Top payment gateways of 2020

(Reading time: 3 - 5 minutes)

 1. PayPal

PayPal is the most commonly used payment gateway for ecommerce stores. It is an accepted payment gateway in more than 203 countries. It supports all prominent credit cards: Visa, Mastercard, American Express, Citibank, and more. To start dropshipping, you will need a business PayPal account.
PS: It is not supported in all countries. This eligible countries list tells if it is available in your country or not.

Charges

• ZERO annual maintenance charge
• 4.4% + US40.30 + currency conversion charge is the transaction fee per transaction.

2. Stripe

Stripe is a US-based payment gateway that’s available in more than 25 countries. It supports all major credit cards. But, it is mostly used in Canada, Australia, and United Kingdom. It offers WooCommerce integration as well.

3. 2Checkout

2Checkout is another payment gateway that’s available in more than 87 countries. It supports all major credit cards such as Visa, Mastercard, Diners Club, American Express and others. It is available in many third world countries, where it is used in combination with another payment gateway. See the list of preferred payment gateway combinations below.

4. CC Avenue

CCAvenue is another payment gateway that provides a broad range of payment alternatives. Even though you have found its name on quite a lower position on this list of top 10 payment gateways, you cannot underestimate CCAvenue. It is one of the largest payment gateways in India with 200+ payment options. The payment options include 6 Credit Cards (Amex, JCB, Diners Club, Mastercard, Visa, and eZeClick). With CCAvenue, you can get admission to services in the foremost worldwide marketplace as it supports 27 major currencies. It is considered to be one of the best payment methods in India as the payment page offered is multilingual in 18 major Indian languages. So now you can easily answer, ‘what is CCAvenue?’ Read the article below to know about CCavenue payment gateway charges and CCAvenue pricing.

Charges

• ZERO initial setup fees
• Rs 1200 is the annual maintenance fees
• Transaction fee per transaction flat fee: 2% for domestic Credit & Debit Cards on Visa, Mastercard and Maestro RuPay, 2% for wallets—Freecharge, Mobiwik, OlaMoney, Jiomoney, Paytm, PayZapp Jana Cash, SBI Buddy and mobile wallet, 2% for IMPS & UPI, 3% for International Credit Cards on Visa, Mastercard, American Express, JCB and Diners Club.
• Other taxes are applicable at times.

5. Skrill

Finally we have Skrill, a payment gateway available in over 40 countries. It charges 1.9% checkout transfer fees. It also offers an official extension for integration with WooCommerce-based dropshipping stores.

6. Wepay

WePay is an online payment option for dropshippers who would like to add a seamless and fast payment gateway to their website. Although WePay is a customizable payment solution it has a limited number of payment options available at this time.

7. Google pay

Google Pay is another great option for ecommerce store owners in western region. Many people in the US and Europe use Google wallet for storing money. Since they shop online, they can easily pay with Google checkout option. Not on this option is faster than other dropshipping gateways, but also much more reliable. Google checkout also deducts the least amount of money since the payment holder also works as a bank account.

8. ApplyPay

Apple Pay is one of the most widely used contactless payment gateways in the market. So, you can also use it for your dropshipping store. With Apple Pay, customers can easily pay with the click of a button. The contactless payment gateway accepts Visa, Master Card, American Express, Union Pay, QUICPay, and Suica.

10. Instamojo

With InstaMojo International Payment Gateway, a merchant can create a merchant bank account right away to amass online payments effortlessly. It can be done with or without a website. Even though it is kept on the second position, InstaMojo is quite a discussed name for a payment gateway. The first name that appears on your computer screen when you search for an ideal online merchant website is that of InstaMojo as it supplies several such facilities which others in this list do not provide the customer with.

Charges

• Zero annual maintenance charge
• Transaction fee–Flat fee @2% + Rs 3 per transaction.

11. Paytm

PayTM has materialized out to be the best payment gateway in India for small businesses. It is a leading payment gateway in the country by its popularity, accessibility, and services. As it is among the most common Payment Gateways in India, we will elaborate on the details of this online payment gateway service provider in this content. The main reason for the great success of this provider is its online consumer base with Paytm Cash Wallet. This convenience has increased the number of e-commerce merchants making their payments online. Moreover, PayTm has also gained popularity as a woocommerce payment gateway India.

PayTm payment gateway charges

• Rs 5000 is the initial setup fees
• Rs 5000 requires an annual maintenance charge
• The minimum Annual Business Requirement is zero.
• Transaction fee per transaction
• 99% for domestic debit or credit cards o Visa, Mastercard, Maestro, RuPay
• 99% on Amex, ezeClick, JCB and Diners
• Other taxes are applicable from time to time.

12.Razor pay

In Razor paypayment system, one can easily access all payment modes which other payment systems in India offer like a credit card, debit card, net banking, UPI and wallets. Get the uppermost level of tech amalgamation with reasonable RazorPay Pricing.

Charges

• Zero annual maintenance charge
• No setup fee
• 18% GST applicable on the transaction fees.
• Transaction fee per transaction:
• 2% for every successful transaction
• +1% on international cards, EMI and Amex