10 Best Payment Methods For Your Ecommerce Site

Want to leap straight to the reply? The finest fee processor for most individuals are positively PaymentCloud, Square, or PayCafe.

To function a completely useful ecommerce web site, you want to have the ability to settle for funds out of your clients. Your complete enterprise revolves round getting paid.

There are tons of various choices for accepting funds on-line. Whether you could have an current ecommerce platform or when you’re beginning an ecommerce web site from scratch, your fee gateway must be a precedence.

You must have choices in place that may work for your whole clients as a result of everybody has totally different preferences.

I understand that not all of those choices shall be equal when it comes to the fee that you just’re paying to implement them in your web site. But in the long term, these fractions of a share gained’t make that a lot of a distinction while you weigh them towards the income out of your gross sales.

You gained’t suppose twice about it as soon as your conversion charges begin skyrocketing.

The Top 10 Best Payment Methods for Ecommerce Sites

For these of you who’re able to take your ecommerce platform to the following stage, I’ve narrowed down the most effective fee strategies for a quick and safe checkout course of in 2021.

These are the highest choices so that you can think about.

  • PaymentCloud – Best for If You Have High Average Monthly Transactions
  • PayCafe – Best for Detecting (and Fighting) Fraud
  • Square – Best If You Have a Brick-and-Mortar Too
  • Helcim – Best If You Do More Than $25,000 in Monthly Sales
  • Payoneer – Best for International Fund Transfers
  • 2Checkout – Best for Scaling International Ecommerce Stores
  • Payment Depot – Best If You Process More Than $50,000 Per Month
  • Stripe – Most Developer-Friendly Ecommerce Payment Method
  • Paypal – Best for Creating Your First Online Store
  • Google Pay – Best for One-Click Checkouts
  • #1 – PaymentCloud — Best Payment Methods for If You Have High Average Monthly Transactions

    • Integrates with all main ecommerce platforms
    • No setup or cancellation charges
    • Built-in buying cart resolution
    • Accept debit & bank cards, plus echecks

    Apply Today

    PaymentCloud is certainly one of our high suggestions to your ecommerce web site fee methodology.

    Not solely can it offer you a straightforward method for purchasers to buy your services, but it surely additionally affords top-notch security measures, together with fraud and chargeback safety.

    What actually units them aside, although, is their clientele. While most service provider options prohibit who they work with to “low risk” companies, PaymentCloud is without doubt one of the uncommon ones who’ve programs in place to work with increased threat companies.

    These are the companies that sometimes deal in issues with sticky compliance points—or would possibly get extra chargebacks than your common ecommerce websites. A couple of industries they gained’t shrink back from (although others would possibly) are:

    • Cannabis
    • Guns and ammos
    • Adult merchandise
    • Alcohol
    • Bail bonds
    • Vape merchandise
    • Tobacco merchandise
    • Credit restore
    • Debt consolidation

    Couple that with their chargeback and fraud safety characteristic, and also you’ve acquired a match made in heaven when you’re the next threat enterprise.

    They’re additionally an all-in-one ecommerce service provider. Instead of needing to Frankenstein collectively totally different buying cart options and discover a separate technique to take mail and telephone orders, you may deal with them in a single fell swoop.

    The supplier’s fee gateway works properly with nearly any ecommerce platform you may use, together with:

    • Big Commerce
    • WooCommerce
    • Magento
    • Shopify
    • Shift4Shop
    • Ecwid
    • OpenCart
    • Volusion

    So, you’ll by no means have to fret about its integrative functionality.

    PaymentCloud lets you settle for debit and bank cards, in addition to echecks. The fee gateway allows you to settle for funds anytime, arrange invoices and subscriptions, and ensures secure transactions at each ends. All fee data goes by way of 5 layers of safety.

    You can even arrange a buying cart in your ecommerce retailer by way of PaymentCloud or combine it with one that you just like utilizing already. You get the identical ease of use (on each ends) and safety from PaymentCloud’s buying cart as you do its fee gateway and processing service.

    There aren’t any setup or cancellation charges and processing charges and PaymentCloud’s charges are aggressive—its processing charge is an identical to Square’s and the fee gateway charge tends to run at about $15-$20 monthly.

