Online Payment Systems

we could make any kind of financial transaction using the awesome world of internet. Well, the good news is that actually you can take advantage of electronic payments. If you have not been using this kind of kind of payment procedure, then you should definitely start now considering its ease.

Here are a few things you should definitely know before we get started with the list of 6 Awesome Online Payment Systems.

PayPal

PayPal needs no introduction as it is the world’s most widely used payment acquirer. Paypal payment process involves utilizing a user’s existing account or a credit card. You have the ability of sending money to any email address. PayPal takes 2.9% + $0.30 per transaction but the great thing is that it has no setup or monthly fees.

Amazon Payments

This one allows receiving money utilizing its API and sending money out through ACH. Crowdfunding site Kickstarter utilizes Amazon Payments. It takes 2.9% + $0.30 per transaction for payments over $10 (percentage decreased for larger transactions). The fee is 5.0% + $0.05 per transaction for payments below $10.

Google Checkout

Google Checkout is the rival of PayPal from Google. Users can pay via an account connected to their Google profile. The amazing thing is that almost all the people are using one or more of Google’s services already making the Checkout an easier process. It takes 2.9% + $0.30 per transaction for 

sales less than $3,000.

2Checkout

This one is yet another great payment processor that merges a merchant account and payment gateway, thus letting you receive credit card payments and PayPal payments both. It costs 3.99% (if you apply by May 1, 2012). They charge $0.45 transaction fee and $10.99 monthly service fee.

Authorize.Net

This one is the most popular and widely used payment gateway. More than 300,000 merchants use it. E-commerce platforms likes Magento, Volusion and X-Cart accept it. Setting up Authorize.Net costs $99, while the per month charges are $10 and they takes a $0.25 per-transaction fee.

WePay

WePay lets merchants accept credit cards and bank account payments online. They focus  more onindividual user, and thus they have added e-store pages to their website allowing their customers to easily take in payments (such as event tickets, products, donations and etc) through their service. They take a 3.5% transaction fee ( $0.50 minimum) for credit card transactions and $0.50 for bank payments. They do not have any changes for setting up an account or any monthly costs.