The Top 5 eCommerce Payment Gateways to Grow Your Business

Tuesday, August 9th, 2022

If you’re an eCommerce retailer selling digital or physical products, you must know the importance of a secure gateway in taking card payments. After all, you can’t run an online store without accepting payments! 

Luckily, many payment gateways offer tons of great features to help you make your eCommerce business even more successful. 

This guide lists the top 5 payment gateways that your eCommerce can rely on.

The Top 5 eCommerce Payment Gateways

1. Stripe

Easy. Reliable. Effective; anyone can use Stripe!

It is the best payment gateway for microbusinesses, freelancers, and online entrepreneurs who need simple payment processing solutions. 

With Stripe’s easy-to-use interface and simple API (application programming interface), there’s no need for pricey developers or outside help. 

In essence, if you have a sharp developer friend on hand, you might find that Stripe doesn’t offer as much functionality as some other solutions. But if your goal is simply to accept payments from customers fast and efficiently—without hassle—Stripe is ideal.

2. Braintree

Braintree is a cutting-edge global payment gateway. They handle everything from local currency support to processing transactions from around 200 countries. 

With Braintree, you’ll never have any issues with currencies, transaction limits, or chargebacks—which means no headaches! The company is also well respected in its industry and has been featured as a best practice on several occasions by organizations like PayPal and Visa. 

Their intuitive tools make it easy for new businesses to get started quickly, so it’s easy for even smaller retailers to enjoy all of BrainTree’s advantages. 

On top of that, there are no setup costs or monthly fees; they take just 1% per transaction and boast some of the fastest international processing times in their industry.

3. Authorize.net

This payment gateway offers merchants a wide variety of features. It provides chargeback prevention, fraud prevention, returns, and more features. 

Merchants can choose between a standard gateway or an extended payment gateway that adds unique capabilities. Rates start at just 1.51% + 30¢ per transaction with no setup fees or monthly charges.

 Its most attractive feature is probably its Express Checkout option which allows customers to checkout without entering their billing information again. This is especially useful when you offer a lengthy product return policy or complicated purchase conditions like shipping and handling charges.

4. PayPal

The king of online payments, PayPal is widely accepted and used by both consumers and businesses. Its wide acceptance makes it an ideal choice for your eCommerce store. 

The service also has advanced fraud protection that can prevent chargebacks and reduce fraud exposure. PayPal’s fees vary based on payment type, but they’re generally competitive.  It also offers integration with popular shopping carts like Shopify and Big Commerce.

5. Amazon Pay

The Amazon Pay gateway provides payment capabilities for merchants who want to accept payments from customers on their websites. This is a good option for merchants who sell products exclusively through Amazon. 

The platform works as an intermediary between your site and Amazon’s systems. When a customer buys an item through your website, Amazon will process it as usual without needing any information about you or your bank account. 

The only caveat here is that you can only use Amazon Pay in conjunction with products listed on Amazon, and only customers using specific browsers can make purchases through it.

Final Words

Learning which payment gateways may work for your business is just the tip of a larger iceberg. It helps to get to the nitty-gritty before choosing a payment gateway provider. You want to inspect all the features and confirm whether they meet your needs.