Setting up your Ecommerce business involves a lot of
Online payment processing providers make Ecommerce possible for many new or small businesses. Processing digital payments require fast, secure communication between the vendor and the customer’s bank. Without payment processing providers to facilitate this process, digital transactions would be virtually impossible.
When setting up your business for Ecommerce, you will have a number of online payment companies to choose from. Some of these payment processing companies are better for handling large volumes, while others might be better for those who prefer high security. Whatever the unique needs of your business, there are likely multiple payment processing providers that suit you. Here are some of the top payment processing companies for Ecommerce businesses.
PayPal
Best For:
Low volume transactions
Online Payment Fees:
3.49% of payment prices, plus a $0.49 transaction fee.
About:
PayPal is one of the most widely known payment processing providers on the web. But
PayPal can be set up to work with mobile wallets like Venmo, Apple Pay, or Google Pay. It can also be connected to bank accounts for card processing.
The only real drawback of PayPal is that it is not great for handling
Amazon Pay
Best For:
Amazon vendors
Online Payment Fees:
2.9% of payment price, plus a $0.30 transaction fee.
About:
The Amazon Pay API allows users to make payments on
When you use Amazon Pay as your online payment processor, your customers simply pay on your company website through their Amazon accounts. Amazon takes a small commission for the transaction, at an affordable rate relative to other payment processing companies.
The downside of Amazon Pay is that it is severely limited in the types of payments it allows. Customers need to have an Amazon account in order to make a payment through Amazon Pay.
PaymentCloud
Best For:
Online Payment Fees:
About:
Because they work with
There are a couple of drawbacks that come with using PaymentCloud. First, it is not as flexible as other payment processing providers. Second, PaymentCloud has no listed fees on its website. Company fees are instead based on a quote, which is determined on a
Square
Best For:
General commerce, fast setup
Online Payment Fees:
2.9% of payment price (or 2.6% with the Premium plan), plus a $0.30 transaction fee.
About:
Square is a very popular payment processing provider due to the ease and convenience of its setup. Square is an
Square is also compatible with all major credit card providers and mobile wallets like Apple Pay and Google Pay.
While Square does have an online payment processor, it is not as robust as other dedicated online payment companies.
Helcim
Best For:
High volume transactions
Online Payment Fees:
Interchange plus 0.5% of payment price, plus a $0.25 transaction fee, with volume discounts.
About:
Helcim is regarded as one of the best
Helcim requires no dedicated hardware. Businesses simply create an account and can start accepting Ecommerce transactions right away. A card reader is available for
For Ecommerce, Helcim works with all major credit cards and debit cards, as well as mobile wallets.
Stripe
Best For:
Ecommerce
Online Payment Fees:
2.9% of payment price (3.9% for international credit cards), plus a $0.30 transaction fee.
About:
Stripe is widely regarded as the best and most flexible online payment processing provider. Stripe’s software is extremely easy to integrate with just about any Ecommerce store. This makes it ideal for companies that primarily conduct business online. Stripe easily integrates with most other major programs, like QuickBooks or Mailchimp.
Stripe also has a wide range of extensions and additional business solutions, making it more versatile than other payment processors. For instance, Stripe Billings can automatically manage your company’s bills and subscriptions each month.
Another reason why Stripe is so highly regarded is its flexibility. Stripe accepts a wider variety of digital payment methods than most online payment companies. That includes all major credit and debit cards, mobile wallets, and international payments.
Stripe is also highly affordable, allowing for custom payment plans. Like others on this list, there are no subscription or startup fees. Setup is easy, and Stripe offers 24/7
There are no major downsides to using Stripe as your payment processing provider for Ecommerce transactions. This is why Stripe is supported by the Ecwid Ecommerce platform.
Learn More About Building Your Ecommerce Platform
Choosing the right online payment processing company is one important step in setting your company up for Ecommerce. But there is much more to optimizing your business for digital commerce than processing payments. Ecwid is here to help with that by making it easier than ever to set up your web store for Ecommerce. We’re also here to help you understand what’s essential. Be sure to follow our blog for more useful articles on building and operating your Ecommerce platform.
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