Best Payment Processing Companies

9 (Free/Paid) BEST Payment Processing Companies in 2023

Home » Creations » 9 (Free/Paid) BEST Payment Processing Companies in 2023

Share with:

Selecting a service that can cater to your present and future needs is advisable to choose a service that can cater to your current and future needs. Besides, you must look into a service that has minimum transaction fees.

That is why you must trust some of the best payment processing companies. These companies allow you to perform fast international transactions through various payment methods with the minimum possible fees.

Best Payment Processing Companies 2023

NameSupported payment methodsTransaction FeesCountries/Territories supportedRecurring paymentsLink
StripeBank transfers, Bank Redirects, Debit cards/Credit cards, and Digital wallets1.9% to 3.5% of each transaction and fixed fee ranging from 5 cents to 49 cents135+YesLearn More
👍PaypalPayPal balance, Bank transfers, and many more3% per transaction100+YesLearn More
Authorize.netDebit cards/Credit cards, PayPal, and many more9% + 30 cents per transaction50+YesLearn More
DigiPayCredit Cards/Debit CardsCustom Pricing40+YesLearn More
VerifoneDigital wallets, Debit cards/Credit cards, and many more3.5% + $0.35 per transaction150+YesLearn More

Expert Advice: Always choose a service that effectively works with all your existing tools and services. Selecting a service that can cater to your present and future needs is advisable. Besides, you must look into a service that has minimum transaction fees.

1) Stripe

Stripe is best for Cost-effective transactions globally

Stripe is one of the most popular payment gateways supporting integrations with many popular services like WordPress, Shopify, and more. It has built-in tools for many popular tech stacks, including PHP, .NET, and iOS. You can use it to perform invoicing for your business purposes.

Stripe is an ideal payment processing company to offer periodic subscriptions to your customers. Besides, it provides many tools and features to manage your finances efficiently. You can use it to work and calculate various taxes like sales tax. It provides a simple, elegant dashboard that allows you to easily access every tool with minimum effort.


  • Tools: It provides various devices with the needs of businesses, platforms, and marketplaces in mind. You can quickly build fully customizable workflows to meet your business needs.
  • Mobile App: Robust mobile app for Android and iOS that allows you to monitor and accept payments
  • Customer Support: Customer supplies is available in the form of 24×7 email, chat, and phone support
Complete data protection with 256-bit AES encryptionLacks proper tools and functionality for offline businesses
Robust reports to understand various business metrics 
Customizable checkout flows 

Key Stats

  • Transaction Fees: 1.9% to 3.5% of each transaction and a fixed fee ranging from 5 cents to 49 cents
  • Supported Payment Platforms: Bank transfers, Bank Redirects, Debit cards/Credit cards, and Digital wallets
  • Recurring payments: Yes


2) PayPal

PayPal is best for cost-effective international payment processing

PayPal is one of the oldest and most popular payment processing companies for personal and professional needs. You can use this payment processing company to make international payments with minimum effort. Besides, you can use it to create your online stores, e-commerce, etc. You can build your store with a clickable link that directs your customers to the checkout page.

It provides robust tools to build subscriptions, create invoices, issue refunds, streamline operations, and more. You can also use this service to accept donations and other payments. It also provides “buy now, pay later” options in select countries.


  • It lets you create custom payment links for your clients
  • Allows your customers to opt into recurring payment and subscriptions
  • In-house currency conversion service that ensures minimum costs for clients when paying in different currencies
  • Responsive customer support through community, live chat, and resolution center
Lets clients add a debit card and credit card by default for quick transactionsRelatively slow payment processing times
Integrates easily with platforms like WooCommerce 
Helps build billing agreements 

Key Stats

  • Transaction Fees: 3% per transaction
  • Supported Payment Platforms: PayPal balance, Bank transfers, and many more
  • Recurring payments: Yes


3) is best for processing E-Checks

Authorize is an ideal payment processing company for managing e-commerce, mobile payments, checks, etc. It helps improve sales and minimizes time spent on management. It can also be helpful for offline vendors, allowing them to implement payments through physical card readers.

It helps you streamline processes by implementing custom workflows using its vast array of APIs and tools. You can build and print receipts for all financial transactions effortlessly. This payment processing company uses some of the most advanced technologies to ensure complete privacy and data protection for all financial transactions, making it one of the best payment processing companies.


