Online payment processing for online businesses

Joyzfsdsro343 · Post by **Joyzfsdsro343** » Wed Dec 18, 2024 4:46 am

If you don’t want to use Shopify Payments, you can choose from over 100 payment providers for your store. You’ll be charged a transaction fee when customers make a purchase on your store using the third-party solution. To avoid those transaction fees, opt for Shopify Payments or consider an alternative . Let’s look at some of the most popular payment gateway options you can use with Shopify in the US.

1. PayPal
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PayPal is one of the most popular payment processing options available. Over 220 million bc data europe users worldwide use it. PayPal is available in over 200 countries. To use Shopify Pay with PayPal, there are options for both free and paid merchant accounts.

You'll pay between 1.9% and 3.4% in transaction fees, plus 30 cents per transaction, depending on volume. You'll pay a $20 fee for each chargeback.

With PayPal, you get:

Easy cart integration
Online billing
The ability to accept credit card payments over the phone
People can make a PayPal payment using a credit card without signing up for a PayPal account.

2. Raya
Stripe is a popular choice as it can accept a variety of payment options. It can take payments in person and online. It can also accept a variety of world currencies. It is highly customizable, so you have more control over your payment process. Stripe integrates with over 300 products and tools to enable mobile payment wallets.

While it's designed with larger businesses in mind, it's useful for smaller companies. Its fee structure is a flat rate. You'll pay 2.9% + 30 cents per credit card transaction and 2.7% plus 30 cents for each in-person transaction using a Stripe terminal. You can't use Stripe for dropshipping businesses according to the terms.

3. Affectionate
Fondy helps you grow your business locally and internationally, allowing you to collect payments, split payments, and make payments through a single API. Fondy processes payments in 150 currencies in over 200 countries. With over 300 payment methods and geolocation, you can automatically display local options like debit and credit cards, internet banking, and e-wallets (including Apple Pay and Google Pay).

In addition to the multiple benefits and functionalities, this platform also supports payments via email and SMS. This simplifies customer payments and allows you to collect payments faster. Fondy is designed to integrate across multiple devices, making cross-platform transactions a breeze.