Top 10 Advanced Best Payment Gateways In 2024
Searching for the right payment gateways has always been essential for any store owner to run a smooth business, but have you got tired of looking for the right platform for your ecommerce business? Don’t get worried! You have landed on the right platform. Here in this article, we will let you know about the top 10 payment gateways for your online business for secure transaction and fraud protection that will support 150+ currencies in multiple countries to make sure the customers are satisfied while shopping from your store.
But before choosing any payment gateway for your store, make sure you always say no to a complicated payment process, as it takes away the customers’ interest. It is not necessary to select a unique payment method; you can go for the common one as well, but ensure it is simple and easy to use, which helps to increase your store’s conversion rate.
Below is the list of the top 10 payment gateways for 2024 to help you find the right and most secure method for your payment in the store. Each payment method is designed for a smooth process and secure transactions. Have a look and select which best suits your business.
Key Features to Look for in Payment Gateways
Following are some key features mentioned for you to look into while choosing a payment gateway:
- Always ensure that you choose a platform with strong security protection from fraud to secure your customer information and build trust.
- Every customer needs a simplified payment method while shopping, so make sure that when running an online business, you have selected an easy transaction process in different countries.
- Search for payment gateways that make it easy for customers to use digital wallets such as PayPal, etc.
- A smooth checkout process is essential in any business, so ensure you choose a payment method that is easy to use and easy to set up for both you and the customer.
Top 10 Payment Gateways for Online Businesses
Here are a few best payment gateways you can choose for your e-commerce business:
- PayPal
- Stripe
- Apple Pay
- Ayden
- WorldPay
- Authorize.net
- WooCommerce Payments
- Square
- 2Checkout
- Braintree
Now, let’s explore each of the payment gateway one by one
1. PayPal
PayPal is considered to be one of the best payment gateways for any store owner. It is trusted by millions of users worldwide and mostly offers its best platforms, such as WooCommerce and Shopify.
This payment gateway supports different currencies and offers the best level of protection with fraud detection. It is the best option for using bulk payment options or an automated payment process.
Pros
- With a PayPal debit card, you can transfer money easily and do online shopping.
- Paypal provides payment options in over 100 currencies and offers instant transfer
- It works best for some popular e-commerce platforms like WooCommerce, shopify, and Magneto.
Pricing
Transaction fees are 3.49% + a fixed fee based on the currency.
2. Stripe
Stripe is known for its simplest and easiest setup process for distinct types of payment methods. This payment gateway accepts credit cards, debit cards, and digital wallets, allowing customers to purchase without worrying about their payment method.
It offers PCI compliance, ensuring the transaction is protected. Stripe is a good payment gateway as it supports over 135 currencies, making it the best choice for store owners who run their businesses globally.
Pros
- It integrates with 135 currencies, accepting payment by digital wallet as well
- Charge no hidden fees for any type of transaction made
- It allows businesses to personalize payment options as required
Pricing
Stripe charges 2.9% per transaction.
3. Apple Pay
Apply Pay is a payment gateway that ensures customers can make a purchase quickly and securely using their Apple devices. This method is perfect for mobile and online transactions.
It keeps your info secure with features like Face ID, Touch ID, and encryption. Trusted by businesses and customers alike, it also supports multiple currencies, making it perfect for international payments.
Pros
- Smooth working with Apple devices.
- Offers biometric authentication for secure transactions.
- Provides a faster checkout process, boosting user experience.
- Charge no additional fees for sellers using Apple Pay.
Pricing
Standard credit card processing fees apply.
4. Adyen
Multiple big brands trust Ayden as one of the best global payment gateways, ensuring that it supports more than 250 payment methods with 150= currencies worldwide. Suppose you are running an e-commerce business internationally. In that case, choosing this payment gateway will be the best option for you as it manages risk and fraud issues very smoothly, helps you enhance customers’ sales motion, and improves conversion rate.
Pros
- It supports over 250 payment methods with 150 currencies
- Provides enhanced protection measures against fraud
- It ensures smooth working through transparent price offering
Pricing
Transaction fees range from 0.6% to 3.95%, depending on the payment method.
