# Best Payment Processing Software - Page 15 *By [Subhransu Sahu](https://research.g2.com/insights/author/subhransu-sahu)* Payment processing software helps businesses securely handle and track business-to-business (B2B) payments from customers and to suppliers. It supports any organization that accepts non-cash payments by ensuring transactions are timely, accurate, and integrated with downstream financial systems. ### Core Capabilities of Payment Processing Software To qualify for inclusion in the Payment Processing category, a product must: - Collect customer payment information and relay it to a bank for approval or denial - Transmit approval or denial of a transaction back to the customer or merchant - Support multiple payment methods such as credit card, ACH, or wire transfer - Define and track customizable payment rules, terms, and deadlines - Identify errors such as late payments, overpayments, or failed transactions - Integrate with ERP, accounting, or accounts receivable and accounts payable systems ### How Payment Processing Software Differs from Other Tools Payment processing software focuses on secure transaction handling and status verification, working closely with related tools such as [payment gateways](https://www.g2.com/categories/payment-gateways), [accounting software](https://www.g2.com/categories/accounting), [AP automation software](https://www.g2.com/categories/ap-automation), [e-commerce platforms](https://www.g2.com/categories/e-commerce-platforms), and [retail POS systems](https://www.g2.com/categories/retail-pos). Its distinguishing value lies in managing payment execution and error identification across diverse payment methods. ### Insights from G2 on Payment Processing Software Based on category trends on G2, the importance of reliable transaction approval, seamless integrations, and accurate detection of payment issues to maintain smooth financial operations. ## How Many Payment Processing Software Products Does G2 Track? **Total Products under this Category:** 543 ### Category Stats (May 2026) - **Average Rating**: 4.38/5 - **New Reviews This Quarter**: 267 - **Buyer Segments**: Small-Business 70% │ Mid-Market 22% │ Enterprise 8% - **Top Trending Product**: QuickBooks Payments (+0.128) *Last updated: May 18, 2026* ## How Does G2 Rank Payment Processing Software Products? **Why You Can Trust G2's Software Rankings:** - 30 Analysts and Data Experts - 20,800+ Authentic Reviews - 543+ Products - Unbiased Rankings G2's software rankings are built on verified user reviews, rigorous moderation, and a consistent research methodology maintained by a team of analysts and data experts. Each product is measured using the same transparent criteria, with no paid placement or vendor influence. While reviews reflect real user experiences, which can be subjective, they offer valuable insight into how software performs in the hands of professionals. Together, these inputs power the G2 Score, a standardized way to compare tools within every category. ## Top Payment Processing Software at a Glance | # | Product | Rating | Best For | What Users Say | |---|---------|--------|----------|----------------| | 1 | [PayPal Payments](https://www.g2.com/products/paypal/reviews) | 4.4/5.0 (2,675 reviews) | Global payment collection and transfers | "[Hassle-Free International Payments with PayPal](https://www.g2.com/survey_responses/paypal-payments-review-12829403)" | | 2 | [Amazon Pay for Business](https://www.g2.com/products/amazon-pay-for-business/reviews) | 4.5/5.0 (568 reviews) | Amazon-account checkout for faster payments | "[Efficient, User-Friendly Payment Solution](https://www.g2.com/survey_responses/amazon-pay-for-business-review-12661035)" | | 3 | [Venmo](https://www.g2.com/products/paypal-venmo/reviews) | 4.6/5.0 (259 reviews) | Fast mobile payments for small transactions | "[Convenient, No-fee Transfers with Instant Payments.](https://www.g2.com/survey_responses/venmo-review-12670039)" | | 4 | [BILL AP/AR](https://www.g2.com/products/bill-ap-ar/reviews) | 4.4/5.0 (1,778 reviews) | Automated AP and AR payment workflows | "[Great Bill Payment Platform](https://www.g2.com/survey_responses/bill-ap-ar-review-12713619)" | | 5 | [Stripe Payments](https://www.g2.com/products/stripe-stripe-payments/reviews) | 4.2/5.0 (445 reviews) | Developer-friendly online payment integration | "[Very easy to integrate with other websites and other apps / modules. Never had any issues.](https://www.g2.com/survey_responses/stripe-payments-review-11242701)" | | 6 | [Adyen Payments](https://www.g2.com/products/adyen-payments/reviews) | 3.8/5.0 (33 reviews) | Unified online and in-store payment operations | "[All-in-One Payment Processing for Online and In-Store Sales](https://www.g2.com/survey_responses/adyen-payments-review-12661504)" | | 7 | [Nickel](https://www.g2.com/products/nickel/reviews) | 4.9/5.0 (169 reviews) | Low-cost ACH and invoice payments | "[Low Fees and Easy Invoicing with Nickel and QuickBooks Online Integration](https://www.g2.com/survey_responses/nickel-review-12702130)" | | 8 | [FreshBooks](https://www.g2.com/products/freshbooks/reviews) | 4.5/5.0 (952 reviews) | Invoicing and recurring payment collection | "[Straightforward Invoicing and Tracking with a Clean, Easy-to-Navigate Interface](https://www.g2.com/survey_responses/freshbooks-review-12668419)" | | 9 | [checkout.com](https://www.g2.com/products/checkout-com/reviews) | 4.6/5.0 (69 reviews) | Global payment processing and transaction visibility | "[The best tool to check on transaction statuses internationally](https://www.g2.com/survey_responses/checkout-com-review-11709452)" | | 10 | [Ignition](https://www.g2.com/products/ignition/reviews) | 4.7/5.0 (121 reviews) | — | "[All-in-One