Mobile commerce has been on a steady rise for the past few years, and according to Statista, it is projected to make up 72.9% of all e-commerce by 2021. And with 85% of consumers preferring apps over mobile sites and mobile apps holding the lowest cart abandonment rate at 20%, e-commerce apps are rapidly gaining in popularity.
However, not all payment solutions have great support for mobile apps. In this post, we will take a quick look at some of the top in-app payment solutions.
Stripe is the company that democratized online payments and arguably the most popular payment solution regardless of platform. They offer SDKs for iOS and Android that allow you to accept payments without having to deal with all the complexities of PCI compliance and accept a very wide range of payment methods, including local payment methods in many countries. They also provide you with prebuilt UI components that you can customize to build a checkout flow that suits the look and feel of your app.
Pricing: Stripe charges 2.9% plus 30¢ per transaction, plus an additional 1% fee for international cards and an additional 1% if a currency conversion is required.
Braintree is a powerful and easy-to-use in-app payments solution that was acquired by PayPal in 2013. They offer SDKs for iOS and Android to handle payments and accept a wide range of payment methods, including local payment methods in many countries. However, although Braintree provides a prebuilt drop-in UI that you can use for checkout, it is not customizable and you will need to build your own if it does not fit your app.
Pricing: Braintree also charges 2.9% plus 30¢ per transaction, plus an additional 1% fee for international cards and an additional 1% if a currency conversion is required.
Adyen is another popular payment solution that supports iOS and Android. They accept a wide range of payment methods although not as much as Braintree and Stripe do. For the checkout UI, Adyen provides both, a ready-made drop-in interface with limited customizations, and highly customizable components that you can adapt to your brand.
Pricing: Adyen's pricing is different for every payment method and region. Visit their website for more details.
Judopay is an in-app payments solution that describes itself as mobile-first. Besides iOS and Android, they offer easy to integrate SDKs for React Native and Xamarin to handle payments in your app and accept multiple payment methods. Judopay provides highly customizable pre-built checkout pages that you can easily adapt to your brand.
Pricing: Judopay offers tailored pricing and you will have to contact them for a quote.
Square’s payment solution might not accept the widest range of payment methods or be the most feature-rich solution on the list, but it is the only one to offer a Flutter SDK. They also support iOS, Android, and React Native and offer an easily customizable pre-built checkout flow.
Pricing: Square's pricing changes by region, but they charge 2.9% plus 30¢ per transaction in the U.S. and Canada with no extra costs for internationally-issued cards.
Paysafe is a payment solutions provider from the UK that supports a wide range of payment methods on iOS and Android. As you can guess from the name, they have an increased focus on security however, their security features are also offered by most of the tools in this list. Unfortunately, Paysafe does not offer any pre-built checkout components and you will have to build your own.
Pricing: Paysafe offers tailored pricing and you will have to contact them for a quote.
Checkout.com is a feature-rich payment solution that has a high focus on its mobile SDKs. It is available on iOS and Android and supports a very wide range of payment methods including local payment processing in more than 50 countries. Checkout's SDKs offer fairly customizable pre-built UI modules that you can adapt to your app in most cases.
Pricing: Checkout.com offers tailored pricing and you will have to contact them for a quote.
Authorize.Net is a payment solution developed by Visa to facilitate payment processing on a lot of platforms, including iOS and Android. It does not support as wide a range of payment methods as other tools on this list but does accept most of the major credit card and digital wallet providers. The mobile SDKs don't provide pre-built UI checkout components however, Authorize.Net does have award-winning APIs.
Pricing: Authourize.Net charges 2.9% plus 30¢ per transaction, plus a $25 monthly gateway fee. However, there are no additional fees for international transactions and currency conversion.
Trust Payments is another payment solution from the UK with a big focus on security. The tool tries to be an omnichannel payment solution, accepting a very wide range of payment methods and integrating with all major shopping carts however, they only offer an iOS SDK. On the plus side, they do offer highly customizable pre-built checkout UIs that you can easily adapt to your brand.
Pricing: Trust Payments offers tailored pricing and you will have to contact them for a quote.
BlueSnap is a very powerful payment solution that accepts more than 100 payment methods and offers extensive features. With support for iOS and Android, it also integrates with hundreds of tools like all the major shopping carts and can fit right into an existing workflow. BlueSnap offers a pre-built checkout form but unfortunately, it is not customizable and you will need to build your own if you require any changes.
Pricing: BlueSnap's pricing differs by region, but they charge 2.75% plus 30¢ per transaction in the U.S.
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