Top 10 Payment Gateways (2024)

FAQs

What is the No 1 payment gateway? ›

PayPal: PayPal is one of the popular payment gateways for overseas money transfer. It can process transactions in over 100 currencies. This application allows you to process both debit card as well as credit card transactions.

Some of the key protections discussed include advanced encryption techniques that shield sensitive information during transmission. This involves strong user authentication, PCI DSS compliance, SET-Secure electronic transactions, data encryption, and regular penetration testing.

PayPal is undoubtedly one of the best payment gateways in USA. It was established in 1998 as Cofinity and has more than 360 million active users across the globe. PayPal is a global online payment solution that allows users to make payments and money transfers digitally.

Your payment gateway should be able to integrate with your shopping cart, accounting software and any other software you use for your business. This will allow you to automate your accounting and save time. You should also consider whether the payment gateway offers any customisation options.

Cards are still the most-used payment method, with American Express, Mastercard, Visa as large global card schemes. Even though they're recognized globally, other payment methods like online banking, direct debit, digital wallets, or Buy Now Pay Later (BNPL) are more common elsewhere.

Service fees and other additional costs

While implementing online payment gateways, some services may demand setup costs or even processing fees for customers using those facilities. Setting up online payment options obviously requires access to the internet and other services that come along with it.

A payment can fail due to many reasons, such as the card having insufficient funds, the card has been compromised, the payment gateway's risk model preventing the transaction, and many more. In this article, you will learn what to do when a payment fails based on the type of error.

Cost or pricing is a significant consideration when choosing a payment gateway. Evaluate the types of fees, including setup fees, monthly fees, and transaction fees. Some gateways offer a zero setup cost option, like Razorpay, which can be advantageous for startups and small businesses.

PayKun is an Easy, Secure, and Trusted Online Payment Gateway in India. It has among the lowest per-transaction charge (TDR) of flat 1.75% in its standard plan.

Which payment gateway is better than Stripe? ›

We evaluated dozens of credit card processors to find the best alternative to Stripe: Square: Best overall Stripe alternative. PayPal: Best for value-added payment options for ecommerce. Stax For US businesses only : Best for managing recurring billing and high-volume sales.

iDEAL is an online payment method that is used widely in the Netherlands and that allows customers to conduct transactions via direct online transfers from their bank accounts.

Paytm All-In-One Payment Gateway offers its services at zero setup and maintenance gateway charges, enables real-time bank settlements, and provides a dedicated key account manager assigned to you to provide 24x7 priority support via the merchant helpdesk.

In the US, the four major card networks are familiar names: Visa, Mastercard, American Express, and Discover.