11 Best Payment Methods For Your Ecommerce Site

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Want to leap straight to the answer? The best transaction processor for most people is definitely Square.

In order to operate a fully functional ecommerce website, you need to be able to accept payments from your customers.

There is no way surrounding this. Your entire business revolves around getting paid.

That’s why you starting marketing online in the first place, right? To help make money.

Yet there are tons of different options for taking payments online. Whether you have an existing ecommerce platform or if you’re starting an e-commerce site from scratch, your transaction gateway needs to be a priority.

You need to have options in position that will be appealing to all of your customers.

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That’s because everyone has different preferences. So you should consider adding multiple payment methods to your own ecommerce site.

I realize that not all of such options will be equal the cost that you’re having to pay to implement them on the site. But in the long run, these fractions of a percentage won’t make that much of a distinction when you weigh them contrary to the revenue from your sales.

You won’t reconsider it once your conversions start skyrocketing.

For those of you who are ready to period ecommerce platform to the next degree, I’ve narrowed down the greatest payment methods for a fast and secure checkout process within 2020. These are the top choices for you to consider.

1 . Square


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• Ability to get paid fast
• Scams prevention
• Straightforward pricing
• No monthly charge
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Square is commonly related to its POS systems designed for in-person payments. But it also offers ecommerce options for your website.

This is a great option for those of you who have physical retail locations and plan to start selling online, especially if you curently have a Square POS system. It is also a great option should you be planning to open retail locations in addition to your ecommerce shop.

Square is certainly priced competitively compared to the various other methods on our list.

There is no monthly charge for adding the Sq . payment gateway to your website. They will charge you 2 . 9% + $0. 30 per transaction, just like Stripe and PayPal.

Integrating Sq . to your ecommerce platform is easy. Some of their ecommerce partners consist of:

  • Wix
  • WooCommerce
  • GoCentral Online Store
  • Ecwid
  • 3DCart
  • OpenCart
  • Magento
  • Miva
  • Drupal Commerce
  • X-Cart
  • Zen Cart
  • ShipStation
  • Mercato
  • Unbound Commerce
  • WordPress
  • nopCommerce
  • WP EasyCart
  • Sociavore

So if you’re currently using such an example platforms for your ecommerce store, adding Square will be a wind. Click here to learn more at Square.

2 . Red stripe

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• Built for developers
• API plus UI toolkit
• Recurring payment choices
• Facilitates payments online and in-person
Stripe is among the top payment methods available today because it’s so versatile.

It’s a great choice for ecommerce shops, membership services, or on-demand market segments. So for those of you who work a business with multiple processes and services, this is definitely something which you should take into consideration.

Another top feature associated with Stripe is the ability so that you can set up recurring payments from the customers.

This supports payments online, in addition to in-person. So if you currently have a brick and mortar store, you can add the Stripe POS system in addition to the entrance on your ecommerce site. In this way you can remain consistent throughout both marketplaces.

Studies show that brands making use of Stripe have increased income by 6. 7% after implementing the payment entrance. With Stripe, you’ll have 81% fewer outages and 24% less operating costs in comparison to competing payment methods.

Another reason why I love Stripe is because you’ll have the choice to customize your peruse process with the Stripe UI toolkit.

Red stripe accepts all major credit cards and debit cards from all of countries, including:

  • Visa
  • Mastercard
  • American Express
  • Discover
  • JCB (Japan)
  • UnionPay (China)

You can also integrate some alternative transaction options into your Stripe transaction gateway. Some of these we’ll talk about in greater detail even as we continue through this guide.

  • ACH exchanges
  • American Express Checkout
  • Masterpass
  • Visa Peruse
  • Apple Spend
  • Google Spend
  • Microsoft Pay out

It is great for those of you who are making use of your ecommerce platform to drive product sales from mobile users.

Stripe’s standard pricing is simple. As a merchant, you will be charged you 2 . 9% + $0. 30 for every cards charge. There will be an additional 1% charge for international credit cards.

For VERY SINGLE transfers, your cost is 0. 8% of the transaction using a $5 maximum fee.

Additionally , Stripe offers customized pricing options for those of you who have a unique business model and have large volume payments. You will get discounts for quantity and multi-product rates, as well as some country-specific rates should you be targeting an international market.

Stripe has exceptional tech support and customer care. You can reach representatives 24/7 via phone, live conversation, or email. Overall, it’s definitely one of the top payment methods for you to use on your ecommerce site.

three or more. PayPal

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• Well-established brand
• Most utilized digital wallet in the world
• Very simple to put together
• Reliable and secure
PayPal is a title that I’m sure the majority of you are already familiar with. The business has a reputation that speaks for itself when it comes to simplicity of use, reliability, and security.

