It doesn't matter how great your online business idea is or how efficient you design your eCommerce sites. The primary and most important points for you as an eCommerce merchant is to achieve the goal, and your goal entirely depends on the successful transaction experience by a consumer. A fintech service provider is essential for any online business; without it, you cannot imagine running your eCommerce sites.

As you know, we live in a cashless world where no one wants to carry cash. Instead of cash, everyone, even you or me, prefer card payment or digital payments. So, to perform card payments or digital payments, it is essential to have a suitable payment gateway.

A payment gateway is the latest technology to ensure hassle-free payments. In a simple sentence, a payment gateway is an e-commerce element allowing the customer to perform digital or card payments while using the internet.

According to the research, In 2022, more than 80% of U.S purchases will be accomplished by card or digital payments. Additionally, it is expected that from 2020 to 2025, online payment transactions will grow by more than 15%.

With this figure, you can imagine how important is the payment gateway for your online business. You can say that the payment gateway is a pillar of your e-commerce site. So, always choose the best payment gateway for your eCommerce businesses.

Here, we discuss some of the best e-commerce payment gateways. You can choose anyone from these lists.

1) PayPal -

When it comes to the eCommerce payment gateways, the first thing that come to mind is PayPal. It is established in the year 2002. It is one of the world's most widely used payment gateways, which processes nearly 8 million payments daily. It allows easy payment options, and you can track your inventory also.

PayPal is the hosted payment gateway. It will redirect the customer to the PayPal page while making the payments. As it is one of the trustable gateways, the customer does not hesitate when redirected to the PayPal page from the merchant websites.

Features of PayPal -

  • Its services are available in more than 203 countries and are compatible with 100 currencies worldwide.
  • It supports all the major credit cards from all over the world, such as Visa, MasterCard, American Express, Citibank, and many more.
  • It offers various payment options.
  • PayPal offers you an extra level of security. It has complied with PCI Compliance and offers fraud prevention tools without charge.
  • It does not charge fees for sending the fund to family and friends.
  • It offers customization options.
  • It does not ask you to pay annual maintenance fees.

2) Instantcharge -

Instantcharge is one of the best payment service providers for international eCommerce businesses. It offers one-stop global payment solutions for merchants to accept payments from all over the world. You can get a payment gateway, a payment processor, and a merchant account on a single platform.

Instantcharge maintain a healthy and professional relationship with acquiring bank, which helps you to open a merchant account. It is a business-friendly payment service provider.

Instantcharge offers non-hosted payment solutions. Your customer does not have to be redirected to the third-party payment page while making the payments. Merchant can easily use their logo or brand name on the payment page.

Features of Instantcharge -

  • It allows accepting local payments from all over the world. It offers more than 100+ alternative payment options.
  • The initial setup is completely free. It does not ask you to pay any extra fees and also no monthly fees.
  • It offers PCI DSS level-1 compliance and high-technology security tools such as anti-fraud, anti-chargeback, etc. It also has tech-savvy tokenization to protect sensitive data from hackers.
  • It offers non-hosted payment solutions.
  • It offers a reasonable rate in the market.

3) Stripe -

Stripe is another one of the most popular payment gateway worldwide. It allows the merchant to customize the payment processor according to their business needs. Stripe is a US-based payment service provider.

Features of Stripe -

  • It is capable of handling a large volume of transactions.
  • It does not charge for the setup and has zero monthly fees.
  • It allows accepting the majority of credit cards. It also accepts cryptocurrencies like Bitcoin.
  • Offer recurring payments for customers.
  • Transactions are handled on-site.

4) PayCly -

PayCly is another one of the leading fintech service providers available worldwide. PayCly is popular because of its user-friendly services. It is compatible with all types of enterprises, such as high-risk, low-risk, and mid-risk businesses. It also offers legal merchant accounts to high-risk businesses without hassle.

With PayCly, the merchant can get an all-in-one solution. It offers the best possible solution at a reasonable rate in the markets.

Features of PayCly -

  • As PayCly has a deal with many acquiring banks, there is a chance that the high-risk merchant account can get approved with proper documents.
  • It offers high-tech PCI DSS Level 1 compliance. It also offers the latest technology security tools like anti-fraud, anti-chargeback, reverses recurring, etc.
  • It allows the merchant to accept multi-currency, even cryptocurrency.
  • It offers 24*7 real-time reporting.
  • It has various payment methods, such as credit/debit cards, net banking, e-wallets, mobile payments, etc.
  • It also offers invoice solutions.
  • It offers a powerful dashboard and allows merchant to download the report and detailed payment statistics.
  • Its integration process is straightforward and does not charge for it.

5) 2Checkout process -

2Checkout is another payment gateway with services available in more than 211+ countries. For the customer, the 2Checkout process offers two types of checkout processes – standard and inline.

  • Standard - A standard solution is essentially a way for customers to pay in person off-site.
  • Inline ones - Additionally, the inline essentially offers clients internet payment options so they may make contactless payments quicker and more efficiently.

Of course, they also offer international payments but keep in mind that their conversion rate is more significant than usual—roughly 2-5% higher.

Features of 2Checkout process -

  • It does not require any setup, monthly, or termination fees.
  • It supports all the major credit cards such as Visa, MasterCard, etc.
  • It has complied with the PCI compliance. It has advanced fraud protection tools.
  • It supports 87 currencies and 15 languages.
  • It is straightforward to integrate on websites.
  • It has excellent customer support.

Final thoughts -

Nowadays, there are several options on the market for payment gateways. The merchant needs to know the price, functions, and gateway security. It will help you to choose the right solution for your business model.

As a merchant, you should also check the features and benefits of the payment gateway. Evaluate your needs and requirements, and choose the best payment gateway that fits your business model.

Now, you know about the leading fintech service provider. These top 5 payment gateways help you to explore your business worldwide without any headaches. Among these 5, you can choose anyone.

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