Running an eCommerce site can be an incredibly rewarding experience. However, before your site can become the next big thing, you need to get the best payment processor. Selecting the right payment processor saves you money and builds trust in your store with your customers. This article will look at three of the most popular payment processors for eCommerce sites, Pay Pal, Moneris, and Stripe.
Pay Pal eCommerce Payment Processing
Pay Pal is one of the most popular payment processors for eCommerce merchants. eCommerce stores can enhance the customer’s perception of their safety and security just by using Pay Pal. Moreover, lots of people already have Pay Pal accounts, so this makes it easy for them to pay their bills online. Finally, studies have shown that websites that use Pay Pal as a payment processor have an 82% higher conversion rate than other payment processors.
Moneris eCommerce Payment Processing
Moneris is an increasingly popular option for payment processing with websites and brick-and-mortar stores. They’re also very popular in the not-for-profit sector. Moneris makes it easy to get your money. They are the most used payment processor in Canada and handle more than 3 billion transactions every year. Moneris allows your site to accept all major credit cards and has reasonable payment processing fees.
Stripe eCommerce Payment Processing
Stripe is increasingly popular with eCommerce operations that also have a physical element. That’s because Stripe has great deals on card and chip readers, along with some of the lowest processing fees on the market. Stripe works with all major credit cards and includes several bonus features. Some examples include customer loyalty rewards programs and customer analytics to help your business perform at its best.
As you can see, there are several great options when it comes to selecting a payment processor for your eCommerce business. Make sure that you look at everything each payment processor offers to get the best option. After all, processing fees aren’t everything. Tools like analytics and rewards programs can make the difference between a business coasting and a business growing. Carefully review the pros and cons of each option to find the best choice for your eCommerce business.