Picking a Payment Solution for your Online Store

Payment Gateway

2019-08-12

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If you are on the way for building an online store like Shopify, eCommerce. You are probably laser-focused on the look, feel and messaging of your website, as well as how does display your products.

Here’s one more important consideration as you move forward: How will you set up your eCommerce website so you can accept payments online?

There is such an abundance of options that your decision about online payment systems can feel a bit daunting. You may be asking yourself what a merchant account is, which eCommerce payment gateway is best, or whether you should consider providing your customers alternative checkout options like PayPal, Stripe. In this post, I will address which Popular eCommerce is suitable for you.

PayPal

PayPal is one of the most widely used payment gateways out there. PayPal Payments Pro is a fully customizable payments system that lets you accept all major credit and debit cards.

With PayPal Payments Standard, you can start accepting payments in as little as 15 minutes by simply adding some code to your existing e-commerce website. The system-optimized for both smartphones and tablets-can serve customers with or without a PayPal account, giving you the ability to sell to almost anyone who wants to buy from you. You can add shipping fees and taxes to payments with PayPal Payments Standard-and you can also track inventory and access profit and loss information by product or service.

Epay Payment Gateway

Epay is a secure, fast and low-cost payment provider. It has a varied payment method to help you collecting money and has over 500,000 active users. The main difference with other payment gateway is:

1)Multiple payment methods:

2)More convenience, Epay is a one-site payment gateway and also integrate other e-wallets such as Perfect Money, Advchash. The more optimal things is that you can pay directly without Epay account.

3)With low-fees. In Shopify. The fee to the merchant is less than 1%. Yes, It’s right only 1%. 

Epay has cooperated with over 6,000 remittance company and commercial bank to offer the best rates for merchant and user. Epay seems like “a super local bank” and has many branched local banks all over the world. That's why Epay could able to offer a low rate.

Stripe

 Stripe has generated a lot of popularity due to the fact that if offers on- site checkout without any monthly fees like PayPal. Stripe also handles recurring payments and accepts all major debit and credit card. However, Stripe is known to be more difficult to set up if you have no experience with code. Like PayPal, Stripe provides customers with a merchant account.

Whether you’re handling your Shopify build on your own or teaming with an agency, hopefully you now have a better understanding of the online payment processing landscape, some of the most important things to consider and some of the key players offering solutions to help your business thrive!

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