Top 25 High-End Online Payment Service Providers
ONLINE BANKING is an electronic payment system that enables customers of a financial institution to conduct financial transactions on a website operated by the institution, such as a retail bank, virtual bank, credit union or building society. Online banking is also referred as Internet banking, e-banking, virtual banking and by other terms.
To access a financial institution's online banking facility, a customer with Internet access would need to register with the institution for the service, and set up some password (under various names) for customer verification. The password for online banking is normally not the same as for telephone banking. Financial institutions now routinely allocate customers numbers (also under various names), whether or not customers have indicated an intention to access their online banking facility. Customers' numbers are normally not the same as account numbers, because a number of customer accounts can be linked to the one customer number. The customer can link to the customer number any account which the customer controls, which may be cheque, savings, loan, credit card and other accounts. Customer numbers will also not be the same as any debit or credit card issued by the financial institution to the customer.
ONLINE SHOPPING or e-shopping is a form of electronic commerce which allows consumers to directly buy goods or services from a seller over the Internet using a web browser. Alternative names are: e-web-store, e-shop, e-store, Internet shop, web-shop, web-store, online store, online storefront and virtual store. Mobile commerce (or m-commerce) describes purchasing from an online retailer's mobile optimized online site or app.
An online shop evokes the physical analogy of buying products or services at a bricks-and-mortar retailer or shopping center; the process is called business-to-consumer (B2C) online shopping. In the case where a business buys from another business, the process is called business-to-business (B2B) online shopping. The largest of these online retailing corporations are Alibaba, Amazon.com,and eBay. Retail success is no longer all about physical stores. This is evident because of the increase in retailers now offering online store interfaces for consumers. With the growth of online shopping, comes a wealth of new market footprint coverage opportunities for stores that can appropriately cater to offshore market demands and service requirements.
Online Payment Service News, Reviews & Resources
- Aegis Bitcoin Wallet - open source bitcoin wallet for Android developed using the highest standards in the fields of cryptography and information security.
- Alternative currency - Wikipedia.
- AN ENCRYPTION UPGRADE COULD UPEND ONLINE PAYMENTS - Wired.
- Bitcoin - Wikipedia.
- Bitcoin Center NYC - based in the financial district of New York City, next to the NYSE. It was founded in 2013, by Nick Spanos, with the purpose of educating people about bitcoin and encouraging the trade of cryptocurrency. It has goals to become the first regulated exchange in the world.
- Bitcoin-style Blockchain initiative backed by 9 large investment banks - R3.
- Bitcoin Surges, Emerging From a Lull in Interest - The New York Times.
- Bitcoin Talk - Bitcoin Forum.
- Bitcoin Technology Piques Interest on Wall St. - The New York Times.
- Bitcoin’s Creator Satoshi Nakamoto Is Probably This Unknown Australian Genius - Wired.
- Block chain (database) - is a distributed database that maintains a continuously growing list of data records that are hardened against tampering and revision, even by operators of the data store's nodes.
- Central Banks Consider Bitcoin’s Technology, if Not Bitcoin - The New York Times.
- Confidential Clients - "These are the people zipping money across the world thanks to the global banking system." By ICIJ.
- Contactless payment - Wikipedia.
- Creator of Bitcoin digital cash reveals identity - BBC News.
- Cryptocurrency - digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Bitcoin became the first decentralized cryptocurrency in 2009.
- Digital currency - distinct from physical (such as banknotes and coins). It exhibits properties similar to physical currencies, but allows for instantaneous transactions and borderless transfer-of-ownership.
- Digital wallet - Wikipedia.
- Distributed Ledger - Wikipedia.
- Does e-money make you spend more? - "Want to spend less? Use cash. Many countries have already started to shun physical money - and the UK and USA are already lagging behind. Are we wise to keep our cash? Or are we simply stuck in the past?"
- E-COMMERCE - Wikipedia.
- E-commerce payment system - Wikipedia.
- e-wallet stored-value - Wikipedia.
- Electronic cash - Wikipedia.
- Electronic money - Wikipedia.
- Envisioning Bitcoin’s Technology at the Heart of Global Finance
- Ethereum - Wikipedia.
- Ethereum, a Virtual Currency, Enables Transactions That Rival Bitcoin’s - The New York Times.
- Google Pay is the new Android Pay - engadget.
- Google redesigns the Pay app to take on Venmo & Mint - "Keep tabs on your financial activity all in one place."
- GOOGLE PAY’S MASSIVE RELAUNCH MAKES IT AN ALL-ENCOMPASSING MONEY APP - "It will include tap-to-pay, peer-to-peer, personal finance aggregation, customizable deals, and even full banking services."