System That Simplifies Proposals, Engagement Letters, and Invoicing](https://www.g2.com/survey_responses/ignition-review-12759341)" | ## Which Payment Processing Software Is Best for Your Use Case? - **Leader:** [PayPal Payments](https://www.g2.com/products/paypal/reviews) - **Highest Performer:** [Skyline Payments](https://www.g2.com/products/skyline-payments/reviews) - **Easiest to Use:** [Nickel](https://www.g2.com/products/nickel/reviews) - **Top Trending:** [Nickel](https://www.g2.com/products/nickel/reviews) - **Best Free Software:** [BILL AP/AR](https://www.g2.com/products/bill-ap-ar/reviews) ## Which Type of Payment Processing Software Tools Are You Looking For? - [Payment Processing Software](https://www.g2.com/categories/payment-processing) *(current)* - [Payment Gateways](https://www.g2.com/categories/payment-gateways) - [Accounts Receivable Software](https://www.g2.com/categories/accounts-receivable) - [Enterprise Payment Software](https://www.g2.com/categories/enterprise-payment) --- **Sponsored** ### Merchanto We help businesses automatically prevent chargebacks and fraud, secure merchant accounts, and recover funds. [Visit website](https://www.g2.com/external_clickthroughs/record?secure%5Bad_program%5D=ppc&secure%5Bad_slot%5D=category_product_list&secure%5Bcategory_id%5D=1975&secure%5Bdisplayable_resource_id%5D=1975&secure%5Bdisplayable_resource_type%5D=Category&secure%5Bmedium%5D=sponsored&secure%5Bplacement_reason%5D=page_category&secure%5Bplacement_resource_ids%5D%5B%5D=1975&secure%5Bprioritized%5D=false&secure%5Bproduct_id%5D=1392706&secure%5Bresource_id%5D=1975&secure%5Bresource_type%5D=Category&secure%5Bsource_type%5D=category_page&secure%5Bsource_url%5D=https%3A%2F%2Fwww.g2.com%2Fcategories%2Fpayment-processing%3Flocale%3Des%26page%3D11&secure%5Btoken%5D=be182ee3272a9c0c87f6622c083ea9fa6f7ef579194b7a85df8416ee2b6a16ca&secure%5Burl%5D=https%3A%2F%2Fmerchanto.org%2F%3Futm_source%3Dg2%26utm_medium%3Dcpc%26utm_campaign%3Dwidget%26utm_id%3D2&secure%5Burl_type%5D=custom_url) --- ## Buyer Guide: Key Questions for Choosing Payment Processing Software Software ### What does Payment Processing software do? I view Payment Processing software as the system that helps businesses accept, send, record, and track payments. It supports the transaction itself and the financial records connected to it. These tools often manage card payments, ACH, digital wallets, invoices, vendor bills, POS payments, payouts, refunds, and accounting sync. For teams handling customer payments or vendor transactions, the software keeps payment status, customer or vendor details, and financial activity easier to manage in one place. ### Why do businesses use Payment Processing software? From the reviewer patterns I evaluated, businesses used Payment Processing software to reduce manual work around collecting money, paying vendors, and tracking payment status. Users often describe faster invoice collection, easier vendor payments, fewer bank steps, and clearer records of who paid and how. The recurring benefits are practical: - Reviewers like invoice payment links, ACH options, card payments, and digital wallet support. - Users value accounting sync because payment records need to match invoices and customer accounts. - Vendor self-service and reminders help reduce back-and-forth for AP and AR teams. - Payment tracking gives businesses a clearer view of deposits, payouts, and open balances. Friction areas include fees, settlement timing, support delays, sync errors, reporting limits, account holds, and missing bulk-payment controls. ### Who uses Payment Processing software primarily? After reviewing user roles and workflows, I found that Payment Processing software is used by: - **Finance teams** to track deposits, payouts, fees, and payment status. - **Accounting teams** to sync payments with invoices, customer records, and bank activity. - **AP teams** to pay vendors, manage approvals, and reduce manual entry. - **AR teams** to collect invoices, send reminders, and reconcile payments. - **Operations teams** to manage payment workflows tied to service delivery or admin work. - **Owners and administrators** to keep cash movement visible without moving between banks, spreadsheets, and accounting tools. - **Customer-facing teams** who use links, portals, or POS tools to collect payment during service or checkout. ### What types of Payment Processing software should I consider? Based on G2 review themes, Payment Processing software users segment this category into the following types: - **AP and AR automation platforms:** Best for vendor payments, invoice collection, approvals, reminders, and accounting sync. - **Checkout and digital wallet tools:** Best for websites, portals, app payments, and customer-facing payment flows. - **POS payment tools:** Best for in-person sales, product records, customer details, and card acceptance. - **Cross-border payout tools:** Best for international payments, contractor payouts, and currency-related workflows. - **ACH and disbursement systems:** Best for bank payments, payroll-adjacent payouts, and recurring money movement. ### What are the core features to look for in Payment Processing software? When I assess this category, the following core functions are common across the strongest platforms: - Card, ACH, wallet, bank transfer, and invoice payment support. - Payment links and customer-facing checkout options. - Vendor profiles, customer records, and approval flows. - Reminders, refund handling, failed-payment controls, and chargeback support. - Transaction search, exports, dashboards, and payout tracking. - Accounting sync, invoice status updates, and bank reconciliation. - Fee visibility, fraud controls, bulk actions, and