With the growth of e-commerce over the years, there are now a number of different online payment options available so businesses can easily sell directly to consumers. Knowing which option to choose might be a bit overwhelming, so we have developed a list of great online payment systems available so you can select the one that offers the features needed for your business.
Features to consider when selecting an online payment system to include on your website:
Excellent Security – Security is of utmost importance when it comes to your payment processing system. You want your customers to know that your website is a safe space for them to enter payment information and personal data. When selecting a payment processing system, you will want to check that it is PCI DSS Level 1 compliant (meaning that it meets Payment Card Industry Data Security Standards).
Easy Integration – Finding an online payment system that seamlessly integrates with your current platform is an important consideration, as it will save you time, effort, and money, and will help avoid any errors from occurring with any payment processing.
Fast Processing – Offering a fast processing payment system will provide your customers with a quick and easy checkout process and better customer experience. You also will likely avoid payment processing errors by having a system that is fast, safe, and reliable.
Multiple Payment Options – By giving customers a number of different payment options, they are more likely to purchase online because you can accommodate their payment preference needs. Different types of payment options include credit/debit cards, rewards programs, Venmo, Apple Pay, and more. Some e-commerce websites also now offer multi payment options such as Afterpay or Klarna, which divide a purchase into four automatically scheduled payments.
Below are our top choices for the best online payment systems: