How to accept credit cards online

By | Thursday, May 6, 2021

Navigare

  • All-in-One Solutions
  • The Complete Guide To Processing Payments Online: Website Credit Card Processing, Invoices, & More
  • Merchant Account + Payment Gateway
  • Please select topics of interest
  • All-in-One Solutions

    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. Create a new webpage. Through invoices. Virtual terminal. What is your estimated monthly sales volume?

    Question 2 of 3. Question 3 of 3. Not sure. Square Online Payment Pros. PayPal Pros. Larger businesses may find more stability and lower prices with an alternative.

    Stripe Pros. Payment Depot Pros. Fattmerchant Pros. Shopify Pros. Sign up to receive more well-researched retail articles and topics in your inbox, personalized for you. This email address is invalid. Email Join The List. User reviews and comments are contributions from independent users not affiliated with FitSmallBusiness.

    As such, they do not endorse or guarantee any posted comments or reviews. There are lot of online transaction techniques but I thinK Paypal is the best. Log in to Reply. Hi Moolah, Thanks for commenting and thanks for stopping by! Mandy, Moderator. Thanks for reading! Glad the info was helpful. Cheers, Krista. Load More Comments Loading Submit Your Comment Cancel reply You must be logged in to comment.

    Shopify Payments is a payment service provider and uses Stripe Payments as its back-end processor. While payment service providers such as PayPal, Square, and Shopify Payments are very easy to sign up for and are sometimes the only option for new businesses , there is a bit less account stability. Get Started with Shopify Payments.

    If yes, do you like your website? Would you rather abandon it for a better site with more features? Very small and part-time businesses can get away with using online invoicing software or social media to make their sales. However, for any full-time operation, we strongly recommend that you have a website to promote your business and process credit card payments online.

    The ongoing COVID pandemic has only emphasized just how important it is for businesses to stake out their corner of cyberspace in the 21 st century. When it comes to numbers, you need to look at both upfront costs and monthly or yearly costs. How much can you spend at the outset, and how much do you expect to be able to afford on a monthly or annual basis? Keep in mind that the more technically-advanced your website, the more you can expect to pay to build and maintain it.

    Likewise, the more inventory you have, the more you can expect to pay. ACH payments are often preferred in B2B environments, but some consumers favor them, too. You should also consider alternative payment methods, such as Apple Pay, which can be much less expensive to process than other card-not-present options. Payment service providers e. Instead, they aggregate all of their users into a single shared merchant account. This practice simplifies the account setup process by eliminating the need for credit checks for low-risk businesses.

    Additionally, traditional merchant accounts are often only available to businesses that process higher volumes, which can cause a huge stumbling block for a smaller business that is just launching or an owner without established credit. As a general rule, payment service providers work best for small, low-volume, and seasonal businesses. Established businesses with a higher processing volume should invest in a full-service merchant account.

    If you want to sell online, security is critical. That means ensuring your site is PCI compliant. The more involved you are in the payments process and the more sensitive information your website handles, the more burden you are taking upon yourself. In many cases, you may not need to do anything because the sensitive data is all tokenized or hosted elsewhere!

    QuickBooks , for example, is the industry leader in small business accounting and a great product. However, the optional QuickBooks Payments processing service is somewhat limited in its features.

    You certainly do not have to have a website to take payments online anymore, but making a website has also never been easier. Responses are not provided or commissioned by the vendor or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser. Thankyou for typing this wonderful article. I also own a square and have a weebly website for fun. I didnt realize square and weebly have a connection now.

    Well, I have both….. 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. Best of luck! Your email address will not be published. Your Review. Comment moderation is enabled. Your comment may take some time to appear. Please read the " User Review and Comment Policy " before posting. Get Started With Featured Pick! Get Started. Try QuickBooks Today. Fattmerchant is one of our top picks for Credit Card Processing!

    We love Fattmerchant as a credit card processor for its predictable pricing, excellent service, and integrated billing features. Earn 1. BlueVine's small business checking has a 1.

    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. Get three months free when you sign up with Helcim through our links! OnDeck is one of our top picks for Business Loans! OnDeck is our featured vendor for business loans and lines of credit.

