Online payment service providers have gained immense popularity in recent years, and it is for a good reason. Modernized online payment methods have introduced unprecedented levels of convenience and security in transacting online. To the ordinary customer, choosing between different online payment methods can be a daunting task. That is why we took the liberty to do an in-depth review of the safest and fastest online payment service providers.
Trustly Pay and Play Methods
Trustly is a licensed and highly secured platform facilitating seamless online transactions. Trustly lets your money flow from one account to the other without delays or exorbitant charges. What’s even better is that the platform doesn’t demand registrations, no need for cards, or even downloading special apps. With such modifications, there are many things you can achieve in the current age of digitization, including improved e-commerce transactions, timely deposits and withdrawals, making travel payments, and even online gaming with Trustly in the popular Pay and Play casinos. The platform also provides its users with essential user insight data, multi-currency operations, and so much more! E-commerce operators can now easily expand their market share globally with this reliable platform in the USA, Canada, Australia, and Europe.
GoCardless
This is another reliable online payment method best suited for recurring payments. Proactive e-commerce operators use GoCardless to manage their global Direct Debit transactions, including multiple and one-time payments. Platforms like this eliminate the hassle of tracking down payments as it is a pull-based payment concept working on direct debit. The platform gives your customers the ability to schedule a payment for you to collect automatically. The main objective for online payment service providers is to make it as simple as possible for both the merchant and the customer. GoCardless gives you absolute control for recurring payments to amend, cancel, pause, or renew payments. Visibility of transactions is also optimized on this platform. Small and medium online business operators can also link GoCardless with their business software for easier reconciliation of transactions.
PaySimple
PaySimple is a flexible online payment service that offers custom marketing solutions for online entrepreneurs as well as automated billing. Like the payment options described above, this platform allows for global transactions, and anyone can send or receive payment anytime, anywhere on the globe. For a subscription with PaySimple, no contracts are needed, and you do not get charged in case you cancel your subscription. For recurring payments, customers do not have to get in touch with you for payments to go through as the system is fully automated.
PayPal
PayPal is one of the most popular online payment methods used internationally. It comes with added features like credit card processing for PayFlow, Payment Standards, and Payment Pro. This platform is designed with simplicity in mind, and one can receive or send out payments without the fear of online fraud. PayPal presents a wide range of payment options for users, such as direct bank transfers, credit cards, different financial account balances, PayPal Smart Connect, and newly introduced PayPal cryptocurrency. Many prefer this platform as you do not have to share personal financial information when remitting payments. If you seek an online payment channel with an expansive global reach, this is one of the ideal platforms to try out.
Stripe Connect
This is a recommendable online financial service for e-commerce platforms and marketplaces. Stripe Connect stands out from most financial service providers as it comprises various programmable APIs and alternative tools compatible with any enterprise’s operating software. This makes it practical to manage payments and retain or transaction records. It is easy to connect with your clients with either the optimized UIs, personally customized flows, or Connect’s prebuilt. The platform runs identity verification protocols for increased security and compliance with Know Your Customer (KYC) regulations.
Apple Pay
This is an application exclusively designed for Apple smart devices for an easier transition of finances. Traditional payment methods are getting overrun by improved and user-friendly online banking solutions with lesser obligations to the user. Contactless payments secured by elaborate encryption make transacting on Apple Pay practical even for internet-based transactions. Online payment methods are steadily gaining popularity because they allow instant payments any time of the day and make it easy to link up with traditional banking institutions. They also eliminate the need to carry around credit cards or physical money. With the Apple Pay App, you do not have to touch buttons, and all personal data is not shared with third parties.
These are only a few highly secured online payment services you can easily access. There many more options, and as digitization moves to the next decade, you can anticipate further advancements in this field.