The thing that bothers online sellers the most is a stuck payment system. Online sellers sell their products worldwide and want to receive payments around the globe. However, most payment systems only support some of the features merchants need. Therefore, we tell you the best online payment systems sellers can use to receive payments worldwide.
If you, as an online merchant tired of payment systems lacking user-friendly features, read this blog.
What is an Online Payment System, and how it helps merchants?
Before moving on to the main topic, let’s elaborate on what an online payment system is in the true sense. An online payment system or payment process enables shoppers to pay their bills online.
Moreover, this system helps customers buy products online anytime and anywhere, unlike traditional shopping. Similarly, this also helps sellers to sell their products all around the globe without any restrictions. However, this system has revolutionized the shopping experience. And has paved the way for sellers to capture the global market without any physical hassle.
Also Read: 4 Steps To Become A Virtual Merchant
Though the available payment solutions aren’t user-friendly, accommodating to business needs, inefficient and only accepting some payment methods. Thus to help online sellers, let’s move on to payment systems. That offers seamless payment processing in any currency and from any part of the world.
Stripe
Stripe is the first payment system on our list, but it doesn’t mean it is the most efficient. We have just enlisted the best payment systems with the best features.
Stripe has to offer everything that a seller needs, specifically a small or mid-sized business. However, this payment system claims to increase your sales by delivering more conversions than other payment systems. Stripe vows to accept the maximum number of payment methods, including credit and debit cards, QR codes, and mobile-authorized payments. This merchant service gives sellers a secure payment ecosystem to process transactions globally.
Apple Pay
The second merchant service provider on our list is Apple Pay. Apple Pay integrates with the iPhone and is one of the most secure payment systems, just like iPhones. However, iPhone users can [pay their bills online within seconds, and merchants can accept those payments in the blink of an eye. To enable this system on websites or stores, merchants must sign up for an Apple Pay merchant ID.
Apple Pay has access to millions of websites, and shoppers can easily add their cards to their Apple Pay ID and pay for their shopping. Apple Pay supports most payment methods available.
Dwolla
Dwolla is 3rd on our list of payment systems. However, Dwolla may be a new system for Europeans or other parts of the world. It is a leading company in North America. Dwolla covers over 20 million customers from the USA, Canada, Mexico and other parts of North America. Where Dwolla is widely used in North America, it can still operate in any part of the world. It has most iso currency codes built-in to support merchant category 5411 and others.
Due
4th on our list Due is also widely used in the American continent. Due processes all types of payments, including contactless payments. Therefore, the Due payment system has helped sellers receive successful payments worldwide by offering a global payment merchant portal for sellers. However, Due is undoubtedly a preferred payment system for sellers who want to receive payment without disruption.
MBE POS
MBE POS is a leading company that has been empowering businesses in Canada for over 2 decades. Though MBE POS started by serving merchants at conventional points of sale and has expanded its radius of operations over time. Now MBE POS serves as an online payment system as well. From old credit card machines to modern contactless payment, this company covers all that a merchant needs. For emerging sellers aiming to establish their business MBE POS can play a handy role in scaling their business online.
Ending Notes
Selling products or services has become very easy due to the internet. Anyone can sell anything from anywhere in the world. The ease of doing business has encouraged many new individuals to come and earn a living on the internet.
However, the most common problem faced by every seller, either new or established, is the performance of payment gateways. The existing payment systems and gateways are feasible for physical businesses, but for online businesses, they offer only some features.
Also Read: Which eCommerce Solutions You Need For Online Business
Therefore to help such online sellers they can accept payment without any disruption, we enlisted a few payment systems. The online payment systems we have enlisted offer maximum features.
With these payment methods, the sellers can receive payment from most countries and regions. Not only this, but they also can receive credit and debit card payments, contactless payments and mobile-authorized payments.
If you’re a seller facing any issues receiving payments online and looking for solutions, you must read this blog. We have tried our best to educate our readers about the best online payment systems available.