11 Best Online Payment Methods for Businesses (2024)

Online payment solutions are essential for just about any type of business. Booking and making payments online is convenient for many consumers, so it’s important to make sure your business is keeping up.

11 Best Online Payment Methods for Businesses (1)

Small businesses, startups, and even massive corporations can all benefit by offering online payments to consumers, but how can you securely accept different forms of payments? For global businesses, what if you need to accept multiple currencies?

The solution is to find a trusted, reliable online payment method platform that makes the customer experience seamless while giving you more control over and insight into your income.

What are online payment methods?

Online payment methods are platforms that allow you to collect money from clients for their purchases online rather than in person or by phone.

For many online businesses, payments can be accepted from credit cards, debit cards, or a direct connection to one’s bank account.

Benefits of Online Payments

Taking payments online can help you reach a wider audience, and many online payment methods will also offer data analysis to give you a better idea of what your consumers are most interested in from your business. Online payments can also offer a layer of security for consumers and businesses alike.

Many online payment solutions will offer post-payment workflows, so your business will automatically send emails to follow-up with clients after their purchases. These methods will keep payments together in one spot, which is easier to manage than stacks and files of receipts in an office.

There are many online payment solutions for business owners these days, but you’ll want to work with ones that fit your business needs. Plus, you should consider options that can scale as your business grows and methods that offer security and great customer service.

Best Online Payment Methods

  1. DepositFix
  2. Stripe
  3. One Page Pay
  4. Square
  5. Checkout HQ
  6. Collect
  7. Authorize.net
  8. PayPal
  9. Apple Pay
  10. Intuit GoPayment

1. DepositFix

DepositFix makes it easy to integrate other business resources, including HubSpot forms, Stripe, and PayPal. That means you can seamlessly accept payments through HubSpot forms, and the payment information will send directly to your business’ Stripe or PayPal accounts. This technology allows you to create workflows following customers’ payments, so they’ll automatically receive follow-up emails, receipts, upsells, or requests for product or service reviews after their purchases.

DepositFix works best for businesses that sell digital products or services. It also allows you to collect donations or send invoices. It offers top-notch security for peace of mind for you and your clients. If you need to get in touch, this platform offers a Help Library for self-service, or you can reach customer service via phone or email.

In one case study, The Ceramic Tile Education Foundation was able to move from offline, over-the-phone payments to a more secure, streamlined system online thanks to DepositFix. Online payments went from about 10% to over 53% and are still growing after the company implemented the online payment solutions from DepositFix.

2. Stripe

A great payment method for small businesses and large corporations alike, Stripe offers payment processing services for businesses. This comprehensive platform allows both online and in-person businesses to accept payments digitally, all while preventing fraud with its Radar protection. Stripe integrates with popular online shopping systems like WooCommerce and Shopify.

Stripe is popular globally, and it supports over 135 currencies and payment methods. It’s easy to start using, too; you can have it ready to go for your business in about 10 minutes. In addition to robust documentation, you can get 24/7 support from their customer service team.

Slack, a major communication platform for businesses, uses Stripe in 15 countries for payments. Even when it saw a surge in use during the pandemic, Stripe offered 100% uptime and boosted company earnings globally by optimizing online payments.

3. One Page Pay

One Page Pay works with several different CRMs, including HubSpot, as well as different payment platforms like Stripe, PayPal, Take Payments, and GoCardless. It creates a dedicated payment form page and sends sale details straight to email or your CRM. This platform offers bank-level security for your consumers’ data, and you can set up your first payment form in under five minutes.

Choose from a single or two-column form, or work with One Page Pay to create a custom payment form that suits your exact needs. You can generate reports based on the transactions, and because this service integrates with HubSpot, it will automatically follow up with consumers with things like surveys or digital product delivery after their purchases.

4. Square

Square is a popular payment solution and one of the best online payment methods for small businesses. Whether you want to offer appointments, sell physical or digital products, or run a restaurant that takes orders online, Square has you covered. You can send invoices and/or collect payments all from this platform, and it even offers a free eCommerce service to help you get your business up and running.

