Top Best Online Payment Methods For Small Businesses

It is not uncommon for small businesses to be tight on cash. While it is great when you can get customers to pay you upfront, you won’t always have that option. That being said, there are a ton of different ways that you can accept payment from your customers without needing to shell out your hard-earned money.

With so many options out there, it can be difficult to know which ones are best suited to your business and its specific needs. However, by understanding the costs, risks and other implications of each method, you can make an informed decision about the right one for you. In this blog post, we explore the five best online payment methods for small businesses and explain why each one is beneficial in different circumstances.


In our opinion, PayPal is one of the best online payment methods for small businesses. For starters, it is incredibly convenient for customers. They can pay you using their existing PayPal account, which many people have and use regularly. Plus, you will receive your funds instantly, which is great if you need to process a return or want to expedite payment. You will also benefit from low fees, especially if you are signing up with a business account. Business accounts come with lower rates, which can help you save money. Plus, PayPal also offers great customer service, especially if you are selling internationally.

PayPal also gives you access to your customer’s email addresses, which can be very useful if you ever need to get in touch with them.

PayPal also offers advanced features like shopping cart integration, order tracking and fraud protection.

Credit Cards

Credit cards are another popular online payment method for small businesses. They are convenient for customers, and you can process payments relatively quickly. Plus, you will also have access to your funds immediately. Depending on the terms of your contract with the credit card processor, you may be charged a small fee for each transaction. However, you will also be able to earn some money by charging customers interest on their overdue payments.

Depending on your business and the types of products or services that you sell, accepting credit cards could be a good idea. For example, if you run an eCommerce website, offering this payment method could be a great way to entice customers who might otherwise be put off by the hassle of online payments.

Google Checkout

Google Checkout is another online payment method for small businesses worth considering. It is similar to PayPal in that customers can pay you directly from their bank account. However, unlike PayPal, Google Checkout offers access to a wide range of free business tools that can be extremely useful for small businesses. If you accept payments through Google Checkout, you will be able to access data analytics, customer insights and other helpful information.

This can be a huge advantage if you are trying to optimize your business and be more efficient. Google Checkout also allows you to accept credit cards, which can be very useful if you want to expand your business and target a wider audience


There are many different ways you can accept payments from your customers. Depending on the type of business you run, certain payment methods will be more beneficial than others. PayPal, credit cards and electronic check payments are good for businesses that sell online and have customers who are unwilling or unable to use cash.

Google Checkout is a good option if you have a diverse customer base and offer services as well as products.

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