15+ Best Payment Gateways For Online Businesses That You Should Know

Best Payment Gateways For Online Businesses That You Should Know

payment gateway providers


As the world continues to shift to a more virtual and automated system it continues to shift basic trends from the way we used to know. One of these trends is the way we collect money.

Payment gateways simplified the way payments are being made in the virtual world making it easy to capture payment from any part of the world without any form of restrictions.

What are Payment Gateways?

A payment gateway is a merchant service provided by an e-commerce, finance or general application service provider that authorizes credit card or direct payments processing for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar.

Payment gateways generally help reduce the transfer of physical cash. Payment gateways can be in two major forms: virtual form, which can be found on websites and web apps or in physical form inform of POS (Point Of sales).

Payment Gateway Stats You Should know.

Payment gateways are becoming part of our everyday lives and their frequent use has been used in fighting corruption, money laundering and make business transactions very easy than the traditional model of physical cash.

Here are very few stats you out to know about using Payment gateways.

1. Global Use of Mobile Payments Forecast To Increase To 28% In 2022 And Surpass Credit Cards And Cash in the world.

2. More Business Plan To Increase Support For Mobile POS Payments.

3. Demand For Mobile Payments Is Highest In China, Mongolia, Brazil, Kenya and Nigeria.

4. It has been estimated that Global Mobile Payments Will Exceed £3.5 trillion By 2023.

5. The US Mobile Payments Market Is 35 Times Smaller Than World Leader China.

6. Hunger for Mobile Payment Solutions Is On The Up – 51% Are Interested In Using The Technology.

7. Mobile Payments Are Going To Dominate Point Of Sale Payments.

8. It has been discovered that Gen X – want to share their online payments on social media, compared to only 3% of baby boomers and this is only possible via the integration of payment gateway.

Benefits of Using A payment Gateway.

Nowadays, when there’s a lot of robberies and robbery going on for money, nobody feels safe to keep a lot of cash in hand with them. By enhancing customer service, making more money and rising late payments, helps them prosper their business. Here a some very few reasons why you should subscribe to payment gateways.

1. Secure Processing.🤣

Payment Gateway keeps the data of customers secure and protect also protect merchants from heavy fees. They help in preventing dangerous results of getting data such as payment info from being compromised to ensure safety from hackers.

2. Flexibility.

There is no better feeling within you when you realize that you can make amazing sales from the comfort of your location in any part of the world.

3. Reduces Labor costs.✌

With payment gateway in vogue, long gone are the days when we have to hire a cashier to collect money or an account to do accounting stuff. All these data are provided by the payment gateway platforms.

4. Boost cash Flow.👀

Most businesses have been killed because of credit purchases in time past. This has been eradicated with the use of Payment Gateways. Any customer cannot make purchases online without having to pay the price.

5. Data and Insight.

At one point in time, we need to account for one thing or the other and this can be hectic with enormous bookkeeping. This has been made possible and easy through the integration of
Payment gateways.

6. 24/7/365 availability with zero downtime policies.☺

Whether is sun up or sundown, payment gateways never go to sleep.

7. Support for modern communication protocols.

modern communication protocols such as SMS and emails are usually integrated alongside payment gateways.

8. Quick integration.😁

Payment gateways might sound like a big deal but common You need just a little or no coding knowledge to get started with integrating payment gateways.

How To Choose A Payment Gateway.

With over one thousand payment gateway in existence, more still being released and being developed it is quite hard to make a selection. Based on my experience here are the perfect criteria to base your choice of a payment gateway.

1. Company Profile.

This is very important that every business should partner with a reputable payment gateway company. I advise you to do so because of days when the issue might come up.

In time past we have heard of micro-companies fold up because they care about profit and making money. A reputable payment gateway company can trigger the interest in global customers to do business with your company.

2. Global Reach.

Do you want to collect payment globally in different currencies? Then I suggest you search for a payment gateway company that can help you collect money globally.

Most payment companies simply state that they help you collect payment globally but in an actual sense, they do not. When I say globally I mean all forms of credits card or debits cards known globally from American express, visa and Master Cards.

There are very few payment gateways that offer such a service.

3. Service Charge.

Most payment gateway out there is just there to extort all you can make as a business.

They offer their service in exchange for crazy commissions so I recommend you take out time to read out their terms and conditions and the Frequently Asked Questions of their websites.

