With e-commerce being one of the most viable business options nowadays, online payment has become a necessity. As a payment gateway solution provider, we here at ZED Network have worked with plenty of different payment companies globally.
So with our experience working with payment processing companies, we thought we would create a list of the top ones.
We went through plenty of payment processing platforms and providers and conducted in-depth research into each company to find the best online business option.
But before we go into the list, you should know the parties involved in an online transaction. According to Zed Founder and entrepreneur Alan Safahi, there are six total parties involved. So let’s see what they are:
- The customer.
- The merchant/business owner.
- The payment processor.
- The payment gateway — if not already combined with the processor.
- The bank/credit card company of the customer.
- The bank of the business.
Well, now that we’ve covered the parties involved, let’s start getting into the companies you should know about.
In the following passages, you will find Zed Network’s 2020 list of top payment processing companies.
Based out of the UK, GoCardless is a direct debit provider that has become one of the world’s top payment processing companies.
GoCardless is easy to set up, and you can accept and automate payments, track the status of a payment, and integrate the service into your website with its API.
With the service being cheaper than Paypal, it has gained popularity on the international market and is one of the best payment processing companies of 2020.
Global Payments Integrated
Cayan rebranded itself as Global Payments Integrated a few years back, but it has retained all the traits and features that made it a fantastic payment processing company.
From online payment solutions and point-of-sale purchases solutions to giving developers the chance to access NFC (near-field communication), you can do many different things with Global Payments Integrated.
You can also find solutions like EMV (chip technology) payments through a flexible API. This Boston based process became one of the top payment processing company in 2020 because of its multi-faceted features and tiered and interchange-plus pricing at a competitive rate.
Payline Data is one of the best payment processing company in 2020. Don’t believe us? Well, you can check their reviews. Payline Data is one of the most well-reviewed payment processing companies in the world.
You can accept payments in-store, online, and through a mobile app with Payline Data solutions.
With Payline Data, you can also take cash advances for merchants, customer insights, QuickBooks integration, and an interchange-plus pricing structure that ensures affordability and usability.
Its customer service is fantastic as well with you getting round the clock service for its clients.
Square is one of the most innovative payment processing companies out there. You can easily make your smartphone into a payment processor and accept payments with the help of Square’s magstripe reader, contactless + chip reader, and stand.
It’s a highly versatile platform that offers fantastic payment processing for a host of different sectors.
Because of its versatility and list of features, Square has become a popular option for online businesses and has become one of the top payment processing companies in 2020.
Ayden has been in the business for about 14 years. Based in Amsterdam, Ayden is a global multichannel payment company that started its journey back in 2006.
You can operate transactions without any complications. Ayden allows its users to accept and transfer money electronically in real-time online using your mobile or do it in-person.
Because Ayden has 250 payment methods in North America, Latin America, Europe, and Asia, it has risen as one of the top payment processors in 2020.
If you have ever made transactions involving bitcoin, then odds are you already know what BitPay is. It is one of the largest bitcoin payment providers globally and has been steadily growing ever since it was founded back in 2011.
Now BitPay handles more than 1 million dollars in transactions every day, putting it right up there as one of the best payment processing companies out there.
To ensure BitPay provides fantastic payment processing services, it has partnered with companies like PayPal and Merchant Acquirers such as Global Payments and Alternet Systems.
So make sure you check out their services before making any choices on your payment processing company.
Before, the one size fits all model for payment processors were just a pipe dream, with no company being able to come close to it. Well, that was until Stripe came along.
Stripe is a highly customizable payment solution that offers a flexible way to handle your business.
It’s a developer-friendly payment processor that allows you to work with the company’s APIs to create the product that best suits your needs.
Stripe accepts payments in 130 different currencies from credit cards, debit cards, and bitcoin payments.
Besides, Stripe’s price range is amazingly affordable, and it has established itself as one of the top payment processing companies well before 2020.
Flagship Merchant Services
If your website has a much high volume of credit card transactions, you should look into Flagship Merchant Services.
The company is an all-in-one credit processor that offers low and flexible rates so that businesses don’t have to pay expensive fees as it works every month.
Whether you want to process your payment in-person, online, and mobile credit card processing, Flagship Merchant Services has it all.
What makes this company better is the fact that the customer service it offers is only world-class.
In recent years Due has become one of the best payment processing companies that take care of everything for businesses.
From entire billing to the payment process, Due takes care of it for freelancers, small business owners, and other companies. If you are an online business and you want to work in international markets.
It will help you with many different things like time tracking, project management, and customized online invoicing options. What makes Due a top-notch payment processing company is its versatility.
It offers you invoicing, and payment processing features in 100 languages, currencies, and tax systems, as well as international credit card processing.
Who hasn’t heard of PayPal? It is by far the most popular payment processing companies in the world. It single-handedly changed the online payment landscape.
Since debuting in 1998, PayPal has been the top choice for businesses all over the world. The company operates in 200 countries and 26 currencies.
It offers easy integration and extends credit to customers as well. There is no question about PayPal being at the top of any list that consists of top payment processing companies.
So if you haven’t already, then make sure you check out PayPal as a payment processing company for your business.
Finding The Top Payment Processing Company
So there you go, that concludes Zed Network‘s list of top payment processing companies. We talked about all the payment processing companies we think are the best ones in the market in the passages above.
Go through each of the companies to find the one that fits appropriately with your company perfectly. Now, these aren’t the only payment processing companies out there.
You should do your research to determine if any other company fits your business better than the ones we listed here. Let us know in the comments below if we missed a payment processing company that you think needs to be on this list.
You can hit us up on our socials if you have any questions about payment gateways or contact us, and our development team will get back to you with answers.
So that’s about it for today. We are here at the end of our discussion, and we will come back soon with something new for you. Until then, see ya!