support access. ### What trends are shaping Payment Processing software right now? From my evaluation of review patterns and current market research, several themes stand out: - **More payment rails in one workflow:** Businesses are comparing cards, ACH, instant payments, wallets, and bank transfers together. - **ACH and Same Day ACH growth:** Payment systems are being judged by speed, cost, and settlement visibility. - **Fraud and risk controls:** Buyers are paying closer attention to account holds, verification, chargebacks, and payment disputes. - **Embedded payments:** Payment activity is moving deeper into invoices, customer portals, marketplaces, and business software. - **AI-assisted fraud and reconciliation:** Payment providers are using AI more often for risk scoring, transaction optimization, and settlement work. ### How should I choose Payment Processing software? I recommend starting with the payment workflow that creates the most manual work. If the team pays vendors, prioritize approvals, ACH support, vendor onboarding, and accounting sync. If the team collects customer payments, focus on invoice links, card fees, checkout setup, reminders, deposits, and refund handling. For in-person sales, check POS reliability, reporting, and how product or customer details carry into payment records. --- ## What Are the Top-Rated Payment Processing Software Products in 2026? ### 1. [FinOn Payment Solutions](https://www.g2.com/products/finon-payment-solutions/reviews) **Product Description:** FinOn is a Dubai-based technology provider specializing in next-generation digital payment solutions and services for Banks, PSPs, Card Processors, and large merchants. We provide White Label Payment Gateway for card and A2A instant payments, 3D Secure Server with iOS and Android SDKs; 3D Secure ACS, and Payment Gateway as a Service. ### 2. [Fintecture](https://www.g2.com/products/fintecture/reviews) **Product Description:** The safer & cheaper immediate transfer. Free up your business. Seamless transactions to reduce your costs. A smooth experience to increase your conversion rate. No sensitive data collected for absolute security. ### 3. [Fiskl Accounting](https://www.g2.com/products/fiskl-accounting/reviews) **Average Rating:** 4.6/5.0 **Total Reviews:** 14 **Product Description:** Discover Fiskl: The All-In-One AI-Powered Finance Management and Accounting App for Small Businesses Managing your small business finances doesn't have to be painful and time-consuming. Fiskl makes it easy with a comprehensive suite of accounting, invoicing, reporting, and financial tools tailored for entrepreneurs' needs. Trusted by over 70,000 SMEs globally, Fiskl provides award-winning financial management accessible anywhere via mobile. Key features include: 🔹 Full Accounting Capabilities: Fiskl delivers complete double-entry accounting covering invoicing, bank/credit card connections, expense tracking, reconciliation, financial statements, and more. 🔹 AI-Powered Automation: Our proprietary auto-categorization engine uses AI to automatically categorize transactions, match transfers, and reconcile accounts, saving hours of manual work. 🔹 Mobile Apps: Our iOS and Android apps enable managing finances on the go with full accounting on mobile - a must for today's businesses. 🔹 Multi-Currency: Advanced multi-currency support across 168 currencies with automated reconciliation of foreign transactions. 🔹 Global Tax Handling: Built-in tax compliance for 100+ countries with automated VAT calculations and reporting. 🔹 Multi-Language Invoicing: Create professional invoices in over 60 languages to smoothly communicate with international clients. 🔹 Extensive Payment Options: Fiskl integrates with leading payment gateways like Stripe, PayPal, Apple Pay, and many more. 🔹 Bank Feeds & Sync: Automatically import transactions from over 21,000 banks globally into accounting via bank feeds and our syncing engine. 🔹 Custom Reporting: Build fully customizable financial statements with drag-and-drop simplicity to track KPIs for your business. 🔹 Collaboration: Client portals allow sharing invoices and accounting visibility with your customers and accountant. 🔹 API & Integrations: Fiskl APIs enable connecting other tools like POS systems, e-commerce platforms, and CRMs. 🔹 Suitable for Any Industry: Users range from freelancers to retail stores to agencies - Fiskl caters to all types of small businesses. With Fiskl's automation, mobile access, seamless global coverage, and intuitive design, you can say goodbye to accounting hassles. Instead of juggling spreadsheets, enjoy insightful financial overviews in minutes via desktop or mobile. Join the thousands of entrepreneurs who have made the switch to Fiskl. Sign up today and take control of your business finances! #### What Are Recent G2 Reviews of Fiskl Accounting? **"[Great app for small businesses](https://www.g2.com/survey_responses/fiskl-accounting-review-4954734)"** **Rating:** 5.0/5.0 stars *— Verified User in Public Relations and Communications* [Read full review](https://www.g2.com/survey_responses/fiskl-accounting-review-4954734) --- **"[Simple, User friendly and powerful App](https://www.g2.com/survey_responses/fiskl-accounting-review-5023487)"** **Rating:** 5.0/5.0 stars *— Thanushka I.