Payment Gateways can be defined as a bridge which allows
secure transactions between merchants and consumers. It is a service that
authorizes credit or debit card payments and processes them securely. Choosing
a payment gateway can be difficult, there’s a lot of competition, a lot of
confusion and a lot of data to figure out. Following are the most popular
Global Payment Gateways:
·
Worldpay
·
Checkout by Amazon
·
PayPal
·
Intuit
·
PayLane
Worldpay: Worldpay
is a payment processing company. It provides internet payment gateways to
e-commerce business. Worldpay charges 2.75% transaction fee for credit cards
and 39p for debit cards.
Checkout by Amazon: Amazon
is one of the largest shopping sites in world. Amazon creates a payment gateway
for others to use and named it Checkout by Amazon. It allows companies to embed
Amazon checkout buttons onto their site which allow users to purchase items
through their Amazon account. Checkout by Amazon charges 3.4% + 20p per transaction
for accounts that receive less than £1,500 per month and 1.4% + 20p per
transaction for those receiving over £55,000 per month.
PayPal: PayPal payment gateway allows people to pay via credit and
debit cards as well as through their PayPal account. PayPal offers special low
rate of 1.4% + 20p.
Intuit:
Intuit is an American company and it can provide merchant service- payment
gateway to you. Intuit payment gateway charges are as:
o
Setup fee = 0
o
Monthly fee = $19.95
o
Chargeback fee = $20
PayLane: PayLane
offers most popular online payment methods. It provides affordable pricing for
their services. PayLane fee plan is as 2.8%+0.25 EUR for debit and credit cards
and 0 EUR for Paypal users.
Choosing the right payment gateway solution for your
business can often affect your online business. If payments on your online
store are not optimally set up, you could lose a lot of sales opportunities and
that means loss of money. So figure out best payment gateway and make your
customer satisfied with checkout options.
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