Top 14 Online Payment Processing platforms


Online Payment Processing (Checkout) platforms allow to accept different payment options in your online store or cloud service
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Simple, Beautiful, and Flexible End-to-End E-Commerce Solution. Simply choose a stylish ecommerce website design, easily customize your online store, add products, and you're pretty much ready to accept payments. Whether you already have products, are looking to sell digital goods or are interested in drop shipping — Shopify has a complete solution for you.
2
Accept credit cards on your iPhone, Android or iPad. Send invoices free with Square Invoices. Signing up for Square is fast and free, and there are no commitments or long-term contracts like with alternative services.
3
Stripe builds the most powerful and flexible tools for internet commerce. Whether you’re creating a subscription service, an on-demand marketplace, an e-commerce store, or a crowdfunding platform, Stripe’s meticulously designed APIs and unmatched functionality help you create the best possible product for your users.
4
Some of the fastest growing companies in the world rely on us to process mobile and web payments. Elegant code. Drop-in checkout. Secure, client-side integration. Zero-hassle PayPal integration will be available soon. Mobile payment processing designed to keep the checkout flow streamlined.
5
Authorize.Net provides payment solutions that save time and money for small- to medium-sized businesses and organizations. Accept credit cards and electronic checks securely and easily from your website. Solutions range from simple Buy Now buttons to more sophisticated subscription and tokenized payment products.
6
The payments platform built for any business and every customer journey.
7
Accept Credit Cards, PayPal, and Debit Cards. With our international payment processing features, you have the opportunity to sell globally and reach a truly international audience. We give your customers the option to select from any of 15 languages and 26 currencies through the checkout process giving them a familiar and comfortable experience.
8
With Visa CyberSource you can sell online almost anywhere in the world, instantly boosting your customer reach. Accept the payment types preferred in local markets, transact payments in over 190 countries and fund in 21 currencies, all through a single connection.
9
Millions of Amazon customers can login and pay on your website with their stored account information on Amazon.com. Login and Pay with Amazon can help you add new customers, increase sales and turn casual browsers into buyers. It’s fast, easy and trusted — leverage the Amazon brand to grow your business.
10
WePay is an online payment service provider in the United States. WePay's payment API focuses exclusively on platform businesses such as crowdfunding sites, marketplaces and small business software. Powered by JP Morgan Chase
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11
BlueSnap helps online companies maximize customer acquisition and retention. Each day, thousands of merchants realize the power and potential of eCommerce through our smarter global payment gateway and easy to use checkout pages. Together, we'll help your business achieve the success it deserves.
12
Accept more payments. Get access to a global acquiring network, benefit from real-time insights, centralized reconciliation tools and complete feature parity across multiple geographies. All through one unified API.
13
Online payments made easy. Have customers pay directly on your website. Accept payments in 100 currencies. Simple and transparent pricing. Be safe comprehensive risk and anti-fraud measures
14
Collecting payments online just got simpler. Zoho Checkout is designed with you in mind. Build a custom, branded payment page in a matter of minutes and start accepting payments right away.

Latest news about Online Payment Processing platforms


2020. Cashfree raises $35.3 million for its payments platform



Cashfree, an Indian startup that offers a wide-range of payments services to businesses, has raised $35.3M. Cashfree today offers more than a dozen products and services and helps over 55,000 businesses disburse salary to employees, accept payments online, set up recurring payments and settle marketplace commissions. Some of its customers include financial services startup Cred, online grocer BigBasket, food delivery platform Zomato, insurers HDFC Ergo and Acko and travel ticketing service provider Ixigo. The startup works with several banks and also offers integrations with platforms such as Shopify, PayPal and Amazon Pay.


