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Best Payment Gateway Providers for Your Business

Discover the top 10 payment gateway providers for your business, including PayPal, Stripe, Square, and more.

Quick Summary


Choosing the best payment gateway for your online business is a crucial decision that can significantly impact your customer experience and profit margins. Payment gateways enable businesses to accept payments both online and in-person, and each provider offers unique features, pricing, and supported payment methods. This guide will help you navigate through the top payment gateway providers to find the ideal solution for your business needs and budget.

Key Takeaways

  • PayPal is known for its simplicity and wide acceptance, making it an excellent choice for businesses of all sizes.
  • Stripe offers robust features and flexibility, ideal for growing businesses and developers.
  • Square is perfect for mobile payments and provides a comprehensive point-of-sale system.
  • Shopify Payments is best suited for businesses already using the Shopify platform, offering seamless integration and competitive rates.
  • is a reliable option for businesses needing advanced fraud detection and security features.

1. PayPal

PayPal distinguishes itself through its unmatched versatility and global recognition. A payment solution that caters to a variety of business requirements, PayPal ensures secure transactions for both online and in-person sales. It’s easy to implement, with compatibility on all major ecommerce platforms, simplifying the process of connecting an online store to a PayPal Business account. This ease extends to financial services too, with applications for business loans, credit cards and debit cards.


  • Trusted, well-known name might make customers more likely to click buy
  • Extremely simple (for you and your customers)
  • Easy to set up and use
  • Many buyers have PayPal accounts
  • Customization options


  • Very confusing pricing structure
  • You'll need a PayPal account
  • You may need to talk to sales team
  • Relatively high transaction rate at 2.99% (+flat fee)
  • Phone/chat support


PayPal provides payment processing services for e-commerce vendors, auction sites and other commercial entities globally, and allows you to accept credit cards including Amex and Visa. It also offers easy cart integration, plentiful customization options, online invoicing, and facilitates credit card payments over the phone.

PayPal is one of the most widely used online payment platforms. Founded in 1998 as Cofinity, it lets you make and receive payments all over the world.

2. Stripe

Stripe is one of the most popular payment gateways, especially in the United States, and is primarily associated with mobile payments. It's designed with online businesses in mind, helping to take and process billions of dollars in transactions each year. Stripe's extensive features include subscription management, fraud prevention, customizable checkout, and seamless integration options, making it a popular choice for many businesses.

Key Features

  • Subscription billing features, such as invoicing and card-on-file payments.
  • Ability to create invoices, set up subscriptions, and process international payments.
  • Huge selection of APIs that allow you to customize your payment gateway to best suit your needs.


Pros & Cons


  • Developer-friendly payment solutions.
  • Easy integration with most websites and mobile apps.
  • Prebuilt checkout pages for low-tech options.


  • May require technical expertise for advanced customizations.
Stripe is a good choice for businesses with their own apps or existing websites wanting to integrate payment processing. It features developer-friendly payment solutions that plug into many different marketplaces and online payment solutions using application program interfaces (APIs).

3. Square

Square is most widely known for allowing merchants to more easily process card payments. Priding itself on enabling sellers of all kinds to grow their business, Square has expanded its offerings to include online payment services and business lending. Square has become a top competitor in the payments gateway market.

Key Features

  • Customer relationship tools to build customer loyalty
  • Employee management tools to track hours worked
  • Inventory management solutions
  • Advanced reporting to help manage your business


Best For

Square is best for businesses that want to take advantage of customer loyalty tools, which help create repeat business.

Square is a payment processing and point-of-sale (POS) platform used by businesses of all sizes, from brand-new startups to large multistore operations.

4. Shopify Payments

Shopify Payments is the default payment processor for Shopify stores, offering a range of subscription options for businesses of various sizes.

Key Features

  • No extra software required to process online payments
  • Competitive payment processing fees
  • PCI DSS compliant to protect sensitive financial data
  • Accept multiple payment methods, including credit cards, digital wallets, Shop Pay, buy now, pay later, and PayPal
  • Process international payments in your customer’s local currencies
  • Intuitive financial reporting tools baked into your Shopify dashboard
  • 24/7 customer support available


Shopify's payment processing fees differ depending on your plan. This varies between 2.9% and 2.4%, plus a 30¢ fee per transaction.


  • Take control of your cash flow with Shopify Payments
  • Track your orders and payments all in one place
  • Have a complete view of your finances
  • Accept local currencies and payment types for a smooth checkout experience


  • Only available to Shopify merchants
  • Extra fee for transactions made through third-party payment gateways for merchants that are not using Shopify Plus
Take control of your cash flow with Shopify Payments. Only with Shopify Payments can you track your orders and payments all in one place. Have a complete view of your finances, accept local currencies and payment types for a smooth checkout experience.

5. is a versatile payment gateway solution, best suited for businesses with more complex payment needs. Owned by Visa, it offers a wide range of services including point-of-sale, e-commerce, mobile, and phone payment options. Additionally, it supports billing, e-checks, and credit card readers, making it a comprehensive choice for various business models.

6. WorldPay

WorldPay is a UK-based payment service provider known for its extensive range of payment services for both online and in-store channels. WorldPay helps online merchants process international payments by connecting with a variety of global banks and partners. This capability makes it particularly suitable for merchants that process international payments, although it does come with higher transaction fees.

Overall, WorldPay is a reliable payment processing software that offers a wide range of options for businesses looking to accept payments from customers.

