Which Payment App Is Right For My Business?

Which Payment App Is Right For My Business?

Whether you’re going into business for yourself is a side hustle or if you’re ready to take the plunge and become a full-time entrepreneur, you’re going to need to get paid. Luckily, the world of payment apps is quite expansive. You just need to decide which you will use and why.

Who Are You Selling To?

Are you selling to businesses or individuals? This question gains importance if you’re selling primarily to businesses. For example, PayPal makes transferring from your customer to you simple and cheap if you’re going from bank account to bank account but will charge a fee to send you money from a credit card. As most businesses use credit cards to handle transactions, you’ll want to keep that in mind when you set up your pricing structure.

Fatal Fees

Square is built to accept monies from credit cards, so the fees are built into the app rather than added on at the point of purchase. Consider keeping Square as a backup to move money from credit cards into your pocket.

Review Your Calendar

Payoneer is a great option if you’re converting money from pounds, euros, pesos, or any other international currency. However, Payoneer doesn’t like to pay you too often. There will likely be a small fee if you want money more than once a week.

Where Do You Bank?

If you bank at a credit union, consider using Zelle as a way to collect money. This tool is actually part of your credit union’s app. There is a limit to how much you can receive if they don’t incorporate Zelle into their system, so be aware that you may need to wait or to recommend they add it. As most credit unions are very receptive to their client’s needs, you can be sure that Zelle will be available soon.


Is there anything that Facebook isn’t currently touching? The Facebook Messenger payment app, of course, only works if you have a Facebook account. At this time, this app only accepts monies from a debit card or a PayPal account. If you already have a PayPal account, you have a way to collect payments, so why set up a Facebook Messenger Payment App? If you need to split a restaurant check or give your friend money for gas on a road trip, this app may come in handy.


Setting up your payment collection process will depend on your flow in international currency, your current bank account location, and how much money you’ll be collecting by credit card. Keep an eye on the fees, make sure your credit union will accept Zelle transfers, and keep things professional. Don’t use Facebook as your primary payment application.