While debit and credit cards are still the most popular and most used payment methods for customers across the globe, popular payment processors are also getting there in terms of usage. Today, quite a few different payment processors operate. Some of these are more popular than others, but most of them work the same.
Essentially, a payment processor manages debit and credit card transactions. Payment processors are actually mediators between the financial or banking institution and the merchant. A payment processor is also responsible for authorizing credit and debit card transactions, as well as making sure that everything goes as expected. Payment processors also make sure that merchants receive funds on time as they facilitate the transfer.
A number of renowned payment processors also offer top-notch equipment for security and safety solutions, card acceptance, PCI compliance assistance, and other services and products. This leads us to the main topic, and that is the most secure and fastest payment processor in operation today. The list includes PayPal, Authorize.Net, and Stripe.
PayPal
When it comes to online payments processing, PayPal is one of the most popular payment methods. It allows one to quickly and easily deposit money into your casino account for when you want to play online slots real money no deposit, or make other types of online transactions. PayPal is the preferred payment options of millions of businesses around the world across all types of industries.
PayPal is one of the most trusted services of this kind in the world. PayPal had over 426 million active users back in 2021, according to this report. The number of active PayPal accounts has grown massively. Back in 2010, PayPal was used by around 84 million people, while today, it has over 429 million users. PayPal supports quite a few different currencies as well, including the Canadian dollar, US dollar, Australian dollar, Brazilian real, Chinese Renminbi, Hong Kong dollar, Japanese yen, Danish krone, and numerous others.
Aside from being one of the safest payment processors in the world, PayPal is also very user-friendly. You can send money to family and friends in just several clicks. Sending money to friends and family via PayPal carries no commission fees. In addition, PayPal is one of the best options for business transactions.
Authorize.Net
Next, we have Authorize.Net. Authorize.Net was founded in 1996. The company is based in Foster City, the state of California. As of today, Authorize.Net is a part of Visa Inc. Just like PayPal, Authorize.Net is an online payment processor that allows merchants operating in different industries to accept credit and debit card payments through their sites. As of today, over 430,000 merchants accept payments via Authorize.Net, thanks to the processor’s ability to avoid the most common problems with online payments.
According to the company’s official reports, it manages around one billion transactions each year. Authorize.Net has been around for over two decades, so there is no wonder why it works with thousands of different merchants across the globe. In addition, using Authorite.Net is very easy to use, transactional commission fees are very low, and using the service for business purposes costs only $25 per month.
Stripe
Owned and operated by Stripe Inc., Stripe is yet another safe and fast payment processor that serves customers across the globe. The service has been around since 2009. Unlike the two other payment processors we discussed, Stripe is more focused on development and technology. Essentially, Stripe has a selection of tech-driven payment products and solutions that allow companies of all sizes to adapt Stripe to the needs and preferences of their customers.
Stripe also works with many e-commerce platforms, such as Shopify, BigCommerce, Wix, and WooCommerce. Stripe processes transactions in over one hundred different currencies, and using the service for business purposes is free. Instead, Stripe has a pay-as-you-go pricing system which seems to work very well.