    Lendio is a free-to-use marketplace that allows you to compare lenders side-by-side. Our reviewers like ADP Payroll for its advanced employee management, strong payroll features, and great customer support. We love Revel POS for its advanced features and exceptional versatiliy in both the retail and restaurant industries. Get a demo today to find out everything Revel has to offer! The SBA has expanded their loan portfolio and we have the list that no one else is talking about yet — Sign up for our newsletter to get your free copy!

    Fundera is one of our top picks for SBA loans! Fundera is a free-to-use marketplace that allows you to compare lenders side-by-side. Easily find SBA 7 a loans alongside other financing options. ShippingEasy is one of our top picks for shipping software! ShippingEasy got a 5-star review from our team. No credit card required. 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.

    How to accept credit cards online

    Just about accept provider cards the market how QuickBooks integration credit this accept, although some do a better cards on the technical details than others. The first step in accepting credit card payments online is choosing a payment processor. Or, Credit Payment Depot to apply online a merchant account. Square Online Payment Pros. A merchant account is a special how of business bank account that lets you accept credit card payments. Online monthly fee. Your customers follow the link, enter their payment details, and bam!

    The Complete Guide To Processing Payments Online: Website Credit Card Processing, Invoices, & More

    Shopify Payments is a payment service provider and uses Stripe Payments as its back-end processor. While payment service providers such as PayPal, Square, and Shopify Payments are very easy to sign up for and are sometimes the only option for new businesses , there is a bit less account stability. Get Started with Shopify Payments.

    If yes, do you like your website? Would you rather abandon it for a better site with more features? Very small and part-time businesses can get away with using online invoicing software or social media to make their sales. However, for any full-time operation, we strongly recommend that you have a website to promote your business and process credit card payments online.

    The ongoing COVID pandemic has only emphasized just how important it is for businesses to stake out their corner of cyberspace in the 21 st century. When it comes to numbers, you need to look at both upfront costs and monthly or yearly costs. How much can you spend at the outset, and how much do you expect to be able to afford on a monthly or annual basis?

    Keep in mind that the more technically-advanced your website, the more you can expect to pay to build and maintain it. Likewise, the more inventory you have, the more you can expect to pay. ACH payments are often preferred in B2B environments, but some consumers favor them, too.

    You should also consider alternative payment methods, such as Apple Pay, which can be much less expensive to process than other card-not-present options.

    Payment service providers e. Instead, they aggregate all of their users into a single shared merchant account. This practice simplifies the account setup process by eliminating the need for credit checks for low-risk businesses. Additionally, traditional merchant accounts are often only available to businesses that process higher volumes, which can cause a huge stumbling block for a smaller business that is just launching or an owner without established credit.

    As a general rule, payment service providers work best for small, low-volume, and seasonal businesses. Established businesses with a higher processing volume should invest in a full-service merchant account. If you want to sell online, security is critical. That means ensuring your site is PCI compliant. The more involved you are in the payments process and the more sensitive information your website handles, the more burden you are taking upon yourself.

    In many cases, you may not need to do anything because the sensitive data is all tokenized or hosted elsewhere! QuickBooks , for example, is the industry leader in small business accounting and a great product. However, the optional QuickBooks Payments processing service is somewhat limited in its features. You certainly do not have to have a website to take payments online anymore, but making a website has also never been easier.

    Responses are not provided or commissioned by the vendor or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser. Thankyou for typing this wonderful article. I also own a square and have a weebly website for fun.

    I didnt realize square and weebly have a connection now. Well, I have both….. 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.

    Best of luck! Your email address will not be published. Your Review. Comment moderation is enabled. Your comment may take some time to appear. Please read the " User Review and Comment Policy " before posting. Get Started With Featured Pick! Get Started.

    Try QuickBooks Today. Fattmerchant is one of our top picks for Credit Card Processing! We love Fattmerchant as a credit card processor for its predictable pricing, excellent service, and integrated billing features. Earn 1. BlueVine's small business checking has a 1.

    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.

    Get three months free when you sign up with Helcim through our links! OnDeck is one of our top picks for Business Loans! OnDeck is our featured vendor for business loans and lines of credit. Lendio is a free-to-use marketplace that allows you to compare lenders side-by-side.

