Payment Gateways: In the past few years, eCommerce has changed in many important ways. ECommerce is a term for buying and selling products over the internet. For those who don’t know what it means, it’s a simple explanation. The goods could be anything from household items to things made by hand. The recent crisis with the Coronavirus has also led to a lot of eCommerce sites. Amazon, Flipkart, and eBay, which have been around for a while, are also doing well. If you want to run a successful online business, it will be best to have domination online. Unfortunately, it is not too easy to set up an online business these days. To sell your products online, you have to hire a web developer to set up an eCommerce site. But you would need a payment gateway to accept payments from users.
12 Best Payment Gateways
Since getting paid is the whole point of your business, the payment gateway is the most important thing. So, this article will list the 12 best payment gateways for eCommerce sites. Let’s check out.
If you’ve ever bought services from freelancing sites, you might be familiar with PayPal. PayPal is more well-known than other payment methods, so that it might be the best choice for your online business. The great thing about PayPal is that it supports all credit and debit cards worldwide. Along with that, PayPal lets merchants take money out in 56 different currencies. PayPal also has a strong system to prevent fraud that watches users’ transactions around the clock.
Square was started in 2009 by Jack Dorsey, who also helped start Twitter. It gave retailers a way to accept payments online without using bulky and expensive POS hardware. We picked it as the best for brick-and-mortar businesses because it lets users accept payments in person and online and has no setup or startup costs. It also comes with a free mobile card reader.
Razorpay might be the best Payment Gateway solution if you are looking for the best one. The payment gateway service was started in 2014, and it has more than 800K customers at the moment. The best thing about RazorPay is that it can be used immediately and is easy to set up. Well, if you set up this payment gateway, your customers would be able to pay with credit/debit cards, UP, net banking, and wallets.
The Paytm is an online payment service that supports UPI. The best thing about Paytm is that it is easy to use. One good thing about Paytm is that almost every Indian user knows how to use this payment service. The payment gateway of India supports all credit and debit cards from Indian banks linked to 50 of the largest Indian banks. This Payment service is used by many well-known Indian companies, like Zomato, Jio, Swiggy, Uber, Ola, etc.
The Authorize.Net is one of the oldest payment gateway providers, as it has been around since 1996. It works with more than 430,000 merchants and handles more than a billion transactions a year. We picked it as the best overall because it’s easy to set up and use, it works with almost any merchant account, and customers worldwide can pay with it.
Stripe was first made in 2011. A payment gateway lets you accept credit card payments by moving money between your merchant account and a payment processor. The payment gateway is built on a secure, scalable, and safe infrastructure based in the cloud. And people who want to send invoices and collect payments for goods or services can use Stripe as a stand-alone solution.
The CCAvenue is one of the oldest payment gateways, but it is also the top Payment Gateway Service Provider that Indian banks allow choosing Sub Merchants. Indian financial institutions back it, and it helps more than 85 percent of e-commerce merchants. The best thing about CCAvenue is that it supports 200 different payment methods, such as 58+ net banking options, 14 Bank EMIs, 97+ debit cards, and 6+ credit cards.
Skrill is another great payment gateway that you can use. The service has been around since 2001, and it offers both online payment and money transfer services. Skrill is good because it supports more than 120 countries and can be used with 40 different currencies. The service also gives you free ways to send money worldwide, and it has a few safety features for transactions. Skrill can even be used with shopping carts from other companies. It supports eCommerce platforms like WooCommerce, Shopify, Wix, Magento, etc.
PayU is a financial technology company that helps online merchants use payment technology. It is in payment of the whole payment model, from receiving payments to processing them. PayU also lets you connect your web and mobile apps. It has the best conversion rates and is easy to set up.
Instamojo is India’s largest on-demand payments and e-commerce platform. It collects payments and makes free online invoices. It also ships products and lets users get loans to help their business grow. Instamojo makes digital commerce broadly accessible to produce newer possibilities & sustainable resources.
11. Amazon Pay
The Amazon Pay may not be a very popular solution, but it is a quick, easy, and safe payment to pay for your business needs. Its only downside is that it’s only available in a few places, but the company plans to expand its business very soon to every country. The payment gateway is supposed to make it easy for sellers and online retailers to do business. Some of the most important things about Amazon Pay are the ability to set up automatic payments, integration with merchant websites, in-browser checkout, and protection against fraud.
Even though PayKun is not very popular, it is still a reliable way to pay. PayKun is known for offering safe, fast, and secure ways to send money. As of now, PayKun supports more than 100 different ways to pay, and getting your payment back is easy. In addition, PayKun offers faster payment settlements than other payment gateways.
The Bottom Line:
You can use these options to accept payments on eCommerce sites or other online payments. I hope that this article was helpful! Please tell your friends about it too. Also, tell us about any other payment gateways you think are good in the box below.