Top 10 Best Payment Gateways 2024

What Is a Payment Gateway?

The payment gateway emerges as a software application wielded by merchants to facilitate the acceptance of credit cards and various electronic payment modes. These gateways operate as formidable encryption systems, meticulously safeguarding sensitive information, including the sanctity of credit card numbers, during its transit from the customer to the merchant. Subsequently, this intricate web of gateways orchestrates the seamless transmission of transactional details, intricately routing the information to both the customer’s banking institution and the acquiring bank of the merchant (or the financial institution allied with the merchant to furnish credit card processing services).

The onus of authorizing the credit card transaction and overseeing the seamless transfer of funds from the customer’s account to the merchant’s account falls squarely on the shoulders of the payment gateway. It is customary for these gateways to levy charges, encompassing a monthly fee in addition to a fee per transaction. The nuanced dance of security, authorization, and financial orchestration underscores the multifaceted role played by payment gateways in electronic transactions.

10 Best Payment Gateways

1. Authorize.net: Best for fraud prevention

The primary objective of these solutions revolves around streamlining the payment process, and Authorize.net (affiliated with Visa) excels in achieving precisely that. Tailored to cater to businesses of all sizes, this platform, with its array of plans, equips you with the essential tools for selling items and facilitating online or in-person transactions at a physical store.

This solution empowers you to seamlessly accept payments from websites and promptly transfer funds to your merchant bank account. It boasts compatibility with all major credit cards, encompassing Visa, MasterCard, American Express, Discover, Diner’s Club, and JCB. Additionally, the platform aligns itself with digital payment services such as Apple Pay, PayPal, and Visa Checkout.

While the software facilitates transactions from global customers, it necessitates your business to be registered in the US, UK, Canada, Europe, or Australia to avail of its services.

Maximizing the benefits of Authorize.net is best achieved through the acquisition of a merchant account. The range of plans initiates with the Payment Gateway Only option, entailing no setup fee but comprising a monthly gateway fee, a per-transaction fee, and a daily batch fee. On the other end of the spectrum, enterprise solutions cater to larger business needs, offering customized pricing for their specific requirements.

Features:

• Electronic check processing
• In-store payment
• Digital terminal and bulk upload
• Mail/phone-based payments
• Repetitive billing
• Customer data management
• Synchronization for QuickBooks
• Sophisticated fraud detection suite

2. Shopify: Best for e-commerce startups

In addition to furnishing a payment gateway, Shopify stands as a renowned and all-encompassing e-commerce system, offering a comprehensive suite of tools essential for initiating online sales.

Unquestionably, for Shopify users, Shopify Payments emerges as the optimal choice, seamlessly integrating your payment gateway with your website tools. Notably, during our testing, we discovered the absence of transaction fees, a boon for SMEs, especially those engaged in selling high-value items surpassing £100.

However, opting for a departure from Shopify Payments and integrating a third-party payment gateway provider onto your Shopify website comes with transaction fees ranging from 0.5% to 2%.

For existing Shopify account holders, incorporating the Shopify Payments tool into the backend is a swift process. Simply navigate to “Settings,” select “Payments,” click on “Activate Shopify Payments,” and input the relevant information. This ensures a streamlined and efficient integration process.

Brick-and-mortar establishments, complemented by an online presence, will find Shopify Payments to be an excellent option. For merchants utilizing Shopify, it is advisable to employ its integrated Shopify Payments app for sales transactions. This method incurs zero transaction fees and seamlessly integrates with a variety of Shopify’s hardware, including the popular Shopify card reader, along with software options like Shopify POS.

Through Shopify POS, you gain the capability to conduct in-person transactions using a mobile device or tablet. It also facilitates the synchronization of inventory information between online and physical stores, a valuable feature for businesses involved in both online and offline sales. This synchronization provides a comprehensive overview of your operations, streamlining the management of your physical and digital storefronts from a centralized platform.

By amalgamating attractive templates, search engine optimization tools, and an in-house payment gateway, Shopify offers a user-friendly and cost-effective solution for small businesses aiming to broaden their sales channels.