  • Accept Payments: Allows you to accept phone payments with custom prices and bills.
  • Invoice Builder: Easily build invoices and send them to clients using their Email ID, along with proper tracking and follow-up tools.
  • Global: It worcorrectlyrly in more than 100 countries globally
Quickly add a Buy Now or Donate buttonNot ideal for direct personal payments 
Massive array of integrations with third-party services 
Robust API works on a wide range of platforms. 

Key Specs

  • Transaction Fees: 9% + 30 cents per transaction
  • Supported Platforms: Debit cards/Credit cards, PayPal, and many more
  • Recurring Payments: Yes


4) DigiPay

DigiPay is best for creating automation and minimizing workload

DigiPay is one of the most reliable payment processors with robust technologies for accepting payments worldwide. It boasts a fraud and chargeback management system that helps you settle any major issues in financial transactions. Besides, this service has an advanced data vault that securely stores customer data, allowing quick payment in the future and efficient management of subscriptions.

DigiPay’s solutions are versatile and can be adapted to your use cases. You can use it to accept online, in-store, or on-the-road payments. It is among the best payment processing companies due to its security features like End-to-End encryption, which protects all your data against security threats.


  • International: Full-fledged services in more than 40 countries globally.
  • Integrations: It provides marketplace integrations, fraud monitoring, customer analytics, etc., for e-commerce
  • Minimize Costs: Helps reduce overall transaction fees and optimize profits
Interchange optimizer assists in increasing margins and minimizing profit leaks.Lacks standard pricing options
Customer support is available through calls, email, and online forms 
Their robust, highly scalable gateway supports real-time processing and fast transactions across various currencies. 

Key Specs

  • Transaction Fees: Debit cards/Credit cards
  • Supported Platforms: Custom Pricing
  • Recurring Payments: Yes


5) Verifone

Verifone is best for a one-time setup and lifetime usage

Verifone brings some of the most robust solutions for e-commerce and trade. Embracing modern payment methods, it is one of the first to include full support for cryptocurrency. It is meant to be ideal for various use cases, from essential payment links to advanced APIs. 

Verifone is an ideal payment processing company for online, in-store, mobile, drive-thru, etc. Its robust cloud services can help you deliver consistent branding and experience across all transactions. 


  • Experiences: You can use it to create personalized experiences that suit your users and their needs
  • Device Management: Robust device management tools to quickly deploy, configure and manage devices
  • Cloud Services: Global cloud services that integrate with a wide range of 3rd party solutions and simple workflow
Serves more than 150 countriesRelatively poor customer support
Provides pre-built form templates for payments 
Native solutions for kiosks and standalone machines 

Key Stats

  • Supported Platforms: Digital wallets, Debit cards/Credit cards, and many more
  • Transaction Fees: 3.5% + $0.35 per transaction
  • Recurring Payments: Yes


6) PaySimple

PaySimple is best for scaling small/medium scale businesses

PaySimple provides intelligent business solutions that allow you to automate payments, minimize workload, and streamline operations. It is one of the best payment processing companies that will enable you to effortlessly accept and make payments in various use cases. It is built with the needs and requirements of various industries like healthcare, fitness, and more.

As a small business, this is one of the best payment processing companies for managing finance and scaling up business as needed. It offers proper support for accepting payments using Credit Cards and other payment methods.


  • Billing Portal: The advance billing portal to create and send bills
  • API: It provides an API to create integrations and build for custom use cases
  • Notifications: You can configure and receive notifications for all critical financial activities on your account.
Complete support for billingLacks multicurrency support
Robust data analytics and performance insights 
Full support for recurring invoicing 

Key Stats

  • Supported Platforms: Credit cards and ACH payments
  • Transaction Fees: $0.32 per transaction
  • Recurring Payments: Yes


7) Braintree

Braintree is best for Security and paying in Crypto

Braintree is one of the best payment processing companies that quickly makes financial operations and tasks like invoicing, payment reprocessing, refund, and more. It provides in-depth data and insights about your finances and transactions, making it the ideal payment processor.

