Deciding how your small business handled payments was simple, like cash, checks, credit cards through a merchant account, and you were done. However, while the digital age has given customers much more flexibility in how they can pay, it has also made the process significantly more difficult for merchants, particularly small shops or online retailers. Read more about online payment options for small business here. 

Types of Small Business Payment Methods

The first decision you must make is which types of payment your company will accept payments online without a merchant account. In general, there are five payment options to choose from:

Cash Payments

Cash payments accept bill payments and coins given by consumers. Typically, cash payments are managed through a point-of-sale system with free payment processing for small business. Accepting cash payments has the advantage of receiving payment immediately rather than waiting for a transaction to clear. Because there are no fees associated with accepting cash from customers, cash payments reduce overhead costs. 

Check Payments

Checks are documents that authorize banks to transfer funds from your customer’s account to your business account. Checks record the payment amount and date, as well as the payer’s account number and signature, in order to authorize payment to the recipient. 

Credit Card Payments

Debit or credit card has become the primary way for consumers to pay for purchases today. Paying with a credit card is convenient and can speed up the checkout process. Furthermore, because it allows people to finance large purchases, most customers expect businesses to accept at least one type of card.

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Online Payments

These payments are transferred electronically and should be the best payment options for online business. A payment gateway is used to facilitate and authorize various types of payments, such as eChecks, credit cards, and direct debit payments.

Online payment methods aren’t just for online stores. Online purchases in physical stores can be made with digital wallets or apps that store credit and debit card information on a mobile device. You can choose free online payment methods for small business. 

Mobile Payments

Mobile payments are made using mobile devices such as smartphones and tablets. Mobile payments can include various of payment methods, such as:

  • Digital wallet apps are used to make payments and near-field communication technology.
  • Payment apps for small businesses, or apps for money transfer
  • Payments are made by swiping debit or credit cards with a mobile card reader.

Mobile payments enable mobile transactions by utilizing a payment method such as cards or electronic money transfers.

The Best Online Payment Methods for Small Businesses

Are you looking for the best online payment platform for small business. for example on Facebook, or ther marketplces? Here are the best online payment methods for small businesses.

Read also: 7 Ways to Add Payment Method Facebook Business Manager


PayPal accept payments on websites, so you will be able to place PayPal Checkout buttons on your website using PayPal. This gives customers access to a PayPal gateway in order to purchase an item from your website. Visitors are directed to a PayPal checkout page where they can pay you using any of several payment methods. With this service, you can also create, send, and receive invoice payments.

Per transaction, PayPal charges 2.9% plus 30 cents. Rates fall as sales volume increases. Rates are also reduced when you use the PayPal Here credit card reader.

Read also: Can I Use Paypal For Shopee In Payment Options 2022


Square is PayPal’s main rival at the moment, with transaction rates that rival the industry leader.

Square provides a free online store where you can list and sell your products and services. You can embed items on your own website. These embeds serve as a gateway for your customers to complete their transactions. Square also enables you to send and receive payments on invoices. In addition, the company provides a credit card reader for accepting payments from customers in person.

Every transaction conducted online or with Square’s card reader will incur a 2.75% fee.

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Stripe’s goal when redesigning its Checkout platform was to not get in the way of you and your customers. Stripe’s Checkout codes are intended to keep your customers on your website rather than redirecting them to its own site in order to complete a sale.

You can begin accepting digital payments from your customers once Stripe payment forms are embedded on your company’s website. Stripe works across multiple devices without any additional effort on your part. This is one of mobile payment options for small business. Every Stripe transaction is subject to a 2.9% plus 30 cent fee, making it the best ach payment processing for small business.

Intuit QuickBooks Payments

This Intuit offering enables you to accept credit card payments from customers via an eCommerce portal or a credit card reader attached to your smartphone.

Intuit’s service only works with compatible Web Store providers, but they have many options on their list. Intuit charges a Pay-As-You-Go fee for transactions, but a monthly fee for the service allows for a lower per-transaction fee.


PaySimple enables you to accept credit and debit cards, as well as e-checks, all from a single system. This service allows you to create an online payment form for your website. There is also a credit card reader for your smartphone or tablet.

You can also send and receive payment for invoices sent to your customers’ email addresses. PaySimple also supports recurring billing. PaySimple charges a monthly flat rate of $34.95.

This service provides several payment options for your customers as an easy online payment options. provides merchants with more complicated integration methods. Small business owners who want to start accepting payments quickly can also use the Simple Checkout option. Simple Checkout provides HTML code that can be easily integrated into your website in order to display “Buy Now” buttons.


Shopify is the best payment platform and ecommerce for small business. This is a well-known service that provides everything from eCommerce to POS systems. Shopify allows you to create an online store that can be hosted on your own domain.

There are three levels of monthly payment options, and the more you pay for them, the lower your transaction fees will be. Shopify has a simple back end that tracks your sales, payments, and customer information.

Read also: 6 Steps on How to Publish Shopify Store or Launch Store


The payment methods accepted by your business will be determined by your business model and your customers. The best payment solutions for your small business should be inexpensive and compatible with your accounting software. Offering a variety of payment options to customers may assist you in increasing your cash flow.

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