Sharing My Research on Payment Processors for Startups
Hi guys! Gusto ko lang sanang i-share yung research ko because I know we're shifting towards cashless payment methods and the number of credit card users is really increasing dito sa PH. I am startup as well, kaya might want to read up on the best payment processors that can help you accept credit cards, QRph, and BNLP like Billease and so on.
This isn't sponsored.
I highly suggest HitPay, (SaaS + Startup). It works well for integration with online checkout and in-person payments. Based on my experience, they have the lowest fees at around 3% + ₱15 per transaction, and 1% for QRph. You can check their pricing here: HitPay Pricing. Plus, their app and website are easy to navigate.
Next up is Xendit with fees at 3.2% + ₱10. You can see their pricing here: Xendit Pricing. This one is also great for SaaS and Starup because their API resources and integration make it super helpful. User-friendly din ang app at madaling gamitin ang website.
For startups na may DTI registration at BIR form 2303, Paymongo has the friendliest onboarding for merchants. They're really accommodating to startups, and their fees are 3.125% + ₱13.39, and 1.34% for QRph. Check it out here: Paymongo Pricing.
Lastly, for a business bank account, I highly recommend First Circle bank: https://www.firstcircle.ph/business-banking
You can open a bank account online with instant transfers and no fees.
Hopefully, this helps you guys out! If you have other recommendations, personal experiences or questions with payment processors, feel free to share!
