6 Payment Processors to Accept Credit Cards Online
When you set up a payment processor, it’s best to showcase a list of your authorized processors and get their respective logos on your site. Otherwise, your customers will not be able to accept any credit cards.
There’re plenty of payment processors out there. Some are easier to integrate than others, and some are more expensive than others. What’s more, not all payment processors can accept all types of credit cards. The best part is, if your customer uses a card that is not accepted by the processor, they will get a message saying “For security reasons, we’re unable to process your payment at this time.”
We’ll take a look at the top payment processors that can accept and process payments for virtually any type of card.
PayPal Direct
If you are an eBay seller and are looking to accept PayPal Direct payments, you’ll need to sign up for a payment processor called PayPal Direct.
People today use credit cards for a variety of transactions, including online transactions and even hobbies. As cryptocurrencies continue to gain popularity among some consumers, people are making online purchases with bitcoin credit cards.
The cardholder simply uses his or her bitcoin client to make an online purchase, and the transaction is completed without having to transfer funds to a third party. Once the transaction is complete, the credit card is updated to reflect the sale.
The future of online credit card payments might involve cryptocurrencies based on blockchains rather than bitcoin.
These are the key developments in the field of credit cards for online transactions:
The ability to buy coffee or other items with a cryptocurrency credit card is being explored. Such features could potentially enable consumers to buy items in the digital currency that they hold rather than a fiat currency such as U.S. dollars, euros or yen.
Using cryptocurrencies to fund a bitcoin credit card might allow cardholders the flexibility to buy items using multiple cryptocurrencies. For example, an individual could obtain a cryptocurrency credit card issued by a major U.S. bank today. Such a credit card might enable the individual to fund the card with dollars and then use the dollar-funded card to make purchases in bitcoin or other cryptocurrencies.
Question 1
How to accept credit card payments online?
Paying online with credit cards is one of the most common methods of paying and the most commonly used form of processing credit card payments online.
It is easy to operate and high conversion rates make it a highly competitive service.
For example, 92% of merchants accept credit card payments. But 2% accept credit cards online.
The internet is an easy way to manage and accept payments. Credit cards work on credit card machines, which makes it easy to take payments online.
It is popular as many businesses have online payment facilities.
Benefits of accepting payments via credit cards include no transaction costs, easy to collect, and a simple process. Online payments are fast and convenient.
Generally, merchants accept credit card payments by using the services of credit card processors. These companies serve as intermediaries between the merchant and the credit card company. Credit card processors provide a secure connection and transactions.
The majority of merchants use a credit card transaction gateway. This is usually the most cost-effective and secure form of payment processing.
One thing to consider is how to take credit card payments online?
Some merchants allow you to use a credit card terminal that is locked to one company. These terminals are ideal for businesses that have a high volume of transactions.
How would you like to accept payments?
Many business owners have wondered, “How would I like to accept payments?” but it’s not easy to find out. Because each business has its own unique needs and challenges, there is no one-size-fits-all solution. This article will cover how businesses can accept credit card payments online, whether online transactions will be a larger part of their business strategy in 2021, and how merchants can be successful in offering online payments for their customers’ convenience.
With rising consumer preference for ordering purchases online and using a credit card to make purchases, businesses have been challenged to adapt to changes in the modern business environment. Rather than familiarizing themselves with the technical aspects of payment processing systems found in stores, businesses are looking to online sources to offer more payment options for their customers.
Question 2
How to Accept Credit Card Payments Online in 2021?
In this question, the 42-year-old woman’s phrase ‘I don’t like to contribute’ was interpreted as ‘I don’t like to accept credit card payments’. This is a very common mistake. The fact was that she didn’t like to pay online because she believes that she is always at the mercy of the website’s security algorithm. This indicates that most of the services she uses online need a human verification. The problem for this woman is that she doesn’t want to give out this personal identification information to any websites…unless, of course, she absolutely has to.
Technology is becoming a part of all aspects of people’s daily lives. Although most people today may be comfortable with online shopping, paying bills and making other financial transactions, there are still many situations when they do not want to use the internet or are not able to.
What is your estimated monthly sales volume?
(You want this to be high enough to justify the amount spent on acquiring the merchant account.)
