What Is The Best API For Payment Processing?

couple transacting online

An API is an acronym for Application Programming Interface.

It allows the application to interact with an external service using a simple set of commands. It is a set of protocols that allow technology products and services to communicate with each other via the internet.

Payment Processing API

Payment Processing APIs are designed for managing payments via eCommerce sites to process credit/debit cards, Direct Debit, track orders, and manage customers’ data. It can integrate multiple payment sources, provide customers with a means of tracking their payments and manage recurring subscriptions.

Beneficial for small and medium-sized enterprises, payment processing API can be used to maintain clients’ lists and manage brick-and-mortar customers to make payments by using an affordable pricing model. Any API payment is associated with three major components: Payment Processor and Payment Gateway. They work together and if anyone is missing; the entire system is in troubleshooting.

The payment processor manages the card transaction process by transmitting information from the customer’s credit/debit card to the merchant’s bank via the customer’s bank.

The payment gateway is an online version of a point-of-sale device that connects the merchant website and the payment processor. It manages the transaction and ensures payments that are to be received by customers to the merchant account.

CloudBanking payment processing offers all the solutions and ties the payment processor with a payment gateway.

payment details dashboard

The best API for Payment Processing

Though payment processing is virtual companies, it provides payment services to both in-store and online store. It is important for businesses of any type and industry that their payment partner is fully functioning all the features. Thus, it is very important to choose your payment partner that is secure, reliable, and better performing.

With a reference to market research and customer review, we have listed the top 10 payment processing services with a complete package of performance, security, PIC compliance, and distinctive features.

CompanyTransparent PricingPricing ModelMonthly FeesContract Length
CloudBankingYesFlat Rate/ InterchangeNoPay as you go
WePayNoFlat RateNoPay as you go
StripeYesFlat RateYesPay as you go
DueNoFlat RateYesMonth to Month
SquareYesFlat RateNoPay as you go
Autorize.netYesFlat RateYesPay as you go
SecurePayYesFlat RateNoPay as you go
2CheckOutYesFlat Rate/ InterchangeYesMonth to Month
CardConnectNoFlat Rate/ InterchangeYesMonth to Month
PaySimpleYesFlat RateYesPay as you go

CloudBanking is an innovative end-to-end cashflow solution provider that gives a seamless experience, whether you are an online entrepreneur, freelancer, or a consumer who loves shopping online. It has everything that a small and medium size business needs to process credit cards online and in-store with low rates and offers a choice of interchangeable pricing plans. With the features of accounting integration, recurring billing, hosted checkout, and fraud production, you can set up automatic invoicing/ email payment reminders and has a dashboard that tracks accounts receivables.

CloudBanking has the following characteristics, that makes it unique and best API payment processing:

  • All-in-one payments system; has very responsive API
  • Best for businesses doing basic credit, debit, and ACH processing; affordable rates with no monthly minimums
  • Major accounting software integration feature (Xero, MYOB)
  • More than just a payment processing platform. It also offers time tracking, project management, and customized online invoicing options
  • Accepts high-risk merchant accounts
  • Allows the user to accept all major credit and debit cards on both desktop and mobile platforms
  • Feature a customizable or pre-built checkout form. The dashboard system can also save card details so returning customers can pay with just a few clicks
  • No additional fees for setup, cancellation, and account maintenance

How can we Help? CloudBanking has developed a single and streamlined cash flow management solution that can manage all payments. Our payment portal is focused on automated payment collection, cutting down on the amount of administrative cost that you might need to deal with when chasing invoices. Find out more features of Cloudbanking with accounting integration and recurring payment.

Suite 2, 1 Clunies Ross Court
Eight Mile Plains, QLD 4113 AUstralia

+61 1300 117121
+61 7 3532 9495

follow us


© Copyright 2024 Cloud Banking Pty Ltd. All Rights Reserved.

cloud banking pricing table


Run fast, accurate, and automated accounting processes through Cloud Banking’s white label portal for accountants. Simply ask your customers to log on to your dashboard so you can download all their statements and reports—making it easier for you to do their taxes. Likewise, you can make sure that our platform can help you streamline everything from financial consolidation to compliance reporting and audits.


Our innovative payment solutions can easily be integrated into your existing accounting, invoicing, and billing software so you can get paid faster and more secure. Interested? Start by talking to one of our business specialists today.


Are you in the high-risk vertical market? Getting tired of looking for a reliable payment solution for high-risk industry? Don’t worry! CloudBanking got you covered.

We understand that banks and low-risk providers may instantly turn down merchant accounts who they deem industries with a history of high chargebacks, irregular high ticket sales, or that are highly regulated. Thus, finding a high-risk payment processing solution that keeps high-risk businesses running efficiently might be a daunting, frustrating process. This is all the more true for the CBD oil industry. However, CloudBanking understands that your business model works for you. We believe in your business’ desire to help the community and we’re committed to providing top-rated services.

Thus, we go the extra mile to ensure your business’ security and efficient cash flow. We provide tailored solutions and features because we understand your unique needs. You can now offer your customers a smooth and seamless journey with our innovative payment solution for high-risk industry.


Focus on what matters most to your business—your customers. And allow CloudBanking to take care of your payments. Our payment solution for health and wellness industry will be your trusted partner in improving your customer experience. With our innovative platform engineered to accept all kinds of payments and provide the security you need; we can guarantee you streamlined business operation.


In the ever-changing global marketplace, make your business at the forefront of innovation to give your customers the best customer experience. Trust that our payment solution for health and wellness is here to help you meet your customers’ expectations while improving your cash flow. Contact us today to experience the difference.


Are you one of the small or mid-sized businesses in the field service industry having trouble collecting payments? And are you tired of all the waiting and hassles? Then, it’s time for you to adopt a phone- and cloud-based payment solution for field services that will improve your cash flow and accuracy. Allow your field services staff to accept payment on-site so they can focus on the next job.


Level up in the game field by offering a cutting-edge payment solution for field services that will assist you in meeting your needs and improving your bottom line. Contact us to know how we can be your trusted partner in getting paid faster and secure.


The retail environment has evolved rapidly in the past years. To keep with the pace and increase your bottom line, you need to integrate a platform providing a full suite of card payment systems that fully satisfies the needs of you and your customers. CloudBanking’s payment solution for retail industry is here to help you stay in the game and be more competitive.


Powered with the latest technology, our credit card processing solutions allow retailers to accept any form of card payments such as credit cards, debit cards, and EMV-compliant cards. Our payment solution for retail industry can help you effortlessly manage your point-of-sale transactions while you boost your retail sales.


CloudBanking offers a customized payment solution for professional services companies, such as law firms, insurance agencies, and accounting firms. Our platform is designed to provide you a safe, convenient, and secure way to accept your service fees and lessen the administrative cost related to payment processing.


We understand that your business’ payment processing needs are unique. So you can’t just rely on any payment processing platform to manage your cash flow. You need a trusted partner to receive payments fast, secure, and easy. Enjoy this hassle-free process when you integrate our payment solution for the professional services industry.