# Best Payment Processing Software - Page 22 *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%3Dpt%26page%3D22&secure%5Btoken%5D=4ca2c65bd1bf06f0ecf96a45feb38bebe24637eef52036a856e9e38a109e67d6&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. [Web Payment Software](https://www.g2.com/products/web-payment-software/reviews) Web Payment Software provides you with everything you'll need to accept bankcards and check payments online and to transfer the proceeds of online sales to your bank account. **Seller Details:** - **Seller:** [Mountain Media](https://www.g2.com/sellers/mountain-media) - **Year Founded:** 1998 - **HQ Location:** Ballston Spa, US - **LinkedIn® Page:** http://www.linkedin.com/company/mountain-media (33 employees on LinkedIn®) ### 2. [Wholesail](https://www.g2.com/products/wholesail/reviews) Wholesail is a fast growing communication and payments network built for the Food & Beverage industry. It helps distributors, manufacturers, and service providers streamline accounts receivables, communications, and payments while making it easy for their restaurant and retail customers to do business with them. Here are some ways Wholesail adds value: - Automated invoice and statement emails engage your customers and convert them to pay online. - With one click, your customers can access a 24/7 self-service Customer Portal to view, print, or pay invoices. - Autopay enables your customers to automate their payment process so you receive payments on-time, everytime. - Wholesail’s simple but powerful customer reporting empowers your accounts receivable and sales reps with personalized account insights anywhere, anytime so they can better serve customers and drive growth. - Wholesail is compatible with most ERP or accounting systems so invoices, payments, and customer contact information are always in sync. With Wholesail, you can increase cash flow, save time, and reduce unnecessary back and forth with your customers, while providing your restaurant & retail customers an elevated account experience. **Seller Details:** - **Seller:** [Wholesail](https://www.g2.com/sellers/wholesail) - **Year Founded:** 2018 - **HQ Location:** San Francisco, California - **LinkedIn® Page:** https://www.linkedin.com/company/paywholesail (50 employees on LinkedIn®) ### 3. [Worldline](https://www.g2.com/products/worldline/reviews) World Payments is a full-service enterprise payment processing solution that can integrate with the user’s existing commerce operation. This solution is designed to support users through all stages of international payment optimization: cross-border, alternative payments and local entities. According to the vendor, this robust, scalable payment engine offers users everything they need to manage the entire payment lifecycle with clear business benefits. **Average Rating:** 3.5/5.0 **Total Reviews:** 13 **User Satisfaction Scores:** - **Has the product been a good partner in doing business?:** 8.1/10 (Category avg: 8.8/10) - **Online payment portal:** 8.1/10 (Category avg: 8.6/10) - **Level 3:** 7.1/10 (Category avg: 7.8/10) - **Accounting integration:** 8.3/10 (Category avg: 8.4/10) **Seller Details:** - **Seller:** [Worldline](https://www.g2.com/sellers/worldline) - **HQ Location:** Puteaux, FR - **Twitter:** @WorldlineGlobal (5,394 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/worldlineglobal/ (15,778 employees on LinkedIn®) - **Ownership:** EPA: WLN - **Total Revenue (USD mm):** $2,381 **Reviewer Demographics:** - **Company Size:** 54% Small-Business, 38% Mid-Market ### 4. [Xchanger for Payments](https://www.g2.com/products/xchanger-for-payments/reviews) Streamline your Payment Flows with one solution for all message Formats: Simplify and accelerate your payment operations with a single solution that handles all message formats, protocols, and workflows. **Seller Details:** - **Seller:** [VERMEG](https://www.g2.com/sellers/vermeg) - **Year Founded:** 1993 - **HQ Location:** AMSTERDAM, NL - **Twitter:** @vermeg (593 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/vermeg (2,197 employees on LinkedIn®) ### 5. [xpate](https://www.g2.com/products/xpate/reviews) At xpate, we understand that your time is valuable, and we want to make sure you have all the information you need to make an informed decision about our services. Our platform offers a wide range of benefits for your e-commerce business, including: Instant access to your funds: Say goodbye to waiting for your funds. With xpate, you'll have immediate access to your funds right after your customer made a purchase, empowering you to make faster business decisions. Seamless set up: Our user-friendly platform easily connects with all the major e-commerce platforms, making the transition to xpate smooth and hassle-free. If you are not feeling comfortable with doing the integration, we