* [Read full review](https://www.g2.com/survey_responses/fiskl-accounting-review-5023487) --- #### What Are G2 Users Discussing About Fiskl Accounting? - [What is Fiskl used for?](https://www.g2.com/discussions/what-is-fiskl-used-for) ### 4. [FiSTWorks](https://www.g2.com/products/fistworks/reviews) **Product Description:** FiSTWorks is a comprehensive ACH payment solution tailored for small to medium-sized businesses seeking to streamline their payment processes without incurring per-transaction fees. By enabling users to generate NACHA-compliant ACH files, transmit them directly to their bank via SFTP, and manage returns—all within a single platform—FiSTWorks simplifies the complexities associated with ACH transactions. This platform is particularly beneficial for businesses processing between 10 to over 200 payments monthly, offering a cost-effective alternative to traditional check writing and cumbersome bank portals. Key Features and Functionality: - ACH Validator: Ensures NACHA compliance by validating ACH files before bank submission, identifying formatting errors, and verifying routing numbers. - ACH Drafting Tools: Allows users to save bank and recipient details, facilitating the rapid generation of NACHA-compliant ACH files. - ACH Validation API: Provides a REST API for integrating ACH file validation into existing applications, returning compliance results in JSON format. - Guided Correctness: Validates routing numbers upon entry and enforces field constraints in real-time, preventing the generation of invalid files. - Educational Support: Offers in-context help links to a comprehensive wiki, assisting users in understanding complex terms and selecting appropriate SEC codes without leaving the platform. - Reusable Templates: Enables saving of recipients, cloning of drafts, and creation of templates, allowing for quick addition of multiple vendors and reducing repetitive data entry. - Enterprise-Grade Security: Operates on Microsoft Azure with SOC 2 Type II, ISO 27001, and PCI DSS certifications, featuring encrypted SFTP credentials, passwordless authentication with multi-factor options, data masking, immutable audit trails, and minimal data retention. Primary Value and User Solutions: FiSTWorks addresses the challenges small to medium-sized businesses face in managing ACH payments by offering an intuitive, secure, and cost-effective platform. It eliminates the need for writing checks, reduces reliance on complex bank portals, and provides tools that ensure compliance and accuracy in ACH transactions. By automating and simplifying the payment process, FiSTWorks saves time, reduces errors, and enhances financial operations for its users. ### 5. [FORM3](https://www.g2.com/products/form3/reviews) **Product Description:** Form3 is a fully managed payment technology service combining a powerful AWS cloud processing platform, multiple-scheme payment gateways and a fully managed 24x7 service model. ### 6. [Forward](https://www.g2.com/products/forward-2024-06-14/reviews) **Product Description:** Payment facilitation software and services platform built by software creators, enabling software creators to 2x-3x their revenue by embedding payments. ### 7. [FSS Real-time Payments](https://www.g2.com/products/fss-real-time-payments/reviews) **Product Description:** Supercharge your transactions with lightning speed and scale with real-time payments. Investing in tomorrow's technology with FSS Real-time Payments and deliver future-ready customer experiences with one app for all banking requirements, QR payments, 2 factor authentication, Autopay, Bill payment and more. ### 8. [Fyorin](https://www.g2.com/products/fyorin/reviews) **Product Description:** Fyorin is a comprehensive financial operations platform that brings together a network of global financial institutions with access to over 220+ currencies to streamline cross-border payments and deliver unified treasury solutions. We provide global businesses with a single platform for global financial operations, accessing multiple financial institutions and expediting cross-border payments instantly to increase efficiency, reduce costs, and grow into new markets, without hassle. Key capabilities: Access to 220+ currencies, 30+ payment rails and 200 countries Cross-Border Payments Virtual Multi-Currency Cards Virtual Accounts (local IBANs) Treasury Management Multi-banking Expense Management Accounts Payable Accounts Receivable Integrations with ERPs and accounting tools Multi-tier team access management ### 9. [Gliderpay](https://www.g2.com/products/gliderpay/reviews) **Product Description:** Glider is a comprehensive payment communications platform designed to simplify and streamline bill payments for businesses. By integrating seamlessly into existing systems, Glider enhances operational efficiency and improves customer satisfaction by offering secure, flexible, and user-friendly payment solutions. The platform supports various payment methods, including credit and debit cards, digital wallets, and bank transfers, ensuring customers can pay using their preferred channels. With real-time reporting and analytics, businesses gain valuable insights into payment behaviors, enabling them to optimize their billing processes and increase the rate of successful collections. Key Features and Functionality: - Agent-Assisted Payments: Facilitate secure payments over phone and webchat, allowing agents to request and receive payments seamlessly. - Automated Payment Reminders: Set up and run tailored payment campaigns to remind customers of due payments, reducing overdue bills. - Self-Service Payments: Provide an AI-powered chatbot enabling customers to make payments 24/7 without human intervention. - Save Payment Methods: Allow customers to securely save their preferred payment methods for future transactions, enhancing convenience and speed. - Payment Plans: Offer flexible payment options with customizable dates, amounts, and frequencies to accommodate customer needs. - In-Person Payments: Enhance the customer payment experience by accepting payments without traditional terminals, using QR codes and digital channels. - Analytics & Insights: Access