general service expect to pay transaction fees of between 2.5% — 3.5% for online purchases, though this can go higher for keyed in credit card payments you might take over the phone or in store.There may also be higher transaction fees for digital purchases. 90003 90002 90027 The Merchant Account 90028 option means that the credit card processor still acts as a middleman — but while they take care of transactions and authorizations, they move money directly from the customer’s bank account to yours. This offers a couple of key advantages: 90003 90018 90019 general processing 90020 90019 merchant account 90020 90023 90002 The first applies because the processor does not need to authentic funds themselves, as this is done by the bank you have your merchant account with.This means you pay only interchange fees which tend to be around a few cents per transaction, which is usually far cheaper than the percentage-based fees for general processing. 90003 90002 And because the money goes directly into your merchant bank account, it means that you do not have to wait around for funds to (Eventually) clear for withdrawal — some general processing services can insist on withholding for between a few days to a few months, in order to cover themselves against fraudulent transactions and chargebacks (which is where the customer disputes the payment and their credit card company forces a refund).90003 90002 Of course, there is a cost to the merchant account option — usually a monthly fee of around $ 30 per month. This makes it much more ideal for companies who have a high turnover or high-value transactions, so that the monthly fee works out as much cheaper than a transaction fee of a few percentiles. 90003 90002 However, the big drawback of merchant accounts is that banks can be still distrustful of new companies and online sales, regarding them as riskier than normal retail shopping, so do not be surprised if you’re expected to prove your worth — and trust value — over a couple of years before this option is made available to you.90003 90002 Even still, some providers will offer both types of service, so you can start with their general processing platform, then upgrade to a merchant account later, if needed. 90003 90014 Best credit card processing services at a glance 90015 90056 90019 PayPal 90020 90019 Sage Pay 90020 90019 Authorize.net 90020 90019 Stripe 90020 90019 Worldpay 90020 90019 PaySimple 90020 90019 Helcim 90020 90019 Clover 90020 90073 90014 Best credit card processing services 90015 90002 90003 ( Image credit: PayPal) 90078 1.PayPal 90079 90002 Well-known for good reason 90003 90002 Easy to use 90003 90002 No monthly fees 90003 90002 In-store payments 90003 90002 May not suit enterprise needs 90003 90002 PayPal has become the ubiquitous payment portal for many online businesses due to the simple reason that it’s so easy to use. PayPal has made integration into payment gateways simple for major e-commerce platforms, often requiring little more than a couple of clicks and an email address — often the most complex part of setting up PayPal processing is copying and pasting a supplied API key to get started .90003 90002 There are no monthly fees for the small business product, Web Payments Standard, with transaction fees of 1.9% to 3.4%, depending on sales volume. Although many shopping carts are built to accommodate PayPal from scratch, it can even be used as a standalone service for taking individual payments from clients, just by pasting a payment button code into an email. Subscription payments are also available by default. 90003 90002 PayPal also offers additional features to grow into, such as taking in-store payments through a card reader.With no hidden costs or monthly charges, PayPal is one of the most accessible options for startups and small businesses. 90003 90002 90027 Read our review of PayPal here 90028 90003 90002 90003 (Image credit: Sage Pay) 90078 2. Sage Pay 90079 90002 Offers the potential for some serious efficiency savings 90003 90002 Can be integrated into Sage Accounts 90003 90002 Merchant account option 90003 90002 Versatile and scalable 90003 90002 Monthly costs 90003 90002 Sage Pay is a credit card payment gateway that has the added benefit of being able to integrate into Sage’s accounting software.Like most big payment processors, generally speaking it can be easily integrated into existing e-commerce platforms. 90003 90002 Sage Pay also offers telephone processing and direct card processing for in-store usage, as well as providing merchant account integration. Sage Pay effectively has a whole suite of services that can work for startups, as well as small corporations and larger enterprises. 