Online payment refers to money that is exchanged electronically. Typically, this involves the use of computer networks, the internet, and digital stored value systems. it is an Internet-based method of processing economic transactions. It allows a vendor to accept payments over the web or over other Internet connections, such as direct database connections between retail stores and their suppliers a common method of maintaining just-in-time inventories. It’s relatively easy to collect payments for goods and services from anywhere in the world via payment service providers.
Online Payment Solutions
PayPal is an American company operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like cheques and money orders. it’s only one of the world’s most widely used payment acquirers processing some 8 million payments every day. As of this writing, PayPal has over 137 million active accounts in 193 markets and 26 currencies around the world, which makes it easy to transfer and request payments.
Skrill an e-commerce business that allows payments and money transfers to be made through the Internet, with a focus on low-cost international money transfers. the service is great for international merchants since you’re allowed to transfer your account balance onto a prepaid debit card almost instantly.
2CheckOut is a trusted payment platform that allows users to accept credit cards, debit cards, and PayPal globally. It’s available in 87 different languages. The company also offers international payments, shopping cart stores, and a recurring billing feature.
Amazon Payments is a safe, easy and convenient method for users to receive money by using Amazon’s API.hey make a purchase on your site, they automatically go through Amazon’s checkout. This means that they’ll use their Amazon credentials, which makes the checkout process more convenient and trustworthy.
Google Wallet This is essentially Google’s version of PayPal. it is an online payment service that allows users to send safe, simple, and speedy money transfers from their browser, smartphone, or Gmail account. You can store credit cards, debit cards, loyalty cards, and even gift cards to your account.
WePay customers can make their purchases without having to leave their site, thanks to a virtual terminal. it makes standout isn’t the fact that it’s a payment processor allowing internet merchants to accept credit cards and bank account payments online, it’s the fact it’s incredibly simple.
Authorize.Net is the most widely used payment gateway on the internet. it has been the recipient of the Achievement in Customer Excellence (ACE).there are over 375,000 merchants handling more than $88 billion in annual transactions safely through credit cards and e-checks. Something’s going right over there.
Dwolla is a payments option that acts as an on-ramp to the ACH network, with some outstanding benefits. has similar features to PayPal when it comes to transferring funds, but thanks to its API,so users can create a customized payment solution where payments are received within a day. Best of all, transactions are free.