, pub-2157271227703015, DIRECT, f08c47fec0942fa0 Best Free Online Payment Platforms For Small Businesses 2024

Best Free Online Payment Processing Platforms For Small Business In 2024

In the rapidly evolving digital landscape of 2024, small businesses are continually seeking efficient and cost-effective solutions to streamline their operations. One critical area of focus is payment processing. With an array of options available, choosing the right platform can be a daunting task. 

This article, “Best Free Online Payment Processing Platforms For Small Business In 2024,” aims to simplify this process. 

We will explore a selection of the top free online payment processing platforms that have proven to be game-changers for small businesses. 

These platforms not only offer robust features but also provide the flexibility and scalability that small businesses need to grow and thrive in today’s competitive marketplace. 

So, whether you’re a startup looking for your first payment processor or an established business considering a switch, this guide is for you. Let’s dive in!

background showing logos of the Best Free Online Payment Processing Platforms For Small Business In 2024.

Top 5 Best Free Online Payment Processing Platforms for Small Businesses – 2024

This list is curated by our team at DigiToolsHub after our thorough research. This is not a sponsored list and we have no affiliation with the mentioned brands, rather we did our best to provide you with the best small business payment processing platforms in 2024. Enjoy.

  1.  Square Free
  2. Zettle by PayPal
  3. Stripe Connect
  4. WePay
  5. Zoho Invoice

Square Free

Square Free is a free mobile payment processing solution designed for small businesses. It allows you to accept credit cards, debit cards, and Apple Pay through the Square Reader, a small device that attaches to your smartphone or tablet. You can explore and get the free Square Reader device here after creating a free account with them. Get the Square POS Android App, or the iOS App here to use for free.

Key features of Square Free:

  • Accept credit cards, debit cards, and Apple Pay
  • Create and send invoices
  • Manage inventory and track sales

Free plan limitations:

  • 2.6% + $0.10 transaction fee on swiped and keyed-in transactions

Zettle by PayPal

Zettle by PayPal offers a comprehensive payment processing solution for small businesses. It seamlessly integrates with existing PayPal accounts, providing a convenient and secure platform to manage your finances.

Key features of Zettle by PayPal:

  • Accept payments: Process various payment methods, including credit cards, debit cards, contactless payments, and mobile wallets (Apple Pay and Google Pay).
  • Manage inventory and track sales: Keep track of your stock levels and monitor sales activity within the Zettle app.
  • Create and send invoices: Generate and send professional invoices with ease.
  • Sync with existing tools: Integrate the platform with your accounting software and other business tools for streamlined operations.

Free plan limitations:

  • While Zettle offers a freemium model, transaction fees apply for processing payments. These fees typically involve a percentage and a fixed fee per transaction.
  • The free plan might have limitations on features compared to paid plans, so be sure to check their website for detailed information.

Overall, Zettle by PayPal is a strong contender for small businesses seeking a versatile and user-friendly payment processing solution.

Stripe Connect

Stripe Connect is a payment processing platform that enables businesses to route payments between multiple parties, such as marketplaces and software platforms. It allows businesses to collect payments from customers and automatically pay out a portion to sellers or service providers. Stripe Connect handles Know Your Customer (KYC) obligations for payments and helps businesses meet other requirements for payments compliance. It also offers features such as instant payouts, in-person payments, lending, and more.

Key features of Stripe Connect:

  • Accept payments on your website or mobile app
  • Send invoices
  • Manage subscriptions

Free plan limitations:

  • 2.9% + $0.30 transaction fee


WePay offers online payment processing solutions for businesses, with a unique emphasis on crowdfunding campaigns.

WePay is a payment gateway for secure and fraud-less revenue growth. It 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 three products: Clear, Link, and Core, and enables payments to platforms through its APIs. WePay offers fraud and risk protection as a service through its proprietary risk prevention system and through several third-party services.

Key features of WePay:

  • Accept online payments
  • Send invoices
  • Manage crowdfunding campaigns

Free plan limitations:

  • 2.9% + $0.30 transaction fee

Zoho Invoice

Zoho Invoice is a free online invoicing software primarily focused on generating and sending professional invoices. 

Zoho Invoice is an online invoicing software designed for small businesses to streamline invoicing and payment collection processes. It offers a range of features to create professional invoices, track time, manage expenses, and monitor business performance. 

Users can create invoices, send quotes, automate recurring invoices, and track payments efficiently. Zoho Invoice ensures data security and privacy, with no advertisements or data selling. It provides a user-friendly interface, customizable templates, and supports multiple languages for a seamless billing experience.