90003 90002 The ability to integrate directly with Sage Accounts is probably the biggest selling point, as this can significantly simplify bookkeeping and financial recording, helping to save on accounting costs.The ability to work directly with a merchant account also means a big reduction on transaction fees. 90003 90002 There is a monthly fee to pay according to sales volume, which begins from $ 25 per month. However, considering the potential for efficiency savings through simplified accounting, this can seem more like an investment than a cost. 90003 90002 90027 Read our review of Sage Pay here 90028 90003 90002 90003 (Image credit: Stripe) 90078 3. Stripe 90079 90002 Competitive fees 90003 90002 Anti-fraud 90003 90002 Business setup service 90003 90002 Compared to the other credit card processors present here, Stripe is very much the new kid on the block.However, the advantage there is that it has not had to evolve through various legacy technologies, but has instead jumped straight in to work with the latest. 90003 90002 The benefit here is a flexible cloud-based payment system which offers not just payment processing and fraud prevention, but also business intelligence through an analytics package Stripe calls Sigma. However, Stripe does not just offer online payment processing, but can also offer a Stripe terminal for taking payments in a bricks and mortar store.90003 90002 The online payment processing service itself comes with no monthly fees, just a charge of 2.9% per transaction, plus a 30c processing fee. This is competitive with similar payment gateways. However, that’s just the initial and basic charge level, and discounts may be available if you contact sales. 90003 90002 As an additional note, as well as credit card processing, Stripe also provide a company startup package which they call Atlas. This service requires you to set up a Stripe account, after which they’ll register a LLC for you in Delaware, as well as set you up with a bank account and all payment processing, on top of which they include an EIN with the IRS .There’s also a support community to help provide advice about running your new business. 90003 90002 90027 Read our review of Stripe here 90028 90003 90002 90003 (Image credit: Authorize.net) 90078 4. Authorize.net 90079 90002 Competitive service with smart additional tools 90003 90002 Fraud screening 90003 90002 Merchant account option 90003 90002 Customer Information Management 90003 90002 Merchant account details are not always clear 90003 90002 Authorize.net has a couple of different platforms on offer.The All-in-One option allows for credit card processing without a merchant account, and comes with a monthly charge of $ 25, with transaction fees starting at a competitive 2.9%. 90003 90002 However, Authorize.net is perhaps more famous for its merchant account gateway, and while that option retains the monthly fee, transaction fees are reduced in a big way if you go this route. Note that once you sign up for a merchant account you will be charged for it — whether you are actively using it or not.90003 90002 There are additional tools offered by Authorize.net, some of which are included by default, and some which will incur additional costs. Fraud screening tools are included as standard, as is the ability to dynamically change and adjust subscription billing. 90003 90002 There are also advanced Customer Information Management tools available, such as the ability to automatically update a customer’s charge card details, and allow multiple payment methods and billing addresses for a single customer.90003 90002 Like most other major payment platforms, Authorize.net can often be found as an add-on for e-commerce platforms for easy integration. 90003 90002 90027 Read our review of Authorize.net here 90028 90003 90002 90003 (Image credit: Worldpay) 90078 5. Worldpay 90079 90002 International online payment gateway 90003 90002 Major brand 90003 90002 Multiple in-store options 90003 90002 Fraud screening 90003 90002 Cancellation fees 90003 90002 Worldpay is another well-known payment gateway for processing credit card payments online, but has also expanded into a range of offline payment options.Worldpay comes with built-in fraud alert tools that can flag suspect orders, thus allowing you to reject them without direct harm to your business. The caveat, of course, is that it remains an individual decision as to whether to accept or ignore the flags, and it can take some experience to recognize the difference between likely false alarms and blatant fraudulent orders. 90003 90002 One manner in which Worldpay has differentiated itself from competitors is by its selection of in-store payment options, providing not just the choice of a card reader, but alternatively a tablet for taking orders, or even a Worldpay checkout till with barcode scanner .90003 90002 Since it was bought out by Vantiv in 2017, Worldpay’s fees have become more customized and perhaps less transparent, but expect to pay a monthly fee on top of transaction fees. Also, be aware that Worldpay may be offered on a contract, which means that you must continue the service through the contract period, or else pay a termination fee. 90003 90002 90027 Read our review of Worldpay here 90028 90003 90002 90003 (Image credit: PaySimple) 90078 6. Paysimple 90079 90002 Credit card processing that delivers quick and easy transactions 90003 90002 No contract 90003 90002 A complete solution 90003 90002 Less useful for high- volume users 90003 90002 Apps a bit lacking 90003 90002 PaySimple credit card processing is based out of Denver, Colorado, and offers a suite of products and services that are well-suited to the smaller business owner.Having been in existence for around 15 years PaySimple has refined its business and now offers the ability for companies to process payments in flexible ways, as well as automated billing and adding in customer marketing options to complete the picture. 