The 10 best online payment methods for businesses

Online payment solutions are essential for almost every type of business. Booking and paying online is convenient for many consumers, so it’s important to make sure your business is keeping up.

Small businesses, startups, and even large corporations can all benefit by offering online payments to consumers, but how can you securely accept different forms of payment? What if you need to accept multiple currencies for global businesses?

The solution is to find a trusted, reliable online payment method platform that makes the customer experience seamless while giving you more control and insight into your income.

Many online businesses accept payments by credit card, debit card, or direct connection to one’s bank account.

Advantages of online payments

Online payments can help you reach a wider audience, and many online payment methods also offer data analytics to give you a better idea of ​​what your customers are most interested in about your business. Online payments can also provide a layer of security for consumers and businesses alike.

Many online payment solutions offer post-payment workflows, allowing your business to automatically send follow-up emails to customers after their purchase. These methods keep payments together in one place, which is easier to manage than piles and folders of receipts in an office.

There are many online payment solutions for business owners these days, but you should work with ones that suit your business needs. You should also consider options that can scale as your business grows and methods that offer security and great customer service.

1. Deposit Fix

DepositFix makes it easy to integrate with other business resources, including HubSpot forms, Stripe, and PayPal. This means you can seamlessly accept payments through HubSpot forms and payment information is sent directly to your company’s Stripe or PayPal accounts. With this technology, you can create workflows after customers make payments, so they automatically receive follow-up emails, receipts, upsells, or requests for product or service reviews after their purchases.

DepositFix works best for businesses that sell digital products or services. You can also use it to collect donations or send invoices. It offers top-notch security for you and your customers. If you need to get in touch, this platform provides a help library for self-service, or you can reach out to customer service via phone or email.

In one case study, DepositFix has enabled The Ceramic Tile Education Foundation to move from offline phone payments to a more secure, streamlined online system. Online payments increased from about 10% to over 53% and continue to grow after the company implemented DepositFix’s online payment solutions.

2. Stripe

A great payment method for small businesses and large businesses, Stripe offers enterprise-grade payment processing services. This comprehensive platform enables both online and in-person businesses to accept payments digitally while preventing fraud with their Radar protection. Stripe integrates with popular online shopping systems like WooCommerce and Shopify.

Stripe is popular worldwide and supports over 135 currencies and payment methods. It’s also easy to start using; You can have it up and running for your business in about 10 minutes. In addition to solid documentation, you get 24/7 support from their customer service team.

Slack, a key communications platform for businesses, uses Stripe for payments in 15 countries. Even as there was a spike in usage during the pandemic, Stripe offered 100% uptime and increased corporate profits worldwide by streamlining online payments.

3. Pay for a site

One Page Pay works with several different CRMs, including HubSpot, as well as various payment platforms like Stripe, PayPal, Take Payments, and GoCardless. It creates a special payment form page and sends sale details straight to email or your CRM. This platform offers bank-grade security for your consumers’ data, and you can set up your first payment form in less than five minutes.

Choose from a one or two column form, or work with One Page Pay to create a custom payment form that fits your exact needs. You can generate reports based on the transactions, and since this service integrates with HubSpot, it will automatically contact consumers with things like surveys or digital product delivery after their purchases.

4th square

Square is a popular payment solution and one of the best online payment methods for small businesses. Whether you want to offer appointments, sell physical or digital products, or run a restaurant that takes orders online, Square has you covered. You can send invoices and/or collect payments from this platform, and it even offers a free ecommerce service to help you get your business up and running.

Square offers everything from brick-and-mortar retail hardware to e-gift cards and a dashboard with analytics to track your success. Square also lets you manage your payroll — from entering time cards to automatically paying employees — and open a fee-free Square checking account for your business. With the online payment solution, you can also easily add shopping cart buttons, purchase links, and QR codes to help customers find your products and services.

5. Checkout HQ

Imagine being able to create a searchable database of your products, create personalized payment and quote forms, and access attribution reports to see how your marketing efforts are affecting sales. This is all a reality with Checkout HQ, which integrates with HubSpot to make online payments a breeze.

The platform works automatically with your current HubSpot theme, so it fits your brand right out of the box. It also integrates with Stripe for payments, and you can customize the checkout experience to improve the customer experience.

6. Collect

Start accepting credit card payments online with Collect, which works directly on your HubSpot pages instead of sending customers to another window. It’s easy to install, requires no coding skills to set it up, and ensures a seamless customer experience from visiting your website to making a purchase.

Make secure payments right on your website and add pricing tables, buy buttons, and payment forms. You can even allow customers to make one-time purchases or subscribe to your products or services.

Collect currently integrates with Stripe, but plans to work with other payment services in the future. There’s no per-transaction fee, so you simply pay for the Collect subscription without the additional cost of each sale.

7. Authorize.net

Authorize.net has been in the online payments game since 1996 and is trusted by nearly 450,000 merchants. The service helps businesses process over $149 billion in payments annually.

This platform allows your business to collect funds via credit card, contactless payment, and even electronic checks to better serve your customers’ needs. Authorize.net handles everything from authorization to capture to securely processing payments.

8. PayPal

PayPal has quickly become one of the leading online payment methods, with the platform seeing over $930 billion in annual payments volume in 2020. Consumers can pay you using their credit or debit card, PayPal balance, or bank account. The platform allows customers to quickly check out with one click, and the innovative Store Cash feature helps convert users who have abandoned their carts into sales.

PayPal integrates with many major ecommerce platforms, allowing it to work with your existing systems. You can also add Shopping Cart, Buy Now or Donate buttons or work with PayPal to create a more robust and customized online payment solution.

9. Intuitive

Intuit offers a range of business tools, including flexible payment solutions for businesses looking to accept online payments. You can offer credit card, debit card, eCheck, or ACH payments both online and in person to make payments more convenient for customers.

The scheduling tool lets you schedule automatic, recurring bills, and payments are integrated with your Quickbooks account for seamless bookkeeping, quick deposits, receipt capture and organization, bill payment, income and expense tracking, and more.

10. Dwolle

Dwolla is a scalable online payment solution, so you can count on it to accept payments as your business grows. You can customize the payment platform to suit your business needs and branding, and it offers excellent security for sensitive data.

You can send or receive money, which is perfect when you need to pay contractors or want to receive consumer payments. Payment methods for Dwolla include ACH, balance-to-balance between Dwolla users, real-time payments, push-to-debit, or bank transfers.

Increase sales by offering online payment solutions

Offering consumers online payments makes the shopping experience easier than ever. If your online payment solution offers additional benefits such as automated follow-up emails or scheduled billing, you can further increase profits and customer satisfaction.

There are many online payment solutions out there, so find one with robust features to suit your needs, fees that fit your budget, and security and support to give you and your customers peace of mind.