Top 4 Payment Gateways For Ecommerce Websites

TMO Group TMO Group

Two crucial elements of an ecommerce website – a shopping cart and a payment gateway. A good payment gateway is essential for smooth transactions to take place on a daily basis on your busy online store. Any flaws there and your business is in trouble!

The payment gateway processes, verifies and accepts (or declines) credit card transactions on behalf of merchants. All this happens through a secure internet connection.

Today, there are many popular payment gateways available for businesses to choose from. Paypal, etc.

Selecting the right payment gateway will make all the difference to your ecommerce store. Ecommerce solutions like Magento (since 2021 known as Adobe Commerce) offer businesses with an option to select what payment gateway integration they want for their online stores. Magento custom development services will ensure that you can build a tailor made solution for your store.

Let’s check out the most popular payment gateways of today:


PayPal is the most reputable and trustworthy payment gateway available today. It is recognized by ebusinesses for it’s security and capabilities that span across web payments, mobile payments, online invoicing and lots more. The advantages of using PayPal are manifold. It accepts a variety of online paying methods like credit cards, debit cards or PayPal accounts too. It does not require a special merchant account. SSL certificate is not required. It has no monthly fee and has a reasonable transition rate. Paypal however does not pay directly to your bank account. You need to pay a transaction fee to transfer the money to your bank.


2Checkout offers services all over the world. If your business is of a global nature, you can expand your reach across the globe. 2Checkout has a superior fraud protection and can be implemented easily. It accepts payments from credit cards, PayPal or Debit cards, etc. It supports mobile payments and does not have any monthly or any hidden fees. It however does not offer volume discounts and has a high transaction fees for countries outside the US. is another powerful and popular payment gateway. It is supported by a number of eCommerce platforms like Magento or web platforms like WordPress. Plugins and Magento help businesses integrate this payment gateway. It supports on form payments. Recurring billing and mobile payments. Payments can be taken directly through their site. It’s compliant with PCI and SSL certificates are easy to obtain. Pre configured buy button and donate buttons are available with this gateway. Set up fees are relatively high and this also has limited access in terms of countries like the US, Canada, Australia, UK and Europe. It does not provide volume discounts and requires a merchant account.


Stripe is increasing in popularity and is the newest payment processor in the ecommerce world. Whether you are building a web market place, a mobile app or a payment processing service. Stripe can help you build a great payment processer. It has no monthly fees and no extra charges for different currencies or even different payment methods. It has a great API does not require PCI compliance for recurring payments. It also does not require processor merchant account and has lower transaction rates. They provide 2.9% plus a 30 cents flat rate for transactions. Discounts are offered as the volume goes up.

Stripe however does not support mobile payments yet and is available only in a few countries like US, Canada, UK, Belgium, France, Ireland and Netherlands.

All payment gateways have their pros and cons. You can select the one best suited for your business and make sure that your payment gateway integration offers the best to your business as well as your customers.

Subscribe to our newsletter

News of the eCommerce world, best practices to use in your eCommerce platform, insights and analytics of Chinese and South East Asian eCommerce markets - all that and much more in our monthly newsletter.