Features:

• E-commerce Platform: Shopify functions as an all-encompassing e-commerce platform catering to businesses of all sizes.
• Online Store Creation: Users can effortlessly construct and personalize their online stores using Shopify’s user-friendly tools and templates.
• Payment Gateway Integration: Shopify facilitates the seamless integration of various payment gateways, enabling businesses to securely accept payments.
• Shopify Payments: Serving as an integrated payment solution, Shopify Payments streamlines transactions, ensuring a smooth user experience.
• Security Features: Shopify places a high priority on the security of online transactions and customer data, creating a protected environment for e-commerce.
• Responsive Customer Support: Shopify provides responsive customer support to aid users with any inquiries or challenges they may encounter.
• Tax Calculation: Automated tax calculation tools within Shopify assist businesses in efficiently managing and calculating taxes based on location and relevant regulations.

3. Stax: Best for high-value transaction

Established in 2014 and headquartered in Orlando, Florida, Stax by Fattmerchant transforms the landscape of merchant services by presenting 0% interchange fee markups, access to wholesale credit card processing rates, fixed monthly subscriptions devoid of contractual obligations, and cutting-edge proprietary technology.

Offering a diverse array of services, encompassing integrations into existing systems, e-commerce solutions, and online, mobile, and virtual terminals, Stax empowers business proprietors of varying sizes to seamlessly accept payments—whether in-person, over-the-phone, on-the-go, or through e-commerce—from any location through an intuitively designed platform.

Moreover, Stax’s software platform provides comprehensive data analytics, seamlessly integrating with popular business tools such as QuickBooks Online and Google My Business. This integration facilitates merchants in gaining valuable insights into the health of their business. The payment processing company collaborates individually with each customer to customize a payment option aligning with their specific business requirements.

Features:

• Expense Control
• Invoicing and Activation
• Capability Analysis
• Monitoring Demand

4. Payline Data: Best for subscription-based businesses

Based in Chicago, Payline Data functions as a versatile payment processor, adept at handling a wide array of transactions, including credit and debit cards, e-checks, and ACH transfers. Its cost-effective and transparent pricing structure empowers business owners to precisely calculate their payment processing fees, offering a user-friendly interface tailored to the preferences of small-business owners.

For e-commerce merchants, the indispensable component for online payment acceptance is a payment gateway. Payline Data offers an in-house solution seamlessly integrating with diverse e-commerce platforms and shopping carts, such as Shopify and BigCommerce. This adaptable tool allows users to accept credit, debit, and electronic payments, manage invoices, and establish recurring payments. Furthermore, Payline Data extends its functionality by providing an API, allowing developers to seamlessly integrate its payment system into various additional software products.

Features:

• Subscription Billing
• Payline Gateway
• ACH Payments
• Chargeback Prevention
• Fraud Protection
• Data Security
• Business Loans

5. Helcim: Best for high-volume sellers

Helcim, established in 2006 and headquartered in North America with offices in Calgary and Seattle, provides a variety of transaction-processing options. The company supports invoicing, recurring payments, and international credit card processing, seamlessly integrating with QuickBooks, WooCommerce, and Magento shopping carts.

Utilizing a transparent interchange-plus pricing model, Helcim ensures clarity for its merchants, revealing the amount paid above the interchange rates and credit card brand fees. Helcim’s built-in tools encompass point-of-sale, virtual terminals, and a proprietary Customer Relationship Management (CRM) system.

The combination of functionality, user-friendliness, and affordability positions Helcim as a comprehensive credit card processing solution suitable for a wide range of businesses. The company’s straightforward pricing model, ease of initiation with a quick registration and application process, and the absence of monthly fees or long-term contracts make it an attractive option. Stores can cancel their contract at any time without incurring early termination fees. Helcim’s services are easily accessible through the Helcim app, and for in-store transactions, the $109 Card Reader connects to smartphones, tablets, and PCs, eliminating the need for additional hardware.

