How to Take Payments Without a Credit Card Machine

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August 21, 2020 Business

These days, just about every business needs to be able to accept credit or debit card payments and we all know they use a machine for that. Few people want to pay by cash these days, particularly for larger purchases. Additionally, cash payments can present a range of logistical and security challenges for businesses, not to mention that accepting cash payments is impossible for online transactions. At the same time, credit card machines are not feasible for not only online businesses, but also operations such as mobile hairdressers, plumbers and electricians. For all of this kind of enterprises, it is necessary to find a solution that will allow you to take payments without having a credit card machine.

There are a variety of online credit card processing methods that allow you to easily accept credit and debit cards from your customers either online or in person. Below are 7 great options you can use – read on to learn about each and work out which is best for your business.

How to take payments without a credit card machine

Paypal

PayPal is a digital payment service that makes online money transfers and serves as a digital substitute for traditional paperwork methods including checks and bills. PayPal account makes checkout easier, faster, and simpler. You can use it to connect to an account with a credit card or debit card.

PayPal allows users to set up an account linked to a credit card or a bank account. Upon confirmation of identity and proof of funds, users may begin sending or receiving payments online or via the app or website, with a user-friendly interface.

PayPal is known for sending payments electronically in a very secure manner, so your customers will feel assured in using this platform to make payments. Additionally, many people already have PayPal accounts and if they don’t have one already, it is easy to set up.

Beepaid

Beepaid is an ideal system for making payments on the go. Your customers can make immediate payments via desktop or smartphone screen, using a secure connection with confirmation upon receipt of payment. All you need to do is request a payment from your end and your customer will receive a text or email that takes them to a secure payment page.

Another benefit of this platform is that it makes it easy to review the transaction records and you can easily keep track of all the overdue payments.

The system saves customer details for future transactions, and all you’ll need to raise invoices and request payment is your phone.

Skrill

Skrill is an electronic banking system that lets you make a purchase and send money to an almost unlimited number of countries across the world. Skrill facilitates fast, reliable, simple, and inexpensive digital money transfers. Their safeguards are greater. A broad network of transactions providing electronic payment services, both in person and via certain networks.

The disadvantage of Skrill is that, like Paypal and many other platforms, your customers will need to set up an account if they do not have one already. You’ll also need to rely on them to be savvy enough to send the transaction. However, this shouldn’t be too much of an issue as Skrill is pretty easy to use.

Stripe

Stripe is an application and finance corporation based in the US. The company offers standard payment processing services and application frameworks for e-commerce websites and other online businesses. Stripe is a good option for businesses as it has very few setup fees, recurring payments, and no hidden costs.

Credit card information entered on your payment form will never be sent to your server using Stripe, meaning that customers can feel assured that their data is private and secure. Furthermore, stripe offers sophisticated machine learning tools to protect against fraud.

GoCardless

GoCardless is an electronic payment system that can be embedded into your FreeAgent profile to allow you automatically accept payments for your business. GoCardless is an online platform that lets users pay via Direct Debit or Credit Card. It can also be used to pay for all types of recurring billing such as recurring client bills, rental software, or holiday installments.

GoCardless is certified by the financial services authority, with comprehensive security measures in place, giving your customers peace of mind. They can use the platform’s dashboard to accept and track regular and one-off payments, as well as reauthorize, alter, and delay bill payments quickly and easily.

SecurePay

SecurePay is a fully-featured, all-in-one electronic portal and business payment solution. This secure payment platform is geared toward eCommerce, but can also be used by other online businesses. It also offers customized solutions for hotels and tourism operators. Companies can use it to accept electronic payments, view comprehensive reports, and access free support from the platform.

One feature of SecurePay is that it can send an alert to your customer that they need to make a payment and provide a secure connection. Your client then simply clicks on the link, and it will direct them to a 3D-Secure payment service for the transaction. SecurePay also accepts on-demand requests for payment for some other forms of non-present card payments.

Amazon Pay

Amazon Pay is an Amazon-owned, electronic payment processing platform. This is a quick, easy, and convenient way to pay online from a smartphone or computer linked to a chosen credit or debit card or Amazon Pay balance. Amazon Pay is not limited to purchases on Amazon.com: it can also be used to make purchases on third-party websites.

No matter the type of business you have, you can find a range of platforms that allow you to accept payments without a credit card machine. Be sure to carefully check the features, functions and fees of each in order to find the method that is best for your business.