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Top 10 Payment Gateways for eCommerce Business in 2021

Top 10 Payment Gateways for eCommerce Business in 2021

With the Covid 19 pandemic, the demand for online shopping has surged beyond imagination and people have begun to depend on e-commerce portals to conduct their daily shopping. Running an e-commerce site entails having a safe haven for people to deal their financial information, and a secure platform for you to conduct your business. So apart from building a great application to conduct an online business, priority should be given to generating credible payment gateways as well.  There are tons of payment gateway options around, but choosing the right one is an option that needs to be considered with care, irrespective of the fact whether you are running a budding online store or an already flourishing business. 

Here are ten options for you to choose from, depending on your requirements. 

1.Stripe

Offering highest levels of data security and quality service, Stripe is one of the most recommended payment gateways in the USA. There are subscription packages, countless tools and several platforms that help you set up a storefront, collect payments and track orders. Started in 2010, Stripe was developed to streamline the entire process of accepting payments online through credit cards, with safety as a priority.

2. Paypal

Paypal is another trusted partner that’s been around twice, that people do not actually think twice about hiring its services. Integrated with data security, excellent customer service and the ever-present fraud protection tools, Paypal can accept both credit and debit cards from your customers and conduct business with ease. Integrate this payment gateway with several shopping carts, set up recurring payments and enjoy encrypted transactions. 

3. Authorize.Net

Authorize.Net is also another oldest payment gateway system in the USA, but it is important to understand that it is not a merchant account provider. It can however, set you with third-party merchant accounts and offers the following benefits apart from the benefits of a simplified checkout system – automated recurring billing, Quickbooks support, advanced fraud detection, eCheck processing, all at affordable rates. You can even have a virtual terminal with the free Virtual Point of Sale software and a card reader. 

4. Amazon Pay

Amazon Pay has increased the chance of sales for e-commerce websites and startup companies. Companies that integrate Amazon pay as their checkout option will enjoy greater fraud detection and customer verification and plenty of features like empty cart notification and instant checkout and other benefits unique to this payment system.   

5. Payline

Payline integrates itself with more than 175 online shopping carts, and promises an excellent gateway payment processing channels, even more applications for multi-million dollar businesses and startups. The gateway has different pricing options for physical stores and slightly higher costs for online fees, but their integration with QuickBooks makes them easy to use.

6. Google Pay

Google Pay is one of the easiest and most convenient payment options around, and it’s perfect for in-person checkouts and e-commerce shops.  This payment gateway is used by small startups and industry giants like Airbnb and StubHub, and by integrating the new API to their websites, they have made it easier for their customers.

7. ProMerchant

ProMerchant is another favourite option for e-commerce shops as they have excellent processing solutions, with no upfront costs to you. So when your customer pays you, you can accept the payment through any mode with no upfront fees. The processing of funds is faster with best in-class service,  making ProMerchant one of the best payment gateways in the USA. 

8. Adyen

Handle transactions from your customers with ease through this gateway since it accepts more than 250 payment modes and 150+ currencies. The Adyen platform constantly ups its security to handle fraudulent transactions and ensure your business and the customer’s financial transactions are safe. 

9. WePay

WePay has emerged to be one of the best payment gateways in America and allows for same-day payment making it easy for both customers and small businesses. WePay is run by Chase, and a crowdfunding centered credit card process, so its APIs are more suited for crowdfunding requirements. There are some downsides to WePay. For example, it’s a bit pricey and it doesn’t accept PayPal payments. 

10. Square

Square was mostly about POS systems for in-person payments, but it is also possible to have e-commerce options as well. For example, it is a great choice for businesses planning to have both a physical store and an online store and vice versa. Though there are no monthly charges, you will be charged according to the transactions made at the gateway. 

Conclusion

All the above payment gateways can be accepted online or in the store, depending on where your customers are shopping from. The future is all set for online businesses, so it is imperative to have an excellent team set your payment gateway setup with automation that would work seamlessly across different web solutions and platforms. 

If you are not sure of which payment gateway to use for your business, get in touch with the experts at Scalans Labs to make an informed decision. 

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