7 Best Payment Gateways

Finding the best payment gateway can be a challenge. There are many different gateways to choose from, and they all offer something unique. We know which ones will work best for your needs here at Online Payment Gateways and what features they offer. We have done all of the research so that you don’t have to. So if you are an entrepreneur or someone who already has a business, this article is perfect for you.

Let’s take a look at these payment gateways.

1. Authorize.Net

Authorize.Net is one of the largest payment gateway providers in the industry, and for a good reason; they offer a variety of services that help merchants process secure payments online. They have been around since 1996 and were one of the first payment gateways to be PCI compliant. In addition to basic credit card processing, they also provide features such as recurring billing and custom page designs that integrate well into existing websites. 

Authorize.Net is a good choice for merchants looking for an alternative to PayPal or Google Checkout because their fees are competitive with those services while offering similar functionality. However, Authorize does not offer buyer protection like PayPal, making some customers wary about choosing them as their gateway provider.

2. Square

Square is a mobile payment service that makes it easy for anyone to accept credit cards on their phone. It’s perfect if you are starting your own business or selling items online/in person, with no merchant account fee and an easy flat rate of $275 per month (no charges from the vendors).

3. Apple Pay

Apple Pay is Apple’s mobile payment system that gives customers the ability to pay quickly and securely with their iPhone, iPad, or Apple Watch. The company uses tokens for payments, so there is no need to type card numbers into websites manually. Customers open an account by scanning their cards using the camera on their device of choice before storing them in the Wallet app alongside credit, debit cards, and store cards already present on your phone.

This makes online shopping easy as you only have one password (and fingerprint if applicable) to remember when checking out instead of numerous ones per individual site plus they offer added security features.

4. Stripe

Stripe is a global payment gateway that supports Bitcoin, Venmo, and many other international alternatives. They have the highest level of security for online transactions with their 128-bit SSL certification data encryption which means all information sent between your website and Stripe’s servers are secured by up to 256 bits of encryption. Stripe also has a built-in fraud detection feature, which means you’ll never have to deal with chargebacks or billing disputes.

5. PayPal

PayPal is another global payment gateway that supports Bitcoin and many other international alternatives. They are the most widely used online payment solution for both consumers and businesses alike. Their customer base consists of more than 237 million active accounts in over 200 countries worldwide, making it one of the largest networks on the Web today – allowing users to pay without sharing financial information such as their bank account numbers and credit card numbers. 

Additionally, they offer all business owners protection from losses due to chargebacks, fraudulent payments, etc., so transactions through their system can be trusted 100%.

6. GooglePay

Google users can use Google Pay to store all their payment information in one place. The API Key gives you access to the API, which allows you to accept credit cards on your site or mobile app without having merchant accounts with each card type. Google Pay is free for transactions below USD 80 and has a fee of 0.30% per transaction if it exceeds that amount. 

It accepts any currency, so there are no cross-border fees when receiving international payments, making top rates possible even outside significant currencies like US dollars or Euros.

7. WePay

WePay is a payment gateway that’s been around since 2007. They offer payouts within 24 hours, and it works with PayPal, Stripe, or Braintree.  WePays offers a same-day payout from the 25th day of each month for accounts in good standing. It also accepts Paypal, Stripe, or Braintree to provide an easy way to instantly receive payments into your account without involving third parties like banks or other intermediaries.

The Bottom Line 

These payment gateways are reasonable; however, you should choose a gateway that meets your specific business needs. For example, if you do not have any international orders, PayPal is probably the best choice for your small business or online store. PayTM offers excellent rates and has several different ways to integrate with other services such as Shopify and Bigcommerce.