What is Payment Gateway?

A payment gateway is a software application that functions as a channel between an e-commerce vendor’s website and the bank that processes a buyer’s credit card payment. A payment gateway can also process payments using methods such as debit cards and eCheck (ACH) payments. The main work of the payment gateway is to securely transmit the buyer’s sensitive credit/debit card and bank account data to the issuing bank and other entities involved in the transaction. Start by checking our leader PayPal Payments Pro, and other recommended solutions in this category.

Payment gateways send transaction data to acquiring banks and get replies from issuing banks about whether a transaction is accepted or declined. In short, payment gateways assist in effective communication between banks.

Payment Gateway

Top 13 Most Popular Payment Gateway

PayPal Payments Pro reviews
1.
PayPal Payments Pro

Our Score 9.5

User Satisfaction 99%

PayPal Payments Pro is a service that integrates elements of a merchant account and gateway into a unified solution, enabling users to accept credit card payments securely. Read Reviews

Stripe Subscriptions reviews
2.
Stripe Subscriptions

Our Score 9.3

User Satisfaction 93%

Stripe Subscriptions is a service that powers any subscription model with powerful tools to reduce churn. It lets users build and manage every aspect of recurring billing. Read Reviews

Amazon Payments reviews
3.
Amazon Payments

Our Score 9.2

User Satisfaction 98%

Amazon Payments is a service that provides you with the ability to use the payment methods already associated with your Amazon.com account. Read Reviews

Braintree reviews
4.
Braintree

Our Score 9.0

User Satisfaction 97%

Braintree is an online payment gateway platform designed to make payments easier, offering the tools needed to accept payments and enable commerce. Read Reviews

Authorize.Net reviews
5.
Authorize.Net

Our Score 9.0

User Satisfaction 97%

Authorize.Net is a payment gateway platform that ensures fast, reliable and payment transactions anywhere and on any platform. Read Reviews

WePay reviews
6.
WePay

Our Score 9.0

User Satisfaction 100%

WePay is an online payment solution that provides fully integrated payments and risk services so users can deliver the desirable end-to-end user experiences. Read Reviews

BlueSnap reviews
7.
BlueSnap

Our Score 9.0

User Satisfaction 82%

A global payments technology company that optimizes global checkout and drives higher payment conversions by 40 percent for eCommerce merchants worldwide. Read Reviews

SecurionPay reviews
8.
SecurionPay

Our Score 9.0

User Satisfaction 99%

SecurionPay is an award-winning, cross-platform, online and mobile-based payment gateway that provides a friendly and simple card payment experience. Read Reviews

Skrill reviews
9.
Skrill

Our Score 9.0

User Satisfaction 98%

Skrill is a payment service that offers great capabilities and attractive offers, and should be your definite choice for electronic money transfer. Read Reviews

PayU reviews
10.
PayU

Our Score 9.0

User Satisfaction 99%

PayU is a leading online payment service provider dedicated to creating a fast and simple payment process through local expertise and innovation that meets business needs. Read Reviews

Zoho Checkout reviews
11.
Zoho Checkout

Our Score 8.8

User Satisfaction 91%

Zoho Checkout is a cloud-based application you can use to collect recurring as well as one-off online payments via custom branded payment pages. Read Reviews

Dragonpay reviews
12.
Dragonpay

Our Score 8.0

User Satisfaction N/A

Dragonpay offers online payment solutions to companies and consumers in the Philippines. Read Reviews

2CheckOut reviews
13.
2CheckOut

Our Score 8.6

User Satisfaction 100%

2Checkout is a leading global payment platform that lets businesses provide a global and customized online and mobile payment experience. Read Reviews

How To Choose The Best Payment Gateway

Payment gateway platforms make it easy to make payments for online transactions. As there are a number of good gateway programs on the internet, you may be confused about which one to choose. This buyer’s guide helps you out by providing a list of features and factors you should consider while doing educated comparisons to select a suitable payment gateway for your needs. 

Targeted Businesses

  • E-commerce stores use a payment gateway to receive payments from customers who buy their goods online.
  • Small and large businesses that have an online presence and perform sales on the internet use a gateway for secure payment services.
  • Individuals use payment gateway tools for online purchases and transactions.

