The Three Companies Dominating the Payments Industry

Marketing Land recently released its ranking of the best payment processing companies currently in the industry, with PayPal, Due, and Stripe topping the charts, respectively.

At the number one rank, PayPal currently operates in over 200 countries and can work with upwards of 26 different currencies. It transcends across browsers, apps, and readers, and even offers a credit line to its customers.

At number two, End-to-End service Due deals mostly with freelancers, small business, and others, handling their billing and payment processes as well as time tracking, project management, and invoicing, available in 100+ languages and currencies.

Coming in third is Stripe, a payment solutions company that can customize its API to fit any developer’s needs for debit, credit, or bitcoin in over 130 currencies.

The payments industry is always changing, and at a fast pace. With Business Insider’s latest report on the industry’s ecosystem, a few key points included:

• Payments companies are focused on improving factors such as security, mobile offerings, and ecommerce, which will incentivize digital services.
• In order to understand the complexities of the payments industry, it is necessary to understand credit and debit processing, and the roles of acquirers, processors, issuing banks, card networks, and more.
• Alt-tech products such as refrigerators and smartwatches will be catalysts for changing how consumers pay. Similarly, blockchain technology could be the future of verification.

You can find the full report here.