An eCommerce online payment gateway is one of the important tools that hold the successful of any online business. Without proper secured payment gateways, no e-transaction is possible. While some merchants enable cash on delivery service, it has a lot of restrictions.
You have seen the barcodes in the products you buy online or in store. The same applies to online products and the respective transactions.
Talech is one of the leading providers of data acquisition and barcode software for major industries across the globe.
Safe transactions, security to the payment/transaction data (inclusive of the card or bank details), and quick update in the respective merchants are the three major factors that all shoppers look for. Online payment gateways have evolved over a few years offering ultimate security to all transactions.
There are few online payment gateways that don’t merely act as a tool to transfer the payment. The payment gateways ensure the security of the transactions and date, verify the accounts, analyze the velocity patterns, calculate the tax amounts, quickly process the remission to the merchants, record the patterns and many more.
Top 5 Online Payment Gateways Which are Dominating The Market
Here is the list of top 5 only payment gateways which are used by most of the eCommerce sites –
#1 PayPal Payments Pro
It is a successful attempt by PayPal to introduce an exclusive payment gateway for the users who do not have a PayPal account.
This is the leading payment gateway in the year 2018. It is comprehensively developed to streamline the business transactions. It is one of the most preferred choices to entrust your online transactions and transfers.
The platform supports payment through credit cards, PayPal credit payments, and direct PayPal payments. This end-to-end platform has a complete API infrastructure which easily relates to various shopping carts and online marketplace solutions.
One of the interesting features of the Payments Pro is phone based payments. It is quite comfortable for both small business owners as well as big leaders in the market.
Payments Pro accepts 26 currencies and is already in use on more than 200 markets. The payment gateway has multiple options and made PCI compliance easy. All payment credentials are guarded as the system adheres to the encryption standards.
The talech review has it that the secured online payment gateways feature the barcode for the products and orders transacted online.
• Integrated payment gateway
• No requirement of paypal account
• Quick mobile payments
• Streamlined process
#2 Amazon Payments
Amazon is one of the giants in the eCommerce marketplace. Just like PayPal, Amazon also streamlined a secured online gateway which is available for both shoppers and merchants.
Amazon Payments are encrypted and support 100% secured transaction which reassures safe and secured transaction. You don’t need multiple logins. It works with your Amazon account to complete the transactions. Your identity is immediately identified and you can complete a transaction in a fraction of seconds.
Amazon has developed this online payment gateway a comprehensive solution. It has a featured eCommerce Suite, which supports promotion, sales, and handling orders, products, and services with ease.
Amazon Payments support multiple currencies, operates in different languages, and support all international transactions.
• Priority to retail
• Guaranteed protection plan
• Strict protocols and robust security
• Available Worldwide
It is the most flexible payment solution suitable for all types of businesses. The objective of Authorize.Net is to streamline the transactions and payments with no hassles. The most comprehensive platform enables you to sell, manage, and handle payments both online and store transactions.
Authorize.Net receives payments from different websites and immediately remits the payments to the respective merchants quickly, without any hassles. The payment gateway supports all types of card payments and digital payment services.
C Store POS, convenient stores that have POS software for easy handling of transactions also use the Authoize.Net. It is one of the pioneers in the industry; Authorize.Net remains the most trusted payment gateway for the small and midsize businesses.
• Secured and affordable payment solution
• Online and store payment facility
• Virtual terminal for manual transactions
• 24/7 customer care support
• Free fraud prevention kit
This is an Indian payment gateway solution, available as the simplest online payment solution for the merchants and customers. The simplicity is the highlight of this system.
Online payment gateways have complex services. PayU evolved as the easy and hassle free payment processing option. It accepts multiple payment options including wallets, credit and debit cards, international cards, and netbanking.
OneTap payments’ is a recent breakthrough in the online payment gateways. PayU recently joined the list of providers who offer this facility. It ensures the highest level of safety and complies with the PCI standards for the protection of the transaction data.
• Integrated payment solution
• Multiple payment methods
• Customizable functionality
• Highly encrypted solution
An out of the box payment solution most needed in large scale transaction services. Adyen already earned a reputation as the best online payment gateway among the large scale businesses, which are used regularly by the everyday users. It supports the recurring transactions. Uber, Spotify, Netflix, Etsy etc are a few established merchants that harnessed the service of Ayden.
It works on a single platform and accepts the payment made from different platforms. It supports 250+ payment methods and accepts payments in 150 currencies. Adyen also support identification of the buyer behavior, which helps to tweak the merchant products/services respectively.
• A single platform
• 250+ reputed companies use Adyen
• Multiple payment options
• End to End functionality
• POS payments
• Handle large volume of transactions with ultimate security