10 Excellent Online Payment Systems

In this article, we’ll be reviewing my top 10 online payment systems for accepting payments on the Web. While many of the companies on this list have been available to online merchants for years, many are also now getting into new areas of online payments such as social commerce and in-store online card reader systems.

A Quick Primer on Online Payment Systems

Before getting started, here are just a few things to know about online payment systems.

What follows are 10 excellent online payment systems.

1. Authorize.Net


Authorize.Net is the Internet’s most widely used payment gateway. With a user base of over 300,000 merchants, Authorize.Net has been the go-to method for e-commerce sites that need a gateway to accepting payments. Widely used e-commerce platforms such as Magento, Volusion and X-Cart are designed to accept payments using Authorize.Net easier.

Pricing: Authorize.Net has a $99 setup fee, costs $20 per month and takes a $0.10 per-transaction fee. Source: Authorize.Net pricing

2. PayPal


PayPal is the world’s most widely used payment acquirer, processing over $4 billion in payments in 2011. PayPal payments are made using a user’s existing account or with a credit card. Money can be sent directly to an email address, thus prompting the users to sign up for a new PayPal account. In addition to taking payments, PayPal also allows its users to send money through the service, which is a feature that only a few payment solutions provide.

Pricing: PayPal takes 2.9% + $0.30 per transaction and has no setup or monthly fees. Source: PayPal merchant fees

3. Google Checkout

Google Checkout

Google Checkout is Google’s answer to PayPal. Google Checkout allows users to pay for goods and services through an account connected to their Google profile. The major benefit that Google Checkout has over the competition is that millions of Internet users use Google for other services, making a purchase through Checkout a simpler process.

Pricing: Google Checkout fees start at 2.9% + $0.30 per transaction for sales less than $3,000. The percentage they take goes down depending on monthly sales volume. Source: Google Checkout fees

4. Amazon Payments

Amazon Payments

Amazon Payments allows its users to receive money using its API (and to send money out via ACH). Popular crowdfunding site Kickstarter uses Amazon Payments.

Pricing: Amazon Payments fees start at 2.9% + $0.30 per transaction for payments over $10 (the percentage they take is less for larger transactions). For payments under $10, the fee is 5.0% + $0.05 per transaction. Source: Amazon Payments fees

5. Dwolla


Dwolla is a direct competitor to PayPal. One of the newcomers in the third-party payments space, the company is processing over $1 million per day. Setting up Dwolla payments is similar to PayPal, although Dwolla doesn’t have the same name recognition as their competition.

Pricing: There are no fees for transactions less than $10. For transactions over $10, Dwolla charges $0.25 per transaction. Source: Dwolla fees

6. Stripe


Stripe provides an excellent payment solution for web developers who would like to integrate a payment system into their projects using Stripe’s robust API. By bypassing the traditional sign up process, Stripe acts as a merchant account for its providers, handling all PCI compliance and merchant approvals.

Pricing: Stripe charges 2.9% + $0.30 per transaction with no setup or monthly fees. Source: Stripe: pricing

7. Braintree


Braintree is an online payment gateway and merchant account solution known for working with popular tech startups such as Airbnb and LivingSocial.

Pricing: There are no set-up or monthly fees. Transaction fees are 2.9% + $0.30 per transaction for qualified cards. Source: Pricing – Braintree

8. Samurai by FeeFighters

Samurai by FeeFighters

Samurai is a payment gateway and merchant account solution. The company’s main product, FeeFighters, is a tool to help merchants compare rates for merchant accounts. Samurai was developed as a direct competitor to Braintree and other gateway/merchant solutions and offers customers a payment gateway or a gateway/merchant account package.

Pricing: For their gateway/merchant solution, Samurai takes 2.3% of all sales volume, costs $25 per month and charges a $0.30 fee per transaction. Source: Samurai by FeeFighters pricing

9. WePay


WePay is a payment processor that allows Internet merchants to accept credit cards and bank account payments online. WePay seems to be focused on the individual user, and has recently added e-store pages to their service to help their customers conveniently take in payments (e.g. event tickets, products, donations and so forth) through their service.

Pricing: WePay charges a 3.5% transaction fee (with a $0.50 minimum) for credit card transactions and $0.50 for bank payments, with no setup or monthly costs. Source: WePay fees

10. 2Checkout


2Checkout is another payment processor that combines a merchant account and payment gateway into one, allowing customers to receive credit card payments as well as PayPal payments. The company offers international payments, shopping cart stores as well as a recurring billing feature.

Pricing: 3.99% (if you apply by May 1, 2012), a $0.45 transaction fee and $10.99 monthly service fee. Pricing and fees – 2Checkout

Other Noteworthy Payment Systems

Here are other online payment systems I think you should also check out:

What about Payments through Mobile Devices?

These two payment services allow merchants to accept credit card payments directly through their mobile devices, making it possible for devices such as the iPhone, the iPad and Android smartphones to act as a mobile point of sale (POS) checkout system.


There are plenty of online payment systems out there that you can use to conduct e-commerce activities. Choose one that’s in line with your business objectives.

This isn’t an exhaustive list of online payment systems. If your favorite online payment system isn’t on the list, please share it with us in the comments and discuss why you choose it over other online payment systems.

Related Content

About the Author

Rosston Meyer is the founder of, a marketplace where advertisers, non-profits and people in need of sponsorships come together to make deals. Rosston has a strong background in Web marketing, design and development having worked as a freelance developer for the past four years. Follow Rosston on Twitter: @rosstamicah

This was published on May 15, 2012


Ferik Ramadhan May 15 2012

thanks alot, very usefull :D

Jim Paone May 15 2012

Great article! You saved me a ton of time researching these companies. I wonder how Dwolla can charge so little comapred to the others….

