Saturday, 26 Dec, 2020
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In contemporary society, there are so many international payment gateway service providers for businesses to choose from. So, What is the best international online payment gateway?
PayPal was one of the most advanced pieces of innovation in the payment gateway industry. That is why there was not that much attention for other alternatives for business and international payments.
Moreover, PayPal has some strong invoicing, eCommerce, instalment preparing and detailing apparatuses, letting you acknowledge instalments for administrations and items with no issues. Many other PayPal choices are accessible with lower rates, better client support, and surprisingly better interfaces. PayPal is no longer the only choice for modern businesses.
Nowadays, the payment gateway service providers have updated themself in so many different ways with advanced features specializing for each customers’ needs.
In this article, you’ll learn 9 of the best sites that provide payment gateway services like PayPal accessible to assist you to choose which one is best for you and your commerce.
9 best international payment gateway service providers reviewed in this article:
When you want a place to store and use your debit and credit cards, Google Wallet is by far the best option. Spending money online is simple because you can place any of your cards on your phone to use at physical locations as well.
PayCEC is top of the list when it comes to letting customers shop in your online store. PayCEC does everything from collecting payments to delivering those payments to the bank.
The PayCEC system is pretty popular with online stores because the platform offers competitive pricing, reliable customer support and an interface that can be used by almost anyone. PayCEC offers a better option for those who would like to accept payments and access the most commonly used gateway on the globe.
It's one of the best options out there and it's no wonder that so many businesses operate with it.
Also read: How to integrate payment gateway in website?
2Checkout is one of our favourite PayPal alternatives, primarily since it's all about accepting and receiving payments from all over the world. As we have mentioned about PayPal, you're still to be limited in some nations you'll be able to acknowledge instalments from through PayPal. 2Checkout looks to alter that. In the US, the fees are precisely the same as PayPal, but we've found that other nations receive way better rates when tolerating payments from customers. You can calculate the payment estimating to see in the event that 2Checkout is more reasonable than PayPal in your nation.
The Braintree system provides a way for you to store your credit cards, similar to Google Pay, alongside a payment gateway and recurring billing. While some more personal finance apps are bundled into Braintree, for merchants we like it best. While PayPal owns Braintree, it still operates as a relatively independent business that competes with PayPal just fine.
This is a payment processing platform previously known as RBS Worldpay which supports a host of payment options including credit cards and debit cards. The network expands internationally, making it a major challenger to PayPal.
The principal distinction between the two is that both online and offline card purchases are mainly sponsored. So, much like PayPal, you can use Worldpay both in your eCommerce business and in-store.
Nevertheless, when it comes to offline purchases, it turns out that Worldpay is designed to support a large variety of networks. To accept credit card payments and cash, you can take advantage of its POS systems plus ATM processing and its mobile payment feature.
Worldpay also adds the same degree of flexibility to its pricing plan, which was designed to deliver tiered bundles as well as interchange plus. The amount you end up paying per month depends not only on your average monthly processing volume but also on the history of your transaction.
Amazon Payments is at the top of the list in terms of letting users shop in your online store. It speeds up the whole process, close to anything like PayPal (but not ACH or bitcoin transactions). We like to equate it to a Facebook profile, where all information about users is already stored. And the login, or checkout (with Amazon Payments) would be much quicker than a normal shopping cart and checkout.
Stripe is currently the most common of all PayPal alternatives and you can find that some eCommerce sites claim Stripe as their preferred processor of payment. For starters, Squarespace has long been collaborating with them and now Shopify provides its Shopify Payments platform through Stripe. The whole point of Stripe is that it removes the need for a gateway and a merchant account.
From receiving payments to submitting those payments to the bank (including ACH payments and Bitcoin transactions) all is done by Stripe. It's one of the best solutions out there and there's no wonder so many companies are working with it. Bear in mind that simple transaction fees are almost similar to PayPal's.
WePay is a card processing service launched to compete directly with PayPal, which primarily facilitates online payments. To complement that, however, a solid in-store processing system is yet to be established.
And besides, the lack of support for brick and mortar does not necessarily limit WePay's online features. To enable regular eCommerce transactions you will be able to set it up easily and capitalize on its safety features.
When it comes to online crowdfunding, WePay practically surpasses PayPal. It so happens that its functionality and API are well suited for this specific transaction type.
As a result, various third-party payment systems fit well with WePay. It turns out, however, and quite curiously, that it can not accept PayPal payments.
However, expect an ACH payment processing fee of 2.9 per cent plus $0.30 for each card transaction, and 1 per cent plus $0.30. And that is all. WePay is not going to charge you any more.
If you have previously tried using Shopify then you are probably familiar with Shopify Payments. It's an integrated payment processing system that comes as part of the entire Shopify platform by default.
Therefore you do not have to think about embedding an external gateway for payment. You can handle your transaction management program straight from the central dashboard of Shopify. The end result is a seamless integration between your payment system and your online store. Shopify Payments is not just about purchases made online. This also includes POS hardware enabling well-synchronized in-store payments.
Now, if the functionality of Shopify Payments does not attract you, maybe the corresponding privileges would. You see, though using PayPal on Shopify would require you to pay transaction fees above card processing fees by 0.5-2 per cent, Shopify Payments qualifies you for zero transaction rates.
In fact, you will only be charged the card processing fees, the rates of which are based on your particular Shopify plan. The highest they will go is 2.9 per cent plus $0.30 per transaction, while the lowest amount is 2.4 per cent plus $0.30 per transaction.
After that, the corresponding payouts are scheduled for every three business days. In comparison, PayPal takes between 5-7 business days.
It can be understood that some users used to be unwilling to move away from PayPal because problems with compatibility always arose. That's no longer the case, though, and in fact, you can find more reliable solutions for doing business in different parts of the world.
Many of the above solutions are best for personal sending and receiving while others are best for e-commerce payments. Consider 2Checkout if you wish to complete transactions in any country. On the other side, Google Checkout is good for storing tickets, while PayCEC and Stripe are eCommerce favourites.
If you have any questions regarding the best sites like PayPal above, please inbox us.
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PayCEC is a fully worldwide payment network that not only allows merchants to be paid immediately and securely, but also allows them to withdraw money in multiple currencies to their company accounts.