2020. Cloud-native card payments processor Silverflow raises €2.6M



Dutch startup Silverflow has raised €2.6M seed funding. The company is building what it describes as a “cloud-native” online card processor that directly connects to card networks. The aim is to offer a modern replacement for the 20 to 40-year-old payments card processing tech that is mostly in use today. Silverflow includes simple APIs and “streamlined data flows” directly integrated into the card networks. Instead of managing a complex network of acquirers across markets with dozens of bank and card network connections to maintain, Silverflow provides card-acquiring processing as a service that connects to card networks directly through a simple API.




2020. Payment processing startup PayMongo lands $12M



PayMongo, which offers an online payments API for businesses in the Philippines, has raised $12M from Stripe and others. PayMongo partners with financial institutions, and its products include a payments API that can be integrated into websites and apps, allowing them to accept payments from bank cards and digital wallets like GrabPay and GCash. For social commerce sellers and other people who sell mostly through messaging apps, the startup offers PayMongo Links, which buyers can click on to send money. PayMongo’s platform also includes features like a fraud and risk detection system.


2020. WhatsApp finally launches payments



WhatsApp has announced that users in Brazil would be the first to be able to send and receive money by way of its messaging app, using Facebook Pay, the payments service WhatsApp owner Facebook launched last year. The payments service — which currently is free for consumers to use (that is, no commission fee taken) but businesses pay a 3.99% processing fee to receive payments — will work by way of a six-digit PIN or fingerprint to complete transactions. You use it by linking up your WhatsApp account to your Visa or Mastercard credit or debit card, with initial local partners including Banco do Brasil, Nubank and Sicredi. Cielo, a payments processor, is also working with WhatsApp to complete transactions. “We have built an open model to welcome more partners in the future,” it noted.


2018. PayPal Checkout improves personalization



PayPal introduced new checkout technology for e-commerce sites that will dynamically present the most relevant payment method for each customer. That is, instead of retailers having to litter their checkout page with a variety of payment options, PayPal Checkout’s new “smart payment buttons” will update to display the right set of options for each customer in each geography. That means retailers can more easily include alternative payment methods, like local wallets and country-specific options, alongside a PayPal button.


2018. Stripe launched online billing tool



Stripe is launching a billing product for online businesses. That’ll allow them to handle subscription recurring revenue, as well as invoicing, within the Stripe platform and get everything all in the same place. The goal was to replace a previously hand-built setup, whether using analog methods for invoicing or painstakingly putting together a set of subscription tools, and make that experience as seamless as charging for products on Stripe. This launch is, in part, a response to customers demanding a billing product that gets all these invoices and subscription expenses into a single spot. Stripe at its heart is an enterprise company, which means it has to keep close tabs on the needs of its customers while still balancing the needs to continue creating new products that small businesses didn’t realize would actually solve those problems in an elegant way.


2018. Braintree launches Stripe competitor - Extend



Braintree, the division of PayPal that provides payment services to e-commerce and other online businesses, is making its latest move to help raise its game against competitors like Stripe. It is launching a new solution called Extend, a set of tools to integrate Braintree payments more closely and easily with other services that online companies are using alongside basic transactions. Extend includes integrating loyalty and reward schemes, adding fraud prevention and ‘contextual commerce’ — or the ability for a merchant to sell an item and take payment on a platform that is not its own. Some of the services, such as the contextual commerce option, were already being offered — this is what is used to power Pinterest’s buyable pins, for example.


2017. Zoho launched online checkout service for small business



Zoho launched a new service - Zoho Checkout, that provides businesses across all industries the essential functionality they need to help their customers pay online. You can create and customize pages for one-time and recurring payments, add a touch of your company’s brand and style to your page design, and share on social media or email so your clients can pay immediately, even if you don’t have your own website. Zoho Checkout takes care of your key security needs via SSL encryption, and ensure your customers' credit card information is fully protected. Online payments are powered by Srtipe. The pricing starts at $9/month for 3 payment pages.


