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8 Payment Processors That Deliver What They Promise

ByScott Gerber,
business.com writer
|
Jun 13, 2016
Home
> Finance
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There are hundreds of payment processors that boast fast and reliable transactions.

Options are nice, but getting bombarded by extra features that aren't helpful to your business can weigh you and your customers down.

Eight entrepreneurs from YEC with unique business needs share their preferred third-party payment processor.

The options below feature low rates, the latest technology and multi-service integration and come with great customer service. See which option works for you.

Related Article: Ways to Pay: Credit Card Processing Tools All Small Businesses Should Use

1. PayPal

For the past several years, my company AquaMobile has been using PayPal. Because we have operations in Canada and the U.S., it was important for us to find a payment processor that wouldn't charge exorbitant fees for accepting more than one currency. Also, PayPal has some of the lowest fees out there, which wasn't always the case, but for at least the last few years, they have been more competitive. – Diana Goodwin, AquaMobile Swim School

2. Braintree Payments

We've used Braintree Payments since starting our company, and they have been great with us. Customer service is fast and able to answer our questions in a timely fashion. As we've grown, they've re-evaluated our rates and have been very fair with what we pay them. – Janis Krums, Opportunity

3. Square

I've been a big proponent of Square because its technology is second to none, and the rates are great. Onboarding team members to the platform is also easy, and the point-of-sale gadget is great for in-person events where I can close deals on the spot with a quick tap. – Charles Moscoe, SkinCare.net

4. Authorize.net

Your payment processor could really be anybody you want, even your bank. We like Authorize.net as the gateway since it's compatible with 98 percent of systems out there. Authorize.net hasn't let us down. – Duran Inci, Optimum7

Related Article:Pocket Payments: How To Find The Right Mobile Payment System For Your Business

5. Beanstream

While not one of the big players, Beanstream is the partner of choice for business clients of TD Bank. They have a solid technology platform that, for the last three years, has never let us down. A full testing suite is available, which helps in the set-up phase, and there are a number of fraud protection mechanisms that help for "card not present" online transactions. Plus, its rates are competitive. – David Ciccarelli, Voices.com

6. ClickBank.com

For entrepreneurs and businesses, getting set up with an easy-to-use online ordering and payment processing system is key. ClickBank.com is an online marketplace and payment processing system for digital products. With more than $2 billion in transactions, the service is used by some of the top digital product-based businesses today. Easy setup, orders, refunds and payments are why it's a winner. – Zac Johnson, How to Start a Blog

7. Stripe

With Stripe, setting up a payment processing platform is simple and flexible. We've integrated Stripe into a variety of commercial sites from nonprofits to WordPress shopping carts. It's a straightforward solution that's easy for most companies to use. – Marcela De Vivo, Brilliance

Related Article:Seeing Green: 7 Payment Processing Solutions for Small Businesses

8. Intuit Payment Solutions

We use Intuit Payment Solutions, and its honest approach to fees, sign-up bonuses and no-contract-required makes this a winning choice. In addition, its technology integrates with your accounting software to save you hours of administration time. – Marjorie Adams, Fourlane

Scott Gerber
Scott Gerber
See Scott Gerber's Profile
Scott Gerber is the founder of Young Entrepreneur Council (YEC), an invite-only organization comprised of the world’s most promising young entrepreneurs. In partnership with Citi, YEC recently launched BusinessCollective, a free virtual mentorship program that helps millions of entrepreneurs start and grow businesses. Gerber is also a serial entrepreneur, regular TV commentator and author of the book Never Get a “Real” Job.
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