- How to Prove You’re Bitcoin Creator Satoshi Nakamoto - Wired.
- How to send money abroad for free - The Telegraph.
- How to Use Snapcash - wikiHow.
- International money transfers: what is the safest way to send money abroad? - The Telegraph.
- Jack Ma's online payments firm is now worth more than Goldman Sachs - CNN tech.
- List of all cryptocurrency exchanges - CryptoCoinCharts.
- List of online payment service providers - Wikipedia.
- Mastering Bitcoin: Unlocking Digital Cryptocurrencies - essential reading for everyone interested in learning about bitcoin basics, the technical operation of bitcoin, or if you're building the next great bitcoin killer app or business. From using a bitcoin wallet to buy a cup of coffee, to running a bitcoin marketplace with hundreds of thousands of transactions.
- MAYBE GO AHEAD & MAKE YOUR VENMO PRIVATE - Wired.
- Millibit - the SI unit of 0.001 bitcoins (BTCs). A milli is the International System of Units (SI) prefix representing one thousandth (1/1000th).
- Mobile banking - Wikipedia.
- Online banking - Wikipedia.
- ONLINE SHOPPING - Wikipedia.
- Payment service provider - Wikipedia.
- Satoshi (unit) - currently the smallest unit of the bitcoin currency recorded on the block chain. It is a one hundred millionth of a single bitcoin (0.00000001 BTC). The unit has been named in collective homage to the original creator of Bitcoin, Satoshi Nakamoto.
- Satoshi Nakamoto - the pseudonym of a person or group of people who created the bitcoin protocol and reference software.
- SMS banking - Wikipedia.
- The Bitcoin Believer Who Gave Up - The New York Times.
- THE FERVOR AROUND BLOCKCHAINS EXPLAINED IN 2 MINUTES - Wired.
- Venmo - mobile payment service owned by PayPal. It allows users to transfer money to one another (within the U.S. only) using a mobile phone app. It handled $12 billion in transactions in the first quarter of 2018.
- What is cryptocurrency? - The Telegraph.
- WhatsApp’s Ground-Breaking Feature Suddenly Returns - "On June 18, 2020, WhatsApp announced a brilliant new feature: the capability to transfer money using the app. It launched but was quickly stopped. Now, it’s back."
- You Should Stop Using Texts for Two-Factor Authentication - Wired.
Top 25 Best Online Payment Service Providers
- Amazon coin - "Use Amazon Coins to get Kindle Fire apps & games for less."
- AMAZON PAY - "Build loyalty and benefit from years of Amazon innovation by accepting Amazon Pay." Amazon Pay makes it simple for hundreds of millions of customers around the globe to check-in and check out using information already stored in their Amazon account. The customer experience is familiar and trusted.
- Apple Pay - since 2014. "Cashless made effortless." Apple Pay is easy and works with the Apple devices you use every day. You can make secure purchases in stores, in apps, and on the web. And now you can send and receive money from friends and family right in Messages. Apple Pay is even simpler than using your physical card, and safer too.
- BITCOIN - founded in 2009. "The Internet of Money." ("A cryptocurrency for the masses.") Bitcoin is different than any currency you’ve used before, so it's very important to understand some key points. Unlike government issued money that can be inflated at will, the supply of Bitcoin is mathematically limited to twenty one million bitcoins and that can never be changed. Bitcoin is a peer-to-peer currency. Peer-to-peer means that no central authority issues new money or tracks transactions. These tasks are managed collectively by the network. Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Bitcoin can also be held as an investment. According to research produced by Cambridge University in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.
- BitPay - since 2011. "Accept bitcoin, store and spend bitcoin securely, or turn bitcoin into dollars with the BitPay Card." Provides payment processing services for merchants, and is one of the largest bitcoin payment processor.
- Bitstamp - "Go for the digital currency stars." Start trading Bitcoin (BTC), XRP, Litecoin (LTC) & Ether (ETH).
- Cash App - since 2013. (Formerly Square Cash) is a mobile payment service available in the United States and the United Kingdom that allows users to transfer money to one another (for a 1.5% fee for immediate transfer) using a mobile phone app. In September 2021, the service reported 70 million annual transacting users and US$1.8 billion in gross profit.
- Coinbase - "Buy and Sell Digital Currency." Coinbase is the world’s most popular way to buy and sell bitcoin, ethereum, and litecoin.
- Dogecoin - since 2013. Dogecoin is an open source peer-to-peer digital currency, favored by Shiba Inus worldwide.
