11 best online payment service providers to consider during holiday rush

online payment service providers

The holiday rush is just around the corner. Websites anticipate the exorbitant amount of traffic during this period.

While everything else can be a matter of choice for customers, online transaction and payment is something inevitable. A website may have various entry points to it but once someone decides to buy a product, there is only one way out; for everyone.

Is your website prepared to process the payments faster for this holiday rush?

Are you looking to upgrade to a different payment service provider or looking for a new one entirely?

Hop on. We have you covered.

Here is a list of 11 best online payment service providers, in no particular order, who won’t disappoint you.

1. PayPal: Undeniably PayPal beats the competition when it comes to payment service providers. Their business model resonates with every possible online selling need, be it a small start-up or a large scale seller. It offers a competitive rate of 2.9% + $0.30 per U.S. transaction with no monthly or hidden fees. (Fees subject to change.)

2. Stripe: This has to be one of the most favorite payment checkouts for programmers. With its simple yet effective API, Stripe has managed to gain its customers’ trust. It has become one of the biggest competitors of PayPal. Stripe accepts payment via multiple debit and credit cards, Bitcoin, Apple Pay and Android Pay and charges a flat fee of 2.9% of every transaction, plus an additional 30¢ per transaction.

3. Dwolla: It focuses more on bank transfers or Automated Clearing House (ACH) payments. With the help of Dwolla’s API, users can create a customized payment solution and integrate it directly with their bank accounts. This makes transactions faster. All these transactions carried out are free.

4. Authorize.net: This is one of the oldest and most established payment solutions providers since the early days of e-commerce. In a way, Authorize.net shares the same functionality as PayPal’s traditional gateway. Pricing is 2.9% per transaction plus an additional 30¢.

5. Apple Pay: Apple pay is slowly catching up and if you are selling online, you should definitely start considering Apple pay. Transactions are fast, secure due to touch ID confirmation. Apple is coming soon with an even more easy way to make and accept payments through iMessage.

6. Payoneer: Having a stronghold over international transactions, it makes Payoneer easy to use for international payments. It is available across 200 countries and people can carry out transactions within 150 different currencies.

7. 2Checkout: Another trusted payment service provider available in 87 different languages. It accepts payment through credit cards, debit cards and PayPal globally. 2Checkout comes with a powerful API and sandbox testing.

8. Skrill: Another feature packed global payment solution provider for businesses. Skrill accepts payments across 200 countries and from 40 different currencies. They have exclusive offers, referral programs associated with them.

9. Wepay:  WePay provides a strong Payments API, flexible enough to be a good choice for small startups through giant organizations. It also takes care of risk and compliance issues with tools like machine learning, advanced fraud detection, and risk-specific API.

10. Transferwise: This is a great choice if you have a strong international presence and a majority of your orders are international. Transferwise’s main focus is on international payments. One great advantage is that all transfers are based on real-time exchange rates.

11. Shopify Payments: One of the most convenient ways to get payments from customers through your e-commerce store is through Shopify payments. You can also integrate it into many other apps and platforms such as Facebook Shop, Twitter, and Pinterest. For a basic Shopify plan, it charges 2.9% + 30¢ per transaction.

And there you go. Plenty of options to choose from and manage the holiday rush on your website.