What are Examples of Payment Gateway Software?

  • PayPal Payments: PayPal is a quick and secure way to send and receive money, make an online payment, and set up a merchant account. It also offers business solutions for users to get paid securely on their website, mobile apps, or directly through their email address.
  • Amazon Payments: A fast, easy, and safe way to accept payments online. Companies can enable Amazon customers to simply login and pay using their Amazon credentials.
  • Stripe Subscriptions: Stripe powers any subscription model with robust features to reduce churn. You can build and manage all aspects of your recurring billing with Stripe’s APIs.
  • Braintree: A simple, robust way to accept payments and enable commerce from anywhere — in your mobile app or online. Braintree offers a security-driven, full-stack payments platform for small business and large companies that enables processing and gateway in one system, plus loads of other features.
  • Authorize.Net: Enables e-commerce merchants to accept online payments via credit card and e-check. Its additional services do the job of a full-time employee and help you store data securely, avoid fraud and more.

Types of Payment Gateway Software

Hosted payment gateways

These take a customer off from your website’s checkout page. After a user clicks on the ‘pay now’ button on your website, they will be sent to the payment service provider page. Here the user needs to fill their payment details. After the payment, they will be redirected back to your website to complete the checkout process.

Pro / self hosted payment gateways

For this gateway, you need to ask the payment details from users at your own website. After getting the details, you need to send the gathered data to the payment gateway’s URL. Some gateways need the info in a specific format while others need a hash key or a specific security key.

API / non hosted payment gateways

This gateway allows customers to enter their information directly on the merchant’s checkout page and processes payments using their APIs or HTTPS queries.

Local bank integration

These are similar to hosted payment gateways. The user is redirected to the payment gateway’s website where they need to fill the payment and contact details. After making the payment they are redirected back to the e-commerce website and notification data is also sent with redirection.

Platform based payment gateway solutions

This type offers a platform to e-commerce merchants to sell goods directly from their server. Merchants need to create subscription or products in the provided platform and users are redirected via checkout button to this platform.

Key Features of Payment Gateway Software

International payments

Some payment gateway tools offer multi-currency and international payments as well as an interface supporting multiple languages. You need to check where there are added fees for international and multi-currency payments and whether you need to set up a merchant account in a particular country.

Security

Data security is essential for safe online payments. Make sure the gateway is level 1 compliant with PCI DSS and offers security features such as tokenization. Most gateways also offer fraud protection tools to ensure safe transactions with new parties.

Customer support

Good quality payment gateways offer reliable support through multiple channels. Do some research and ensure you are able to easily access the support agents anytime. Find out if you need to pay extra for support. Read online reviews about the quality of support offered by various gateways.

Payment methods

Payment gateways usually accept MasterCard, Visa, American Express, and PayPal for online payments. For international payments, check whether the gateway accepts local credit cards beyond MasterCard, Visa, and Amex. Always make sure you check what the exact fees are. For example, you can examine our comparison of Stripe fees vs Paypal fees vs Adyen fees to get a better understanting of what’s the standard in the industry.

Benefits of Payment Gateway Software

Our payment gateway reviews show that you can use one to do the following:

  • Accept online payments for your e-commerce business.
  • Accept multiple payment methods and currencies.
  • Process payments safely by ensuring the security of payment details.
  • Avoid unauthorized payments with fraud protection safeguards.
  • Quickly handle customer refunds and returns.

Latest Trends

Mobile apps are replacing countertop checkout

Consumers are using their mobile phones to access cloud apps to checkout inside the shop and to pay for things before they step inside the store. Savvy brands like Starbucks, Taco Bell, Domino’s Pizza, Target, and Kohl are utilizing this trend to offer mobile payment apps and have seen a boom in their sales.

Faster and safer payments  

Many countries have implemented systems to facilitate faster payments. Beyond speed, payment gateways and apps are becoming more efficient and flexible. They are ensuring their systems meet security, compliance, and risk management regulations for safe online transactions.