Features:

• E-commerce platforms and food delivery services
• Personalized QR codes
• Recurring invoicing
• Invoice generation
• Regular subscription payments

6. Elavon: Best for integrating with existing point-of-sale (POS) systems

Elavon, an international payment processing firm, extends its services to more than 30 countries as a subsidiary of Bank of America. Ranked among the top five global payments providers, Elavon handles over 6.6 billion global transactions annually. Despite its significant size and influence, the necessity of obtaining quotes to determine prices and fees raises concerns about transparency.

Impressively, with over 30 years of experience, Elavon functions as a commercial service provider under the auspices of Bank of America, a major financial institution. Acknowledged as a leading credit card processing company, Elavon collaborates with businesses of all sizes, delivering hardware and software solutions for in-person, contactless, and online transactions.

Renowned as a widely embraced credit card processing solution, Elavon empowers business owners to accept credit card payments, broadening their customer base beyond those who prefer cash transactions. Upon enrollment with Elavon, businesses receive the necessary hardware for swiping or tapping credit cards, coupled with access to the commerce portal for tracking payments and generating reports.

Furthermore, Elavon provides the “WorksWith Elavon” platform, facilitating essential integrations with various business tools, including Microsoft Dynamics 365, WooCommerce, Sage 50, Wix, NCR Aloha, and Oracle NetSuite. These integrations play a pivotal role in enhancing overall business efficiency, spanning from managing customer contacts to completing the payment process.

Are you impressed with this Payment Gateway? Please let us know, okay?

Features:

• Financial Strength: Elavon is backed by U.S. Bank, providing credibility and financial stability to reassure business owners.
• Integration Flexibility: Elavon’s “WorksWith Elavon” platform allows seamless integration with key software, enhancing convenience for business owners.
• Secure Transactions: Elavon prioritizes data security with a layered approach, ensuring PCI compliance and protecting customer information.
• Global Presence: Operating in 36+ countries, Elavon stands out by enabling transactions on a global scale for businesses with an international footprint.

7. Square: Best for retailers

Square, a pioneer in mobile payments, differentiates itself by avoiding monthly recurring fees for most card processing services. When purchasing a Square register or terminal, you can purchase the entire hardware or choose a monthly payment plan until the device is paid for in full. However, for transactions, you only incur fees for each transaction.

For transactions using the card, whether made in-store or at a mobile location, the cost is 2.6% plus $0.10 per transaction. Online payments have a fee of 2.9% plus $0.30 per transaction, while locked transactions are charged at 3.5% plus $0.15. Square invoices, when sent to customers, are subject to a fee of 3.3% + $0.30 for related payments. Compared to other Payment Gateways, Square seems to have a bit of a high cost, right?

Impressive with its range of capabilities in business management, in addition to in-person and mobile payment services, Square has expanded its services to include payroll, banking, inventory management, operations restaurant, retail inventory, and a diverse range of software solutions suitable for almost any industry.

Features:

• Square POS: Free POS system with complimentary magstripe Square Reader.
• Square Appointments: Free for individuals; $50/month for 2-5 employees; $90/month for 6-10 employees.
• Square for Restaurants: Free version for unlimited devices; plans start at $60/location with transaction fees.
• Square for Retail: Free version available; plans start at $60 for the first location, and $40 for subsequent ones, with transaction fees.

8. Stripe: Best for customization

Stripe is a great choice for businesses that have their own existing app or website and want to seamlessly integrate payment processing. Providing developer-friendly solutions, Stripe makes it easy to integrate into a variety of online payment systems and marketplaces through its application program interface (API). If your app or website is optimized for Stripe, linking is as simple as copying and pasting the code from Stripe.

Stripe’s standard online payment processing service costs 2.9% plus $0.30 per payment and has no recurring fees. The deal is impressive for volume sellers, who can potentially qualify for discounts through personalized pricing plans.

