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For business
Several of the cheapest payment methods are consumer-to-consumer only. Ranking them as ways to take a payment is a category error.
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Key takeaways
Some rails are built for people paying people: an instant bank transfer between individuals, with no merchant acceptance, no dispute process and no way to plug into a checkout. Others are built for businesses to be paid through, with settlement, reconciliation and chargebacks.
Both have fees, and a naive comparison will happily rank the peer-to-peer rail first because it is cheaper. It is cheaper because it is not doing the same job.
Rails a merchant cannot accept are flagged and excluded from any ranking that answers "what is the cheapest way to receive a payment". They still appear, with their real fees, because they are real options for sending money, just not for being paid.
Some rails are built for people paying people. They have no merchant acceptance, no dispute process and no checkout integration.
Because they answer a different question. They are listed with their real fees as ways to send money, but they are not ways for a business to be paid.
Settlement, reconciliation and a dispute process, which are part of what its fee pays for.
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Prices change. Everything here is explained against live fee data, so you can check any of it directly.
