Top 10 Online Payment Methods In The World 2022

Are you looking for the perfect online payment method for your website?  we’ve made a compilation of the top 10 online payment methods in the world in 2022.

The importance of having a smooth online payment method on your website cannot be overstated, aside from its efficiency, security and reliability, it also attracts more users and customers.

Before getting to our list, it is imperative to define what a payment method is, and what makes up a good payment method

What is a Payment Method?

A payment method is a technological term for devices and software by merchants to accept debit or credit card purchases from customers.

The payment method is a key component of the electronic payment processing system, as it is the front-end technology responsible for sending customer information to the merchant acquiring bank, where the transaction is then processed.

A good Payment method must be fast, and trustworthy. It should also ensure the security and confidentiality of the customer and allow merchants to accept multiple transactions facility (debit cards, credit cards, wallets, etc.) securely on the website.

A bad or non-functioning payment method has a lot of negative side effects on the business, such as loss of sales and customers. So it is important that the payment method  is set up in the right manner and properly functional

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Top 10 online payment methods in the world 2022

1. Paypal
2. Amazon Pay
3. Google Pay
4. Apple Pay
5. Skrill
6. Stripe
7. 2checkout
8. BlueSnap
9. Securion Pay
10. Square

1. Paypal

Paypal is an eCommerce payments platform designed to help people and companies to send and receive payments without providing financial information. It is one of the top-rated payment Methods that allow users to send or receive payments across the globe with just an email address instantly.

The platform with over 254 million users operates in 203 countries. It’s currently used by over 17 million businesses and supports widely used credit cards like Visa and Mastercard.

2. Amazon Pay

Taking second place among the top online payment methods in the world is Amazon pay, a platform designed for Amazon merchants and shoppers. It is an easy, fast and secure payment solution that operates in 8 countries as of now.

The platform is loaded with great features and tools that attract customers and encourage them to shop more, make their shopping process streamline and improve customer engagement and loyalty via saved payment details for faster checkouts.

3. Google Pay

Google Pay is a digital wallet platform and an online payment method designed by Google to power in-app, online, and in-person contactless purchases on mobile devices, enabling users to make payments with Android phones, tablets, or watches.

The platform allows retailers to set up loyalty programs, digital gift cards, and deals for customers. It also works with PayPal and Visa and is currently available in 42 countries. Users in the United States and India can also use an iOS device, albeit with limited functionality.

4. Apple Pay

Apple pay takes fourth place among the top online payment methods in the world in 2020, despite its availability on just apple devices including the apple watch and mac. Just like Google pay, the platform also serves as a digital wallet, when they’re out and about.

The platform is available in 73 countries and is completely free for both merchants and customers.  It also supports both international payment schemes—such as American Express, Visa and Mastercard—as well as country-specific domestic payment schemes.

5. Skrill

Skrill is a well-known payment method around the world, therefore taking the sixth place on our list. The platform was established in the year 2001 and offers a range of online payment and money transfer services. It also has many top companies as its customers.

The platform operates in over 120 countries and supports over 40 different currencies that enable customers to purchase products and services worldwide. They also offer cross-border payments via its remittance service Skrill Money Transfer.  This service enables customers to send money to a bank account overseas using their bank card.

6. Stripe

Stripe is a cloud payment gateway platform that helps to accept and manage online transactions anywhere in the world. It provides complete solutions to process online payments and also offers great features like a custom UI toolkit, embeddable checkout and consolidated reports.

The platform ensures a smooth moment of funds in your business while connecting with the application interface that enables you to prevent frauds with great security, manage revenue and drive sales globally. It also provides an open API that helps in integrating with your business ecosystem.

7. 2Checkout

2Checkout is a global payment method that accepts payments from across the world in a number of different currencies. They provide a customizable checkout that you can design and add to your website, extensive fraud protection, and a responsive design that ensures customers can easily check out across devices.

They offer an API that makes adding the processing solution to your website fairly simple, while also providing the flexibility to customize it as needed. The company charges 2.9% plus 30 cents per transaction, with extra fees for foreign customers. Check out their guide to payment processing.

8. BlueSnap

BlueSnap is a global payment method designed to help businesses to accept payments easily. The platform enables businesses to scale globally and accept payments from local to international customers. It is highly secure and built with a fraud prevention system to minimize risks.

Bluesnap has a network of over 30+ acquiring banks, this ensures customer trust, increases conversion rate and improves revenues. It operates in 180 countries and connects automatically with acquiring banks globally. It supports 110 different payment types, 100 currencies, and 29 different languages.

9. SecurionPay

SecurionPay provides secure online and mobile payment solutions that support multiple operating systems like Windows, Mac, Linux, Android and iOS. It is one of the best platforms that provide a one-stop solution for companies that require online payments and offer paid subscriptions.

The platform also offers fast and secure integration to your websites, like embedded payment forms and an advanced checkout feature that allows immediate payment processing.

10. Square

Square is a payments platform aimed at small and medium businesses that allow them to accept credit card payments and use tablet computers as payment registers for a point-of-sale system. The platform API accepts many of the payment methods included here (Google Pay, Apple Pay, Masterclass), as well as credit card payments.

In addition to payment processing, they offer an easy checkout solution that allows customers to set up profiles at the same time that they provide their payment information. Like many of the other solutions, Square charges 2.9% plus $.30 per payment.