Best Online Payment Gateway For Your Business

Do you have a business online and think of a perfect payment gateway to send and receive money?

Do you want to use a payment gateway on your online business that everyone globally can have access to?

Then this article is for you!

Today we are in a global era where businesses aren’t limited to a position or place.

The business has grown beyond a location to a virtual one.

Many top successful businesses now boast of hitting millions of dollars with 100% profits from the web.

But wait, there’s a major problem here; how do these businesses receive and send payments online?

Lol, that’s why we wrote this piece to guide you on the easy steps; please stay tuned.

What are Online Payment Gateways?

Online Payment Gateways are payment channels buyers and sellers use to pay and receive payments online.

In most cases, sellers fix their prices on a particular currency, e.g., the dollar. This means the price of a commodity is in the dollar, and the buyer, regardless of the country’s currency, pays for the commodity in the dollar.

Due to convenience, some sellers open up for buyers to pay in their local currency, but this is very rare as it may be inconvenient to most sellers depending on the buyer’s country.

5 Best Online Payment Gateway For Your Business

Before choosing a payment gateway, here are some things to consider

* How safe is the payment gateway?

* How many buyers use and trust this payment gateway?

* How much fee is charged per transaction, and can I or my buyers be convenient with it?

That’s it; after reading the above points to consider while choosing the gateway to use for your business, you should consider all those.

PayPal

Yes, don’t be surprised that PayPal is the first on our list.

PayPal has been in existence for many years and has built a lot of trust over the years.

PayPal is very convenient for buyers and sellers as it has a prepaid wallet where you can easily send or receive money.

You can receive payments from your buyers from PayPal by sending an invoice or opening up for them to use their credit card or PayPal balance to purchase.

PayPal also offers a subscription plan, which means your buyers can subscribe to a plan and be charged depending on the package you are rendering.

Webmoney

Webmoney is a Russian-based virtual wallet that easily supports sending and receiving money.

Webmoney is available in almost every country and doesn’t have strict restrictions.

Webmoney wallet can be funded via credit card or bank balance.

Cryptocurrency

Cryptocurrency, a digital currency, is also one of the most flexible payment methods for your business.

With a crypto wallet, you can mass send or pay money easily.

Crypto wallets are secured and safe to use without any limitations.

The only downtime with crypto is the dipping of coins that may produce a little loss.

Google Pay

Google pay is another perfect payment gateway that allows registered Google users to shop using their credit cards.

Google pay is 100% safe as it is owned by Google, the leading tech company in the world.

Google pay also offers a subscription plan that allows your users to conveniently subscribe to your package and be able to cancel at any time.

Payoneer

Payoneer is a leading virtual wallet that is a must-have for all internet specialists.

Payoneer is unique because it offers a virtual USA, Uk, and European bank account with details that enable you to send and receive money to those accounts easily.

You can also conveniently exchange currencies for another.

The downtime with Payoneer is that the minimum amount per transaction is 50 dollars ($50). This may be bad for small businesses that trade below that price, but it shouldn’t be a problem if you’re a big brand and sell above $50.

Currently, as of when this article was written, Payoneer has a $25 signup bonus, so rush now and get a Payoneer account.