Square offers everything from hardware for brick-and-mortar retailers to e-gift cards and a dashboard with analytics to track your success. With Square, you can also manage your payroll — from inputting time cards to automatically paying employees — and open a Square checking account without fees for your business. With its online payment solution, you can also easily add shopping cart buttons, purchase links, and QR codes to help direct clients to your products and services.

5. Checkout HQ

Imagine being able to create a searchable database of your products, create personalized payment and quote forms, and access attribution reports to see how your marketing efforts impact revenue. This is all the reality with Checkout HQ, which integrates with HubSpot to make online payments a breeze.

The platform automatically works with your current HubSpot theme, so it’ll fit into your brand right out of the box. It also integrates with Stripe for payments, and you can customize the checkout experience to boost the customer experience.

6. Collect

Start accepting credit card payments online with Collect, which will work right on your HubSpot pages rather than sending clients to a different window. It’s easy to install, requiring no coding knowledge to set it up, and it makes the client experience seamless from the time they visit your site to when they make the purchase.

Take secure payments right on your website, plus add pricing tables, buy buttons, and payment forms. You can even allow customers to make one-time purchases or subscribe to your products or services.

Collect currently integrates with Stripe but also plans to work with other payment services in the future. There’s no per-transaction fee, so you simply pay for the Collect subscription without the added cost for every sale.

7. Authorize.net

Authorize.net has been in the online payments game since 1996, and it’s trusted by nearly 450,000 merchants. The service helps businesses handle over $149 billion in payments each year.

This platform allows your business to collect money via credit card, contactless payment, and even electronic checks to better suit your customers’ needs. Authorize.net handles everything from authorizing, capturing, and settling payments securely.

8. PayPal

PayPal has rapidly become one of the top online payment methods, with the platform seeing an annual payment volume of over $930 billion in 2020. Consumers can pay you via their credit or debit cards, their PayPal balance, or their bank accounts. The platform allows customers to pay quickly with one click, and its innovative Store Cash feature helps convert users that have abandoned their carts into sales.

PayPal integrates with many major eCommerce platforms, so it can work with your existing systems. You can also add shopping cart, buy now, or donate buttons easily, or work with PayPal to create a more robust and custom online payment solution.

9. Intuit

Intuit offers a suite of tools for businesses, including flexible payment solutions for companies that want to accept online payments. You can offer credit cards, debit cards, eCheck, or ACH payments both online and in-person, making payments convenient for clients.

The scheduling tool allows you to schedule automatic, recurring invoices, and the payments are integrated with your Quickbooks account for seamless bookkeeping, quick deposits, receipt capture and organization, bill pay, income, and expense tracking, and more.

10. Dwolla

Dwolla is an online payment solution that is scalable, so you can rely on it to accept payments as your business grows. You can tailor the payment platform to suit your business’ needs and match your branding, and it offers excellent security for sensitive data.

You can send or receive funds, perfect if you need to pay contractors or if you want to receive consumer payments. Payment methods for Dwolla include ACH, balance-to-balance between Dwolla users, real-time payments, push-to-debit, or wire transfers.

11. FormPay

With FormPay, you can collect payments directly into your HubSpot CRM using HubSpot forms, links, and quotes.

With this payment app, you can convert your native HubSpot forms into payment forms and embed them on your website pages or share their URL to accept payment through them. The app comes with 5 popular payment gateways that are Stripe, PayPal, Amazon Pay, Adyen, and Razorpay. With FormPay, you can accept payments anywhere in the world using your existing HubSpot forms.

On top of that, with this app, you can create dedicated donation forms and product-oriented forms, and also share discount coupons to increase purchases. The app also offers multiple custom properties where you can save your payment-related data and segment and automate it using HubSpot.

Boost Sales By Offering Online Payment Solutions

Offering online payments for consumers makes the shopping experience easier than ever. Plus, when your online payment solution offers extra benefits like automated follow-up emails or scheduled invoicing, you can further boost profits and customer satisfaction.

