# Best Payment Processing Software - Page 21 *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. ## Best Payment Processing Software At A Glance - **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) --- **Sponsored** ### 8am CPACharge 8am CPACharge is trusted by the AICPA, 35+ state CPA societies and more than 150,000 professionals as the best payment solution for CPAs, Enrolled Agents and Accountants—providing a simple, secure way for accounting firms to accept client credit, debit, and eCheck payments from anywhere at anytime. With next-day payments, you can keep cash flow predictable and your firm moving forward without delays. [Book a Demo](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=113232&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%3Dit%26page%3D21&secure%5Btoken%5D=a35e44f78b7655e315554002756c3cac74ef35eb7dd0a39365412353d88ba770&secure%5Burl%5D=https%3A%2F%2Fwww.8am.com%2Flanding%2Fcpacharge%2F%3Futm_campaign%3Dcpa-evergreen-g2clicks%26utm_medium%3Dreview%26utm_source%3Dg2&secure%5Burl_type%5D=book_demo) --- ## Top-Rated Products (Ranked by G2 Score) ### 1. [Total-Apps](https://www.g2.com/products/total-apps/reviews) Total-Apps's Video Checkout for Facebook helps you increase your revenue Increase the number of people who purchase your product by eliminating unnecessary clicks to checkout. Now your audience will stay engaged with your brand, even as they complete their payment information directly in the news feed. Be Everywhere Your Video is Shared on Facebook When customers share your video on Facebook with their friends and family, your product overlay stays with the video. There’s no risk of breaking your link to a separate product page. Secure and safe Video Checkout for Facebook is a PCI compliant payment system that encrypts your customer’s personal information. Facebook will not see or record the transaction. Only your brand will receive the data. It’s not shared or brokered, even anonymously, with any other entity. Use your existing videos No need to shoot or edit video content. Use your existing videos, even ones that you’ve already posted to YouTube, for your Facebook campaigns. **Seller Details:** - **Seller:** [Total-Apps](https://www.g2.com/sellers/total-apps-76993fcc-a2dd-4364-9ce2-929ee27429ab) - **Year Founded:** 2007 - **HQ Location:** Laguna Niguel, US - **Twitter:** @EcomEngineers (2,469 Twitter followers) - **LinkedIn® Page:** http://www.linkedin.com/company/total-apps-inc- (12 employees on LinkedIn®) ### 2. [Toucan](https://www.g2.com/products/toucan-payments-toucan/reviews) Toucan Payments is a US-based fintech company founded in 2019, focused on transforming how digital payments work across the globe. We build cutting-edge payment solutions for banks, fintechs, and businesses—empowering them with seamless, scalable platforms for merchant acquisition and processing. We are licensed by the Reserve Bank of India (RBI) as a Payment Aggregator and partner with leaders like NPCI to drive innovation in UPI and card-based payments. With a 150+ member expert team, we are on a mission to simplify global commerce through secure, future-ready technology. **Seller Details:** - **Seller:** [Toucan Payments](https://www.g2.com/sellers/toucan-payments) - **Year Founded:** 2019 - **HQ Location:** Farmers Branch, US - **Twitter:** @Toucanus4u (8 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/toucan-payments-india-limited (162 employees on LinkedIn®) ### 3. [Transact Bridge](https://www.g2.com/products/transact-bridge/reviews) Merchant of Record (MoR) and Seller of Record (SoR) solutions, enabling businesses to navigate the complex Indian market with confidence. Our tailored services are designed to simplify payment processing, ensuring you can focus on growth. Whether you’re in e-commerce, gaming, or any other industry, our solutions allow you to leverage popular Indian payment methods like UPI, Netbanking, Paytm, PhonePe and cards. Partner with us to streamline your operations and unlock new opportunities in India’s dynamic economy. **Seller Details:** - **Seller:** [Transact Bridge](https://www.g2.com/sellers/transact-bridge) - **Year Founded:** 2023 - **HQ Location:** Noida, IN - **Twitter:** @transactbridge (43 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/thetransactbridge (16 employees on LinkedIn®) ### 4. [TraQPayments](https://www.g2.com/products/traqpayments/reviews) TraQPayments