Best online payment methods for small business

If you are an owner or manager of an e-commerce platform, then you should introduce your customers to the easy, simple, accurate, and reliable online payment system. You need to offer them an online payment method through which both the Customers and Merchants can easily, safely, and securely transact without any hassles it has to be protected from fraud, support a variety of payment methods, and be convenient to use, and be compatible for Customers and Merchants.

According to many reports, over 20 percent of customers abandon their shopping carts because of a complex checkout system or too much information required to complete it. These statistics confirm that choosing the right payment gateway providers is very important for an eCommerce website or platform. To choose a payment solution, first, we need to understand what is a payment gateway and how it works.

Best online payment methods for small business 

What is a payment gateway?

A payment gateway is a service used by merchants to accept debit or credit card purchases from customers.

 online payment platforms for small businesses| payment gateway providers 

Nowadays,  online technology is improving day by day, and the trend of doing business online is increasing a huge number for this reason. Considering the trend of doing business online, many companies have already taken initiatives. Nowadays many companies effortlessly provide payment gateways way, without any hassle to them. So Let's find out some best online payment systems for small business 

best online payment methods for small business 

There are many online gateway providers, so we have selected some famous, significant, and reliable options for your online business.
  1. Paypal
  2. Stripe
  4. Square
  5. Veem 
We have selected these payment methods for some good features that customers can acc very easily. Some features are :
  • PCI compliance
  • Fewer transactions Fees
  • very secure 
  • customer support 
  • very fast transactions
  • believable

online payment methods for small business

In addition to the above online payment methods, there are many more reliable payment systems available today. But the above methods are the most popular and reliable. so let's discuss these methods. 


Paypal is one of the biggest online payment gateways. it also provides an international payment gateway system. Not only small business online payment solutions. there are many Giant companies that are using Paypal as their payment solution.

PayPal is also well known for its P2P money transfer. PayPal in over 26 currencies. Additional features include recurring billing, a customer information manager, automatic account updaters, reporting tools, data encryption, and fraud prevention tools.


  1. $30 per month
  2. 2.9% + $0.30 per transaction
  3. Accept credit and debit cards, including multicurrency payment processing in six currencies
  4. Accept PayPal payments in 26 currencies from over 200+ markets
  5. Accept PayPal Credit payments (U.S. only)
  6. E-commerce payment gateway
  7. Options to simplify PCI compliance
  8. Virtual Terminal to accept phone payments


Stripe is a credit card processing company that uses a flat-rate pricing structure, charging 2.9% plus 5¢ for online payments and 2.5% plus 30¢ for in-person transactions.


  • 2.9% + $0.30 per transaction
  • ACH direct debit 0.8% ($5 cap)
  • Embeddable checkout
  • Recurring subscriptions and invoicing
  • Local payment methods
  • Real-time reporting
  • QuickBooks and NetSuite support
  • iOS and Android apps
  • 450+ platforms and extensions
  • Payments for platforms and marketplaces
  • Machine learning fraud prevention in a new window), a Visa solution, is a payment gateway provider. This means it focuses on allowing merchants and businesses to accept credit card and electronic check payments securely through e-commerce websites. While it's not a household name, has been a back-end payments processor for a long time and has the customer list to prove it. 


  • $25 per month
  • $0.10 per transaction
  • $0.10 Daily Batch Fee
  • Fraud prevention
  • Customer Information Manager
  • Invoicing
  • Recurring Payments
  • Simple checkout


Square is a leader in mobile payment solutions for small businesses with a user-friendly system that makes it easy for companies and customers. Square offers an app, physical card scanners, and a Point of Sale system for small businesses.


  • Free Pos App
  • Free Magistrip Reader
  • 2.6% + $0.10 on in-person or e-commerce transactions
  • 2.9% + $0.30 on invoice transactions
  • 3.5% + $0.15 Manual or Card-O-File entry


As an online payment solution for small businesses, Veem is a great option because of its reasonable fees. Veem features 1099 forms, easy sync with Quickbooks, scheduled payments, payment tracking, and live support.


  • No monthly plans
  • but with a 2.9% fee per credit card transaction
  • 1% fee for instant deposit to card
  • low payment processing costs

We have ranked these payment methods  for the advantages mentioned above and given you some ideas about these methods. So you can choose any one of the above methods for your business without any doubt. 

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