    Get a safe fee processing platform and a buying cart collectively by going with PaymentCloud. Connect with them to use without cost—and, when you’re looking for a substitute to your present ecommerce fee platform, PaymentCloud will present price comparisons without cost.

    #2 – PayCafe — Best Payment Method for Detecting (and Fighting) Fraud

    • Easy to setup
    • 24/7 buyer help
    • All-in-one ecommerce resolution
    • In-depth reporting

    Try it at present!

    PayCafe affords among the finest fraud and chargeback protections we’ve seen on the market.

    Seriously, the one different one we think about a contender to their stage of safety is PaymentCloud.

    That’s as a result of they provide an automatic, machine-learning algorithm that scans every transaction for fraud. Once it detects it, you’ll be notified and the troublesome transaction shall be blocked. Of course, if there’s a mistake you’ll have the ability to undo it and put the transaction by way of.

    They even have instruments in place to deal with bank card disputes. From their early warning dispute alert system to their highly-detailed information of every transaction, they’ll arm you with the instruments you have to sort out pesky chargebacks and win.

    Some of their different options and advantages embrace:

    • Recurring payments. PayCafe mechanically payments your clients each day, weekly, month-to-month, or yearly relying on the way you set it up.
    • International card and foreign money. This lets you settle for funds for all main bank cards in each nation throughout 135+ currencies.
    • Flexible fee strategies. Accept funds from locations like PayPal, direct deposits, and even cryptocurrencies.
    • In-depth reporting. Dive into the crunchy analytics of what you are promoting. That method, you may enhance your numbers over time.

    On high of all that they even offer you 24/7 buyer help each single day of the 12 months. That’s a will need to have relating to ecommerce fee processing. You by no means need to be ready the place one thing breaks and you may’t instantly tackle it. Learn extra at PayCafe.

    #3 – Square — Best Payment Method if You Have a Brick-and-Mortar Too

    • Ability to receives a commission quick
    • Fraud prevention
    • Straightforward pricing
    • No month-to-month charge

    Get Started Now

    Square is a superb alternative for these of you who’ve bodily retail places and plan to begin promoting on-line.

    Why? It’s easy: they’re identified for his or her stellar POS system that seamlessly integrates with their fee methodology options. That makes them an incredible choice when you’re planning to open retail places along with your ecommerce store.

    Don’t have a store but? Square affords a unbelievable ecommerce web site builder too. They don’t skimp on the builder both, providing you tons of nice trying drag-and-drop themes that let you create the ecommerce retailer of your desires—no coding information wanted.

    Square is priced competitively in comparison with the opposite strategies on our listing.

    There isn’t any month-to-month charge for including the Square fee gateway to your web site. They cost you 2.9% + $0.30 per transaction, identical to Stripe and PayPal.

    Integrating Square to your ecommerce platform is simple. Some of their ecommerce companions embrace:

    • Wix
    • WooCommerce
    • GoCentral Online Store
    • Ecwid
    • 3DCart
    • OpenCart
    • Magento
    • Miva
    • Drupal Commerce
    • X-Cart
    • Zen Cart
    • ShipStation
    • Mercato
    • Unbound Commerce
    • WordPress
    • nopCommerce
    • WP EasyCart
    • Sociavore

    So when you’re at present utilizing certainly one of these platforms to your ecommerce store, including Square shall be a breeze. Click right here to be taught extra at Square.

    #4 – Helcim — Best Payment Method If You Do More Than $25,000 in Monthly Sales

    • Create your own online store
    • Highly secure ecommerce processing
    • Great point-of-sale hardware as well
    • Customized interchange rates

    Try it today!

    Helcim is another “one-stop-shop” solution for your payment needs. From great point-of-sale hardware to their ecommerce payments, they have what you need to get started selling.

    Where they really stand out: their unique fee structure and the fact that they have no monthly fees.

    Pricing is highly customized depending on your monthly volume of sales and the price of your average transaction. That means the more sales and/or the higher the price of the average transaction, the more you save.

    You can save even more due to the fact that they have:

    • $0 monthly fees
    • $0 set up fees
    • $0 cancellation fees
    • $0 compliance fees
    • $0 bank deposit fees

    That’s a big difference from other payment method solutions out there, which typically charge for the above.