It maintains a robust database of all transactions, customers, invoices, etc., allowing you to search for information easily. You can use it to automate your payment processing and reduce your burden.


  • Dashboard: A unified dashboard allows you to manage all transactions, subscriptions, and refunds in one place
  • Currency: Global user base and support for multiple currencies for performing financial transactions.
  • Security and Privacy: Complete data protection and privacy using the Braintree Vault
In-built support for split paymentsPoor Customer Support service 
Native support for payment in cryptocurrencies 
Quick payment settlements 

Key Stats

  • Supported Platforms: Digital wallets, Credit cards/Debit cards, and bank directs
  • Transaction Fees: 2.59% + $0.49 per transaction for credit cards and digital wallets
  • Recurring Payments: Yes


8) Payline

Payline is best for online and offline Commerce

Payline is an ideal solution for a wide range of business payment processing. It has solutions for online and offline payments that reduce your workload and improve the customer experience. You can utilize its dashboard and terminal to get a quick bird’s eye view of all operations in your business.

You can use it to build shopping cart integrations that allow you to understand user behavior better and improve the interface accordingly. It provides tools for fraud protection, chargeback prevention, and more. It provides a full-featured 1-month trial to help you make up your mind better.


  • Costs: It offers separate pricing for online and offline transactions to help you better optimizeexpensess.
  • Industries: Works well in various categories like healthcare, non-profit, franchises, and other industries.
No charges for PCI complianceWeek multicurrency support.
Quick payment deposits within 24hrs 
It also provides tools for invoicing and recurring billing. 

Key Stats

  • Supported Platforms: Credit cards/Debit cards
  • Transaction Fees: $20 per month
  • Recurring Payments: Yes


9) WePay

WePay is best for accepting coupons and gift cards

WePay provides various tools to ease your work and ensure effortless payment processing. You can use it to enjoy instant onboarding, same-day deposits, and more. Manage transactions, onboarding, chargebacks, and more using WePay’s easy-to-use dashboard.

Flexible payout schemes and quicker direct deposits help you maintain your cash flow better. It helps maintain proper PCI compliance and covers all losses due to fraud. 


  • API: Robust API to perform end-to-end customization of the checkout experience
  • White Label: Provides white labeling solutions to use their tools in custom implementation
  • Payments: Facilitates all small and large-scale payments easily
Backed by JP MorganRelatively poor customer support
Tailored solutions for all your needs 
Extensive knowledge center to help beginners and new business owners better manage their payment processing 

Key Stats

  • Supported Platforms: Credit cards/Debit cards, PayPal, and many more
  • Transaction Fees: 2.90% plus $0.30 for swiped transactions and 3.30% plus $0.30 for those that are keyed in
  • Recurring Payments: Yes


What is a Payment Processor?

A payment processor is a mediator between you and your customer that helps customers make safe and secure payments using various gateways. 


What are the main types of payment processors?

There are four types of payment gateways:

  • Hosted payment gateway: It directs customers to a third-party service where the entire transaction takes place
  • Self-hosted payment gateway: It is a gateway where the transaction happens on your site with all the code and service running on your server
  • API-hosted payment gateway: A third-party service provides you API access that connects your server with theirs. For customers, the transaction happens at your server, but it is forwarded to the third-party servic at the backende.
  • Local bank integration gateway: The customer is redirected to a third-party bank for the transaction,which is thene sent back to the original site.


How do you select the best payment processing company?

Here are some of the things that must be considered when trying to select the best payment processing companies:

  • Territories: You should always consider the number of regions where you would operate. An ideal payment processing company should be available in all these regions.
  • Customer Support: Always look into a service that provides fast and proper customer support and helps you solve all issues in no time
  • Price: You should look into all the costs, charges, and various transaction fees to make sure you select a service that is cost-effective and caters to all your needs


The Verdict

We’ve carefully researched many products and services to bring you these ten best payment processing companies. Hopefully, these will be good enough for all your needs. 

FeatureBest Payment Processing Company
Maximum Global CoverageVerifone
Minimum Transaction FeesStripe
Most Balanced ServicePayPal
Aditya AgarwalLast Seen: Sep 27, 2023 @ 4:37am 4SepUTC

Aditya Agarwal


Last Updated:
Views: 33

You may also like

Leave a Reply