In today’s digital world, a seamless and secure payment system has become the lifeline of online business and global commerce. Businesses are expanding their reach to global countries, and people are embracing the convenience of online shopping. In this scenario, the importance of payment gateways has also increased to facilitate safe and secure financial transactions. These payment gateways work as a bridge between buyers and sellers to complete the payment process quickly and securely. Customers expect a secure and trustworthy payment gateway to ensure the privacy of their confidential information.
A dynamic and user-friendly payment gateway accepts multiple payment methods like net banking, wallet, debit card, credit card, etc. Top-rated payment gateways in the world have gained the trust of millions of customers and businesses worldwide for years. Although there are many payment gateways, these top-rated ones gained significant recognition and adoption in this digital world.
In this ever-evolving digital world, it’s critical for businesses and e-commerce stores to comprehend and familiarize themselves with the top payment gateways in the world in order to improve their customer experience and achieve success. By selecting and using the best payment gateway, they can streamline their business operations and instill confidence in their buyers to foster trust and brand loyalty.
In this article, we will go through the top 10 payment gateways in the world and their features. By understanding the top payment gateways, businesses can make an informed decision about which payment gateway aligns with their industry and business to foster growth and success.
Top 10 International Payment Gateways
There are a lot of payment gateways, but the Top payment gateways are those that are trusted by customers due to their brand value and worldwide acceptance. Using a payment gateway from this list facilitates financial transactions smoothly and securely, allowing the business to maintain customer trust in their company. Check out this list of Top payment gateways in world and decide which one fits best for your company.
PayPal
PayPal is a pioneer in online payment gateway, initiating faster, more secure, convenient, and seamless payment transfers. It is trusted by customers, businesses, MNCs, and the Biggest Brands worldwide, making it the most prominent choice for any company. It was founded by Max Levchin, Peter Thiel, and Luke Nosek in 1998 as Confinity. It enables people to transfer money and buy goods and services all over the world, while businesses may sell their products on a global level. PayPal accepts money from your bank account, wallet, debit and credit cards, Visa, Discover, Mastercard, or American Express card. It generally charges 2.9% transaction fees but has no monthly charges, which makes it an ideal option for new businesses that aim to function globally. It is accepted in more than 200 countries, giving it a top rank in the Global Payment Gateway ranking.
Its features include:
• Inventory tracking
• Barcode Scanner
• Two-factor authentication
• Express Checkout
• Shopping Cart
• PCI Regulation Compliance
• ACH Payments and eCheck Processing
• Online Invoicing
Stripe
Stripe offers a user-friendly platform to make and receive payments worldwide for all business sizes. It was founded by John and Patrick Collison, Irish entrepreneurs, in 2011, especially for e-commerce stores and online businesses. Due to its technically advanced backend, it claims to handle millions of dollars of payments without crashing. You will get extensive tools that customize the payment process and procedure. It is intended for larger businesses and provides an array of APIs that enable you to build your own customized subscription services. It is a secure payment gateway that protects your privacy and safety, which helps to prevent fraud and theft of information. Payments from Stripe are accepted in 35+ countries and are widely used by MNCs to foster trust among their partners and customers worldwide. It charges 2.9% changes during online payment, but it is the best payment gateway for instant payments.
Its features include:
• Mobile Friendly Interface
• Accept payments in 135+ currencies
• Customized payment method
• Hosted payment solution
• Accept payments both online and in person
• Strong security measures
• Instant payment
• Cross Border payouts
• Revenue Optimization
• Reporting and Insights
Worldpay
Worldpay is one of the Leading payment gateways globally, founded by Nick Ogden and Jonathan Segal in 1997. It is an all-in-one payment gateway that allows payment through various modes like a credit card, wallet, debit card, PayPal, etc. through a website or mobile app. It is one of the most secure and trustworthy payment gateways accepted in 40+ countries. It is also the most used payment gateway in the UK by all big businesses, MNCs, e-commerce stores, and Online businesses. Worldpay ensures fast payouts and better cash flow to avoid any money blockage. They charge 1.5% on all Visa and Mastercard transactions. Its transaction cost varies according to the package chosen and may differ from one region to another.
