Skip to main content
Tools
10 Best Mobile Payment Solutions In 2023

Best Mobile Payment Solutions Shortlist

Here’s the shortlist of the best tools that I’ll cover in this article.

  1. 1. Square — Best for bringing together all sides of your business
  2. 2. Stripe — Best for a technology-first approach to payment processing
  3. 3. Braintree — Best for leveraging the PayPal service to drive conversions
  4. 4. WePay — Best for scaling with your business as it grows
  5. 5. Fondy — Best for cross-border commerce and marketplaces
  6. 6. Google Pay — Best for easy integration with whatever you’re already using
  7. 7. Apple Pay — Best for protecting customers’ personal data
  8. 8. Venmo — Best for supercharged word-of-mouth marketing
  9. 9. PayPal — Best for reducing cart abandonment
  10. 10. Shopify POS — Best for powering your retail business with more tools

From digital wallets to mobile payment apps, cashless gateway solutions are essential for nearly any business. Some experts estimate that these apps will have over 4 billion users by 2025 and will enhance ecommerce versatility. Whether you’re part of a small business or a massive organization, a mobile payment solution could be the key to making more sales and increasing your revenue.

If you’re wondering which mobile payment solutions might be the best for your business, I’ve put together a list of some of the top options. Learn more about how these payment processing systems can offer safer transactions, appeal to a wider audience, and enhance your versatility.

What are Mobile Payment Solutions?

A mobile payment solution is a payment processing system that provides businesses the opportunity to accept secure payments from customers with enhanced location flexibility. Some of the most common mobile payment methods include credit cards and debit cards on swipe reader attachments, PayPal, Venmo, and digital wallets.

The key to a mobile payment solution is its portability, security, and flexibility.

How I Selected the Best Mobile Payment Solutions

Are you wondering how I chose the payment solutions for this list? When it came to rooting out the top 10 best ways to accept payments on the go, I compared and evaluated a massive range of mobile payment options with positive user ratings.

Once I narrowed down the list to include only the most popular solutions, I honed the list even more with a series of selection criteria, such as usability and pricing. With this criteria, I was able to easily compare the platforms one to the other. Drawing on my years of ecommerce experience also allowed me to pinpoint the features that added the most value.

Whether you simply want the overview of each mobile payment solution or you have general questions about mobile payments, this article can help with a summary of the top 10 from my list and a frequently asked questions section. Check out this comprehensive review to find what you need the most.

Selection Criteria

Here’s a short summary of the main selection and evaluation criteria I used to develop my list of the best mobile payment solutions for this article.

Usability

There is a lot to be said about usability when it comes to mobile payment solutions. Is the platform easy to learn and navigate? Is the app intuitive for both merchants and customers? Does it offer payment options that most of your customers actually want? I answered all of these questions and more to determine optimal usability.

Standout Features

All mobile payment systems have basic features that everyone expects, like mobile connectivity, security, and virtual terminals, but what about other tools that enhance your business processes and streamline your workflow? Many of the tools on this list showcase something special and unique to help your business thrive.

Software Integrations 

Your business isn’t confined to accepting payments! There is so much data that needs to flow between different parts of your organization. To ensure you have a tool that syncs across every department and need, I chose mobile payment solutions that had multiple integrations that shared data with your CRM, marketing tools, and accounting software.

Pricing

It’s rare to find a one-size-fits-all solution for any business tool. Because organization sizes and budget availability differ so greatly, I explored solutions that offered scalability to fit your business needs. I also considered the most affordable applications with high-value features to ensure a cost analysis that made each system appropriate for your industry or business size.

The Ecomm Manager is reader-supported. We may earn a commission when you click through links on our site — learn more about how we aim to stay transparent.

Overviews Of The 10 Best Mobile Payment Solutions

You can use the simple overviews of each tool below to understand how each tool stands out from other mobile payment solutions.

1

Square

Best for bringing together all sides of your business

With Square, you have everything you need to take payments and grow your sales. This payment service allows you to sell in-person, over the phone, online, and even out and about when in the field. Square also allows you to track customer preferences, feedback, and inventory.