real-time reporting on user behaviors and payment patterns to inform business decisions. - Integrations: The platform is payment gateway agnostic and can be integrated with various business systems, ensuring flexibility and scalability. Primary Value and Solutions: Glider addresses the critical need for businesses to offer secure and convenient bill payment options, which is essential for improving customer satisfaction and increasing the rate of payments collected. By automating payment-related communications and providing multiple payment channels, Glider reduces manual tasks, minimizes errors, and streamlines workflows. The platform's real-time insights and reporting tools help businesses identify payment trends, reduce overdue bills, and enhance overall financial performance. Additionally, Glider's flexible and secure payment solutions cater to various business areas, including contact centers, billing departments, and collections, making it a versatile tool for optimizing payment processes. ### 10. [Guru Pay](https://www.g2.com/products/guru-pay/reviews) **Product Description:** A leading European financial services provider (EMI), offering dedicated IBANs, SWIFT/SEPA payments, and debit card functionality. Guru Pay streamlines excellence, guarantees safety and security, and are experts at B2B payments processing. ### 11. [High Risk Merchant Account](https://www.g2.com/products/high-risk-merchant-account/reviews) **Product Description:** High Risk Merchant Account LLC ( HRMA-LLC ) Provides alternative payment solutions to high risk business, otherwise turned down by traditional banking partners. Products include credit card merchant services and ach processing solutions to accept all forms of payments from customers & clients. Specializing in high volume merchant processing with high monthly volumes falling outside the risk tolerance of traditional banking partners. ### 12. [HiTRUSTpay](https://www.g2.com/products/hitrustpay/reviews) **Product Description:** HiTRUSTpay is a comprehensive e-commerce payment gateway designed to provide secure, efficient, and user-friendly payment solutions for online merchants. Serving over 3,000 customers in the Greater China region, HiTRUSTpay facilitates seamless transactions between merchants and credit card acquiring banks. The platform supports a wide array of payment methods, including major international credit cards and mobile payment options like Apple Pay, Samsung Pay, and Google Pay Wallet, ensuring a versatile and convenient payment experience for customers. With a strong emphasis on security, HiTRUSTpay is PCI-DSS Level 1 certified and supports EMVCo's 3-D Secure authentication, safeguarding sensitive transaction data and enhancing trust between merchants and their clientele. Key Features and Functionality: - Diverse Payment Methods: Supports various national and international credit cards, debit cards, and mobile payment options, catering to a broad customer base. - Multi-Currency Support: Offers online stores the flexibility to conduct sales and accept payments in multiple currencies, including Taiwan dollars and US dollars. - Advanced Security Measures: Achieved PCI-DSS Level 1 certification and integrates 3-D Secure authentication to ensure the highest standards of payment security. - User-Friendly Backend System: Provides an intuitive administrative interface designed for non-technical users, simplifying transaction management, account checks, and refund requests. - Quick Application Process: Ensures a swift and smooth onboarding process, allowing merchants to integrate the payment gateway without requiring technical expertise. Primary Value and Problem Solved: HiTRUSTpay addresses the critical need for secure and efficient online payment processing in the e-commerce sector. By offering a versatile range of payment options and robust security features, it enables merchants to provide a trustworthy and seamless payment experience to their customers. The platform's user-friendly design and quick integration process reduce operational complexities, allowing businesses to focus on growth and customer satisfaction. Ultimately, HiTRUSTpay enhances transaction security, broadens payment accessibility, and streamlines payment management for online merchants. ### 13. [Hubpay Corporate FX](https://www.g2.com/products/hubpay-corporate-fx/reviews) **Product Description:** Hubpay is a corporate FX service and provides a global multi currency account for UAE based businesses and also helps individuals to send money across the globe to 50+ countries. ### 14. [Hudson](https://www.g2.com/products/hudson-technology-systems-hudson/reviews) **Product Description:** Hudson Technology Systems simplifies contractual payments between parties by automating complex financial obligations defined by business contracts and the compensation terms that stem from them. Organizations in real estate, private equity, asset management, M&A, and other high-dollar value sectors rely on contracts to outline who pays whom, when, under what conditions, and through which accounts. But turning those terms into actual money movement usually requires teams of analysts to translate legal terms into spreadsheets, track obligations manually, chase approvals, and reconcile transactions after the fact. This process is slow, error-prone, and difficult to audit. Hudson replaces that laborious translation layer with AI-driven automation. The platform extracts the payment logic from contracts, creates the associated payment flows, then executes the transactions automatically: scheduling payments, triggering fund movements, enforcing conditions, routing approvals, and generating reports - all with full traceability and no manual intervention. Integrated