4. Documentation.

Ease of use is another major reason you should subscribe to a payment gateway.

Most payment gateways do not offer comprehensive documentations and I suggest you do go after them because you might run out of options when the time comes.

5. Customer Support.

Another important factor to consider when choosing a payment gateway is customer support.

You are always going to run into errors or API jams and you need real-time customer support to help you navigate your way through.

Most payment gateways are very reputable but they offer poor customer support and this is very bad for the end-users.

Requirement Needed To Get Started With A Payment Gateway.

Now you are aware of the benefits you can derive from integrating payment gateways alongside your business. Here are the basic things needed to get started with any payment gateways. Also, note that the requirements for each payment gateway differ from each other.

1. Online credentials.

Online credentials like Username and emails are usually required if you want to subscribe to a payment gateway service.

2. Website.

The more reason why it is called an online payment gateway. Most websites that fall into this category are usually E-commerce.

The use of payment gateways is not only restricted to E-commerce only but all manner of web platforms that wants to integrate payment processing alongside their architecture. Websites based on subscription services, wallet based services, cryptocurrencies services are also valid.

Here is an article I recommend you read to help you get started with a website or blog.

3. Government Issues ID.👣

Payment Gateways are opened to do business with anonymous persons from all over the world. This has however prompted identification exercises to be carried out in most cases before cash is released to the business owner.

Government Issued ID such as a National ID card, or better still an International passport are usually the norm. Don’t fret about the need to provide unnecessary items only one of the two is enough for starters.

4. Business Documents.

Now you want to scale your online business into a larger company, probably because you earned a larger profit then you might need to provide some business documents. A few of these business documents are your business corporation certificate and maybe tax certificates.

Top International payment gateway In The world.

Not all payment gateway service providers are available to do business globally. In most cases, most of them are restricted to a particular location.

These few to be mentioned can be used to accept payments globally.

1. PayPal.

online payment platforms

PayPal is an American company that operates an online payment system worldwide that facilitates online money transfers and serves as an electronic alternative to conventional paper methods such as checks and money orders.

The company acts as a payment processor for online retailers, auction sites and many other business customers, charging a fee for benefits such as one-click transactions and password memory. It’s free to use for buyers. It supports both credit and debit cards.

By using PayPal for credit card purchases, store owners would have to pay a quick transfer fee of “3.4 per cent USD 0.30.” The best part is you only have to pay after you have made a sale. No setup fee is required to use PayPal. About 1M Internet sites use PayPal payment gateway including Facebook.

PayPal can be used with CMS like WordPress, Magento and Shopify. If you are based in Nigeria and you would like to learn how to accept international payments with PayPal in Nigeria, here is an article I recommend you read.


2. Authorize.Net.

Best Payment Gateways For Online Businesses That You Should Know


Authorize.Net was established in 1996, it remains one of the oldest payment gateway providers around. Today it serves over 430,000 merchants and manages over one billion transactions every year.

Due to its stability, Authorize.Net has partnerships with most merchant account providers, allowing its users to accept payments from major credit cards, debit cards, and digital payments, as well as e-checks and foreign payments from most countries.

Authorize.Net’s platform is easy to use, making it a great choice for new sellers and experienced users alike. In addition to accepting more payment types than most other payment gateways, it is also one of the very few to accept PayPal.

Authorize.Net makes it easy for its customers to use their existing merchant account with its payment gateway. boasts of More than 400,000 merchants. Its payment gateway accepts online payments through credit cards and electronic checks. You need to pay $49 as setup fees and $29 as monthly gateway fees.

However, the company also offers an all-in-one package that includes both a merchant account and a payment gateway. comes with other features, including recurring payments, invoicing, fraud prevention filters, customer information management, mobile payments, a virtual point-of-sale (POS) system, and an optional card reader.

There are no setup fees for either plan so therefore it is free to use but usage attracts additional costs such as stated below.

Payment Gateway Only

1. $25 per month
2. $0.10 per transaction
3. $0.10 daily batch fee
4. Fraud prevention
5. Customer information manager
6. Recurring payments
7. Invoicing
8. Simple checkout

All-in-One Option

1. $25 per month
2. 2.9% plus $0.30 per transaction



15+ Best Payment Gateways For Online Businesses That You Should Know was founded in 1999 It offers services in 196 countries and accepts payments in the form of credit cards, PayPal, and debit cards.

