Best Payment Gateways Reviewed and Compared

Best Payment Gateways Reviewed and Compared 1

Do you want to know what are the best payment gateways? Whether you are a large or small-scale business, you need to be sensitive to the types of payment gateways you settle for if you wish to attract and retain customers. This is because modern consumers want payment processors to support various eCommerce platforms like WooCommerce, BigCommerce, Shopify, et cetera.

Therefore, you need to be cognizant of things you ought to consider when selecting a payment gateway as well as some of the reliable payment processors in the digital market.

Factors to consider when selecting the best payment gateway

Is the payment gateway supported on your eCommerce platform?

Which eCommerce platform are you going to be using? Something SaaS-based like Shopify or BigCommerce, perhaps? Or a self-hosted platform like WooCommerce or Magento? Whichever platform you’ve chosen, there will be a range of off-the-shelf plugins or extensions to help you integrate with major payment gateways.

Where possible, choose a payment gateway that already has a plugin for your platform.

Do you want customers to enter their payment details directly on your site?

From a technical point of view, there are three ways for you to take payment details from a customer.

Payment form on your site, details posted to your server

The smoothest checkout experience for customers is usually for them to enter their payment details into a normal form on your site. Situs Freelancer Indonesia Unfortunately, this is the least secure way of doing things so you’ll need to take very serious security precautions to remain PCI compliant. Unless you’re turning over millions per year, this probably won’t be cost-effective.

iFrame or redirect

An alternative to taking payment details directly through your site is to include putting the checkout form in a secure iFrame (within a page on your site) or redirecting customers to a hosted payment page. It’s harder to get the payment form to match the rest of your website with these approaches, but they’re also the most secure way of doing things.

Payment form on your site, details sent straight from browser to secure payment gateway (not via your server)

Lastly, a middle-ground solution is to use a solution such as the Stripe payment gateway’s Stripe.js. With Stripe.js, your customers type their card details into a form on a page served from your site, Marketplace Digital Indonesia but the Stripe.js code communicates directly with the Stripe server. The customer’s card details never pass through your web server. Your security responsibilities will be less than with a normal form, but much more involved than with an iFrame or redirect.

Make sure you understand the version 3.0 PCI data security standards effective from 1st January 2015 which give more details about the different categories and what merchants using each of these checkout methods need to do to be PCI compliant.

Do you want the best payment gateways and merchant account or an all-in-one payment service provider?

Some payment providers such as SagePay or PayPoint offer just a payment gateway (the bit of technology that sits between your website and the payment networks). They require you to have your own merchant account (the special bank account that the money passes into — different from your regular business bank account).

Other payment providers such as PayPal and Stripe offer a combined payment gateway and a merchant account (effectively you’re using their merchant account.)

Getting an account with one of the combined providers tends to be easier than getting a merchant account, and tends to involve fewer setup and monthly fees. Situs Pembanding Harga Tiket The per-transaction fees tend to be higher, however. For these reasons, small merchants may want to start with a combined payment provider. Larger merchants can typically save money by having their own merchant account.

Do you want to offer PayPal?

You don’t necessarily need to limit yourself to one payment gateway. Lots of eCommerce platforms allow you to offer multiple payment options to your customers. The most popular ‘secondary’ option to offer is PayPal. Lots of consumers have PayPal accounts, and many of them prefer to pay by PayPal rather than enter credit card details into yet another website.

Even if you don’t use PayPal as your main payment gateway, consider offering PayPal as an alternative way for customers to pay. Aplikasi Hotel Murah It can also be a good backup in case of any problems with your primary payment gateway or merchant account.

What are the fees?

Payment gateways and merchant accounts charge various different fees that can include monthly fees, fixed fees per transaction, variable fees based on a percentage of transaction amounts, and extra fees for things like chargebacks, payments from international cards, and more.

You can use a comparison website such as PaymentBrain to get an overview of fees and ask to see a full schedule of charges before signing with a provider.

How long is the contract?

Historically, some payment providers have been known to lock merchants into lengthy contracts of two years or more. This can be a problem if you find you’re not happy with the provider for some reason after signing. Other providers are happy to have merchants using them on a monthly rolling contract. Make sure you understand which sort you’re signing up to.

Does the provider have a good reputation?

Payment processing is critical to your business, so you’ll want to work with a provider who has a good reputation in the industry. Some payment providers have had problems with outages. Others have a reputation in some circles for blocking merchants’ money without due cause. If you haven’t heard of a particular payment provider before, be a little extra careful before signing up with them.

Does the payment gateway do what you need?

Do you need to do more than just make one-off payments for goods or services that you are providing? Perhaps you’re looking to take recurring payments from your customers? Perhaps you want to act as a marketplace, taking payments on behalf of sellers who are listing on your site? Most payment gateways are quite limited in the functionality they provide, so make sure the payment gateway you’re considering has the features you need.

Most payment gateways are quite limited in the functionality they provide, so make sure the payment gateway you’re considering has the features you need.

Does the payment gateway support the payment methods your target market uses?

There is a huge number of online payment methods in use around the world, from the well-known and well-established Visa and MasterCard to very niche payment methods used in just one or two countries. Each payment gateway supports some of these payment methods. Make sure you understand which payment methods people in your target market like to use and choose a payment gateway with support for those methods. If your website doesn’t accept your customer’s preferred payment method, you will lose sales.

Make sure you understand which payment methods people in your target market like to use and choose a payment gateway with support for those methods. If your website doesn’t accept your customer’s preferred payment method, you will lose sales.

Are you in a ‘high-risk’ business?