How many products or services do you offer?… I’m sure you already have a detailed list, but you need to be able to show it in a way that demonstrates your standing in the market.
What percentage of your business is credit card?
What types of card do you accept?
What is the estimated value of your bookings?
Question 3
In 2021,
There are two ways to accept credit and debit card payments online. The easiest is to provide a Paypal or Stripe button. These payment processors require you to set up an account, pay a monthly fee, and accept information about you and your business.
The harder way is to accept payments using basic HTML, JavaScript, or PHP. These payment processors provide a system where you can embed the payment button along with all the necessary code.
The important question to ask yourself is whether the easy way is really the right way for you. While it’s relatively easy to set up payment buttons, it’s really up to you to be able to use them properly and be able to accept payments. If you don’t have a serious need to accept online payments, you’re better off sticking with paypal buttons or directly accepting credit card payments.
Is your business considered high-risk due to the types of products/services sold or bad credit?
Many factors have an effect on how merchants such as restaurants, hotels, doctors, plumbers and many more should accept online credit card payments. One of the top factors discussed and debated is the risk level associated with whether or not the business accepts credit cards.
Before researching what type of merchant is considered high risk, there are some very important factors that are considered when deciding who is high risk to accept credit card payments through mobile equipment. The factors to consider are:
If the merchant allows the merchant account holder to receive a paper copy receipt.
If the merchant gives incentives to customers to use their banking institutions.
Does the merchant support cell phone provider’s payment systems?
And if the merchant gives discounts to customers via cash, check, previously-discounted products, etc… Risk level decisions are crucial in order for the merchant to be able to properly accept credit card by mobile equipment.
Merchants who accept high-risk payments must take advantage of new payment technologies, such as Near Field Communication (NFC) technology. This technology is used in mobile credit card payments to prevent fraud and reduce processing costs.
At a high level, most merchants consider themselves high-risk, which is why they check carefully at early stages of their business. Majority of mobile credit card payment terminals are booked before holiday shopping and when consumers want to purchase goods and services.
How to Accept Credit Cards Payments Online
Nowadays, people are going online in an increasing number. Most of the users are using the internet, whether it’s for online shopping, banking, or booking a service.
There are some advantages for the users to use their credit or debit cards in online payments.
By using it as the payments method, the customers can easily pay for their purchases without having to manage currency exchange. You can easily see your account balance and the transactions history online, and you don’t need to keep carrying the money to make the payments.
Besides, the customers can easily make payments even if they don’t having credit cards or debit cards. To do this, they can use the secure payment methods like such as PayPal or Skrill.
Square: Accepts Credit Cards Online Immediately
Imagine digitally swiping a credit card and it automatically being charged. Well, Square might just do that for you.
Square is the world’s first and largest merchant service for accepting credit card payments at your store. Square started in 2009 and has quickly grown to be the most popular credit card reader for merchants (including restaurants, bars, and coffee shops).
Square has an amazing interface that makes accepting credit card payments infinitely easier. The company has developed a processor that allows you to add a credit card reader to your online shop in just a couple minutes. The results are cards getting directly charged as customers continue shopping on your site.
When a credit card is swiped by the Square reader, there is an immediate transaction. It is then forwarded directly to your bank account and is done in a few days’ time. The transaction happens online and can be done anywhere in the world. The credit card holder doesn’t have to even know the name of the business or website if they made the purchase online.
In the future, Square will also allow you to accept card payments on your smartphone.
Perhaps the biggest drawback for Square is that merchants must have existing iPhones or iPads to use the service. Square also charges per swipe, so a business that does a lot of sales will have a higher cost.
How to Accept Credit Cards Online With Square
Accepting credit cards online has never been easier. No longer do you have to pay a fortune for merchant processing services. With Square, there’s no complicated hardware to set up or buy. Simply set up a free account and connect your point-of-sale system to the free Square application for any Android-based devices.
Square accepts all major credit and debit cards along with person-to-person payments off of the credit card or debit card. It accepts major types of chip cards including Visa, MasterCard, Discover, and American Express.
This payment processor is designed for simplicity. All you need to do is register for a free account and plug in your credit card reader. You can also use a mobile phone and route connections from Square to your server. This method, known as Hosted Processing, allows you to create a sub-domain on the Square website under your domain, and accept credit card payments and other types of card payments. Square is a great solution for independent retailers.