    However, I wouldn’t actually recommend them if you have a high volume of sales. If you’re an enterprise business that deals in a lot of monthly transactions, we recommend Payment Depot below. They’ll offer the best overall rate if you’re a big business.

    But we do recommend them for mid-sized companies. They’ll offer you the best overall rate if you do anywhere between $25,000 and $50,000 per month.

    It’s worth mentioning they even offer a platform for you to create an online store through Helcim. It’s on their site, and comes with their payment processor built in. It’s also highly customizable and comes default with some great looking themes.

    If you already have an online store, they have you covered. Their fully-hosted payment pages allow you to add payment options onto your site without any coding knowledge. Their solution can be integrated with some third-party software you might already be using such as QuickBooks, Drupal, and Magento.

    They have a deal going on right now where you can get the first three months for free. After that, it’s $20 per month. Try Helcim today!

    #5 – Payoneer — Best Payment Method for International Fund Transfers

    • Get paid in local currency
    • Find new global markets
    • Easy payments to suppliers
    • Access to Payoneer global partners

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    An ecommerce site that is already established in global selling knows there’s still room for improvement. That could take the form of growing into untapped markets, keeping more of the money you make on international sales, or finding better ways to work with suppliers.

    Payoneer knows the way to accomplish any and all of these improvements, and has the software to prove it.

    First, they know how costly wire transfers and currency conversion can be. Payoneer eliminates that pain with an easy way to set up localized receiving accounts, so you get payments in USD, EUR, or one of several other options.

    In just three easy steps, you can set up accounts, email customers of how to pay them, and automatically have those payments sent to your Payoneer account.

    It should be noted: Payoneer isn’t a merchant account provider. That means they do not give you the ability to accept payments via debit or credit cards. Instead, it sets up a local bank within the region you want to attain money for and allow for bank transfers instead.

    So this can be a very specific type of business that’ll need something like this.

    For example, global businesses lean hard on their network of suppliers and vendors. So, Payoneer makes it a cinch to pay them when you need to. By paying them directly from your Payoneer account balance, payments are sent instantly and for free. Plus, you can send in batches up to 200 for convenience.

    If you’re struggling to make headway in some global markets, you can even lean on Payoneer’s network of partners. From shipping and sourcing services to legal assistance, translation, and advertising, you can fill in the gaps by connecting with vendors based in the markets you’re trying to sell to.

    Payoneer does charge low-cost fees for some transfers and there is an annual account fee, but it’s a scant $29.95/year.

    You can register at Payoneer for free today.

    #6 – 2Checkout — Best Payment Method for Scaling International Ecommerce Stores

    • Scalable modules
    • Sell in 200+ countries in minutes
    • Start for free
    • Subscription billing & more

    Get Started Now

    Your growing business can’t worry about the reliability of its payment processing. When you’re striving to make inroads into new markets or break into global business, that detail needs to already be taken care of.

    That’s where 2Checkout excels. It’s a modular solution that is very scalable with no stress on your end.

    With this software, you can handle global payments, subscription billing, taxes, and any other ecommerce payment needs. Start with what you need right now and when you’re ready to take the next step up, 2Checkout has a feature to help.

    But, above all, this software is the perfect partner for international selling.

    The distinction between this and Payoneer is that 2Checkout will actually facilitate payment processing via typical ecommerce methods such as credit card, debit card, PayPal, and more.

    With any of 2Checkout’s modules, you can start selling in over 200 countries in no time. And, if you utilize their 2Monetize platform, you can rest easy knowing that they’ll handle the heavier stuff, like VAT and regulatory compliance.

    Even better—you can start on any of 2Checkout’s solutions for free. You only have to pay once you start selling.

    That’s a huge boost for those of you who want to really test drive the software before committing.

    Once you do start selling, you pay a fraction of each sale plus a small fee. On 2Checkout’s base-level plan, 2Sell, that runs you 3.5% + $0.35 on each transaction.

    Get started with 2Checkout for free today.

    #7 – Payment Depot — Best Payment Method If You Process More Than $50,000 Per Month

    • Accepts all major credit cards
    • Small membership fee
    • Low processing fee
    • No cancellation fee

    Get Started Now

    Payment Depot touts themselves as the “Costco of credit card processing” for their membership fee-based pricing model as well as their low processing fees.