2016. Braintree launches Auth to bring its payments platform to more merchants



PayPal-owned payments platform Braintree launched of Braintree Auth - the system that lets e-commerce platforms give their merchants easier ways to enable payments on their online storefronts. It also lets service providers access customer and transaction data on merchants’ behalf. The move signals Braintree’s attempt to expand its reach into the SMB market, as competition with startups like Stripe heats up. With Braintree Auth, e-commerce platform owners, as well as shopping cart providers and recurring billing services, can now make it easier for their merchant customers to accept credit cards, debit cards, and PayPal payments on their own storefronts through a single interface for shoppers.


2015. Indian largest shopping site Snapdeal aquired online payment service FreeCharge



Snapdeal, the largest e-commerce site in India, has completed what it called “one of the biggest acquisitions in the history of the internet industry in India” - acquisition of online transaction service FreeCharge. FreeCharge is a service that rewards users with coupons when they top up their phone credit or pay utility bills. FreeCharge is particularly interesting because a high proportion of its business comes from mobile devices (85 percent), while more than half of its customers have payment cards associated with their accounts — making them ripe for conversion into regular Snapdeal customers. Snapdeal said FreeCharge will continue to “function as an independent platform and all aspects of its shopping experience will remain intact,” though it plans to extend the integration between the two services.


2015. Stripe gets Balanced customers



Balanced, a payments platform for peer-to-peer marketplace businesses, is closing its doors after failing to grow fast enough. The company has struck a deal with one of its longtime rivals, Stripe, to act as its transition partner for existing customers. Еhe closure will affect around 320 customers, with the current list including sites like crowdfunding platform Tilt, RedditGifts, Tradesy, Relay Rides and Artsy, processing “hundreds of millions of dollars” annually. As a point of comparison, Stripe’s CEO Patrick Collison says that Stripe processes “billions of dollars a year for thousands of businesses in 18 countries around the world.” Balanced also competed against companies like WePay, Dwolla, Amazon Payments and PayPal.


2015. PayPal acquires Paydiant to add NFC into its Here readers



PayPal acquired Paydiant, a startup that makes mobile wallet technology, to help build out its mobile business targeting physical merchants, and sharpen its focus in competition with other tech payment hopefuls like Apple, Google and Samsung. Paydiant's technology powers payment apps for large business like Subway, Harris Teeter supermarkets, Capital One bank, and — perhaps most notably — MCX, a merchant-owned network that is developing a payment app called CurrentC. If Google is focusing on carriers, and Apple has a beautiful but very device specific experience, PayPal is looking for a role as the leading touchpoint with merchants — arguably an area where the others are making headway, too.


2014. European payments processor Klarna comes to US



The largest payments processor in Europe Klarna is pushing into the U.S., and it said late Wednesday that it intends to spend at least $100 million doing so. Klarna Checkout is a competitor to the likes of PayPal and Stripe, providing another way for online merchants to take payments. The service makes an algorithmic risk assessment of the customer, based on her behavior and credit scores – the less risky the customer, the less information they need to give to make the payment. This low-friction approach to the buy-now-pay-later game is particularly handy in the mobile payments arena, where the less you neeed to type the better.


2014. Stripe - the new king of online payment processing



Stripe, the ultra-hot payments processing service, has raised $70 million in funding at a $3.5 billion valuation. And this valuation has doubled in less than a year. Stripe was founded in 2010 with the goal of making it easier for businesses to process payments online. Now it helps power commerce services from big names in tech like Twitter and Apple. And it Stripe will power Facebook’s Buy button. "The vast majority of online transactions when we started were processed by this legacy infrastructure of banks and merchants," - says Stripe founder, Patrick Collison announced its previous funding round. "We don't really see anybody else approaching the problem the way that we do and thinking about building the platform of internet commerce."


