online payment

Accepting mobile payments is often cheaper than traditional credit card processing. With the right equipment (such as a wireless credit card terminal with the right software), it's possible to avoid those 1-3 percent swipe fees.

Payoneer is one of the oldest global payment processing services. It is available in more than 200 countries and accepts 150 different currencies.

Processing fees aren't entirely absent in the mobile world, but given how competitive the mobile payment market is becoming, it's possible to shop around. Some providers don't even require contracts.

Receiving payments is free, and the platform includes a flexible API that grows with your business. Like PayPal, you can receive a plastic MasterCard if you aren’t ready to go 100 percent digital.

There are many competing mobile payment options out there, and some customers are reluctant to try new platforms once they've found a solution that works.

2Checkout is another trusted payment platform that allows users to accept credit cards, debit cards, and PayPal globally.

When you normally think of smartphone use, young adults and teenagers come to mind. Yet mobile payment adoption is higher among the 35 to 44 age bracket (29 percent) than among 25 to 34-year-olds (20 percent).

It’s available in 87 different languages, offers advanced fraud protection, integrates with hundreds of online shopping carts, and allows you to automatically bill customers with recurring billing.

If you have an NFC-ready terminal, you can capture a large chunk of the mobile payment pie. Plus, since many newer EMV readers also accept NFC transactions, it's possible to minimize your upgrade costs.

Contrary to popular belief, the Generation X crowd is arguably more profitable when it comes to using mobile payments than Millennials and Generation Z.

If you want to give customers peace of mind, then accept payments through Amazon. Whenever they make a purchase on your site, they automatically go through Amazon’s checkout.

To really make mobile payments work for you, you must have an online presence. More specifically, your site needs to be mobile-ready to tap into this huge pool of consumers who spend so much time in front of their tiny screens.

This means that they’ll use their Amazon credentials, which makes the checkout process more convenient and trustworthy.

Roughly 10 percent of Americans don’t carry paper money at all. According to the Federal Reserve, those who do hold cash usually have less than $20 in their wallets. By 2017, cash-based transactions will represent fewer than 25 percent of all in-store purchases.

Square changed the game when it introduced its magstripe reader, allowing business owners to swipe credit cards anywhere for a 2.75 percent transaction fee per swipe.

According to a Harris Poll, 63 percent of Americans believe mobile payments will replace plastic in the distant future, and 30 percent think the transition will happen in the next five years.

However, you can also send electronic invoices, and ultimately get paid, through the Square Cash App.

It’s unlikely that smartphones will ever completely replace traditional wallets (for the reasons listed here), but the writing is clearly on the wall. Mobile devices are quickly becoming the default when it comes to in-store shopping.

With this popular service, you can send or receive payments from anyone in the world in just a matter of minutes. It also has a cool and easy-to-use interface, offers a robust and unique security system, and provides dedicated support—and it’s free to sign up.

As a small-business owner, it's easy to feel overwhelmed by the countless mobile payment options out there. However, making the transition is not nearly as painful as you might think. When done correctly, you can dramatically boost conversions, reduce costs and increase profits.

What’s most interesting about Payza is that on top of receiving and withdrawing funds from a bank account and credit card, it also accepts bitcoin.

Skrill has become a popular alternative to PayPal thanks to features like instant withdrawals and deposits, low transaction fees, exclusive offers, the ability to accept from 40 currencies, and being able to send text messages directly from your account.

If you refer a friend, the company will put 10 percent of the fees they generate from paying or sending money into your Skrill account for an entire year.

Even though PayPal acquired Venmo, the fundamental principles are different between the two. PayPal is used for making simple transactions for either personal or professional purposes.

Venmo is used by individuals who consider themselves social spenders. In other words, it’s like a hybrid of PayPal and a social network like Facebook, since transactions are shared on an online feed. So whenever a friend pays back a friend, it’s shared publicly.