Small businesses that have an online payment portal fare better than those who don’t. Having your presence on the internet means that the world could be your market, having a feasible way to transact finances with your customers or clients is a must. This article brings to you the best payment systems for small businesses.
First of the best payment systems for small businesses is Checkout. It is a product of Amazon that allows you accept payments and make payments online. It comes with your free Amazon account. It makes listing for small businesses easier. It deducts 30 cents per transaction and it charges 2.9% for monthly sales that fall between $3000.
Second of the best payment systems for small businesses is PayPal. This is the leading preference in the industry. You can place a PayPal checkout on your website where the user will be directed to the PayPal page. The customer can use a multiple number of options to pay you on the PayPal portal. Through PayPal you can also raise invoices, send reminders for payment and so on. It charges 30 cents per transaction along with 2.9%. The rates reduce with larger transactions.
Third of the best payment systems for small businesses is Stripe. An innovative alternative to PayPal, it is also a payment gateway. What differentiate it is that it does not redirect your customer to another website; the transaction can be completed by staying on your website. Once you fill in various forms you can begin to use it for digital payments. It charges 30 cents per transaction and a charge of 2.9%.
Fourth of the best payment systems for small businesses is Dwolla. It is a payment facility that allows you to make and receive digital payments via e-mails. It does not allow you to directly use credit cards; however other apps can be used as a credit card reader along with Dwolla. Transactions below $10 are free of cost and above $10 it charges 25 cents.
Fifth of the best payment systems for small businesses is PayStand. It works slightly different from other payment gateways. It charges no transaction fees however; you are required to pay a monthly flat fee irrespective of the volume of the transaction. It accepts all forms of payment. The payment is made through a pop-up window and it does not redirect you to another website.
Payoneer is another one successful and worldwide acceptable payment gateway, read how to Get Payoneer MasterCard with $25 Bonus. There are various payment systems that your business could use to boost sales and make things convenient for the customer. Use whatever is best suited for your business after ensuring your customers use th same portal as well.