The proliferation of e-commerce sites has increased in the past, and, as a result, many electronic payment platforms have emerged, offering e-stores a secure and easy way to receive payments from online shoppers.
Perhaps the most popular of these platforms is PayPal, created in 1998, and is, therefore, one of the world’s leading electronic payment platforms, supporting the processing of more than 200 currencies around the world, and controlling more than half of the market share of electronic payment platforms.
Although PayPal controls most of this market, there are many other reliable alternatives used by many e-commerce sites around the world.
Here are 7 of the best e-commerce platforms
Stripe is one of the most promising and fastest-growing platforms in the industry, currently representing nearly 20% of the electronic payment platform market, although it entered the competition relatively recently, established in 2010.
The Stripe platform is easily integrated into its API, with e-commerce sites, and the platform is suitable for start-ups, medium, and large companies, drawing on millions of companies in 120 countries around the world.
The Square online payment management platform was founded in 2009 by Twitter partners Jim McKelvey and Jack Dorsey, Ceo of Twitter, and is currently used by more than 2 million companies worldwide.
In addition to providing an online payment management service for e-commerce sites, Square also provides technical solutions for retailers, including POS devices.
3- Amazon Pay
Founded in 2007, this Amazon platform supports the management and processing of electronic payments made using credit cards on e-commerce sites but does not support payments by PayPal, Bitcoin or bank transfers based on ACH.
This platform can integrate with Amazon’s Alesca Voice Assistant, where customers can search and purchase products on your site using voice commands.
Braintree was founded in 2007 and acquired by PayPal in 2013 and still a subsidiary, providing traditional electronic payment management solutions for e-commerce sites, but also supports payment using Digital Wallets, such as Google Pay, Apple Pay, Venmo, and others.
The platform also offers e-stores the possibility to receive payments by bank transfer from some local electronic banks in some countries such as Giropay in Germany, EPS in Austria, and others.
This platform is used by many renowned technology companies such as Uber, Dropbox, GitHub, Airbnb, and others.
Intuit was founded in 1983 as a company specializing in the development of financial and tax accounting software, and with the advent of the Internet, and the e-commerce boom, Intuit launched its online payment management services.
Intuit provides a platform called Quickbooks, which e-stores can easily include on their sites, and enjoy the benefit of receiving and managing electronic payments.
This platform is one of the few electronic payment platforms founded before PayPal, founded in 1996 and acquired by VISA in 2010.
The Authorize.NET platform uses more than 430,000 online stores worldwide, and the most important feature of this platform is its 24-hour technical support team.
2Checkout began officially offering its services to e-commerce sites in 2006 and was acquired by Avangate in 2017, and the platform has recently made significant improvements to the control panel user interface.
More than 17,000 companies rely on the 2Checkout platform, including HP, BitDefender, and Kaspersky.