Top 20 Payment Processing Companies for Small business

Top 20 Payment Processing Companies

The digital world is fast-moving to a place where everything is possible in a blink of an eye. There are many payment processing companies that can be found online, and safe transactions can be made all across the globe. Every startup, small business, and the large company uses digital payment processing and transaction methods to collect payment.

The eCommerce business is a major player in this transaction. There are a few things that customers need to do before they can buy online. You need to pay attention to two key aspects before you start the payment process.

First, select the best eCommerce software. Next, install it to create your online store.

Next, select top-notch companies for payment processing integration to your eCommerce platform. Customers will be able to pay you via these payment processors.

Payment Processor

Merchants or entrepreneurs choose a payment processor to handle their online transactions. This includes a payment gateway. Together, these payment processors are responsible for ensuring that the transaction between the merchant’s account and the clients is safest. It includes both front-end as well as back-end processing. We will be discussing the above-mentioned in the next passages.

Front-end process:

Front-end payment processing companies will allow interactive UI/UX design for the client through their payment app. To make the payment, the client will use either his/her debit or credit card. The customer will receive the outcome and payment will be processed. This is the core of the front-end process, and it is very user-friendly.

Back-end Process:

This back-end process will see an arterial process.

  • Customers who are interested in the products on the eCommerce site and make a purchase will be redirected toward the payment process. It is fine if the customer pays offline. The huge payment processor will start if they choose to pay online.
  • The payment will be made via the customer’s credit card or debit card through the payment gateways. Secured payment gateways will transmit the client’s transaction information directly to the payment processor.
  • The payment processor checks whether the customer is able to pay the amount and acts as a bridge between the merchant’s bank account, and the client’s payment account.
  • Once payment details have been verified as being eligible by the client, the response will be sent to the payment gateway for the client to debit the amount.
  • The payment processor, via the payment gateway tool, credits the merchant’s bank account with the client’s payment.
  • To complete the payment process, the entire payment processor works with the payment gateway. The payment processor will be paid a commission for each successful transaction between the client’s bank account and the merchant bank account. The merchant account must pay a certain amount to integrate the payment processing company into their business.

Also read: What is the Accounts Payable Process?

You must be focused on choosing the right payment processing companies for your business. Otherwise, both your customers and you will suffer. There are many resources online and offline available to identify companies that can best suit your online transactions. It is important to feel confident when choosing your payment method. We will now discuss the top payment processors for online transactions.

Top 20 Payment Processing Companies

The best payment processing company list will help you choose the one that is most suitable for your business. Let’s start.

1. PayPal

Elon Musk and his team founded the company in 2008

Headquarters: California, United States

Global Users: The list includes 305 million valued and active account holders at the end of 2019.

PayPal is a well-known payment processor that suits all sizes of online businesses. Integrating PayPal into your business will make it easier for your customers. Customers can pay their seller using their PayPal account number, without having to provide their credit/debit card information. This makes it easy for customers to pay and gives you the chance to gain more customers.

2. Stripe

Founded by John Collison & Patrick Collison in 2009.

Headquarters: California, United States

Global Users: Stripe currently supports 31 countries around the globe, including Australia, The United States, and others, with 24 currencies.

Along with PayPal, Stripe is a top payment processor for online businesses. is a top payment processor for online businesses. Stripe allows you to create a payment API for your company.It can be difficult to provide UI for customers who are not technical. Stripe’s main advantage is that clients are not redirected elsewhere while payment processing is underway. This allows them to remain on the same page. Stripe is ideal for credit card processing.

3. Amazon Pay

Amazon team founded it in 2007

Headquarters: Washington, The United States

Global Users: 33 Million

Amazon launched Amazon Pay, an online payment system. Amazon is a well-known eCommerce brand and Amazon customers are becoming more attached to the Amazon Pay system. Online payments are not the only option This payment processing system allows bill payments to be made quickly and easily, even for other services such as mobile recharges. This payment system is very popular so you can use it.

4. Google Pay

Founded in: 2015

Headquarters: California, The United States

Global Users: 55 Million monthly active users

Google merged two separate services, Android Pay and Google Wallet, into one brand called Google Pay in 2015. The current trend is: that Google Pay is a popular site that allows customers to make secure and quick payments. Google Pay is a popular service due to its user-friendly interface that is easy for everyone to use. Only their registered numbers can be used by the merchant to receive payment from clients.

5. Apple Pay

Founded in: Apple Inc. 2014

Headquarters: The United States

Global Users: 382 Million users

Apple Pay was launched in the USA and is now being used worldwide for its payment processing capabilities. Apple Pay is similar to Amazon Pay and Google Pay. It has a global trust community. Apple Pay is a trusted brand around the globe due to its secure transaction features. Apple Pay, which offers advanced payment processing capabilities, has gained a lot of popularity.

6. Due

John Rampton founded the company in 2015.

Headquarters: California, The United States

Due is a rapidly growing payment processor company that strives to make online payments as easy and convenient as possible. It is focused on security and customer service. It offers a variety of services such as eChecks and ACH Payments. This makes it easy for clients to transact online. It offers both debit and credit card support and is completely free to sign up.

7. Checkout

Founded in: 2012 by Guillaume Pousaz

Headquarters: London

Employers: 500+ in 10 Countries

Checkout has 10 branches around the world and is currently establishing its payment processing systems in different regions. Checkout integrates with more than 100 shopping carts. It also has integrated merchant accounts. The single integration method allows for multiple payment options from customers. It supports 150 currencies.

