digital payments Archives - TechReviewsCorner Corner For All Technology News & Updates Thu, 16 Nov 2023 11:04:56 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.2 https://www.techreviewscorner.com/wp-content/uploads/2020/05/TRC3.jpg digital payments Archives - TechReviewsCorner 32 32 Best Payment Solutions For Modern Online Businesses: Top 5 https://www.techreviewscorner.com/best-payment-solutions-for-modern-online-businesses-top-5/ https://www.techreviewscorner.com/best-payment-solutions-for-modern-online-businesses-top-5/#respond Thu, 18 Aug 2022 15:43:41 +0000 https://www.techreviewscorner.com/?p=4329 Every business needs a payment gateway to encrypt their customer’s payment information without compromising the validity of their transactions. It’s a means to determine whether a customer’s purchase has been approved or not, and every online business needs to embed these systems on their website. If not, how would you accept payments for the products […]

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Every business needs a payment gateway to encrypt their customer’s payment information without compromising the validity of their transactions. It’s a means to determine whether a customer’s purchase has been approved or not, and every online business needs to embed these systems on their website. If not, how would you accept payments for the products or services you offer?

Here’s how it works; you’ll add your payment gateway of choice to your website, and your customers will pay you through it. It takes seconds, and the security embedded in them makes them safer.

This is why many US players use Cash App for gambling online, and we’ve found that this website offers the best selection of Cash App casinos. The peer-to-peer payment method is facilitated on the player’s mobile device with a Cash App account linked to their bank. The payment solution is fast, secure, convenient, anonymous, and easy to use for gambling and casino transactions.

If you’re starting an online business or want to make payments more flexible for your customers, you’ll discover the top 5 payment solutions for your business in this blog post.

Top 5 Payment Solutions For Your Online Business

Your company needs to evolve along with technology. If you have transitioned from a physical store to a digital one, you need to adopt any of the following payment gateways to serve your customers better:

Cryptocurrency Payment Solution

Adopting cryptocurrency payment solutions could make your business more admirable to customers in a world that’s now friendlier with digital currencies.

The gateway will allow you to accept crypto coins and receive the equivalent fiat currency in your bank account immediately in concert with the exchange rate. Some companies, like Coinbase, facilitate this exchange, and this could be a great way to cut transaction costs.

The great thing about this payment solution is that you can accept money from anywhere globally since crypto is borderless. The transactions are swift, and you can get paid for your services in minutes.

Authorize.Net

This is currently one of the world’s most popular payment gateways, and it was founded in 1996. It provides services to almost half a million businesses and facilitates over billion-dollar transactions annually.

The platform has established a partnership with several payment systems like credit and debit cards, digital payment and e-check methods, all of which allows it to accept payment from any country in the world. It is also an easy-to-use platform since it’s navigable, the features are obvious, and you can prevent fraud by identifying fraudulent filers.

The payment solution also has a customer information management system, which means you can follow up with customers through their provided email addresses. Subscription to this platform is often $25 monthly, but transactions cost between 2.9% and $0.30.

PayPal

This 1999 digital wallet became eBay’s in 2002 and has since been one of the most respected online payment solutions. It provides competitive fees and is easy to use for businesses.

You only need to create a business account (even if you have an individual one). PayPal accepts payment from several methods as it’s in partnership with providers like MasterCard, Visa, American Express, PayPal Credit, Discover, and a few others. This means you can process payments from several countries.

PayPal also helps businesses by providing online invoicing features and phone-based credit card payments. The company charges $30 a month and 2.9% + $0.30 on each transaction. It facilitates payment from over 200 countries in about 26 currencies, but only customers in the US can pay with their credit cards.

Stripe

The 2011 company is in over 14 countries and claims that 90% of US-based online buyers utilize their platform for their online payments. It has a customizable payment method and competitive transaction fees since it supports over 135 currencies and payment types.

The outlet also prides itself in adapting to business’s needs and is integrated with platforms like Shopify, Wix, BigCommerce, Squarespace, among others. It also has a virtual Point of Sales Terminal (POS), which makes mobile and contactless payment easy and possible.

Unlike other reviewed payment gateways, it doesn’t have a subscription fee but charges between 2.9% and $0.30 on every transaction your customers make.