One of the best things about Square is the versatility it offers. You can charge credit cards by magstripe, chip cards, and contactless readers, as well as Google, Apple, and Samsung Pay. Businesses also have the option to enable virtual terminal payments, where you enter a card number and other details manually with no card reader required.

Square has the power to support individuals and small businesses with simple tools, as well as massive organizations with custom plans. This platform works for food and beverage, retail, beauty, services, and much more.

Square Standout Features and Integrations

Features include mobile card reader, near-field communication, ACH payment processing, POS system, fraud detection, bank transfers, electronic payments, subscription billing, reporting and analytics, partial payments, receipt management, offline access, and SSL security features.

Integrations include Mailchimp, Wix, FreshBooks, Weebly, WooCommerce, Paymo, QuickBooks, Make, Zoho Invoice, and Book Like A Boss.

This is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.
4.3 31

Free plan available

From $36/month plus 2.9% + $0.30 per transaction

Pros

  • No monthly fee for small businesses
  • Summaries of every transaction
  • Easy to set up

Cons

  • Bluetooth connectivity issues
  • No geo-mapping capabilities
2

Stripe

Best for a technology-first approach to payment processing

Stripe is an online payment processing tool that’s targeted towards internet businesses. It allows users to set up a marketplace, accept payments with a global payment platform, and bill customers on a monthly or recurring basis.

One of the best things about Stripe is its technology-first approach, which encourages developers to build integrations into the system with real-time webhooks. Using the developer platform means businesses spend less time on maintenance for legacy systems and more time focusing on the customer experience.

As an online tool for internet retailers, Stripe is scalable for businesses of every size. Its versatility allows business owners to accept payments in over 135 currencies and global transfers, manage a subscription service, or create a crowdfunding platform. Using Stripe, you can ensure you have a variety of payment options for your customers.

Stripe Standout Features and Integrations

Features include an embeddable UI toolkit, authentication, in-person payments, authorization, payment links, online and recurring payments, iOS and android compatibility, financial reporting, and payout management.

Integrations include Magento, Shopware, WordPress, Drupal, WooCommerce, PrestaShop, Afterpay, Klarna, Shopify, and Rippling.

This is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.
4.3 266

Contact Sales for more info

From 2.9% + 0.30 per transaction

Pros

  • Automated fraud detection
  • Reliable and intuitive
  • No monthly fee, only transaction fee

Cons

  • Developer needed for some features
  • No real-time payment deposits
3

Braintree

Best for leveraging the PayPal service to drive conversions

No matter what types of payments you need to process, Braintree by PayPal offers you the power of an online payment gateway with the reliability and security of an established brand. 

Because Braintree is a PayPal company, they make it easier for customers to pay through web and mobile shopping carts. Braintree offers a seamless payment experience with the most popular payment methods for a streamlined process that improves brand affinity and customer loyalty.

Braintree is a solution for everyone, including single-person operations, medium-sized businesses, and massive enterprise organizations. They offer transaction-based fees for basic checkout needs, as well as customized pricing that’s tailored for your transaction volume and business model.

Braintree Standout Features and Integrations

Features include fraud tools, data security, diverse payout options, instant bank validation, 24/7 dedicated payment management, 3DS2 authentication, activity monitoring and testing, transaction searches, decline analysis, global payment options, and web and mobile optimization.

Integrations include 3dcart, BigCommerce, WooCommerce, Primer, Demandware, Magento, NetSuite, Salesforce, Miva, and UltraCart.

This is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.
3.4 89

No free trial or demo

Plans start at 2.9% + $0.30 per transaction

Pros

  • Comprehensive analytics
  • Integrates flawlessly with websites
  • Versatile solutions for all companies

Cons

  • Limited customer support
  • Navigation is a little clunky
4

WePay

Best for scaling with your business as it grows

This mobile payment processing service empowers businesses to maximize their revenue through end-to-end financial services with the efficiency of a SaaS provider and the scale of a bank. WePay ensures you can incorporate payments seamlessly into your user experience with instant onboarding so you can start accepting payments right away.