2014. Braintree enables super easy sign-up for merchants (including Europe)



PayPal's payment processing service Braintree is launching a new service that will let merchants sign up to the platform with only an email address, URL and short company description. It’s also extending its offer to Europe of offering the first $50,000 of transactions on the platform (in a local currency equivalent) free of any commission fees. The ability to use so little information is a big change from how merchants have set up payments systems in the past, particularly in Europe, where many banks require paper-based documentation to approve accounts. Here, Ready says that Braintree uses a combination of algorithms and a human smarts to research a company based on those three pieces of information to determine whether a company is a legit merchant to add to its platform.


2014. Global payment processing provider BlueSnap raises $50 million



Global payment services provider BlueSnap has raised $50 million to drive the adoption of new types of processing technologies. BlueSnap started out in Israel as Plimus and allowed merchants the opportunity to sell their digital goods globally online without the normal hassles caused by selling from one international market to another. Then the company was acquired by Boston private equity firm Great Hill Partners in 2011 and rebranded as BlueSnap. The company already operates in 180 countries that speak 29 different languages and process payments across 110 different types of platforms in 60 different currencies. Competitors include payment processing companies like Adyen, Braintree , and the upstart Credorax, which just raised a $40 million round of financing less than a month ago.


2014. First Data takes on Square with its portable payments terminal



Payment processing giant First Data announced a new mobile product Clover Mobile that turns the POS system into a handheld slate. Clover Mobile has a magnetic stripe reader for standard card transactions, but also contains a slot for next-generation credit cards supporting the Chip-and-PIN transactions that are already standard overseas but arriving on U.S. shores this time next year. To support Apple Pay, Google Wallet and Softcard transactions, the tablet has an embedded near-field communications (NFC) radio. The tablet runs the regular Clover Station software on an Android-based operating system, and it has access to the Clover app store, where retailers can download POS, inventory and marketing software. While the portable payments terminal definitely takes aim at Square’s core small business customer base, Clover Mobile is probably more a means for First Data to protect its existing turf than expand into new markets. As Square and other new payment processors expand into bigger brick-and-mortar retail locations and restaurants, the traditional banks and payments processors trying to innovate with software and design.


2014. WePay launches payment processing API to compete with Stripe


WePay the service providing payment processing marketplaces, crowdfunding platforms and other sites that enable online transactions between third-party buyers and sellers — is taking on another payments juggernaut, Stripe, with the launch of a new product. WePay Clear is a white-label, API-based service that works similar to Stripe that also offers a no-fraud guarantee. WePay Clear works both on desktop web and mobile apps and is already live in the U.S. with launch partner for WePay Clear is Freshbooks.  WePay Clear is charged at a flat rate that mirrors Stripe’s — 2.9% + $0.30 per transaction, although the company will modify those rates on a case-by-case basis depending on the partner.


2014. Stripe will power Facebook’s Buy button



Stripe, the e-payments provider, will power the “Buy” button for Facebook users using the social network to shop online. The new button will allow users to buy goods featured in ads or posts. A Facebook spokesperson confirmed that Stripe is the sole Facebook payments partner behind ongoing tests of the new button.  Stripe already has payments partnerships with Apple, Twitter and Chinese digital payments service Alipay. The company is partnering Apple for its new Apple Pay mobile payments service.  Facebook has partnered other payments companies on different features, including PayPal's mobile payments unit Braintree.


2014. Amazon launches mobile card reader to compete with PayPal and Square



Amazon entries into the mobile payments market with Local Register - a card reader and mobile app for small businesses. The new product competes directly with companies like Square and PayPal in the fast-growing market for payment transactions. Local Register requires users to register, purchase a $10 card reader and download the free app, which is available through Amazon, Apple or Google. Once signed up, users receive the first $10 in transaction fees back, canceling out the initial cost of the reader. Amazon is launching the product with a limited time offer aimed at enticing businesses to sign up. Any company that signs up before October 31 will be charged 1.75% per swipe until January 1, 2016, below the 2.75% charged by Square and 2.7% charged by PayPal 's card reader program Here. Amazon's standard rate will be 2.5%.