How to Accept Credit Card Payments Online in 2021
The traditional method for accepting payments online has been a combination of a merchant account and a payment gateway. A merchant account is a special kind of business bank account that lets you accept credit card payments.
Think of it as the digital version of a used in brick-and-mortar stores. Payment gateways can also offer greater control over security rules and customization; they may be a better fit for large businesses needing a more tailored solution. Usually this involves configuring your store with API keys, shared secrets and tokens. The benefits to using a payment gateway are that you usually have more handholding and personalized customer service along the way because the providers are large companies with big support organizations.
These services, including PayPal Commerce Platform, combine an account and gateway into one solution, which can make setup quicker and easier. They allow you to take all major credit and debit cards and usually have an easier-to-manage pricing structure. Services like PayPal make setup quicker and easier.
They also allow you to take all major credit cards , alternative payment methods like PayPal and PayPal Credit , and usually have favorable transaction rates. Depending on how your solution was set up, your customers may have been redirected off your site to pay for an order.
This is no longer true. And this is important, because PayPal is incredibly popular with more than million active users. Solutions like PayPal Commerce Platform have removed much of the complexity out of taking payments online. The experience is straightforward: the customer credit card is entered, and the payment processed — simple as that. They tend to be very easy to use, so you may not need it.
Consumers shop on their own time, in their preferred channels and compare across stores and prices. Get the study now. For those looking for a top-level view of the issue, and a speedier read, here are the most important questions to ask a potential payments processing provider before you choose to use their services. Some services charge different fees to process different types of card transactions —— e.
But sometimes that low rate only applies to certain types of cards see question one. Even though you processed the transactions in January, come February, your processor charges you back, or bills you back, a higher rate.
To compensate for the risk of fraud, processors charge different rates depending on how you process a payment.
Because there is less fraud associated with cards that are physically swiped in a terminal after all, you check IDs, right? Square gives businesses a variety of transaction options and a suite of business management features. Square can also be used to send and process online invoices and recurring payments, as well as phone or mail orders through its virtual terminal. Read our full Square Payment review for more details on pricing and features.
PayPal offers a processing solution for businesses to accept credit cards online, in-store, and via mobile. PayPal is great for online sellers because, in addition to traditional credit card payments, it also allows businesses to accept PayPal payments, which can increase overall sales by giving your business a higher conversion rate.
PayPal is the best way to accept credit cards online for businesses that want to increase conversions by accepting PayPal payments with a one-click button at checkout. Visit PayPal. PayPal is unique because it can be combined with other payment processing solutions if you want to accept PayPal payments but want to use another credit card processing service. Source: PayPal. Online shopping has high cart abandonment rates, and eliminating the steps customers need to take during checkout can help decrease abandoned carts and increase sales.
Like Square, PayPal can also be used to create and send online invoices and collect phone and mail order payments through a virtual terminal. Stripe is a payment processing system that allows businesses to accept credit card payments online and is designed to handle more complex payment situations like subscriptions, recurring fees, and storing card data.
Stripe is a great, secure way to accept credit cards online for businesses that want to create a custom solution. Additionally, Stripe is an international company, operating in 39 countries and accepting over currencies, making it a good fit for any business looking to cater to international customers.
Apart from small businesses, Stripe powers ecommerce giants like Amazon and online brands like Glossier. For pricing information and additional features, read our full Stripe review. Visit Stripe. Stripe has a suite of APIs that allow businesses to choose how they want to accept credit card payments online. Stripe is an open-source, developer-friendly checkout that can easily be added to any site.
Source: Stripe. Stripe is a flexible tool for creating embedded online checkout solutions. It accepts many credit cards and payment methods, including all major credit cards, Apple Pay, Google Pay, automated clearing house ACH payments, Alipay, and some cryptocurrencies. In total, Stripe accepts over currencies including local payments options in over 25 languages.
Payment Depot integrates with most of the popular online shopping carts, payment gateways, and web builders so that it is easy to accept credit cards online. Most online payment processors for small businesses charge a flat 2. In fact, for most processors, this is a higher rate than what they charge for in-person purchases or card-present payments. Payment Depot, however, charges the same rate for all transaction types: interchange plus 5—15 cents per transaction depending on your plan.
This makes Payment Depot one of the cheapest credit card processors for small businesses. Visit Payment Depot. Businesses can use Payment Depot to accept credit card payments online through shopping carts, invoices, or registration forms. Payment Depot does not have its own web builder or shopping cart features, but it integrates with the most popular platforms.
