Ahead of the launch of XPay.com we have been investigating the market. Who are the top payment gateways?
Cashless economies are now becoming mainstream. Simple and easy payment methods are now available in almost all countries. This is why most of the online marketers are now ready for a new start in drop shipping and payments.|
Here are the Top 8 payment gateways:
- Google Checkout
- Apple Pay
PayPal is currently available in 203 countries, Stripe in 25, 2Checkout in 87, Authorize in 33, Skrill in 40, Google Checkout in 24 and Apple Pay in 24.
PayPal is the most commonly used payment gateway for ecommerce stores globally. 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 you will need a business PayPal account.
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 also.
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.
Authorize.net is currently available in more than 33 countries. It is one of the oldest and most trusted payment gateways available for credit card users. It also features multiple extensions for easy integration with WooCommerce stores. Authorize.net also has the lowest transaction fee or 2.90 + $0.30 for ecommerce and dropshipping stores.
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.
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.
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.
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.
We are now seeing several companies adapting to Crypto Currencies such as Bitcoin, Bitcoin Cash, Litecoin and more!