Question

Research on the Internet and find Five (5) companies (not banks) that process electronic payments in your community.

2.   Prepare a table including :

• Company Name:
• Year that the company began the business:
• Fare or Rates:
• Sales and Gross Profit for the past two (2) Years.

3.   Rank the companies and write two paragraphs about your findings.

4.   Present graphs that support your findings.

Answer 1

Name of companies	Year started	Fares/Rates	Profit	Rank
PayPal	Dec 1998,	5.4% + 0.30 USD per transaction	Refer the Chart	#1
Due	2015	$7.99/month $16.99/month $27.99/month	2019 stats $1.74 million USD	#5
Stripe	2010	2 – 3% for domestic(Indian Market) 4.3% for International Market	$150 million in 2016 $245 million in 2018 $100 million in 2019	#3
Square	Feb 2009	Based on transaction types, Square charges you 2.5% + $0.10 2.6%+ $0.10 2.9% + $0.30 3.5% + $0.15	2019 - $4714 mn 2018 - $3298 mn 2017 - $2214 mn	#2
Brain Tree	2007	Standard pricing of 2.9% + $.30	$ 230 mn - 2019	#4

PayPal is definitely a useful addition to your business and individual website. It has a huge customer base and multiple offerings, with more than 12% preferred payment method in the US it is genuinely accepted.

Stripe, could be a great option to consider for your brand new or already existing start-ups business.

Square, is mainly focusing on small business entities for their online and offline sales. They have different categories of offers which they offer to companies looking for enhancements.

Braintree is mainly focusing on the enterprise level. It is one of the oldest players in the payment business. If you are technically sound probably you must explore it.

Due, focus on freelancers, small business for easy billing and payment process. It offers time tracking facility and project management with international credit card processing.

PayPal Profit details