The Most Popular 5 Payment Chains
In this digital era, almost everyone is transacting online. Whether you are accepting online or in-person, you need a reliable credit card for the processing service to business livelihood. The payment chains act as a link between a business and the banks, issuers, and credit card networks in each transaction. As a business owner, you may not know the ins and outs of credit card transactions. Here are five of the most popular payment chains used globally.
PayPal
PayPal is a third party company recognized as a provider for payment services. Owed by American, the company runs an online banking system globally, supporting the online transfer of funds. It also acts as an online substitute to analog paper strategies like ordering money and checks. PayPal helps the business owners accept significant payment types online or send an invoice to get paid later.
Payline
Payline is a developed technology that simplifies the methods used by businesses and enterprise customers to accept payments. It is used for manually processing credit card purchases, setting up recurring billing, processing refunds, and generating smart reports to help with peaceful coexistence and provide predictive analytics. The advantage of using a payline as a business owner is that you can incorporate payline in your online business store in lightbox mode. Your customers will be able to view full-screen displays and access keypad from their handsets.
Amazon payments
Amazon.com owns the amazon payments processing service. You are required to have Amazon Seller central account, and depending on your business needs, you may also be charged. It gives its customers the right to pay to an outside vendor with their account online.
Stripe
Stripe is an online payment processing for online businesses. It empowers online companies and consumers, including fraud detection and prevention and strategic planning of subscriptions. It enables business owners to accept credit card payments directly to their bank account.
Authorize.net
Authorize.net it’s a wholly-owned Visa subsidiary. It operates merchant services that help companies accept online payment through credit card and e-check via mobile phones at retail outlets. With authorize. Net, you can now receive money from other payment chains, including PayPal express and Google Pay.
We got plenty of payment chains out there that you can use to conduct e-commerce activities. Choose one that suits your business objectives. For instance, wisdom dictates that you open an Amazon seller account if you have a cloth line and an Amazon account. It will be easier for you and your clients to make transactions. Having a unique brand requires a unique payment solution that fits you perfectly.