If you're looking foward the lowest fees it's Adyen or crypto via Binance Pay.
In addition, I'm working on solution (https://rainex.io/) which can combine differen payment providers to recieve and collect peyments in one solution.
There are many payment options you can use, which are convenient for your customers to use, so I think it's appropriate for this post.
I warmly recommend Payoneer.com, this is how we've been doing it for the last few months and its working great. There are a few fees but they are minor in comparison to PayPal and banks...
It seems that all alternatives require minimum volumes (ppro, ebanx, etc). Does anyone recommend a partner that requires no minimums and offers decent rates in order to get started?
Latin America has country specific payment methods that stripe, paypal and other providers don't handle at the moment. (E.g offline payments, bank transfers and local credit cards).
Best is too difficult to quantify without parameters that matter. Stripe is almost certainly the easiest to integrate quickly, but is definitely not the cheapest. Paypal has perhaps the broadest reach to potential customers, but doesn't work for certain payment types. Braintree is perhaps the cheapest at scale, but is more complicated to set up and has monthly minimums, making it ill-suited for bursty vendors.
They're all good, and they're all likely to meet a given need, but it would be easier to give a better answer if you list your criteria. Otherwise, you might have better luck on Quora (or here, maybe?)
What is the best online US based payment platform for small value transactions?Edit
(our platform allows each end user to buy/sell the product for $1 & take 20% in the fee (20cents) for the platform.)
Partially off topic but what would you recommend for transactions in the 1 to 10 Euros range in Europe?
PayPal and Stripe have fixed costs per transactions that are quite substantials on the amounts at lower bound of that range. Thanks.
I'm working for a client based in the netherlands, and we've been using a mish-mash of different payment processors. We're going to be selling all kinds of giftcards, and accepting a slew of different payment methods
The brunt of it is going through providers such as stripe:
PAYNL
Adyen
Mollie
Buckaroo
Xfers
NeoSurf
Aircash
If you need a recommendation for what to use, Hyperswitch has piqued my interest as you can connect it to stripe, it's open source and it's possible to host it on-prem
Payoneer, Revolut, and Airwallex are probably the closest in feature set. Using Payoneer at the moment.
There are also currency exchange platforms like OFX and Currencies Direct and contractor management platforms like Remote.com and Lano.io, but it's hard to find something that does all-in-one (incoming payments, outgoing payments, virtual cards, batch payments).
I have used WePay (https://www.wepay.com/) in the past and really liked it. They charge less than Mint is planning on charging. For credit cards its 3.5% with a 50 cent min. The fee is less if you use your bank account.
Hi.
There are so many options out there like paypal recurring billing (using the API or just simple checkout).
And here is one good payment gateway very simple to integrate but it's quite expensive if you ask me. http://chargify.com/
Say you expect lots of $1 to $5 transactions. Who offers the best easy-to-integrate service with low enough fees to make it worthwhile?
If I remember correctly Amazon Payments had reduced fees for <$10 transactions. That seems to be gone.
Not sure what PayPal offers but they can be a bit scary due to their history of freezing accounts, etc. High sales velocity could trigger these actions and it would be catastrophic.
I am after a platform with favorable terms for micro-payments and decent rates above that range.
I'd appreciate if somebody lists some alternatives (better or otherwise). I've plans to launch a paid online service and would like to study all payment options.
You probably might want to start with the 0.5% Pay as You Go plan and as you go bigger, you can switch to a fixed-fee model. Once you switch to the other plans, you will be paying a flat ~$1 per transfer (both sending and receiving).
Handling fraud and chargebacks for ACH is more complicated compared to processing payments via cards. You probably should look into this before going live.
Source - Have built payment flows with ACH and cards for multiple marketplaces. Not associated with Dwolla at all. Just a happy customer.
In addition, I'm working on solution (https://rainex.io/) which can combine differen payment providers to recieve and collect peyments in one solution. There are many payment options you can use, which are convenient for your customers to use, so I think it's appropriate for this post.
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