Best Payment Gateway Providers for eCommerce

Detailed Comparison of Top Payment Gateways

1. Payb: 

• Transaction Fees: 1.2% + 20p (Europe), 2.5% + 20p (non-Europe)
• Unique Benefits:
  • Transparent pricing with no minimum monthly transaction requirements
  • Next-day payments for quick fund access
  • Easy Pay-as-You-Go model with no long-term contract
  • Built-in 3D Secure and advanced fraud protection systems
• Suitable For: SMEs, eCommerce, subscriptions, high-risk businesses

Pros:

• Transparent fees with no hidden costs or monthly minimums
• Advanced security features to protect against fraud and chargebacks
• Easy setup without commitment to long-term contracts

2. Stripe:

• Transaction Fees: 1.4% + 20p (Europe), 2.9% + 20p (non-Europe)
• Unique Benefits:
  • Extensive integration options for customized setups
  • Advanced developer tools and API
• Suitable For: Tech-savvy businesses, eCommerce platforms, startups

Pros:

• Strong integration and API capabilities
• Trusted international brand

Cons:

• Higher fees on international transactions
• Delayed payment processing, which may impact cash flow

3. PayPal:

• Transaction Fees: 3.4% + 20p for businesses under £1500/month; 1.9% + 20p for larger volumes
• Unique Benefits: Well-known platform, easy to integrate with most e-commerce sites
• Suitable For: Small businesses, online stores, casual sellers

Pros:

• Instant brand recognition
• Easy for new users

Cons:

• Higher transaction fees compared to others
• Payment delays for large volume or high-risk businesses

4. Amazon Pay: 

• Transaction Fees: 3.4% + 20p for under £1500; 1.4% + 20p above £50,000
• Unique Benefits: Simple integration for Amazon sellers
• Suitable For: Existing Amazon sellers, eCommerce businesses

Pros:

• Recognized brand, especially in e-commerce
• Good for businesses targeting Amazon customers

Cons:

• Fees can be high for low-volume merchants
• 3-5 day payout period can limit cash flow

5. Worldpay: 

• Transaction Fees: 2.75% + 20p for Pay-as-You-Go; varies with volume
• Unique Benefits: Diverse product options for in-person and online payments
• Suitable For: Retailers, large enterprises with complex payment needs

Pros:

• Established brand with flexible payment options
• Comprehensive fraud protection

Cons:

• High fees for smaller businesses
• Complicated fee structure with additional monthly costs

6. Opayo by Elavon:

• Transaction Fees: £27/month for Flex Plan, variable rates
• Unique Benefits: Includes fraud screening tools at no extra charge
• Suitable For: Mid-sized businesses, retailers, service providers

Pros:

• Free fraud screening tool
• Well-suited for higher transaction volumes

Cons:

• Monthly fees may not be ideal for smaller businesses
• Payment delays depending on transaction volume

Pros and Cons Summary

Feature	Payb	Stripe	PayPal	Amazon Pay	Worldpay	Opayo by Elavon
Pros	Transparent rates, Next-day payments, No contract, Easy setup	Developer-friendly, International reach	Recognizable brand, Easy integration	Good for Amazon sellers, Trusted brand	Versatile product options, Established	Free fraud tools, Great for high-volume
Cons	Newer in market	Higher fees, Delayed payments	Higher fees, Payment delays	Fees for low volume	High fees for smaller businesses	Monthly fee, Payment delays

Why Payb Stands Out for E-commerce and Beyond

Payb is a comprehensive solution designed to meet the needs of small businesses, especially in e-commerce. With seamless integration into major platforms, Payb simplifies the payment process for online merchants. Payb team of seasoned professionals is ready to help integrate payments with any business setup, ensuring a smooth transition and reliable service. Key Features of Payb’s Payment Solutions:

• Comprehensive Range of Services:
  • Online Payments: Start accepting payments online in minutes. With fast setup, you can quickly begin taking secure payments.
  • Merchant Accounts: Access payments quickly and securely at any scale with Payb’s streamlined payment gateway.
  • Payment Gateway: Easy account creation and integration make it simple for merchants to get started, with sign-ups that only take minutes.
  • Virtual Payments: Accept virtual payments easily and securely, providing flexibility for customers who prefer online transactions.
  • Recurring Payments: Ensure ongoing revenue with Payb’s convenient recurring payment options.
  • App Payments: Accept payments through mobile apps to stay competitive with modern consumer preferences.
• Transparent, Affordable Rates:
  • Simple Pricing: Fixed costs, no setup fees, no transaction limits, and no hidden charges.
  • Faster Payments: With daily settlements, funds are accessible sooner, supporting business cash flow.
  • Quick Sign-Up: A straightforward setup means you can start processing payments without delays.
• Powerful Security and Chargeback Prevention:
  • 3D Secure: Enhanced verification to protect each transaction, reducing fraud risk.
  • Real-Time Fraud Detection: Robust fraud prevention tools safeguard both business and customer data.
  • Chargeback Prevention: Tools to minimize disputes, helping you keep revenue steady and secure.

Why Choose Payb for E-commerce and Small Business Needs?

• Best for E-commerce: With integration-ready support for platforms like WooCommerce, BigCommerce, Magento, PrestaShop, and Shopify, Payb is tailored to make online payments straightforward.
• Professional Integration Support: Our team specializes in setting up payment solutions that work seamlessly with any merchant facility.
• Transparent, Reliable Service: No monthly minimums or hidden fees, making it an ideal choice for small businesses and startups.
• User-Friendly Dashboard: Access a customer portal to monitor transactions, view insights, and optimize real-time customer experiences.