Payment Gateway Providers 2022

A payment Gateway provider is defined as a service provider that associates merchants with the broader financial system so as to accept credit/debit card transactions from the customers. These payment gateway providers can connect the e-commerce merchants, consumers, card brand network,s, and financial institutions to deliver a simple payment processing experience for the merchants and their customers by processing the payment instantly and methodically. Some of the best payment gateway providers are –

. PayPal Payment Standard

PayPal is one of the most reliable options for online transactions when it comes to online sales. PayPal charges a processing fee of 2.9% per transaction plus $0.30 per transaction with no monthly fees.

Features of PayPal Merchant Account –

. Easy to get started

. No setup or termination fees

. Accept credit/debit card transactions and PayPal transactions on your website

. Stripe

In contrast to the other payment gateway service providers, Stripe provides you with a payment gateway in a range of APIs. Stripe offers you full control and can easily integrate your new payment gateways into your online store. Stripe charges a processing fee of 2.9% per transaction plus $0.30 per transaction.

Features of Stripe –

. Transactions handled on-site

. No set-up cost or monthly transaction fees

. Offers extensive support to the local payments

. Authorize net

Just like PayPal and Stripe, Authorize.net does not charge an initial setup fee. Authorize.net charges a processing fee of 2.9% per transaction plus $0.30 per transaction.

Features of Authorize net –

. Transaction handled on-site

. Excellent security and support

. Accepts payments from all around the world 

. Money received is transferred to your bank account on a two-day rolling basis

. Amazon Payment

Amazon is an e-commerce payment gateway that provides you with a secure and simplified payment service for your customers. Amazon payment works on the data that is already inserted by the customers in their Amazon account to complete the check-ins and checkouts. Amazon payment charges a processing fee of 2.9% on domestic transactions with an additional fee of $0.30 per transaction and charges a processing fee of 3.9% on international transactions.

Features of Amazon Payment –

. No setup, termination, or monthly fees

. Accept payment using any method supported by Amazon 

. Protect your e-commerce business with Amazon proven fraud protection