There are several solutions available to you, regardless of whether you still need to build a complete eCommerce site, have one already, or simply want a flexible approach to start accepting payments online without a site.(ecommerce payment solution)

I’ll go through the fundamentals of accepting online payments in this post and show you some of the best platforms so that you can decide what’s best for you with knowledge and assurance.

5 Things About Online Payments You Should Know(ecommerce payment solution)

Here are some things to be aware of if you are absolutely unfamiliar with the online payments industry before reading about our six top recommendations in this piece.

1. NO ONE SIZE FITS ALL SOLUTION EXISTS(ecommerce payment solution)

A few key aspects that are particular to you and your business must be taken into consideration when choosing the best payment processor to begin accepting eCommerce payments. Consider the website for your online store.

Do you already frequent a website you like? Or are you just getting started? While some of the alternatives on our list serve as payment gateways, Square and Helcim, for instance, provide users with a “out-of-the-box” solution with site layouts and payment buttons.

If you’re reasonably technical, you can use plugins or software APIs to incorporate solutions into your website. If not, you should probably look into a provider that offers that feature right now.

Of course, you’ll also need to assess your financial situation and determine how much you can afford to spend on additional software services and payment processing.

2. A payment processor and payment gateway are required.

The fact that accepting credit card payments for online purchases actually involves two parts is a common source of misunderstanding for individuals. A gateway and a payment processor are both required. You may choose to sell your payment gateway and payment processing services independently or as a package (PayPal, Square, and Stripe, for instance). If you choose a payment processor that does not offer gateway access, you will have to purchase it from another service, such as

An account that enables your company to accept credit cards and to receive credit card payments is provided by a payment processor. Processors deduct their own fees and processing charges related to the transaction because it removes some of the liability. Your payment processor receives the data following a transaction’s successful completion by the payment gateway.

What would be your point of sale (POS) interface in a brick-and-mortar transaction is replaced by a payment gateway. By sending the transaction information from your website to the processor, who then asks the payment from the customer’s bank before transferring funds to you, it enables you to safely handle payments online. Along with providing services like eCommerce recurring payments and a credit card vault, a payment gateway is also in charge of the majority of the security elements connected with online payments.


You will need to consider not only acquiring a payment processor but also what kind of payment processor you require because nothing in the world of payment processing is ever straightforward.

You might or might not be able to open a conventional merchant account, depending on your volume. Consider your merchant account as a holding area where all of the hectic work associated with accepting credit card payments takes place. You don’t have direct access to your merchant account or the capacity to make deposits and withdrawals into it, unlike, say, a business checking account. Instead, a day or two after accepting the transaction, it automatically transfers funds to your business bank account.

Unless you experience a sharp increase in chargebacks, merchant accounts are typically stable and you’re less likely to experience holds, freezes, or terminations. But the establishment of merchant accounts takes a little while because of the underwriting procedure. To get it up and going, you should allow three days or so, but it might take longer if you’re in the middle of negotiations or your company is extremely complicated.

The main disadvantage is that you frequently have to satisfy minimum credit card transaction limits; $5,000 per month is usual, while others require you to handle at least $10,000 per month in credit card purchases. There are several pricing structures for merchant accounts, and not all of them are fantastic. Because interchange-plus pricing is the most clear and straightforward to compare, we advise using it.

So what do you do if your new company isn’t generating that much revenue?

You can use an outside processor (aka payment services provider). A third-party processor places you in a pooled account with other merchants rather than giving you a separate, individual merchant account.

While opening an account with a third-party processor is often quicker and simpler than opening a merchant account (you may start accepting payments right away), there is a slightly higher chance that your account will be suspended or terminated. Nevertheless, they offer a starting point for new or established firms seeking more dependable pricing. Regardless of the type of card used, the majority of third-party processors operate under a flat-rate price model; for eCommerce, this cost is typically 2.9% + $0.30.


Although the majority of your eCommerce transactions will undoubtedly be made with credit and debit cards, there are other ways to make payments online.

Every few years, it seems, a new tech company introduces its own digital wallet. We’re referring to apps that enable you integrate one or more payment sources to a single account, such as Apple Pay, Google Wallet, PayPal, Venmo, and Cash App. You can use mobile wallets (a sort of digital wallet that resides on your phone) in person to tap-to-pay at terminals that support near field communication (NFC) transactions. While other digital wallets often maintain a balance that may be used for online payment methods or placed into a bank account, mobile wallets typically directly debit a linked credit or debit card.

The other payment method you might want to consider isn’t cutting edge. In actuality, the automated clearing house has existed since the 1970s (ACH). ACH transactions make direct transfers between bank accounts rather than using the credit card company as an intermediary.

Although ACH payments can be one-time transactions, you’re probably more interested in using them for regular payments if you’re using them in a retail setting.

Source: ecommerce payment solution , ecommerce payment gateway

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