Mobile Wallet Options for Small Businesses
There are many mobile wallet options in the market, but which mobile wallet is the best for a small business? Which mobile payment option is the market leader? Check the comprehensive list below by yourself!
Arranged in alphabetical order.
Arranged in alphabetical order.
2CheckOut provides an online payment processor solution that handles both payments and risk management and currency and language complexities, allowing online retailers to sell goods and services to buyers all over the world. The company's platform offers a dynamic checkout experience that automatically adapt to the buyer's device (PC, tablet or mobile). In January 2013, Chicago Growth Partners and Trident Capital acquired a majority stake in 2Checkout. Terms of the deal were not released.
Align Commerce is a next generation Payment Service Provider (PSP) for global commerce. The company enables businesses and payment platforms to send and receive payments in local currency via a simple, frictionless and inexpensive manner by using the block chain as a new settlement rail.
Allied Payment Network
Allied Payment Network offers online bill payment service to financial institutions including banks and credit unions as well as directly to consumers. The company delivers simple and accurate bill pay services to Institutions at a cost that allows for an aggressive attitude toward bill pay adoption in order to enjoy a deeper relationship with your customers.
Bitcash is a mobile wallet & gateway platform built on the BitShares blockchain.
BlueVine gives small businesses an advance on their invoices. Lumpy cash flow and long payment cycles often put a strain on small businesses' working capital. BlueVine gives small businesses access to the funds they need to purchase inventory, cover expenses or expand operations. BlueVine's quick, simple, online solution lets small businesses get paid on day one for invoices due in 15-90 days.
BOKU is a mobile payments firm that allows users to pay for digital goods and social experiences across the web. Boku is based in San Francisco with offices in Europe, Asia and Latin America. Per the company, BOKU's goal is to bring bank-grade payments technology and mobile users together on the web, creating a trusted, viable and accessible market for consumers, merchants and carriers alike.
CardCash.com provides a secondary gift card exchange on which consumers can buy, sell, and trade unused gift cards. Recipients of gift cards can sell their cards on the exchange and get cash, which can then be used to use to pay their rent or mortgage, or to buy basic necessities. At the same time buyers can save on average 10-15% off at their favorite merchants by purchasing gift cards at a discount.
eZuza offer a seamless and reliable method of conducting payments and other financial transactions remotely. The company is suited to manage both local and international currency exchange in a global e-commerce environment. With the mobile payments industry rapidly expanding and the Internet continuously growing in business and consumer markets, eZuza provides flexible payments solutions and networks that enable clients the freedom to transact safely, conveniently and affordably. eZuza offers customers access to payment-processing networks, yet maintains personalized customer attention. The company also provides the latest online technology to ensure each monetary transaction is safe, error-free and processed quickly.
Dynamics produces interactive payment cards that utilize programmable magnetic stripes to communicate information to magnetic stripe readers used in payment card transactions.
fastacash provides a global platform which allows users to transfer value (money, airtime, other tokens of value, etc.) along with digital content (photos, videos, audio, messages) through social networks and messaging platforms, enabling secure and cost-effective transactions domestically and internationally. As a technology enabler, fastacash partners with companies and brands in the payments, remittance, consumer products, social and gaming industries to bring its technology to end-users.
FitPay offers an entirely new way for transacting payments using any wearable device. It frees consumers from having to carry cash, credit cards or a smartphone. All personal data and card information is fully encrypted and not shared at the point of sale where it can be compromised. FitPay is a new, secure, touch-free way to pay.
Flint is a mobile payment service for small businesses that makes it easier than ever to accept credit cards and increase customer engagement. Designed for businesses that operate outside of traditional retail stores, Flint's iOS and Android apps allow users to take credit cards without a card reader by scanning instead of swiping or via online invoice payments. The all-in-one platform offers digital coupons to facilitate customer loyalty and referrals as well as a merchant portal to track transactions, payments, invoice management and more. Flint is a secure Payment Service Provider which provides instant setup without a merchant account and low transaction fees.
FreedomPay delivers payments management solutions enabling organizations to improve the way they send, receive and settle payments. The FreedomPay Commerce Platform is the best way for merchants to simplify complex payment environments.
InvoiNet offers a simple way for sending and receiving invoices, collecting, paying and reconciling accounts online.
Alternative Payments, dba Judo Payments, creates custom card payment solutions for mobile apps. Users can simplify payment processes with Judo's custom mobile payment solution and turn mobile browsers into mobile buyers. Increase conversion, enable one click payments, and simplify operations with the company's end to end payments service.
Mobile Money Americas Corp.
Mobile Money Americas Corp., dba m-banco, is a mobile and fixed telephone transfer solution that enables customers to transfer money national or international. It is aimed for mobile and fix telephone customers who have or do not have a bank account, either by choice, or because they do not want to have access to a bank or because they do want to save in financial cost.
MovoCash, dba MOVO, is the creator of a patent pending technology called P2A4, a system that links the old world infrastructure of yesterday to the new world of revolutionary payment technologies promoting economic inclusion on a global scale.
Mozido provides a suite of white-labeled mobile financial transaction services to serve unbanked and under-banked consumers. Mozidos financial services solutions enable the movement of money, payment of bills and purchase of goods and services across multiple channels via mobile and electronic devices. Mozidos mFS platform is provided to clients exclusively on a white-labeled basis, where a multi-channel wallet will be developed that is customized to fit with a clients vision and brand.
