17 BEST ONLINE PAYMENT PROCESSORS MOST COMMONLY USED ON INTERNET

In running the Internet business has been known for a term called Online Payment Processor. Generally, this is a company (often a third party) appointed by a person or a merchant to handle credit card to be used for financial transactions. Payment Processor can be referred to as an online payment tool or Online bank account. If no Payment Processor, the business on the internet will not run. Payment Pocessor commonly referred to as Payment Gateway.

Online payment processor is indeed a solution to receive and send money online is quite beneficial and is also required for those who are involved in the world of work in the Internet and rely on the Internet as a medium for marketing and trade. Along with the growth of Internet technology, a lot of trade, advertising, and business on the Internet. This is probably so called the business revolution.

Online payment processors are also the means required to be owned by Internet users who want to perform financial transactions either sending or receiving funds. For local financial transactions this may just simply by using a local bank account or local internet banking. But for international financial transactions, then we need a global payment service site.

WHAT IS ONLINE PAYMENT PROCESSOR ?

Then what is the online payment processor ? That means to save money and make financial transactions online. In simple like this, you save money on one of the websites payment processor through an intermediary bank account physically closest to your home, and the money collected there can be withdrawn or it could be done for online payment. In general, the balance in the account payment processor written in dollars (USD) or Euros (EUR) so that the owner of the account payment processor, takes exchanger or a money changer online to make withdrawals and deposits.

PAYMENT PROCESSOR FUNCTIONS

Payment processor has the same functionality as the banks in general. The functions include:

• Payments or purchase goods and services online.
• Receive payments and withdraw money into your bank account.
• Used as an online bank that can be used to hold the balance and can be withdrawn at any time.
• Make it easier for Internet users who want to make a financial transaction which in fact came from various countries in the world.

There are two things that must be prepared before registration on the payment processor's website. First, you must have a local bank account in your country. This bank account will also function to verify your "online payment processor" account and can also be used to fill the balance or withdraw the money. Secondly you need to have an online bank account (on payment processor websites). After you register and have an account on one of the Payment Processors, then you can fill up balance on the Payment Processor account (either through the seller balances, revenue of online business, etc.). Balance can be used for shopping / payment and also withdrawn into your local bank account.

LIST OF ONLINE PAYMENT PROCESSOR PROVIDERS

Currently, there are many online payment processor websites in the internet that can be used free and easy. Most payment processors have official regulations and officially registered, so it has a high level of confidence. There are also several payment processor that is very well known by many Internet users.

1. ONLINE PAYMENT PROCESSOR - PAYPAL

Paypal was founded in 2000 and became popular in the world since 2003. Paypal is owned by eBay and is used for eCommerce transactions. For credibility and security arguably very nice. Official Paypal is also regulated in USA, and has a lot of merchants who accept payment by Paypal. To become a verified user, you must have a Visa or Mastercard credit / debit card to be connected into your Paypal account.

2. ONLINE PAYMENT PROCESSOR - PAYZA

Payza (formerly known as Alertpay) is an Online Payment Processor which is widely used now. It has been established since 2004 in Canada and also has offices in Asia precisely in India. As E-Currency Payza growing and widely used by internet users around the world. Having users in nearly 190 countries, 22 currencies, and local banks in 44 countries. Payza also regulated official of "Transactions and Reports Analysis Centre of Canada" (FinTRAC / Canada), (FinCEN), (FSA / Sweden). To become a Payza verified member, you are required to upload the identity card and home address information (proof of address) which issued by the government.

3. ONLINE PAYMENT PROCESSOR - PAYONEER (FROM MASTERCARD)

Payoneer is an online payment processor based in New York City, United States. Payoneer has been established since 2005 and is listed in the Member Service Provider (MSP) of MasterCard ®.By using the services of Payoneer we can do financial transactions easier and simpler on internet. It is certainly very easy for you who want to have a US bank account for International financial transactions or doing business on the Internet. Payoneer also provides a free "Payoneer Prepaid Debit MasterCard Card". It can be used for withdraw cash through ATMs with the MasterCard logo.

4. ONLINE PAYMENT PROCESSOR - SKRILL (MONEYBOOKERS)

Skrill (before Moneybookers) is a payment processor based in the UK and regulated under the FSA. Moneybookers Ltd. London Registered in England and Wales No. 4260907. Registered Office: Welken House, 10-11 Charterhouse Square, London, EC1M 6EH, United Kingdom. Authorised by FSA (Financial Services Authority) under the Electronic Money Regulations 2011 for the issuance of electronic money. With Neteller and PayPal, Skrill included in the top ranks of eCurrency which operates in USA & UK.