bridges the gap between face-to-face and e-commerce transactions, by creating a smooth payment experience across all channels. TraQPayments allows its users to integrate all potential payment methods – from mobile and online, to cash and card payments – into a centralized system and enables the merchant to accept credit/debit card and wallet payments on their smartphone using mobile pos. With features like SMS invoicing, scan and pay QR code, mobile wallet, TraQPayments provides a reliable and cost-effective payment solution for both vendors and customers. **Seller Details:** - **Seller:** [TraQiQ](https://www.g2.com/sellers/traqiq) - **Year Founded:** 2000 - **HQ Location:** Noida, IN - **LinkedIn® Page:** https://www.linkedin.com/company/traqiq (26 employees on LinkedIn®) ### 5. [TRAVIC-Port](https://www.g2.com/products/travic-port/reviews) TRAVIC-Port helps to process all electronic payment processes, including administration, database, configuration and secure operations. **Seller Details:** - **Seller:** [PPI](https://www.g2.com/sellers/ppi) - **Year Founded:** 1984 - **HQ Location:** Hamburg, DE - **LinkedIn® Page:** https://www.linkedin.com/company/ppi-ag/ (596 employees on LinkedIn®) ### 6. [TriggerPay](https://www.g2.com/products/triggerpay/reviews) TriggerPay offers seamless real time payments (pay-by-bank) via the Open Banking Faster Payments network. Business users can enhance their payments processing today to achieve lower cost, same day, ultra-secure settlements. TriggerPay has many platforms and ways of working for all businesses, no matter what size, type, or industry. These include iOS/Android apps, online dashboards, pay-by-link (qr/sms/email), a full api for custom integration, and ecommerce plugin/extensions. **Seller Details:** - **Seller:** [TriggerAppy Ltd](https://www.g2.com/sellers/triggerappy-ltd) - **Year Founded:** 2012 - **HQ Location:** Downpatrick, Northern Ireland - **LinkedIn® Page:** https://www.linkedin.com/company/triggerappyltd/ (1 employees on LinkedIn®) ### 7. [Trustmore](https://www.g2.com/products/trustmore/reviews) Embracing change as our constant, we are expanding to continuously elevate our services, offering innovative solutions to better serve our valued clients and simplify their money flows with seamless efficiency. **Seller Details:** - **Seller:** [Trustmore Technologies](https://www.g2.com/sellers/trustmore-technologies) - **Year Founded:** 2000 - **HQ Location:** Gurugram, IN - **LinkedIn® Page:** https://www.linkedin.com/company/trustmoregroup/ (27 employees on LinkedIn®) ### 8. [TSI Payments](https://www.g2.com/products/tsi-payments/reviews) TSI Payments, a service of Transactional Services Inc., specializes in providing electronic payments processing using the latest technology, at a price that makes sense for you. **Seller Details:** - **Seller:** [Tsipay](https://www.g2.com/sellers/tsipay) - **HQ Location:** N/A - **LinkedIn® Page:** https://www.linkedin.com/company/No-Linkedin-Presence-Added-Intentionally-By-DataOps (1 employees on LinkedIn®) ### 9. [TZSMM Pay](https://www.g2.com/products/tzsmm-pay/reviews) TZSMM Pay is a reliable and user-friendly payment gateway designed to simplify transactions for businesses of all sizes. We offer seamless integration, secure payment processing, and round-the-clock customer support to ensure a hassle-free experience. With a commitment to innovation and customer satisfaction, TZSMM Pay is your trusted partner for efficient and secure payment solutions. **Seller Details:** - **Seller:** [TZSMM Pay](https://www.g2.com/sellers/tzsmm-pay) - **HQ Location:** N/A - **LinkedIn® Page:** https://www.linkedin.com/company/No-Linkedin-Presence-Added-Intentionally-By-DataOps (1 employees on LinkedIn®) ### 10. [Unipaas](https://www.g2.com/products/unipaas/reviews) UNIPaaS is the ultimate embedded finance solution for digital platforms. It is a fully white-labelled, end-to-end embedded payment solution that provides a single commercial framework. UNIPaaS is a simple, flexible, and fast way to add embedded finance capabilities to your platform. It is also easy to use and secure. UNIPaaS takes ownership and risk of the offering, so you can focus on your core business. 