The Ultimate Guide to the Best Payment Methods for eCommerce Sites

The Ultimate Guide to the Best Payment Methods for eCommerce Sites

As an existing business owner or a budding entrepreneur, choosing a reliable payment method for eCommerce is crucial.   

Payment Methods for eCommerce Sites

With the new decade and the great pandemic bringing in an overwhelming technological revolution, an online store is soon going to be the most preferred way for retail buyers to acquire goods and services.

Nonetheless, finalizing a payment processing system for eCommerce sites is not as simple as creating a social media presence. In this article, we will break down this process for you and help you choose the best payment method for your eCommerce site.    

What is an eCommerce payment gateway?

An eCommerce payment gateway is essentially a company or service provider that processes electronic payments for another website, business, or online store. 

These are specialized companies who mainly do two things:

  1. To be the intermediary between you and your client that facilitates payments and cash transactions
  2. To make the overall process of closing a purchase transaction on your online store smooth, secure, and hassle-free.

Choosing an eCommerce payment gateway

Now that we know what a payment gateway is, the next step is to understand how to choose a payment gateway. While there are several payment methods for eCommerce sites in the market, all of these vary in terms of features and fees.

To make sure that you choose the payment gateway most appropriate for your business, below are some key tips that you, as an entrepreneur, should keep in mind before deploying an eCommerce payment gateway on your online store. These are: 

1. Brand reputation

Money is an essential commodity. Hence, when it comes to trusting an online payment source, people are exceedingly conscious. Users are often skeptical about where they are giving their financial details. 

Also, there is an increasing amount of phishing scams and cybercrimes. Thus, consumer faith in digital payment gateways is dwindling by the day.

To ensure your online store visitors convert into customers, you must be particular about the brand reputation and the market sentiment regarding the payment method you’re about to use. 


As mentioned above, a payment processing merchant has a very sensitive job. Hence, you should ensure that the company has employed all necessary safety standards and licenses required to safeguard the personal financial details of users. 

If there is a security lapse in the payment gateway, critical financial data of your clients can be exposed to illegal activities putting the credibility of your business in jeopardy.

For instance, compliance with the Payment Card Industry Data Security Standards (PCI DSS) is the most basic security standard that your chosen method should comply with. 

Further, some payment gateways, like PayPal and Google Pay. also apply a second or third layer of security to ensure sensitive data is safe. This is an added advantage.  

3. Ease Of Installation And Usage 

A payment page is the last stage of completion of the sale. Complicated payment pages may result in discouraging the customer and lead to cancellation of the transaction.

The chosen payment method should be easy to register, maintain, upgrade, and navigate Even by even the most non – tech-savvy users.

Another defining factor of a good payment system is one that accepts a variety of payment options from several different places —thus allowing you to have a wider consumer base. 

So far, PayPal is leading the market in this domain, with Google Pay and Amazon Pay slowly catching up. 

4. Customer Support

Even the most seamless system can never be 100% error-free. Software upgrades and new technology issues are sure to arise.

In this kind of situation, especially since it involves money from a third party, customer support should be readily available and easily accessible. Make sure to choose a payment method that offers good customer service. 

5. Processing Fees

You don’t want to put all that effort into converting visitors into sales and then hand over the entire amount to your payment partner as processing fees.

Hence, you must carefully read and understand the terms of the contract and ascertain the processing charges involved before deploying any payment method. 

Since this is one of the most important determining factors while selecting a payment method for an eCommerce site, we have explained the intricate details about processing fees and transaction costs in greater detail below.  

What Are eCommerce Transaction Costs?

eCommerce transaction cost or processing fee is the amount that a payment gateway provider or merchant charges every time a sale closes.

This is the fee that your payment gateway will charge you for rendering the payment processing services. Generally, it ranges from 1% – 6% of the transaction value.

For example, if a customer buys a commodity for $100 and the transaction cost charged by the payment gateway provider is 3%; a sum of $97 will be sent to you as sale proceeds, and $3 will be deposited to the payment gateway provider. 

It must be noted here, that transaction costs are not uniform across all platforms.

