Top 10 Best Payment Gateways

Dr. Ankit Sharma, PhD

Updated on:

Best Payment Gateways

In this era of digital and online payments, we must rely on payment gateways to do the transaction smoothly. A payment gateway maintains the payments network rolling smoothly, as it helps online payments for consumers & businesses. You don’t need to be a payment gateway expert if you are an online businessman. Still, it’s good to understand the basics of how an online payment flows from your customer to your bank account and choose one of the Best Payment Gateways accordingly.

Benefits of Payment Gateway

Employing a digital platform to accept payments online can improve the overall performance of your business. Here are some benefits of implementing a payment gateway:

i) Easy Checkout: The quick and seamless checkout experience is a must from a customer’s point of view. A payment gateway helps with these features & makes online shopping as easy as possible.

ii) Impulse Purchase: It has been noticed that more than 40% of customers cancel their purchase if the checkout/payment method is tiresome or complex.

According to a study, it is observed that impulse purchase is responsible for 40% of all online purchases, so being offered an easy payment option will increase sales.

iii) Faster & Secure Transactions: The prime advantage of having a payment gateway is the security & speed it provides to your payment processing environment. The best payment gateways can help you to receive payments faster than you usually do.

This means you can offer a better shopping experience to your customers & standardize your cash flow without any hassle. Since the process of approving payments takes some seconds, both merchants and customers don’t need to wait for a long time to complete the transaction.

iv) Nominal Set-Up Costs: Some people think that setting up an online payment gateway is a very costly business that can only be afforded by large companies and enterprises. That’s not true. Although payment gateways impose some amount of transaction charges & chargeback fees, they are all worth it.

Also, the initial set-up cost of most reputed payment gateways is quite affordable. It doesn’t matter if you are managing a small business or just starting a start-up; you can set up your payment gateway at a nominal cost.

Best Online Payment Gateways

1. PayPal

Best Payment Gateways

Paypal is an eCommerce payments stage designed to help people and companies to send & receive payments without providing additional financial information. It is one of the top-rated payment gateways that lets users directly send or receive payments across the globe with just an email address.

It is easy to buy or sell using only your mobile phone on any merchant website or app. Paypal works in 203 countries & it supports extensively used credit or debit cards like Visa, Mastercard, Citibank, American Express, etc. Some of their features include:

  • PCI compliance.
  • Express checkout.
  • Inventory tracking.
  • Shopping cart.
  • Virtual terminal.
  • Credit card reader.
  • Barcode scanning.
  • Online invoicing.
  • Bill me later.

2. Amazon Pay

Amazon Pay is a payment gateway created for Amazon merchants & shoppers. It is an easy, fast & secure payment solution that helps people in many countries.

Amazon payments come with two different bundles, log in & pay for shoppers and pay with Amazon for merchants. This payment gateway is crafted to offer a smooth shopping experience for both online retailers & sellers.

Amazon Pay comes with great features that attract customers & persuade them to shop more, make their shopping procedure streamlined, and improve customer engagement & loyalty using saved payment details for faster checkouts. Some of their features are:

  • Automatic payments.
  • Customer identity.
  • Fraud protection.
  • Merchant website incorporation.
  • Inline checkout.

3. SecurionPay

SecurionPay is a payment gateway that offers secure online and mobile payment solutions that support many operating systems like Windows, Mac, Linux, Android & iOS. It is one of the best platforms that offer a one-stop solution for companies that need online payments and offer paid subscriptions.

It’s a standalone payment gateway solution that presents fast & secure incorporation to your business environment, like embedded payment forms; an advanced checkout feature lets immediate payment processing increase conversion rate.

It offers flexible API so that you can amalgamate your business environment with it & control it from your side. Some of their features include:

  • PCI level 1 and tokenization.
  • Anti-fraud tools.
  • One-Click payments.
  • Blacklisting.
  • Subscription plan manager.
  • Quick-Buy for eCommerce.
  • Cross-sales.

4. Skrill

Best Payment Gateways

It is one of the famous payment gateways around the world. Skrill recognizes modern payment demands when it comes to payment processing & money transferring. It started in 2001. It has many top companies as their customers using their pioneering solutions in their businesses.

This is one of the successful UK-based payment gateways that allows over 30 different currencies, which allows customers to purchase products & services worldwide. Some of their features are:

  • Email transactions.
  • Quick Access.
  • One place data.
  • Supports 30 currencies.
  • Credit card transactions.