2Checkout was created in 2006 to allow companies to accept online and mobile payments from buyers around the world, 2Checkout currently serves more than 20,000 clients worldwide.

2Checkout offers a payment gateway called 2Sell that accepts all major credit cards and payments, including MasterCard, Visa, American Express, JCB, and PayPal.

It also supports payments in nearly 30 languages and 100 different currencies. With 2checkout merchants gets to sell services, digital products, physical products, and subscriptions and features an account updater to keep customer information up to date.

2Checkout also offers users a commerce dashboard with instant insights into sales and other customer metrics and lastly, 2Checkout takes only 3.5% + $0.35 per transaction, making it quite flexible if you may ask me.

Nonetheless, 2Checkout is loaded with nice features such as.

1. Sell instantly in 200 countries/territories
2. Integrate quickly with any of 120+ carts
3. Scale-up for international growth
4. Sell any type of product
5. Access to recurring billing


4. Stripe.

online payment platforms

Stripe is an American technology company based in San Francisco, California It was created by industry experts who have established partnerships with the wider payments industry.

Stripe is a payment gateway provider with a strong focus on technology and development. Stripe has over 4,000 employees in 14 countries and claims that 90% of online shoppers in the U.S. have purchased from businesses using Stripe.

Customers can build the platform they like or take advantage of Stripe’s native integrations with existing eCommerce platforms, including WooCommerce, Shopify, Wix, Squarespace, and BigCommerce.

Stripe support for over 135 currencies and payment types, mobile payments, subscription billing, one-click checkout, and user dashboard with robust transaction tracking and reporting.

Stripe is one platform that does not shy away from exploring another platform as it also offers a virtual POS that makes it easy for users to unify their online and offline channels. Stripe Terminal works on mobile devices and computers as well as with pre-certified card readers that support chip cards and contactless payments.

Stripe does not have a monthly gateway fee. It also offers 24/7 email, phone, and chat support as well as access to an extensive online support centre. customers can contact Stripe to get pricing for customized solutions. Stripe also comes with a lot of amazing features such as

1. Embeddable checkout
2. Recurring subscriptions and invoicing
3. Local payment methods
4. Real-time reporting
5. QuickBooks and NetSuite support
6. iOS and Android apps
7. 450+ platforms and extensions
8. Payments for platforms and marketplaces
9. Machine learning fraud prevention

Stripe optimizes routing paths when it comes to revenue optimisation through direct integration with payment networks such as Visa, MasterCard and American Express.


5. Amazon Pay.

Amazon also offers a secure and streamlined payment service to everyone

The service is available to both merchants and shoppers to facilitate their online purchases.
It is worked by using a user’s Amazon account information, to complete check-ins and checkouts.

All you just need to do is to log in with your Amazon credentials and it immediately charges you with no single extra charge.

TRY IT NOW – Amazon pay

6. Braintree Payment.

online payment platforms

Braintree is an awesome online payment processor with loyalty to the mother platform Paypal.

With Braintree, users have access to a global market covered by more than 40 countries and supported by more than 130 currencies.

Braintree equips you with advanced anti-fraud software that will assist you in managing risk and preventing current and next-gen fraud.


7. Skrill.

online payment platforms

Skrill is a fairly new, but very popular payment service located in the UK built for companies and individuals alike.

Creating an account on Skrill is free, and users are only charged a fixed percentage of what they’re sending/receiving.

This fee can come for as low as 1% of the transaction’s value on the sender’s side. This makes skrill very cheap as compared to other payment gateways.


8. BitPay.

online payment platforms

Do You need to collect payment in cryptocurrencies then BitPay is the right platform for you?

BitPay lets you accept and send bitcoins, store and securely spend your bitcoin funds, or turn them into dollars using your unique BitPay card.

BitPay allows you to invoice in 40 languages, ensuring your company can go global and appeal to foreign customers.

At the same time, it allows payments in 8 different currencies including mixed structures and bitcoins.


10. Payoneer.

online payment platforms

Payoneer helps businesses pay their contractors or remote workers easily, from any place they operate through its innovative mass payout platform.

Payoneer is one of the most widely used payment networks of all time, accepting 150 different currencies in over 200 countries around the world.

It allows users to receive and make payments similar to that of a bank account


11. Paystack.

online payment platforms

Paystack is a Nigerian online payment gateway platform, they also operate in some major African nations.

Paystack allows, users, to accept payment via debits or credit cards. As a Paystack merchant, you can directly withdraw your money to your local bank account.