Many small businesses choose to use Square because of the simplicity and ease of use. Since you are not responsible for any fees associated with merchant processing, you can focus on running your business and not worry about running into any hassles.
Square Online Payment Features
Streamline your business operations with online credit card processing services. Whether you’re processing payments at a mobile store or behind a cash register at your brick and mortar business, accepting credit cards through a secure, easy to use platform can help you run a smoother business. And with interest in e-commerce skyrocketing, you’ll want an online solution that can bring in more sales while cutting down on overhead.
For small businesses, online credit card processing can be a big time saver. Running your business from one location can be difficult. Managing multiple locations with varying business hours and schedules can be a full time job in and of itself. Online processing services can help you consolidate your business functions and streamline your business operations, which can reduce your operating costs and increase your profits.
For larger businesses, online processing services can help eliminate barriers to growth and help you expand your business. Consider having several online payment processing accounts and taking credit card payments on-the-go with mobile tablets and smartphones. This will allow you to market your business across multiple channels and set up a more diverse customer base. This strategy can help you cut down on long lines and waiting times at your storefront locations, while also increasing operational efficiency.
PayPal: Customer-Friendly One-Touch Online Payments
PayPal has been one of the most popular methods for online credit card payments since its debut in the 1990s, receiving overwhelmingly positive feedback from users. Paypal allows the consumer to have the trust of the credit card company, and offers an extra layer of security through its own payment authentication system.
PayPal has learned to adapt to the future with the introduction of Bitcoin. In addition to traditional online payments, PayPal now enables customers to use a wallet app on their smartphone or tablet, which allows the consumer to make secure payments at the point of sale.
How to Accept Credit Cards Online With PayPal
Online shopping has been popular for around a decade, and there’s nothing to stop it from increasing. At the same time, the need to protect users’ credit card information has been recognized. This is why PayPal has been working on adding credit card readers to some of their platforms to protect merchant’s and consumers’ credit card information.
If you are one with a business that operates online, here are the components that you need to consider while accepting credit cards online.
Detect Cardholder’s Activity
Some merchants are now adding digital credit card readers to their websites to prevent fraudulent charges. These readers enable them to detect the cardholder’s information and alert them that the transaction has been successfully completed.
Merchants can either download their purchases automatically to their accounts or they can pre-authorize transactions.
Grab Purchaser’s Information
The merchant can also choose to grab the purchaser’s information along with the card data. This enables them to not only prevent fraudulent charges, but also help secure their business by knowing who the cardholder is.
Unlock and Load Funds
Merchants can also decide to lock or unlock funds on the card after the transaction has been completed. If they choose to unlock the funds, this can give them some more flexibility to handle purchases however they prefer.
PayPal Online Payment Features
Merchant services and online shopping can greatly simplify a sales process. Especially when everything is done from the comfort of your home. But one problem can arise during the transaction: how can businesses make sure users are who they claim to be? The same issue affects online shoppers; they need some kind of verification to make sure they’re not handing over their details to a fraudster. It’s for this reason the market for secure online payment methods is brimming with options.
Which of the top payment methods currently used by online shoppers is most secure?
The answer is PayPal.
Reasons why PayPal Is so Popular for Online Payments
Since its launch in 1998, PayPal has grown to become one of the world’s biggest online payment options. It’s one of the few online payment methods that have a physical card number on file, so every transaction is secure. And for those with a PayPal account, they will gladly accept online payments with their own connected PayPal account or credit card.
The company also has a number of different payment options available to merchants, including credit card, reward-based payments, debit cards, PayPal balance transfers and local payment options. In terms of security, PayPal handles transactions through a system that uses two-factor authentication for every transaction. And in the event that the card terminal is compromised, PayPal uses a PayPal token instead for payment processing.
Stripe: Create Custom Online Checkouts
Create seamless omnichannel experiences for online and mobile shoppers.
Accept payments from anywhere with second-by-second fraud protection.
Use advanced AI to move inventory, determine pricing, and prioritize orders.
Free up your staff to do more strategic work with our order management and merchandise fulfillment services.
How to Accept Credit Cards Online With Stripe
If you’d like to accept credit card payments online in 2021, the Stripe payment system is the easiest option for your business.
