20+ Amazing Payment Gateway Every Global Business Owner Should Know

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As the world continue to shift to a more virtual and automated system it continues to shift basic trends from the way we used to know.

international payment gateway

And one of these trends are 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.

online payment gateway

Payment gateways generally helps reduce the transfer of physical cash.

Payment gateways can be in two major forms which are Virtual form which can be found majorly on website 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 every day lives and it frequent use has been used in fighting corruption, money laundering and make business transactions very easy than traditional mode of physical cash.

woocommerce payment gateways

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.

In present times, when there are a lot of thefts and burglary taking place for money, no one feels safe to keep a lot of cash in hand with them.

Online Payment Gateway is utilized by merchants.

This helps them in flourishing their business by improving customer service, making more profits and reducing late payments.

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 provide protection to merchants from heavy fees.

They help in preventing dangerous results of getting data such as payment info from being compromised so as 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 cost.✌

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 stuffs.

All these data are provided by the payment gateway platforms.

4. Boost cash Flow.👀

Most business have been killed because of credit purchase 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 book keeping.

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 sun down, payment gateways never go to sleep.

7. Support of modern communication protocols.

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

8. Quick integration.😁

Payment gateways might sound as a big deal but common You need just 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 a 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 advice you do so because of days when issue might actually come up.

In time past we have heard of micro companies fold up because they actually 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 states that they help you collect payment globally but in 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 offers such service.

3. Service Charge.

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

They offer their service in exchange of 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 gateway do not offer comprehensive documentations and i suggest you do go after them because you might run out of option 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 a real time customer support to help you navigate your way through.

Most payment gatways 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 basic things needed in order to get started with any payment gateways.

Also note that the requirements for each payment gateway differs from each other.

1. Online credentials.

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

payment gateway providers

2. Website.

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

The use of payment gateways are 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, crypto currencies services are also valid.

3. Government Issues ID.👣

Payment Gateways are opened to do business with anonymous persons from all over the world.

This has however prompted for identification exercises to be carried out in most cases before cash is released to the business owner.

Government Issued ID such as National ID card, or better still and International passport are usually the norm.

Dont 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 more larger company, probably because you earned a larger proft then you might need to provide some business documents.

A few of this 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.

PayPal is an American company operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders.

The company operates as a payment processor for online vendors, auction sites, and many other commercial users, for which it charges a fee in exchange for benefits such as one-click transactions and password memory.

It’s free to use for buyers. It supports both credit and debit cards.

store owners will have to pay a simple transition fees of “3.4% + $0.30 USD”, when using PayPal for credit card payments. The best part is that you only need to pay after making 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

2. Authorize.Net. 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.

3. was founded in 1999 It offer services in 196 countries and accept payments in the form of: credit cards, PayPal, and debit cards.

It has a low-cost fee structure and requires you to pay only “2.9% + 30¢” per successful transaction.

No set up fee is required.

4. Stripe.

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.

When it comes to revenue optimization, Stripe optimizes routing paths through direct integrations with card networks like Visa, MasterCard, and American Express.

Stripe can be used with WordPress, Magento and custom  backend scripts

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 it works by using a user’s Amazon account information, to complete check-ins and checkouts.

All you just need do is to login with your amazon credentials and it immediately charges you with no single extra charge.

6. BrainTree Payment.

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

Braintree’s integrations, users have access to a global market with over 40 countries covered and more than 130 currencies supported.

Braintree equips you with sophisticated anti-fraud tools that can help you manage risk and fight current and next-gen fraudsters.


Authorize.Net’s online payment system accepts credit cards and electronic checks from websites and deposit funds automatically into your merchant bank account, saving time and money for small and medium sized businesses.

Mobile transactions are also accepted via its free mobile app or a third-party solution that would accept credit card payments securely over a mobile device.

8. Skrill.

Skrill is a relatively new, yet very successful UK-based payment service designed both for businesses and individuals.

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

On the sender’s side, this fee can come for as low as 1% of the transaction’s value.

This makes skrill very cheap as compared to other payment gateways.

9. BitPay.

Do You need to collect payment in cypto currencies then BitPay is the right platform for you.

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

BitPay enables invoicing in 40 languages, which means your business can go global and cater to international customers.

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

10. Payoneer.

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

Payoneer is among the most widely used payment platforms ever, accepting 150 diverse currencies in over 200 countries worldwide.

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

Top Payment Gateways In Nigeria.

Now we are back to Nigeria where we all should be focused on right now.

The success of various online payment gateways has given birth to the mass development of online payment businesses in Nigeria.

Here are a very few of them

1. Paystack.

Paystack allows it 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 accross various web platforms like WordPress, magento , presta Shop and many other.

2. Flutterwave.

This is another amazing payment gateway in Nigeria.

It was founded by Iyinoluwa Aboyeji and Olugbenga Agboola

It allows you collect money via debits or credit cards.

Flutterwave is home to many subsidiaries including GetBarter and Moneywave.

Flutterwave can be used accross various web platforms like WordPress, magento , presta Shop and many other.

3. Vogue Pay.

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

VoguePay’s global coverage allows consumers and businesses to safely make and receive payments in all major currencies, regardless of location.

You can receive and make online payment from anyone even if they have Voguepay account or not.

N1500 (with Corporate Affairs Commission Certificate) and N2500 (with Government issued Identity cards)

4. Interswitch.

Interswitch is an Africa-focused integrated digital payments and commerce company that facilitates the electronic circulation of money as well as the exchange of value between individuals and organisations on a timely and consistent basis.

A web merchant can receive online payment from cardholders via Interswitch WebPay.

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


5. Remita.

Remita is one of the top payment gateways in Nigeria.

It’s the number one choice from the Nigerian government to collect digital payments meaning its 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.



The sector for online payments is arguably one of the most dynamic markets in the financial industry. The industry 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

Web developer| Digital Marketer| Entrepreneur


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