E-commerce sites rely entirely on an online payment system for their proper functioning. With these things in mind, we have compiled a list of the best online payment solutions that can meet the needs of trading platforms in the UK:
Worldpay is the largest payment processing company in the UK, accounting for the lion’s share of its transactions. They offer great flexibility in terms of choosing a plan. This makes it the ideal choice for small businesses. You can either integrate Worldpay payment gateway into your site or bank on their platform depending on your needs and budget. Support for 120 different currencies makes it possible to accept payments from all over the world. Advanced fraud protection makes it the best choice to keep your business safe.
Enjoy reliable, fast and painless transactions with PayPal which is the best choice for high volume retailers. However, the fees may seem exorbitant for companies with low monthly sales volume.
Payoneer has spread its wings in more than 200 countries to serve 4 million users. A Payoneer Account allows users to receive local bank transfers from marketplaces and businesses in the UK, US, Japan, EU, Canada, China and Australia.
# Wise pay
Over 50,000 businesses are served by Sage Pay, which processes millions of payments per month. The best thing about this online payment system is that it has no hidden fees and is extremely reliable. Payments are processed in just 2 days compared to the 7 days required by most peer online payment systems. Sage Pay offers a cohesive solution for businesses operating a physical store alongside an online store.
The payment process becomes super easy with Amazon Pay which offers 1-click payment options. Users can also sync their Amazon accounts and use various gift cards to make payments. Once customers enter their credentials, checkout times are dramatically reduced.
Enjoy customizable checkout that can be easily integrated into your website to help customers check out distraction-free with Stripe. If you are trying to gain customer trust as a brand and improve your conversion rate, then Stripe may be your ideal choice. Stripe accepts over 135 currencies and is relatively cheaper than peers like Worldpay.
Get your business online in no time with Square, which offers greater ease of use through its partnership with website builders like Weebly and Wix. Small businesses can especially benefit from this platform which is comparatively cheaper than Paypal.
This highly customizable payment system has become a popular choice for online retailers. Authorize.net may seem a little pricey for merchants with low transaction volumes.
When it comes to choosing the payment service for your business, you are bound to feel lost. However, you can get an overview of the different services by browsing through the roundup compiled above.