compliance (OFAC, KYC/B, AML, etc.), real-time fraud detection, multiple payment rails, business banking, and treasury management functions ensure payments are secure, compliant, and fully integrated into existing corporate systems. By unifying business banking, escrow, contractual payments, and complex transaction workflows into a single platform, Hudson enables organizations to manage high-stakes payments accurately, transparently, and at scale - with professional implementation services to ensure fast deployment and ongoing support. ### 15. [i2c](https://www.g2.com/products/i2c/reviews) **Product Description:** An award-winning global financial technology innovator powering credit, debit, prepaid, core banking, and money movement solutions, i2c unifies banking and payments in an all-in-one platform, transforming product personalization with a customer-centric architecture and accelerating speed-to-market with composable building-block solutions. Financial institutions and fintechs globally trust i2c to help them quickly and efficiently configure and scale differentiated financial offerings in an evolving, competitive market. Powered by innovation and driven by trust for more than 25 years, i2c blends modern ingenuity with expert reliability to supercharge exceptional banking and payments experiences for millions of users and billions of transactions worldwide. ### 16. [IFX Payments](https://www.g2.com/products/ifx-payments/reviews) **Product Description:** IFX Payments helps businesses move money across borders with confidence. Our ibanq platform gives you access to Multi-Currency Accounts, so you can send and receive payments in up to 46 currencies. Pay staff and suppliers in more than 70 currencies, all from one place. Our foreign exchange team work alongside you, offering tailored support and guidance to help you manage currency risk and make the most of every transaction. With IFX Payments, expanding into new markets is straightforward and fully supported by real experts who put your business first. ### 17. [IMS Payments](https://www.g2.com/products/ims-payments/reviews) **Product Description:** IMS Payments is a well-organized transaction processing system that can manage and control the entire range of payments, messaging and connectivity. ### 18. [Incharge card](https://www.g2.com/products/incharge-card/reviews) **Product Description:** The Incharge platform offers merchants a fast and safe checkout solution. Customers can opt for scanning the CR-code during checkout and pay using their card or via direct SEPA transfer. Best of all, merchants receive their payment account immediately and without any fees. ### 19. [Infinicept](https://www.g2.com/products/infinicept/reviews) **Product Description:** Infinicept is a fast-growing, Denver-based fintech company that help B2B software companies become payment facilitators. Our industry-leading PayOps™ (payment operations) platform acts as your infrastructure and enables your business to get all the benefits of owning your own payments product without doing it all yourself. Our made-to-order underwriting, back office, and risk monitoring platform simplifies clients’ payment facilitation set-up process to minimize processing costs and focus on what they do best: running a successful business. ### 20. [Ingo Payments](https://www.g2.com/products/ingo-payments/reviews) **Product Description:** Ingo Payments is on a mission to make money movement instant, digital and secure. Since 2001, Ingo has focused on a singular mission: to give people and businesses instant, digital and secure access to their money. Anytime. Anywhere. In any account they choose. Ingo Payments provides embedded API and iframe-supported payment solutions and delivers fully digital, cloud-based platforms that bridge the gap between legacy payments infrastructure and new payments technologies to deliver modern, bespoke payment experiences. You can count on us to tailor our platform and services to meet your needs. ### 21. [Inloop](https://www.g2.com/products/inloop-inloop/reviews) **Product Description:** Our vision at InLoop is to improve lives by making the complex simple. With smart, open and dynamic technology and intelligence solutions, we power transactional ecosystems and take the friction out of the payment process across healthcare, disability, aged care, schools, government and corporate Australia. Across our brands Flexischools, LanternPay and Nuonic, our work ensures that the focus can be on the efficient provision of services and care. ### 22. [inovio](https://www.g2.com/products/inovio/reviews) **Average Rating:** 1.5/5.0 **Total Reviews:** 1 **Product Description:** Inovio is the revolutionary new payments gateway offering seamless integration and global scalability. Its omni-channel platform adapts to any payment experience with industry innovations that bring simplicity to an often confusing process. #### What Are G2 Users Discussing About inovio? - [What is inovio used for?](https://www.g2.com/discussions/what-is-inovio-used-for) ### 23. [Intelligent Contacts Payment Portal](https://www.g2.com/products/intelligent-contacts-payment-portal/reviews) **Product Description:** Intelligent Contacts’ Intelligent Portal gives businesses the ability to present settlement offers or fixed installment plans OR allow consumers to virtually negotiate their own (according to your client-specific business rules). Dynamic account-level legal disclosures State-specific Mini Miranda disclosures Customizable consumer privacy policies pages Opt-in / opt-out consent tracking and management Mobile-First, Responsive Design Set your own parameters for settlement length, payment frequency, required down payment, and minimum