    How low are they? They can get as low as $0.05 a month for an unlimited membership.

    Payment Depot Pricing

    Of course, you’ll be paying $199 per month. While the membership fees might seem like a lot of money each month, you’ll actually be saving money processing fees if you have a lot of transactions—which can add up over time.

    And the processing fees they do have aren’t percentage-based. Rather it’s a fixed fee between $0.05 – $0.15 per transaction. This makes Payment Depot a highly lucrative option if you’re a larger business that sees a ton of business each month. You’ll get significantly more savings that a traditional interchange + pricing

    However, if you’re a smaller business, you might end up paying a bit more for the monthly membership fee. That’s why we really don’t recommend them if you make less than $25,000 per month.

    If you go with an annual membership, Payment Depot offers a 90-day money-back guarantee. That means you can cancel within three-ish months and send your equipment back, and you’ll get a complete refund.

    Get the best rates for your heavy transaction processing by visiting Payment Depot.

    #8 – Stripe — Most Developer-Friendly Ecommerce Payment Method

    • Built for developers
    • API and UI toolkit
    • Recurring payment options
    • Supports payments online and in-person

    Get Started Now

    Stripe is one of the top payment methods on the market today because it’s so versatile.

    It’s a great choice for ecommerce shops, subscription services, or on-demand marketplaces. So for those of you who operate a business with multiple processes and services, this is definitely something that you should take into consideration.

    Where they really shine though is how developer-friendly they are. They offer great tools that let any team that really wants to customize their payment method to do so.

    From their easy-to-use API, their library for coding languages, and their comprehensive integrations, they’ll have everything a developer needs to get the most out of Stripe.

    Another top feature of Stripe is the ability for you to set up recurring payments from your customers.

    It supports payments online, as well as in-person. So if you currently have a brick and mortar store, you can add a Stripe POS system in addition to the gateway on your ecommerce site. This way you can remain consistent across both marketplaces.

    Studies show that brands using Stripe have elevated income by 6.7% after implementing the fee gateway. With Stripe, you’ll have 81% fewer outages and 24% much less working prices in comparison with competing fee strategies.

    Another motive why I like Stripe is since you’ll have the choice to customise your checkout course of with the Stripe UI toolkit.

    Stripe accepts all main bank cards and debit playing cards from all nations, together with:

    • Visa
    • Mastercard
    • American Express
    • Discover
    • JCB (Japan)
    • UnionPay (China)

    You can even combine some different fee choices into your Stripe fee gateway. Some of those we’ll talk about in larger element as we proceed by way of this information.

    • ACH transfers
    • American Express Checkout
    • Masterpass
    • Visa Checkout
    • Apple Pay
    • Google Pay
    • Microsoft Pay

    It’s nice for these of you who’re utilizing your ecommerce platform to drive gross sales from cellular customers.

    Stripe’s commonplace pricing is straightforward. As a service provider, it is going to price you 2.9% + $0.30 for each card cost. There shall be an extra 1% cost for worldwide playing cards.

    For ACH transfers, your price is 0.8% of the transaction with a $5 most charge.

    Additionally, Stripe affords custom-made pricing choices for these of you who’ve a singular enterprise mannequin or have massive quantity funds. You’ll get reductions for quantity and multi-product charges, in addition to some country-specific charges when you’re concentrating on a world market.

    Stripe has distinctive tech help and customer support. You can attain representatives 24/7 by way of telephone, reside chat, or electronic mail. Overall, it’s positively one of many high fee strategies so that you can use in your ecommerce web site.

    #9 – PayPal — Best Payment Method for Creating Your First Online Store


    • Well-established model
    • Most used digital pockets on the earth
    • Very easy to arrange
    • Reliable and safe

    >> Compare Quotes

    PayPal is a reputation that I’m certain most of you might be already accustomed to. The firm has a status that speaks for itself relating to ease of use, reliability, and safety.

    According to Statista, there are 277 million lively PayPal customers the world over in 2019. That quantity is up from 237 million from the start of 2018.