Contextualized commerce is driving payments innovation

Payments are enabling the different digital experiences consumers engage in every day. Consumers spend many hours on the internet every day for different tasks. Companies are tracking their online behavior and habits to influence and trigger purchases. They are payment-enabling impulse purchases in innovative ways.

Potential Issues

Chargebacks and fraud

Payment gateways need protection against data theft and fraudulent misuse to ensure secure transactions. They need to use fraud-monitoring tools like purchase tracking, validation services, and risk management to detect fraud before it happens. Chargebacks are expensive and can damage the reputation of a gateway. Therefore, they need to use effective customer service practices to reduce or eliminate chargebacks.

Technical integration

It can be difficult for some gateways to integrate with other platforms which can result in processing delays, expensive fees, and lost transactions. Payment gateways need to ensure smooth technical integration with other systems to offer easy and secure transactions.

International transactions

International payments can be slow, expensive, and inefficient. Payment systems need to tackle this challenge and ensure fast and secure cross-border transactions and payments by managing the costs and risk more effectively.

There are a number of payment gateway providers on the internet. FinancesOnline.com provides reliable rankings for these gateways that enable you to do a comparison. Try a demo of your shortlisted gateways to select a suitable one for  your needs.

Useful Resources

List of Payment Gateway Software Companies

Updated

Selected products (0)

1.
PayPal Payments Pro

Our Score 9.5

User Satisfaction 99%

PayPal Payments Pro is a service that integrates elements of a merchant account and gateway into a unified solution, enabling users to accept credit card payments securely. Read Reviews

  • Pricing: $30
  • Devices Supported: Windows, Linux, Android, iPhone/iPad, Mac, Web-based
  • Pricing Model: Monthly payment
  • Customer Types: Small Business, Large Enterprises, Medium Business
  • Deployment: Cloud Hosted

2.
Stripe Subscriptions

Our Score 9.3

User Satisfaction 93%

Stripe Subscriptions is a service that powers any subscription model with powerful tools to reduce churn. It lets users build and manage every aspect of recurring billing. Read Reviews

  • Pricing: by quote
  • Devices Supported: Android, iPhone/iPad, Web-based
  • Pricing Model: Quote-based
  • Customer Types: Small Business, Large Enterprises, Medium Business
  • Deployment: Cloud Hosted

3.
Amazon Payments

Our Score 9.2

User Satisfaction 98%

Amazon Payments is a service that provides you with the ability to use the payment methods already associated with your Amazon.com account. Read Reviews

  • Pricing: by quote
  • Devices Supported: Windows, Linux, Android, iPhone/iPad, Mac, Web-based, Windows Mobile
  • Pricing Model: Quote-based
  • Customer Types: Small Business, Large Enterprises, Medium Business
  • Deployment: Cloud Hosted

4.
Braintree

Our Score 9.0

User Satisfaction 97%

Braintree is an online payment gateway platform designed to make payments easier, offering the tools needed to accept payments and enable commerce. Read Reviews

  • Pricing: by quote
  • Devices Supported: Windows, Mac, Web-based
  • Pricing Model: One-time payment, Quote-based
  • Customer Types: Small Business, Large Enterprises, Medium Business
  • Deployment: Cloud Hosted

5.
Authorize.Net

Our Score 9.0

User Satisfaction 97%

Authorize.Net is a payment gateway platform that ensures fast, reliable and payment transactions anywhere and on any platform. Read Reviews

  • Pricing: by quote
  • Devices Supported: Windows, Android, iPhone/iPad, Mac, Web-based
  • Pricing Model: One-time payment, Quote-based
  • Customer Types: Small Business, Large Enterprises, Medium Business, Freelancers
  • Deployment: Cloud Hosted, Open API

6.
WePay

Our Score 9.0

User Satisfaction 100%

WePay is an online payment solution that provides fully integrated payments and risk services so users can deliver the desirable end-to-end user experiences. Read Reviews

  • Pricing: by quote
  • Devices Supported: Windows, Mac, Web-based
  • Pricing Model: Quote-based
  • Customer Types: Small Business, Large Enterprises, Medium Business, Freelancers
  • Deployment: Open API