amount accepted. Give consumers the ability to view, print, or download statements or other documents online. Reduce print & mailing costs by encouraging consumers to go paperless! ### 24. [Interkassa](https://www.g2.com/products/interkassa/reviews) **Product Description:** Interkassa is an international payment aggregator. The service combines 70+ payment methods for accepting payments on websites, in-app or cashless offline. Interkassa serves over 4,000 businesses in Ukraine, CIS countries (except russia and belarus), Europe, Latin America, Africa and Asia. The platform offers a quick integration process via API or ready-made CMS plugin, flexible pricing plans and round-the-clock support. ### 25. [Introwise](https://www.g2.com/products/introwise/reviews) **Product Description:** Introwise is a cloud-based platform that helps users manage their scheduling, payments and video calls. It offers an all-in-one tool for knowledge-based professionals to start and grow their business online. In just a few minutes you can create a booking page with a custom design, define your services and pricing, add your availability and connect calendars, setup payment processing using Stripe or PayPal. Once setup, simply share your Introwise link with your current or prospective clients to start getting free or paid bookings and have video calls directly on the platform - no extra downloads needed. Introwise combines scheduling with everything you need to grow your business: group sessions, packages of services, discount codes, local payment methods, custom domain support and much more. ## What Is Payment Processing Software? [Payment Software](https://www.g2.com/categories/payment) ## What Software Categories Are Similar to Payment Processing Software? - [Payment Gateways](https://www.g2.com/categories/payment-gateways) - [Accounts Receivable Software](https://www.g2.com/categories/accounts-receivable) - [Enterprise Payment Software](https://www.g2.com/categories/enterprise-payment) --- ## How Do You Choose the Right Payment Processing Software? ### What You Should Know About Payment Processing Software ### What is Payment Processing Software? Payment processing software powers credit and debit card purchases. When customers make a purchase online, they enter their payment and shipping information into a payment gateway. The payment gateway gives that payment information to the payment processor, which then communicates with both the customer’s and merchant’s banks to complete the transaction. The transaction’s success or failure is reported back to the payment gateway and the customer. In a brick-and-mortar store, a customer’s credit or debit card is swiped into a point of sale (POS) system, which communicates with a payment processor to approve or deny the purchase. Many payment processors charge a fee for each transaction based on the size of the purchase. Some payment processors have an embedded payment gateway or POS system to create a seamless experience. Any time a credit or debit transaction is attempted, a payment processor is needed. With the rise of digital wallets, payment processors have expanded their functionality to include digital currency and the transfer of money from a source such as Venmo or PayPal to an e-commerce or brick-and-mortar store. Some can process an e-check or set up recurring payments. Key Benefits of Payment Processing Software - Processing payments made by credit, debit, and gift cards as well as digital wallets - Creating a seamless experience for customers - Determining whether or not payment is valid before fulfilling an order or completing a transaction - Communicating with a variety of banks to accept payment from anywhere in the world ### Why Use Payment Processing Software? **Security —** Payment information is extremely sensitive, so it needs protection. Payment processing software is held to high security standards to protect this sensitive information. **Scalability —** A small business can use the same payment processor as a large enterprise, with little difference in functionality. Payment processors operate behind the scenes, and companies pay fees to use them. If a small business picks the right payment processor when it starts out, it may never need to change payment processors as their needs increase. Some payment processors handle billing and invoicing, so some internal processes are covered. **Flexibility —** Most payment processors handle a wide variety of payments. All payment processors process credit and debit cards, but more are accepting payments from digital wallets, cryptocurrencies, and electronic checks. Some facilitate automatic payments to provide consumers and merchants an added convenience of regular payments. The more options provided to the consumer, the more opportunities a merchant has to make a sale, so it’s in a business’ best interest to utilize a payment processor with a variety of features. ### Who Uses Payment Processing Software? **E-commerce businesses —** E-commerce businesses rely on payment processing software because that is how they receive all payments. Payment processors integrate with the payment gateway an online business uses or the payment processor has its own payment gateway. Some e-commerce platforms have built-in gateways or processors, eliminating the need to choose a specific one.Because payment processors typically charge fees for each transaction, an e-commerce business needs to be mindful of the processor they choose because all their transactions are carried out by the payment processor. **Brick-and-mortar businesses —** Brick-and-mortar businesses use payment processors to process credit cards and other non-cash payments. Typically, a processor is integrated with