Top Online Payment Gateways : Online Business Series :2:

 

You are not bartering if you are doing business .You are selling product or services .It is very important to locate the right payment gateway for your brand, it seems small like 1% or 2% extra on each transaction but it can add up quickly. There are various global and county specific Payment gateways . Each one of these offers different plans and suitable . You need to register and comply to your country specific GST VAT Sale tax and income tax provisions though some payment gateway companies does not required that . Some of the most popular payment gate gateways are

  • Paypal
  • payMate & Merchant Warrior(Australia)
  • wooCommerce
  • 2Checkout
  • Stripe
  • ACH Payments
  • WePay (only US citizen)
  • net
  • Dwolla
  • Amazon payments
  • Google Wallet
  • Dharma Merchant Services
  • Payline Data
  • asiapay
  • exPay
  • Worldpay
  • Mobivi & 1Pay : Vietnam
  • Dragonpay , Apptivate ,Ayannah & Qwikwire: Philippines
  • EBS , CCAvenue ,Citrus Pay , instamojo : india

There might be more I appreciate if you can suggest me in the comments below .You need to understand your product specific requirements .These are a few of factors that is a deciding criteria to choose a payment gateway .

  • Do you want customers to enter their payment details directly on your site?
  • What are the fees? What is one time setup fee or monthly fee or transaction wise fee ?
  • Do you want a payment gateway and merchant account or an all-in-one payment service provider?
  • Is there any lock in contract ?if yes , How long is the contract?
  • Does the provider have a good reputation? Check the online review of the services .
  • Does the transaction provider has secured server ?
  • What kind of helpline and support system payment gateway provider company has and how long they take to resolve the issue?
  • If you are not selling internationally try your country specific gateways.
  • Does the payment gateway support the payment methods your target market uses?
  • Are you in a ‘high-risk’ business? Like betting gambling etc.
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