How to Find the Best Payment Gateway for your business

Payment platforms such as Stripe, Braintree, Authorise.net, and PayPal are well-known. If you want to integrate a payment platform into your online or mobile app, you'll probably have to choose between these solutions.

Features and Pricing Scale

Most online payment processors have a very straightforward price plan. They charge a flat fee of roughly 2-3 percent plus a few cents on every dollar transaction.

PayPal, Stripe, and Braintree all allow you to customize your prices to help you find the best option for your company. You can obtain bulk discounts, country-specific rates, and a slew of other options to customize your experience.

• PayPal:

  PayPal was one of the first companies to accept online payments, so it's no wonder that its pricing strategy has become industry standard. Signing up for a PayPal account is free, and they deduct a tiny fee from each transaction before it reaches your bank account.

  However, the final price is mostly determined by the location of your company. For business owners who need a lot of currency conversions, the fixed rate varies per country, and processing fees can mount up quickly.

  PayPal also offers a virtual terminal and recurring payment alternatives in addition to their usual offerings, albeit both come with monthly fees. They also provide charities and nonprofits a discount on processing fees, which is a lovely touch.

• Stripe:

  Stripe is a full-featured payment platform with a simple pay-as-you-go model. You'll have access to all of the tools you'll need to handle your payments (which goes without saying). You also get regular updates, no monthly costs, and access to over 100 features.

  Stripe also has an app suite to assist you in creating the eCommerce platform of your dreams. With Atlas, you can add recurring subscriptions, automatically detect fraud, and transform a concept into a startup for a few more dollars to a few hundred.

• Braintree:

  Although Braintree's cost is comparable to PayPal's, you'll discover that it is less expensive for domestic transactions. You can create a fantastic checkout experience and have access to all you need to manage your payments for this low fee.

  You gain access to a wide range of services with Braintree's per transaction payment system, including a merchant account and gateway, basic fraud tools, third-party integrations, data encryption, and much more.

• Authorise.net:

  Another well-known and recognized payment gateway is Authorize.net. In addition to transaction costs, Authorize.net charges a monthly fee. With the official plugin, you'll have to pay extra for WooCommerce integration.

  You also get an Advanced Fraud Detection Suite, an outstanding support team, and quick-sync with QuickBooks to make the accounting side of your business a little easier for the price. Recurring payments are also supported via Authorize.net.

Accepting Payments

• PayPal:

  PayPal supports all the credit cards you would expect, including Visa, Mastercard and American Express (though the latter comes with a bumped up fee). You can also accept more obscure cards like JCB, Maestro, Discover and Diners Club.

• Stripe:

  Stripe, like PayPal, accepts all major credit cards. The fact that it accepts AliPay, China's main payment platform, is its major edge in the Stripe vs PayPal duel. If you do business in China, that may be enough to persuade you.

  Stripe also accepts payments through the Automated Clearing House (ACH) (direct transfers from one bank account to another). These payments are low-cost, simple to automate, and simple to keep track of.

• Braintree:

  So, how does Braintree fare in comparison? Although it does not accept AliPay payments (sorry, Chinese friends), it does support ACH direct debits and a slew of other common payment options. Payments can be taken via PayPal and Venmo (two of the world's largest digital wallets), as well as traditional methods like VISA checkout and MasterPass. Customers can also make purchases using Google Pay and Apple Pay, which makes things even easier (and faster).

• Authorise.net:

  Authorize. Net accepts Visa, Mastercard, American Express, and E-check as well as other major credit cards. It also takes PayPal payments.

Integrations & Ease of Use

• PayPal:

  PayPal is one of the world's most popular financial technology services. It's not so much that it integrates with other services as it is that other services integrate with it, making running and growing your company a snap.

• Stripe:

  Stripe has a massive array of third-party integrations to let them grow their services and add new features. And what if you require anything else? With the help of Our Developers, you can create your own bespoke Stripe integration.

• Braintree:

  It integrates with some of the most widely used eCommerce systems, shopping carts, analytics services, and billing software on the internet. They also have Zapier integration, which brings the total number of integrations to about a trillion. If you're tech-savvy and can't find an integration that meets your needs, you can always use Braintree's open API to create your own.

• Authorise.net:

  You can sign up directly with Authorize.net. They offer an all-in-one merchant account with gateway service if you do not have a merchant account provider.