Before starting your online business, you must need a payment processing provider to accept payments from your customers. Therefore, without setting up a payment method, you can not run your online business at all. Today, we are going to tell you how you can easily take payments from your clients without any hassle. So, without any ado, let’s dive in.
💳 What Is Payment Processing & How Does It Work?
Payment processing means receiving payments from the customers to the merchant account. It helps to transfer money from the customer’s issuing bank to the merchant account through the credit card or debit card within a few seconds. So, a payment processing provider company acts as the mediator between customers and merchants to make the transaction possible.
To set up a payment gateway, you need to pay the provided fees including start-up fee, transaction fee, chargeback fee, etc. for each transaction. Once you have set up your payment processing the provider company will handle all the logistics between you and your customers to receive money from their account to your account online. Thus, once you have set your payment processing, you can accept payments online from your customers smoothly.
💡 How To Accept Payments Online From Your Customers?
If you want to learn how you could take payments from your customer online this section could help you to do so. Here we will tell you how you can accept payments from your customers without any hassle. So, let’s go below and find it now.
1. Setup A Secure Online Payment Gateway
If you have an online business you need to create a secure online payment gateway for your website. Either you can create a custom gateway for your website or simply use a third-party payment gateway software for handling the transaction. If you don’t have enough technical support or budget for creating an accustomed gateway, using a third-party gateway is the ideal solution for you.
2. Add Credit & Debit Card Payments
While shopping online a large number of people use their credit cards and debit card for making payments. You can use PayPal or Stripe for taking payments from your customers from their credit or debit card. Besides, these payment gateways will allow you to get payments from Visa, MasterCard, and American Express easily.
3. Use Recurring Billing Feature
If your business has a subscription plan then you must have the recurring billing feature for receiving payments from your customers. Using these features, you can receive payment on a monthly or yearly basis and send the invoice to your customers automatically. So, you don’t have to manage your customers or keep track of the payments manually.
4. Accept Mobile Payments
Nowadays, mobile payments are very popular around the world. Billions of customers around the world are using mobile payment apps like Google Pay, Apple Pay, or PayPal. So, if you don’t include mobile payments on your website, it may get difficult for you to grow your customer base. Thus, you should also accept mobile payments for your business.
5. Use Email Invoicing
Email invoicing could be a good option if you have a service-providing website. Using this method, you can share a payment form with your customers redirecting them to your payment portal. While it is not the most popular method of payment for the eCommerce website, service-providing websites can use this method to collect payments from their customers at ease.
💳 7 Top Payment Processing Providers That You Can Use
Once you have set up a payment processing method, now you need to choose a payment provider for your business. Below we have compiled a list of the most popular payment processing providers that you can integrate into your website. You can choose any of them and start receiving payments from your customers.
PayPal is one of the most popular payment processors, that comes with the easiest solution for the business owners and the customers. You can integrate PayPal payments with their secure gateway and get payments from your customers at ease. Besides, PayPal supports over 100 currencies and renowned credit and debit cards, and recurring payment options that will help your customers pay you without any hassle. So, you can keep PayPal top of your list for integration on your website.
Stripe is a complete payment management platform that you can use to accept payments from global sources. You can use this payment processing provider for offering customizable checkouts and recurring payment features to your customers. Besides, it supports all major credit cards, wallets, and mobile paying apps easily. You can integrate Stripe on your website very easily.
3. Amazon Pay
Amazon Pay is one of the most secure online payment platforms you can use to accept payments. It is one of the fastest and most popular payment methods available in more than 170+ countries. Besides, Amazon Pay also offers simple integration with a recurring feature for adding subscription options for your customers. So, it could be a great option as your payment processing provider.
4. Google Pay
Google Pay is a simple solution for taking payments from customers. It comes with an API feature that will allow you to create a secure checkout page for your business, websites, and apps. So, you can easily accept payments online from hundreds of millions of customers around the world within a few clicks.
Authorize.net is a secure payment gateway that you can integrate with your website to accept payments from your customers. It offers a wide range of advanced features to accept online payments through credit or debit cards, e-checks, and more. Besides, it will give you protection against any suspected fraudulent transactions. So, you can also use this payment processing provider to accept payments for your business.
Payline is an amazing payment processing provider that you can use for making your checkout process easier. It offers features based on individual needs. Besides, Payline has an easy checkout, refund service, and sending transaction receipts, which help make your payment processing smoother. So, you can also keep Payline as an option as well.
Skrill is one of the most popular payment gateways that you can use to accept payments from your customers. This virtual wallet can help you receive your payment instantly and securely. Besides, Skrill offers credit card access with 100+ local payment solutions without any hassle. Seamlessly, your customers can pay through any device and choose their currency from over 40+ currencies. So, it could be a great option for you as well.
💲 Start Receiving Payments Online From Today
Once you have set up a payment processing provider to accept payments from your customers, you are now ready to start your online business. So, choose any payment processing provider we have shared and start receiving payments from your customers immediately.