The biggest downside is the fact that it’s more expensive than other payment gateways, especially if you’re processing payments at scale. Calculating the value of payment gateways involves more than each service’s monthly costs. The most important factors in a business’s payment gateway buying decision are its total sales volume, average transaction amount and the payment types its customers prefer.
This includes solutions for ecommerce, mobile payments, eCheck, virtual point-of-sale, and billing. Braintree was originally launched as an online payment platform in 2010 and was later acquired by PayPal in 2013. The payment gateway supports in-store as well as online payments, offers simple pricing, and is easy to use.
- Square is recognized for its straightforward integration and customization options, making it suitable for businesses of all sizes.
- CoinsPaid feels more like an all-in-one crypto ecosystem rather than just a payment gateway.
- There are many options for collecting money online – credit cards, Buy Now Pay Later cards, or PayPal, just to name a few.
- This gives businesses full control over how payments work and saves on fees.
Create Square customers from new Acuity Scheduling appointments
- Authorize.net is one of the oldest gateways still in wide use.
- Processor services are available in 202 countries and support 25 currencies.
- It provides a variety of pre-built solutions for point-of-sale systems, online payments, invoicing, and mobile payments.
- Conversely, many users are pleased with the system’s ease of use and setup, and some report positive interactions with specific Clover support reps.
CCAvenue is among the top payment gateway options in India, especially for those needing multi-currency support and a wide array of methods. Authorize.net charges 0.75% e-check transaction fee, 1.5% international payment fee, 2.9% + $0.30 all-in-one transaction fee. People are quite concerned about safety when sharing their personal payment details, such as their card details or UPI PIN. It uses tools like encryption and OTP checks to block fraud.
Adyen Key Offerings
Braintree supports over 130 currencies and is open to merchants in over 45 countries. The tool offers a number of additional features – recurring billing, automatic account updaters, reporting, data encryption via the Braintree Vault, and fraud protection, just to name a few. Settlement time refers to how long it takes for money to reach your bank.
Its merits are recognized by a huge audience – the number of service users has already reached 325 million. Processor services are available in 202 countries and support 25 currencies. A payment gateway is a technology that safely handles online payments between a customer and a business.
The payment services available from Helcim go beyond processing in-person, keyed and online payments and serve as a one-stop payment solution for businesses of all sizes. Its products include invoicing, virtual terminal software, POS hardware and software, and processing of recurring payments. However, Helcim doesn’t offer the range of third-party integrations available from competing vendors such as Clover and PayPal.
These industry standards set the tone for payment security and protect both yours and your customer’s data when processing online payments. Unlike traditional payment systems that rely on intermediaries, crypto payment gateways operate on decentralized networks. Among other perks, the lack of censorship ensures businesses have greater control over their transactions and can avoid potential disruptions.
You also get the added benefit of its customisable widget, so you can build your checkout process exactly to your specifications. We were thoroughly impressed by Worldpay’s extensive help and support via phone, email, live chat, and knowledge centre. It even has a forum on which you can discuss issues with fellow online merchants. Worldpay’s payout times are as fast as one business day – great for those who rely on quick cash flow.
And just to give you a sneak peek, my #1 recommended gateway is Cryptomus, because it really stood out during my testing. 🔎 According to Statista, it shows that a long and complex checkout is the fifth biggest driver of shopping cart abandonment. If you prefer to keep the transactions onsite, you’d be better off with PayPal Payments Pro or PayPal Payments Advanced. Basic will be the plan to look at for one-person-bands, while small businesses with a handful of core staff will be better suited to the Grow plan. Startups.co.uk is reader supported – we may earn a commission from our recommendations, at no extra cost to you and without impacting our editorial impartiality. Unlock the full potential of your teams and elevate your business or personal growth with Native Teams.
And if you want to destroy the calculator entirely, you can pass on these processing costs to your customers with surcharging—they pay these fees, not your company. Your marketing and sales 6 best payment gateways for small businesses teams won’t like explaining why the final price was increased at the end of the payment flow. If you go this route, be sure to think about the checkout user experience.