Some businesses are considered by payment providers to be ‘high-risk’. This is generally because of the sector they operate in.

Some high-risk sectors include:

  • gambling
  • adult content
  • travel
  • tobacco
  • debt collection
  • e-books
  • electronic cigarettes
  • diet programmes
  • credit repair

If your business is in one of these sectors, you may find many payment providers don’t want to work with you. In such cases, you’ll need to work with a provider that specializes in so-called ‘high-risk’ payment processing.

Payment Gateways

Modern consumers have grown more and more informed than ever before, and the best payment gateway is never an option for them when assessing purchasing options. As a result, the more robust and convenient a payment gateway offered to them is, the more likely they’ll go with it.

Businesses today, offline or online, have to exhibit creativity and innovativeness by providing digital payment options for their clients, not to mention the use of credit cards. These emerging payment options are crucial for the growth of any business. A secure and reliable digital wallet will increase your customers’ confidence in your payment system, and they’ll love purchasing from you.

Here are some of the best modern payment gateways in the digital market:


This digital wallet is a robust and powerful option for online businesses. PayPal is one of the most famous and versatile payment gateways. PayPal offers competitive rates compared with other payment processors. The following are some of the awesome features of PayPal:

Payment type

As mentioned, PayPal has been branded as the most recognized digital wallet globally. For what reasons? It’s versatile enough to allow its customers to use other payment gateways. Use PayPal as your primary payment gateway and see your lead conversion rate increase by 44%.

Ease of setup and use

Furthermore, the process of setting up PayPal as your payment processor is pretty simple and straightforward. Users can also create their accounts without much stress. They just have to hit a “Pay by PayPal” option to get started.


PayPal Payments Pro is its advanced payment feature that allows users to receive payments from credit card companies like Mastercard, American Express, Visa, Discover, PayPal Credit, et cetera. PayPal also integrates with Squarespace, WooCommerce, Shopify, to mention a few.


Use of PayPal comes with an associated fixed monthly charge of $30. Moreover, every transaction conducted includes a variable charge of 2.9% and a fixed charge of $0.30.


Best Payment Gateways

Authorize.Net processes a substantial amount of transactions every month and more than one billion annually. Any client or merchant from anywhere in the world can use Authorize.Net to accept payments. Therefore, this is a great choice both for existing and new users. The following are some features of Authorize.Net:

Ease of setup and use

Just like PayPal, Authorise.Net is easy to set up and straightforward to use.


Authorize.Net’s successful integration with other payment processors allows its clients to accept transactions from debit cards, digital payments, and other global payments.

Payment types

As mentioned, Authorise.Net accepts a slew of other payment types, including PayPal and electronic checks.

Fraud detection capability

Authorize.Net is a complex and robust payment gateway that has filters for sensing any dubious or suspicious activities on users’ account. This has greatly enhanced the safety of user accounts.

Virtual POS

Moreover, this payment processor has a Point of Sale system on virtual servers that make it versatile and applicable across various businesses.


Setting up of Authorize.Net account is absolutely free. However, this payment gateway charges a fixed monthly fee of $25 and a fixed fee per transaction of $0.10. On the other hand, the All-In-One option has a fixed monthly charge of $25, a variable per-transaction charge of 2.9% plus a fixed charge of $0.30.


Best Payment Gateways

Stripe was founded in 2011. It excels in the development and technological advancement. One of Stripe’s greatest strengths is its capability to offer tailor-made payments options at affordable rates. Furthermore, it can be used with businesses of all sizes and payment needs because of its ability to be customized. So, what are some of Stripe’s features?


eCommerce platforms, like BigCommerce, Shopify, Wix, have successfully been integrated with Stripe.


This payment gateway supports more than a hundred global currencies and other payment systems that are just a click away. Stripe is also able to track all payments accepted and report them accordingly. Moreover, Stripe’s customer services are offered 24/7. Users can get help online, via chat, phone, or email.

Virtual POS

Like Authorize.Net, Stripe does have a virtual Point of Sale system that enables customers to enjoy both offline and online transactions. Most importantly, its benefits can be harnesses both on mobile phones and computers.


Stripe does not charge any fixed monthly fee to its users. Unlike many payment gateways, Stripe users have the advantage of getting customized pricing solutions. Stripe charges a variable, fixed cost of 2.9% per transaction and a fixed cost of $0.30.


Best Payment Gateways

Square is a perfect option for small-scale businesses that have physical stores. Square’s greatest strengths are its ability to be utilized across various smart devices. It’s a cost-effective payment gateway that doesn’t need installation of expensive and bulky POS system. Some of the features of Square include:

No setup required

Use of Square requires no setup, thus no setup cost, yet it allows both online and in-person transactions. However, setup is very easy where necessary. In such cases, Square users only need to download Square on their smartphones and use them for payments.


Square’s integration with other payment processors allows accepting payments from credit card companies, Google Pay, Apple Pay, et cetera. Unfortunately, the integration is limited and doesn’t support PayPal or electronic check payments.


First of all, Square’s Point of Sale app is absolutely free. Secondly, for eCommerce or in-person payments, Square charges a variable cost of 2.6% per transaction and a fixed charge of $0.10.

The bottom line

In conclusion, as modern customers grow more informed and sensitive to payment systems, so do businesses need to consider versatile and robust payment gateways; otherwise, they’ll lose customers. That being said, you need to assess the key features of every payment processor before you can settle on one that suits your specific needs as well as your client needs.

Lastly, PayPal, Authorise.Net, Stripe, and Square are some of the best payment gateways in the digital market, just to mention a few.