7 Best Payment Gateways for Ecommerce Business (Review)

7 Best Payment Gateways for Ecommerce Business (Review)

Arif Chowdhury
Follow Us

Last Updated on December 23, 2022 by Arif Chowdhury

Do you know utilizing the best payment gateways will make it easier to beat your competitors?

It is possible to imagine a scenario where you arrive at an online store to purchase anything.

You choose your favorite product, add it to the basket, and go to the checkout page. Now on the checkout page, you will expect to see your famous or well-known payment gateway.

All of the store’s sales are handled via eCommerce payment gateways.

To complete the transaction, the client enters their payment details on the checkout page.

eCommerce bank accounts will receive the money from the buyer’s credit card or bank account after the payment gateway deducts specific fees from the transaction.

The eCommerce store is allowed to deposit money into their bank accounts at this point. However, there are several advantages to using an online payment gateway. So, let’s talk about it.

Why do you need a payment gateway for an eCommerce business?

Whether it is an eCommerce business or dropshipping, all function similarly. The difference is that dropshipping companies don’t have any inventory or warehouse, while eCommerce businesses might have.

If a dropship or eCommerce business promotes and sells goods from manufacturers, then they require a payment gateway to sell their goods.

Customers prefer to use the payment processor they are already acquainted with since many options exist.

When setting up your payment system, keep this in mind. Choose a secure payment gateway well-known to your target audience when evaluating your options.

PayPal is a well-known and widely used payment processor in the USA. However, while Payoneer is a favorite for the Asian continent, Stripe is the favored payment method among the European continent. Therefore, a large or small business that wants to accept customer payments can use both. Besides, both of their fraud protection features are excellent.

If you want to reach an international audience, a well-known payment gateway or combination of these two is ideal.

Recommended Reading: Which Is the Best E-commerce Platform for Beginners? Top 10 Reviewed

The best payment gateway for international transactions.

Payment gateways are vital in the eCommerce and dropshipping business; thus, we have compiled a collection of the most popular payment methods. Check our review and decide for yourself.

Quick Note: Amazon Pay is a safe and secure online payment solution that can be used by businesses of any size, from large to small businesses. You can use it at the point-of-sale (POS) terminals of brick-and-mortar stores as a credit card reader for the convenience of customers.

1. PayPal

You may have already used PayPal before; it is a widely used payment mechanism for online purchases. Two hundred-three countries have accepted it as a form of payment.

PayPal world-renown payment processing platform.

This processor accepts Visa, MasterCard, and other major credit cards. You’ll need a PayPal account for commercial purposes to get started with eCommerce or dropshipping.

Payment Gateway Costing:

PayPal charges a flat cost of $0.05 to $0.49 for each transaction in addition to a transaction processing fee maximum of 3.5%. Thus, it depends on your transaction amount.

PayPal payment gateway costing.

For a $100 purchase, you may expect to spend anything from $2 to $3.99 in fees. These fees are not much. However, these cumulative costs might affect your earnings for a year.

Every time you use PayPal, you’ll be charged a cost of 2.99 percent plus a transaction fee of 49 cents.

For an extra fee, advance options for debit or credit card payments offer you Chargeback Protection and other services for a fee of 2.59 percent + $0.49 per transaction.

If you’re looking to save money, consider that the more features you add, the more you’ll have to spend. Then, consider the value you’ll get from the higher costs.

Quick Note: One disadvantage of PayPal is that it is unavailable in many countries. Therefore, you check their list of supported countries before you decide. However, their customer support is excellent.

2. Stripe

You can use Stripe in over 25 countries, including the United States. In addition, almost every major credit card is accepted for payment.

Stripe is best for the USA and Europe continent payment process.

These countries are significant outliers to the general norm. Additionally, you may use this payment processor in WooCommerce as well. Another excellent advantage is that you can sell your products on the Facebook marketplace.

We recommend Stripe as an alternative to the default payment gateway of the Easy Digital Downloads plugin for the WordPress payment processing option.

eCommerce stores may use Stripe for card payment processing with the Stripe Pro plugin.

