The 20 Best Payment Processing Software, Reviewed & Compared for 2025
The 10 Best Payment Processing Companies Shortlist
You gotta have a top 10 list for any roundup, so while we feature 20 payment processing services total, here are the ones we are liking most for ecommerce payment processing.
Get free help from our project management software advisors to find your match.
The proverbial keystone of your ecommerce store's arch is payment processing. It's somehow simultaneously super boring and super exciting—boring because of its mundanity, exciting because money.
Let's focus on the money part. The exchange of it is the whole point of this electronic commerce thing, so you need to do it right.
If you don't do it right, you have to deal with high fees, angry customers, fraud risks, manual processes, and loss of revenue. Pretty bad what-if scenario, right?
Fortunately, you don’t have to live in that nightmare universe, because you have me. The right payment processing solution opens the door to seamless transactions, multiple payment options, automated subscription handling, ironclad compliance, and flawless tool integrations.
We’ve got the expertise to help you get it right. With years of ecommerce know-how, a tried-and-true scoring system, and a love of solving payment headaches, we’ve curated the best payment processing solutions.
So, you can be the beneficiary of our knowledge by scrolling down to find the best payment processing software out there. So, go ahead—scroll.
Why Trust Our Payment Processing Software Reviews
We’ve been testing and reviewing ecommerce software since 2021.
As ecommerce experts ourselves, we know how critical and how difficult it is to make the right decision when selecting software. Nobody wants to choose the mediocre option when the best is available for the taking.
We invest in deep research to help our audience make better software purchasing decisions.
We’ve tested more than 2,000 tools for different ecommerce use cases and written over 1,000 comprehensive software reviews.
Learn how we stay transparent & our software review methodology.
Comparing the Best Ecommerce Payment Processing Software
Before we get into the reviews themselves, here’s a comparison of these top payment processing companies in a convenient table so you can compare them side by side.
| Tool | Best For | Trial Info | Price | ||
|---|---|---|---|---|---|
| 1 | Best for B2B businesses | Free demo available | Pricing upon request | Website | |
| 2 | Best for a transparent pricing model | Free demo available | From $99/month | Website | |
| 3 | Best for simplifying cross-border payments | Free trial available | Pricing upon request | Website | |
| 4 | Best for zero-cost credit card processing | Not available | From $29/month | Website | |
| 5 | Best value for high transaction volumes | 3-month free trial | From $79/month | Website | |
| 6 | Best for omnichannel retail integration | 3-day free trial | Pricing upon request | Website | |
| 7 | Best for accessing multiple payment processors | Free consultation available | From $50/hr | Website | |
| 8 | Best payment processing, invoicing, and expense management | 30-day free trial | From $10.50/month (for 3 months, then $35/month) | Website | |
| 9 | Best payment processing software for recurring billing | Free account available | From 0.50% + $0.25 per transaction | Website | |
| 10 | Best customizable payment solutions tailored to specific business needs | Free plan available | From $13.95 plus 0.29% + 1.55% per transaction | Website |
The Best Ecommerce Payment Processing Software, Reviewed
Here’s the part you’ve been waiting for. Below, you’ll find brief reviews for each payment processing company, highlighting why we picked it, its top features, integrations, and screenshots of the tools in action.
EBizCharge is a payment processing software built for B2B businesses to handle credit card and eCheck payments across online, in-person, and mobile channels. It connects directly to your ERP, CRM, accounting, or ecommerce system to help you process payments without switching between tools.
I picked EBizCharge because it supports flexible payment types and channels, letting your team process transactions via virtual terminal, hosted checkouts, email pay links, and in-person EMV terminals. You can even accept payments over the phone or through ecommerce integrations—all without custom code.
EBizCharge also reduces your manual accounting load through invoice syncing and auto-reconciliation. You can generate invoices and sales orders inside the platform, set up recurring billing or auto-pay, and then have payments pushed back into your general ledger.
