In their essence, payment gateways are specific eCommerce services dedicated to securing and processing credit/debit card transactions using the power of the Internet. Due to the huge popularity of these tools, small and large businesses are overwhelmed by promising solutions to choose from. Prior to doing so, however, they need to evaluate several factors and confirm the gateway is suitable for their business.
To make things at least a bit easier, we listed the best payment gateways featured in this category, and which we believe you should consider in 2019. Before trying out any of them, make sure it is available in your country, and check whether it requires a dedicated merchant account. The next thing to pay attention to (alongside the features you need) is pricing and transaction fees – if you run a small store with several transactions per month, you may get this service for free. Here are our top suggestions:
Heading our list is Stripe, a payment platform that accepts all major debit and credit cards from customers in every country, including Visa, Mastercard, and American Express.
Stripe gives you subsidiary support by simply setting up local Stripe accounts to take advantage of its local optimized acquiring that gets you maximized acceptance rates, the lowest costs, and no FX/cross-border fees for customers. New countries leverage the exact same API infrastructure and can be turned on with no incremental engineering work. For a closer look at its features, you can easily contact Stripe here and ask for a demo or free trial.
It enables your customers to check out faster with wallet payment methods that digitally store credit and debit cards. Wallets eliminate the need for customers to manually enter their card and billing information, offering a quick and convenient way to pay.
For mobile implementation, Stripe lets you use its native libraries to collect credit card information without sensitive PCI data ever hitting your servers. The libraries include a set of tools to help you accept all Stripe supported payment methods, from Alipay to iDEAL.
PayPal Payments Pro is one of the current leaders of our Payment Gateways category. This doesn’t come as a surprise, as PayPal is also the most popular payment processing technology available in almost every country in the world. With PayPal Payments Pro, users are charged with a flat rate of 2.90 percent along with a $0.30 per-transaction fee, but they can also subscribe for an all-inclusive monthly package priced at $35 per month.
Which are the things that make PayPal Pro better than its competitors? If you’re running an international retail business and wish to give customers a hassle-free checkout service and a functional virtual terminal, PayPal will make it happen. Whatever your business requirements are, PayPal Payments Pro offers you unmatched versatility by allowing you to configure the service the way your business demands. With a customized checkout, you are in control of providing unique, positive checkout experience for your shoppers. You can integrate layout and colors to match your company’s theme and brand. On top of that, PayPal Payments Pro works seamlessly with all the major shopping carts in the market right off the bat.
Once payment has been made and processed, you will be able to access it in a matter of minutes. Whether you want your funds to linger in your PayPal Payments Pro account or have it transferred to your bank is totally up to you. You should also have in mind that PayPal works with 25 different currencies, accepts Visa, Master, and American Express cards, and guarantees full and simplified PCI compliance.
Amazon Payments is another one of the best payment gateway systems designed to meet the needs of Amazon merchants and shoppers. Seamlessly integrated with the marketplace, the solution processes thousands of transactions per day and improves customers loyalty by simplifying their payments. What is more, Amazon Payments enables users to easily access their information from the merchant’s site, thus streamlining the purchasing process as they no longer have to enter their information such as name, shipping address, and credit card details among others. As expected from an Amazon product, security is not up to discussion.
Amazon Payments consist of two separate modules: Log In and Pay (for shoppers), and Pay With Amazon (for merchants). Log In and Pay is an instant payment service that eliminates the hassle of adding products to carts, and entering credit card details again and again. Pay With Amazon, on the other hand, enables merchants to accelerate and monitor checkout, and have a clear overview of loyalty and cart abandonment results. The tool can also be embedded on any merchant website.
Skrill is a prestigious and modern payment processing and money transfer service established in 2001. The core value of this system is simplicity, as it processes both email and cash transactions in over 30 currencies worldwide. With a modest transaction fee, each individual or business user can send and receive money in a secure and transparent way. In fact, Skill offers some of the best anti-fraud screening features to ensure no mishaps will threaten your data.
All it takes to use Skrill is to open an account with your email address and choose the desired payment method (completely free!). The same account can be accessed on mobile devices, for which this company provided dedicated mobile apps. The highlight of this system is that it allows you to apply for a prepaid Master card you can use to pay or withdraw money all around the world. This makes Skrill usable both for individuals and retail businesses, and an excellent addition to your POS apps that help complete payments in less than no time.
Braintree is another popular gateway developed to facilitate payment in eCommerce environments. It is currently used by merchants in 40 different countries and enabled to accept and split payments in over 130 currencies. For 3 years already, Braintree belongs to the PayPal family and guarantees just the same functionality and security as the rest of this productivity suite.