With a number of payment acceptance options available, choosing an online payment processor doesn’t have to be a complicated process – especially if you’re using Stripe. Stripe lets you accept credit cards for most of the services you offer, whether you’re a freelancer, an online retailer, a small business, or the owner of an e-commerce site, and offers a payment gateway with an attractive pricing plan.
Stripe offers merchants a flexible pricing model that accommodates all sizes and types of business. This flexibility means that Stripe is geared towards entrepreneurs, businesses, and small businesses – not the large corporations looking to get a big discount.
Stripe charges a 4.9% fee for every credit card transaction you process through their payment gateway. Because that fee is a flat rate, it will not increase with the volume of payments you process. In addition, Stripe is so confident in their service that they offer a monthly credit card processing guarantee. If you use Stripe, with a little effort, you can get started accepting credit cards today.
Keeping your business a safe, secure, and pleasant place to visit is extremely important to all of your customers.
Stripe Online Payment Features
Stripe provides online payment processing services that enable businesses to accept payments from clients or customers using major credit cards and electronic transfer services. Whether you’re running a products or services-based business, the Stripe API is a reliable option to accept payments through. The Stripe API serves as a secure and comprehensive gateway to accept payment for online orders. The Stripe API is used by online stores, developers, businesses, and other types of companies to integrate payment methods.
White-Label Payments
Stripe makes the processing of payments easy and convenient to mobile, web, and desktop applications. The company boasts of 90+ payment methods and low rates- from 2.9% in the U.S. Stripe allows customers to process one-time and recurring payments through its secure online payment solution. Its hosted solutions can run smoothly using a connection from a variety of programming languages like PHP, REST, JavaScript, Java, Python, and Ruby.
Secure API
The Stripe API has a scalable and secure architecture. The payment gateway provides automation for APIs, which are accessed through RESTful architecture. The RESTful architecture helps ensure compatibility with major languages. Stripe guarantees high data security and provides low rate and free support services to developers via its versatile API.
Ease of Use
With Stripe, payment processing is fast and easy. Optimize for success
Payment Depot: Affordable Way to Accept Credit Cards Online
Using Payment Depot to Accept Credit Cards Online
Online businesses are making great inroads in expanding their market. Over the last decade, e-commerce has seen a huge growth and for online businesses, it has become a necessity as well as a favourite medium to reach out to your customers.
With the advent of our information era, even small businesses are today able to reach out to their customers anywhere in the world and they are able to accept all major forms of online payments. Online businesses generally accept online payments in the form of a card swipe.
Also, as most business owners themselves are busy, with a lot of tasks to attend to, accepting online payments is one of the most daunting tasks.
Payment Depot Online Payment Features
When you accept credit cards, you know that at one point or another, you’re going to have to deal with an unhappy customer, but nothing can ruin your reputation more than a fraudulent credit card charge. Handling these charges can be tricky and complex, but fortunately, credit card processing has certainly improved in recent years.
If you’re thinking about accepting credit cards online, it’s a good idea to research your payment processor. You should be able to choose from many different types of credit card processing services, including traditional and EBT solutions. Regardless of which type of payment solution you choose, you’ll be able to process payments securely.
Depending on the type of processor you select, you might be able to take credit cards online through a secure gateway. This process is a step above using PayPal, since it restricts chargebacks to a minimum, so you can avoid unnecessary complications when you’re dealing with fraud charges.
Fattmerchant: Flexible Online Payments for High-Volume Businesses
In the world of online credit card processing, Fattmerchant is a great option for small and medium sized businesses that don’t have the infrastructure or staff to manage all the work associated with accepting credit card payments. With Fattmerchant, you can accept credit card payments online at your store, through your webstore, and even at your brick and mortar location. And because you process payments through Fattmerchant, you won’t have to give up your existing business infrastructure in order to accept credit cards. Plus, Fattmerchant makes managing your transactions easier.
Fattmerchant’s Flexible Payments:
As you read in the previous section, Fattmerchant allows businesses to accept credit card payments through their online storefront, a webstore, a mobile app, and even in person at their brick and mortar location. If your business needs to supplement its income by taking online payments for its online store, webstore, or mobile app, Fattmerchant can help you with that.
