Priority
Payment apps
Cash
Apps
Priority Payment Systems is a
BBB-accredited business with a customer rating of 1 out of 5 stars. Some
of its competitors include Stripe, Block, Flutterwave, FIS, and First
Data.
Venmo
·
Cash App
A peer-to-peer
money transfer app that lets you send and receive money using a linked bank
account, your Cash App balance, credit card, or debit card.
·
Google Wallet
A digital wallet
that lets you access your payment cards, loyalty cards, and concert tickets
from your Android phone.
·
Stripe
An online payment
processing and credit card processing platform for businesses. Stripe
allows businesses to accept credit and debit cards, including Visa, Mastercard,
American Express, Discover, JCB, Diners Club, and China UnionPay. A payment
processing platform that helps small businesses and freelancers get
paid. It's available in over 35 countries and supports over 135 currencies.Stripe
is PCI Level I encrypted, which means all transactions are protected from data
breaches. Stripe also pays hackers to find exploits, which are codes used
to attack a vulnerability in a system or software.
.
·
Block
Blockchain
technology has been called "unhackable" because each block is
cryptographically locked with the previous block. However, recent studies
and reports show that blockchain is still susceptible to cybersecurity attacks.
·
Flutterwave
A financial
technology company that provides payment solutions, including online payment
acceptance, cross-border payouts and transfers, currency swapping, and
point-of-sale (POS) systems. Flutterwave primarily serves businesses,
individuals, and startups, particularly in emerging markets. Flutterwave says
they take the responsibility of their customers' personal and financial
information seriously. They also say that Flutterwave has not been hacked.
·
FIS
A global provider
of financial services technology and outsourcing solutions. FIS employs
over 55,000 people across more than 50 countries. It serves retail,
commercial, and institutional banking, capital markets, and insurance clients. FIS
performs vulnerability scans, including scans on application and
internal/external network infrastructure. FIS also performs ethical
hacking/penetration tests on a regular basis
·
First Data
Offers card
acceptance online, in person, and over the phone. First Data next day
funding means you'll see funds in your bank account quickly, reducing the time
between when you process a transaction and when you receive the money.
Members of Generation Z—the age group between 18 and 26 years old—are the most
likely to adopt digital wallets as their primary payment method for shopping
(91%) and traveling.
Pay Pal
Here
are some apps that offer expedited payment processing:
- Dwolla: Offers same-day ACH transfers for a fee.
- Stripe Instant: Provides instant payouts to connected bank
accounts.
- PayPal Zettle: Enables fast deposits for in-person payments.
- Square Instant Deposit: Offers instant transfers for credit
card sales.
- Mercury: Business banking platform with instant ACH transfers.
Here are some apps that
are specifically designed for businesses to make and receive payments:
- Zoho Books: Accounting software with invoicing, expense
tracking, and payroll.
- FreshBooks: Cloud-based accounting platform with
invoicing, payments, and project management.
- Wave: Free accounting software with
invoicing, payments, and receipt scanning.
- Gusto: Payroll and HR platform with integrated payments and
benefits.
- Rippling: Modern payroll and HR platform with all-in-one
features.
When choosing an app,
consider the following factors:
- Your needs: What features are most important to you? Do
you need same-day ACH transfers, or are you more interested in
invoicing and expense tracking?
- Your budget: How much are you willing to pay for a payment
processing app? Some apps charge monthly fees, while others
charge per transaction.
- Your business size: Some apps are better suited for small
businesses, while others are designed for larger enterprises.