1 Integration, 1 Contract, 0 Risk! **Seller Details:** - **Seller:** [UNIPaaS](https://www.g2.com/sellers/unipaas) - **Year Founded:** 2020 - **HQ Location:** Tel Aviv, IL - **LinkedIn® Page:** http://www.linkedin.com/company/unipaas (51 employees on LinkedIn®) ### 11. [Unipesa](https://www.g2.com/products/unipesa/reviews) Unipesa is a fast growing B2B2G financial services infrastructure. The company has developed a multidimensional payments and lending infrastructure with robust and advanced products and solutions, interconnecting businesses across multiple industries in 20+ countries in the Middle East and Africa region (MEA). Since its inception, the main focus of Unipesa is to provide a quality and scalable infrastructure to enable businesses to carry hustle free activities across the MEA Region. Why Us? Integrated ecosystem: full stack of fintech products — payments, POS, wallet, lending, communications. Presence in 20+ countries, 120,000+ agents, 50+ payment channels — proof of scale and maturity. White-label capabilities — launch services under your own brand. Fast launch and flexible collaboration model — low upfront cost, licensing or revenue sharing. Deep understanding of local markets and regional integration expertise. **Seller Details:** - **Seller:** [Unipesa](https://www.g2.com/sellers/unipesa) - **Year Founded:** 2012 - **HQ Location:** Dubai, AE - **LinkedIn® Page:** https://www.linkedin.com/company/unipesa (31 employees on LinkedIn®) ### 12. [uPayments](https://www.g2.com/products/upayments/reviews) uPayments is a payment processing software for electronic invoicing and payment delivery. **Seller Details:** - **Seller:** [Transformations](https://www.g2.com/sellers/transformations) - **Year Founded:** 1987 - **HQ Location:** Brentwood, US - **LinkedIn® Page:** https://www.linkedin.com/company/uluro/ (12 employees on LinkedIn®) ### 13. [Utilities Management Software](https://www.g2.com/products/utilities-management-software/reviews) AOPAY Utilities Management Software is a type of operations and service management solution designed to help utility providers manage and monitor the delivery of essential services such as electricity, water, gas, and waste management. AOPAY software centralizes utility operations, enabling organizations to track usage, manage billing, maintain assets, and handle customer accounts efficiently. AOPAY software is commonly used by municipal utility companies, private utility providers, housing societies, industrial facilities, and service organizations to streamline operations and maintain accurate records. By digitizing utility workflows, organizations can reduce manual errors, ensure accurate billing, and improve customer service delivery. Utilities Management Software supports core functions such as meter reading, consumption tracking, billing and invoicing, payment processing, and customer account management. Asset and maintenance management tools allow organizations to monitor infrastructure, schedule repairs, and maintain service reliability. Reporting and analytics modules provide insights into consumption patterns, revenue generation, and operational performance. Core Features and Capabilities: - Customer and Account Management: Maintains detailed customer profiles and service connections. - Meter and Consumption Management: Tracks usage data and meter readings accurately. - Billing and Payment Management: Automates invoicing, payment collection, and reconciliations. - Asset and Maintenance Management: Monitors infrastructure, schedules maintenance, and tracks repairs. - Reporting and Analytics: Generates reports on consumption, revenue, and operational efficiency. Utilities Management Software often integrates with payment gateways, IoT-enabled meters, CRM systems, and ERP platforms through APIs. By providing centralized control, automated processes, and actionable insights, AOPAY software helps utility providers deliver services efficiently, maintain regulatory compliance, and optimize operational performance across residential, commercial, and industrial customers. **Seller Details:** - **Seller:** [AOPAY Technology](https://www.g2.com/sellers/aopay-technology) - **Year Founded:** 2019 - **HQ Location:** Delhi, IN - **LinkedIn® Page:** https://www.linkedin.com/company/aopay-technology/ (1 employees on LinkedIn®) ### 14. [ValuPay](https://www.g2.com/products/valupay/reviews) ClearCycle’s ValuPay System (ValuPay™) is a comprehensive payment disbursement system that works in conjunction with any data-centric system. It accepts payment data from all