Fattmerchant’s Industry-Leading Pricing:
How to Accept Credit Cards Online With Fattmerchant
PayPal and credit card payment processes are becoming increasingly popular, and most online stores accept payment via credit card. Now that the PayPal payment gateway is out of Beta, merchants who want to accept PayPal can request for it. All you need to do is to prepare your coding and get a merchant id. First of all lets take a look at the common payment gateway methods for online stores. These methods may or may not be the right for you, but they give a general idea what the steps are involved.
Pre Authorized Visa Card Transactions
Once you have setup your account and installed the merchant payment gateway, you need to request authorization to process credit cards. Go into your PayPal account and goto the settings tab. Then select the authorization tab and click the Link Credit card button. You can see an example screen shot below:
Now register yourself with VISA or MasterCard. When you register with them, they will provide you with a unique merchant identification number.
Merchant Logout
When a customer clicks a button on your website that takes them to a different page, you would normally want them to log out of your website, unless there is an important reason not to. For a credit card payment gateway, it can be a bit different.
Before you can do that, you have to make sure they are logged out first.
Fattmerchant Online Payment Features
The average ages of today’s shoppers and buyers have changed significantly since the early 21st century. The new generation wants more and more convenience. The Millennial generation has grown up using credit cards and knows a lot about credit card and merchant services such as how it works, how to use them and what the terms and conditions are. They want an experience that is similar to using plastic credit cards. So, the preferred payment experiences for UK merchants are mobile payments using either Credit Cards and Mobile Wallet such as Apple Pay, Android Pay and Samsung Pay.
Tips for Accepting Credit Card Payments Online in 2021
Different merchants choose a Single Buy button which will instantly load the order before the customer can go back to the shopping cart. This saves the customer time and allows them to purchase items with only one click. The other option to choose is a Multi Buy button that allows the customer to add more items to their basket until the basket is full. The option the customer selects will most likely impact how the customer interacts with the checkout process in the future. For example, a customer who purchases multiple items at one time will likely have their details saved so they can easily continue shopping on the same merchant’s website on different devices.
Shopify: Accept Credit Cards Online With an Ecommerce Store
Shopify is a reputable name in the ecommerce space and has been for a long time. I have been using their platform to run my online stores for the past 11 years. The best thing about Shopify is the flexibility it allows for businesses of all sizes. While their ecommerce solutions are strong, what I really like about them is their payment solutions.
Shopify accepts credit card payments through a wide variety of financial institutions and payment gateways. Shopify offers both a merchant account and a payment gateway. Of the two, I prefer to use the merchant account option as it’s more flexible and allows me to accept multiple types of payment.
Shopify merchants can accept payments through a dedicated merchant account or a payment gateway. The merchant account option is ideal for ecommerce stores with a higher volume of sales.
The merchant account includes payment features such as fraud protection, a secure website, and advanced reporting. The payment gateway option is simpler and suited for smaller ecommerce stores. As a Shopify merchant, you can also choose to accept local payments, which is ideal for brick and mortar stores.
The difference between the two accounts is the scope of the features they offer. If you’re interested in accepting credit cards for your ecommerce store, you should consider a Shopify merchant account.
How to Accept Credit Cards Online With Shopify
Shopify Online Payment Features
Shopify plans to offer an alternative to traditional payment gateways in the coming years. Shopify’s upcoming payment option will ultimately be a big advantage for its customers (since there will be no additional fees as there are with the payment gateways), but there are some reasons why certain payments gateways might be too pricey for your business.
Expensive Fees
Traditional payment gateways and credit card processors charge merchants a processing fee every time a credit card or debit card is swiped. These fees are non-negotiable. In fact, there is no way to reduce or avoid these fees. That’s why when you are looking for a credit card processor, it’s important to find the one that’s reasonably priced.
On the other hand, Shopify offers an alternative to credit card payment gateways. This means that you can save a lot of money without having to worry about expensive transaction fees.
Customers Can Use Shopify’s Payment Option
Shopify will soon have an option for customers to make any type of payment (including credit and debit cards, PayPal, and Apple Pay) by simply scanning a code with their smartphone. This means that you won’t have to invest any additional time and money into facilitating credit card payments.
Accept Credit Cards Online Frequently Asked Questions (FAQs)
Why is it important to accept credit cards?