Its features include:
• Accept payments in 120+ currenciesF
• Recurring payment
• Robust System
• Easy refund
• Single Step payment process
• Great support from experts
Skrill
Skrill is among the most popular payment gateways worldwide. It is a digital wallet founded in 2001 which allows customers to send and receive money securely, make online purchases, and manage their accounts. It allows customers to send money to friends, view currency exchange rates (Bitcoin, Ethereum), and trade in cryptocurrencies. Skrill is accepted in 130+ countries and offers cross-border payments through remittance service. It is a secure and versatile payment gateway that allows payments via credit and debit cards, bank transfers, cryptocurrency, etc. Juniper Research awarded Skrill as the “Best Digital Wallet in 2019” at their Future Digital Awards.
Its features include:
• Free Account
• One place data
• Support 40+ currencies
• Referring it to a friend allows you $10 off on the next transaction
• Buy and sell Cryptocurrencies
• Simple Integration
• Safe and Secure with an enhanced fraud management system
Adyen
Adyen is one of the top 10 international payment gateways in the world that is accepted in 60+ countries. It was founded in 2006 by Pieter van der Does and Arnout Schuijff to ease international financial transactions. This platform enables receiving payments from 250+ payment methods and allows tracking and managing them efficiently. They charge a fixed processing fee plus a fee imposed by the payment type for each transaction. It accepts payments via wallet, debit and credit cards, Alipay, Amazon Pay, American Express, bank transfer, etc., from around the world. It is a safe payment gateway that is secured by AI fraud protection tools. Adyen is used as a payment gateway by large businesses such as Spotify and LinkedIn, which validates its ability to handle large amounts of money.
Its features include:
• Data-Rich Insights about customer behavior
• Global payment options
• 24/7 customer support
• Fully Certified standards
• Customized Payments
• AI-based protection
• Tokenization
• Accept 30+ currencies
• Accept local payment methods
Braintree
Braintree is a payment gateway founded in 2007 by Bryan Johnson. In 2013 it was acquired by PayPal and became a part of the PayPal network. It sends and accepts payments globally and enables e-commerce businesses to initiate a smooth cash flow inside the company. It is widely accepted in 40+ countries as it streamlines complex financial transaction processes. The payment processing fees depend on the payment method. For example, it charges 2.59% and an additional 49 cents per transaction for credit cards, debit cards, and digital wallets. It accepts payment through various methods like cards, net banking, digital wallet, Apple Pay, google pay, Venmo, etc. Braintree Vault is used for data protection, ensuring secure transactions and safe data storage.
Its features include:
• Support 130+ currencies
• High-level security
• Encryption
• Offer an option for but not pay later
• Seamless checkout option
• Easy third-party integration
• Robust Reporting
Authorize.net
Authorize.net is one of the leading payment gateways globally that aims to streamline the payment process. It was founded in 1996 by Jeff Knowles, but now it’s a subsidiary company of Visa.Inc.
It allows fast and secure payment acceptance, streamlined user experience, and customizable solutions for all sizes of companies. It is a dynamic payment gateway that accepts payment via many sources, including Visa, MasterCard, American Express, Discover, Diner’s Club, and JCB credit cards. Besides cards, it also supports digital payment systems, including Apple Pay, PayPal, Visa, etc. However, remember that Authorize.net is accepted only in the US, UK, Australia, Canada, and Europe. It claims to handle $150 billion amount every year; therefore, it is trusted by 1,45,000+ businessmen.
Its features include:
• Retail Payment
• Easy and quick checkout
• Support recurring payment
• Advanced fraud detection
• Provides a simple PCI DSS
• Accept payments using a card reader
• Phone Payment
• Digital Invoice
2Checkout
2Checkout is among the best payment gateways worldwide; used to receive payments from clients all over the world. It enhances the smooth, quick, reliable, and secure transfer of money in 180+ countries. It supports various payment methods, including Visa, AMEX, Discover, MasterCard, PayPal, Diner’s Club, JCB, and debit cards. 2Checkout is controlled by Braintree, a subsidiary of PayPal. It generally charges $3.5% on a successful sale for 2Sell Plan. It is considered one of the best ways to increase sales, as the platform is encrypted and protected by advanced technology and security features.