can even do it for you. Trust and security: xpate operates as a licenced financial institution under FCA supervision and PCI DCC Level 1 compliance. Competitive pricing: We understand the financial challenges small businesses face. That's why we offer competitive pricing, ensuring you get the best value for your business. You get your own banking account. When you choose us, you'll get more than just a payment processing solution. You'll also get a business banking account that allows you to make transactions quickly and easily, so you can focus on growing your business. Small-business tailored: At xpate, we care about small businesses. Unlike our competitors, we believe every business deserves a chance to succeed, regardless of its size or processing history. That's why we serve businesses of all sizes, including those that are just starting out. **Seller Details:** - **Seller:** [xpate](https://www.g2.com/sellers/xpate) - **Year Founded:** 2019 - **HQ Location:** London, GB - **LinkedIn® Page:** https://www.linkedin.com/company/xpate (65 employees on LinkedIn®) ### 6. [Xpay](https://www.g2.com/products/xpay/reviews) Payments simplified for high risk merchant payments accounts. **Seller Details:** - **Seller:** [Xpay](https://www.g2.com/sellers/xpay) - **HQ Location:** Los Angeles, US - **LinkedIn® Page:** https://www.linkedin.com/company/getxpaynow (11 employees on LinkedIn®) ### 7. [Yapily](https://www.g2.com/products/yapily/reviews) Yapily is Europe’s leading open banking infrastructure platform solving a fundamental problem in financial services today: access. We securely connect our customers to thousands of banks across Europe, allowing them to access financial data and initiate payments. Yapily’s customers range from disruptive fintechs to industry leaders operating in a number of verticals. To date, we've raised $69.4 million in funding, and employ over 200 people worldwide as we continue to scale across Europe. **Average Rating:** 4.2/5.0 **Total Reviews:** 3 **Seller Details:** - **Seller:** [Yapily](https://www.g2.com/sellers/yapily) - **Year Founded:** 2017 - **HQ Location:** London, GB - **Twitter:** @YapilyLtd (905 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/yapily/ (125 employees on LinkedIn®) **Reviewer Demographics:** - **Company Size:** 67% Mid-Market, 33% Enterprise ### 8. [Yaspa](https://www.g2.com/products/yaspa/reviews) Yaspa is an award-winning fintech that connects identity and money to simplify - and accelerate - the way we pay. Founded in 2017 by a former Worldpay CTO, Yaspa uses open banking to provide instant bank payments that are faster, more secure and more cost-effective than cards, and to help regulated businesses seamlessly verify customers and their payments. Yaspa operates across the UK and Europe, is regulated by the UK’s Financial Conduct Authority, and is backed by leading investors including Fin Capital, SGH Capital & Metavallon VC. Most recently, Yaspa was awarded a government grant for its Safer Gambling payments and AI platform by Innovate UK, the UK’s innovation agency. Yaspa's uses open banking to provide instant bank payments that are faster, more secure and more cost-effective than cards, and to help regulated businesses verify customers and their payments - delivering seamless risk-rated conversions and reducing fraud. Some of Yaspa's core product modules include: Instant Payments - Let customers make instant bank payments without cards, apps or the need for cash. - Yaspa enables fast and secure direct account-to-account payments, eliminating intermediaries. - By using bank verification instead of cards, Yaspa transactions are protected against card-based fraud. Instant Payouts - Make payouts instantly: Pay your customers in real-time and allow instant withdrawals with straight-through payouts, or set up an approval process for extra security. - No rekeying required: Your customers' accounts come fully verified, so you can make payments confidently - and meet your compliance obligations. - Flexible integration: Manage your payouts and cash flow through the Yaspa dashboard, or integrate directly into your existing systems and processes. Account Verification - Ensure secure payments to verified accounts using real-time biometric authentication. - Streamline anti-fraud measures and payment setup with quick account verification. - Obtain bank-verified customer data for KYC and SCA during the payment process. - Accelerate onboarding with pre-filled, accurate account data directly from the user's banking app. Verification Plus - Instant affordability checks. - ‘Pan-merchant’ analysis. - Vulnerability detection. - Suspicious behaviour alerts. - Dedicated Verification Plus dashboard. - Frictionless process at the point of payment. Virtual Accounts (vIBANs) - Instant payments: Make low-cost payments to your Yaspa