    This is why we extremely advocate PayPal when you’re simply beginning out. Not solely does everybody already use PayPal, but it surely’s additionally very straightforward so as to add and combine to virtually any on-line retailer.

    For these of you who don’t have a well-established identify model but, the PayPal button can assist put your clients comfy. They know that PayPal has their again for safety.

    Plus, folks might need a PayPal steadiness that they need to use for spending, versus charging a bank card or debit card.

    PayPal is essentially the most generally used digital pockets on the earth. Here’s one thing else so that you can think about.

    Websites with PayPal checkout choices convert at an (*10*) than websites with out PayPal.

    With PayPal for ecommerce you may settle for:

    • Credit playing cards
    • Debit playing cards
    • PayPal
    • Venmo
    • PayPal Credit

    Any ecommerce sale within the US will price you 2.9% + $0.30 per transaction. International gross sales are a bit dearer, with 4.4% per transaction, plus a hard and fast quantity relying on the nation the acquisition got here from.

    #10 – Google Pay — Best Payment Method for One-Click Checkouts

    Google Pay

    • Easy to combine
    • Compatible with Shopify
    • API entry
    • Extremely straightforward to arrange

    >> Compare Quotes

    This is one other digital pockets provided by one of the crucial recognizable names on the earth: Google.

    Google Pay is made for ecommerce outlets, cellular apps, and in-person checkouts.

    And it’s lifeless easy to make use of.

    Seriously, in only a click on your clients will have the ability to make purchases in your web site and take a look at. That stage of pace and effectivity will lower the quantity of cart abandonment in your web site.

    Industry giants like Airbnb and StubHub have already added Google Pay to their checkout processes. After integrating the brand new Google Pay API to their web site, StubHub noticed a 600% enhance in distinctive guests shopping for with Google Pay.

    Google Pay could be very straightforward to combine into your ecommerce platform. Just achieve entry to the API and add it to your web site. After you run some exams it is going to be good to go.

    It’s additionally value noting that Google Pay could be built-in with different fee strategies that you just would possibly already be utilizing in your web site, like Shopify, in addition to among the different ones we’ve already lined on this listing, like Stripe and Square.

    How to Find the Best Payment Method for Your Ecommerce Website

    Not each ecommerce web site is similar—and your fee strategies shouldn’t be both.

    But, with so many to select from, it may be laborious to slim it right down to the proper one for you.

    We need to assist.

    Below are the precise standards we used to find out our listing. Use it over the course of your analysis to assist discover the proper fee methodology to your ecommerce web site.

    Fair (But Affordable) Processing Fee

    Every fee methodology on the market fees charges for his or her providers. They sometimes are available in two types:

    • Monthly charges. These are the flat costs it’s a must to pay every month for his or her providers. Payment Depot, for instance, makes use of this methodology.
    • Processing charges. These are charges you’ll should pay with every transaction. These are often variable (i.e. interchange processing charges) or they’ll supply a hard and fast fee, as with ProMerchant.

    Many service provider providers sometimes cost each a month-to-month charge and a processing charge for his or her providers—although, the final word worth varies relying on the service.

    For instance, Square, Stripe, PayPal, and Payment Cloud cost 2.9% + $0.30 per transaction. That’s a reasonably typical commonplace for the trade.

    Some different fee strategies have their very own distinctive method of charging you for his or her providers. For instance, Helcim customizes the value for you relying in your month-to-month gross sales and the common worth of your transactions. The extra you promote every month and the upper your common transaction is, the much less your fee goes to be.

    Helcim is nice although as a result of there aren’t any charges exterior of the transaction charges. That means no month-to-month, setup, or perhaps a cancellation charge.

    When researching, make sure to check out how the fee methodology you’re contemplating fees you—and by how a lot.

    In the top, it’s a little bit of a steadiness between month-to-month charges and processing charges. Higher month-to-month charges sometimes imply decrease processing charges (and vice versa). If you don’t have a ton of transactions every month, it’d make extra sense to pay a decrease month-to-month charge and go along with the excessive processing charges.

    Payment Method That Meets Your Customers Where They Live

    Selling globally could be difficult for ecommerce companies—particularly when you’re simply beginning out. You have to fret about trade charges and also you even have to think about what entails typical fee strategies in that nation.

