• Zed Team

Check Out The Best Payment Solutions Of 2021 For Your Business!

Updated: Nov 13, 2021

Payment gateways and payment solutions have become a vital part of the modern business world. Payment solutions offer both brick-and-mortar and online sellers secure infrastructure for customers to pay either via card or digital wallets. With new development in technology opening up new marketplaces and payment options, the need for comprehensive payment solutions has become an essential part of the business infrastructure.

Companies like PayPal pioneered the payment solutions niche, with many others following suit. Nowadays, the payment solutions sector is filled with a wide variety of payment gateways and orchestration companies that offer many different services with many specializing in various industries.

As the need for safe, hassle-free buying increases, the need for more specialized payment solutions is becoming even more prominent. According to Zed Founder and entrepreneur Alan Safahi, newer generations are looking for convenient payment options from businesses that have forced the industry to innovate and grow. With Gen Z consumers holing 350 billion dollars of buying power, the youth is shaping how we pay for things, with Gen Z’ers making up 40% of global consumers in 2020.

We here at the Zed network specialize in providing payment orchestration solutions to international businesses. Given our experience in the payment solution industry, we know all there is to know about the best payment solutions out there. So we thought we should let you know the best ones out there you should check out. We divided each choice by niche so that you will find the best payment solutions in 2021 for each type of business. So without further ado, let’s begin!

Best Payment Solution For Online Businesses:


Authorize.net was founded back in 1996. Its a solution by Visa and is one of the oldest payment gateway providers in the market. Authorize.Net is also one of the largest payment solution providers, with the company serving over 430,000 merchants and manages over one billion transactions every year. It has been one of the best payment solutions for years due to its versatility. Authorize.net can easily be integrated into nearly any merchant account and accepts transactions from customers worldwide.

One of the reasons it’s so popular is because it has partnerships with most merchant account providers. Meaning its users can accept payments from major credit cards, debit cards, and digital payments, as well as e-checks and foreign payments from most countries. Unlike most old payment solutions, Authorize.net accepts PayPal payments. What makes it one of the best in the business is that it’s very easy to integrate with your existing merchant account. You can get an all-in-one package that includes both a merchant account and a payment gateway if you need it or just the simple payment gateway service, depending on your needs.

All Authorize.net’s services come with a host of different services that include recurring payments, invoicing, fraud prevention filters, customer information management, mobile payments, a virtual point-of-sale (POS) system, and an optional card reader. Along with these services, the payment solution company also offers plans that give you the option to add an account updater for recurring payments and the ability to accept electronic checks for additional costs. Another great thing about it is that it has no setup fees.

Best Payment Solution For E-Commerce:


Odds are, if you’ve shopped online, then you’ve used Stripe’s services. Founded in 2011, Stripe puts most of its focus on tech and development to keep itself in the contention for one of the best payment solutions around. Stripe has about 2,500 employees in 14 countries and claims that 90% of online shoppers in the U.S. have bought from businesses using Stripe. One of the reasons why we think it’s one of the best payment solutions out there is because it offers customizable payment solutions at competitive rates.

Stripe focuses more on developer-driven custom payment solutions allows its products to grow and scale with companies of all sizes while also adapting to the changing needs. Its services enable businesses to build the platform they like or take advantage of Stripe’s native integrations with existing e-commerce platforms, including WooCommerce, Shopify, Wix, Squarespace, BigCommerce, and other major platforms. Stripe is genuinely one of the best global payment solutions, with it providing a wide range of services and features to its global customer base.

It supports 135 different currencies and payment types, including PayPal, mobile payments, subscription billing, one-click checkout. Stripe also has a user dashboard with robust transaction tracking and reporting to ensure complete control over your online finances. Stripe works best with an e-commerce platform, from what we’ve seen, but it also has a virtual POS that makes it easy for users to unify their online and offline channels.

It supports a wide range of businesses because the Stripe Terminal works on mobile devices and computers and pre-certified card readers that support chip cards and contactless payments. What sets Stripe apart from Authorize.net is the fact that it doesn’t have a monthly subscription model. However, it provides comprehensive support for its customer. You can find 24/7 email, phone, and chat support as well as access to an extensive online support center. That’s not all, though; you can also contact the Stripe team to get pricing for customized payment solutions.