We live in a cashless society now, so accepting credit cards is a common requirement for online businesses. Depending on your business type, other forms of payment, such as PayPal, checks, and debit cards, can be very convenient for different reasons. But accepting credit cards is the most convenient and offers the most value, since credit card transactions are more secure than other forms of online payments.
Why Reply, Not Apply?
The process of accepting credit card payments is very simple – as long as you have a merchant account. Once you have one, you can authorize your merchant account to accept credit card payments, and then include the payment details with your online check form.
However, once the transaction takes place, you and your business will have a PCI Compliance Level rating. More and more people and businesses are choosing Reply because it’s the quickest, easiest, and most secure way to receive payments online.
How Does Reply Compare to Other Forms of Payment?
Other forms of payments, such as PayPal, checks, and debit cards, can be used for payment transaction alternatives to credit cards. But these alternative payments aren’t generally as secure as credit cards, and they also have transaction fees. Since credit cards are the most convenient and have the best value, they should be a preferred method of payment for your business.
What is the cheapest way to accept credit cards?
Back when cash was king, merchants charged a small fee to accept credit card transactions. But demographic shifts and customers’ increasing demand for immediate gratification, along with swipe fees that are traced back to a 1994 agreement between banks and Visa and MasterCard, have eroded this advantage for terminal based merchants. Today, merchants can avoid fees by choosing to swipe through an Internet terminal. But for merchants who wish to accept face-to-face, terminal based credit card payments, a receipt printer will still be required at the point-of-sale (POS) register.
With the average cost of a credit card swipe now exceeding 40 cents per transaction, however, merchants are increasingly looking to Internet based payments as a way of lowering transaction costs. One of the biggest advantages to accepting credit cards online is that you can often avoid credit card transaction fees entirely.
So how do you accept credit card payments online for free?
First, the merchant must acquire a merchant account from a credit card processor. These types of processors often charge a monthly processing fee, and also require merchants to adhere to their processor’s rules. They also sometimes give merchants access to different pricing options, and can assist businesses in implementing support for different e-commerce platforms.
Then, merchants can choose to integrate an accepting credit card payments software with their merchant account to begin accepting credit card payments online.
Is there an app to accept credit card payments?
Yes. There are online stores that accept credit cards entirely online without any app.
For example, eGifter, a website that allows you to buy, send and redeem gift cards, offers gift cards of a wide range of stores, from Amazon, Starbucks, Sephora, iTunes, GameStop, Nike, and Macy’s to Home Depot, T-Mobile, Southwest Airlines, Walgreens, and hundreds others. You can even add your credit or debit card information to your account and have the ability to shop on their website and then proceed directly to checkout with the card in hand or with a special coupon which will save you money from the total bill.
Business owners who are hesitant about allowing people to use their online store to make purchases with their credit cards can use this form of online payment method. This ensures that the security of the information is handled entirely by the credit card company and that there is no need for shoppers to supply a limited amount of information to a third party on the website.
Transactions are secure from online shopping sites, as well as eGifter. However, there are instances when you must send your order to a third party, such as processing an order or shipping the item. Of course, it is your choice to go ahead with the transaction on the website, even if you don’t trust them.
Can I accept credit cards online without a merchant account?
Do online card payments have higher fees than in-person card payments?
You can expect that future card payments will look very different than today’s card payments. In a recent survey of more than 2,000 consumers, more than 70 percent indicated that they expected their card payments to vary based on the service.
Consumers expect online card payments to come in more than one form. When the payment arrives in their email, they expect to have it immediately. Across generations, internet users are willing to pay more for the type of service that enables them to receive a card payment immediately. Additionally, they will be willing to pay more for this option if it’s more eco-friendly and they can avoid unnecessary mailing costs.
The payments will also take different forms depending on the kind of business. In general, searches on Google, Etsy, and Airbnb are more likely to produce more attractive, natural looking search results. Images of these high-priority entities will appear at the top of the list. This type of search results will be a great opportunity for card payments.
Bottom Line
Complying with payment processing rules and regulations is not an easy task. You are continuously discovering new rules and regulations that will significantly affect your business. In this article, I list the top 20 payment processing regulations that are due to come into effect in 2021 and explain how you can make sure your e-Commerce store is compliant with these rules.