Pros of WorldPay’s Payment Gateway

  • Suitable for businesses of all sizes
  • Very customizable and flexible
  • Excellent security features, including OmniShield, to protect payment information
  • Accepts over 300 payment methods and multiple currencies
  • Connects with a variety of global banks and payment partners to process international payments
  • 24/7 customer support
  • No monthly subscription fee

Cons of WorldPay’s Payment Gateway

  • Higher transaction fees
  • Complex fee structure
  • Customer service can be inconsistent

7. Adyen

Adyen offers e-commerce companies a payment platform that includes gateway, risk management, and front-end processing services. Much like Braintree, Adyen is a full-stack gateway and counts prominent merchants like Microsoft and Spotify as clients. The company has attracted merchants with a single platform that can support payments in any channel over 250 local payment methods and 200 countries.

Pros of Adyen

  • Global Reach: Adyen supports payments in various currencies and countries, making it ideal for international businesses.
  • Omnichannel Selling: Adyen's tools connect your sales data, wherever you sell — including online, in person, and via app or marketplace.
  • No Monthly Fees: Adyen offers low prices and doesn’t have any monthly fees.
  • Risk Management: The platform includes tools to manage risk and track results.

Cons of Adyen

  • Complex Pricing Structure: The pricing structure can be complex, which might be a drawback for some businesses.


Adyen is a good choice for us as it is a global platform that supports both credit and PayPal payments.

8. 2Checkout

2Checkout is another payment provider that is commonly used by online merchants, not least because as well as one-off purchases, it's easy to set up subscriptions. This makes it especially useful for online businesses selling digital services such as web hosting or web design companies. It's also commonly available as a plugin for major ecommerce platforms, and can process a wide range of global currencies.

9. Braintree

Braintree, a PayPal-owned gateway, is a robust solution for mobile-centric merchants. It benefits from its access to the millions of PayPal sellers and has secured the business of some of the world’s largest digital merchants, such as Uber and Airbnb. Braintree provides developers with an SDK with multiple features, making it a versatile choice for businesses.

Payment Processing Fees

  • Swipe/tap/dip: 2.6% + $0.10
  • Key-in: 3.5% + $0.15
  • Online: 2.9% + $0.30

Monthly or Annual Fees

Braintree does not charge any monthly or annual fees, making it a cost-effective option for many businesses.

Digital Wallet Integrations

Braintree supports a variety of digital wallets, including PayPal, Venmo, Apple Pay, and Google Pay. This makes it an excellent choice for businesses looking to offer multiple payment options to their customers.

Braintree's strategic focus on mobile has made it a high-growth commerce channel.

Why Choose Braintree?

  1. No monthly or annual fees.
  2. Competitive payment processing rates.
  3. Extensive digital wallet integrations.
  4. Access to millions of PayPal sellers.
  5. Versatile SDK for developers.

10. Amazon Pay

Amazon Pay is a payment gateway that leverages Amazon's extensive infrastructure to provide a seamless payment experience for both merchants and customers. It supports payments on Amazon's own website as well as third-party merchant sites, making it a versatile option for e-commerce businesses.

Key Features

  • High Payment Volume: Amazon Pay benefits from the high payment volume on Amazon's platform, ensuring reliability and scalability.
  • Brand Strengthening: While it helps Amazon strengthen its brand, this can be a disadvantage for e-commerce merchants who compete against Amazon.
  • Wide Acceptance: Supports a variety of payment methods, making it easier for customers to complete their purchases.


Amazon Pay's pricing structure is competitive, with fees that are in line with other major payment gateways. Here is a quick overview:


Amazon Pay offers easy integration with various e-commerce platforms, allowing merchants to quickly set up and start accepting payments. The integration process is straightforward, with comprehensive documentation and support available.

Amazon Pay is an attractive proposition for third-party merchants looking to leverage Amazon's trusted brand and infrastructure.

Customer Experience

Amazon Pay provides a familiar and trusted checkout experience for customers, which can lead to higher conversion rates. The seamless integration with Amazon's ecosystem ensures that customers can use their existing Amazon accounts to make purchases, adding an extra layer of convenience.


Choosing the right payment gateway provider is crucial for the success of your business. It impacts not only your customer experience but also your bottom line due to varying transaction fees and features. By carefully considering factors such as cost, features, and supported payment methods, you can find a solution that meets your unique business needs. Whether you opt for a platform-specific gateway like Shopify Payments or a versatile option like PayPal or Stripe, the key is to ensure that the provider you choose aligns with your operational requirements and growth plans. We hope this guide has provided you with valuable insights to make an informed decision. Happy selling!

Frequently Asked Questions


The reason there are so many payment gateway providers is that each of them is adept for specific situations. Brick-and-mortar retailers and pizza shops have different requirements than a law firm or a dental implant manufacturer. So, when it comes down to picking your payment gateway provider, you need to consider your unique needs.

What are the key factors to consider when choosing a payment gateway?

To choose the best payment gateway for your business needs, it’s important to consider cost, features, and supported payment methods. Payment processing fees can quickly eat into your profit margins, so it's crucial to compare these along with the features offered by each provider.

Is Shopify Payments a good option for Shopify merchants?

If you’re already running your business on Shopify, the platform’s own payment gateway, Shopify Payments, is a no-brainer. There’s no need to find a third-party provider that connects with your store, nor compare payment processing fees. You can do it all in one place.

How do payment gateways handle security?

Payment gateways handle a critical task for your business, so it’s important to pick one that keeps your data and customer data secure. Many payment gateways comply with the Payment Card Industry Data Security Standard (PCI DSS) to protect your customer’s data.

Do payment gateway providers offer point-of-sale systems?

Many payment gateway providers also offer point-of-sale systems for in-person transactions, multiple-location support, and other related services. It's beneficial to find a payment gateway that can address all of your current and future payments needs.

Why is it important to choose the right payment gateway?

Choosing the right payment gateway is crucial because it affects your customer experience and your profit margins. When you take the time to pick the right payment gateway for your unique business needs, you can confidently move forward knowing each card payment will go through without any trouble. That’s a win for you and your customers.

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