This is why you should consider adding PayPal to your website.

According to Statista, there are 277 million active PayPal customers across the world in 2019. That number is up from 237 million from the beginning of 2018.

Simply put, there are tons associated with users, and they are continuing to grow.

For those of you who else don’t have a well-established brand name yet, the PayPal switch can help put your customers comfortable. They know that PayPal has their back for safety.

Plus, people might have a PayPal stability that they want to use intended for spending, as opposed to charging credit cards or debit card.

PayPal is the most commonly used digital wallet in the world. Here is something else for you to consider.

Websites with PayPal checkout options convert at an 82% higher rate than sites without PayPal.

With PayPal pertaining to ecommerce you can accept:

  • Credit cards
  • Debit cards
  • PayPal
  • Venmo
  • PayPal Credit

Any kind of ecommerce sale in the US will cost you 2 . 9% + $0. 30 per transaction. International sales are a bit more expensive, with 4. 4% for each transaction, plus a fixed quantity depending on the country the buy came from.

four. Apple Pay

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• Trusted popular brand
• Online or in-person payments
• Simply no extra fees to retailers
• Extremely easy to set up
54% of the cellular vendor market share in the United States. Therefore it’s safe to say you will find more than a fair share of people in America walking around with apple iphones in their pockets.

Apple Pay is the digital wallet for iOS customers.

Once people arrange it on their devices, they can pay for items with just one click on. This is great news for your e-commerce shop. You no longer have to worry about individuals being turned off by completing long form fields with their credit card numbers and invoicing addresses.

All of that information is safely kept in Apple Pay.

For users who are buying on your mobile site or mobile app, they can complete the payment just by utilizing a fingerprint or facial identification. It doesn’t get much easier than that.

In addition to your ecommerce site, mobile site, and cellular app, Apple Pay may also be accepted in-person at physical stores.

Among the top highlights of this transaction gateway is the fact that Apple does not charge any additional fees in order to merchants for accepting Apple Pay.

5. Leaders Merchant Service

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• 24/7 phone and live conversation support
• Online credit card processing
• Low prices
• FREE mobile card reader
Leaders Merchant Support is a California-based merchant equipment and software service. They offer companies and businesses using the tools they need to process obligations online and in real life.

To that end, they provide a variety of very lucrative deals for anyone looking for payment digesting help. If you open a free account with them, you have your choice of receiving a free mobile card reader for a smartphone or tablet, or a free online processing software. That’ s every just for opening an account.

When you open a merchant account, you also get iAccess, which is a payment management tool on-line that helps you keep track of all of your transactions. This will help keep everything recorded for if you ever have to refer back to a payment for disputes or results.

Their safety is top notch too, as they’ re fully compliant with Payment Card Industry standards. There’ s also “ end-to-end secure outlet layer encryption, address confirmation, and card verification value authentication, ” according to their website. That way, you know that any card payment processed along with Leaders is safe from bad actors.

You are able to request a quote on-line or by calling their particular number. They have a 98% approval rating so you can wager that Leaders will help you get your business payments up and running soon.

6. ProMerchant

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• Online credit and charge card processing
• Month-to-month contracts
• Shopping cart incorporation
• Digital terminal
ProMerchant offers a host of great merchant processing solutions including a virtual terminal that is included with no up-front costs for you. That means there’ s simply no up-front cost when you acknowledge credit card payments via cell phone, email, text, or your own website’ s “ purchase now” button.

For ecommerce sites, ProMerchant leverages Authorize. net for actual payment gateway. This allows you to accept payments across a variety of different credit cards plus payment options:

  • Visa
  • Mastercard
  • Discover
  • American Show
  • JCB
  • PayPal
  • Visa Checkout
  • Apple Pay
  • E-check

ProMerchant’ s virtual terminal also allows you the flexibility associated with accepting transactions over cell phone, email, mail, and even sms. That gives your customers even more in order to pay you.

When it comes to pricing, ProMerchant offers two plans: Interchange In addition Fixed Rate and Interchange Plus Flat Monthly Charge.

ProMerchant Pricing

The month-to-month strategy is a great deal as you can terminate anytime. Plus, you don’ t get a per-transaction proportion fee like you’ d get with the fixed price plan.

seven. Payment Depot

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• Accepts all major credit cards
• Small membership fee
• Reduced processing fee
• No cancellation charge
Payment Depot touts themselves because the “ Costco of bank card processing” for their membership fee-based pricing model as well as their own low processing fees. Exactly how low are they? They can obtain as low as $0. 05 a month for an unlimited membership.