7.
BlueSnap

Our Score 9.0

User Satisfaction 82%

A global payments technology company that optimizes global checkout and drives higher payment conversions by 40 percent for eCommerce merchants worldwide. Read Reviews

  • Pricing: by quote
  • Devices Supported: Windows, Mac, Web-based
  • Pricing Model: Quote-based
  • Customer Types: Small Business, Large Enterprises, Medium Business
  • Deployment: Cloud Hosted

8.
Skrill

Our Score 9.0

User Satisfaction 98%

Skrill is a payment service that offers great capabilities and attractive offers, and should be your definite choice for electronic money transfer. Read Reviews

  • Pricing: £0.43
  • Devices Supported: Windows, Linux, Android, iPhone/iPad, Mac, Web-based, Windows Mobile
  • Pricing Model: Free, One-time payment, Quote-based
  • Customer Types: Small Business, Large Enterprises, Medium Business, Freelancers
  • Deployment: Cloud Hosted

9.
PayU

Our Score 9.0

User Satisfaction 99%

PayU is a leading online payment service provider dedicated to creating a fast and simple payment process through local expertise and innovation that meets business needs. Read Reviews

  • Pricing: by quote
  • Devices Supported: Windows, Mac, Web-based
  • Pricing Model: Quote-based
  • Customer Types: Small Business, Large Enterprises, Medium Business
  • Deployment: Cloud Hosted

10.
SecurionPay

Our Score 9.0

User Satisfaction 99%

SecurionPay is an award-winning, cross-platform, online and mobile-based payment gateway that provides a friendly and simple card payment experience. Read Reviews

  • Pricing: % based
  • Devices Supported: Windows, Linux, Android, iPhone/iPad, Mac, Web-based
  • Pricing Model: One-time payment, Quote-based
  • Customer Types: Small Business, Large Enterprises, Medium Business
  • Deployment: Cloud Hosted

Our Score Read More

Our website utilizes our special SmartScore™ method to evaluate all the applications in the Payment Gateway category so that we can help you select the best possible software. It analyzes the following metrics: cruscial features, collaboration features, customization, available integrations, ease of use, help & support, how secure a software is, mobile support, general media ratings. At the moment, PayPal Payments Pro is the leader in this category and is recommended by our experts. Following extensive evaluation it got the best results among its competitors and we strongly suggest that you include it as one of the solutions for your business.

User Satisfaction Read More

An overview of general user satisfaction with the solutions in our Payment Gateway category evaluated with our unique algorythm that collects user reviews, comments and opinions across a broad range of social media sites to help you make an educated buying choice.

99%

93%

98%

97%

97%

100%

82%

98%

99%

99%

Pricing Read More

Every vendor in the Payment Gateway category will provide a different set of pricing packages for its app and each plan will include a varied set of tools. Below we list the overal pricing for the most affordable package provided for each app. Please note that advanced features may have an extra cost.

$30

by quote

by quote

by quote

by quote

by quote

by quote

£0.43

by quote

% based

Devices Supported Read More

An analysis of what type of devices and operating systems are supported by the listed B2B solutions in the Payment Gateway category, including mobile platforms and web-based solutions.

Windows

Android

iPhone/iPad

Mac

Web-based

Laguages Supported Read More

Check what languages and geographies are served by the popular B2B apps in the Payment Gateway category, including apps aimed at international markets and created for multi-cultural groups of employees.

Pricing Model Read More

Learn what pricing models are provided by the vendors in the Payment Gateway category to see which one suits your business requirements and budget best. Note that certain solutions can provide free or freemium accounts for you to test first.

Free

Monthly payment

One-time payment

Annual Subscription

Quote-based

Customer Types Read More

An analysis of what types of companies a given B2B solution in the Payment Gateway category aims for, from small businesses and non-profits to large enterprises.

Small Business

Large Enterprises

Medium Business

Freelancers

Deployment Read More

An overview of what types of product deployement are supported by each B2B vendor in the Payment Gateway category. While most of modern SaaS services are cloud-based some solutions might offer an on-site deployment model too.

Cloud Hosted

On Premise

Open API

Post by Alex Hillsberg