Want your business to enjoy seamless and secure transactions? Suppose you are interested in making the payment process as smooth as possible for your website visitors, thus enhancing customer satisfaction. In that case, you’ll want to take your time in choosing the best payment processing software on the market. Keep in mind that the decision of which software to use will depend solely on your business needs – what might work for your business will probably not be ideal for someone else.
For example, if you care about choosing a solution that will facilitate the quickest payments, and you conduct all of your business online, crypto will probably be the optimal choice. Cryptocurrency is perfect for online purchases, and there’s a plethora of businesses that can benefit from its versatility. These include your average online store, a reputable online casino, or a luxury watches retailer – and these are just some examples. Out of all the blockchain networks available, Solana is among the fastest. This allows Solana casino sites to offer fast transaction speeds and instant deposit and withdrawal options.
Now, many people are still not interested in crypto trading, and that’s not a fact business owners can discard so easily. Iif crypto isn’t your cup of tea and you want to go for something more conventional, here are a few payment processing software solutions that might have everything that you are looking for – and more!
#1. PayPal
Starting with the holy grail of payment processing software solutions, PayPal stands out as one of the most popular payment options in the world, and for a good reason. Not only is it one of the longest-running payment solutions on the market, but it’s also one that’s easy to set up for merchants and clients alike. With an average PayPal account holder performing 60.6 transactions in 2024, it’s evident this payment solution is here to stay.
At the moment, this leading online payment platform has 434 million active accounts, processing 26.334 billion transactions per year. PayPal is used in 190 markets and supports 25 currencies.
Even though PayPal might seem like the most logical solution, the one thing you need to take into account before creating an account is the fees associated with transactions. Whether you are going to make a lot of transactions with clients/suppliers, or you expect a significant volume of payments from customers through PayPal, keep in mind that this solution comes with considerable fees. While they are still in what would be deemed as an affordable range, some other solutions on our list have lower fees, like Stripe.
#2. Stripe
Stripe comes with many of the same benefits as PayPal, with the one difference being that this solution is made for developers. It gives a business a great level of customization options, making it possible to fully adapt the product to your business needs.
Another thing worth mentioning is that Stripe works well for both online and in-person payments. Even though Stripe’s specialty is card payments, the solution also supports digital wallets and international payments. At the moment, over 100 companies process more than $1 billion via Stripe, making this payment processing software one of the biggest names in the industry.
#3. GoCardless
GoCardless might not be as popular as Stripe and PayPal are at the moment, but that might quickly change due to this solution’s benefits for business owners. For starters, GoCardless doesn’t rely on credit/debit card payments, as it collects money directly from a person’s bank account.
This results in lower fees and processing costs, which is particularly important for international payments.
Reduced costs aren’t the only positive side of GoCardless, as this solution is at the top of the game when it comes to providing a high level of automation and reduced manual admin work for business owners. It’s also the optimal choice for businesses that are expecting a high volume of international payments, as merchants don’t need to have an account in the same currency as the customer to collect a payment.
#4. Adyen
Adyen is a Dutch payments company that has expanded its reach to other markets, including the US. That’s why this payment processing software might not sound like a household name yet, but its good qualities are likely to change that in the years to come. The first thing businesses need to know about Adyen is that it’s an all-in-one payment solution that’s best suited for card payments, although it also works well for bank transactions. The solution comes with many useful built-in features, such as financial management services and data analysis.
But what fascinates users the most about this solution is Adyen’s built-in fraud protection system. It’s quickly turning into one of the safest payment processing options on the market, which has businesses flocking to it – yours might be next.