Why choosing Braintree? Our experts recommend this system to international businesses targeting payers in different geographies, but also to small e-stores looking to accelerate checkout. Users get to choose between several payment methods (PayPal included), but what really matters to them is that Braintree accounts in advance all foreign exchange and cross-border transaction fees. Another thing that makes Braintree a top choice for businesses is the open API architecture, thanks to which you can connect it to literally any app or system, and expand its functionality for operations other than payment processing.
PayU is a simple online payment service that doesn’t only facilitate transactions but also analyzes customers’ behavior to give merchants local expertise and valuable insights. PayU covers more than 250 payment methods, thanks to which customers can pay fast using their computer, tablet, smartphone, or e-wallet. Direct bank account transfers are also supported.
The platform operates in 16 states on 4 continents and currently serves more than 2 billion customers. Directly connected to local acquirers, PayU has one of the most powerful anti-fraud mechanisms, including high approval rates, efficient fraud management program, and online tokenization. It also provides a hosted checkout that allows users to quickly integrate and start receiving all local payment methods. There is also the one-click buy that allows consumers to purchase with a simple click, increasing conversion rates. Other features to consider are its open APIs, payment encryption, and Software Development Kits that help expand its functionality.
Authorize.Net’s payment gateway offers a variety of options available for its users so they can accept and process payments. Its online payment system accepts credit cards and electronic checks from websites and deposit funds automatically into your merchant bank account, saving time and money for small- to medium-sized businesses. For retail locations, users have the option to use either its Virtual Point of Sale (VPOS) solution or choose from dozens of pre-integrated, third-party POS systems.
The highlight of this system is its Customer Information Manager (CIM), thanks to which customers can store and secure their sensitive payment data on Authorize.Net’s secure servers, and ensure transactions are fully compliant with PCI DSS standards. Authorize.Net also offers an internal Fraud Detection Suite which identifies, manages, and prevents suspicious fraudulent transactions revealing at the same time what caused them.
BlueSnap represents an integrated global payment management and affiliate marketing service designed to help businesses fully manage all their payment processes. The same as Amazon.Net, this system offers a recognizable fraud detection mechanism known to minimize instances of fraudulent payments up to 80%. At the same time, BlueSnap is a global tool that offers businesses a Powered Buy Platform (a vast global network of acquiring banks), and a powerful subscription billing engine that generates accurate invoices and gathers subscribers from all around the world.
What is really specific about BlueSnap is that it takes care of payment processes via phone, as it offers a built-in virtual terminal in every console. On top of that, users can opt to deliver specialized emails to their clients detailing the products and services that intend to buy. They can place their payment details on their own, and complete the transaction on any device. BlueSnap also has one of the most powerful analytic suites in this industry, allowing merchants to study all facets of their conversions and performance, optimize order pages upon a detailed comparison, and generate real-time sales reports.
Rezku POS is an iPad-based point of sale system designed for restaurants, cafes, bars, and other similar businesses. Its applications go beyond that of what you expect of a cash register or credit card payment tablet-based solution. With Rezku POS system, restaurant owners and managers are at the top of their inventory, finances, accounting, staffing, and other business processes.
The software provides users with a rich feature set such as in-depth sales reporting, labor cost calculations based on real-time data, deep-data exports, and live dashboard infographics. Payments facilitated through the system are secure as Rezku POS is PCI DSS compliant. Sensitive information such as credit card data is all safe behind the tightest encryption protocols.
EBizCharge is worth a look if you’re looking to simplify your payment processing, save money on credit card processing costs, and integrate various powerful solutions to synchronize your customer transaction data. This robust platform features a suite of payment processing tools for a smooth workflow, all while guaranteeing PCI compliant payment security for peace of mind in each transaction.
With EBizCharge, you can accept payments from mobile devices and provide customers with convenience in making transactions thanks to the platform’s e-invoicing portal. As for reports, this solution allows you to obtain your entire customer transaction history for data-driven insights for improving both your sales and marketing efforts.
Payment Gateway systems are the digital equivalent of credit card processors found in digital stores, which makes them absolutely essential in online retail environments. There are many platforms of this kind available on the market, but what distinguishes the best among them is whether they ensure seamless and easy transactions, correspond to quality standards and policies, and secure sensitive data to prevent all types of financial frauds. The best course of action when choosing your top payment gateway program is to ensure it meets the needs of your business, and rely on experts’ suggestions listed after a careful scoring and comparison process.
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