Ever since the introduction of the cashless economy, payments for every single thing have become a hassle-free task. From paying for the Kirana store groceries to the vendor to paying for the branded attire in a grand showroom, online payment processing software has made it an easy-to-doit-all thing. Payment apps let you make direct payments from a smartphone without having to use traditional payroll methods. In fact, you can even connect your cards to this payment processing software to have an even smoother experience. It clearly does not matter what area you reside in, or what phone you use, these applications like Paypal, and GooglePay have all become the source to offer you convenience. Let’s talk about some of the top payment processing applications that have made life easier for us and how good their features are.
Wise :
Another good app is Wise. Wise achieved the top place because it uses the regular exchange rate rather than bank rates. Wise can be used by anyone who transfers money worldwide. So this works internationally as well, with a very smooth experience. Well, traditional banks charge an average of 3% to 4% of the total amount due to SWIFT costs ranging from $20 to $50 for each transfer and an additional 2% to 4% exchange rate markup. Wise’s multi-currency account is a LESS EXPENSIVE ALTERNATIVE. However, like everything in this world, it has its own range of warranty and lasting period. Wise achieved the top place because it uses the regular exchange rate rather than bank rates.
Stripe :
Because of its powerful payment processing platform, Stripe, which combines software and APIs to assist small businesses to get paid, wins our top ranking. Its powerful products can also accept and send payments. Customers can pay money straight from their bank account to your freelancers’ company account via a credit or debit card transaction. However, the application surely holds a range of pros and cons in it. One of which is that the app is not at all familiar and friendly to people like Paypal. Also, the first payout from Stripe can take as long as 14 days. Stripe offers mobile apps for iPhone and Android devices, where you can gain access to its comprehensive dashboard from your own device.
Google Pay:
Tends to be the best for Google accounts, GPay, or Google Pay is an easy-to-use app. You can easily access it through a phone as well as a laptop. Not ignoring the cons of using the Gpay method, transfer issues is one thing that is for real. Rare, but often transactions may take 2 to 3 days to transfer. There is also a short price range that is being charged if you want to make a debit card transfer.