- EcoPayz - since 2000. "Safe and secure payment service." Freedom to make secure online payments worldwide without worrying about your security and privacy
- Ether - "The crypto-fuel for the Ethereum network." Ether is a necessary element - a fuel - for operating the distributed application platform Ethereum. It is a form of payment made by the clients of the platform to the machines executing the requested operations.
- Ethereum - since 2015. "Blockchain App Platform." Cryptocurrency platform and Turing-complete programming framework intended to allow a network of peers to administer their own stateful user-created smart contracts in the absence of central authority.
- FLATTR - since 2010. "Fund the free press. Fund creativity." Support the content you love by funding the people who make it.
- Fortumo - since 2007. "Direct Carrier Billing in 100 Countries." One-click mobile payments in 100 countries. Fortumo is connected to more than 350 mobile operator networks in 100 countries. Our platform processes millions of payments each day, which means we have extensive data about user profiles and payment preferences around the world.
- Google Pay - since 2015. "A safer way to pay, every day." Digital wallet platform and online payment system developed by Google to power in-app and tap-to-pay purchases on mobile devices, enabling users to make payments with Android phones, tablets or watches. With privacy and security built into every payment, using Google Pay is safer than swiping your card or paying with cash.
- IZETTLE - since 2010. "Now anyone can take secure card payments. You and your friends. Your business. All you need is an iPhone or iPad and iZettle."
- Litecoin - since 2011. "Global decentralized based on blockchain technology." Litecoin is securely stored in a wallet on your computer, tablet, phone or laptop. Download yours and start sending and receiving payments with an address and a click.
- Mint - since 2005. "Changing what’s possible in payments." Mint Payments offers an omni-channel payments solution that enables companies of all sizes to accept credit and debit card payments via mobile or the web.
- Neteller - "With payments in over 200 countries, multiple currencies and numerous local deposit and withdrawal options, NETELLER has been trusted by consumers and merchants, since 1999 for secure online payments."
- PAY PAL - founded in 1998. Subsidiary of eBay Inc. American company operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders. PayPal is one of the world's largest Internet payment companies. The company operates as a payment processor for online vendors, auction sites and other commercial users, for which it charges a fee. In the second quarter of 2017, more than 210 million accounts were active worldwide.
- PayWizard - since 1997. UK-based provider of online payment and subscription management technologies and services.
- Pingit - since 2012. "Quick, easy payments using just your mobile number." Pingit links your mobile number with your bank account, and makes it quick and easy to send someone money. You don’t need to know account numbers or sort codes – just ping it from one mobile to another.
- Ripple - since 2012. "One Frictionless Experience To Send Money Globally." The world’s only enterprise blockchain solution for global payments.
- Skrill - founded in 2001. "Send money to anyone, anywhere, with just an email address." E-commerce business that allows payments and money transfers to be made through the Internet, with a focus on low-cost international money transfers.
- Snapcash - Snapchat has unveiled a new feature that will allow users to send money to other clients of the messaging app.
- Stripe - since 2011. "The new standard in online payments." Stripe is the best software platform for running an internet business. We handle billions of dollars every year for forward-thinking businesses around the world. Operating in over 25 countries allowing both private individuals and businesses to accept payments over the Internet. Stripe focuses on providing the technical, fraud prevention, and banking infrastructure required to operate on-line payment systems.
- Tether - "The new way to move money." Tether gives you the joint benefits of open blockchain technology and traditional currency by converting your cash into a stable digital currency equivalent. By leveraging Blockchain technology, Tether allows you to store, send and receive digital tokens pegged to dollars, euros, and yen person-to-person, globally, instantly, and securely for a fraction of the cost of any alternative.
- Venmo - since 2009. "Send money and make purchases at approved merchants."
- WEPAY - since 2008. Online payment service provider based in the United States that provides an integrated and customizable payment solution through its APIs to platform businesses such as crowdfunding sites, marketplaces and small business software companies. It offers partners fraud and risk protection.
- WebMoney - founded in 1998. "Universal payment system." Global settlement system and environment for online business activities. Since then, over 26 million people from all over the world have joined the system. No bank account or credit card is required to open or operate a WebMoney account.
- Xoom - since 2001. "Request money, mobile reloads, and bill payments from friends and family in the U.S." Offers money transfer services, primarily from one person to another, in many countries worldwide. Money is sent securely through a desktop and mobile site as well as a mobile app. Money sent by Xoom may be received in cash at banks and various other businesses depending on the recipient's location, as well as by deposit to bank accounts.