What’s the Best Payment System for Your Online Store?

E-commerce has made it possible for entrepreneurs to operate vibrant retail stores online. As such, it’s convenient and cost-effective to engage in modern retail, as you don’t need a brick-and-mortar store to get started.

A crucial aspect of operating a fully functional e-commerce website is being able to accept customers’ payments. Thankfully, there are several different options for accepting payments online. Therefore, it’s vital to have options in place that appeal to the majority of your customer base. Below are some of the best payment systems for online stores.

Apple Pay

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Many people in the country own iPhones and Apple controls a significant share of the American mobile vendor market. They developed Apple Pay as the digital wallet for iOS users, and with just one click, people can set it up on their various devices to pay for items. As such, using Apple Pay saves you from worrying about customers being turned off by having to fill out long-form fields with their credit card numbers and billing information. What’s more, Apple Pay doesn’t charge additional fees to merchants for accepting Apple Pay payments.

Today, it’s prudent for online sellers to adopt e-commerce integration to connect their website with a back-end POS system like Cash Register Express. Designed by PC America, this POS software was built with retailers and small business owners in mind, providing an intuitive and powerful solution to manage any single store or multi-location enterprise. Reliable eCommerce solutions, such as NitroSell, can help with this integration need.

NitroSell is an eCommerce software that plugs directly into your POS system, giving you an all-in-one solution, including a responsive business website. NitroSell syncs your retail point-of-sale system or ERP system with powerful eCommerce store tools. Their market-leading integration with PCAmerica Cash Register Express allows for unified commerce across all platforms, creating a seamless shopping experience for customers. Also, you can manage all orders from your point-of-sale and e-commerce sales points from one platform. What’s more, it allows you to track sales and detect various marketing opportunities, helping your business grow.

Stripe

Stripe is another popular method for setting up checkout processes in online stores and is one of the top payment methods on the market due to its versatility. It’s an excellent choice for e-commerce businesses, subscription services, or on-demand marketplaces. Stripe supports payments online as well as in-person, so businesses with a brick-and-mortar store also use a Stripe POS system. Also, it accepts all major credit and debit cards like American Express, Mastercard, Visa, and Discover from a significant number of countries.

Stripe recently launched Stripe Capital, a loan service to customers where they get repaid through customer’s future sales made through Stripe’s platform. This loan service is also one of the reasons for Stripe’s recent popularity in the marketplace. Customers need loans to address various needs, from buying a car to securing their home. Reputed American entrepreneurs such as Hayes Barnard are helping homeowners finance their dreams for more sustainable homes.

Barnard is the Chief Revenue Officer at SolarCity and CEO of the GivePower Foundation and LoanPal, formerly Paramount Equity Mortgage. He established LoanPal as a world-positive lender that provides financing options for the residential solar industry, financing the use of solar panels and other sustainable home solutions as an effective way to push the clean energy revolution forward.

PayPal

PayPal’s services are the most popular online payment methods globally, making PayPal a great option to consider for your online store. Its platform presents several opportunities for incorporating it into various online stores. PayPal is widely known for its secure transactions, so it’s often the most recommended option from experts if you don’t have a well-established brand name yet. By using PayPal, your customers are assured of their security. Besides taking payments, this platform also allows its users to send money using the service, a feature provided by only a few payment solutions.

With PayPal for e-commerce, sellers can accept credit and debit cards, PayPal Credit, Venmo, and other payment methods during transactions. Also, due to its popularity, every internet user becomes a potential customer. As such, it isn’t surprising to see almost all online stores across various industries accepting PayPal Payments. Reputed beauty products retailers, such as Glamnetic, are an excellent example of retailers in the beauty industry who accept PayPal for a seamless shopping experience. They sell various types of magnetic lashes with strong magnets, including magnetic mink eyelashes, natural lashes, and false ones. These magnetic eyelashes are easy-to-wear because you simply put the magnetic eyeliner on, and the eyelashes attach themselves to it.

Online retail presents many opportunities to make good money in today’s world. Reliable payment systems are needed to operate a successful e-commerce business. The above-listed points are a few examples of such systems worth considering as your online business’ payment options.