8. Bit Pay

Founded by Stephen Pair and Tony Gallippi in 2011.

Headquarters: Arlington (Virginia)

Bitcoin transaction: 200k per monthly

Bit coin refers to the cryptocurrency and digital assets that are transferred into the Bit coin network. Bit Pay is the best payment processor if you’re dealing with Bit coin-related investments. It provides high security for Bit coin wallets. Bit coin users can use their Bit Pay visa to access the internet and swipe their prepaid debit cards to make transactions.

Also read: Top 10 System Integrator Companies

9. GoCardless

Founded in: 2011

Headquarters: United Kingdom

GoCardless is an online payment system that allows clients to pay without using cards. It is widely regarded as the best debit provider. It is well-respected for its ease of payment processing and ability to track the transaction. GoCardless integrates with merchants cheaper than PayPal.

10. Square

Jim McKelvey and Jack Dorsey founded the company

Headquarters: California, The United States

Square was established in many countries including Japan, the United States, Canada, and Japan. Square is currently expanding its payment processing systems to reach even more customers. Square has reached more than 2 million companies with its many features, from Payroll to Payment. Square offers perfect solutions for all industries and businesses. It also offers customer-friendly products such as the chip reader to simplify the payment process.

11. Flagship Merchant Services

2001 was the year it was founded.

Headquarters: San Franciso (The US)

Company: Private company with 11-50 employees

The Flagship, which is based in Albama has a proven track record of providing high-quality products and services for merchants. Flagship is suitable for small and medium-sized businesses. It offers quality payment services to merchants. Flagship Merchant Services, as the name suggests, is a good choice for payment integration.

12. Adyen

Inaugurated by Pieter van der Does & Arnout Schuijff in 2006.

Headquarters: In 21 places like Amsterdam, Berlin, London, Hong Kong, etc.,

Adyen is an online payment system that can be used by businesses worldwide. Adyen’s step-by-step process has made it a success and offers a user-friendly platform for payment that allows people to send and receive money with ease.

13. Tsys

Founded in: 1967

Headquarters: Georgia

Tsys, a global payment provider, also offers innovative software services. Tsys’ payment processing system is used by around 80 countries worldwide. Its tagline is People-Centered payments. It provides innovative solutions for its merchants and clients.

14. Payline Data

Founded in: 2011

Headquarters: Chicago

Payline Data offers merchants services such as credit card payment processing, debit cards, and payment gateway with payment facilitation. The only problem with this system is the fact that it provides its payment processing services in the United States. You can also try an alternative option if you’re not in the US.

15. Beacon Payments

Founded in: 2008

Headquarters: Boston

Employees: 51-200

Beacon Payments offers merchant solutions such as credit card processing, terminals for credit cards, point-of-sale, and mobile payments. It’s also useful for small businesses because it allows users to make mobile payments.

Also read: Top 7 Issue Tracking Software Systems for Business

16. Blue Pay

John Rante founded the company in 2003

Headquarters: Naperville, Illinois

Blue Pay is a payment processing company that merchants can use, especially in the United States of America or Canada. It provides payment services for both business-to-business (B2B), and business-to-consumer (B2C) models. Blue Pay is an Omni-channel payment processing service provider.

17. Card Connect

Founded in: 2006 by Brian Shanahan

Headquarters: King of Prussia (PA)

Card Connect is a data company that allows businesses to consolidate multiple bank accounts onto a single platform. They can be used for payment gateway integration, credit card processing, and other important functions. Fiserv is also a global financial technology provider. Blue Pay and Card Connect both falls under the Fiserv umbrella.

18. Samsung Pay

Founded in: 2015 by Samsung Electronics

Headquarters: South Korea

Global users: 10 Million active users

Samsung is an electronics multinational conglomerate with its headquarters in South Korea. It is known in India as the Samsung India brand and has its Indian headquarters in Haryana. Samsung Pay is the most secure payment system because Samsung has already created the brand, with various electronic and home appliance products. Samsung Pay accepts debit and credit cards.

19. Chase Paymentech

Jamie Dimon founded the company in 2005

Headquarters: New York

JP Morgan Chase and Co., a well-known multinational financial services and investment company are highly regarded. Chase Paymentech is a JP Morgan acquiring company. Chase Paymentech is a JP Morgan acquiring business company. It owns its clients through its high-quality payment processing systems. This is because it’s one of the most prominent brands in the online market. It provides international payment processing services as well as POS (Point of Sale), solutions.

20. Razor Pay

Harshil Mathur & Shashank Kumar founded the company in 2014.

Headquarters: Bangalore, Karnataka

Company: Privately owned with 51-200 employees

Razor Pay, India’s newest payment processing company, has a large and organized customer base. Razor Pay accepts payment via all channels, including credit cards and debit cards. It is also the only Indian mobile wallet that allows businesses to accept payment through its product suite. Razor Pay is the best option for Indian businesses.

With its secure payment services and efficient customer services, the entire payment gateway stands apart.

Conclusion – Payment processing companies

It is likely that one of these payment processing companies can help you keep your online transaction more secure and faster.

This blog will provide information about the various payment gateways available and the quality of the information. You can choose the best payment processing company from the 20 listed. To build an SEO-friendly online store, you should purchase the best eCommerce software. You can choose from a variety of plans that will allow you to purchase the right eCommerce platform.

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