Did you know? An estimated 730 billion is spent every year. This is great news for the payment processors this approaching 2023, as it means more customers and businesses looking to make payments online and in-store.
As a business owner, you know that it’s important to stay up-to-date on the latest payment processors. This will help ensure that your customers have a smooth, secure, and easy checkout experience and that you’re able to accept payments from all over the world. In this blog post, we’ll be discussing the best payment processors for eCommerce in 2023. Stay ahead of the curve by choosing one of these payment gateways!
Stripe
Stripe is a cloud-based payment tool that helps users manage and accept transactions online. It’s an end-to-end platform capable of processing online payments, which makes it perfect for online businesses or e-commerce. It also provides a wide range of products that address essential stages in the payment process. The payment tool provides a one-stop shop solution for managing, settling, processing, and accepting payment. Its billing models are intended for rapidly-expanding businesses. This gives users the ability to bill customers on an automated recurring basis or via an on-off invoice. The platform functions well in any kind of business model. Its simple system comes with pre-installed UI components as well as prioritizing APIs for customizations.
The best features Stripe has to offer are:
- Authorization
- Dispute Handling
- Financial Reporting
- Clean Canvas
- Invoice
- Open-Source Plugin
- Payment Options
- Mobile Customer Interface
- Embeddable Checkout
- Multicurrency Payouts
- Roles and Permissions
- Accounting Integrations
- Unified Payout
- Payout Timing
- Consolidated Reports
- Custom UI Toolkit
- Collaboration Notes
PayPal
PayPal is one of the oldest payment processors on the market, and it has a user base of over 300 million people. It’s easy to use for customers, and you can quickly integrate it into your website or app. PayPal also offers a range of marketing integrations and fraud protection tools, as well as analytics to help you keep track of your transactions. It can make the customer checkout process a lot simpler with its one-touch operation, which results in a speed boost and an increase in company sales. The platform is equipped with bank-grade technology that ensures the security of every transaction between vendors and their clients that utilizes the supported PayPal debit/credit cards. It allows the acceptance of payments on any front, whether it’s in-store, online, or by a bank, and it also enables users to email invoices to their customers.
PayPal’s strongest points are:
- Accept Payments Online
- Mobile Card Reader
- Credit Card Reader
- Barcode Scanning
- Express Checkout
- Online Invoicing
- Virtual Terminal
- Inventory Tracking
- Bill Me Later
- Shopping Cart
- PCI Compliance
Apple Pay
Apple Pay is the tech giant’s mobile payment app for card-free, cashless transactions. The app allows users to transact online including in-app (iOS) and onsite via contactless technology. It also supports Windows and is an ideal payment gateway for businesses of any size. Leveraging Apple’s extensive consumer network, the mobile payment software provides retailers a way to offer their iPhone-totting customers an easy way to transact business. For large eCommerce sellers, Apple Pay is an excellent add-on to their payment channels. With a wider choice, customers are likely to enjoy smoother, uninterrupted engagement with your business. The app is free for buyers using Apple devices, while merchants are not charged a transaction fee. As for security, the most valued brand in the world guarantees the protection of credit card details from prying eyes. This information is inaccessible even to merchants and app owners.
Apple Pay’s top features are:
- Good payment channel add-on
- Secure platform
- Enhance customer experience
- Bypass payment processing
No matter which payment processor you choose, take advantage of marketing integrations and fraud protection tools available to help your business succeed!
Good luck!
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