Key features of Zoho Invoice:

  • Create and send invoices
  • Accept online payments (paid add-on)
  • Track expenses and income

Free plan limitations:

  • Limited to 5 invoices per month, upgrade required for online payments

Best Online Payment for Business Comparison Table

FeatureSquare FreeZettle by PayPalStripe ConnectWePayZoho Invoice
Transaction fees2.6% + $0.102.9% + $0.10Varies on platform integration2.9% + $0.30N/A (free plan)
Monthly feesFreeFreeFreeFreeFree
Supported payment methodsCredit cards, debit cards, Apple PayCredit cards, debit cards, contactless payments, mobile walletsVaries on platform integrationCredit cards, debit cards, ACH paymentsN/A
Ease of useVery easyVery easyModerate (requires coding)EasyVery easy
Customer supportChat, email, phoneChat, email, phoneEmail, ticketsChat, email, phoneEmail, tickets

Things To Consider When Choosing A Free Online Payment Processing Tool for Your Small Business

While free online payment processing tools can be a great starting point for small businesses, it’s crucial to choose one that aligns with your specific needs. Here are some key factors to consider:

  1. Transaction fees:
  • Understand the pricing structure of each platform, including per-transaction fees, fixed fees, and monthly fees (if applicable).
  • Calculate your estimated transaction volume to see which platform offers the most cost-effective option for your business.
  1. Supported payment methods:
  • Consider the payment methods your customers prefer, such as credit cards, debit cards, mobile wallets, or ACH payments.
  • Choose a platform that supports the methods most relevant to your target audience.
  1. Ease of use and integrations:
  • Evaluate the platform’s user interface and how easy it is to navigate.
  • Look for integrations with your existing accounting software or other business tools for streamlined operations.
  1. Security and compliance:
  • Ensure the platform adheres to industry security standards and protects customer information.
  • Verify compliance with PCI-DSS regulations to ensure secure credit card processing.
  1. Customer support:
  • Check the availability and quality of customer support, especially if you anticipate needing assistance setting up or using the platform.

Additional considerations:

  • Free plan limitations: Be aware of any limitations associated with free plans, such as transaction volume caps or restricted features.
  • Company reputation and reviews: Research online reviews and the overall reputation of the platform before making your decision.
  • Scalability: Consider how well the platform can accommodate your business growth in the future.

By carefully evaluating these factors and tailoring your choice to your specific needs, you can find the best free online payment processing tool to help your small business thrive.


DigiToolsHub overall Best Free Online Payment Processing Platforms For Small Business In 2024 are Square Free, Zettle by PayPal, Stripe Connect, WePay, and Zoho Invoice. 

Choosing the ideal free online payment processing platform for your small business is crucial for streamlining finances, enhancing customer experience, and boosting your bottom line. With numerous options available, each with its own strengths and limitations, it’s essential to carefully evaluate your specific needs before making a decision.

We encourage you to conduct thorough research, compare different platforms, and consider factors like transaction fees, supported payment methods, ease of use, and customer support. By selecting the platform that best aligns with your requirements, you can set your small business on the path to success.

If you have any questions or contributions to this, you can leave them in the designated comment section below.

If this article was also helpful, then click on any of the social buttons below to share to your preferred social media platforms. To your success.

Share this content

FAQs on Best Free Online Payment Processing Platforms for Small Businesses in 2024:

There isn’t a single “best” platform. It depends on your individual needs (transaction volume, features, etc.). Compare options like Square Free, Zettle by PayPal, and Stripe Connect.

Focus on transaction fees, supported payment methods, ease of use, security, and limitations of free plans.

Yes, Zoho Invoice provides free invoicing with limited payment processing (requires paid add-on).

Reputable platforms like the ones listed adhere to security standards and protect customer information. Look for PCI-DSS compliance.

Most platforms offer paid plans with higher transaction volume limits and additional features. Upgrading might be necessary as your business grows.

Not directly. Square Free and Zettle focus on mobile payments. Stripe Connect integrates with platforms for website payments (requires coding).

Some, like Zettle and Square, do not require a merchant account, while others, like Stripe Connect, might need one. Check individual platform requirements.

Generally, no. However, some platforms might offer paid plans with additional features and higher transaction limits.

Customer support quality, company reputation, and potential for platform integrations with your existing business tools are also important.

Visit the websites of the platforms mentioned (Square Free, Zettle by PayPal, Stripe Connect, WePay, Zoho Invoice) for detailed information, pricing, and features.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top