Payment Depot Pricing

While the membership fees may appear like a lot of money each month, you’ ll actually be saving money with regards to the processing fees—which can add up over time. And the digesting fees they do have aren’ t percentage-based. Rather it’ s a fixed fee between $0. 05 – $0. 15 per transaction. This makes Payment Depot a very lucrative option if you’ re a larger business that will sees a ton of business every month. You’ ll get much more savings that a traditional interchange + pricing

However , if you’ lso are a smaller business, you might finish up paying a bit more for the month-to-month membership fee. Still, the cheapest option can still end up being pretty lucrative if you acquire enough money.

If you go with an annual regular membership, Payment Depot offers a 90-day money-back guarantee. That means you are able to cancel within three-ish several weeks and send your tools back, and you’ lmost all get a complete refund.

8. Google Pay out

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• Easy to integrate
• Compatible with Shopify
• API access
• Extremely easy to set up
Google Pay is perfect for ecommerce shops, mobile apps, and in-person checkouts.

Industry giants like Airbnb and StubHub have previously added Google Pay for their checkout processes. After adding the new Google Pay API to their site, StubHub saw a 600% increase in exclusive visitors buying with Search engines Pay.

Customers are slowly but surely starting to have more familiar with it.

Google Pay is very simple to integrate into your ecommerce system. Just gain access to the API and add it your blog. After you run some checks it will be good to go.

It’s also worth observing that Google Pay could be integrated with other payment strategies that you might already be using on your own site, like Shopify, in addition to some of the other ones we’ve already covered on this list, like Stripe and Sq ..

9. PayCafe


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• Easy to setup
• 24/7 customer support
• All-in-one ecommerce option
• In-depth reporting
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PayCafe touts themselves as a “ Payment Suite” — and for valid reason.

They give clients a solid infrastructure for processing payments. Some of their best functions and benefits include:

  • Repeating bills. PayCafe immediately bills your customers daily, weekly, monthly, or annually based on how you set it up.
  • International card plus currency. This allows you to definitely accept payments for all main credit cards in every country across 135+ currencies.
  • Flexible payment methods. Accept payments through places like PayPal, immediate deposits, and even cryptocurrencies.
  • In-depth confirming. Dive into the crunchy analytics of your business. That way, you can improve your numbers as time passes.

Along with all that they even give you 24/7 customer support every single day of the year. That’ s an absolute must have when it comes to ecommerce payment digesting. You never want to be in a position where something breaks and you can’ t immediately address this.

10. The Merchant Solutions

The Merchant Solutions

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• $1000 savings guarantee
• Highly secure ecommerce digesting
• Excellent point-of-sale hardware as well
• Incredibly lower rates
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The Retailer Solutions primarily offers up point-of-sale solutions such as hardware and credit card processing. Nevertheless , they also give customers an excellent ecommerce credit card payment program as well.

They will tout a highly secure on the web payment service for ecommerce websites, that’ s also customized to meet your specific needs.

One great thing they offer is a $1000 cost savings guarantee. That means if they don’ t offer a processing price lower than their competitors, you’ ll get $1000 back again.

It doesn’ t matter how large or even small your website is. They have got the solutions to fit any size budget and company.

Pricing will be obscured on their website, but you can get a free quote by requesting one today.

11. Helcim


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• Create your own personal online store
• Highly secure ecommerce processing
• Excellent point-of-sale hardware as well
• Customized interchange rates
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Helcim is really a one-stop-shop solution for your transaction needs. From great point-of-sale hardware, to their ecommerce payments, they have what you need to get started promoting.

They actually offer a platform for you to create an online store through Helcim. It’ s on their site, plus comes with their payment processor chip built in. It’ s also highly customizable and comes default with some great looking designs.

They also offer the specialized food ordering shop, just in case you’ re a restaurant looking for a good way to control pickups and delivery purchases.

If you curently have an online store, they have a person covered. Their fully-hosted transaction pages allows you to add transaction options onto your site with no coding knowledge. Their solution can be integrated with some third-party software you might already use such as QuickBooks, Drupal, and Magento.

Pricing is highly customized depending on your monthly volume of sales and the price of your average deal. However , they have a offer going on right now where you can get the first three months for free. There after, it’ s $20 per month.


Your ecommerce site is useless if you can not get paid. It’s time for you to understand that all of your customers don’t have exactly the same preferences.

You have to give them as many options as you possibly can to increase your conversion rates.

Digital wallets are growing in popularity. It’s easier can be to use these alternative transaction methods as opposed to manually inputting out their payment information. By reducing friction inside your checkout process, you’ll be able to drive more sales and reduce shopping cart abandonment rates.

That’s why you should consider adding these payment methods to your ecommerce site. The greater options you have, the better it will probably be for you in the long run.

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