Best Payment Solution For Small Businesses:


PayPal is a famous digital wallet company that Elon Musk and his friends started back in 1999. While Elon and his team did move on in 2002 by selling PayPal to eBay, it is in no way dead. Ever since the sale, PayPal has gone from strength to strength and established itself as one of the most versatile and recognized online payment processors in the market today. We consider PayPal to be the best payment solution for small businesses because it allows its customers to pay with PayPal as well as just about any other payment type and all at an affordable rate.

PayPal is one of the most famous names out there when it comes to payment solutions, and because of that, small businesses that use its services see increase checkout conversions by 44%. PayPal has always focused on user experience and made sure that taking up its service is easier than most other payment solutions out there. All you need to do is to create an account and add a “Pay by PayPal” button on their website. You can even consider it one of the best payment solutions for marketplaces due to its versatility.

If you want to unlock the advanced payments and checkout features, then you would have to sign up for PayPal Payments Pro. The pro plan lets you accept payments from American Express, Visa, Mastercard, Discover, Venmo, and PayPal Credit. It also allows you to integrate major e-commerce platforms like Shopify, Squarespace, BigCommerce, and WooCommerce. The pro plan also offers phone-based credit card payments, online invoicing, and in-person payments.

Best Payment Solution For Brick & Mortar Businesses:


Founded by Jack Dorsey in 2009, Square started providing online payment solutions that could be used on smart devices rather than bulky and expensive POS hardware to retailers. The Twitter co-founder created one of the best payment solutions for brick-and-mortar businesses. What makes it one of the best is the fact that it lets its users accept both in-person and online payments, and there are no setup and startup costs. It also includes a free mobile card reader as well for retailers who take up its service. One thing we don’t like about Square is that it doesn’t support PayPal.


However, it supports all major credit cards and other payment types like Apple Pay and Google Pay. We say it’s the best for brick and mortar businesses only because it can’t process ACH or electronic check payments, but it does allow users to accept payments by website, invoice, or over the phone. Square’s accessibility is fantastic as well, and you can download the software for free on any iOS or Android device and take payments using a plugin mobile credit card reader Square offers free of charge. With Square, you can easily accept credit card payments using just a smartphone or tablet, making it a perfect choice for food carts, farmer’s markets, craft booths, and other mobile merchants.

Best Payment Solution For Startups:


Braintree was founded back in 2010 as an online payment platform. PayPal acquired Braintree back in 2013, and since then, it supports in-store as well as online payments. What makes it the best payment solution for startups in our eyes is the fact that it has an easy-to-use platform with simple pricing that accepts all major payment types. While you may not find new and exciting features in Braintree but it makes up for its lackings through the sheer simplicity of its usability.

Braintree has a sleek interface and ensures a seamless checkout experience on any website. It supports most major e-commerce platforms, invoicing software, analytics apps, and many other things. One of the reasons Braintree is so popular amongst startups is because it offers a merchant service account and accepts all major credit cards, digital wallets, ACH deposits, Venmo, and PayPal in over 130 different currencies.

It also has features like recurring billing, a customer information manager, automatic account updaters, reporting tools, data encryption, and fraud prevention tools. You can also do in-store payments using a mobile app and PayPal Here card reader, customizable checkout flows, customer loyalty, and rewards with Braintree. And it allows its users the ability to securely share sensitive customer and payment data with trusted partners using the Braintree Vault.

Best Payment Solution For Multi Channels:


WePay is a payment solution by Chase that started out as a peer-to-peer group payment platform. It offers users an integrated merchant account through Chase Merchant Services with a payment gateway. One of the reasons we think it’s the best payment solution for handling multiple channels is that it allows its users to manage complex payment requests across various online platforms with the utmost ease. Now, we wouldn’t include it as the best payment solution here if it didn’t take all major credit cards. But that’s not all though it also accepts Chase Pay and ACH payments.