lines of business, across all platforms, business entities, and computing environments. **Seller Details:** - **Seller:** [Clearcycle](https://www.g2.com/sellers/clearcycle) - **Year Founded:** 1983 - **HQ Location:** Redmond, US - **LinkedIn® Page:** https://www.linkedin.com/company/clearcycle-inc/ (10 employees on LinkedIn®) ### 15. [Vendara](https://www.g2.com/products/vendara/reviews) Vendara is a leading payments platform that leverages their strong infrastructure of payment technology and support systems built over the last 15 years to continuously innovate and deliver modern, expertly built payment solutions, software and APIs. Vendara optimizes payment processing revenue, manages risk exposure and compliance, and invests in feature-rich technology. **Seller Details:** - **Seller:** [Vendara](https://www.g2.com/sellers/vendara) - **HQ Location:** Bellevue, US - **LinkedIn® Page:** https://www.linkedin.com/company/vendarapayments (111 employees on LinkedIn®) ### 16. [Verifone Tap](https://www.g2.com/products/verifone-tap/reviews) Deliver seamless transaction experiences by transforming tablets and mobile devices into secure payment solutions with Verifone's softPOS solution, Verifone Tap. **Seller Details:** - **Seller:** [Verifone](https://www.g2.com/sellers/verifone) - **Year Founded:** 1981 - **HQ Location:** New York, NY - **Twitter:** @VeriFone (22,122 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/5005/ (4,698 employees on LinkedIn®) ### 17. [Vindi](https://www.g2.com/products/vindi/reviews) Vindi is the Brazilian leading platform to automate billing and recurring payments with more than 50 payment solutions integrated. **Seller Details:** - **Seller:** [Vindi](https://www.g2.com/sellers/vindi) - **Year Founded:** 2013 - **HQ Location:** São Paulo, BR - **Twitter:** @vindibr (9 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/vindi (410 employees on LinkedIn®) ### 18. [Visa Acceptance Solutions](https://www.g2.com/products/visa-acceptance-solutions/reviews) Visa Acceptance Solutions offers a comprehensive, open payments platform designed to empower businesses of all sizes to create innovative, secure, and scalable payment solutions. By providing access to a broad range of pre-integrated modular services and a growing ecosystem of technology and payment partners, the platform enables businesses to deliver exceptional customer experiences while maintaining flexibility and control over their payment processes. Key Features and Functionality: - Modular Services: Access a variety of pre-integrated services, including card-present and digital acceptance, token management, fraud and risk management tools, and more, allowing for tailored payment solutions. - Open Architecture: The platform's open design facilitates easy integration with existing systems and supports collaboration with preferred vendors and partners. - Developer Tools: Utilize APIs, sample code, and SDKs to streamline the development and deployment of digital commerce experiences. - High Reliability: Benefit from an active-active architecture with 99.999% uptime, ensuring business continuity and minimal service interruptions. - Global Reach: Expand into new markets by processing transactions seamlessly across various channels and geographies. Primary Value and Solutions Provided: Visa Acceptance Solutions addresses the complexities of modern payment processing by offering a secure, flexible, and scalable platform that simplifies the development and management of payment solutions. Businesses can enhance approval rates, reduce fraud, and improve customer satisfaction by leveraging the platform's comprehensive suite of services. The open architecture and extensive partner network enable companies to adapt quickly to evolving customer demands, explore new revenue streams, and maintain a competitive edge in the global marketplace. **Seller Details:** - **Seller:** [Visa](https://www.g2.com/sellers/visa) - **HQ Location:** Foster City, California, United States - **Twitter:** @visa (414,812 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/visa (28,914 employees on LinkedIn®) - **Ownership:** NYSE: V - **Total Revenue (USD mm):** $15,082 ### 19. [Visa Click to Pay](https://www.g2.com/products/visa-click-to-pay/reviews) Visa Click to Pay is an online payment solution designed to streamline the checkout process for consumers and merchants alike. By