Payment Methods: What Should You Offer?

If you are an online business owner, then you will understand how important it is to provide support to your customers when shopping online with your business.

With every major tech company providing solutions for online payment purchases, it has never been easier to start accepting payments online. There literally are hundreds of online payment services now. Many of these solutions are national, but many are local solutions too.

Therefore your your companies survival and your customers convenience, we recommend choosing one of the many solutions that are universal. Here are some of the top payment solutions on the market today.

PayPal

Paypal is the largest and most successful internet payment platform on the market today. It boasts a whopping 305 million active users worldwide and still growing. It supports more than 52 currencies and is in more than 200 plus countries.

Direct Bank Transfers

This payment types has been around for a long time and by far is one of the most secure methods of sending money to another party. This is referred to as an ACH Transfer. It is widely used by multiple businesses and industries today.

Stripe

Stripe is another user-friendly multi-tiered payment method. It is similar to PayPal, but charges no fees for membership or maintenance. They only charge for transactions. It does come with advanced features such as custom payment solutions, plans, fraud management tool and stripe radar.

Amazon Pay

Amazon pay stands apart from most of their competitors. It is easy to use for both customers and business owners. It plugs directly into your website and allows users to pay directly for digital and physical goods.

Braintree Targets Mobile Users

Braintree is a payment method targeted at mobile users. It’s designed to be quick, safe, and affordable. It was created by the minds behind PayPal, and it is ideal for companies that provide physical and digital goods. It is just as safe as PayPal. What’s more, business owners can integrate it with all the most popular wallet services such as Google Pay, Apple Pay, and Venmo. You can also set it up with debit and credit cards.

It’s great for businesses because it can transfer money in large currencies seamlessly, and it’s not as strict as PayPal.

Google Pay and Apple Pay Are Among the Newest of Payment Methods

Google Pay and Apple Pay are on this list because they are popular, easy to use (for users), and safe. They both use biometric authentication to process transactions and they do not disclose the client’s personal information. They can be connected to debit cards, credit cards, or bank accounts.

Choose the Payment Methods That Work Best for You and Your Online Customers

In order to have a widely accessible online business, you don’t have to include every single payment service. Just pick a handful of popular local and international payment methods.