Other features include a customer payment portal that gives your clients 24/7 access to view and pay invoices online. The software also offers detailed reporting tools with over 50 search filters, helping you generate, export, and save custom transaction reports. EBizCharge has many integrations, including Acumatica, QuickBooks Desktop, QuickBooks Online, NetSuite, Microsoft Dynamics, Magento, BigCommerce, Salesforce, Zoho CRM, WooCommerce, Volusion, and Shopify.
Stax Pay is a payment solution tool that offers integrated payment and recurring billing solutions for businesses, emphasizing a transparent pricing model.
Stax Pay can enhance existing shopping carts with advanced fraud protection and customer data management. Its standout feature is the integration with top payment gateways, which provides robust security and in-depth reporting from a unified dashboard.
The most important and useful features of Stax Pay include its transparent pricing model, comprehensive business management platform, and dedicated support teams for assistance. Stax also offers powerful mobile solutions for accepting payments on-the-go, customizable billing and invoicing tools, and data and analytics to help businesses manage their finances and customer payments effectively.
Stax Pay offers custom integrations with business tools such as Slack, Zapier, Microsoft Office, Google Suite, and CRMs. Additionally, Stax Pay allows for easy integration of payment processing capabilities into software and mobile apps with comprehensive mobile software development kits in Javascript and Python, and a language-agnostic RESTful API.
Airwallex is a fintech platform that helps simplify your global payments and financial operations.
One of the most significant advantages is its multi-currency payment capability, which allows businesses to accept cross-border payments in over 180 currencies and over 160 local payment methods. This feature is particularly beneficial for ecommerce businesses targeting international markets, as it minimizes the costs associated with currency conversion and provides a seamless payment experience for customers worldwide.
Another key feature of Airwallex is its robust security measures, which include 3DS risk engine, SOC 1 and SOC 2 certifications, and PCI DSS compliance. These security protocols ensure that transactions are secure and compliant with industry standards, protecting both the business and its customers from potential fraud. Furthermore, Airwallex's integration capabilities with popular ecommerce platforms like Shopify, Magento, and WooCommerce make it easy for businesses to incorporate its payment processing solutions into their existing systems.
Other integrations include ecommerce marketplaces like Amazon and TikTok Shop, and accounting tools like Xero, QuickBooks, NetSuite, Sage, and Zoho Books.
CardX by Stax is a payment processing tool that allows businesses, government entities, and educational institutions to accept credit card payments at zero cost, providing the full sale amount deposited to the account the next day. It offers powerful surcharging and fair options for customers to pay the credit card fee, making it a popular choice for leading companies and payment processors.
What makes CardX by Stax stand out is its transparent pricing and the option for customers to pay with a no-fee method, giving businesses the ability to accept credit and debit cards without any cost. This makes it the best choice for zero-cost credit card processing, as it empowers businesses with simple and fair payment solutions.
In terms of features, CardX by Stax provides a turnkey solution for surcharging compliance, automatically adhering to all relevant rules and regulations. Additionally, the software offers 24/7 customer service for assistance with effective surcharging solutions.
CardX by Stax integrates with several key platforms to provide comprehensive payment solutions. These integrations include Stax Pay, Stax Connect, and Stax Bill, which offer capabilities such as surcharge, equipment, lending, mobile payments, e-commerce, invoicing, and in-person payments. The software also ensures compliance with state and federal regulations.
Payment Depot stands out as a payment processing software due to its unique subscription-based pricing model, which is designed to offer a more cost-effective solution for businesses with high transaction volumes. This model allows merchants to pay a flat monthly fee along with a small per-transaction charge over the wholesale rate, eliminating the common percentage-based markups found in traditional processing fee structures. Such a model can lead to significant savings for businesses, making Payment Depot particularly appealing to those with a high volume of transactions.
One of the defining features of Payment Depot is its comprehensive suite of services that cater to the needs of modern businesses. It provides a free payment gateway and virtual terminal through its partnership with SwipeSimple, allowing for the processing of online, mobile, and over-the-phone payments without additional costs. Furthermore, Payment Depot's software is compatible with various POS systems, including Clover and Vital Select, enhancing its versatility.
