Making payments using a portable mobile device has never been easier thanks to the creation of several modern and innovative mobile banking applications. One simply needs to download any one of these apps to find new ways to exchange money with their loved ones, buy products, use convenient currencies, manage expenses, and earn loyalty rewards.
Below is a list of innovative and convenient online payment apps available in the corporate setting now:
Braintree Payments is one of the youngest M-Commerce payment methods. Since its launch in 2010, it continues to provide users with convenient payment methods, making it one of the most popular mobile payment apps. It accepts classic payments such as debit/credit cards, PayPal, Android payment, Venmo and e-wallets such as Bitcoin.
Stripe is a payment method that uses a simple approach to make things simple for suppliers, developers, and customers. Its partnership with developers makes it easier for customers to complete transactions at the click of a button. The most recent launch of Atlas makes Stripe convenient for international entrepreneurs.
PayPal is one of the oldest payment methods that has stood the test of time since its launch. It accepts payment types such as credit and debit cards. The PayPal wallet allows people to carry their balances and make purchases without accessing their credit card details.
Amazon is one of the giant companies in the online shopping market. The company launched Amazon payment in 2007 to access payment methods in other sites. That means, if your client has an Amazon account, their payment and delivery details will be reflected on your site at the click of a button. A single transaction may attract charges between 2.9% plus $0.30, without a contract.
Google Pay is one of the fastest and simplest ways to conduct online and in-store transactions. You don’t need to disclose your payment information thanks to the encryption measures it has taken. Google’s mobile wallet service has slowly been replaced by Google Pay Send, a peer to peer feature complete with Google pay service. All you need is the person’s email address or phone number to complete the transaction.
Most people that have used WePay as a payment method can attest the fact that it is an anti-PayPal online solution. With world-class live customer experience, the system can easily detect fraudulent activities within a short time. Its features will brighten the user’s experience on your website with a personalized check out page. Anyone can open a WePay account since it charges no application or monthly fee. Transactions may attract flat rate charges between 2.9% plus an additional $0.30 per order.
This is not an exhaustive list of the best m-commerce payment apps, but it can give you the information you need concerning the companies you need to choose. Now that various online mobile payment systems have been introduced, you will have an easier time interacting with your client without making physical contacts.
Knowing what your customer needs are one of the key elements you should consider when choosing a specific payment system. Before you make a choice, always ensure you have explored all the pros and cons of each payment method to avoid regretting in the future. You can choose to go for Stripe because of its simplicity, the versatile Braintree or the old PayPal. Your main goal is to boost your conversion rates at the end of it all.