5. Stripe

Stripe is a cloud-based payment gateway platform that enables you to accept & manage online transactions anywhere in the world. It provides solutions to process online payments and also offers features like a custom UI toolkit, embeddable checkout, consolidated reports & many more.

Stripe is an excellent payment gateway that guarantees smooth transactions in your business while connecting with the application interface that helps you to prevent fraud with perfect security, manage revenue & conduct sales globally. Some of their features are:

  • Mobile customer interface.
  • Open-source plugin.
  • Multi-currency payouts.
  • Embeddable checkout.
  • Custom UI toolkit.
  • Financial reporting.
  • Consolidated reports.
  • Unified payout.

6. Authorize.Net

Authorize.Net is a worldwide payment gateway that offers vital infrastructure & security to ensure smooth, fast, and secure transfer of payments. It takes care of routing transactions in an online setting, without any software installation, like the card swiping machine.

This helps to accept payments securely, offers a streamlined experience, and enables scaling & number of other value-added features. It has a merchant base of over 370,000 globally. It is a fully integrated electronic check payment system that accepts & routes payments from other bank accounts through the user’s website or ‘Authorize.Net’ virtual terminal. Some of their features include:

  • E-check processing.
  • Recurring billing.
  • Customer information manager.
  • Advanced fraud detection Suite.
  • Virtual terminal and batch upload.
  • Advanced fraud detection Suite.

7. 2Checkout

It is a famous global payment gateway that enables businesses to accept online payments from buyers worldwide. It offers many features and localized payment choices that help both merchants & customers to make the payment procedure streamlined.

2Checkout is a US-based payment gateway that supports various payment methods & transactions globally. It is famous for being secure and reliable. Some of their features are:

  • Level 1 PCI data security standard.
  • Create customized subscription plans.
  • Support 87 currencies & 15 languages.
  • Recurring billing.
  • Account updater.
  • Customized checkout options.

8. Braintree

Braintree is another payment gateway that is a part of the PayPal network. This is crafted to make the payment process effortless. It offers commerce tools to build worldwide businesses, accept payments & facilitate commerce for their users.

It offers tools and features that enable companies to scale their businesses globally. Braintree supports 130 currencies & enjoys the advantage of faster & secure transactions. Their UI (User Interface) supports multiple cards or even PayPal transactions. Some of their features include:

  • Drop-in UI.
  • Supports 130 currencies.
  • 24×7 Customer support.
  • Customized checkout workflow.
  • Easy data migration.
  • Guaranteed uptime.
  • Advanced fraud protection.
  • Encryption.

9. Payza

Payza is a very handy, fast, and secure payment gateway solution for businesses & customers to accept and send money worldwide. There are various account types for different customers, like personal & business accounts with higher and complex requirements.

Payza payment gateway operates in 190 countries & supports 22 different currencies. Some of their features are:

  • Centralized management.
  • Supports 22 currencies.
  • Operates in 190 countries.
  • Local payment options.
  • Payment buttons.
  • Shopping cart Integration.

10. BlueSnap

BlueSnap is the global payment gateway crafted to help businesses to accept payments effortlessly. This gateway helps businesses to scale globally & receive payments from local to international customers.

This platform is highly secure & enforces a fraud prevention system to minimize risks. It has a network of more than thirty acquiring banks; this guarantees customer trust, increases conversion rate & develops revenues.

It operates in 180 countries & connects automatically with banks worldwide. BlueSnap supports 110 different payment methods, 100 currencies, and 29 different languages. Some of their features are:

  • Intelligent payment routing.
  • Easy data migration.
  • Multi-currency payouts & reporting.
  • Payment API.
  • Payment tokenization.
  • 3-D Secure and PSD2 compliance.
  • Cross-channel payments.
  • Virtual terminal.

Conclusion

Providing credit or debit card details over the web has merged into our everyday routine today to the extent that people do not think twice before doing so. But this trust has not been earned overnight.

The need to have utilities displayed & advertised online gradually came up, which resulted in a request to have them delivered to you. The root of the e-commerce evolution is the capability to transact over the internet without worrying about being defrauded or robbed of your details.

Credit for this e-commerce evolution goes to the payment gateway providers. There are many Best Payment Gateways to boost your business. Choose according to your requirements.

Leave a Comment