eliminating the need for manual entry of card details, it offers a faster, more secure, and user-friendly experience across various devices and participating online merchants. Built on the EMV® Secure Remote Commerce (SRC standards, Click to Pay leverages tokenization to enhance security and reduce fraud risks. Key Features and Functionality: - Simplified Checkout Process: Users can complete purchases without repeatedly entering card information, reducing friction and speeding up transactions. - Enhanced Security: Utilizes Visa Token Service to replace sensitive card details with secure tokens, minimizing the risk of fraud and unauthorized access. - Cross-Device Compatibility: Offers a consistent and seamless payment experience across desktops, mobile devices, and tablets. - Broad Card Network Support: Compatible with major card brands, including Visa, Mastercard, American Express, and Discover. - Easy Integration for Merchants: Merchants can integrate Click to Pay into their existing checkout systems, enhancing customer satisfaction and potentially increasing conversion rates. Primary Value and User Solutions: Visa Click to Pay addresses common challenges in online shopping by reducing cart abandonment rates and improving sales conversions. For consumers, it offers a hassle-free and secure way to shop online without the repetitive entry of payment information. For merchants, it provides a streamlined checkout experience that can lead to higher authorization rates and reduced fraud incidents, ultimately fostering customer trust and loyalty. **Seller Details:** - **Seller:** [Visa](https://www.g2.com/sellers/visa) - **HQ Location:** Foster City, California, United States - **Twitter:** @visa (414,812 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/visa (28,914 employees on LinkedIn®) - **Ownership:** NYSE: V - **Total Revenue (USD mm):** $15,082 ### 20. [Volante](https://www.g2.com/products/volante/reviews) The SWIFT SR2019 Validator, developed by Volante Technologies, is a cloud-based financial message validation service designed to assist institutions in testing and validating their SWIFT Standards Release 2019 messages prior to the official implementation date. Available as an Amazon Machine Image on the AWS Marketplace, this service offers a scalable and cost-effective solution for ensuring compliance with the latest SWIFT standards. Key Features and Functionality: - Comprehensive Validation: The service not only identifies valid and invalid messages but also provides detailed error reports, highlighting specific issues encountered during validation. - API Integration: Equipped with APIs, the validator seamlessly integrates with existing applications, facilitating automated message validation processes. - Flexible Deployment: Users can deploy the validation service within their dedicated hosting environments, ensuring enhanced security and complete control over the validation process. - Cost-Effective Pricing: The service operates on an hourly usage model, providing an affordable and scalable solution without the constraints of message count or data usage fees. Primary Value and User Benefits: The SWIFT SR2019 Validator addresses the critical need for financial institutions to comply with the latest SWIFT standards efficiently. By offering detailed error reporting, it reduces the frequency and severity of formatting errors, thereby minimizing the risk of message rejections. This leads to increased straight-through processing rates, enhanced operational efficiency, and reduced costs associated with financial messaging operations. Furthermore, its cloud-based deployment ensures rapid scalability and flexibility, aligning with the industry's shift towards cloud-first strategies. **Seller Details:** - **Seller:** [Volante Technologies](https://www.g2.com/sellers/volante-technologies) - **Year Founded:** 2001 - **HQ Location:** Jersey City, New Jersey - **LinkedIn® Page:** https://www.linkedin.com/company/volante-technologies (812 employees on LinkedIn®) ### 21. [VyaPay](https://www.g2.com/products/vyapay/reviews) VyaPay helps businesses succeed by delivering secure and personalized payment solutions. Using this method, developers of business management solutions can accept payments through their systems and extend the functionality of their software. While many processors offer payments tied to antiquated platforms designed to