In the modern scenario, online payments have become immensely popular and are one of the most preferred modes of payments for business owners, freelancers, and online users. Reasons are many, varying from fast speed to robust security.

Ranging from the de facto of online payments PayPal to the recent newcomer hitting headlines, Stripe, there are a number of online payment options to choose from.

15 best online payment services available

PayPal

Undoubtedly, PayPal is the de facto of online payments, both local and global. Unlike other online payment services, it allows you to send and receive money using just an email ID.

Payoneer

Available in more than 200 countries, Payoneer accepts over 150 different currencies. It offers a flexible API with a potential to grow with businesses. There are minimal fees for sending money while receiving payments is completely free using Payoneer.

Amazon Payments

The immensely popular crowdfunding website Kickstarter is one of the early adopters of Amazon Payments. The service allows its clients to receive money using the robust API. Fees charged for payments less than $10 is 5% plus $0.05, and for payments greater than $10, the fees start from 2.9% plus $0.3.

Authorize.Net

With a sprawling user base of more than 300,000 merchants, Authorize.Net is one of the leading online payment services used all around the world. It is specifically used by eCommerce businesses. Magento, X-Cart, and Volusion e-commerce platforms are specifically designed to accept payments with Authorize.Net. Authorize.Net charges a $99 setup fee, in addition to charging $20 for monthly service. It deducts a mere $0.1 per transaction afterward.

Braintree

Popular services like Airbnb and LivingSocial make use of Braintree online payment gateway and merchant account solution. There are neither monthly nor setup fees for using the service. Braintree charges 2.9% plus $0.3 on each transaction made through its payment gateway.

Skrill

Supporting over 40 currencies, Skrill has become one of the leading online payment services. It offers low transaction fees and exclusive offers, in addition to allowing for instant deposits and withdrawals. Moreover, Skrill offers referral benefits.

Apple Pay

Apple Pay makes use of touch ID confirmation for online payments and receiving money. It is an opportune option for merchants using Apple gadgets. Charges imposed by Apple Pay on transactions vary greatly with location and amount of transaction.

Due

In addition to offering most features provided by online payments services, Due specifically targets small businesses and freelancers. As such, it offers intuitive time-tracking and invoicing tools. Due has no sign-up and monthly fee. It charges 2.7% per transaction and also offers an eBank service to store your cash online productively.

Dwolla

It’s only been a short time when Dwolla entered the third-party payments niche, but it is already processing transactions worth over $1 million a day. It is quite similar to PayPal. Amazingly, there is no deduction for transactions less than $10, and for transactions over $10, Dwolla charges a mere $0.25 per transaction.

Google Checkout

As millions of people around the globe make use of Google account to access a lot of services, Google Checkout allows easy online transactions. It takes at least 2.9% and an additional $0.3 per transaction for sales less than $3,000. Monthly sales volumes crossing the $3,000 mark are charged lesser with the increasing amount.

Payza

Payza is one of the few online payment services that accept bitcoins. The service allows clients to send and receive money in a matter of minutes. There is no sign-up fee for using Payza and its charges vary with the amount of transaction.

Stripe

Designed specifically for web developers, Stripe allows them to integrate Stripe into projects using its simple and powerful API. As such, there is no traditional signing up process and fees. Stripe charges 2.9% and $0.3 for each transaction.

Square

Square Cash App allows sending e-invoices for receiving payments. It has introduced the unique magstripe reader that allows business owners to swipe credit cards to make payments for a mere 2.75% fee deduction for each transaction. There are no monthly and setup fees for using Square online payment service.

WePay

WePay allows online merchants to accept payments made using credit cards and directly from bank accounts. The online payment service focuses on individual users and has added an e-store to their service pages for assisting clients. It charges 3.5% on credit card transactions and $0.5 for bank payments. In addition, WePay has no setup and monthly fees.

2Checkout

2Checkout combines a robust payment gateway and a powerful merchant account into one. The online payment service allows clients to receive credit card and PayPal payments. In addition to offering international payments, 2Checkout caters to clients with recurring billing and shopping cart stores features. 2Checkout charges a monthly fee of $10.99 and 3.99% plus $0.45 for each transaction.