    Our reviewers like ADP Payroll for its advanced employee management, strong payroll features, and great customer support. We love Revel POS for its advanced features and exceptional versatiliy in both the retail and restaurant industries. Get a demo today to find out everything Revel has to offer! The SBA has expanded their loan portfolio and we have the list that no one else is talking about yet — Sign up for our newsletter to get your free copy! Fundera is one of our top picks for SBA loans!

    Fundera is a free-to-use marketplace that allows you to compare lenders side-by-side. Easily find SBA 7 a loans alongside other financing options. ShippingEasy is one of our top picks for shipping software! 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. 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.

    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.

    Merchant Account + Payment Gateway

    How to accept credit cards online

    Fundera is a free-to-use marketplace how allows you to online lenders side-by-side. Established businesses with a higher online volume should credit in a full-service merchant account. Cards a few questions accept your business credit we'll give you personalized product match How 1. Those wanting a accept checkout that can be cards to any site. Limited customer support.

    Please select topics of interest

    Get the study now. Stripe Pros. Accept 1 of 3. Payment Depot does not how its own web builder or shopping cart online, but it integrates with cards most popular platforms. Well, maybe. This guide will walk you through the credit, giving you all the information you need to find the right match for your business, including:.

    For example, Payment Depot, PayPal, and Fattmerchant all offer payment gateways in addition to merchant services. Many also offer tools to build a website. For example, Square has tools to build an online store or checkout page.

    Meanwhile, Shopify lets businesses create a full ecommerce site. A few of the providers, like PayPal, Square, and Fattmerchant, also offer user-friendly invoicing tools to accept payments through email invoices.

    Below, we walk through the specific online payment features of each provider and how to use them to accept payments online. Square is great for businesses that want to accept credit cards online because it is free and fast to set up. Plus, Square has affordable processing fees for new businesses and a free point-of-sale POS system for accepting in-person payments. Square is the best fit for small and startup businesses that want a solution that has no monthly fee, minimum transaction requirements, or an application process.

    Visit Square. Square makes it easy for small businesses to accept payments online by offering a few different solutions, all with no contract. Businesses can create a free website through Square, connect Square payments to one of their ecommerce partners like WooCommerce, BigCommerce, and Wix, or use Square application programming interfaces APIs to add Square Checkout to your custom website.

    Source: Square. Square is a top-rated all-in-one payment processing and point-of-sale system for many reasons. 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. Jump back to comparison chart 5. PaySimple PaySimple. PaySimple bridges the gap between payment service providers such as Square and PayPal that cater to very small businesses and traditional full-service merchant account providers.

    The PaySimple online store builder can easily add invoicing and payment features to your website — without needing a developer to make it happen. More affordable interchange-plus pricing is, however, available to higher-volume businesses that ask for it. Be sure to check out our full review of PaySimple for more details! Jump back to comparison chart 6. PaymentCloud PaymentCloud. PaymentCloud is a great choice for both high-risk and low-risk eCommerce businesses.

    The company does not disclose its pricing on its website, but that is not uncommon among traditional merchant account providers, especially those that deal in high-risk industries.

    We do know that PaymentCloud offers both tiered and interchange-plus pricing. Tiered pricing can get pretty hazy and hard to predict, so we recommend pressing for that interchange-plus quote if you do give the company a call. PaymentCloud primarily uses the popular Authorize.

    Net payment gateway, which can integrate with a wide variety of web builders and platforms. Net has a healthy developer toolbox and an open API in the event you opt to customize. The company also offers a virtual terminal and ACH processing to expand your payment options. For more information about PaymentCloud, including more details about pricing, features, customer service, and more, check out our full PaymentCloud review.

    Get Started with PaymentCloud. Jump back to comparison chart 7. Read our Review. QuickBooks is far and away the most popular option for online accounting software among small business owners.

    So it makes sense to get your payment processing from the same company that provides your accounting services, right? Well, maybe. Just about every provider on the market offers QuickBooks integration at this point, although some do a better job on the technical details than others. QuickBooks Payments is compatible with both Shopify and BigCommerce online shopping carts, making it easy to set up your business website to accept online payments. The company offers various plans that feature transparent, predictable, flat-rate pricing, and monthly plans that will give you lower processing rates in exchange for a monthly account fee.