Paystack can be used across various web platforms like WordPress, Magento, Presta Shop and many others.

Paystack is one of the very first to be able to accept payments outside Nigeria, mean in nations Like the US and Canada, their recent update makes it easier for merchants outside the US to be able to accept payments globally without any restrictions, they are gradually developing into a global payment system.

I recommend Paystack to anyone starting an online business for the very first time.


12. Flutterwave.

online payment platforms

This is another amazing payment gateway in Nigeria. It was founded by Iyinoluwa Aboyeji and Olugbenga Agboola It allows you to collect money via debits or credit cards. Flutterwave is home to many subsidiaries including GetBarter and Moneywave.

Flutterwave can be used across various web platforms like WordPress, Magento, Presta Shop and many others.


13. Vogue Pay.

online payment platforms

With VoguePay a website owner can receive payment on their website without any setup fee for their goods and services.

They operate majorly in Nigeria but have now started to spread their tentacles across all other African nations.

The global reach of VoguePay enables customers and companies to make and receive payments conveniently in all major currencies irrespective of where they are located.

You can receive and make an online payment from anyone even if they have a Voguepay account or not. Vogue Pay can be integrated with WordPress, Magento and PrestaShop.


14. Interswitch.

online payment platforms

Interswitch is an Africa-focused integrated digital payments and commerce company that facilitates the electronic circulation of Cash, as well as the timely and effective exchange of interest between individuals and organisations.

Interswitch was one of the first starters of payment gateways in Nigeria, they have now grown beyond the border of Nigeria to even start their own debit card business called verve, which is now commonly used in Nigeria alongside Visa and Master Cards.

Online payment by cardholders can be received by a web merchant through Interswitch WebPay.

The downside of it is that it requires a setup fee of N150,000 Naira roughly equivalent to $500.


15. Remita.

online payment platforms

Remita is one of the first payment gateways in Nigeria. It’s the number one choice from the Nigerian government to collect digital payments meaning it’s a reliable party to work with.

Remita offers a wide range of payment methods from Internet Banking, Debit/Credit Cards, Bank Branch, POS Terminals, Mobile Wallet, Cash Agents, mPOS, Direct Debit, Standing Order and Electronic Purse.


16. Square.

15+ Best Payment Gateways For Online Businesses That You Should Know

Another payment gateway that every wanting to be successful business is Square, It was created in 2009 by Twitter co-founder Jack Dorsey. It allows users to accept payment both in-person and online payments with no setup and startup costs and includes a free mobile card reader.

Square accepts all major credit cards as well as other payment types like Apple Pay and Google Pay, it doesn’t support PayPal, one of its main competitors. 

However, Square is one payment processor that can process ACH or electronic check payments and it allows users to accept payments by website, invoice, or over the phone.

Merchants can accept credit card payments using just a smartphone or tablet, making it a perfect choice for food carts, farmer’s markets, craft booths, and other mobile merchants.

One of Square’s most desirable features is its easy setup. Users can download the software for free on any iOS or Android device and take payments using a plugin mobile credit card reader Square offers free of charge. 

You should also know that it comes with a few transactions fees such as 2.6% + $0.10 in-person or e-commerce transaction, 2.9% + $0.30 invoice transactions and 3.5% + $0.15 manual or card-on-file entry. Lastly, It comes with lots of features such as

1. Free POS app

2. Free magstripe reader



The industry of online payment has evolved so fast that the projection into its future is purely enthralling. Like most business processes, online payments are constantly changing, and companies must adjust to the latest development to remain competitive.

Make sure to select the Payment gateway more suitable for the size of your business.

What do you think?

Written by Udemezue John

Udemezue John is a web developer, digital marketing expert, and a Serial Entrepreneur.

He Started his digital marketing career at a Health and Wellness network marketing company where he learnt to create paid Facebook ads and Google ads.

He brings a unique, uncensored approach to his travelling experience and writing.

He is also a seasoned investor, a finance education expert currently exploring the stock market and Cryptocurrencies.

His work is published in major publications on, and many others.
Udemezue John started my journey as a digital nomad in the year 2013 after completing his high school, to seek financial freedom, and also to help small and large scale business seek the financial freedom they need.
This is more reason why he started this blog and also started his digital marketing company called Inspire Africa.

Life is to be enjoyed. You can connect with me on twitter


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