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Our top picks of online payment tools for SMEs

In the current digital era, small and medium-sized enterprises (SMEs) demand robust financial tools to not only compete but to flourish. Dive into a series of comprehensive online payment solutions exclusively crafted for SMEs.

In this week’s edition of Tech Tuesday, we delve into Australia’s most secure, efficient, and convenient payment options, meticulously designed to streamline your business operations and elevate customer satisfaction.

Stay engaged for weekly insights and expert guidance on navigating the intricate landscape of online payments.

GoCardless/GoCardless

Bank payment company GoCardless offers a comprehensive solution for SMEs to collect recurring and one-off payments without the chasing, stress or expensive fees. Its user-friendly platform and 350+ partnerships — which allow businesses to seamlessly integrate GoCardless into the software they already use to manage payment and other business activities in one place — make it easy for SMEs to take control of their payments, improving metrics from cash flow to conversion.

Pin Payments

Pin Payments is a complete payments solution built for speed and simplicity, which can be tailored to your individual business needs. As the first unified approach to payments for small to medium sized businesses in Australia, Pin Payments supports over 12,000 businesses in Australia and New Zealand. Businesses can use Pin Payments to process online transactions using Visa, MasterCard, American Express, Discover and EFTPOS all without the need for a traditional merchant account.

The platform seamlessly integrates with software like Xero, WooCommerce, Magento, Ecwid and Shopify, enabling businesses to get their invoices paid faster. It also offers foreign currency support to enable businesses to sell into other markets. Using the Pin Payments platform, businesses have the capacity to scale quickly and seamlessly begin accepting payments from their customers.

Zeller Invoices

Whether you’re a restaurant owner invoicing for an event deposit, a tradesperson seeking payment for completed work, a wholesaler regularly supplying goods to retail businesses, or a freelance designer invoicing multiple clients, Zeller Invoices empowers you to manage your invoicing process from start to finish with an all in one solution.

Business owners can send an unlimited number of invoices for free and have the capability to receive quick and secure online payments. By accepting online payments, business owners reduce the time spent pursuing cash payments or bank transfers therefore reducing the time to receive payment and the associated administrative burden.

 

Airwallex/Payments acceptance platform

Airwallex’s online payments acceptance platform helps business:

  • Reach global customers by accepting payments in 160+ payment methods and 180+ countries
  • Eliminate unnecessary currency fees by settling funds directly in matching currency accounts
  • Streamline processes from payment acceptance all the way through to making payments to suppliers globally

Airwallex’s online payments acceptance platform customers pay 30% less on average for domestic payments compared to other major providers, and avoid the typical 2% foreign currency conversion fee from other providers by settling funds in Airwallex’s multi currency wallet. Where Airwallex shines is its ability to integrate online payments as part of its end-to-end global payment platform, meaning businesses can settle funds in multi-currency accounts, make global transfers at market-leading FX, and issue multi-currency cards to pay suppliers.

Square

Square is a comprehensive payment solutions provider that specializes in catering to the needs of small and medium-sized enterprises (SMEs). With a range of tools and services, Square offers a holistic approach to managing payments, sales, and customer engagement. Square’s user-friendly interface, transparent pricing, and emphasis on accessibility make it an excellent choice for SMEs looking to simplify payment processing.

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Yajush Gupta

Yajush Gupta

Yajush is a journalist at Dynamic Business. He previously worked with Reuters as a business correspondent and holds a postgrad degree in print journalism.

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