E-Commerce Payment Gateway or simply payment methods are the interface to your web-store that specify a secure online monetary transaction on your website. You cannot have a successful eCommerce website without payment gateways unless Cash on Delivery (COD) is a dearly popular payment method in your niche. Since COD has its disadvantages for the merchants, payment through debit cards, credits cards, online banking, or wallets have become more popular these days. Out of them, Payment through debit and credit cards is the most convenient method that customers chose these days. These payments are well regulated by the payment gateways. Therefore, in this article, I am going to enlist the top payment gateways and services that are being used by most of the eCommerce stores today. Irrespective of the which option you choose, all these options are going to give a great service and compatibility to your web-store.
It’s one of the oldest payment gateways being used today. No doubt an experience of more than 20 years is always going to be beneficial for your business. It offers the support for all the major online payment interfaces like Visa, MasterCard, Discover and lot more. Moreover, it does not ask you for SSL certificates to use the Payment Gateway. Authorize.Net is believed by experts to be one of the best Payment options for Magento, PrestaShop, Open-cart, and osCommerce based online stores. According to Authorize.net’s quote on its website, pricing includes a $49 setup fee, a $25 monthly gateway fee, and a 2.9% plus $0.30 per-transaction fee.
PayPal is one of the most popular, secure, and reliable payment gateways. It is used by the brands across the globe. It is not just popular among the merchants but also the customers due to its purchase protection nature. Buyers can use this payment option without paying any extra cost or fee. Not just the eCommerce websites but it can also be found in various mobile apps as well. Due to its credit card rewards and flexible payment such as PayPal Credit, it is quite popular among the shoppers across the globe. Moreover, the short and seamless checkout process makes it really convenient for the users.
Most important part is its pricing for the merchants. The merchants will have to pay a per transaction fee of 3.4%+$0.30 only. There is no other cost associated, not even for setup, or any monthly payment gateway fee. The Payment option is compatible with a number of eCommerce platforms and allows various developers to use it API to develop custom PayPal payment solutions. The PayPal Direct Payment for PrestaShop is one such module, that allows your customers to pay using their debit or credit cards and you will receive their payments in your PayPal account. It makes the payment easy for all the non-PayPal users on your store.
Stripe is comparatively newer than the above two options, but it is not less than any of them in terms of providing the best payment options. It is a multi-platform payment Gateway used by many types of websites and apps such as web-stores, online marketplaces, crowdfunding and much more. Because of its extremely secure and flexible APIs, it can be used with various eCommerce platforms like PrestaShop, Magento, and OpenCart. There are custom solutions available as modules and extensions for each platform.
A simple installation and one-time configuration make it ready to be used. It supports all the popular payment options like Visa, MasterCard, Discover, American Express, and a lot more. Stripe takes a simple approach. They charge a flat fee of 2.9% + 30¢ per successful transaction as long as it accounts under $1 million in volume per year. The rate may vary from country to country, but it’s always flat.It charges no setup fee or any subscription fee.
Securepay has been there for more than 15 years already. It is one of the top used payment gateways by the businesses and organizations of all sizes. It offers a deemed range of secure payment solutions such as Mobile Payments, Third-Party Shopping Cart compatibility, Customer information vault, and much more. Securepay payments provide the multiple choices such as Visa, MasterCard, American Express, Dinner’s club International, and Even PayPal. The straight forward and quick checkout process is one of its plus points.
Furthermore, it also offers easy and well integrated with all the major eCommerce platforms like PrestaShop, Magento, and OpenCart. Also, it is easily compatible with most of the checkout page solutions like PrestaShop one page checkout module.
2Checkout is a very old player in the market and has been providing its services for more than 15 years now. It offers the services in more than 190 countries. It accepts the payments in the form of credit cards, PayPal, and debit cards as well. Because of its high flexibility, it can be integrated with various shopping cart solutions like OpenCart, PrestaShop, and Magento. Modules and extensions are easily available that allow easy integration with the eCommerce stores. The pricing structure is clearly simple and requires you to pay only 2.9%+30¢ per transaction. There are no more hidden, setup, or monthly costs associated.
There are some of the most popular payment gateways and services that you can use on your eCommerce store to provide your customers with best payment experience. All these solutions are easily compatible with the popular eCommerce solutions and there are various official and third party solutions available in the form of modules and extensions.