support stand-alone systems, the VyaPay platform provides custom, scalable and fast payment solution integration – accommodating consumers' swiftly-shifting payment methods. With its unique payment solutions, VyaPay helps businesses grow and increase customer loyalty while increasing profitability. **Seller Details:** - **Seller:** [VyaPay](https://www.g2.com/sellers/vyapay) - **Year Founded:** 2018 - **HQ Location:** Scottsdale, US - **LinkedIn® Page:** https://www.linkedin.com/company/vyapay (10 employees on LinkedIn®) ### 22. [Walcy](https://www.g2.com/products/walcy/reviews) Walcybank is a Neobank that allows businesses and individuals to easily open global accounts from anywhere in the world and save costs on cross-border transactions. It provides the best rates for foreign currency exchange using the Midmarket rate. ‘Walcy’ offers both major and emerging global currency accounts that enable clients to send and receive payments online. Clients can hold, manage, and convert currencies in one place, making international transactions more accessible and reducing foreign exchange risk. Moreover, it facilitates fast, secure, and cost-effective international payments for clients. The platform supports payments in numerous currencies, allowing businesses and individuals to send and receive funds across borders with ease. **Seller Details:** - **Seller:** [Walcybank](https://www.g2.com/sellers/walcybank) - **Year Founded:** 2023 - **HQ Location:** Singapore, SG - **LinkedIn® Page:** https://www.linkedin.com/company/walcy (5 employees on LinkedIn®) ### 23. [Wasspe](https://www.g2.com/products/wasspe/reviews) Wasspe is your trusted single point of contact connecting you to a world class payment network. We make cross-border payments and FX hedging effortless **Seller Details:** - **Seller:** [Wasspe](https://www.g2.com/sellers/wasspe) - **HQ Location:** N/A - **LinkedIn® Page:** https://www.linkedin.com/company/No-Linkedin-Presence-Added-Intentionally-By-DataOps (1 employees on LinkedIn®) ### 24. [Way4](https://www.g2.com/products/way4/reviews) OpenWay Group is the developer of Way4, a digital banking and payment software platform. It covers every aspect of the payments business — account management, card issuing, merchant acquiring, transaction switching, digital wallets, tokenization, and fleet cards. Headquartered in Belgium, OpenWay has office locations around the globe and serves clients in 83 countries. Way4 software solutions are used globally by banks, fintechs, payment processing companies, e-commerce and POS acquirers, national payment schemes, PSPs, oil and telecommunication companies, including both tier-1 organizations and startups. Our clients can choose between on-premises, cloud, SaaS or a hybrid deployment of OpenWay solutions depending on their operational model. OpenWay holds a #1 global ranking in software solutions for Payment Processing Platforms by Aite, also by Gartner and Omdia. It was ranked "Market Leader in Digital Wallets" by Omdia and awarded as "Best Payment Software Solution Provider in the Cloud" by PayTech. **Average Rating:** 4.5/5.0 **Total Reviews:** 1 **User Satisfaction Scores:** - **Has the product been a good partner in doing business?:** 8.3/10 (Category avg: 8.8/10) **Seller Details:** - **Seller:** [OpenWay](https://www.g2.com/sellers/openway) - **Year Founded:** 1995 - **HQ Location:** Mont-Saint-Guibert, BE - **LinkedIn® Page:** https://www.linkedin.com/company/313635 (473 employees on LinkedIn®) **Reviewer Demographics:** - **Company Size:** 100% Enterprise ### 25. [Wealify](https://www.g2.com/products/wealify/reviews) Wealify is a comprehensive fintech platform empowering businesses of all sizes with fast, secure, and scalable global payment solutions — including multi-currency accounts, virtual cards, and real-time FX tools. We help digital entrepreneurs earn, spend, and manage money across borders with confidence and full transparency. **Seller Details:** - **Seller:** [Wealify](https://www.g2.com/sellers/wealify) - **Year Founded:** 2016 - **HQ Location:** Hanoi, VN - **LinkedIn® Page:** https://www.linkedin.com/company/wealify/ (1 employees on LinkedIn®) ## Parent Category [Payment Software](https://www.g2.com/categories/payment) ## Related Categories - [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) --- ## Buyer Guide ### 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.