Ease of use is another critical aspect where Payment Depot excels. The platform's user interface is straightforward and intuitive, offering a logical layout that simplifies the management of sales data and financial transactions. This user-friendly design is complemented by an intuitive reporting dashboard that provides merchants with a quick overview of their sales data, enabling them to drill down into more detailed information effortlessly.
Payment Depot's focus on transparency and customer support further enhances its appeal as a payment processing software. The absence of hidden fees and the clear, upfront disclosure of all costs help build trust with merchants, establishing Payment Depot as a reliable partner for managing payment processing. Additionally, dedicated customer support ensures that businesses receive the assistance they need to navigate any challenges they might encounter.
Integrations include OpenCart, PrestaShop, 3dCart, BigCommerce, WooCommerce, Magento, Zen Cart, NCR, Authorize.Net, PayTrace, and others.
Shopify POS is a versatile point-of-sale system designed to integrate seamlessly with Shopify's ecommerce platform, empowering merchants to sell anywhere, anytime. It streamlines retail operations by syncing inventory, orders, and customer data across online and offline channels. With its user-friendly interface, Shopify POS facilitates smooth transactions, offers detailed analytics for informed decision-making, and supports various payment methods.
Shopify POS excels as an online payment processing system by offering robust, secure, and flexible solutions that cater to the diverse needs of businesses. It integrates seamlessly with Shopify's ecommerce platform, enabling merchants to manage both online and in-store sales through a single dashboard. This system supports a wide range of payment methods, ensuring customers can pay how they prefer, while providing advanced security features to protect sensitive information.
Shopify POS offers a highly customizable smart grid that merchants can tailor to their specific operational needs, setting it apart from more rigid systems. This interface allows users to organize their most frequently used apps, products, and features for quick access during transactions. The ability to personalize the POS layout means that employees can process sales more efficiently.
Shopify POS natively integrates with a variety of tools, including Shopify Payments, Shopify Shipping, Shopify Email, QuickBooks, Xero, Klaviyo, Google Analytics, Oberlo, Printful, and Gift Cards & Loyalty Program by Smile.io.
Swipesum is a unique payment processing solution that doesn’t act like a typical processor. Instead, it functions more as a consultative partner, providing businesses with payment options tailored to their specific needs without locking them into a single processing system.
Swipesum is designed for businesses needing customized payment processing that goes beyond a simple gateway. With a back-end-agnostic structure, Swipesum allows you to access nearly any major payment processor or gateway through a single platform. This flexibility means your team can choose providers with the best rates and the right features for your needs after a quick consultation.
Swipesum also offers advanced capabilities like its AI tool, Staitment, which continuously monitors and reduces fees by flagging overcharges, resolving disputes, and auditing your payment statements. Additionally, Swipesum's advanced capabilities and flexible processing are accompanied by dedicated account managers who provide white-glove services tailored to your needs.
Integrations include Shopify, NetSuite, QuickBooks, WooCommerce, Magento, Salesforce, Stripe, PayPal, Square, Clover, Oracle, Lightspeed, and SquareSpace, making it easy to connect your payment processing to your existing systems and business operations.
Best payment processing, invoicing, and expense management
QuickBooks Online is a cloud-based accounting software that helps small and medium-sized businesses manage their finances, track expenses, and process payments. It offers a range of features to help streamline financial management, including invoicing, expense tracking, and reporting. The platform is hosted in the cloud, so you can access it from anywhere.
The software tracks transaction details to help you spot errors and keep clean, accurate records. You can also connect your bank feeds to eliminate the need for manual data entry. It calculates sales tax automatically and allows you to charge clients and customers via invoice.
The invoicing capabilities allow you to create professional, customizable invoices that can be sent via email or printed and mailed. You can also set up recurring invoices for regular clients, making it easy to stay on top of billing. The software also has an expense tracking feature that lets you categorize and track your business expenses. This saves you time come tax season, and helps you keep clean and up-to-date financial records for your business.
QuickBooks Online integrates with over 450 business apps like Square, Stripe, Insightly CRM, Mailchimp, Shopify, eBay, BigCommerce, Magento, Squarespace, and Etsy. Pricing starts from $30 per month, and a 30-day free trial is available.