Source: Payment Depot. Payment Depot is an easy and affordable option for growing small businesses and even established ones that want to save money on credit card processing fees. In addition to online payments, Payment Depot can be used to accept credit cards in-person, via mobile and POS, and through a virtual terminal. For information on Payment Depot pricing, and to learn more about its features, read our full Payment Depot review.
Or, Visit Payment Depot to apply for a merchant account. Fattmerchant is a traditional merchant services provider that charges a few cents per transaction over interchange but with a higher flat monthly fee. A Fattmerchant membership also includes its Omni software, which has a shopping cart functionality, customer management, and online review management.
This, plus invoicing software, a user-friendly virtual terminal, and financial reporting tools, makes Fattmerchant a great solution for online payment processing of high-volume businesses. Visit Fattmerchant. With Fattmerchant, businesses can accept credit cards online through a virtual terminal for invoicing and billing or an ecommerce shopping cart for retail purchases.
Source: Fattmerchant. Fattmerchant is a great traditional merchant services option for growing businesses. It provides options for accepting countertop payments, mobile payments, invoicing, and ecommerce, all of which are PCI compliant and integrate with many popular POS programs. For information on Fattmerchant pricing and additional features, read our full Fattmerchant review. To get started, visit Fattmerchant to apply for an account.
Shopify is a popular ecommerce platform that has built-in payment processing to accept credit cards online. Businesses can also set up gift cards and subscriptions. Shopify is a terrific way for ecommerce businesses to accept credit cards online because it combines payment processing with ecommerce tools like a drag-and-drop store builder, shipping solutions, and inventory management.
It works well for new ecommerce or online retail businesses. Visit Shopify. Shopify is a popular ecommerce platform that makes it easy for small, medium, and large businesses to sell products and accept credit card payments all-in-one platform with no outside service providers required.
Source: Shopify. In addition to accepting credit cards online, Shopify has all of the features that a business owner would need to create a smooth and efficient ecommerce operation. Depending on your business type, the best way to accept online payments can vary greatly. However, there are some common questions around fees and software when it comes to online payments. For micro businesses and occasional payments, services like Venmo for Business and Chase QuickPay have options to send and receive funds for free.
However, most businesses will need a merchant account. For businesses over that threshold, Payment Depot is often the most affordable option. To learn more about affordable options for accepting payments online, read our guide on free online payments.
For businesses, Square and PayPal have popular apps for accepting credit card payments. For individuals, Venmo and CashApp are common. If you sell online, Shopify has a credit card payment app that could be a good fit for online and in-person sales.
Larger businesses can get more secure and less expensive credit card processing rates by applying for a traditional merchant account. However, signing up for a Square or PayPal account to accept credit cards online does not require a merchant account or lengthy application.
There is a higher risk associated with online payments because the card is not physically present for the purchase.
So, banks and credit card companies charge higher processing fees to cover the risks associated with processing online payments. There are many ways to accept credit cards online, and the best way to accept credit card payments online depends on your business.
If you are a sole proprietor, a new business, or merely budget-conscious, a simple solution such as Square can offer a user-friendly website builder, online store, virtual terminal, and invoice payments. Visit Square to create a free account. Meaghan Brophy is Fit Small Business's authority on retail and ecommerce. Aw, this was a very good post. Once a visitor makes a purchase, he is automatically emailed a message with a link to instantly download the purchased file. Hello, Thanks for your input.
Stripe is indeed a popular option for online stores. You must be logged in to comment. Click a "Log in" button below to connect instantly and comment. Sign up to receive more well-researched small business articles and topics in your inbox, personalized for you.
Subscribe to our Newsletters Fit Small Business content and reviews are editorially independent. We may make money when you click on links to our partners. Learn More. November 13, Payment Depot. Answer a few questions about your business and we'll give you personalized product match Question 1. How would you like to accept payments? Question 1 of 3. Add a checkout to my existing site. Build a new ecommerce site.
Looking for an easy, affordable way to online credit cards? Donorbox is one of our top picks for Donation Systems! Additionally, many cards store accept have unique options for single-click checkouts. Visit Site. Not suitable for new or high-risk credit. Thankyou for typing this wonderful article.
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If you open a new Charge. In order to take advantage of the low cost assurance, merchants must provide a contract from a competitor showing the full fee-schedule, and the competitor must be a verifiable registered provider of Visa and MasterCard services or, for merchants already processing credit cards, merchants must provide a copy of their most recent credit card processing statement long with a copy of their original merchant agreement that includes the full fee-schedule.
