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What is the best payment processor in 2020?

Discussion in 'Payment Processing' started by awesome1, May 5, 2020.

  1. QiSoftware

    QiSoftware Well-Known Member

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    #21
    I like PayPal too. Everyday finding new ways to use my PayPal service. Examples include:
    • Accept online payment for business directory listings
    • Set up sales links for social media and virtual yard sale
    • PayPal Here - POS payment acceptance w/ EMV Card Reader
    • Invoicing
    I have a low volume small business and find the PayPal fee structures best for my situation.

    Q...
     
    QiSoftware, Oct 24, 2020 IP
  2. kmpfi

    kmpfi Peon

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    #22
    Lots of good replies so far. When it comes to selecting the right payment processor for anything in the ecommerce space, the first thing I would consider is integrations. If you're using a platform like Woocommerce or Shopify, then either use their included processing option or one that easily integrates with them (such as Auth.net, Paypal, etc).

    However if you are on a custom build and have the option of connecting to any gateway you want, then a new trend in 2020 is called Zero Fee payment processing, or 0% payment processing. It basically allows you to seamlessly pass on the fee to your customer at checkout in a fully compliant way. Given the notoriously slim margins in ecommerce, this small change can often double your net margin. I specialize in this area of payment processing and wrote an FAQ about it here: https://www.kmpfinancial.com/the-0-percent-program

    Best of luck
     
    kmpfi, Oct 28, 2020 IP
  3. Yundc

    Yundc Greenhorn

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    #23
    On my last research years back, Stripe was one of the cheapest and most user-friendly payment processor.
     
    Yundc, Oct 30, 2020 IP
  4. Andrej salka

    Andrej salka Peon

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    #24
    Definitely paypal
     
    Andrej salka, Dec 5, 2020 IP
  5. shakiba.proba

    shakiba.proba Active Member

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    #25
    Paypal is best one but in 2020 most of customers already move to Payoneer, Crypto and Perfect money
     
    shakiba.proba, Dec 7, 2020 IP
  6. mrdo

    mrdo Well-Known Member

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    #26
    US Tether, almost no fee
     
    mrdo, Dec 8, 2020 IP
  7. shakiba.proba

    shakiba.proba Active Member

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    #27
    But tether verification need huge fee
     
    shakiba.proba, Dec 8, 2020 IP
  8. fionix

    fionix Well-Known Member

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    #28
    that's a crypto gateway!

    what is the fee?
     
    fionix, Dec 15, 2020 IP
  9. mrdo

    mrdo Well-Known Member

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    #29
    Wrong. You could buy USDT from crytocurrency exchanges with no fee (It depends on your location)
     
    mrdo, Dec 16, 2020 IP
  10. shakiba.proba

    shakiba.proba Active Member

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    #30
    Verification Fee: 150 USD in Tethers
     
    shakiba.proba, Dec 16, 2020 IP
  11. Cookiemodels.com

    Cookiemodels.com Greenhorn

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    #31
    With the new bitcoin aquisition, Paypal is your best bet for processing payments. #paypal #bitcoin
     
    Cookiemodels.com, Jan 31, 2021 IP
  12. superrichguy

    superrichguy Well-Known Member

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    #32
    Paypal unfortunately is still king
     
    superrichguy, Jan 31, 2021 IP
  13. etc

    etc Well-Known Member

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    #33
    ERC20 Tether has a high fee, try the TRC20 Tether.
     
    etc, Feb 7, 2021 IP
  14. usaukclassifieds

    usaukclassifieds Well-Known Member

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    #34
    I know that Paypal is great, I'm using Paypal but still if your looking alternative then Stripe is also one of the good payment gateway
     
    usaukclassifieds, Feb 8, 2021 IP
  15. etc

    etc Well-Known Member

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    #35
    Paypal is about to create a Paypal coin lol This is because cryptocurrency is winning the competition.
    The best way today is just cryptocurrency either XRP or DOGE which is a lot cheaper when it comes to transaction fees.
     
    etc, Jan 10, 2022 IP