60 Of The Most Reliable Payment Gateways for eCommerce
An eCommerce Payment Gateway is simply a method of paying or making a transaction for a product, service, or subscription online with your credit or debit card. The Payment Gateway will debit the amount from your customer’s credit or debit card,, process the payment, and then transfer that amount to the merchant’s account. Payment Gateways make their money by charging a transaction fee to do this. PayPal has become the most commonly used payment gateway for eCommerce stores and is accepted in more than 203 countries. Below is an extensive list of the many other Payment Gateway options available, no matter where you are in the world.
ECOMMERCE EYE TOP 4 PICKS
Square
Square allows merchants to process payments with Square Payments and can be taken over the counter or on the go. Square’s transaction fee is 1.75% per transaction. With Square you can accept all major cards and get deposits the next business day. They also offer chargeback protection, fraud detection, account takeover protection, which gives merchants and customers that additional peace of mind. It’s free to sign up and fast to set up with no long-term commitments or monthly fees
PayPal
PayPal, is possibly the most famous and widely used Payment Gateway in the world. It was started by Elon Musk, and then acquired by eBay in 2002. It’s a digital payments platform that allows PayPal’s 325 million active account holders to connect and transact, online, on a mobile device, in an app, or in person. PayPal offers a wide range of choices when sending payments, paying, or getting paid and is available in 56 different currencies and more than 200 markets globally.
Stripe
Stripe is a company that provides the software required to accept payments and manage their businesses online. Much of their success has been based on removing the barriers to eCommerce and helping new businesses get started, grow seamlessly, and trade locally or globally. Millions of companies in over 120 countries use Stripe to start, run, and scale their businesses. Google, Amazon, Shopify, and Booking.com are just some of the companies that use Stripe as a payment gateway.
Payoneer
Payoneer’s cross-border payments platform enables millions of businesses and professionals from more than 200 countries to accept payments. Payoneer has fast, flexible, secure, and low-cost solutions, marketplaces, networks, that allow businesses and professionals to pay and get paid globally, as easily as they do locally. Payoneer currently has over 5 million customers worldwide and more than 35 languages are supported on their payment platform.
… More Payment Gateways
10 Of The Best B2B Payments Solutions
Interesting fact… in 2020 in the USA, almost half of all B2B (Business To Business) payments were still done by depositing paper checks. There are also other B2B payment options such as wire transfers, cash or credit cards, but as we know these methods of payment can often be very inconvenient. Thankfully in 2021, there are many other B2B payment options available that won’t cost you a fortune, are safe to use, and save a lot of time. Below are some of the best ones you should consider for your online business.
15 Of The Best Buy Now, Pay Later Apps for eCommerce
The Buy Now, Pay Later payment method has witnessed phenomenal growth in the last 3 years. Put simply, it allows the consumer to pay for a product in installments instead of in full, upfront. Unlike a credit card, the payments are fixed and usually, there are no fees and no customer credit checks are required. One of the many advantages is that the merchant gets paid immediately, therefore eliminating any risk. On the other hand, because of increased conversion rates with Buy Now, Pay Later, typical payment processing fees charged to merchants are higher (6.5% versus 2.9% for example). Below is a list of the most popular Buy Now Pay Later apps, but please check first if the app you choose is available in your country.
- PayPal Pay in 4
- Splitit
- Clearpay (UK)
- Zip Pay (Aus, NZ, UK)
6 Of The Best Woocommerce Payment Gateways
As time goes by it’s becoming easier and easier to implement a payment gateway for your customers to purchase your products or services online. For example, one of PayPal’s payment options allows your customers to checkout without even leaving your online store. The eCommerce plugin for WordPress, Woocommerce, is no exception to this. Below are some of the best payment gateways for Woocommerce.
Affiliate Disclaimer: Ecommerce Eye contains Affiliate Links for certain products or services, for which I would also receive a commission if you purchase it using the link provided. This does not mean that you pay extra for the product. Affiliate links are necessary to ensure the free content on this website.