With the world going digital and businesses getting online, digital and online payments have become unavoidable. In fact, the day and age we live in literally ask us to have digital solutions ready for almost everything, then why not payments!
The process is password protected, of course with robust security screening before you can proceed to make a payment.
Competative Alternatives for Making Payment
Venmo is a digital wallet that lets you transact and make payments in a secure environment. You can either choose to transfer and store some amount of money in your Venmo wallet keep making payments until the money is all used up or you can also link your debit and credit cards to make your payments directly.
Another platform to move money and make transactions seamlessly, Dwolla is also a reliable name in this domain. They were founded in 2008 and began with a mission to transform the electronic payment industry. Much on the lines of Paypal, Dwolla serves as an excellent alternative in case you are not keen on using Paypal so much.
- Google Wallet:
Another virtual wallet in the industry, Google Wallet is also a highly reliable platform. Coming from Google itself, it allows the users to make payments and transfer money straight from their devices.
Skrill has positioned itself a little differently in this market. Probably to beat the competition, such positioning was required. They go all out in saying that Skrill and its platform is not just about making payments and transferring money but staying connected to people in some way or the other
Headquartered in New York, Payoneer is a financial services company founded in the year 2005. The platform facilitates transactions and money transfers both internationally as well as within the user’s country. The platform can now easily boast of more than four million users all spread across over 200 countries around the world.
Probably one of the most popular out of the lot, Square has won its share of popularity because of the ease of transaction fee it provides. There is no monthly fee, no need to maintain a minimum amount, and merchants get spectacular deals without having them to be old users.
To give you a background of 2Checkout, it has been around since the early 2000s as a third party payment processor, specifically for e-commerce merchants. As you checkout and pay, the platform’s job was to help you get the payment processed and completed for your online purchase.
Intuit has a range of financial services products listed under them, but in this article, we are going to stick to online payment processors.
On their website, ProPay claims that they have a solution for every kind of business that you may have. They offer financial support and processing services as per the type of business you would like them to cater.
On WePay’s website, you will see that they stress a lot on integrated payments and easy onboarding. Going by their claim, the platform is available for smooth operations, quick and straightforward onboarding.
Here’s another tool which is one of the oldest in the industry.
- Braintree Payments:
Braintree is probably one of the most sophisticated payment processing platforms in the market. Despite a big bunch of features offered on its plate, they have been enabling services and operations to be smooth and seamless.
Payjunction is a platform which allows merchants to receive credit card payments from their customers seamlessly.
Stripe is full of some features that will help you get your work done almost instantly. These features appear to be extremely simple and straightforward; however, once you start using them, you will see a layer of other functionalities within each of them.
An Indian product, Paymate has a bunch of features that are regular but also a couple of them that might be more specific to business needs in India.