Payment Gateways List: A Comprehensive Guide for Merchants and Businesses

As the world becomes increasingly digitized, more and more businesses are moving towards online payments. With the growing number of payment gateways available in the market, it can be difficult to choose the right one for your business. In this article, we will provide a comprehensive list of payment gateways, their features, and their fees, to help you make an informed decision.

Payment Gateways List: A Comprehensive Guide for Merchants and Businesses

What is a Payment Gateway?

Before we dive into the list of payment gateways, let’s first define what a payment gateway is. A payment gateway is a service that authorizes payments for e-commerce websites and other online businesses. It acts as a middleman between the merchant and the customer, processing the payment information securely and transmitting it to the acquiring bank for processing.

List of Payment Gateways

  1. PayPal PayPal is one of the most widely used payment gateways in the world. It is easy to use, offers buyer and seller protection, and is accepted in over 200 countries. PayPal offers both personal and business accounts, with fees ranging from 2.9% + $0.30 per transaction to 3.5% + fixed fee, depending on the country.
  2. Stripe Stripe is a popular payment gateway that offers a suite of developer tools for businesses. It is known for its ease of use, security, and flexibility. Stripe charges a flat rate of 2.9% + $0.30 per transaction, with no monthly fees or setup costs.
  3. Authorize.net Authorize.net is a payment gateway that offers a wide range of features, including fraud detection, recurring payments, and a virtual terminal. It charges a setup fee of $49 and a monthly fee of $25, with transaction fees ranging from 2.9% + $0.30 to 2.2% + $0.30 per transaction, depending on the plan.
  4. Square Square is a payment gateway that offers a variety of features, including in-person and online payments, invoicing, and analytics. It charges a flat rate of 2.9% + $0.30 per transaction for online payments, with no monthly fees or setup costs.
  5. 2Checkout 2Checkout is a payment gateway that offers a wide range of features, including global payments, fraud detection, and recurring billing. It charges a transaction fee of 3.5% + $0.35 per transaction, with no setup or monthly fees.
  6. Braintree Braintree is a payment gateway that is owned by PayPal. It offers a suite of developer tools, including customizable checkout options and fraud detection. Braintree charges a flat rate of 2.9% + $0.30 per transaction, with no monthly fees or setup costs.
  7. Worldpay Worldpay is a payment gateway that offers a range of features, including global payments, fraud detection, and recurring billing. It charges a setup fee of $299 and a monthly fee of $25, with transaction fees ranging from 2.9% + $0.30 to 2.2% + $0.30 per transaction, depending on the plan.
  8. BlueSnap BlueSnap is a payment gateway that offers a suite of features, including global payments, fraud detection, and customizable checkout options. It charges a transaction fee of 2.9% + $0.30 per transaction, with no setup or monthly fees.
  9. Payoneer Payoneer is a payment gateway that offers a range of features, including global payments, invoicing, and a virtual account. It charges a transaction fee of 3% to 5% per transaction, depending on the country, with

List of Payment Gateways (cont.)

  1. Adyen Adyen is a payment gateway that specializes in global payments, offering over 250 payment methods in over 150 currencies. It also offers fraud detection and customizable checkout options. Adyen charges a transaction fee of 3.95% + €0.25 per transaction, with no setup or monthly fees.
  2. PayU PayU is a payment gateway that offers a variety of payment options, including credit and debit cards, digital wallets, and bank transfers. It also offers fraud detection and recurring payments. PayU charges a transaction fee of 2.99% + ₹3 per transaction, with no setup or monthly fees.
  3. Skrill Skrill is a payment gateway that offers a range of features, including global payments, digital wallets, and prepaid cards. It charges a transaction fee of 2.9% + €0.25 per transaction, with no setup or monthly fees.
  4. WePay WePay is a payment gateway that specializes in payment processing for platforms and marketplaces. It offers features such as custom onboarding and risk management. WePay charges a transaction fee of 2.9% + $0.30 per transaction, with no setup or monthly fees.
  5. Payline Payline is a payment gateway that offers a variety of features, including global payments, recurring billing, and a virtual terminal. It charges a monthly fee of $20 and a transaction fee of 2.75% + $0.20 per transaction.
  6. BluePay BluePay is a payment gateway that offers a range of features, including global payments, recurring billing, and a virtual terminal. It charges a setup fee of $0 and a transaction fee of 2.6% + $0.10 per transaction.

Factors to Consider When Choosing a Payment Gateway

When choosing a payment gateway, there are several factors to consider, including:

  1. Security: Make sure the payment gateway is PCI compliant and uses encryption to protect sensitive data.
  2. Fees: Look for a payment gateway with transparent and reasonable fees that fit within your budget.
  3. Features: Consider the features you need, such as fraud detection, recurring payments, and a virtual terminal.
  4. Integration: Make sure the payment gateway integrates with your e-commerce platform or website.
  5. Customer Support: Look for a payment gateway with reliable and accessible customer support.

