You’re ready to start selling online. Good for you! But before you can start taking payments, you need to choose a payment gateway. Most important before this you should get the best E-commerce Solution.
A payment gateway is a secure system that processes payments for your e-commerce website. It’s an essential part of any online business, and there are plenty of them to choose from. We’ve compiled a list of the 7 best payment gateways in the UAE. This includes both local and international providers, so there’s something for everyone. So take a look and pick the one that’s right for you and scale your business to the next level!
What is Payment Gateway?
When it comes to setting up an ecommerce website, payment gateways are one of the most important elements you’ll need to consider. After all, this is how your customers will pay for the products and services they buy from you.
So which payment gateways are the best in the UAE? Here’s a list of 11 of the most popular options, along with a brief overview of what each one offers.
What are the Best Payment Gateways in UAE
There are many payment gateways in the UAE, but not all of them are good for your e-commerce website. Here is a list of the best payment gateways in UAE:
- Telr:- Before changing its name to Telr, Innovative Payments was a well-known UAE payment processor. Telr provides its services to clients in underdeveloped countries from its bases in Dubai and Singapore. More than a hundred and twenty countries can be reached with the service. Visiting the Telr website is the first step in creating an account. Initiation costs are waived. Woocommerce, OpenCart, PrestaShop, Shopify, and Magento all work with the payment processor. Telr accepts Visa, MasterCard, American Express, Net Banking (from Indian banks), and SADAD as methods of payment (Saudi Arabian banks).
- CashU:- When it comes to online payment options in the Middle East, CashU was one of the first. Originally catering just to clients in the UAE, it has quickly become one of the most sought-after options across the pond. Recognized for its strict anti-money-laundering policies, it enjoys a stellar reputation for safety. Also, there is zero chance of chargeback with every transaction made through CashU.
You will, however, need to pay a setup charge and security deposit in order to use CashU. Sales volume is used to calculate the annual fee. - Checkout:- Payments can be made quickly and easily with Checkout, a widely used worldwide payment gateway. It includes a number of flexible options that can be tailored to meet the needs of a certain market and yield actionable data. Checkout is currently one of the most widely adopted UAE payment gateway options. The British product is well praised for its intuitive interface, tried-and-true methods of payment integration, and quick installation. There is a fee of 0.75 percent to 2.75 percent of the amount transacted.
- 2Checkout:- It accepts payments from customers all across the world, 2Checkout has earned a reputation as a global payment gateway. Eight different payment methods, 15 different languages, and 87 different currencies are all supported by the answer.
- CCAvenue:- Indian-based payment gateway CCAvenue. It’s one of the most popular sites in the UAE right now. It is well-known for offering adaptable price plans that work for companies of all sizes. The monthly platform maintenance price averages roughly AED 200, and there is no initial setup fee. While CCAvenue’s prices are higher, the company’s free features, such as 24/7 phone assistance and fraud detection, make up for the difference. Expenses are capped at 3% per monetary deal.
- Cybersource:- Cybersource is VISA’s worldwide division that processes payments. The platform serves as a resource for people in over 190 nations worldwide. In most cases, this is because it is compatible with many electronic wallets and payment systems. Cybersource, which was founded in 1994, has expanded around the globe thanks to its cutting-edge services and innovative e-commerce strategies. Since it is a Visa product, you know that your financial data is safe.
- Amazon Payment Services:- In UAE, Amazon Payment Services, formerly known as Payfort, is a widely utilised payment processor. Payfort was purchased by Amazon in Q4 2020. It has been said that using Amazon Payment Services eliminates any transaction risks because of how dependable it is. The platform’s adaptation to Arab shopping customs has made it a hit with up-and-coming business owners in the UAE.
What are the benefits of Using Payment Gateways for E-Commerce Websites?
When it comes to setting up your e-commerce website, you have a range of payment options to choose from. But what are the benefits of using a payment gateway?
Here are some of the advantages:-
- A payment gateway provides a secure and reliable way to process payments.
- It helps reduce the risk of fraud, as buyers are protected by authentication and verification processes.
- It speeds up the checkout process for buyers, as they can securely store their payment information with the payment gateway.
- It offers a wide range of payment options, including credit cards, debit cards, PayPal and other online payment methods.
So if you’re looking for a secure and convenient way to process payments for your e-commerce website, a payment gateway is the best option.
Compare Different Features of Each Payment Gateway
Once you’ve narrowed down your list of potential payment gateways, the next step is to investigate each of them further. Make sure to compare the features each gateway offers, including their fees, security, and user experience.
Think about the fact that a smooth checkout process can determine whether or not your customer completes the purchase. All of the payment gateways on our list offer a secure integration with your e-commerce website. They also have features for recurring payments and automatic refunds if needed.
Keep an eye out for fixed rate fees versus percentage rate fees when comparing payment gateways. The fixed rates are great for those with high value transactions due to their reduced cost per transaction. If you’re dealing mostly with small transactions, then a percentage fee may be better suited for your needs as it’s calculated as a smaller portion of the total bill.
How to Choose a Payment Gateway for Your E-Commerce Business?
Choosing the right payment gateway can be a confusing task. You need to take into account several factors, such as cost, speed of payment processing, scalability, fraud protection, ease of integration and customer experience. To make sure you choose the best payment gateway for your e-commerce business in the UAE, here are a few things to consider:
- Fees: Different payment gateways have different fees for processing payments. Make sure you understand the fees associated with each payment gateway before making your decision.
- Payment Options: Different payment gateways offer different types of payments. For example, some may offer credit card payments, while others may only offer online banking transfers. Be sure to check out all the options available before making your decision.
- Security: The security of your customers’ information is paramount when choosing a payment gateway. Make sure the payment gateway you choose has strong security measures in place to protect your customers’ information from fraudsters and hackers.
- Ease of Integration: Make sure the payment gateway you choose is easy to integrate into your website or shopping cart software. This can save you time and effort when setting up your shop.
Businesses can create their own payment gateway with the help of organisations like Daiyra.
Conclusion:- So there you have it, our list of the best payment gateways in the UAE. All of these gateways are perfect for e-commerce websites, and they all offer a wide range of