WePay can handle complex payment requests, including multiple payers and crowdfunding campaigns, and you can set it up with your email address right now and start accepting payments. Its customization features ensure it’s the perfect tool for omnichannel marketing. WePay users can create customizable checkout flows that support both online and in-person payments and refunds. You can even have your development team use WePay’s APIs to create anything from simple payment links to leveraging Chase Merchant Services’ same-day deposit and transaction reporting features.

What we love about WePay is that it has a mobile POS, 100% coverage for losses due to chargebacks and scams, and robust support from training to escalation, along with a detailed knowledge base to aid its users. Now, WePay has no listed pricing information on its website, but from our research, we found that it offers competitive rates of 2.9% plus $0.30 per transaction and processes ACH payments for 1% plus $0.30 per transaction.

Best For Payment Solution For Selling Internationally:


2Checkout started its journey at the start of the new millennia. The company allows merchants to accept online and mobile payments from buyers worldwide and has over 20,000 clients worldwide. 2Checkout offers localized buying experiences for customers in over 200 countries and territories and supports nearly 100 currencies making it a top-rated payment solution for international sellers. Its payment gateway 2Sell accepts all major credit cards and payments, including MasterCard, Visa, American Express, JCB, and PayPal.

We think it’s the best payment solution for international sellers because, along with its features, 2Checkout supports payments in 15 different languages. You can create and host your own checkout page, set recurring transactions, compile payment history reports, and integrate the platform with over 120 e-commerce platforms, shopping carts, and invoicing systems. 2Checkoout is also versatile in its offering as it lets merchants sell services, digital products, physical products, and subscriptions.

The company also features an account updater to keep customer information up to date. 2Checkout also offers global customers mobile-friendly localized buying experiences, along with coupons and discounts. It also comes with shopping cart templates and different tools to help boost conversions. You will also get a commerce dashboard with instant insights into sales and other customer metrics, making it not only highly versatile but also an effective payment solution that will help your business grow.

The Best Payment Solution For Fintech & Legaltech Companies:

The Zed Network

The Zed Network started its journey in relatively recent times. However, its journey is longer than most other payment orchestration platforms around, from the brains behind ZipZap, a P2P remittance company that looked to lower the exorbitant cross-border remittance costs. The ZipZap team saw that helping Money Transfer Operators (MTOs) build efficient platforms will help achieve their goal. They started to create solutions for banking, cash flow, and technology issues. Alan and the Zed Network team found that seamlessly scaling up and integrating dozens of corridors for sending and receiving payments was one of the significant problems plaguing MTOs, FOREX & Cryptocurrency trading platforms, Fintechs, Legaltechs, and international corporations.

So the team partnered up with AEFX to create an API solution that allows merchants to connect to the same vast global payment network of large MTOs and trading platforms with much better rates. Zed is the best payment solution for Fintech & Legaltech companies because of what it offers. The payment orchestration platform specializes in domestic and cross-border payment acceptance (collections) and payouts (disbursements) with solutions that help clients avoid directly integrating with multiple payment processors, managing various platforms, and ingesting non-standardized reporting files.

Zed’s services are designed to liberate foreign exchange transactions, remove opacity, hidden fees, and complexity that has traditionally plagued Fintech & Legaltech companies. Zed does that by significantly improving cross-border payments to minimize costs and make them simple, user-friendly, and transparent. You can find out more about how Zed Network compares to other payment orchestration platforms here.

Work With The Solution That Fits Your Needs

So there you go, those are the best payment solutions you can check out. We made sure to divide each company by the industry it specializes in to ensure you find the best payment solution that fits your needs. We here at the Zed Network work tirelessly to create, enhance, and simplify the payment process to ensure businesses are easily able to generate revenue and grow. So if you need comprehensive payment orchestration solutions or want to know more about how you can simplify your cross-border payments, please contact us.

And with that being said, that’s about all we have for you. Let us know in the comments below the type of trouble you are having with your payment features, and we will let you know how you can optimize it. Also, hit us up on our socials and send in your thoughts and suggestions. We’d love to hear your feedback as it will help us improve our service to better cater to your needs, so do send them in. So that brings us to an end. We will come back with something new for you soon. Until then, see ya!

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