Conclusion

Choosing the right payment gateway is an important decision for any business. With this comprehensive list of payment gateways, their features, and their fees, you can make an informed decision and find the best payment gateway for your business. Keep in mind the factors to consider when choosing a payment gateway, such as security, fees, features, integration, and customer support. With the right payment gateway, you can offer your customers a convenient and secure way to make payments, while also streamlining your business operations.

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Payment Gateway Comparison Chart

To make it easier to compare the payment gateways listed in this article, we’ve compiled a chart that includes their fees, features, and supported countries:

Payment GatewayFeesFeaturesSupported Countries
PayPal2.9% + $0.30 per transactionFraud detection, recurring payments, virtual terminal200+
Stripe2.9% + $0.30 per transactionFraud detection, recurring payments, virtual terminal42
Authorize.net$25 monthly + 2.9% + $0.30 per transactionFraud detection, recurring payments, virtual terminalUSA, Canada, UK
Square2.9% + $0.30 per transactionFraud detection, recurring payments, virtual terminalUSA, Canada, Japan, Australia, UK
2Checkout3.5% + $0.35 per transactionFraud detection, recurring payments, virtual terminal200+
Braintree2.9% + $0.30 per transactionFraud detection, recurring payments, virtual terminal45
WorldpayCustom pricingFraud detection, recurring payments, virtual terminal146
BlueSnapCustom pricingFraud detection, recurring payments, virtual terminal180+
Payoneer3% + $1 per transactionGlobal payments, digital wallet, prepaid card200+
Adyen3.95% + €0.25 per transactionFraud detection, customizable checkout150+
PayU2.99% + ₹3 per transactionFraud detection, recurring paymentsIndia
Skrill2.9% + €0.25 per transactionGlobal payments, digital wallet, prepaid card200+
WePay2.9% + $0.30 per transactionCustom onboarding, risk managementUSA, Canada
Payline$20 monthly + 2.75% + $0.20 per transactionGlobal payments, recurring billing, virtual terminalUSA
BluePay$0 setup + 2.6% + $0.10 per transactionGlobal payments, recurring billing, virtual terminalUSA

How Payment Gateways Work

When a customer makes a payment through a website or e-commerce platform, the payment gateway is responsible for processing the transaction. Here’s a brief overview of how payment gateways work:

  1. The customer enters their payment information on the website or e-commerce platform.
  2. The website or e-commerce platform sends the payment information to the payment gateway.
  3. The payment gateway encrypts the payment information and sends it to the payment processor.
  4. The payment processor verifies the payment information with the customer’s bank or credit card company. 5. The payment processor sends a response back to the payment gateway, indicating whether the payment was approved or declined.
  1. The payment gateway relays the response to the website or e-commerce platform.
  2. If the payment was approved, the website or e-commerce platform fulfills the order and the funds are transferred to the merchant’s account.

Features to Look for in a Payment Gateway

When choosing a payment gateway, there are several features to consider to ensure it meets your business needs. Here are some key features to look for:

  1. Fraud detection: A good payment gateway should have fraud detection measures in place to protect both the customer and the merchant.
  2. Recurring payments: If you offer subscriptions or recurring billing, look for a payment gateway that supports this feature.
  3. Virtual terminal: A virtual terminal allows you to manually process payments over the phone or in-person, which can be useful for certain types of businesses.
  4. Global payments: If you do business internationally, look for a payment gateway that supports payments in multiple currencies and countries.
  5. Customizable checkout: Some payment gateways allow you to customize the checkout process to match your branding and improve the user experience.
  6. Digital wallet: Some payment gateways offer a digital wallet feature, which allows customers to save their payment information for faster checkout in the future.
  7. Prepaid card: Some payment gateways offer a prepaid card that can be used for business expenses, making it easier to track and manage finances.

Payment Gateway vs Processor: What’s the Difference?

While payment gateways and processors are often used interchangeably, they actually serve different functions in the payment process.

A payment gateway is a service that securely transmits payment information from the customer to the payment processor. It acts as a middleman between the customer, the merchant, and the payment processor.

A payment processor, on the other hand, is responsible for actually processing the payment and transferring the funds from the customer’s account to the merchant’s account.

Conclusion

Choosing the right payment gateway is an important decision for any e-commerce business. By considering the features, fees, and supported countries of various payment gateways, you can find the one that best meets your needs.

Remember to prioritize security and fraud protection, as well as any specific features your business may require, such as recurring payments or global payments.

With the right payment gateway in place, you can provide a seamless and secure checkout experience for your customers, helping to increase sales and grow your business.

NOTE:

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