Remember, Stripe is the best option if your products are digital.

Payment Gateway Costing:

To utilize Stripe, consumers must pay a flat cost for every transaction they make. For example, online and in-person payments cost 2.9 percent per transaction, plus a flat fee of 30 cents.

The service is entirely free to use. All pricing is based on transaction expenses or card processing costs.

Stipe payment gateway cost.

Stripe uses flat-rate pricing models, which are more straightforward to comprehend than the card-based pricing model.

Also, getting started with this payment processor is easy and affordable.

Recommended Reading: Stripe vs. Square: Which One is Best for Your Business (Review)

3. 2Checkout

2Checkout is used in 87 countries across the world. Visa and MasterCard are accepted by this processor, although Diners Club and American Express are also accepted.

2Checkout is a perfect payment process platform for small to medium business owners.

With the help of this payment gateway, several nations in the developing world can purchase from the eCommerce store.

When looking for an affordable payment processor, you may find it challenging to identify which processors provide the cheapest rates, which ones are ideal for a specific region, and how each system works with your eCommerce shop.

2Checkout can be linked with a platform such as Shopify, WooCommerce, and others.

Payment Gateway Costing:

The actual price you pay depends on 2Checkout payment plans. To keep costs consistent across all transactions, 2Checkout charges a fixed fee for the most common payment methods.

2Checkout payment gateway cost.

Transaction fees for 2Checkout’s initial product, 2Sell, are 3.5% per transaction and an additional 35 cents. 2Subscribe plan charges 4.5% per transaction and an additional flat charge of 45 cents, whereas 2Monetize charges 6% per transaction with an extra 60 cents.

If your company has a large number of sales, then you should check its enterprise plan.

4. Authorize.net

Authorize is one of the best payment methods for selling online.

More than a third of the world’s population currently has access to it. In addition, consumers are familiar with online payment channels like PayPal, which has been operating for a long time.

Authorize.net is best for the POS payment system.

Also included are several WooCommerce-compatible plugins. Authorize.net charges 2.90% per transaction and a flat fee of $0.30 for e-commerce and dropshipping companies.

Payouts may be processed quickly and securely using the Authorize.net payment gateway. In addition, client trust is bolstered by its extensive use and popularity.

Since everyone recognizes it, customers are likelier to purchase from an online store that provides safe and renowned payment options.

A credit card payment option will encourage consumers to return since they will feel more comfortable purchasing, increasing their likelihood of returning.

Payment Gateway Costing:

It costs you a $0.10 flat fee per transaction and another flat fee of $0.10 for a daily batch to use Authorize.net. Apart from $25 per month for a merchant account.

Authorize.net payment gateway cost.

An Authorize.Net reseller’s merchant account costs 2.9 percent + $0.30 per month for an Authorize.Net reseller’s merchant account with a $25 startup charge. Extra savings are available to larger companies, and there are no setup or cancellation costs.

Recommended Reading: 8 Steps: How to Build an E-commerce Shop Online? (Definitive Guide)

5. Skrill

Skrill payment processor with a global reach of more than 40 countries. A 1.9 percent transfer charge will be added to your bill at the end of the transaction. WooCommerce dropshipping shop integration plugin is also available for the platform.

Skrill is best for a comprehensive payment processing system.

Skrill was formerly primarily used to store and transmit earnings from online gambling. In addition to online gambling, Skrill, formerly known as Moneybookers, also provides various other goods and services.

To utilize Skrill’s mobile wallet and for merchant services, called “payment processing,” you must register an account with them first.

There are several advantages to using Skrill, but the most important is the simplicity of making and receiving payments in many countries.

As a result, firms operating in more “high-risk” regions may be forced to use Skrill instead of alternative payment methods.

Payment Gateway Costing:

You get all existing features at no additional charge. However, debit or credit cards cost 1.2 percent plus a flat fee of €0.29.

Skrill payment gateway cost.

