Solid Alternatives to Stripe and Paypal Mobile Payment Processors

Young woman buying goods from the internet and entering number security code from credit card on smartphone. Mobile payment processors concept

With so much of the business world moving to the web, having secure and functional methods of processing payments has become a top priority. This space has typically been dominated by Paypal and Stripe but many alternatives have sprouted up. Each has its own set of benefits and shortcomings but some may be a better fit for your budget or needs. Here are some of the ones making waves:

BAMS

Bank Associates Merchant Services or BAMS is a service that is dedicated to affordable options for small, low-risk businesses. The goal is to provide an excellent product and service that helps your business become as profitable as it can possibly be. This demonstrates itself in the effort to form strong relationships with their clients to truly understand the needs of your business and processing objectives.

TransferWise

While a little bit different from the others, TransferWise is invaluable to businesses operating on a global scale. Their focus is on making international payments easy and affordable. In the past, it can be costly to send money across borders and the wait times could be excruciating. TransferWise has done away with this, their fees are often half of what a bank transfer might be and transfers typically happen within 2-3 days. This is one of the best options for international businesses or those who have clients across the world.

 

 

There you have it, some alternatives if you are considering switching or just getting involved in e-commerce. Every service has something unique to offer and it is crucial you find what is right for your needs. If you’re seeking a change in your payment processing or any help with payment processing, consider discussing your options with BAMS here.

Why Every Site Should Have E-Commerce Payment Processing

Paper boxes in a shopping cart on a laptop keyboard. Ideas about e-commerce payment processing

It may seem like just yesterday when you could put up a site and have people come into your store to shop, but with the speed of technology’s rise, that might as well be a million years ago. Now, people want to buy precisely when they’re in the mood – and they don’t want to have to go get their items, either. Your site may put them in that buying mood, but if you can’t follow through by allowing them to buy from your site and have their items delivered, they’ll go to a site that is properly enabled. This is why your site must have a shopping cart and e-commerce payment processing all ready to go.

Fortunately, it’s not hard to bring a site into the modern world. Unlike just a few years ago, you don’t have to figure out a lot of arcane programming to get your products into a cart and integrate that cart with a payment processor. A plethora of shopping cart options – both free and paid – offer plenty of solutions for your products, software offerings, and more. The best of them integrate easily with payment processing solutions like ours with no more than the entry of some key information.

The payment processing itself is simple when you use a solution like ours. BAMS integrates with all of the most popular shopping carts and can be used with some of the lesser-known ones as well. Importantly, we offer free access to the Authorize.net gateway that powers most e-commerce transactions. You won’t have to worry about programming anything – your supported online cart and our payment processing solutions will work together without a hitch.

To get started on making your online shop competitive with others in your field, just contact us. We’ll be happy to explain everything about e-commerce payment processing.

Choosing a gateway? Make Sure You Get a Free Authorize.net setup!

Mobile payment. Credit card reader on smartphone scanning a credit card. authorize.net concept

Authorize.net is well-known to e-commerce sites since it is the biggest payment gateway serving this market. It is stable, robust, and includes many security features. This ensures that it will remain the favorite for the foreseeable future.

What is less well-known is that Authorize.net enables online payments in other situations as well. Thanks to this capability, you can use it to accept credit cards in offsite locations like fairs and shows. There, you can use a card reader that attaches to your mobile device or even use your onscreen keyboard to enter customer information.

You’ll also find that Authorize.net’s security features give you all of the customization you need in order to meet your specific needs. Properly tweaking the settings will allow your system to automatically reject the orders that you deem likely to be fraudulent while automatically processing those that pass the checks.

Getting the Authorize.net Payment Gateway

If you deal online, your payment processor should automatically offer you an Authorize.net gateway. However, there is a big difference between the processors when it comes to the details. In particular, you need to know that the cost is not the same across the board. Some charge a substantial amount for the gateway setup, while others include it with their main accounts for free.

To learn more about Authorize.net and how it can help your brick-and-mortar operations as well as your e-commerce site, just contact us. We’ll be glad to tell you about it and all of our other relevant payment processing services.

Don’t Wait for Your Money – Use a Merchant Payment Processor That Funds the Next Day

Small business worker accepting a credit card payment from her customer with a merchant payment processor

Making a sale is always great, but it’s irritating to have to wait for the money from the transaction to hit your account. Even worse, the delay can make it hard to run your business in an efficient way, especially if your company is smaller or has a drop ship arrangement with its suppliers. Eliminating this delay is therefore good on both the psychological and practical levels.

The solution is to switch to a merchant payment processor that provides next day fundingBAMS offers this as a standard part of its services. Our speedy funding is available for both online and physical sales, so there’s no need for any type of company to have to wait. You’ll never have to sit and stew wondering when the money will hit your account, worry about orders being canceled due to slow fulfillment or have any other hassles related to the speed of funding from your processor. Instead, you’ll enjoy near-lightning speeds and all of the convenience of having the funds available within 24 hours of the acceptance of your customer’s credit card.

This is just one reason to switch your merchant payment processor. Others include lower prices, better service, and free Authorize.net setup. All of these are offered by a BAMS account, making this processor a great choice for your company.

To learn more about merchant payment processing and what makes us the superior choice, just contact us. We’re always glad to explain how we can help your business grow and succeed. We’ll also help you switch if you already have an account somewhere else.

Why It’s Important for Your Payment Processor to Offer a Free Authorize.net Gateway

Authorize.net

In order to accept online payments, a business has to have a special gateway to connect to the processing system. One of the most-used and trouble-free solutions is to use Authorize.net, which is the leading provider of online payment gateways. Authorize.net can also process transactions that are entered directly into its system, so it’s easy for you to sell products and services from a remote, but physical location such as a fair. Getting setup with them, however, requires going through a payment processing company – they do not deal directly with end-users.

Some processors charge high set-up fees to add Authorize.net to your account because they know that your only other option is to use a less well-known, and possibly unreliable, solution. This adds expense to your set-up cost that, as it turns out, is entirely avoidable.

Avoiding the set-up cost is simple. All you need to do is choose a provider that offers a free authorize.net gateway as part of its package. Then, you not only get free access to Authorize.net, but the account creation is done for you. You’ll just need to take care of the technical details of connecting your site, something your merchant services agent can likely help you do. With many shopping cart software options, all you need to do for this is enter your account number into the relevant fields.

BAMS, a leading payment processor, does more than just give you the free gateway. They provide physical payment solutions as well as virtual ones, and they examine your application to find cost savings for you whenever possible. This makes it easy for you to get all of your payment needs handled under one roof at the lowest possible cost. To learn more, just contact us and we’ll explain all that you need to know.