Dave Sparks May 16 2012

A rather timely post for me, however I’m looking for a gateway that will allow a website to automate crediting cash back to a user or account as well – does anyone know of any systems out there that can do that? I believe it’s possible with some paypal APIs

For UK people, there is a cool new project called
It’s not a Credit Card payment system, but direct debit transfers

Amr ElGarhy May 16 2012

This service looks very nice as well, and I am going to use it.

Although PayPal is expensive that is the only option which we have left (referring to Indian webmasters).. hope we will get more options in near future.. Wish Google Checkout makes it way to India..

andrewj May 16 2012

What about for subscription payments? is also probably worth a mention.

As for mobile payments – there are some amazing things being done by Barclays’s new Pingit technology. Also worth checking out.

Shahzad Anjum May 17 2012

Thanks for providing a list of online payment solutions
this solve my problem

Jacob Gube May 17 2012

We’re super glad to help those who felt this was a timely article and helped them save some time with researching the perfect online payment system!

@Dave Sparks: Interesting question – would love to know the answer to that as well.

@Andy: Shopify is a great e-commerce solution, and we’ve covered them plenty of times in the past, in the appropriate articles. However, this article lists online payment systems, and so Shopify would be out-of-scope in this particular instance (along with other hosted e-store solutions like SolidShops, Shopifree, Big Cartel and so forth).

Rosston Meyer May 17 2012

Glad to hear that the article has been helpful. I did also research some mobile payments in more detail and it didn’t make the article, but will work on something for the near future. Will try and include all of the services included here.


Rosston Meyer May 17 2012

@Dave Sparks as far as sending money to users through these systems, that is something I am interested in finding out more about too. I have that issue with and am using checks at the moment. Options seem to be listed to ACH payments or systems like Paypal/Dwolla, but I will be looking into this more.

Jeremey Z May 18 2012

I’m not really sure if PayPal is still relevant. They have had a lot of issues over the past month and are pretty difficult to deal with. Forget expenses, the customer service is horrible.

Bharat Chowdary May 18 2012

Paypal is just good and frankly I never tried remaining ones…

Ankit J May 20 2012

Thanks for the article. I was using PayPal for online purchases fro Ebay now I know more sites.

coderbay May 20 2012

Very good list. Thanks for sharing.

Robin Jennings Jun 15 2012

I’ve been looking for something similar to Stripe for a while now- thanks for putting me onto them.

Thanks for sharing all of these interesting tools, I hadn’t even heard of a lot of them.

How about 1st Data? It provides gateway and merchant service, can it be considered as a payment system provider?

riyaj sayyed Sep 03 2012

It’s really too good list, for those ppl who wnt to kno abt d online payment gateway company n there transaction cost

My favorite ones are Paypal and Google Checkout. However, Paypal sometimes sucks when it held my transaction for no obvious reason :(


Does anybody know which company has a gateway also for credit card terminal automatic reader payments?

Great list! I’m not sure about some online payment systems discussed in this post. But I’m certain that PayPal, Google Checkout, and are some of the most secure, easy to use, and very reasonable payment systems out there. I’m interested in square but it’s not available yet in my country.

I own an online ordering software company for restaurants and I have noticed alot of our competitors (for example or are accepting payments on behalf of the restaurants the customers are ordering from. I contacted PayPal to find out how that works and they informed me that collecting money for a product that I do not have control over would mean we would be subjecting ourselves to chargebacks from the customers and it violates Visa and Mastercards policies.

So I am curious if any other merchants out there have any idea how these major online ordering providers are getting away with violating these ‘policies’. Of course everyone knows that a customer can dispute a credit card charge at anytime and the policy made sense when PayPal explained it to me.

Brandon Mar 12 2013

My parents own a restaurant and they use Regal Payment Systems( They have been very happy with the customer service and support.

@Amy that is strange. I’m not sure how they would get away with that and if they are experiencing a large amount of chargebacks they would either by paying high risk fees or loose they’re ability to accept payments period. At least that’s what I’ve learned.

After reading, I’d like to know if you can use any of these services to process monthly payments on a website. I operate a WP-based website and currently working on adding an online pricing segment. However, this is my first time of trying this and information on the net is overwhelming. Could anybody kindly suggest the best option(s) for me to use for my monthly subscription.
I thought of using a membership plugin but that may complicate things.
I’ll appreciate any advice.

Jessica Moore Jun 11 2013

I’d like to mention Alertpay if I can. I’m not sure what their stance is on things, but I do know they support subscription based services/websites. is the URL.
Good luck :)

Stephen Honeybone Jun 13 2013

Wow what a list, and I have only just started searching for a solution. We are looking for a system that can be used through our website for clients to pay their bills. PayPal comes to mind but have they become to big for their own good, loosing their customer serevice edge? Go cardless looks good (Thanks Tom) for setting up Direct debits but which is best for one off payments?

Does anyone use Dwolla? Is it any good?

Siraj Wahid Aug 19 2013

Woah! Dwolla charge so little amount. Btw what about Skrill? it’s better too.

Lorie Miller Aug 27 2013

Looks like Dwolla doesn’t allow the use of credit cards at all so they can do lower fees. They are just moving money between accounts.

David Lader Sep 18 2013 is great and should be included on this list. Thanks for the post.

Alex Mazella Dec 26 2013

A good resource to compare is which allows you to get competitive bids from multiple credit card processors.

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