Its features include:
• 40+ Payment Methods
• Accept 80+ currencies
• Recurring Billing
• Customized Checkout
• Create vouchers and coupon codes
• Strong security for fraud prevention
• Easy Integration
• Global Reach
Checkout.com
Checkpout.com is a versatile payment gateway founded in 2012 with Visa and Mastercard memberships. It is widely accepted in 155+ countries and has branches in 18+ countries, making it an ideal option for global businesses and E-commerce stores. It uses the latest technology and innovation to facilitate easy, secure, and quick payment procedures to enhance user experience. Famous companies like Adidas, Samsung etc., have been using this payment gateway for years to foster customers’ trust and loyalty. Transaction fee pricing depends on your business and risk category. It promotes advanced security techniques to protect sensitive financial information and stop fraudulent transactions.
Its features include:
• Fraud protection
• Payment Integration
• Recurring Bills
• Support 150+ currencies
• Zero Setup fees
• Single Unified Payments
• 24/7 Customer Support
• Improve Conversions
Amazon Pay
Amazon Pay is a payment gateway of Amazon specially designed for Amazon Merchants worldwide. It was launched in 2007 by Amazon to make payment easier for shoppers worldwide. It allows easy, convenient, fast, and secure payments in 8 different countries and aims to expand its reach over time. Amazon Pay makes the payment procedure seamless without additional information, enhancing the user experience and checkout process. Customers can use Amazon Pay to make purchases on other websites by using their Amazon account. Top companies like WooCommerce, Magneto, BookMyShow, CCD, etc., use amazon pay to get quick and easy payments from their customers. It even allows customers to save the account details after adding them once, avoiding the nuisance of adding them repeatedly. Using Amazon Pay has multiplied many companies’ sales due to its unique and user-friendly features.
Its features include:
• Automatic Payments
• Fast and Easy Checkout
• Fraud Protection
• Express Payouts within 24 hours
• Inline Checkout
• Optimized for Mobile Applications
• Enhanced Technical support
• Recurring Billing
• Making a purchase using Alexa
• No extra charges
• Easy Integration
Conclusion
Payment Gateways are technology platforms that facilitate online payments from various sources like credit cards, debit cards, net banking, wallets, etc. Businesses must understand the importance of choosing a safe, secure, and trustworthy payment gateway to foster customers’ trust and loyalty. They must choose the correct payment gateway because it affects the client experience, security, and efficiency. Transaction fees, global reach, payout time, payment methods, security measures, customer service, integration, etc., should be appropriately considered while selecting the payment gateway. The above list of Top 10 international payment gateways helps you to choose a reliable and suitable payment gateway according to your business size, sales, customer base, and reach.
FAQs
Q1. Which is the best international payment gateway to enhance user experience
As per the research, PayPal, Checkout.com, Stripe, and Amazon Pay are the Top-rated payment gateways in the world.
Q2. How does the payment gateway work?
When a consumer makes a purchase, the payment gateway works as an intermediary between the financial institution and the merchant’s website. It encrypts the payment information, authorizes the transaction, and facilitates the movement of funds from the customer’s account to the merchant’s account.
Q3. Which payment methods can be handled by a payment gateway?
Payment gateway processes a wide range of payment methods such as bank transfers, digital wallets (like PayPal, Amazon Pay, AliPay, Apple Pay, or Google Pay), credit cards (Visa, American Express, Mastercard, Discover etc.), debit cards, and mobile wallets.
Q4. Can payment gateway process international transactions?
Yes, the payment gateway supports international transactions and has cross-border payment capability. They support multiple currencies and are widely accepted in different countries, but availability and acceptance depend on the specific payment gateway.
Q5. How long does it take money to reach the merchant’s account?
Generally, the time it takes depends on various factors like the type of payment method, payment gateway used, financial institution proceedings, and settlement process. At most, it takes 2-3 business days but can be reached even within 24 hours.