Helcim helps you accept credit cards easily from your device. With the Helcim virtual terminal, you can convert your computer, mobile, or tablet into a credit card processor. It lets you accept all major credit cards like Visa and Mastercard. It also enables the authorization of payments in seconds, with all the credit card information securely stored in its vault.
There is a feature for recurring payments where you can bill repeat customers with customized recurring payment plans. You can also directly sync the information with Quickbooks online. You can request payments via email or SMS and also send automated reminders. Helcim integrates with apps like Quickbooks, Magento, and WooCommerce.
For in-person payments, the pricing is 0.30% of the transaction amount + $0.08. For manually keyed transactions and online transactions, the rates are 0.50% + $0.25.
Merchant One
Best customizable payment solutions tailored to specific business needs
Merchant One shines as an online payment processing tool by offering a robust and flexible platform that caters to a wide variety of businesses, including those considered high-risk. Its high approval rates are particularly beneficial for online retailers, ecommerce startups, and niche marketplaces that might struggle to obtain payment processing services from other providers.
The customizable nature of Merchant One's payment solutions is a standout feature for online businesses. Unlike one-size-fits-all approaches, Merchant One works closely with each business to tailor payment processing solutions that align with their specific operational needs and customer preferences. This could mean integrating with specific ecommerce platforms, setting up recurring billing for subscription-based services, or providing mobile-friendly payment options.
Merchant One's provision of dedicated account managers adds a layer of personalized support that is invaluable for online businesses navigating the complexities of payment processing. These account managers offer guidance on optimizing payment solutions, advice on security and compliance matters, and assistance with any issues that arise. This level of support is crucial for maintaining the reliability of online payment systems and can be particularly reassuring for businesses that are new to ecommerce or expanding their online operations.
The security and compliance features of Merchant One provide peace of mind for online businesses and their customers. In an era where data breaches and online fraud are significant concerns, Merchant One's commitment to secure transaction processing and adherence to industry standards, such as PCI DSS compliance, is essential. By safeguarding customer payment information and providing a secure online payment environment, Merchant One helps businesses build and maintain a reputation for reliability and trustworthiness.
Integrations include Authorize.net, Payeezy Gateway, Payflow Pro, Paytrace Gateway, USAePay, Aloha, Micros, Maitre’D, 1ShoppingCart, BigCommerce, ecwid, Fishbowl, Magento, PrestaShop, Salesforce, and dozens more ecommerce platforms, shopping cart solutions, and sales enablement tools.
Other Payment Processing Software
Here are a few more that didn’t make the top list but are still worth looking into if you need more options.
- Clover
For POS system integrations
- Chargebee
Subscription solution for high-growth ecommerce companies
- Square
Payment processing app for small business
- Stripe
For online retail businesses
- Hopscotch
For invoice-based transactions
- Adyen
For performance analytics
- Payline Data
For centralized transaction management
- KIS Payments
For loyalty programs
- Elavon
Payment processing software for restaurants
- Fiserv
Payment processing platform for Asia-Pacific enterprises
Related Ecommerce Software Reviews
If you still haven't found what you're looking for here, check out these tools related to ecommerce that we've tested and evaluated.
- Ecommerce Platforms
- Inventory Management Software
- Shopping Cart Solutions
- Order Management Systems
- Warehouse Management Software
Our Selection Criteria for Payment Processing Software
Selecting the right payment processing software is a pivotal decision for ecommerce merchants, directly impacting their ability to efficiently process online payments, enhance customer experience, and secure transaction data.
These criteria are designed to meet the specific needs, pain points, and functionalities most important to users in this space. Here’s what to look for:
Core functionality (25% of total weighting score)
These are the must-have features every payment processing software should include.
- Acceptance of multiple payment methods. Supports credit/debit cards, bank transfers, and digital wallets to cater to all your customers’ preferences.
- Secure transaction processing. Uses encryption and complies with PCI DSS standards to keep data safe and secure.
- Real-time processing. Offers instant authorization and confirmation for transactions, making the customer experience smoother.
