Online Payment services | Best Online payment Services for businesses
Online payment Services -Payment for products and services rendered is the drive that keeps businesses running. Whether it’s a small or a big business accepting and receiving of payments is very important is the business must remain in business or it can be forced out of business.
Mostly, small business owners depend on being paid by their customers in order to keep the cost of running the business. If the payments come late on a daily basis, it can put the business in big financial difficulty. And the effects of this late payment can be quite negative such that the business can be affected in the following ways:
- Small business owners can’t pay themselves salary again.
- They won’t be able to hire new employees and this can increase pressure to their existing staff.
- Businesses find it difficult to invest in the needed equipment.
- It causes some businesses to reduce their marketing budget and this will reduce their ability to attract new clients.
For efficient payments for business transactions whether online or offline, there are steps that will help you and your clients transact business efficiently. And the major step here is using online payment services that will make it easy for your customers/clients to pay you by using any of the online payment services platforms.
Online payment Services-Platforms
Amazon Payments- Amazon payments is an online payment that’s small business-friendly for getting paid online for those who shop at Amazon. It integrates fast into your existing website and enables customers to pay instantly for digital products and services they purchased. Also, customers can make direct payment using their payment details stored in their Amazon.com accounts.
It’s a payment gateway service provider that works with an existing owner account to accept credit cards and electronic checks via the website. It gives users the opportunity to provide clients with a professional payment option that won’t require an existing third-party site, lending ability to your business. It offers mobile payments-commerce solutions and phone payment options.
However, it offers virtual POS or Point of Sale that enables you to connect a card reader to your computer for business transactions in your store.
It really works well with small businesses that use Apple devices as POS machines as well as those that want to receive instant payment through their device.
This payment is faster and very secure since the app uses touch ID confirmation. It works faster and quite secure and easier for customers who are used to using the iPhone or Apple watch to make purchases.
As soon as you receive the money, you can have the money transferred to your bank account. Also, you can use the money you received to make purchases for your business via Apple Device.
Intuit QuickBooks Payments
Using Intuit streamlines your invoicing and enables you to get a faster payment by integrating directly with QuickBooks. Anytime you sign up for a merchant account, the service will enable you to get paid online through a credit card from any invoice you generate.
It provides your customers with the benefit of accessing their online customer account center 24/7. This service comes with a personal password that is web protected page where they can view their billing history and also pay their invoices.
When it comes to online payment services, PayPal isn’t a newbie. It’s seen as the giant in the online payment business. PayPal has over 17 million businesses that they have assisted in payments and credit solutions.
They offer small business owners the opportunity to accept online payments without having any traditional accounts. Business owners can accept credit cards online or through the phone. It provides an avenue to generate and track invoices through a PayPal account for faster payment.
However, retail businesses can accept payments from customers in person and have it processed through PayPal. To do this, you have to download their app and purchase of the card reader.
Use of WePay
The WePay payment offers users a complete control payment experience. It’s well integrated into the look and feel of your business website and also extends your brand. It contains customization options that include checkout forms, confirmation emails, customer support emails, credit card statements, and mobile transactions.
Also, it provides on-the-go-payment services with a mobile chip card reader, mobile SDKs, and services that embed payments into a mobile app for a complete user benefit.
The Google Pay
Google Pay is an online payment service that allows users to send speedy money transfers in a very safe and simple way using their browser, Smartphones, or Gmail account. It enables you to store credit cards, debit cards, loyalty cards, and even gift cards in your account.
Whenever your customer pays your business in the store, Google Play won’t share their real card number. And this helps to protect the customer’s data. So, it helps to protect the customer’s financial details safe.
I won’t have finished this article without mentioning Payoneer. It’s seen as one of the oldest in terms of online payment services globally. This payment service is available in over 200 countries and it accepts about 150 currencies. However, there’re other Payoneer alternatives to choose from.
Payments receipts are free and it offers flexible API that will help grow your business. Just like PayPal, it offers users a plastic MasterCard if they don’t want to go 100% digital.
Through the Square Cash app, users can send electronic invoices and get paid. It allows business owners to swipe credit cards wherever for a 2.75 % fee per swipe transaction.
This is another nice online payment service that is quite similar to PayPal. When considering PayPal alternatives, this is a sure one to choose. It offers services such as instant withdrawal and deposits. Also, it charges low transaction fees, exclusive offers and can accept about 40 currencies.
In addition, users can send text messages directly from their account. It offers 10% of the fees that you generate from paying and receiving money into your Skrill account annually when you refer a friend to the services.
The Payza offers users the ability to send and receive money from anyone in the world in just a few minutes. It offers an easy-to-use interface and great security with dedicated support. The services are free to sign up and it also accepts bitcoin for payments.