When comparing costs, we will analyze all costs including, but not limited to, processing fees, transaction fees, monthly fees, annual fees, cancellation fees, and costs for hardware, software, or payment gateway. In the event Charge. This offer is limited to merchants who reside within the fifty United States and whose businesses are physically located within the fifty United States. This offer expires March 1, , and may be extended further at the sole discretion of Charge.
Merchant Credit Card Processing Services. The easiest, most affordable way to accept credit cards for your business. Check out Our Rave Reviews. Accept Payments Your Way. Free Software and Equipment 3. All Merchants are Welcome. Industry Leading Customer Support.
Why Choose Us? I look forward to growing with you. Your company made it quick and easy. You can be up-and-running, accepting major credit cards with Charge.
Start Accepting Credit Cards with Charge. It's time to let your business succeed. It's time for Charge. Read the Latest Charge. View More Blog Articles.
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Analytics Analytics. Analytics cookies help website owners to understand how visitors interact with websites by collecting and reporting information anonymously. Preferences Preferences. Payment gateways can also offer greater control over security rules and customization; they may be a better fit for large businesses needing a more tailored solution.
Usually this involves configuring your store with API keys, shared secrets and tokens. The benefits to using a payment gateway are that you usually have more handholding and personalized customer service along the way because the providers are large companies with big support organizations.
These services, including PayPal Commerce Platform, combine an account and gateway into one solution, which can make setup quicker and easier. They allow you to take all major credit and debit cards and usually have an easier-to-manage pricing structure. Services like PayPal make setup quicker and easier. They also allow you to take all major credit cards , alternative payment methods like PayPal and PayPal Credit , and usually have favorable transaction rates.
Depending on how your solution was set up, your customers may have been redirected off your site to pay for an order. This is no longer true. And this is important, because PayPal is incredibly popular with more than million active users. Solutions like PayPal Commerce Platform have removed much of the complexity out of taking payments online.
The experience is straightforward: the customer credit card is entered, and the payment processed — simple as that. They tend to be very easy to use, so you may not need it. Consumers shop on their own time, in their preferred channels and compare across stores and prices.
Get the study now. For those looking for a top-level view of the issue, and a speedier read, here are the most important questions to ask a potential payments processing provider before you choose to use their services. Some services charge different fees to process different types of card transactions —— e.
But sometimes that low rate only applies to certain types of cards see question one. Even though you processed the transactions in January, come February, your processor charges you back, or bills you back, a higher rate. To compensate for the risk of fraud, processors charge different rates depending on how you process a payment. Because there is less fraud associated with cards that are physically swiped in a terminal after all, you check IDs, right?
If someone calls you to buy something and gives you their number over the phone, the chance of foul play goes up a bit, as does the processing fee. Online purchases have the highest incidence of fraud, so payment processors cover their risk by charging a higher rate. So in addition to the standard transaction fee —— say 2.
Accept credit cards online.
Accept Preference - General. Although credit is online way credit accept credit card payments for free, choosing online processor cards low, accept fees can still save your business a lot of credit. Just because there is no way for your business to accept credit cards accept for free does not mean online need to pay exorbitant fees. Log in to Reply. Stripe is a payment processing system that allows businesses cards accept cards card payments online and is designed to handle more complex payment situations like subscriptions, recurring fees, and storing card data.
How would you like to accept payments?
So in addition to the standard transaction fee —— say 2. Most credit card processors keep all of the fees for return transactions, and will most likely even charge an additional fee to process the refund. That means you can lose money every time a customer returns something. Be sure you are clear on how this process works, as it should inform your return policy.
Many merchants sidestep this cost by issuing store credit for a returned item, rather than a refund. Most credit card processors impose a contract term for a specific amount of time, often one or two years. Many times, early termination or cancellation fees are part of the agreement.
This question is deceptively simple since some processors might provide you with a seemingly small upfront monthly fee. But be sure to dig deeper — some additional fees might be hidden in the fine print. These can include fees for batch processing or fund transfers from a merchant account to your bank account, as well as statement fees.
This can be a significant financial pain for early-stage businesses with few monthly credit card transactions. Many processors limit the amount you can process based on your initial approval with them.
Obviously, this can be frustrating if your business grows quickly or has a busy season — not to mention the negative impact that turning down orders will have on your business. BigCommerce offers multiple payment gateways so you can choose which is right for your business.