the POS system used by the store, but an all-in-one POS system might include a payment processor. Since most shoppers use some kind of card to make purchases, a payment processor is a necessity. **Business to business businesses —** Every business collects payments in one form or another but businesses that cater to serving other businesses have a unique challenge. Some payment processors are equipped to accept e-checks and lines of credit, and integrate with billing and invoicing software to ensure payments are made and the proper documentation is created. Recurring and automatic payments are useful if a business functions on a subscription model. ### Payment Processing Software Features **Encryption —** Credit card and other payment information is extremely sensitive and must be protected from hackers and other threats. A good payment processor has strong encryption and likely more than one type of encryption to keep both customer and merchant data safe. If data is stolen the consequences can be dire for a business. **Reports and analytics —** Some payment processors provide regular reports based on activity. This helps financial management import payment into analytics software. Knowing how customers make payments and ensuring they match a business’ revenue is crucial. **Processing fees —** Many payment processors function by adding a small fee to each transaction. This is often a flat fee plus a percentage of the actual purchase. Some processors have different fee structures, but fees are nearly universal. Fee amounts vary slightly depending on the processor or based on the type of payment used. **E-commerce integration —** Payment processor integration into e-commerce stores creates a seamless experience for customers when shopping online. Shoppers input both their payment information and their shipping information at the same time, and the business receives payment and all relevant information to fulfill the order quickly. **POS integration —** For storefronts, payment processors integrated with a POS system create a seamless and quick checkout process so the stores receive payment on the spot and customers walk out with their purchase. **Payment methods —** More payment methods accepted by a payment processor, means more customers. This includes mobile payments and cryptocurrencies like Bitcoin. Many payment processors accept certain credit cards or work with specific currencies. #### Additional Payment Processing Features **E-signatures —** Some payment processors allow users to digitally sign (usually using a finger to write) their credit card purchase. This provides added security measures and prevents fraud. This is typically a feature of mobile and tablet-based POS systems integrated with a payment processor. E-commerce purchases do not typically require a signature because they cross-check billing addresses and the security code on the credit card. **Receipts —** Some POS systems generate digital or physical receipts. This allows both the merchant and the customer to maintain records. Online purchases use email receipts that can be printed if necessary. For in-store purchases, digital receipts can be emailed or texted. **Card readers —** For physical purchases using a credit card, a card reader is important for streamlining the process. It’s much faster to swipe a card or read the chip than manually input the credit card information. Many tablet-based POS systems have a stand that includes a card reader, but for those using a mobile phone, some kind of mobile reader is required. These may plug directly into the phone or connect via Bluetooth. ### Trends Related to Payment Processing Software **Mobile payments —** Today, many customers use their phones as their primary payment method. While there are some security risks and not all stores accept mobile payments, many customers will take advantage of this option. **Cryptocurrencies —** Businesses and customers alike are looking into the possibility of using cryptocurrencies, despite many issues. The added security is attractive across the board, but requires additional technology to be user-friendly. **Digital wallets —** Similar to mobile payments, digital wallets make it easier to pay without using a credit or debit card. These services send money between friends, but can easily send money to businesses as well. ### Software and Services Related to Payment Processing Software **Payment gateways —** [Payment gateways](https://www.g2.com/categories/payment-gateways) are the first step to using a payment processor since they collect and verify all the payment information. Some payment processors include a payment gateway, but many gateways work with a variety of unaffiliated processors. **E-commerce platforms —** [E-commerce platforms](https://www.g2.com/categories/e-commerce-platforms) require a payment processor to complete online purchases since cash is not possible. Some e-commerce platforms come with built-in payment gateways and processors, but some require choosing one to integrate with the e-commerce platform. A well-integrated payment gateway or payment processor creates a seamless purchasing experience for customers. **POS systems —** [POS systems](https://www.g2.com/categories/pos) require a payment processor to complete any transaction made using a credit or debit card. Some POS systems come with an integrated payment processor but can choose their own depending on the POS system they use. **Payment analytics —** [Payment analytics software](https://www.g2.com/categories/payment-analytics) integrates with payment gateways and payment processors to analyze payment data. These analytics provide real-time insight into business performance to make informed business decisions.