5. ONLINE PAYMENT PROCESSOR - NETELLER

Neteller based in America, is almost as old or senior with PayPal, is quite popular in the World. Average only used by Americans, so Neteller less popular outside of America.

6. ONLINE PAYMENT PROCESSOR - SAMURAI FEEFIGHTERS

FeeFighters is a good Payment Processor website that allows for the merchants. Samurai is a direct competitor of Braintree and other Payment Gateway. Samurai put up the cost of $ 25/month and charges $ 0.30/transaction.

7. ONLINE PAYMENT PROCESSOR - AMAZON PAYMENTS

Amazon Payment owned by Amazon "E-Commerce" Inc. With Amazon Payment, users can receive money by leveraging the API and send the money via ACH. The cost of 2.9% + $ 0.30 per transaction for payment of more than $ 10 (the percentage decreases for larger transactions). The cost of 5.0% + $ 0.05 per transaction applies for payments under $ 10.

8. ONLINE PAYMENT PROCESSOR - WEPAY

WePay allows merchants to accept credit cards and also allows to make payments to an online bank account. They focus more onindividual users, and thus they have added an e-store page to their website that allows their customers to easily take in payments (such as event tickets, products, donations, etc.) through their service. Wepay take a transaction fee of 3.5% ($ 0.50 minimum) for credit card transactions and $ 0.50 for bank payments. They do not charge for the new account registration or monthly fees.

9. ONLINE PAYMENT PROCESSOR - SQUARE INC

Square Inc. is a financial services company, merchant services aggregator and mobile payment based in San Francisco, California.

10. ONLINE PAYMENT PROCESSOR - V.ME (FROM VISA)

A new online payment system from Visa is designed to make online shopping easier. V.me service allows users to enter all their personal details and card information, then simply enter your username and password to make payments to millions of online merchants. This service also supports multiple debit or credit card.

11. ONLINE PAYMENT PROCESSOR - GOOGLE WALLET

Google, the biggest search engine company headquartered in the United States has set up a Payment System called Google Wallet. Google Wallet is an Android app that is used as a means of payment and stored in the Android smartphones. This application can store credit cards, gift cards, loyalty cards, and other things that can be used to make any payment using Google Wallet facility. For now, Google Wallet will only support credit card from Citibank, MasterCard, and Google Prepaid Card. But later, this service will be open to all card payments.

12. ONLINE PAYMENT PROCESSOR - BRAINTREE

Braintree is quite famous and works with popular startups technology like Airbnb and LivingSocial. They take $ 35/month, (with a minimum $ 75 monthly). Transaction fees starting from 2.29% + $ 0.30/transaction for conditional cards.

13. ONLINE PAYMENT PROCESSOR - AUTHORIZE.NET

Authorize.net is a popular payment gateway and used by more than 300,000 merchants. Using  E-commerce platform like Magento, Volusion and X-Cart. To start using it, Authorized.Net set costs $ 99, while the cost per month is $ 10 and they took the $ 0.25/transaction.

14. ONLINE PAYMENT PROCESSOR - 2CHECKOUT

2Checkout is quite unique, because it combines a merchant account and payment gateway, so it lets you accept credit card payments and PayPal payments as well. The cost is 3.99% (May 1, 2012). They charge $ 0.45 transaction and $ 10.99 for a monthly service fee.

15. ONLINE PAYMENT PROCESSOR - DWOLLA

Dwolla is similar to PayPal, transactions are processed more than $ 1 million/day. They do not charge anything for transactions less than $ 10 but they charge $ 0.25/transaction for transactions over $ 10.

16. ONLINE PAYMENT PROCESSOR - STRIPE

Stripe allows web developers to integrate payment systems in their projects. Stripe does not charge a monthly fee, but they will charge 2.9% + $ 0.30/transaction.

17. ONLINE PAYMENT PROCESSOR - SERVE

Serve is an Online Payment Processor that issued by American Express.

This is 17 list Online Payment processors are often used in the world. To become a verified user at a payment processor, usually you will be asked to upload your ID card, or by connecting Credit Card / your local bank account. In addition to the above payment processors, there are some other payment method that is often used. Such as Western Union, Credit Card, and Wire Transfer / Bank Wire. What kind of payment processor you normally use ? Or you have another opinion ?