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Top 4 Payment Gateways Used By E-Commerce Services

With e-commerce businesses emerging, cash-on-delivery became a less reliant option for many. Services like net-banking had long since entered the payment genre and websites were looking to integrate online payment for their goods/services. Securing these internet transactions was a big “if”; there existed several loopholes and exploits through which hackers could easily gain access to that money. This is what led to the development of secure payment gateways!

Here are 4 of the best payment gateways for online retail websites today:

1) PayPal Payments Standard

The most prominent of all, PayPal changed the payment gateway game since its advent. From the buyer’s perspective, it is free! Only the website owner has levied a nominal charge of 2.9% + 0.30$ per transaction. One of the best features of PayPal is that it charges no transaction fees for setup, and the levied charges are deducted only after a transaction. To integrate it, just add the PayPal plugin to your site and they will take care of all the other formalities!

2) Authorize.net

Since its foundation in 1996, Authorize.net has become one of the best and most secure payment gateways around the globe. Though a bit on the expensive side with - $49 setup fee, $25 monthly fee and 2.9% + 0.30$ transaction fee, it is still used by over 400,000 merchants. The price may seem like a downside, but with the money charged they provide the best fraud detection and prevention mechanisms along with the system of inline routing. Unlike PayPal, Autorize.net carries out the payment on your website rather than in their portal.

3) Amazon Payments

What gives this its prime status is the brand. Amazon is known around the world for its many services, payment solutions being one of the premier ones. Amazon charges for the transactions only and no setup fee - 2.9% + 0.30$ per transaction. Along with Amazon’s fraud protection and website integration, this makes for one killer payment gateway.

4) 2Checkout

With a global reach of over 200 countries and a support of 87 currencies, 2Checkout offers stellar customer experience. With same transaction fees as PayPal, it offers both inline and standard checkout options. 2Checkout is best known for its amazing fraud detection and prevention service.

No matter how good your e-commerce business is, it is one hack away from annihilation. Implementing payment gateways might seem like a waste of money at first, but they are your best bet against frauds. At Openwave, we design and cater to payment gateway solutions in Malaysia unlike any other! To know more, contact us today @ +60 122 204 278.

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