- Integration capabilities. Works seamlessly with your ecommerce platform, accounting software, and other tools for streamlined operations.
- Comprehensive reporting and analytics. Provides detailed insights into transactions, refunds, and customer behavior to help you make informed decisions.
Additional standout features (25% of total weighting score)
Extra features that provide added value beyond the basics.
- Advanced fraud detection and prevention. Utilizes AI and machine learning to reduce risk and spot fraudulent activities.
- Customizable checkout experiences. Lets you tailor the checkout process to match your branding and design needs.
- Support for global payments. Handles multi-currency transactions and offers language options for international customers.
- Mobile payment capabilities. Enhances the shopping experience for customers using smartphones and tablets.
- Subscription and recurring billing. Automates payments for memberships and services, ensuring timely billing.
Usability (10% of total weighting score)
How easy is the software to use?
- User interface (UI). Features a clean, intuitive design that’s easy for everyone to navigate.
- Customization ease. Offers drag-and-drop functionality to customize payment forms and checkout pages without needing coding skills.
- Documentation and tutorials. Provides clear, accessible resources to help users get the most out of the software.
Onboarding (10% of total weighting score)
How quickly can you get started?
- Setup process. Easy to set up, so you can start accepting payments right away.
- Training resources. Includes training videos, interactive tours, and templates to help you get up to speed.
- Onboarding support. Offers responsive customer support to answer any setup questions or concerns.
Customer support (10% of total weighting score)
How good is the support?
- 24/7 availability. Support is available around the clock via live chat, email, and phone.
- Knowledgeable team. The support team is quick to provide effective solutions.
- Community resources. Access to forums or knowledge bases for peer support and shared learning.
Value for money (10% of total weighting score)
Is the software worth the investment?
- Competitive pricing. Pricing reflects the features and capabilities offered.
- Transparent pricing structures. No hidden fees or unexpected charges.
- Flexible plans. Offers scalable plans that grow with your business.
Customer reviews (10% of total weighting score)
What do users say about it?
- User satisfaction. Positive feedback on ease of use and support.
- Reliability and uptime. High ratings for consistent performance.
- Impact on sales. Testimonials highlighting improvements in sales and customer satisfaction.
In choosing payment processing software, it's essential to weigh these criteria based on your business's unique needs and objectives.
Remember, the right software should offer a seamless blend of security, usability, and value, empowering your business to thrive in the digital marketplace.
How to Choose Payment Processing Software
Finding the right payment processor isn’t just about today’s needs—it’s about picking a solution that grows with your business.
Here’s a quick playbook to get you there:
- Clarify your needs. Identify the main issues you want to solve. Are you aiming to streamline transactions, cut fees, or improve system sync? Knowing your goals will help you prioritize key features.
- Consider users and ease of use. Determine who will use the software—just the ecommerce team or the whole organization? If it’s a broad user base, prioritize a user-friendly interface.
- Look for back-office features. Seek tools that support internal workflows, like activity logging, automated reconciliation, and user permissions, to save time on admin tasks.
- Ensure seamless integration. Make a list of essential tools (e.g., CRM, accounting software, ecommerce platform) your payment processor needs to sync with for streamlined operations.
- Think scalability. As your business expands, you’ll need a processor that can handle more transactions, supports multi-currency payments, and offers advanced tools like subscription management or fraud detection.
- Prioritize security and compliance. Look for PCI DSS compliance, encryption, and fraud protection features to secure customer data and maintain trust.
- Evaluate customer support. Opt for providers with 24/7 support, fast response times, and resources like training videos—especially helpful for resolving issues quickly.
- Assess costs. Compare pricing models (per transaction vs monthly subscriptions) and consider any hidden fees to find value without losing essential features.
Bottom Line: The right payment processing software offers scalability, security, and ease of use, helping your business grow while keeping transactions smooth and customers happy.
What is Payment Processing Software?
Payment processing software is the digital backbone of modern commerce, enabling businesses to securely handle electronic transactions with ease and efficiency.
Think of it as the backstage tech that springs into action every time a customer pulls out their credit card or clicks “Buy Now.”