PAAY offers a complete mobile payment solution that's easy, fast, and, above all, secure: online and off.
PayClip, dba Clip, is a payments company with a solution that enables a much broader range of merchants to accept credit, debit and other types of cards, using a smart phone plug-in and a sophisticated risk-management system to manage merchants and process transactions.
PayIt provides a patent-pending mobile platform that for citizen-government payment processing for state and local services, such as the DMV, permits and licensing, turnpike passes, income tax, traffic citations and more. Kansas Transportation Authority recently deployed the PayIt Kansas mobile app, providing K-TAG account users the ability to access and manage their K-TAG account anytime, anywhere, directly from their smartphones.
PayKey, formerly GetGems, enables payments within social network chat. Its solution is independent of the underlying payment technology, including credit cards, wire transfer or distributed ledger. PayKey solution fits within any social network including Facebook Messenger, WhatsApp, Twitter etc. Leveraging existing networks creates simplicity and an intuitive payment experience. Users enjoy minimal transactions fees and instantaneous money transfer.
Ping++ is a Chinese integrated payment firm. The company offers an integrated payment SDK and a comprehensive payment solution for developers. Ping++ integrates the major third-party payment channels (WeChat payment, AliPay, Union Pay, etc) into one set of unified API, and provides service from channel application to order/data management.
SwervePay empowers patients to pay their bills on the go, no mobile apps, no paper, just one-click payments via text message. The portal-free platform eases the process for patients and alleviates manual tasks in the revenue cycle process. With its powerful and secure integration engine, as well as back-end electronic health record automation, it enables healthcare providers to more easily and quickly collect patient balances before, during and after care.
The PayPro is an online platform that makes it possible for professionals, micro and small businesses to make payments in 35 currencies, avoiding the banks' hidden charges.
PayCommerce is focused on providing sustained innovation throughout the payment industry ecosystem. The company offers a next generation cloud-based payment platform and payment solutions for enterprise based needs in B2B, B2C, and C2B payments.
PeerNova is leading the innovation in peer to peer applications and platforms for the digital currency and e-commerce markets. The company offers world class, high performance hardware and software solutions at the lowest OpEx and CapEx.
LivQuik Technology is a Mumbai-based payments technology startup. The company's QuikWallet is a mobile wallet that will enables customers to pay at retail outlets and restaurants directly from their smartphones.
Rev Worldwide has built a global payments network designed specifically to innovate cutting-edge, end-to-end payment solutions that bring financial empowerment to people everywhere. Rev's processing platform allows the company and its partners to achieve standardization and consistency worldwide while seamlessly adapting to local currencies, customs, languages and laws.
Revolut is a personal money cloud, cutting hidden banking fees to zero. It allows users to exchange currencies at perfect interbank rates, send money through social networks and spend with a multi-currency card everywhere MasterCard is accepted. All this is done at the touch of a button, in a mobile application. The company's goal is to completely remove all hidden banking costs.
Satispay is an independent and inexpensive payment network that can be used for micro payments, peer to peer money transfer, in-store and online purchases and nonprofit donations through a cross-platform mobile app. Satispay's goal is to help people enjoy life and achieve their goals by making all money exchange easy.
SilkStart has built a platform that helps organizations accept payments online for dues, events and a host of other things.
snapCard has a wide range of tools that enable businesses to start accepting digital currency payments. From the local bakery, to the large online merchant. Propel businesses ahead of the competition and become an industry pioneer.
Snapchat plus Square, payments made faster and more fun. After you enter your debit card, it’s securely stored by Square, who will swiftly process your payment and send cash directly to your friend’s bank account. Just swipe into chat, type the dollar sign, an amount (e.g. $11.25), and hit the green button.
Tiply is the first peer-to-peer mobile payment application that allows people to tip service professionals (or pay any individual) with their phone without the exchange of any personal information, like phone numbers, email addresses and credit cards.
TransferWise is a money transfer service using a peer-to-peer model to get best rates for consumers and help customers move money from one play to another in a secure, fast and convenient way at a low cost. All TransferWise exchanges operate at the real mid-market exchange rates that traditional, big banks get on the interbank market.
Uphold, formerly Bitreserve, enables anyone, anywhere to move, convert, hold and transact in any form of money or commodity instantly, securely and for free. Launched by Halsey Minor in November 2014, Uphold is headquartered in Charleston, South Carolina, with operations in London, Braga, Shanghai and San Francisco.
Velocity Mobile offers a mobile payments technology that helps restaurants build deeper, more personal relationships with diners. Empowering diners to discover, reserve, pay and rewards in one app, Velocity gives them greater control of their experience, and rewards them for their loyalty.
Verse is building a product that makes payments easy. The company endeavors to create a superior user experience while empowering people to send and request money from any phone for just about anything.
Viableware provides the RAIL payment platform works as a handheld device that replaces the standard leather folder that is used to present the bill at most restaurants and automatically splits the bill, calculates the tip, and emails a receipt. It also allows the guest to self-swipe their own card and retain possession of it throughout the entire transaction, mitigating any chance of card information theft.
WePay is a payment tool that allows users to instantly create accounts for anything. These accounts provide electronic billing and collection through e-checks, credit cards, and paper checks, and enable transparent spending through WePay debit cards, online bill pay, and electronic transfers.