Top 10 Payment Gateway for E-commerce Stores in the World

A payment gateway is an e-commerce service that allows merchants to accept credit card and other forms of Internet transactions securely via your website. Remember, if the payment options on your e-store aren’t set up in the right manner, you could suffer the loss of orders placed on your store. This means you’ll experience a significant drop in sales, because of unsatisfied customers. Implementing the right payment gateways, however, can prove key to ensuring the long-term success of your online business.

In most traditional transactions, payment processors involve the following parties:

• the customer;
• the merchant/business owner;
• the payment processor;
• the payment gateway — if not already combined with the processor;
• the bank/credit card company of the customer; and
• the bank of the business.

However, since there are hundreds of payment processing options, here are 10 of the best options to consider.

1. PayPal

For merchants who are looking for a low-volume payment processor, PayPal has proven to be a solid choice since it debuted in 1998. On top of having budget-friendly prices, PayPal operates in more than 200 countries and in 26 currencies and allows users to integrate PayPal checkout on their websites, process payments through a browser, app, or reader, and extend credit to customers.

2. Due

Due offers an end-to-end service that encompasses the entire billing and payment process for freelancers, small business owners, and companies. Besides offering time tracking, project management, and customized online invoicing options, the company recognizes that your business may cross the globe.

The invoicing and payment processing features include more than 100 languages, currencies, and tax systems, as well as international credit card processing.

3. Stripe

There isn’t such a thing as a “one-size-fits-all” payment processor for online retailers. However, Stripe gets awfully close, thanks to being a customizable payment solution.

Stripe was designed for developers who can then tinker with the company’s APIs to create the product that best suits their needs. Stripe allows you to accept credit card, debit card, and Bitcoin payments from more than 130 different currencies. There’s also flexible billing and a modest 2.9 percent + 30¢ per successful card charge.

4. Flagship Merchant Services

If your site gets a high volume of credit card transactions, then Flagship Merchant Services is arguably your best option. As an all-in-one credit processor, the company offers low, flexible rates for businesses on a monthly basis, as opposed to signing a long contract.

Processing options include in-person, online, and mobile credit card processing. Flagship also is known for its outstanding customer service and easy application process.

5. Payline Data

Payline Data is one of the most well-reviewed payment processors currently available. Besides giving merchants the chance to accept payments in-store, online, and through a mobile app, Payline Data provides cash advances for merchants, customer insights, QuickBooks integration, and an interchange-plus pricing structure that comes without a cancellation fee.

There’s also top-notch customer service whenever you need assistance.

6. Square

Square gives you the power to accept payments wherever you are, thanks to innovative products like its magstripe reader, contactless + chip reader and stand that converts your mobile device into a one-of-a-kind payment processor.

Square is also customizable, which means that it has solutions for a wide range of businesses, including everything from restaurants to beauty professionals to transportation companies to professional services.

7. Adyen

Founded in 2006, Adyen is a global multichannel payment company based out of Amsterdam. The company allows users to accept and transfer money electronically in real-time online, via mobile, or in person.

Since this platform connects with some 250 payment methods in North America, Latin America, Europe, and Asia, it’s one of the leading processors for anyone involved in global commerce. (more)