Best online payment systems for small businesses

Online payment systems are the third-party payment providers that help businesses to receive payments from their customers on e-commerce websites or online service platforms via credit cards, email addresses, or a user-made account. To explain online payments in much simpler terms, it refers to the electronic exchange of money between customers and businesses.

Online payments are a new trend in the business world. The growth of online payment systems in the recent past is quite significant as people are looking forward to technologically advanced solutions and will continue to rise even further in the upcoming years. This article will guide you in your quest to find the best online payment system for your business.

How does an online payment system work?

Online payments are one of the secure ways to make electronic transactions. By choosing a third-party payment service provider for your e-commerce website or any other online platform you have to pay them a certain percentage for every transaction you make in addition to the percentage of the total invoice. You will be provided with options like monthly or annual subscription fees based on your third-party payment service provider. Before choosing an online payment system for your business, you should consider few points like:

• The online payment system should provide security.
• The online payment system should ensure effective transactions at all hours.
• The online payment system should be able to use on multiple devices at a time.
• The online payment system should come up with an easy integration process.
• The online payment system should provide 24/7 customer support etc.

3 Best online payment services:

Google Pay:

Google pay is one of the most efficient, safe, easy to use, and safe to use payment service apps. Google Pay allows its users to pay their bills through an account connected to their Google profile. The online payment process is quite simple, you can pay or request money either on your mobile device or in a web browser. You can set up reminders for recurring payments which you need to pay at regular intervals. You don't have to worry about security problems if you’re opting to choose Google Pay as a payment service app for your business as Google pay uses multi-layer security.

PayPal:

From small businesses to multinational companies company’s across the corporate world are familiar with PayPal's online payment system. PayPal has been established for a long time with strong security measures. With a strong customer base of 325 million active users across a number of countries around the world, PayPal unquestionably is one of the best online payment services for your e-commerce website. One of the most amazing features provided by Paypal is that users can send money directly through its service. PayPal takes 30¢ per transaction plus 2.9% for most types of domestic transactions.

Amazon Pay:

Amazon Pay is an online payment service held by the multi-million dollar company Amazon. Amazon Pay makes it simple for hundreds of millions of customers across the world to make payments for goods and services. Amazon Pay uses the information that already stored in their Amazon accounts. This means that there is no setup or sign-up required. Merchants can add an Amazon Pay button to their checkout processes making it customizable to their business needs. Amazon Pay is charging 2.9% along with $0.30 for every transaction for domestic payments.

Having a Point of Sale system, also known as a POS system to run a business is not an option anymore but a necessity. Zobaze POS android app will let you add different payment service apps and also comes up with super-advanced features powerful insights, shopfront, web-office, easy UI to handle, etc which are without any question the best for your business. Not to forget Zobaze POS android app has 500k+ downloads and a 4.7 rating in Google Play Store. For any queries or information visit: www.zobaze.com