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Online shopping is more of an addicting idea that continues to attract customers from the traditional brick-and-mortar shops to this day. But still, you need to integrate with a payment gateway to be able to process online card transactions.
You are in luck, for there are a number of companies that can provide such service without you having to invest heavily in IT infrastructure to be able to complete payments, doing so on your behalf.
If you’re interested to know the best payment gateways for small businesses.
Keep reading on…
What’s The Use of a Payment Gateway?
A payment gateway helps you deal with that part of the business we talked about, processing the customer card details so that you don’t have to do so by yourself, and allowing you to accept almost any payment method with ease.
Other payment gateways may even allow you to do some branding efforts so that your customers are reassured during purchase so that they are not confused about who they are buying from.
And as they charge you for a payment fee, other payment gateway providers charge a percentage of your sales while others have subscription plans at a bit lower transaction fee.
Therefore, it depends on your needs when it comes to choosing a payment gateway.
You could opt for a transaction fee if you expect a low amount of sales in the near future, and once sales improve, you could resort to a one that charges per month, that option proves to be cost-efficient as it costs you lower transaction fees.
What Are the Best Payment Gateways for Small Businesses?
Below is a list of the top 10 payment gateways with different service offerings that they provide to ease the processing of payments out and in your business without excessive pricing.
PayTabs is perhaps the best payment gateway for small business needs since it’s easily and quickly integrated with your small store and it enables fast payment deposits to your account.
- PayTabs accepts 168 currencies.
- Offers a smart dashboard for easy business management.
- Equipped with PCI DSS certification and anti-fraud protection.
- Transparent and simple pricing.
- Round-the-clock customer support.
What do you need to activate PayTabs on your eCommerce store?
As a business owner:
- Your business’s registration.
- Tax ID.
- Your business bank account.
As an individual/freelancer, you’ll only need:
- A freelance official document.
- A bank account.
🌷 And of course, an account on the platform and on ExpandCart to complete the integration.
The globally used prepaid card payment gateway.
How to use:
Your online shoppers can buy CashU cards from any local store and use this credit to buy from your website.
How to activate CashU on the ExpandCart store?
- Must have an account on the platform.
- Must have an online store on ExpandCart.
- Get your merchant ID and encryption key and fill in the boxes below. ⏬
PayPal Payments Pro
While there are more than 220 million accounts around the world, PayPal is one of the best payment gateways that lets you send and receive payments all over the world.
If you are an e-commerce vendor, PayPal will provide you with payment processing services, that are besides other entities such as auction sites and commercial institutions.
Some of the features include accepting credit cards such as Visa and Amex. Also, PayPal enables you with easy cart integration, plenty of customized options, online invoicing, and over-the-phone credit card payments.
Expert Cheat 🔎
You can easily activate PayPal on your eCommerce store on ExpandCart from your settings → Payments → PayPal → Activate PayPal
PayPal is a valid and trusted payment method, enabling customers more competitive pricing in comparison to eBay, making it the best payment gateway for small business needs.
The competitive pricing of Paypal starts at 2.9% per transaction, with no monthly fees included which makes it ideal for merchants with a low volume of sales.
With streamlining the payment process as a goal, and considering firms of different sizes and proper services for them with a choice of different plans, and you get all the tools you need to sell and receive online payments.
With their offered solution: you can accept payments from websites and transfer money to the designated bank account immediately. All major credit cards are supported such as Visa, MasterCard, American Express, and so on.
The platform supports digital payment services such as Apple Pay, PayPal, and Visa Checkout.
Although it accepts transactions from all over the world, the only caveat here is that your business must be registered in the US, UK, Canada, Europe, or Australia to be able to use its services.
To leverage the services of Authorize.net you need to subscribe and get a merchant account.
That way you get access to a payment gateway offering, which requires no setup fee, with just a gateway fee of $25. That’s in addition to a per-transaction fee at $0.10 and a similar cost for a daily batch fee.
If you own an enterprise business, you can find larger business solutions customized for your type of business.
A powerful payment platform, Stripe is a distinct system that is claiming to handle billions of dollars per year. As an online merchant, you’re provided with a number of flexible tools so that you could start customizing your own payment solution.
Stripe was designed for relatively large firms, where it offers a multitude of APIs to create your own systems of subscription services, on-demand stores, and crowdfunding tools.
More features: 🔑
Support is provided for a wide range of development languages such as Ruby, Python, PHP, and Java.
Additionally, Stripe supports around +100 currencies and includes comprehensive features such as mobile payments, subscription billing, and one-click checkout.
Merchants could also get access to a dashboard where you could track and analyze all their transactions. Although it obviously presents a lot of rich features, it does not require much knowledge from the user.
Stripe offers a basic plan with 2.9% off the overall transactions, which’s in addition to $0.3 per charge. As for the larger volume of sales, it provides a tailored plan with discounts.
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Payline is a payments company based in Chicago, Illinois, which provides payment services from anything such as a startup all the way to Fortune 500 companies, with emphasis on the payment experience.
⭐ Payline provides a range of services like gateway payment processing with web solutions capable of integration with 175 online shopping carts.
Payline also enables you to accept mobile payments from mobile apps. Additional features include integrating with Quickbooks for payroll management and general business finances.
Pricing for bricks and mortar stores starts from $10 (£8) per month, plus a 0.2% fee and $0.10 per transaction. For online stores, pricing starts at $20 per month, plus a transaction fee of 0.3% and $0.20.
Adyen is the platform that is used by Uber, Spotify, Microsoft, and eBay to handle both business and customer transactions.
Adyen accepts over 250 payment methods and 150 currencies, so you can easily accept all types of payments.
⭐ Some of their powerful features are:
- The ability to pinpoint buyer patterns, which could prompt you to further fine-tune products and services accordingly.
- Analyzing transaction data to be able to benefit from insights to further understand and analyze customer behavior.
- A risk management tool that could protect you against cases of fraud.
Method of payments affect the processing fees, but Adyen uses interchange pricing, plus a transaction fee at $0.12 for most of your transactions. Besides, you will have to have a merchant bank account to benefit from the interchange pricing.
One of the top payment gateways, which has a number of options for integrations with e-commerce platforms. As for payment, it could be done monthly, or open a merchant account to make use of interchange fees on all of your transactions.
However, after going through a lot of changes in the past few years of which are owned by at least two companies, it’s important to inquire about the current services and their respective pricing.
More than just a merchant gateway, this is one also is of the best payment gateways for small businesses ↙️
Enables you the ability to integrate all your sales and transactions into your Sage accounting software, which means you can see and track all your costs and income in real-time.
➡️ It’s best to get a merchant account to get the most out of the software, not just for the reduction you get but for other features as well.
A platform that is used by online merchants as it’s easy to set up subscriptions and their one-off purchases.
2Checkout is widely used by web hosting and web design companies. It’s also available as a plugin for big e-commerce platforms, besides it’s known for being able to process a big number of currencies.
⭐ Find The Top Payment Gateways with ExpandCart ⭐
Create a free store on ExpandCart and add exclusive payment integrations to your store
Free for life, no credit card, no hidden fees