At its core, this software powers three main functions:
- Accepts payments: Businesses can receive money through various methods, including credit cards, debit cards, digital wallets, and even ACH transfers (those reliable, cost-effective bank transfers that are perfect for recurring payments like payroll or subscriptions).
- Processes transactions: Acting as a secure middleman, it shuttles payment info between the merchant, payment gateway, and banks, ensuring transactions are smooth and secure every time.
- Secures sensitive data: Equipped with fraud detection, encryption, and compliance with PCI DSS standards, this software protects customer financial data, safeguarding both business reputation and consumer trust.
But payment processing software isn’t just about moving money; it’s packed with features designed to make life easier for both you and your customers:
- Real-time reporting and analytics. Access instant insights to track sales and identify patterns.
- Back-office support. Automate financial tasks like invoicing and reconciliation, freeing up your team’s time for more impactful work.
- Customer data management. Understand buying habits to inform your marketing and inventory decisions.
- Seamless checkout experience. Create a smooth, user-friendly experience that keeps customers coming back for more.
- Multi-currency and global payment support. Accept payments from international customers with ease, supporting your global growth.
By streamlining financial operations, enhancing security, and providing a friction-free checkout experience, payment processing software doesn’t just handle transactions—it actively supports business growth, reduces costs, and keeps customers happy.
Trends in Payment Processing Software
Things are constantly changing in the payment world, with new fancy ways to pay all the time. People are paying with their watches! We're in the future!
Staying current is essential to stay competitive, so here’s what’s hot in 2025:
- Contactless and mobile payments. NFC and mobile wallets are now the norm as consumers increasingly choose contactless payment options for their convenience and speed.
- Blockchain and cryptocurrency. Blockchain offers secure, transparent transactions, and crypto is becoming more mainstream, offering low fees and fast global payments.
- Enhanced security. With rising cyber threats, payment processors are stepping up security with tokenization, biometric verification, and AI-powered fraud detection.
- Real-time payments. Instant fund transfers are on the rise, allowing businesses quicker access to revenue and streamlining cash flow.
- AI and machine learning. AI optimizes fraud detection, automates tasks, and personalizes customer experiences, enhancing accuracy and efficiency.
- Open banking. By using APIs to share financial data, open banking enables innovative, connected financial products and services.
- Buy Now, Pay Later (BNPL). BNPL is booming, especially for younger shoppers, increasing flexibility and boosting sales on ecommerce platforms.
- Social commerce payments. Integrated payments on social media apps like Instagram and TikTok are turning these platforms into shopping hubs, simplifying the purchase process.
- Biometric payments. Payments through fingerprints or facial recognition are gaining traction, adding security and eliminating the need for traditional PINs or passwords.
Keeping up with these trends ensures your payment processing solutions remain cutting-edge and adaptable, ready to meet evolving customer expectations and tech advancements.
Key Features of Payment Processing Solutions
Modern payment processing software is a powerful toolkit for keeping cash flow smooth and secure, with features designed to streamline transactions, safeguard data, and simplify customer management.
Here’s a breakdown of the key capabilities to keep on your radar:
- Multiple payment method support. A robust payment processor should cover all the bases—credit cards, debit cards, digital wallets, ACH transfers, and even crypto. ACH is especially handy for recurring payments like payroll or subscription services, offering lower fees than credit card transactions.
- Advanced security and fraud prevention. Top platforms bring serious defense: think end-to-end encryption, tokenization, and PCI DSS compliance. Tools like AI-powered fraud detection keep watch for suspicious activity, while 2FA adds an extra layer of security, reducing chargeback risks.
- Efficient transaction processing. From authorizing and capturing to settling payments, your software should make these steps seamless and quick. Nothing derails a sale faster than a lagging transaction!
- Back-office features for smoother operations. With integrated activity logs, team permissions, and automated reconciliation, these tools reduce admin headaches and keep your team focused on growth.
- Payment gateway integration. Look for software that plays well with a variety of payment gateways and financial institutions. This flexibility means you can choose your preferred providers without worrying about compatibility issues.