At WePay, they handle the KYC onboarding process so merchants can start accepting payments in minutes, not days. Even better, any merchants with Chase accounts can receive same-day deposits at no additional cost. With multiple payment capture methods, businesses can accept everything from online payments to in-store purchases.

WePay offers categorized solutions for every kind of business. Small businesses would benefit most from the simplified Link plan, while larger businesses will enjoy the customization available from the Clear plan. They even have a solution for large payment facilitation called Core.

WePay Standout Features and Integrations

Features include instant payment, multiple payment methods, ACH payments and eCheck processing, reporting and dashboards, dispute resolution, fast payout time, fraud protection, internationalization for currency and language, and user and access management.

Integrations details are not available

No free trial or demo

Plans start at 2.9% + 30¢ for card transactions

Pros

  • Daily payouts
  • Simple data storage online
  • Easy to use

Cons

  • Accounting reports don’t show enough details
  • A little expensive
5

Fondy

Best for cross-border commerce and marketplaces

A fully integrated payment page and banking platform, Fondy is designed for cross-border transactions that ensure online payments and invoicing are quick and easy. Their intelligent platform chooses the most relevant payment method, currency, and shipping costs (if applicable) to streamline and simplify checkout.

Because they specialize in cross-border sales, Fondy processes payments in 150 currencies throughout 200 countries. Businesses can automatically set up a payment page with a customer’s local language and provide over 300 payment methods through geolocation that displays local options, including eWallets and debit/credit card payments.

Fondy is ideal for SMBs as well as large organizations because they don’t require any setup or monthly fees. All costs are based on transactions in your location. With integration for ecommerce, billing, in-app payments from mobile devices, and POS systems, Fondy provides comprehensive solutions for whatever your business currently needs.

Fondy Standout Features and Integrations

Features include local payment options, hundreds of currency options, automate language settings, branded checkout, split payments, partial payments, refund management, payment links, QR codes, compatibility with iPhone and Android devices, and real-time tracking.

Integrations include WooCommerce, Shopify, Apple Pay, Samsung Pay, Google Pay, VirtueMart, MODX, PrestaShop, and Magento.

No free demo or trial available

Pricing is per transaction and varies by location and transaction type

Pros

  • Excellent customer service
  • Intuitive navigation for business owners
  • Responsive and fast checkout

Cons

  • Minimal onboarding and guidance tools
  • Fees range drastically
6

Google Pay

Best for easy integration with whatever you’re already using

Google finally has an answer to platforms like PayPal and Venmo: Google Pay. This payment solution is all about mobility with easy integration with a number of partners for online checkout, ticket sales, and ecommerce platforms.

Because of their brand power, Google Pay has one of the largest selections of options for integration. They’ve partnered with other mobile payment solutions, ecommerce platforms, banks, and major retailers to provide businesses with everything they need to thrive, including global reach, enhanced security, and no fees whatsoever.

Google Pay is for everyone. People can send money to friends and family, small businesses can make sales on the go, and massive organizations can connect to consumers worldwide. This platform offers users a more mobile credit card and provides businesses the opportunity to offer multiple payment types.

Google Pay Standout Features and Integrations

Features include NFC payments, mobile access, location-based engagement, data security, mobile alerts, transaction history and monitoring, customer accounts, chat and messaging, and electronic payments.

Integrations include Blackhawk Network, Fortress, Captain Wallet, Clover, Square, BigCommerce, Magento, Shopify, WooCommerce, and 3dcart.

Free for everyone

Pros

  • Intuitive user experience
  • Extra security features
  • Completely free

Cons

  • Service interruptions for partners affect the app
7

Apple Pay

Best for protecting customers’ personal data

Apply Pay is a mobile payment solution for businesses and consumers that provides more versatility for all through real-time payments, data tokenization, fraud protection tools, and customized fields for branded checkout.

In addition to the essential features of EMV and mobile wallets, Apple Pay takes their platform a step further with additional data protections to ensure consumers feel secure. With device-specific numbers and unique transaction codes, nobody has access to consumer credit card numbers without direct authorization.

Apple Pay is another solution that truly is for everyone. You can use it anywhere that supports contactless payment for just a couple of transactions per day or hundreds of transactions per hour. Whatever support your business needs, Apple Pay is there with extra tools, features, guidance, and support.