vIBAN with real-time status updates. - Multiple accounts: Create virtual accounts tailored to your business, with multi-currency and Forex options. - API integration: Seamlessly integrate with your systems via API for easy virtual account management. **Seller Details:** - **Seller:** [Yaspa](https://www.g2.com/sellers/yaspa) - **HQ Location:** Harrow, GB - **LinkedIn® Page:** https://www.linkedin.com/company/yaspa/ (1 employees on LinkedIn®) ### 9. [Yuno](https://www.g2.com/products/yuno-yuno/reviews) Yuno has developed payment infrastructure technology that integrates the business into the payment and fraud ecosystem, enabling enterprises to manage all payment methods and fraud providers through a single integration **Seller Details:** - **Seller:** [Yuno](https://www.g2.com/sellers/yuno) - **Year Founded:** 2022 - **HQ Location:** Bogotá, CO - **LinkedIn® Page:** https://www.linkedin.com/company/yunopay/about/ (319 employees on LinkedIn®) ### 10. [Zai](https://www.g2.com/products/zai/reviews) Zai is boldly transforming the future of financial services and powering our customers by making innovative financial services accessible to all. Our payment APIs help businesses manage multiple payment workflows and move funds, so they can pay and get paid without delays. We apply our real-time expertise to a reliable micro-service architecture to enable authentication, liquidity, payment and settlement with zero wait-times. We have over 170 employees, growing to 450 by 2025, and are expanding our presence across APAC, UK, USA and the Middle-East. **Seller Details:** - **Seller:** [Zai Australia Pty. Ltd.](https://www.g2.com/sellers/zai-australia-pty-ltd) - **Year Founded:** 2009 - **HQ Location:** Melbourne, AU - **LinkedIn® Page:** https://www.linkedin.com/company/hellozai/ (145 employees on LinkedIn®) ### 11. [Zelle](https://www.g2.com/products/zelle/reviews) Zelle LLP is an international litigation and dispute resolution law firm with offices in Atlanta, Boston, Dallas, London, Miami, Minneapolis, New York, Philadelphia, San Francisco and Washington, D.C. The Firm excels at handling antitrust, insurance, and other complex litigation on both a national and global scale. **Seller Details:** - **Seller:** [Zelle](https://www.g2.com/sellers/zelle) - **HQ Location:** N/A - **LinkedIn® Page:** https://www.linkedin.com/company/No-Linkedin-Presence-Added-Intentionally-By-DataOps (1 employees on LinkedIn®) ### 12. [Zomentum Payments](https://www.g2.com/products/zomentum-payments/reviews) Discover a new era of financial efficiency with Zomentum Payments. Our cutting-edge automated payment system offers a comprehensive solution to streamline your billing and payments process. Say goodbye to manual invoicing, payment uncertainties, and data security concerns. With Zomentum Payments, you can: - Automated Billing and Payments: Bid farewell to manual invoicing. Our automated system ensures accurate and timely billing, freeing you from repetitive tasks. - Enhanced Cash Flow: Experience a steady and predictable cash flow, with timely payments and streamlined invoicing, allowing you to fuel your business growth. - Global Expansion: Break down international barriers with our international payment capabilities. Reach clients around the world effortlessly. - Client portal: Dedicated portal for seamless payment method addition and invoice settlement. - Data Privacy: Your data is yours. We prioritize your privacy and ensure that your confidential information is safeguarded at all times. - Dedicated Customer Support: Our expert support team is here to assist you every step of the way. Have questions or need help? We've got you covered. Zomentum Payment’s automated billing software is transforming businesses of all sizes, providing a seamless and secure way to manage billing and payments. Experience efficiency, security, and growth like never before. **Seller Details:** - **Seller:** [Zomentum](https://www.g2.com/sellers/zomentum) - **Year Founded:** 2018 - **HQ Location:** San Francisco, CA - **LinkedIn® Page:** https://www.linkedin.com/company/zomentum/ (58 employees on LinkedIn®) ### 13. [Zru](https://www.g2.com/products/zru/reviews) Zru is a unified payment infrastructure and orchestration platform that helps businesses connect, manage, and optimize multiple payment providers through a single integration. With Zru, merchants can enable alternative payment methods without code, orchestrate transactions to improve conversion rates and reduce costs, and customize their checkout experience to match their brand. Zru also supports marketplace operations, making it easy to manage complex payment flows, split payouts, and reconcile transactions in one centralized dashboard. **Seller Details:** - **Seller:** [Zru](https://www.g2.com/sellers/zru) ## 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.