5. WorldPay
Whether you run a small or large store (business), WorldPay is one of the suitable payment gateway for you as it manages all types of business. You can have multiple payment methods options for your ecommerce store such as cards and mobile wallets. This payment gateway supports the payment in 120 currencies, protects the customer’s transaction from fraud, and helps the store work smoothly.
Pros
- Allows to work in 120+ currencies.
- Provides complete security of fraud protection.
- Easily customizable for all types of businesses small or large.
Pricing
Transaction fees are 2.75%, plus a monthly account maintenance fee.
6. Authorize.net
Authorize.net is one of the trusted payment gateways that allow you to accept credit cards directly from the customers or owners of easy digital downloads -powered stores. Suppose you set up this payment gateway in your store. In that case, while ordering downloads, the users submit the credit card information on the checkout process that stays on the site, helping you to create an enhanced shopping experience with high generated revenue. It also helps you to prevent fraud issues in your store.
Pros
- Provides easy subscription management with several custom billing cycles
- Helps the owner to protect their transaction from fraud and reduce risk chances
- Connects and works easily with platforms like woocommerce and shopify.
Pricing
$25/month gateway fee, plus 2.9% + $0.30 per transaction.
7. WooCommerce Payments
This is a payment gateway typically designed for WooCommerce stores. It has a built-in payment solution and offers payment methods in several currencies to customers living and buying in different countries.
It is designed to be used easily, and the easy setup process boosts customer trust. WooCommerce Payments connects perfectly with WooCommerce.
Pros
- Majorly designed for the WooCommerce store and connects perfectly
- Ensure a smooth setup process and require payment only when making a sale
- Easily handle the refund directly with some in-build WooCommerce tools
Pricing
2.9% + $0.30 per transaction for U.S. cards.
8. Square
Square is a payment method typically created to be simple and effective for small businesses and works smoothly with them. This payment gateway provides a free point-of-sale system in the store, helping the online business approve payments from customers in both in-person and online options.
This system handles the inventory through its powerful tool. It easily tracks the business’s performance, helping to make it a whole-sum solution to increase conversion rate and improve user experience with trust satisfaction.
Pros
- Specially designed and works easily for small business
- Offers a free POS system for payment acceptance
- Takes no monthly fees for the basic accounts, only charges for the transaction made
Pricing
2.6% + $0.10 per transaction for card payments.
9. 2Checkout
You will find Checkout a smooth and streamlined payment gateway. It connects to over 200 countries and offers 87 currencies in 15+ languages for customers. It is considered to be an ideal payment gateway for store owners who are running their businesses internationally.
This payment gateway easily allows for customization of the checkout process and is integrated with platforms like WooCommerce, Shopify, and Magento.
Pros
- It allows it to be globally friendly, like working around 200 countries
- Smooth working with 87 currencies and 15+ languages to enhance customer experience
- Ensure the store gets full secure fraud prevention for a secure transaction
Pricing
Fees start at 3.5% + $0.35 per transaction.
9. Braintree
Braintree, owned by PayPal, is a powerful payment gateway that supports multiple payment methods, including digital wallets like Apple Pay and Google Pay. It’s ideal for subscription-based businesses and marketplaces, offering recurring billing and multi-currency support.
Pros
- Offers several payment methods such as digital wallets, etc
- Provides recurring billing options easily for subscription-based services
- Connects and works smoothly with platforms like WooCommerce and Shopify
Pricing
2.59% + $0.49 per transaction for card payments.
Conclusion
In conclusion, choosing the right payment gateway for your online business is very essential. Whether you are running a small or a big store, the right platform offers complete protection over fraud, and it is easy to use, which results in helping you to increase the conversion rate and satisfy customers to shop with ease later. By some points like easy setup, secure transactions, supporting multiple countries in multiple currencies, etc, you can select a gateway that fits your business requirements. In this blog above, we have mentioned the top 10 payment gateways through which you can easily customize the checkout process and create a smooth and secure payment process for your customers, resulting in increased revenue.
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