There are different types of processing fees charged by different payment gateways. Some examples of transaction costs that are involved in an online payment are:

  • Processing Fees:  Fees charged on each transaction. For example, one of the most famous eCommerce payment gateways, PayPal, charges a fixed amount of 30 cents plus a fee of 2.9% of the transaction amount for payment processes within the United States of America.
  • Installation and Registration Charges: Charges paid by the website owner for installing the payment gateway on the online store.
  • Fixed/ Per Item Fees: Fixed transaction fee or per item fee charged by the payment gateway instead of or sometimes added to the processing fee.
  • Credit/ Debit Card Fees: Service fees charged on debit/ credit transactions.
  • Fees charged for payments from other countries: Some, like PayPal, charges an additional service fee for payments that are received from outside the United States of America

What Are The Best eCommerce Credit Card Gateways?

Based on the key pointers above, below is a list of the best eCommerce payment gateways that you can use for your website and get those transactions going seamlessly.


  • Paypal:


Undoubtedly one of the most popular payment gateways in the market. PayPal is the most preferred payment gateway partner for most websites in the USA. 

The main reasons for this are the ease of operation and a  wide range of payment options available.  A hassle-free system of accepting and delivering international payments is an added advantage.

However, processing charges (approximately 2.9% per transaction) and other costs in PayPal are slightly towards the higher side compared to its competitors. 


  • Google Pay:


Google Pay, a digital wallet, is one of the most user-friendly and quick payment gateways available. With an almost instant deposit or withdrawal to the merchant’s bank account, this is one of the easiest payment methods for eCommerce sites to integrate with an online store. 


  • Amazon Pay:


Amazon Pay already has consumer trust and brand loyalty amongst users.  A simplified user interface, brilliant customer support, and relatively lesser transaction fees make it one of the most commercially viable and preferred payment methods for eCommerce sites.


  • Stripe:


Stripe is e second in popularity to  PayPal and is just as revered. It has a transaction fee similar to PayPal and a delightful interface that makes tracking payments and analytics easy. 

The major difference between Stripe and PayPal is in their reach and payment acceptance coverage. While Stripe accepts payments from only 25 countries in approximately 135 currencies. PayPal, on the other hand, accepts payments from over 125 countries but only in 25 currencies. 


  • Master Pass and Visa Checkout:


Master pass and Visa checkout are digital wallets and payment gateways targeted specifically at MasterCard and Visa customers. Fundamentally, these are more than half the credit card users in the world. Integrating these gateways in an eCommerce website is extremely simple. 

At the click of a button, they will provide you with a global consumer base of users. 

Complete List of 100+ eCommerce Payment Gateway:

AdYen Conekta HeidelPay Payex Shopify Pay
Afterpay Touch Cybermut IcePay Paylane Sisow
AliPay CyberPlus Ingenico PayMate Sogenactif
Alliedwallet CyberSource Instamojo Payment Express SPPlus
Allpago DIBS IWBank Paymorrow SquareUp
Apple Pay Digital River KeyClient Payoneer Stripe
Authorize.NET Docdata MangoPay PayPal TenPay
Avangate Dotpay MercadoPago PayPoint Tikkie
Azpay Dwolla Mercanet Paytrail Truemoney
BillDesk eCard Mollie PayU Trustpay
Bitpay econtext MultiSafepay Platron Venmo
Braintree Elavon Nets Quickpay Veritrans
Buckaroo Elys Net Nochex Rabo OmniKassa Verkkomaksut
Cardgate Ezidebit Ogone RatePAY Webaffaires
CartaSi FastSpring OpenPay RazorPay WebPay
Chase Paymentech Fiserv Realex Payments WePay
Checkout Finland Global Collect PagBrasil SafeCharge
Western Union
Cleverbridge Global Payment PagSeguro SaferPay Wirecard
ClickPay Global Payments SagePay WorldPay
CM-CIC GoPay Paybox Scellius Yunit
ConCardis GP WebPay Payconiq Securepay zipMoney


A business takes a lot of effort. From sourcing to sales, a successful and profitable enterprise is an owner’s labor of love. Thus, processing and receiving payments should be one of the top priorities in your entrepreneurial journey. 

The options for payment methods for eCommerce are many, but not each one may suit your business goals and target consumers.

Hence, it would help if you took the time to study each one of them before sealing the deal on the most fitting one. Carefully pondering over the factors mentioned above will help you decide on the most profitable payment method and get the ball rolling on your business goals. 

Search your .store domain NOW!


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