    For instance, Alipay is without doubt one of the hottest fee strategies in China. PayPal most likely takes the crown in America.

    Not each fee methodology offers you the choice of finishing purchases internationally.

    Payoneer is a wonderful fee methodology if what you are promoting plans to promote abroad. They’ll allow you to arrange localized receiving accounts so you may obtain funds in USD, EUR, GBP, CNH, JPY, AUD, CAD, SGD, and MXN.

    2Checkout is one other methodology it is best to think about if you wish to deal with international funds. You can get set as much as promote in additional than 200 nations in only a few minutes.

    That means you’ll have the ability to actually open up your retailer to your complete world and faucet into a worldwide market of potential clients. You can even convert your funds into several types of currencies, so that you’re not restricted to simply receiving cash in USD.

    If you propose on promoting internationally, positively look into how the fee methodology you’re contemplating handles non-USD currencies, if they will in any respect.

    Checkout So Simple Customers Never Abandon Their Cart

    As with another a part of your ecommerce retailer, you need the person expertise to be easy to your clients. However, that course of is arguably most essential relating to the fee methodology.

    In truth, a single hiccup or irritating second whereas they’re at checkout may lead to the next cart abandonment fee for you—and subsequently a large hit to your backside line.

    The Baymard Institute, a analysis agency that uncovers insights to assist corporations enhance person expertise, conducted a survey in 2019 that discovered that one of many high causes clients abandon their carts is as a result of they needed to make a separate account so as to try.

    Source: Baymard Institute

    You can forestall this simply with the fitting fee methodology resolution. With PaymentCloud, for instance, your clients can merely enter of their buy data and be on their method in only a few minutes time (if that). The similar goes for Square which affords a really seamless ecommerce expertise.

    You’ll additionally need to make it possible for the fee methodology affords a transparent method to your clients to see:

    • The gadgets they need to buy.
    • The gadgets’ prices.
    • Exactly the place to enter their buy data.
    • How to take a look at.

    It may appear self-evident, however you’d be shocked at how typically a fee gateway makes their clients bounce by way of hoops so as to really make a purchase order.

    If all else fails, simply keep in mind that outdated acronym of Ok.I.S.S.—preserve it easy, silly.

    Payment Methods for Your In-Store and Online Customers

    Finally, it’s a must to make it possible for your ecommerce programs are all working collectively.

    Think of what you are promoting as a soccer workforce. Every participant must know what the play is. They must know the ways and methods so as to rating and win the sport.

    Each a part of your ecommerce enterprise must do the identical. That occurs by connecting all of them into one system to allow them to work collectively.

    That’s why you need to get a fee methodology that’ll play properly together with your ecommerce enterprise as an entire. If you don’t, it may find yourself the squeaky wheel that winds up costing you.

    Want your web site to actually play properly together with your fee resolution? Create them in the identical place! Square and Helcim supply nice ecommerce web site builders that will help you create a web based retailer without cost. You’ll have the ability to use their fee strategies for each buyer buy.

    Do you propose on having a POS system and an in individual retailer? You would possibly need to think about going with a technique similar to Stripe or Square. These two fee strategies supply unbelievable bodily {hardware} options for level of sale options.

    This is ideal for if in case you have a brick-and-mortar retailer—or when you run a customer-facing enterprise similar to a farmers market stand or a meals truck. You’ll even have the ability to settle for a number of types of fee out of your telephone.


    Your ecommerce web site is ineffective when you can’t receives a commission. It’s time so that you can understand that your whole clients don’t have the identical preferences.

    You want to present them as many choices as attainable to extend your conversion charges.

    Digital wallets are rising in recognition. It’s simpler for purchasers to make use of these different fee strategies versus manually typing out their fee data. By decreasing friction in your checkout course of, you’ll have the ability to drive extra gross sales and cut back buying cart abandonment charges.

    That’s why it is best to think about including these fee strategies to your ecommerce web site.

  • PaymentCloud
  • PayCafe
  • Square
  • Helcim
  • Payoneer
  • 2Checkout
  • Payment Depot
  • Stripe
  • Paypal
  • ProMerchant
  • Google Pay
  • The extra choices you could have, the higher it is going to be for you in the long term.

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