Apple Pay Standout Features and Integrations

Features include recurring billing, instant payment, contactless payments for credit and debit cards, reporting and dashboard, user role and access management, manual payment entry, fraud protection, and data tokenization.

Integrations include IBM, BigCommerce, GoDaddy, Salesforce, Shopify, Squarespace, ACI Worldwide, Nuvei, Stripe, and Freedompay.

No demo or free trial available

Contact Apple for pricing

Pros

  • Lots of payment options
  • Captures consumer details
  • User friendly and secure

Cons

  • Contactless payment only works with iPhones
8

Venmo

Best for supercharged word-of-mouth marketing

Venmo is another PayPal company that offers simple, streamlined checkout solutions for any business through a platform that connects credit cards and banks to user accounts, which they can then use as a quick and easy payment option.

Part of what makes Venmo a unique mobile payment solution is the social media and sharing aspect of the platform. Whenever users make a purchase, friends and connections can see their actions and commentary. With an intuitive user experience and ultra-fast checkout system, users are excited to share purchases, add emojis, and create unique payment descriptions.

Venmo is an ideal tool for freelancers, solo business owners, SMBs, and large companies. It’s versatile and offers low overhead, which allows you to keep more of your money. This platform even allows you to accept tips and categorize them separately from your other business earnings.

Venmo Standout Features and Integrations

Features include customer engagement, social media-style payment platform, ACH payment processing, debit and credit card processing, security and fraud protections, mobile payments, partial payments, in-person payments, POS system, mobile access, and data storage.

Integrations include Meta for Business, PayPal Commerce Platform, SpotOn, GiveButter, Classy, Buzz to the Rescues, DreamClass, BigCartel, GreatPages, and Advance.

No free demo or trial

Plans start at 1.9% + $0.10 per transaction

Pros

  • Social media-style engagement
  • Lowest transaction fees
  • Intuitive user interface for customers

Cons

  • Inaccurate business handle searching
  • Can take several days to process payments
9

PayPal

Best for reducing cart abandonment

In addition to offering point-of-sale systems and invoicing, PayPal Checkout also provides an online checkout solution that businesses can integrate with any of their ecommerce marketplaces or websites. With versatile payment options that include crypto, this tool can increase conversions and reduce cart abandonment with a more streamlined checkout.

One of my favorite tools from the PayPal solution is the Smart Payment Buttons that allow you to embed multiple payment options into your site quickly and easily. Whether it’s credit cards, Venmo, or their PayPal account, you’re providing your customers with more options and one-touch functionality for faster payments. PayPal even sends automated emails to customers when they abandon their cart with automatically added cash offers to recover a transaction.

PayPal offers solutions for individuals and businesses of all sizes. Whether they need a simple checkout solution, invoicing option, or recurring billing management, they can get it all with one platform — without any setup fees or monthly costs.

Paypal Standout Features and Integrations

Features include ecommerce management, abandoned cart saver, tax management, refund management, activity dashboard, cataloging and categorization, discount management, credit card processing, reporting and statistics, and crypto integrations.

Integrations include Venmo, Sisense, BigCommerce, Heights Platform, Selldone, SportsPlus, Launch Cart, VINYL, Zoho Marketing Automation, and Cortex.

No free trial or demo available

From 2.9% + $0.49 per transaction

Pros

  • Knowledgeable support team
  • No downtime for updates
  • Responsive design for web and mobile

Cons

  • Higher fees for non-US transactions
  • May hold money before depositing
10

Shopify POS

Best for powering your retail business with more tools

The Shopify POS mobile payment solution offers businesses software that can streamline their entire purchase process in a centralized platform, from recording customer data and managing loyalty programs to tracking inventory, processing payments, and distributing commissions to staff.

With Shopify POS, you get all the essential features of a traditional POS system, as well as unique solutions for scalability and growth. With omnichannel options that manage online and retail stores, you don’t need to track multiple inventories, payment systems, and catalogs separately. This all-in-one solution syncs data across the entire platform for easier management.

