Best Payment Processing Software

2Checkout, now operating under Verifone, is a merchant of record platform that lets businesses sell physical and digital goods, subscriptions, and SaaS products in over 200 countries. It handles global tax and VAT compliance, fraud protection, and supports 45+ payment methods and 100+ currencies with checkout available in 30+ languages.

The platform is offered in tiered packages: 2Sell for basic global payments, 2Subscribe which adds subscription billing and churn management, and 2Monetize which includes tax compliance and advanced analytics for digital goods, plus a custom Enterprise tier. Pricing is transaction-based with no credit card required to start, making it geared toward SaaS, software, and digital commerce businesses of varying sizes.

PaySimple is a US payments management platform built for service-based businesses such as home services, healthcare, and fitness studios, powering billing and cash flow for over 20,000 companies. It bundles online invoicing, recurring and installment billing, customer relationship management, mobile payment acceptance, and reporting into a single monthly subscription rather than selling separate add-ons.

The platform costs $79.95 per month and includes unlimited invoicing, a mobile app, and customer support, with credit card processing charged separately at 2.90% plus $0.30 per transaction and ACH/eCheck at 1.00% plus $0.30. PaySimple offers a 14-day free trial, has no long-term contracts or cancellation fees, and provides custom pricing for businesses processing over $50,000 per month.

Razorpay is an Indian payment gateway and financial services platform that lets businesses accept payments through more than 100 methods, including UPI, cards, netbanking, wallets, and EMI. Its Standard plan has no setup or maintenance fees and charges a 2% platform fee on domestic transactions, while an Enterprise plan offers custom pricing with a dedicated account manager for large-volume businesses.

Beyond the payment gateway, Razorpay offers RazorpayX for business banking and payouts, RazorpayX Payroll, and tools like Payment Links, Route for split payments, and Smart Collect. It targets startups, SMEs, and enterprises in India needing an all-in-one payments and banking stack, with additional products for international payments and virtual multi-currency accounts.

Payoneer is a US-based financial technology company, founded in 2005, that lets freelancers and businesses receive international payments, hold multi-currency balances, and pay vendors or contractors around the world. Users get local receiving accounts in currencies such as USD, GBP, and EUR, can hold funds in 30+ currencies, and send payments in around 70 currencies, with integrations into marketplaces like Amazon, Upwork, and Fiverr.

Payoneer uses a transaction-based pricing model with no monthly subscription fee. An annual account fee of $29.95 applies only if an account receives less than $6,000 in a 12-month period. Receiving, sending, withdrawal, and currency conversion fees vary by payment method and corridor, typically ranging from free to about 4%, and are always shown before a transaction is confirmed. A Payoneer prepaid Mastercard is also available for spending balances directly.

Clover is a cloud-based point-of-sale and payments platform owned by Fiserv, built for restaurants, retail stores, and service businesses. It combines hardware such as the Clover Flex, Mini, and Station with software for payments, inventory, employee management, and customer loyalty, plus an app market for extending functionality.

Clover is typically sold through Fiserv and its network of authorized resellers, so exact pricing can vary, but its own site advertises in-person processing rates starting at 2.3% plus 10 cents per transaction, with software subscriptions starting around $14.95 a month depending on business type. Clover has offered limited-time free trial promotions on some software plans.

Braintree is a payment gateway owned by PayPal that gives developers a single integration to accept credit and debit cards, PayPal, Venmo, and other digital wallets across web and mobile apps. It is aimed at established businesses and enterprises that need flexible, developer-friendly payment infrastructure with strong fraud tools.

Standard Braintree transactions are priced per transaction with no monthly fee, and separate rates apply to Venmo payments and ACH direct debit. The platform includes recurring billing for subscriptions, Kount-powered fraud protection, support for over 130 currencies, and SDKs for major mobile and web frameworks, and is PCI DSS Level 1 compliant.

Square is an all-in-one point-of-sale and payments platform built for small and mid-sized businesses selling in person and online. It combines free POS software, payment processing hardware, an online store builder, and business management tools such as inventory, staff scheduling, and customer loyalty into one system.

Square offers a free plan alongside paid Plus and Premium subscriptions per location that add features such as advanced reporting and 24/7 phone support, plus custom Square Pro pricing for larger merchants. Processing rates vary by plan and payment type, with lower in-person rates than online or manually keyed transactions, and Square also sells its own card readers, terminals, and registers.

Elavon is a payment processing company, owned by U.S. Bank, that enables businesses to accept in-store, online, and mobile payments through a single platform. It offers virtual terminals, payment gateways, contactless and card-present processing, gift cards, and enhanced reporting, serving industries such as restaurants, retail, healthcare, travel, and the public sector.

Pricing starts at 2.60% plus 10 cents for qualified in-person swipe or chip transactions and 2.90% plus 30 cents for qualified online transactions, with an interchange-plus option available for more rate transparency. Elavon advertises no annual fees, no batch fees, and no cancellation fees, though actual rates are quoted individually based on business type and volume. It processes more than 6.2 billion transactions worth close to $500 billion annually worldwide.

Nuvei is a Canadian payment technology company offering a modular platform that combines gateway, acquiring, settlement, currency management, risk management, and payout services. It connects businesses to customers in more than 200 markets, supporting 150 currencies and over 700 alternative payment methods, with smart routing designed to improve approval rates and lower costs.

Nuvei serves mid-market and enterprise businesses, including e-commerce, iGaming, and travel companies, through vertically integrated processing and merchant acquiring under one roof. Unlike some competitors, Nuvei does not publish standard pricing tiers online; rates are quoted individually based on business type, industry, and volume after contacting its sales team, which lowers pricing transparency compared to flat-rate processors.

Checkout.com is a global payments platform for digital businesses that provides card and alternative payment method processing, local acquiring in more than 50 countries, and support for over 150 currencies. It is aimed at mid-sized and large online businesses, marketplaces, and platforms that need direct access to card networks.

Checkout.com does not publish flat pricing tiers; instead it negotiates fully flat-rate or interchange-plus pricing per merchant based on business profile and risk, with no setup or monthly account fees. The platform includes Flow, a customizable embedded checkout UI, and Intelligent Acceptance, an AI-driven system designed to improve payment approval rates, and it offers free processing to registered charities.