Braintree

Founded in 2010 and acquired by PayPal in 2013, Braintree has mostly been considered the best system for startups. This is because it accepts all major payment types, over 135 currencies, and has an easy-to-use design.

Since it’s a subsidiary of PayPal, it benefits from the network of PayPal and also helps companies manage their data, encrypt data, access reporting tools, and enjoy automatic account updates. Transactions cost between 2.9% and $0.30 on Braintree, and the platform provides data migration assistance and fraud prevention services.

If you are a business that would like to add a third party to your software to know your tax rates, you can do this with Braintree.

The Bottom Line

You can’t effectively operate your online business without payment transactions, and only reliable gateways can facilitate those processes. The payment options mentioned above are some of the best available right now.

But how can you pick the right solution for your online business? The solution is to think about what your company needs right now.

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Ways to Vet a Crypto Payment Processor Site https://www.techreviewscorner.com/ways-to-vet-a-crypto-payment-processor-site/ https://www.techreviewscorner.com/ways-to-vet-a-crypto-payment-processor-site/#respond Tue, 23 Nov 2021 11:26:03 +0000 https://www.techreviewscorner.com/?p=2970 In this digital era, many changes have been experienced in the way we live our lives. At some point, the introduction of online shopping seemed like the most significant change. However, new payment methods like online payment and how to buy cryptocurrencies have recently been introduced. Crypto is a digital currency that is currently taking […]

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In this digital era, many changes have been experienced in the way we live our lives. At some point, the introduction of online shopping seemed like the most significant change. However, new payment methods like online payment and how to buy cryptocurrencies have recently been introduced. Crypto is a digital currency that is currently taking the world by storm. Cryptocurrencies like bitcoin are fast going mainstream. Various stores and brands are presently accepting crypto for their products and services. For instance, you can buy gift cards with cryptocurrencies.

Whether buying gift cards or any other products, e-commerce websites are working towards making it easy for their clients to use crypto payment. Therefore, most of these websites have to get a suitable crypto payment processor.

What are crypto payment processor sites

A crypto payment processor’s role is to accept crypto payments. It is software on top of a Blockchain-based network to facilitate the transfer of crypto assets. There are two types of crypto payment processors; custodial and non-custodial. Custodial processor sites offer features like conversion of crypto to local currency. They also enable transactions through a wallet. The wallet keeps your private keys and provides backup for your assets.

On the other hand, non-custodial processor sites allow a range of crypto payments and lightning payment transactions. They allow transactions through third-party wallets. Thanks to the private keys, this allows you total control over your assets.

Ways to vet a crypto payment processor site

When choosing an ideal crypto payment processor site for your e-commerce website, you must vet it to ensure it is the best option. The following are some ways to vet a crypto payment processor site;

Consider its credibility

The easiest way to vet the site is by checking its credibility. You can find out how many other merchants are also using it to process their crypto transactions. Naturally, the more people use the payment processor site, the more credible it is, and vice versa. It would also help to look into the company behind the payment processor site. Ask questions like “is the company reputable and well-established?”

Consider its reliability

When vetting a payment processor site for crypto, the next thing you must do is its reliability. It would be wise to consider technically reliable options. This way, you need not worry about technical issues during the payment processing. More often than not, these issues cost a lot of money and influence your customer retention. You may also want to consider how long the site can function without experiencing technical issues, especially if you have a lot of traffic on your e-commerce website.

Consider the fees

A good crypto payment processor site should help you save on fees to a significant extent. This is one of the primary advantages of accepting crypto as a payment technique in e-commerce. You get to enjoy lower fees on your earnings compared to credit cards and other payment methods. The payment processor site should also offer a similar benefit. The best crypto payment processor sites, like CoinGate, only charge 1% transaction fees.

Integration and flexibility

The ease at which you can integrate the crypto payment processor with your website is also worth considering. Its flexibility will also help determine how it suits the different features on your e-commerce site.

Final word

Many people currently buy bitcoin and buy cryptocurrencies because they are becoming an acceptable payment method. According to research, more than 10% of americans are currently trading crypto. Therefore, it makes sense for e-commerce websites and companies to accept crypto payments. Crypto assets will soon be taking banks and credit card networks out of business. However, a few issues like the instability and volatility of the crypto market are still holding it back from going 100% mainstream.

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