There are many online payment solutions out there, so find one with robust features that fit your needs, fees that work into your budget, and security and support to give you and your clients peace of mind.

Topics: Ecommerce Marketing

As an expert in online payment solutions and e-commerce, I have extensive knowledge of various platforms and methods used in the industry. My expertise is grounded in firsthand experience and a deep understanding of the concepts involved. I've been closely following the evolution of online payment technologies and have witnessed their impact on businesses of all sizes.

The article discusses the importance of online payment solutions for businesses and highlights the benefits they bring, such as convenience, wider audience reach, and enhanced data analysis capabilities. It emphasizes the need for secure acceptance of various forms of payments, especially for global businesses dealing with multiple currencies.

Now, let's delve into the specific online payment methods mentioned in the article:

1. DepositFix:

  • Functionality: Integrates with HubSpot forms, Stripe, and PayPal.
  • Use Cases: Ideal for businesses selling digital products or services, collecting donations, and sending invoices.
  • Security: Offers top-notch security.
  • Case Study: The Ceramic Tile Education Foundation saw a significant increase in online payments after implementing DepositFix.

2. Stripe:

  • Scope: Suitable for small businesses and large corporations.
  • Features: Comprehensive payment processing services, supports over 135 currencies, and integrates with popular online shopping systems.
  • Fraud Prevention: Utilizes Radar protection to prevent fraud.
  • Global Usage: Used by Slack in 15 countries with 100% uptime during the surge in usage.

3. One Page Pay:

  • Integration: Works with various CRMs and payment platforms, including HubSpot, Stripe, PayPal, Take Payments, and GoCardless.
  • Ease of Use: Creates dedicated payment forms with bank-level security in under five minutes.
  • Follow-up: Integrates with HubSpot for automated follow-ups and surveys after purchases.

4. Square:

  • Versatility: Suitable for businesses offering appointments, selling physical or digital products, and running online orders for restaurants.
  • Additional Services: Offers free eCommerce service, hardware for retailers, and analytics dashboard for tracking success.
  • Payment Forms: Easily adds shopping cart buttons, purchase links, and QR codes.

5. Checkout HQ:

  • Integration: Works seamlessly with HubSpot, creating a searchable database of products and personalized payment forms.
  • Customization: Integrates with Stripe for payments, and allows customization of the checkout experience.

6. Collect:

  • Integration: Works directly on HubSpot pages, providing a seamless client experience.
  • Setup: Requires no coding knowledge for installation.
  • Subscription Model: No per-transaction fee; pay for the Collect subscription without additional costs for every sale.
  • Future Plans: Plans to work with other payment services.

7. Authorize.net:

  • Experience: In the online payments industry since 1996, trusted by nearly 450,000 merchants.
  • Payment Handling: Manages credit card, contactless payment, and electronic checks securely.

8. PayPal:

  • Volume: Processed over $930 billion in payments in 2020.
  • Versatility: Allows payments via credit or debit cards, PayPal balance, or bank accounts.
  • Integration: Integrates with major eCommerce platforms.

9. Intuit:

  • Suite of Tools: Offers a suite of tools for businesses, including flexible payment solutions.
  • Convenience: Accepts credit cards, debit cards, eCheck, or ACH payments online and in-person.

10. Dwolla:

  • Scalability: Scalable payment solution suitable for businesses of varying sizes.
  • Security: Offers excellent security for sensitive data.
  • Payment Methods: Supports ACH, balance-to-balance transfers, real-time payments, push-to-debit, and wire transfers.

11. FormPay:

  • HubSpot Integration: Allows collecting payments directly into HubSpot CRM using HubSpot forms, links, and quotes.
  • Payment Gateways: Supports popular gateways such as Stripe, PayPal, Amazon Pay, Adyen, and Razorpay.
  • Customization: Offers multiple custom properties for segmenting and automating payment-related data.

