Best 10 Payment Gateways To Succeed In eCommerce Platform
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Ankit Patel - December 17, 2021
- 5 min read
In today’s world, a payment gateway is the future of eCommerce, and having the best payment gateway for your eCommerce store is the most valuable asset you can have in order to thrive in any business. Having a secure payment gateway integrated by an expert app development company will greatly assist you in reassuring your visitors about the legitimacy of your business.
Why Payment Gateway Is Important?
Essentially, the payment gateway acts as a conduit between your e-commerce store and the bank that will be processing the customer’s payment. Additionally, it will make it feasible for you to receive money from your internet consumers to your bank account.
A payment gateway supports merchants to provide secure transactions through credit cards and other online purchases. Remember that if your e-payment store’s payment gateways aren’t set up properly, you may never stand out from the crowd. Unsatisfied customers mean a large decline in sales. Thus, choosing the correct payment gateways, however, can ensure your online business’s long-term success.
What to Consider When Choosing a Payment Gateway?
Before making a final decision on which payment gateway is ideal for your eCommerce store, you should take the following aspects into consideration:
- Examine the payment gateway’s changeover cost. Make sure it fits your budget.
- Choose a payment gateway that does not require you to sign up frequently.
- To prosper and be a pioneer in eCommerce, you must spread your business globally. Find a payment gateway that accepts multiple currencies.
- Check the payment gateway’s terms and conditions to see what products you can sell.
- Verify that your payment gateway accepts Mastercard, Visa, and PayPal.
- Assure that users do not ask for optional information.
Payment Gateway solutions are more than just a technique to keep online purchasing safe. They are also a tool to improve customer service. An online payment gateway does more than simply transmit payments. It also authorizes them and sends them on to the vendor in a safe and secure manner. Payment gateways take into account PCI compliance standards when determining whether or not to accept a transaction.
Top 10 Payment Gateways For Your E-commerce Success
1. Paypal
Invented in 1998, Paypal is a popular payment gateway that accepts credit and debit card payments. It is free for buyers. The cost is “3.4 percent + $0.30 USD” when accepting credit card payments through PayPal. The best aspect is that you only pay when you sell. This payment gateway has no setup or monthly costs. By availing of the services of a leading mobile development company, you can easily integrate PayPal into your eCommerce store.
Know more: How Much is it Going to Cost to Develop an App Like PayPal?
2. Amazon Payment
Amazon is yet another secure payment gateway for eCommerce as it offers a safe and secure payment method that is also easy to use. it can make online buying more convenient and secure for both merchants and customers once integrated secure payment gateway. All that is required for the customer’s Amazon account are credentials to finish registration and check out successfully.
The interesting thing about Amazon gateway is that it is less expensive while providing more protection. Most payment gateways charge a flat cost to clients, but Amazon payments are available in a variety of languages and currencies to reach a global audience.
3. Paytm
Paytm getaway for eCommerce has become one of the most popular and preferred digital wallets in India due to its mesmerizing services and offers. It is widely used by millions of business owners including notable brands like Dominos and BigBasket. Moreover, recently, Payment gateway app development services are high demand due to the growing online businesses. Interestingly, Paytm has a beginning package for freelancers and small companies. You can choose from many plans for Paytm installation.
4. Braintree
Braintree was founded in 2012 and now has become the most trusted payment gateway for e-commerce businesses in India as well as globally. It is an easy and secure checkout process, as well as comes with a range of incredible features, that are so customized to a merchant’s website that it makes the process of payment between a customer and merchant easier. While there are no monthly or hidden costs, you can learn more about their unique pricing at Braintree Pricing.
5. Skrill
Skrill is a globally recognized payment gateway, which you can easily integrate with the support of the best eCommerce app development company. When it comes to services, Skrill understands the needs of today’s consumers and businesses. Skrill began operations in the year 2001, but now it has become a popular brand providing services to major firms.
Skrill has been recognized and awarded by a number of leading organizations, including the Deloitte Technology Fast 50 Award, the B2B EGP Award, and others. In addition to supporting more than 30 different currencies, it is one of the most successful UK-based payment gateways, allowing clients to purchase items and services from anywhere in the world.
6. Authorize.Net
With over 350,000 merchants utilizing Authorize.Net today, you can see its popularity and benefits for an online b2b eCommerce software solution like yours. Clients like Easy-breathe, Avasflowers, and All-Star Flags have benefited greatly from the integration of Authorize.Net. It works as a card swipe machine and doesn’t require any software to work. It has superior fraud detection and a range of value-added services to protect the business. It provides customized pricing, data transfer support, and interchange plus options for both buyers and sellers.
7. PayU
The PayU payment gateway connects merchant needs with customer shopping and payment habits. It supports mobile payments, recurring payments, express payments, tokenization, Web checkout, and alternative payments. Due to its flexibility and interoperability, it is employed by clients such as Koovs, Snapdeal, and Zomato. Net Banking (50+ banks) and UPI Payments are also supported by this payment gateway. You can register and submit papers online with no setup or annual costs.
8. 2Checkout
Its great features and over 200 unique fraud prevention rules make 2Checkout, the most reliable source of making payments. It serves over 40k merchants like Fashion Box Africa and many more. This payment gateway allows businesses to personalize the platform to their needs and integrates with over 100 online shopping carts and invoicing systems. The pricing system of 2Checkout varies from sector to sector and business types, which you may research at 2Checkout Pricing.
9. BlueSnap
BlueSnap’s features and functionalities like payment API, hosted solutions, payment processor, merchant account, virtual terminals, and third-party plugins help merchants increase conversion rates. BlueSnap is secure and has a fraud protection mechanism that dramatically lowers unauthorized payments. It offers an innovative subscription billing engine that generates correct invoices and supports payment types in multiple languages and currencies.
10. SecurionPay
SecurionPay is the most preferred online payment gateway across the globe for b2b businesses. It was developed to enhance conversion ratio with its simple, fast, and secure transaction process. Its updated anti-fraud protocols make it a highly adaptable and secure payment gateway for users. Moreover, with the help of payment gateway app development services, you can easily install SecurionPay for your B2B eCommerce business. It has no setup costs, monthly fixed fees, or any other surprises, as confirmed by SecurionPay Pricing. Also, AG and Hub are the two most reliable payment gateway software widely used by B2B businesses across the globe.
Wrapping Up
Payment gateways shouldn’t be a hindrance to starting an online store, therefore make the best choice for your store. However, the sheer number of online payment gateways might be overwhelming. Understanding the importance and features of the above-mentioned 10 of the finest payment gateways, you can pick one for your eCommerce store. And, if you are looking to integrate an efficient payment gateway for your online business, then just hire us for top-notch payment gateway app development services right away.
Ankit Patel is a Director of Sales & Marketing at XongoLab Technologies LLP and PeppyOcean, A leading mobile app development companies. In his free time, He likes to write articles about technology, marketing, business, web, and mobile. His articles featured on YourStory, E27, Datafloq, JaxEnter, TechTarget, eLearningAdobe, DesignWebKit, InstantShift, Business Magazine, SimpleProgrammer, and many more.
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