In 2024, if you’re running a small business or an online store, a payment gateway is essential for facilitating online transactions. This payment solution allows you to accept payments securely through various payment methods, including credit cards and digital wallets. A reliable payment processor will help streamline the payment process, ensuring that your customers have a seamless experience when making recurring payments or subscription sign-ups.
The choice of a payment gateway provider can greatly impact your business’s ability to handle multiple payment options. Whether you operate an online business or conduct in-person sales, having access to the 10 best payment gateways of 2024 can enhance your payment processing services. Consider factors like payment processing fees, security, and the capability to process transactions globally. Ultimately, the right payment platform will help you navigate the payment card industry data security requirements while providing a flexible payment experience for your customers.
How To Choose the Best Payment Gateway
Choosing the best payment gateway for your business is crucial, especially if you operate both online and in-person. Start by evaluating the payment processing companies that offer a variety of payment types, including subscription-based business models. Look for a payment service provider that allows you to process payments securely, ensuring that payment information is transmitted directly to the payment processor without compromising security. Popular options like Shopify Payments and other popular payment gateways are worth considering for their ease of use and integration capabilities.
When you choose a payment gateway, consider factors such as global payment capabilities, support for various currencies and payment methods, and whether the payment gateway depends on a third-party payment provider. Assess whether you need a payment link for easy transactions or a more sophisticated payment page design for your customers. Ultimately, the best online payment solution should seamlessly integrate with your overall payment system and enhance the customer experience by offering secure, efficient online payment processing.
NOWPayments
When it comes to subscription payment processing in cryptocurrency, NOWPayments stands out as a top choice compared to competitors. Unlike many traditional gateways, NOWPayments offers robust support for over 300 cryptocurrencies, making it exceptionally flexible for businesses with global reach. Its subscription feature allows businesses to set up recurring crypto payments, which is ideal for subscription-based models like SaaS, digital content, or membership services. With lower fees, instant transactions, and a non-custodial model that enhances security, NOWPayments provides an efficient and secure solution for managing recurring payments.
NOWPayments also offers seamless integration through APIs and plugins, making it easy to embed into existing platforms. In contrast to competitors like Stripe and PayPal, which may have higher fees and limited crypto support, NOWPayments delivers a more comprehensive and cost-effective solution. Additionally, NOWPayments enables merchants to cater to a crypto-savvy audience, facilitating both crypto-to-crypto and fiat conversions, which adds to its versatility. With 24/7 support and real-time tracking, NOWPayments is a reliable partner for businesses looking to streamline their subscription payment processes while tapping into the growing crypto market.
Square
Square is primarily recognized for its point-of-sale (POS) system, enabling retailers to process payments in person. Additionally, Square provides a robust payment gateway that facilitates invoice creation, subscription management, and international payment processing. It also boasts an extensive array of APIs, allowing for customization of the payment gateway to meet specific requirements.
What distinguishes Square from many of its rivals are its added features. Users can utilize customer relationship management tools to enhance customer loyalty, along with employee management resources to monitor hours worked. Furthermore, it offers inventory management capabilities and advanced reporting tools to optimize business operations.
Helcim
Helcim is best known for its low-cost payment gateway. It offers a wide variety of features, including the ability to create invoices, set up subscriptions and process international payments. It also offers a wide variety of APIs that allow you to customize your payment gateway to best suit your needs.
If you process a large volume of transactions, Helcim offers volume discounts. You don’t even have to call their sales team, either—this discount happens automatically the more you process.Square is primarily recognized for its point-of-sale (POS) system, which enables retailers to accept payments face-to-face. Additionally, Square provides a robust payment gateway that includes features for generating invoices, establishing subscriptions, and handling international transactions. It also boasts an extensive array of APIs that enable you to tailor your payment gateway to fit your specific requirements.
What distinguishes Square from many of its rivals are its additional features. Users can utilize customer relationship management tools to foster customer loyalty, as well as employee management tools to monitor work hours. Furthermore, it offers inventory management solutions and sophisticated reporting capabilities to effectively oversee your business operations.
Stripe
Stripe is primarily recognized for its payment processing services, but it also provides a robust payment gateway. The Stripe Terminal seamlessly connects with your in-person payment system, enabling you to receive payments from multiple channels. It’s perfect for businesses looking to develop a tailored payment solution or those that require in-person payment capabilities.
Additionally, Stripe offers an extensive array of features, such as the ability to generate invoices, establish subscriptions, and handle international transactions. It also provides a vast range of APIs that enable you to personalize your payment gateway to meet your specific requirements.
BrainTree
For companies that have surpassed the capabilities of PayPal, Braintree is the most seamless advancement. Braintree, a subsidiary of PayPal, offers a specific merchant account instead of PayPal’s collective option. Its subscription payment processing service is especially favored by nonprofit organizations, providing highly flexible recurring payment options that enable users to connect with any tailored billing system. Additionally, Braintree offers its own subscription management service for those seeking a more straightforward solution.
Conslusion
In conclusion, NOWPayments is the top choice for subscription-based crypto payment processing, offering extensive cryptocurrency support, low fees, and secure, non-custodial transactions. Compared to competitors, NOWPayments provides a more flexible and cost-effective solution tailored for businesses needing recurring payments in crypto. With seamless integration, real-time tracking, and 24/7 support, it stands out as the ideal gateway for companies looking to tap into the growing demand for crypto subscriptions while maintaining efficiency and security.