- Mobile payments. Mobile compatibility is a must in today’s commerce world, whether for on-the-go sales or just catering to customers who love to pay by phone.
- Recurring billing and subscriptions. Automate your recurring payments, memberships, or subscription fees, freeing up time and ensuring reliable revenue flow.
- Multi-currency and international payments. If you’re thinking global, you need multi-currency support to accept international transactions easily. No more roadblocks for your international customers!
- Reporting and analytics. Comprehensive insights on transaction volume, sales trends, and customer behavior turn data into strategy. These tools help you make smart, data-driven decisions—without needing a PhD in analytics.
- User-friendly interface. The best payment software doesn’t require a tech degree. A clear, intuitive platform makes managing transactions, refunds, and customer data simple for everyone.
- Customer management. Streamline customer interactions by organizing payment preferences, transaction history, and other essential info, helping you build long-term relationships.
These features ensure your payment processing software isn’t just a transactional tool; it’s a growth engine that supports everything from smooth payments to effective customer retention and international scaling.
Top Benefits of Payment Processing Software
Whether you’re running an online store, a physical location, or both, payment processing software brings a world of benefits that can transform your business operations. Here are six top perks:
- Streamlined transaction management. Payment processing software takes the hassle out of transactions by automating each step—from initiation to settlement—saving you time and cutting down on manual errors. Whether it’s credit cards, mobile wallets, or ACH transfers, it handles payments smoothly, so you don’t have to.
- Enhanced security and fraud prevention. Security is non-negotiable, and payment software brings advanced encryption, real-time fraud detection, and PCI DSS compliance to keep sensitive data safe. This is crucial for earning customer trust and minimizing financial risk.
- Greater payment flexibility. Offering various payment options, from credit and debit cards to digital wallets and ACH transfers, makes transactions convenient for customers. For recurring payments, ACH is a reliable, low-cost option that businesses can use without high fees cutting into profits.
- Access to real-time analytics. Built-in reporting tools provide valuable insights into transaction volumes, sales trends, and customer behavior. Armed with this data, you can make informed, strategic decisions that fine-tune your approach and drive growth.
- Global market accessibility. With multi-currency support and global payment capabilities, expanding internationally is a breeze. Whether you’re selling online or managing cross-border transactions, you’ll be able to serve customers anywhere without limitations.
- Improved customer experience. A smooth checkout experience keeps customers happy and coming back. Flexible payment options, fast processing times, and reliable transactions ensure your customers enjoy a seamless shopping experience every time.
Choosing the right payment processing software goes beyond handling transactions; it’s a strategic investment in your growth, helping you build trust with customers and equipping your business to thrive in today’s digital-first economy.
Cost & Pricing for Payment Processing Software
Understanding the various pricing structures and features of payment processing software is crucial for selecting a solution that aligns with your business objectives and budget.
Below is a comprehensive breakdown of common plan options, their average prices, features included, and the types of businesses they best serve.
Plan Comparison Table for Payment Processing Software
| Plan Type | Average Price | Common Features Included | Best For |
|---|---|---|---|
| Free | $0 | Basic transaction processing, standard security features, major credit card support, basic reporting, limited monthly transaction volume, community support. | Startups, hobbyists & very small businesses |
| Starter | $15 - $30/month | All Free features, enhanced security measures, basic multi-currency support, mobile payments, email support, basic inventory management. | Small businesses & new online stores |
| Small Business | $50 - $100/month | All Starter features, advanced reporting, full multi-currency support, integration with popular ecommerce platforms, 24/7 customer support, subscription billing, customizable checkout. | Growing SMBs & established online retailers |
| Professional | $100 - $200/month | All Small Business features, advanced analytics, API access, fraud protection tools, multiple user accounts, advanced inventory management, marketplace integrations. | Large businesses & multichannel retailers |
| Enterprise | Custom pricing | All Professional features, dedicated account manager, custom reporting and analytics, advanced security protocols, white-label solutions, custom integrations, priority support. | High-volume merchants & multinational corporations |
When selecting a payment processing software plan, consider not only your current needs but also anticipate future growth and potential expansion.
