Payment solutions for online businesses
Everyone’s heard of PayPal and for good reason too. This payment solution for online businesses is speedy, reliable and easy to use.
PayPal is perfect for businesses that make a lot of sales per month however, not so great for online businesses with lower sales quantities this is because of the fees you will incur per transaction. Take a look at their merchant fees here.
Amazon offers one-click payment options which make your customer’s transactional experiences totally frictionless. This payment solution is not only fast and efficient, but it’s also safe and secure as it’s backed by Amazon’s technology and robust risk management services.
Amazon Pay is amazing for online retailers with a high monthly sales volume but again not so great for those who sell smaller amounts per month. This is down to their transaction fees which you can see here.
Braintree is a service provided by the global giant, PayPal. So what’s the difference you may be thinking? Well, Braintree’s pricing is a lot simpler to understand and get your head around, they charge a flat-rate fee of 1.9% + £0.20 per transaction (Amex: 2.4% + £0.20).
Braintree is much more suitable for small businesses with lower sales quantities because the fees aren’t based on a percentage of sales like many other payment solutions for online businesses. Find out more about them here.
Worldpay is one of the most popular online payment processing companies in the UK and business owners love them for a whole host of reasons; their flexible pricing plans, super-secure security and acceptance of all credit and debit cards.
WorldPay allows you to select a ‘pay as you go’ option where you’ll have an initial set up fee of £25 followed by a 10p per transaction gateway fee. Alternatively, you can select their monthly fee which is £19.95 plus 2.75% for credit card payments and 0.75% for debit card payments.
There is a lot to think about when it comes to finding the best payment solution for your online business.
If you’re still unsure of the most suitable one for you, get in touch with the team at Novus Pay. Our dedicated experts look at more payment providers and solutions than anyone else and provide all the information you need to choose the right solution for your e-commerce business.