All e-commerce managers know it: the payment tool that you choose for your online business is a determining element for the commercial activity of your company. For customers, first of all, because they appreciate being able to pay for their purchases as simply as possible and using a variety of payment methods. And then also for the seller, who must opt for the solution most suited to his type of e-commerce while keeping an eye on the prices, which, as we shall see, vary greatly depending on the solution chosen.
But before we take a close look at the best deals on the market, let’s take a look at the three major online payment categories available today:
Bank Payment Solutions with A Distance Selling Contract (VAD)
To implement this type of solution on your website, you must take out a payment solution provider (PSP) contract with the bank of your choice. This allows you to obtain a payment module that you just need to integrate into your Finland Email List e-commerce site. Then all you have to do is sign a distance selling contract with your banking institution so that you can use its payment terminal.
Full-service online payment solutions with VAD
This solution called “full-service” involves the integration of an intermediary service that will take care of payments for your e-commerce through its server. This system is interesting in that it greatly reduces the risk of non-payment. Because your service provider is responsible for requesting payment authorizations from your bank, and if the answer is yes, the payment is validated, which constitutes a real guarantee for you. On the other hand, this sort of “full-service” solution at an additional cost, of course.
Full-Service Online Payment Solutions Without VAD
The last way is to use an online payment solution without a distance sales contract. This means that you are not tied to a subscription, and that you only pay fees based on the transactions made. It is an interesting method to start in e-commerce, especially if your sales volumes are modest and irregular. The downside is less protection in the event of default or fraud.
Our Top 07 Online Payment Solutions:
We start with PayPal , because the American company remains the leader in payment solutions in the world, with almost 200 million accounts. The big advantage is that PayPal processes a huge number of currencies in over 200 markets.
One of the main reasons for the success of STRIPE is its API (application programming interface) which will allow you to easily use other applications and customize your platform according to your wishes. Thus, with STRIPE, you have access to hundreds of integrated applications that will simplify your payment management.
Prices: 4% commission, to which is added € 0.25 for European Cards. The commission is lower for cards outside of Europe.
Adyen is an online payment solution that allows you to receive and make payments from any location, as a smartphone app is available. It is a good tool for e-commerce which has all the capabilities of use in the field of usual online transactions.
Pricing: Processing fees are minimal, but additional fees are based on credit card type and geographic area.
HiPay is a beautiful, technologically advanced product with many customizable elements, especially in the area of security. It is a solution which will allow you to manage all types of online payments and which also offers analyzes and data relating to your banking activity.
Tariffs: Below 2,500 € of transactions per month, 2.5% of the amount of the transaction; from € 2,500 to € 20,000 per month: 1.60% per transaction
5. Amazon Pay
Amazon Pay can be a good option to reach online shoppers who have their own Amazon account and customers who already have their Amazon card. In addition, this world famous brand inspires confidence and users will appreciate to find an interface with which they are familiar in your e-commerce.
Tariffs: Commission of 2.9% + 0.30 € for payments made in the same country; for payments abroad, it is a little more expensive: 3.9% + 0.30 €
Payline is an e-payment application that also has the ability to optimize your financial performance and boost your sales. This intelligent software has the ability to adapt to the characteristics of your online business and you can configure the payment methods offered by Payline according to your customers’ preferences.
Prices: Pack at 15 € per month (unlimited transactions) or Pack at 35 € / 95 € offering many options
This payment solution, a PayPal subsidiary, is ultra-comprehensive and offers you many tools, particularly in terms of security and analysis reports, in addition to managing transactions relating to your e-commerce. In addition, it integrates perfectly with other services like WooCommerce or BigCommerce.