The payments industry undergoes changes seemingly every week, as companies create innovative ways to transform how we pay for goods and services.
At their most basic, payment processing companies handle the transactions between two parties, most often a customer and a merchant, by transferring payment information (such as a credit card) from the customer to the merchant’s bank account of choice.
Hundreds of companies offer this service, but Marketing Land has ranked the best payment processing companies out there, and the three following companies topped the list.
Unsurprisingly, PayPal ranked in first place. The company has been the go-to name in online payments processing since its debut in 1998. It’s greatest strength is its widespread availability, as it operates in more than 200 countries and in 26 currencies. This makes it the first choice for consumers and merchants. And retailers can also easily integrate PayPal checkout on their websites, process payments through a browser, app, or reader, and offer credit lines to customers.
Second on the list is Due, an end-to-end service that handles the total billing and payment process for freelancers, small businesses, and other companies. Due provides time tracking, project management, and custom invoicing. Furthermore, these features are all available in more than 100 languages, currencies, and tax systems, along with international credit card processing.
Third is Stripe, which offers a customizable payment solution for developers, who can manually adjust settings inside Stripe’s API to craft a product that best fits their needs. Stripe facilitates the acceptance of credit card, debit card, and bitcoin payments from more than 130 currencies.
These are just three of the companies that are transforming the payments industry. There are hundreds of stakeholders in this industry who benefit when the process runs on digital rails, a practice that is becoming increasingly common.
Evan Bakker and John Heggestuen, analysts at […]