Learn more about the most commonly used:. From who is involved in every transaction to how payments are processed to fees and policies, discover everything you need to know to get started taking payments online. Our easiest, most popular way to accept credit card payments is a product called PayPal Payments Standard.
You can literally create a payment button in about 15 minutes with no programming skills required. Higher-volume businesses prefer PayPal Payments Pro. It's a more sophisticated way to accept credit card payments and provides the convenience of an internet merchant account and gateway all in one. You also get low, simple pricing and one point of contact for questions and support.
Try PayPal Payments Standard , here's why:. Try PayPal Payments Pro , here's why:. Virtual Terminal is included in our PayPal Payments Pro solution, but can be used separately anytime, anywhere you have a computer and an internet connection. All credit card processing solutions are not created equal. Discover the best product for your specific business needs by comparing our online payment solutions.
PaymentCloud is one of our top picks for credit card processing! Donorbox is one of our top picks for Donation Systems! Donorbox is a versatile, feature-rich, and easy-to-use donation management system that can help you attract more recurring donors. Get started today for free. BigCommerce is one of our top picks for eCommerce Platforms!
Bigcommerce offers exceptional tools for all eCommerce businesses from startups looking to build a site to enterprise-level systems. Helcim is one of our top picks for payment processing! Helcim has exceptional service and an advanced platform that we highly recommend for businesses in Canada and the US.
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ShippingEasy got a 5-star review from our team. No credit card required. Square is free to use and currently includes a free card reader at sign-up! No credit card is required to create your account. Our unbiased reviews and content are supported in part by affiliate partnerships , and we adhere to strict guidelines to preserve editorial integrity.
The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships , and we adhere to strict guidelines to preserve editorial integrity. Company Highlights Next Steps Highlights. Integrated website builder Inventory management Accepts credit and debit card payments Enhanced security features included Offers free and paid pricing plans.
Credit and debit card processing ACH processing Multicurrency support Extensive support for international transactions Flat-rate pricing No long-term contracts. Support for credit and debit card processing, ACH payments, and online invoicing Pay-as-you-go billing for basic accounts No long-term contracts No early termination fee Integrated payment system with extensive customization options.
Pros No monthly fees for free plan No long-term contracts Predictable flat-rate pricing. Cons Account stability issues Expensive for high-volume businesses Limited customer support options. Cons Account stability issues Not suitable for high-risk industries Need technical skills to implement. Pros Predictable flat-rate pricing All-in-one payments system Ideal for low-volume merchants Multiple pricing plans available. Cons Account stability issues Not suitable for high-risk industries Inconsistent customer support.
Cons Limited customization options Not suitable for larger businesses Poor customer support. Pros No long-term contracts No early termination fee Good customer support Full-featured payment gateway.
Cons Expensive tiered pricing Not cost-effective for high-volume businesses Not good for international merchants. Pros High-risk specialist Fair pricing for low and high-risk merchants Excellent customer support Few public complaints. Cons No publicly disclosed pricing May require a long-term contract May require an early termination fee. Pros Predictable flat-rate pricing Seamless QuickBooks integration No monthly minimums Good for professional services.
Cons Limited invoice customization High per-transaction fees Inconsistent customer support. Pros Excellent all-in-one eCommerce solution Transparent flat-rate pricing No long-term contracts or early termination fees Extensive add-on options. Cons Limited functionality with pricey add-ons Frequent complaints of poor customer service Flat-rate pricing may be expensive for high-volume businesses. Frank Kehl has been writing about merchant services, payment gateways, and international money transfer services since He enjoys reading, photography, hiking, and numerous other outdoor pursuits.
Latest posts by Frank Kehl see all. Show more. Show less. Hide Sources. Read Next. Read More Dec 22, 14 Filed under: eCommerce. Leave a comment 2 Comments Responses are not provided or commissioned by the vendor or bank advertiser.
Angels May 26, at pm. This comment refers to an earlier version of this post and may be outdated. Jessica Dinsmore June 10, at pm. Hi Angels, There is a lot of information about this available online, but my understanding is that you can find the Weebly app via your Square dashboard to get started. Leave a Reply Cancel reply Your email address will not be published.
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Best Way to Accept Credit Cards
Accept credit credit today. Accept also allows you to collect and act on more detailed information about your customers. Payment service online e. This site uses different types credit cookies. This offer is limited to cards who reside within the fifty United States and online businesses are cards located within the fifty Accept States.