In conclusion, the array of online payment solutions mentioned in the article provides businesses with diverse options to meet their specific needs, from security and ease of use to integration with existing systems. It's crucial for businesses to choose a platform that aligns with their requirements, growth plans, and offers robust security features for both the business and its customers.

11 Best Online Payment Methods for Businesses (2024)


Which payment method is best for online business? ›

Our picks for the best payment gateways
  • Stripe: Best overall payment gateway.
  • Adyen: Best omnichannel option.
  • Helcim: Best interchange-plus pricing for businesses of all sizes.
  • PayPal Payflow: Best for payment processor integrations.
  • Square: Best if you also have a storefront.

Which method is best for online payment? ›

Top 4 Secure Online Payment Methods
  • Credit Cards. Credit cards are widely used for online payments due to their convenience and strong security measures. ...
  • Debit Cards. Debit cards offer the convenience of card payments without the need for credit. ...
  • ACH & SWIFT transfers. ...
  • Digital Wallets.
Nov 12, 2023

Which is the best online payment system? ›

Best Online Payment Gateways in India 2024
  • PayU.
  • Instamojo.
  • CCAvenue.
  • Bill Desk.
  • JusPay.
  • Airpay.
  • Cashfree Payments.
  • Zaakpay.

What is the most used online payment system? ›

PayPal is the world's most widely used payment acquirer, processing over 22,3 billion payments in 2022. More than 30 million merchants and 400 million active customers use PayPal. Payments are made using a user's existing account or with a credit card.

What payment method is best for small businesses? ›

Direct Debit

As with credit cards or cash payment methods, Direct Debit also enables one-off payments, and you'll avoid the high transaction fees and high payment failure rates that come with accepting credit card payments.

How do small businesses take payments online? ›

PayPal and Stripe are the most popular payment service providers, though you might also use the processor built into Shopify or WooCommerce if you run an e-commerce business through one of those platforms.

Which payment method is most successful? ›

Cards are still the most-used payment method, with American Express, Mastercard, Visa as large global card schemes. Even though they're recognized globally, other payment methods like online banking, direct debit, digital wallets, or Buy Now Pay Later (BNPL) are more common elsewhere.

What is the most popular online payment method in the United States? ›

"Debit card" and "Credit card" are the top two answers among U.S. consumers in our survey on the subject of "Most common online payments by type". Find this and more survey data on most common online payments by type in our Consumer Insights tool.

Which is the fastest payment method? ›

Consequently , RTGS payments happen faster, as the amount is reflected in the payee's account within 30 minutes of initiation of payment at the remitter's end. On the other hand, NEFT fulfilment is reflected within 2 hours. Secondly, the RTGS system has a minimum threshold amount of 2 lakhs.

What is PayPal's biggest competitor? ›

Top Competitors and Alternatives of PayPal

The top three of PayPal's competitors in the Payment Management category are Stripe with 37.65%, Authorize.net with 5.38%, Square Point of Sale with 4.08% market share.

What is the safest form of payment when selling online? ›

Safest online payment methods
  • Virtual credit cards. ...
  • Digital wallets. ...
  • Prepaid cards. ...
  • ACH payments. ...
  • Cryptocurrency.
Sep 7, 2023

What is the safest way to receive money when selling online? ›

What is the safest way to accept payment? Besides cash, a certified check is the safest way you can receive a payment to your business.

What is the safest payment method for online shopping? ›

Generally, these are the best methods for secure online payments:
  • PayPal. Safe and secure.
  • Credit card. Well protected against fraudulent transactions.
  • Debit card. Great for controlling your spending.
  • Prepaid card. Provides a certain level of privacy.
  • Digital wallets. ...
  • Mobile payment apps. ...
  • Cryptocurrencies.
Jul 6, 2023

What is the safest payment method for online transactions? ›

These are the safest payment methods
  • Credit cards. Credit cards remain one of the safest options for online purchases. ...
  • PayPal. For peer-to-peer transactions or when shopping on sites that accept it, PayPal is a wise choice. ...
  • Apple Pay/Google Pay. ...
  • Gift cards.
Oct 18, 2023

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