6. Wepay

Dropshipping businesses may integrate a secure payment method onto their website using WePay. The WePay payment system is configurable, although only a few payment alternatives are presently accessible.

WePay payment processing platform for small to large organizations.

WePay was founded in 2008, a year earlier than its competition. The app’s original goal was to facilitate a decentralized payment system. In 2017, JPMorgan Chase bought it.

Customers of the financial giant will now be able to get their reimbursements on the same day.

You may set up the payment process for the eCommerce store using WePay’s white-label API. It is a viable alternative payment system for those who may not have PayPal and other well-known payment options.

Payment Gateway Costing:

Using this payment solution, customers may purchase using their bank transaction, eliminating the requirement to disclose credit or debit card information.

Bank account transactions incur a 1.5% and $0.30 transaction charge.

As an alternative to Shopify and other payment processing systems, WePay’s digital technologies allow customers to make credit card or debit card payments at an online business.

They also enable businesses to use integrated payment options while merchants can immediately transfer earnings into their bank accounts.

The company’s customers are charged 2.9 percent per transaction with an additional flat fee of $0.25.

7. Google Checkout (Discontinued)

In western culture, Google Pay is an excellent alternative payment system for online shops. In addition, people in the United States and Europe increasingly rely on Google Wallet to keep track of their finances.

As a result of their purchases being made online, consumers can pay for them via Google checkout. Therefore, it is the most excellent alternative if you seek a faster and more dependable solution.

To put it another way, this implies that Google Checkout takes less money out of the customer’s bank account.

If you use this service, you may take online payments through an online seller account from your eCommerce store, even though Google is well-known by everyone around the world. Thus, website owners may utilize this payment system without a second thought.

Because of this, even though it’s another payment solution, it has a distinct flavor. Visit Google Checkout if you’re seeking a trustworthy seller account.

You may use an XML API or HTML to include Google Checkout on your website.

Payment Gateway Costing:

They have both per-transaction fees along with a flat fee of $0.30.

  • The cost per transaction is 2.9% if the monthly sales volume is less than $3,000.
  • Transaction costs are 2.5% if the monthly sales volume is between $3,000 and $9,999.
  • The cost per transaction is 2.2% if the monthly sales volume is between $10,000 to $99,999.
  • The lowest per-transaction fee is 1.9% of your monthly sales of more than $100,000.

In cases when the buyer’s billing country is not the same as the seller’s, a 1% fee is levied. As well as charging a $10 chargeback fee and $0.30 per “partial capture” throughout the transaction, it also adds $0.30 for each “partial capture.”

All registered businesses that are non-profits, except those receiving Google Grants, are eligible to pay the same charge.

Recommended Reading: Beginner’s Guidebook of Content Marketing Strategy (Practical Guide)

8. Apple Pay

Apple Pay is a well-known touchless payment system. Your eCommerce and dropshipping company may also reap the benefits of this.

Apple Pay payment processing system.

Thanks to Apple Pay, customers may pay with a single tap on their iPhone or iPad. In addition, Visa, MasterCard, American Express, etc., are all accepted through the touchless payment gateway.

Apple Pay is the most popular payment system for smartphones and tablets.

  • Apple Music® has millions of paying subscribers worldwide.
  • Apple Pay uses cutting-edge security technologies such as NFC, biometrics, etc.
  • Apple partnered with well-known companies, including McDonald’s, before releasing its new payment method.

Payment Gateway Costing:

For customers and retailers alike, Apple Pay is completely free. First, however, you have to purchase the hardware.

If you’re a company, it’s free. The charge for card processing is 0.15 percent of each Apple Pay transaction as security of safe tokenization.


To accept credit/debit card payments, any online store needs to have a secure payment gateway. As a result, it might be challenging to locate the perfect match. So before making a final selection, be sure to try out a few alternative payment options.

Don’t lose out on prospective consumers by not using renowned payment gateways if you’re starting an online business.

A contribution to the discussion would be much appreciated. Do you have a specific concern in mind? Don’t forget to contact us.