11 Popular Payment Processors for Ecommerce Businesses

Need some payment processors for your new ecommerce website or looking to increase sales by expanding your payment processors? The last thing you want is for your customer to abandon his cart because he doesn’t have a way to pay for the goods or services he wants. While many customers who shop online have heard of Paypal, not everyone wants to use it.

Paypal has a very rough past, and this history alone is enough to discourage some people away. But not all customers want to manually type in their credit card and other information every time. That’s why expanding the types of payments you accept is so important. Customers want convenience, and accepting just Paypal can easily lose you a sale.

We’ll go over some common payment processors in this article, and we’ll look at some that you may want to consider integrating into your website or retail business. Learn more about popular turnkey ecommerce solutions if you want to start your own store today. Or use one of these completely free ecommerce stores to get started now.

If you’re looking for a payment gateway or solution that will give your customers the ability to pay in monthly installments, we have that covered too! Boost your sales and reduce your cart abandonment rate by giving your customers the ability to pay in installments.


Adyen is a payment processor best known for its enterprise clients like Netflix, Etsy, and soon, eBay. It offers online payment options and point of sale systems for brick and mortar stores.

Fees for Adyen start at 12¢ + a variable payment method fee depending on the payment type. For ACH direct debit, that’s 12¢ + an additional 25¢ per transaction. If customers are paying with Visa, then it’s 12¢ + the Interchange++ fee (bank, Visa, and then acquirer fees).

Amazon Pay

Amazon Pay is becoming an increasingly popular solution for many ecommerce businesses. Customers trust the name, and almost everyone who buys something online today has an Amazon account. This makes checkout faster and more convenient for most customers. Amazon Pay fees are 2.9% + 30¢ per transaction.

Amazon Pay also integrates with a lot of popular shopping carts and websites like BigCommerce, Magento, and Shopify.


This payment processor has been around since 1996. It offers multiple solutions for ecommerce, point of sale, and mobile payments. Authorize.Net also accepts phone payments for customers who aren’t comfortable paying online. Some of your older customers may appreciate having this payment method.

Fees are standard at 2.9% + 30¢ per transaction. However, there is a monthly gateway fee of $25 for their All-in-One subscription plan.


Interested in accepting cryptocurrency payments? Then Bitpay is one of the more popular solutions for businesses who want to accept Bitcoin. Bitpay does instant cryptocurrency (BTC) to fiat so that you won’t have to worry about extreme price fluctuations. You’ll get whatever Bitcoin is worth at the time of purchase.

Bitpay has several popular integrations like Shopify and 3DCart, and it develops and maintains plugins like Magento and WooCommerce.

The best part is that the fees are only 1% of the settlement, and there are daily settlements in 8 currencies.


Braintree accepts a lot of different payment types from customers. A few of these include Apple Pay, Google Pay, Android Pay, and Venmo. Paypal is also included, so you’ll be able to accept customers who still want to pay with Paypal.

Braintree’s fees are the standard at 2.9% + 30¢ per transaction.


Dwolla is a little different from other payment processors in that it connects and instantly verifies bank accounts. The difference between Dwolla and other payment processors is that it allows businesses and users to quickly connect to the US banking system. This means that micropayments have lower fees, and the same or next day deposits make Dwolla a very attractive option.

There are three subscription plans, with the most basic one starting at $0 per month and 0.5% per transaction. There’s a waitlist for this plan now. Their Scale plan starts at $2,000 per month while their Enterprise plan has custom pricing.


By now, almost anyone who shops online has heard of Paypal. It was one of the first online payment processors in the early 2000s, and even now it boasts over 227 million active customers. You can open a merchant account and accept credit cards, Paypal, Paypal credit, and Apple Pay. Paypal’s Merchant Services account takes 2.7% per swipe for mobile and in-store purchases and 2.9% + 30¢ for online transactions.

Paypal has a broad range of integrations, including mobile card readers, point-of-sale payments, and customized email links for payments.

An additional bonus is access to Paypal’s business loans.

QuickBooks Payments

If you use QuickBooks, then you may want to consider QuickBooks Payments. QuickBooks Payments has options for QuickBooks Online and QuickBooks Desktop. For the Online subscription, the only fees are 2.9% + 30¢ per transaction. Desktop users have a free pay-as-you-go option at 2.4% + 30¢ per transaction or a monthly subscription of $20 with 1.6% + 30¢ per transaction.


A lot of ecommerce stores are now running on Shopify. It’s easy to use, and its turnkey solution and numerous integrations mean that someone can set up a store very quickly. The basic Shopify subscription is $29 per month and the standard 2.9% + 30¢ per transaction fee.


Square is a popular choice for small businesses because of its lower fees. Businesses can use a Square card reader that integrates with phones, a free POS app, or even Square’s register.

Fees are also lower at 2.75% or 2.5% + 10¢ if you’re using the fully integrated Square Register. There are no other hidden fees and many businesses like the quick deposits. In some cases, deposits may be instant, allowing businesses to be more flexible with their expenses.


Stripe is a very popular payment processor for business owners who are more tech-savvy. Marketed toward developers, Stripe’s platform is very flexible. Its APIs allows you to develop your own custom checkout while still maintaining compliance. So it should be no surprise to learn that Stripe has numerous integrations that other payment processors may not have.

Stripe’s fees are 2.9% + 30¢ per transaction with no other fees.

One mistake a lot of new businesses make is that they don’t make paying easy for customers. Some small mom-and-pop brick and mortar stores can be guilty of this: they’ll only accept cash. Even if those businesses have a good product, they’re still driving away some customers who don’t want to bother with going to the ATM.

By giving your customers multiple payment options and being flexible, you’re making it easier for them to shop online. Any obstacle you introduce to the purchasing process will only alienate your customers. Requiring them to create accounts, having super complex password requirements, or having them go through the entire checkout process only to tell them you accept Paypal is bad business practice.