90003 90002 PaySimple is a practical solution because it delivers options for accepting payments online, in-person and via mobile, which means if you’ve got a small business it covers all bases within one package. A free 14-day trial certainly makes it worthy of inspection.90003 90002 PaySimple states on its website that it has no contracts and no cancellation fees, which is always a bonus if you’re a small business that has to be careful with its cashflow. Also on its website, PaySimple highlights that credit card processing is 2.49% per transaction plus monthly fees along with $ 0.60 + .20% ACH / eCheck processing costs. 90003 90002 It’s worth noting though that there are other charges such as a monthly maintenance fee of $ 29.95 and numerous other fees for different back-end aspects of the site.It’s a good idea to head to the PaySimple website and look up their Starter pricing page, as well as the more expensive Standard pricing pages. 90003 90002 90027 Read our review of PaySimple here 90028 90003 90002 90003 (Image credit: Helcim) 90078 7. Helcim 90079 90002 An all-in-one merchant platform 90003 90002 Super easy to use 90003 90002 Transparent pricing 90003 90002 Not so good for larger volume business 90003 90002 Helcim is a Canadian credit card processing company and merchant services provider to small businesses.The company has grown a lot over the years and now boasts $ 2.5 billion in annual processing, handles 15 million transactions per year and keeps no less than 6000 merchants ticking over nicely. 90003 90002 On its website Helcim points out that its credit card processing features transparent pricing and there are no hidden fees. In fact, Helcim has streamlined its payment systems so you can enjoy month-to-month processing power irrespective of how many cards you end up processing. 90003 90002 On signing up for an account you’ll be able to start a new merchant account application.This currently costs $ 15 per month Retail, $ 35 per month Online and $ 50 per month for a Retail + Online combination package. Another bonus with the Helcim setup is that you can rent equipment on a month-to-month basis, or if you prefer just purchase everything you need outright. 90003 90002 All in all Helcim is to be commended for offering such a flexible range of options and it’s clear that the company realises that the needs of businesses are many and varied. This is certainly better than a one-size-fits-all approach.90003 90002 90027 Read our review of Helcim here 90028 90003 90002 90003 (Image credit: Clover) 90078 8. Clover 90079 90002 Clover is a point of sale and credit card processing service 90003 90002 Software systems easy to use 90003 90002 Good choice of hardware 90003 90002 Hardware and software costs add up 90003 90002 Clover credit card processing systems come in a wide variety of options, with the company offering point of sale products both directly or via one of its partners. The business provides solutions for taking payments over the phone, remotely and contactless.It is, in effect, a one-stop point-of-sale solution and is therefore suited to business of all types and sizes. 90003 90002 Clover is cloud-based and also has a whole selection of hardware that will enable you to process credit card payments in a physical environment as well as remotely. Terminals are available in a variety of sizes and configurations. 90003 90002 You’ll need an account in order to be able to use its products and services, which currently costs $ 9.95 a month. At the time of writing Clover’s monthly fees had also been waived for the first three months.Once you’ve signed up you have a Clover merchant account along with the Register Lite plan. That allows you to start processing payments without purchasing a device from them or needing any other hardware. The first month is also free. 90003 90002 If you get a Clover account and then acquire one of Clover’s hardware devices then the processing rates change. So, on-device payments are 2.7% plus 10 cents per transaction with the Register Lite plan and 2.3% plus 10 cents with Register. Payments taken virtually or entered by hand incur charges of 3.5% plus 10 cents. Additionally, the benefit of using a Clover device is that you get access to more tools and functionality, plus customer rewards and promos. 90003 90002 90027 Read our review of Clover here 90028 90003 90002 Round up of today’s best deals 90003

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