Billing and actually taking payment from your customers is obviously one of the most important aspects of your business, especially when you’re a small business, so it stands to reason that you’ll want to do all you can to make the payment process as simple as possible. Luckily, there are a number of tools that can help you with this.
Here are some of the most important payment tools that small businesses need to know about:
Many small businesses start out using Paypal to send bills and process payments. This is not surprising because Paypal is one of the easiest tools to use and it is a name that’s known and trusted around the world. Not only that, but it will convert any currency so that you can accept payments from anywhere on the planet. The only downside of using Paypal is that its fees can be fairly high.
Due is a great company that offers credit card processing both locally and internationally. The company only charges a processing fee of 2.7 percent, which is excellent value, especially when you consider the fact that the company also offers integrated Stripe and Paypal payment options, as well as a digital wallet.
If you run a bricks and mortar business and you’re looking for a way to take non-cash payments that’s simple, accessible and affordable, you really can’t go wrong with Apple Pay, which allows customers to quickly make payments using their iphone. If you aren’t familiar with it, you can learn how to use Apply Pay here, and with just a small investment in the right tech, you can be up and running and taking fast payments in no time at all.
2Checkoput is probably one of the best tools for businesses who plan to take payments globally. The tool offers a secure international gateway online and using mobile devices and your customers will have the option of choosing from a wide range of languages and currencies with which to complete their transactions using a credit or debit card or wire transfer. Transaction fees are charges at a rate of 2.90 percent plus $0.30 of the transaction’s value.
Stripe is one of the best payment platforms for those of you working digitally. Originally designed for developers, it is the perfect tool for running your own online store. With stripe, not only can you take payments, but you can add coupons, accept mobile and Bitcoin payments, and even accept payments from Android Pay and similar digital payment services.
Popmoney makes sending and receiving money from U.S. bank accounts simpler than ever before, which makes it a great option for freelancers looking for an easy way to be paid. You only have to pay a transaction fee of $0.95, which makes it one of the best value payment tools available, too.
Worldpay is a global payment solution system that offers everything from online and mobile payment options to quick processing and even the ability to set recurring payments. If you run a subscription service of any kind, it’s an excellent choice.
Do you run a small business? Which payment tool(s) do you use?
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