    Get Started with Intuit Merchant Services. Jump back to comparison chart 8. Shopify Shopify Payments. Shopify earns a top spot in its own right because the entire platform is built with the online seller in mind, and it does an excellent job.

    Shopify is an easy-to-use option with numerous integrations, attractive templates, and advanced design tools that make it a very good value for the price. Shopify offers several types of payment buttons, including PayPal.

    If you never want to have a site at all, you can sync your Shopify inventory with numerous platforms, including Facebook Stores, Instagram Shoppable Posts, Amazon, eBay, and many others. Shopify Payments is a payment service provider and uses Stripe Payments as its back-end processor. While payment service providers such as PayPal, Square, and Shopify Payments are very easy to sign up for and are sometimes the only option for new businesses , there is a bit less account stability.

    Get Started with Shopify Payments. If yes, do you like your website? Would you rather abandon it for a better site with more features? Very small and part-time businesses can get away with using online invoicing software or social media to make their sales. However, for any full-time operation, we strongly recommend that you have a website to promote your business and process credit card payments online. The ongoing COVID pandemic has only emphasized just how important it is for businesses to stake out their corner of cyberspace in the 21 st century.

    When it comes to numbers, you need to look at both upfront costs and monthly or yearly costs. How much can you spend at the outset, and how much do you expect to be able to afford on a monthly or annual basis? Keep in mind that the more technically-advanced your website, the more you can expect to pay to build and maintain it. Likewise, the more inventory you have, the more you can expect to pay. ACH payments are often preferred in B2B environments, but some consumers favor them, too.

    You should also consider alternative payment methods, such as Apple Pay, which can be much less expensive to process than other card-not-present options. Payment service providers e. Instead, they aggregate all of their users into a single shared merchant account.

    This practice simplifies the account setup process by eliminating the need for credit checks for low-risk businesses. Additionally, traditional merchant accounts are often only available to businesses that process higher volumes, which can cause a huge stumbling block for a smaller business that is just launching or an owner without established credit.

    As a general rule, payment service providers work best for small, low-volume, and seasonal businesses. Established businesses with a higher processing volume should invest in a full-service merchant account. If you want to sell online, security is critical.

    That means ensuring your site is PCI compliant. The more involved you are in the payments process and the more sensitive information your website handles, the more burden you are taking upon yourself. In many cases, you may not need to do anything because the sensitive data is all tokenized or hosted elsewhere! QuickBooks , for example, is the industry leader in small business accounting and a great product.

    However, the optional QuickBooks Payments processing service is somewhat limited in its features. You certainly do not have to have a website to take payments online anymore, but making a website has also never been easier. Responses are not provided or commissioned by the vendor or bank advertiser.

    Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser. Thankyou for typing this wonderful article. I also own a square and have a weebly website for fun. I didnt realize square and weebly have a connection now. Well, I have both….. 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.

    Best of luck! Your email address will not be published. Your Review. Comment moderation is enabled. Your comment may take some time to appear. Please read the " User Review and Comment Policy " before posting. Get Started With Featured Pick! Get Started. Try QuickBooks Today. Fattmerchant is one of our top picks for Credit Card Processing! We love Fattmerchant as a credit card processor for its predictable pricing, excellent service, and integrated billing features.

    Earn 1. BlueVine's small business checking has a 1. 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. Get three months free when you sign up with Helcim through our links! OnDeck is one of our top picks for Business Loans! OnDeck is our featured vendor for business loans and lines of credit.

    Lendio is a free-to-use marketplace that allows you to compare lenders side-by-side. Our reviewers like ADP Payroll for its advanced employee management, strong payroll features, and great customer support. We love Revel POS for its advanced features and exceptional versatiliy in both the retail and restaurant industries.

    Get a demo today to find out everything Revel has to offer! The SBA has expanded their loan portfolio and we have the list that no one else is talking about yet — Sign up for our newsletter to get your free copy! Fundera is one of our top picks for SBA loans! Fundera is a free-to-use marketplace that allows you to compare lenders side-by-side. Easily find SBA 7 a loans alongside other financing options. ShippingEasy is one of our top picks for shipping software! 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.

    Leave a Reply

    Your email address will not be published. Required fields are marked *