Shopify is for businesses of all sizes, but they especially excel in supporting retail and wholesale businesses. Whether you’re just starting your business or trying to grow it with a robust marketing strategy, Shopify POS offers a place to sell, market, and manage everything associated with your organization.

Shopify POS Standout Features and Integrations

Features include contactless NFC, electronic payments, mobile access, POS, pricing management, customer history, email marketing, accounting integrations, employee management, return tracking and management, forecasting, multi-location, and sales reports.

Integrations include Shopify, Meta for Business, DataFeedWatch, TapMango, Extensiv Order Manager, Sling, Better Reports, Marsello, SendCloud, and Glew.

The first month is free and the following three months are only $1/month

Plans start at $31/month

Pros

  • Convenient for customers
  • Modern and intuitive navigation
  • All-in-one platform for business management

Cons

  • Minimal customer support
  • No variable or custom pricing

The 10 Best Mobile Payment Solutions Summary

Tool Free Option Price
1
Square

Best for bringing together all sides of your business

Free plan available

From $36/month plus 2.9% + $0.30 per transaction Visit Website
2
Stripe

Best for a technology-first approach to payment processing

Contact Sales for more info

From 2.9% + 0.30 per transaction Visit Website
3
Braintree

Best for leveraging the PayPal service to drive conversions

No free trial or demo

Plans start at 2.9% + $0.30 per transaction Visit Website
4
WePay

Best for scaling with your business as it grows

No free trial or demo

Plans start at 2.9% + 30¢ for card transactions Visit Website
5
Fondy

Best for cross-border commerce and marketplaces

No free demo or trial available

Pricing is per transaction and varies by location and transaction type Visit Website
6
Google Pay

Best for easy integration with whatever you’re already using

Not available

Free for everyone Visit Website
7
Apple Pay

Best for protecting customers’ personal data

No demo or free trial available

Contact Apple for pricing Visit Website
8
Venmo

Best for supercharged word-of-mouth marketing

No free demo or trial

Plans start at 1.9% + $0.10 per transaction Visit Website
9
PayPal

Best for reducing cart abandonment

No free trial or demo available

From 2.9% + $0.49 per transaction Visit Website
10
Shopify POS

Best for powering your retail business with more tools

The first month is free and the following three months are only $1/month

Plans start at $31/month Visit Website

Other Options

Here are a few more options that didn’t make the best mobile payment solutions list:

  1. Amazon Payments

    Best for optimizing customer checkout experiences

  2. Authorize.net

    Best for credit card processing for small and medium businesses

  3. PaySimple

    Best for service-based freelancers and SMBs

  4. Boku

    Best for a wide selection of international payment types

  5. Chase Paymentech

    Best for flexible payment options with fortress-level security

  6. Mobiyo

    Best for an ROI-centric approach to mobile payments

  7. PayPal Zettle

    Best for retailers and manufacturers to bill and accept payments

  8. Adyen

    Best for an omni-channel solution to international payments

If you are looking for a way for customers to be able to defer payments or pay in installments, you may be looking for buy-now-pay-later (BNPL) platforms instead.

People Also Ask

Here are a few popular questions answered for your convenience!

Get More Out of The Ecomm Manager

Running a business can be intense, especially when you need to keep up with the newest consumer trends. If you’re looking for better ways to stay on top of all your business needs, it’s time to turn to the experts at The Ecomm Manager for additional advice and guidance. Sign up for our newsletter to stay in the loop and learn more about great tools that can help your business succeed.

By Francois Marchand

Francois Marchand is The Ecomm Manager's content strategist and editor. He is passionate about helping and educating business leaders, ecommerce professionals, and digital marketers grow their skill sets to stay ahead of the competition. Francois holds a BA Specialization in Communication Studies & Journalism from Concordia University (Montreal, QC) and 20+ years of experience in ecommerce, marketing, traditional and digital media, and public relations, including The Vancouver Sun, National Post, CBC/Radio-Canada, Unbounce, and Vancouver Film School. He also hosts The Ecomm Manager Podcast, discussing ecommerce best practices, customer experience, branding, inventory management, shipping and delivery, and analytics with expert guests.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.