As a business, you most likely have an online presence. There is also a good chance that you need to integrate a payment gateway for your customers to buy from your business. The payment gateway you have can make all the difference between the success or failure of the company. If a customer finds the business they are buying from is an expensive and inefficient payment method, they are likely to stay away from it. So, what are the best payment gateways a business can choose today and grow?
Thanks to technological advances, there are many good ones to choose from, both crypto and otherwise. Below are some of the best ones to choose from.
PayPal
PayPal is one of the most popular payment gateways in the world today. That’s because it allows for instant payments and at pretty low fees. PayPal also has an escrow system that protects both the buyer and the seller. Recently, PayPal introduced cryptocurrency payments. The only downside to PayPal is that it is a centralized system, and PayPal can hold payments for up to 6-months. If this happens, it can disadvantage a business that uses PayPal for most of its sales.
Skrill
Skrill is another of the top payment gateways that have recently gained traction. Skrill is known for its quick transactions and security of payments. This payment gateway supports over 30 currencies. Skrill also allows for card transactions making things easier for other businesses. However, like PayPal, Skrill is a centralized system and comes with the risk of money being held for a long in case of disputes. Nonetheless, it is one of the best payment gateways in the market today.
Amazon Pay
Amazon is known for its high-efficiency level in all the industries it operates in, and payments are no exception. Amazon Pay, the company’s payment gateway, is one of the best in the market. Amazon Pay has several advantages, including fraud protection, auto payments, and quick transactions. However, like the other centralized payment gateways above, it has its downsides. One of them is that it is not global. Amazon Pay is only available in a few countries, which can limit any business that wants to target a global client base with online payments.
Stripe
Stripe has grown in popularity in recent years, and for a good reason. One of the benefits that come with Stripe is that it has a mobile customer interface. Given that most people now use smartphones for everyday transactions, Stripe is a good option for a business that wants to make things easy for customers. The best part is that Stripe accepts payments in multiple currencies. This is a good fit for any business that wants to reach a global audience at any time. With Stripe, the system also helps you easily handle client disputes easily, which is perfect for customer retention and long-term business growth.
What about crypto?
While centralized payment gateways are still dominant in the market, cryptocurrency payment gateways are also coming up. They are gaining momentum because they facilitate payments in decentralized cryptocurrencies that are highly secure and can be used by anyone from anywhere in the world.
Among the best cryptocurrency payment gateways in the market today are as below:
BitPay
One of the reasons Merchants prefer BitPay is timed withdrawals. It is also one of the easiest cryptocurrency payment gateways that any business can choose to integrate. Pretty much anyone can do it without the help of expensive computer geeks. The biggest challenge with BitPay is that it is only available in a few countries. This can limit a business that wants to sell to clients globally.
Binance Pay
Binance is not just one of the best cryptocurrency exchanges in the market but also owns one of the best payment gateways – Binance Pay. One of the best ones is that it processes transactions in multiple cryptocurrencies. At the same time, it has some of the lowest fees of all cryptocurrency payment gateways. A business’s only big challenge with Binance Pay is that it is not accessible globally. A company that targets a global market would find it inconvenient.
PayAABB
PayAABB is a recent entry into the cryptocurrency payment gateway market, but it is quickly growing in adoption. That’s because its core features are a perfect fit for any company that wants to integrate a cryptocurrency payment gateway.
One key factor that makes this gateway stand out is its integration of multiple cryptocurrencies. With PayAABB, a company can receive payments in more than 400 cryptocurrencies.
PayAABB is also designed for easy integration. Any business person can do it quite easily, without much hustle. PayAABB is also highly secure, a significant factor since it is all about money.
PayAABB fees are also pretty low, which makes it perfect for everyday payments. This payment gateway also allows for payments via SMS and social media sites like WhatsApp.
Verdict
All the above payment gateways are pretty good for a business that wants to accept online payments. However, from our analysis of them, PayAABB takes the cake. That’s because it is available globally, making it a better option than the rest analyzed above.
PayAABB also has amazing customer support that you can contact at any time of day. This is important because issues with the system, without proper customer support, can lead to client issues.
Most importantly, PayAABB low fees make it attractive to customers looking to pay in crypto. Essentially, if you want to leverage the power of online payments, PayAABB is a pretty solid bet. You can check them out on PayAABB.com to learn more about their services.
