Business has reached a new level. With the advancement of technology and the internet, the world of business has been revolutionized.

It is no longer the same ball game where you have to own a physical store before you can sell or provide your services.

Thanks to the Internet, anyone can easily successfully run a business worldwide without having any form of physical contact with clients. Virtual business is the thing these days.

However, with all these advantages, product and service entrepreneurs are worried about one thing – how to receive payments from all parts of the world.

That was the question on the lips of many business owners. It's one thing to have a product to sell or a service to provide, but it's another thing to know the easiest or most convenient way to sell/provide your services and get paid without any hassle.

I decided to answer this question in this article.

Read on!

Categories of online businesses

There are basically two types of entrepreneurs:

- Based on product a

- Based on service.

While the product-based product includes those involved in physical goods such as selling beauty products, food vendors, etc., the service-based product includes those related to online learning, website development, content writing, etc.

Paystack is a fintech company with a payment system that enables businesses to accept online payments across Africa and beyond. In other words, it allows both businesses to easily get paid locally and internationally.

In addition to accepting payments from customers using payment links, you can do other things with paystack, such as: generate invoices from your account, make instant transfers, get all your transactional and customer data, verify customer identity, automatic chargeback notifications, create for your business free e-shop.

As a start-up, you may want to go for payroll because you can start receiving payments with the platform without having a business bank account or company registration document.

2. FLUTTERWAVE

Second on the list of payment solution providers systems is flutterwave. This is very common among business owners. It has similar features to Paystack when it comes to receiving payment. The only difference between flutterwave and paystack is that apart from accepting payments via debit and credit cards, bank POS, transfers and USSD, flutterwave also allows you to make online payments using virtual dollar cards/MasterCards. It also supports payment for services.

However, if your business is already registered, flutterwave will be a great choice as the fees are relatively cheaper than paystack.

3. VOGUE PAY

This is one of the first payment systems that have existed since 2012. Voguepay allows you to make payments of various types such as utility bills, not only that, it offers users electronic wallets that give you the space to receive and send money to a fellow user. As an online store owner, this feature will allow your customers to easily pay for your products and services on your website.