Enterprise payment software is a gem in this modern world, especially with the many small businesses emerging in the market and consumers already looking into contactless or cashless payment transactions for every product or service they purchase. It is a massive leap towards the future, as people center on debit cards, credit cards, online cards, eWallets, and other online payment systems that help modernize how people pay.
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With that, upcoming businesses or startups focus on their preferred payment systems to help manage their businesses, which not only focus on collecting money from customers but also on managing transactions in all business aspects. Here is the top 5 best enterprise payment software in 2022.
1. Dwolla - Best Payment Solution for All Business Sizes and Needs
Dwolla is a payments services provider offering flexible payment solutions built to meet the digital demands of business today. Dwolla's primary focus is to help mid-sized businesses improve their processes for scale through programmable account-to-account transfers. The company aims to give businesses a chance to innovate with a flexible Automated Clearing House (ACH) solution that helps them get to market quickly through low-code components.
Unlike other solutions, Dwolla's modern payment API can seamlessly support multiple funds flows for businesses looking to send, receive or even facilitate bank transfers between their users. The company's platform can accommodate a myriad of bank transactions so businesses can easily enable their preferred payment speeds for the different experiences of their solution, including Standard ACH, Same Day ACH, or Real-Time Payments.
Benefits and Features
Dwolla's modern payment API aims to unlock the power of the financial system with its faster ACH transfer options, digital wallet capabilities, and configurable technology across a variety of industries.
It aims to deliver:
- Configurable API Integration - Its platform offers a way to quickly implement an account-to-account payment API, with ready support from its team to answer all needs and provide help.
- Flexibility - It offers the ability to meet one's business needs and requirements through multiple fund flows and various bank transfer speeds.
- Account-to-Account Advantages - Control the timing when you collect or disburse payments with Dwolla as your payment service provider.
Dwolla remains a payments platform that offers a modern ACH experience and more to meet your needs. The company provides massive flexibility on its systems that match a business' requirement for enterprise payment solutions.
It also takes pride in the platform's reliability and ease of use, offering complimentative partnerships to cut costs simultaneously and seamlessly offer expanded services.
Partnering with financial institutions and data-sharing firms to complete the "open banking triangle" described by The Financial Brand, Dwolla's account-to-account solution completes the trifecta. With the complex online payments system in the world, businesses are in for a rough ride when deciding to do it alone or with an unsupported payment solutions channel that does not offer any integration with their systems.
Dwolla's payment solution was built to meet the digital demands of business today. From implementation and beyond, Dwolla's dedicated support helps companies hurdle technical questions, learn best practices, and navigate the unknown that one might experience in building a payment solution.
They are supporting over 18 different market verticals across various industries, such as Fintech, Insurtech, Investtech, Transportation, Marketplaces, Real Estate Platforms, etc. Dwolla provides companies of every size the options for faster and more flexible money movement.
Dwolla's services aim to make it easy and affordable for consumers and businesses and to give them more time to pay attention to what matters most for their livelihood or other concerns in the industry.
2. Square - Highly-Rated Platform in eCommerce and POS Solutions
Square is one of the world's most familiar names in the enterprise payment solutions platform. It offers its services to all types of businesses, whether big or small. The company is willing to cater to their every need and deliver what they aim to provide to every client.
This means that Square is flexible to its customers' needs, prioritizing requirements for online or in-store payment channels and processing ACH for its needs.
Square promises to cater to different business types and sizes, with many integrations to specific industries, including:
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Food and Beverage - tools for the front house like table management, menu, and more, alongside back house needs like kitchen displays and delivery
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Retail - provides all the retail tools one needs to run their company, from inventory management to exchanges and more
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Beauty and Wellness - the company's experience offers a variety of management tools like bookings, online payments, scheduling, and other customer experience needs
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Large Business - custom experience fit for each business' needs, centering on advanced reporting and other requirements in the workplace.
One of the company's most famous products is the Square Payments experience which helps businesses process any kind of payment options in the market now, adapting to different types of transactions from customers.
3. Shopify - eCommerce Platform for your Online Store
Shopify is known to be an eCommerce platform in the industry now, and it provides an online offering for all users to bring their businesses to a marketplace where they can sell any type of product and engage in a business-to-customer experience.
One of Canada's most famous eCommerce platforms is more than an online retail shop, as it also caters to modern businesses' requirements for an online marketplace for all needs. Moreover, Shopify also has a built-in payment system called Shopify Payments. This company platform accepts multiple payment channels, providing various options for businesses to cater to and customers to use for their every purchase.
The company offers an integrated catalog perfect for establishing an online store to showcase its products, providing transparency on charges to businesses for using its platform.
4. Chargebee - Subscription-Based Payment System
Chargebee is one of the unique subscription-based payment systems in the market, offering a scalable platform for each business's subscription billing and revenue operations. The company allows people to scale back and forth on their strategies to run their businesses on Chargebee's platform, which promises its services to be "more than billing."
The company offers a highly-customizable platform for business needs and requirements, as well as payment channels and fees, which it can match to different markets with different rates.
The company offers the capability to automate its order-to-revenue lifecycle and adjust discount management, product bundles, and recovery processes that help maximize revenue.
One of the unique offerings of Chargebee is that it provides a flexible payment platform that can tweak one's billing option to annual, monthly, weekly, or daily, depending on their offer or setup. The platform currently offers a unique Software-as-a-system (SaaS) solution for businesses that provide this kind of service and is limited in its offers.
5. VizyPay - Multi-Payment Options for All Needs
VizyPay is one of the youngest companions in this list, but it is also one of the most highly regarded among enterprise payment solutions and ACH-API services. It is regarded as one of the most affordable services, with transparent fees that do not have hidden charges or additional payments.
The company also offers a highly-commendable customer service experience that can handle and accommodate questions or requirements regarding tools, services, platforms, systems, and the like.
VizyPay was established in 2017 in Waukee, Iowa, and it is a famous name in the B2B industry. The company's transparent fee structure is commendable, and it offers its service starting at a low $25, without any additional charges or anything to surprise users.
It also focuses on short-time commitments per client and avoids any long-term contracts, which attract many startups in the industry now. Still, it meets the basic transaction processing for every business needs in selling products or services.
The Bottomline
The world offers many businesses that help customers and companies unlock the potential of making different payment options and setups available to users. It does not matter if they do not have the same apps or banks to complete their payments.
Businesses, including startups and established ones, have been looking into payment enterprise solutions to answer their needs in this ever-growing digital forward environment. The likes of Dwolla make a modern experience easily accessible for businesses, especially in every transaction for different products and services the company sells in the market.
There is a huge need for these kinds of payment solutions, especially those with ACH to account for and with API to make each operation seamless. Dwolla's services aim to answer all needs, and it delivers efficient service not only on its ACH software but also on its security for users.