Key factors to evaluate include:
- Transaction volume: Ensure the plan can handle your expected number of transactions without incurring excessive fees.
- Payment types: Verify that the plan supports all payment methods your customers use, including emerging options like digital wallets or cryptocurrencies.
- Integration capabilities: Check if the software integrates seamlessly with your existing systems (e.g., accounting software, CRM, inventory management).
- Scalability: Look for plans that offer easy upgrades as your business grows.
- International capabilities: If you plan to sell globally, ensure the plan supports multiple currencies and complies with international regulations.
- Support level: Consider the level of customer support you'll need, especially during critical sales periods.
- Security features: Evaluate the security measures provided, ensuring they meet industry standards and your business requirements.
By carefully assessing these factors and comparing them against the features and pricing of available plans, you can select a payment processing solution that not only meets your current needs but also supports your business as it evolves and expands.
Payment Processing Software FAQs
To make this list of best payment processing software for ecommerce businesses even more comprehensive, I wanted to cover some of the most frequently asked questions on the topic.
What security measures do payment processors have?
Payment processors implement multiple layers of security to protect transactions. This includes SSL encryption for data in transit and adherence to PCI DSS standards to secure cardholder data.rnrnAdvanced fraud detection algorithms are used to identify suspicious activity, and tokenization replaces sensitive information with non-sensitive equivalents, adding an extra layer of protection.rnrnThese measures help build trust with consumers and ensure compliance with global security standards.
Can you switch payment processors easily if needed?
Switching payment processors can be straightforward or complex, depending on your ecommerce platform and how integrated the processor is with your operations. Some platforms offer plug-and-play compatibility with multiple processors, making the switch easier.rnrnHowever, changing processors might require adjustments in your payment workflows and data migration. It’s important to plan the transition carefully to minimize disruptions to your business operations.
How do payment processor platforms handle chargebacks?
Payment processors manage chargebacks by providing merchants with tools to dispute them, including the submission of evidence to argue the legitimacy of the original transaction.rnrnThey also offer prevention advice and services to reduce the likelihood of chargebacks, such as clear communication of refund policies and verifying customer information. These measures help protect businesses from fraudulent chargebacks and minimize revenue loss.
Can payment processors handle multiple currencies for international sales?
Yes, many payment processors support transactions in multiple currencies, allowing ecommerce businesses to sell internationally more easily. They handle currency conversion and may offer localized payment options to enhance the shopping experience for overseas customers.rnrnThis capability is crucial for expanding global reach and ensuring smooth transactions for international customers.
What are the typical fees associated with payment processing?
Payment processing fees typically include transaction fees, monthly subscription fees, and setup costs. Transaction fees can be a flat rate or a percentage of each sale, and there may be additional charges for features like fraud protection or advanced reporting.rnrnUnderstanding these fees helps businesses budget better and choose a cost-effective solution that meets their needs without hidden costs.
How do payment processors support recurring billing for subscriptions?
Many payment processors offer features for managing recurring billing, which is essential for subscription-based businesses.rnrnThese features automate the billing process, ensuring customers are billed automatically at regular intervals. This not only streamlines the payment process but also improves cash flow and customer satisfaction by providing a seamless billing experience.
Additional Payment Software Reviews
These software review lists may complement your search for payment processing software.
- Point-of-Sale (POS) Software
- Ecommerce Sales Tax Software
- Buy-Now-Pay-Later (BNPL) Platforms
- Mobile Payment Solutions
- Ecommerce Fraud Prevention Software
- Ecommerce Accounting Software
- Subscription Ecommerce Platforms
- Best PayPal Alternatives
Find The Best Tools, Get Paid
Getting paid for your stuff is easy, but it's how you get paid that matters. All the little things add up. That can go in your favor or doom you to angry shoppers and high fees taking out your revenue numbers.
Hopefully this list pushes you to find the best payment processor for your needs. Then you can focus on growing other parts of your business.
Want to stay ahead with all things related to ecommerce management? Subscribe to The Ecomm Manager Newsletter and stay ahead with the latest insights from top thinkers in the ecommerce industry.