Features:

• Mobile Customer Interface: A user-friendly interface designed for mobile devices to enhance customer interaction and experience.
• Multi-Currency Payouts: Capability to process payouts in multiple currencies, facilitating international transactions and payments.
• Clean Canvas: An uncluttered and easily navigable platform or interface, that provides a clear and organized workspace.
• Collaboration Notes: Features allowing users to add and share notes, enhancing collaboration and communication within the platform.
• Payment Options: Diverse methods are available for processing payments, ensuring flexibility for both businesses and customers.
• Embeddable Checkout: The ability to seamlessly integrate and embed a checkout system into various websites or applications.
• Authorization: Processes and features ensuring secure and authorized access to the platform or system.
• Custom UI Toolkit: Tools and resources that allow for the customization of the user interface, tailoring it to specific preferences and needs.
• Dispute Handling: Mechanisms in place to effectively manage and resolve disputes, ensuring fair and efficient conflict resolution.
• Open-Source Plugin: A plugin or module that is openly accessible and customizable, allowing users to modify and extend functionalities.
• Consolidated Reports: Comprehensive and centralized reporting tools that aggregate data for a clear overview of relevant information.
• Accounting Integrations: Seamless integration with accounting systems, streamlining financial processes and record-keeping.
• Unified Payout: A centralized system for processing and managing payouts, ensuring consistency and efficiency.
• Financial Reporting: Detailed and comprehensive reporting tools specifically focused on financial data and analytics.
• Roles and Permissions: Features defining and regulating user roles and permissions within the system, enhancing security and control.

9. Clover: Best for restaurants

Clover serves as the primary payment processing service that businesses can access directly and is also available through a variety of banking partners, including Citi, PNC, SunTrust, and Wells Fargo, among more than 3,000 institutions. financial position.

Designed specifically for small businesses with a single location, such as retailers and restaurants, Clover’s payment system requires a significant initial investment. While some businesses can start with no upfront costs, many others can incur costs ranging from $2,000 to $4,000. Monthly charges vary from $14.95 to $114.85.

Industry-specific payment fees apply, with most businesses paying 2.3% to 2.6%, plus $0.10 for card purchases, and 3.5%, plus $0.10 for cardless purchases. Depending on the features needed, these costs may be reasonable.

According to our research, certain businesses may be eligible to save up to $1,400 off the initial cost, which is especially beneficial for purchasing card processing hardware.

Features:

• Merchant Account: Clover provides a necessary merchant account for credit card payments through parent company Fiserv.
• Fast Processing: Swift transaction processing, even on the go, ensures efficient cash flow management.
• Reporting: Clover offers comprehensive reporting, including sales analytics, inventory tracking, and customer preferences.
• Payments: Accept EMV chip cards, contactless, and mobile wallet payments to meet customer expectations.
• Customer Management: Set up customer profiles, send emails, and create rewards programs for enhanced loyalty.
• Gift Cards: Unique custom gift card templates set Clover apart in payment processing.
• E-commerce: Clover serves as a one-stop shop with integrations for major e-commerce platforms and website management.
• Merchant Cash Advance: Clover provides a cash advance option, beneficial for businesses requiring a cash flow cushion.

10. PayPal: Best for versatile payment solutions

PayPal, considered a “heavyweight” competitor in many Payment Gateways with extensive experience in online payments, facilitates quick business registration and accepts online payments quickly and effectively. In addition to online services, PayPal offers mobile and in-person payment solutions and many other financial services.

For online card payments, the typical cost is For online card payments, the typical cost is $0.49 plus 3.49%..49 plus 3.49%. QR code payments offer reduced fees at 1.90% for transactions over or 2.40% for transactions or less, in addition to a QR code payments offer reduced fees at 1.90% for transactions over $10 or 2.40% for transactions $10 or less, in addition to a $0.49 fee..49 fee. Other qualifying “standard” card payments are subject to a fee of Other qualifying “standard” card payments are subject to a fee of $0.49 plus 2.99%..49 plus 2.99%.

The notable advantage of PayPal is that most businesses do not have to pay recurring monthly fees. In-person payments will be charged 2.70% for card present transactions or 3.50% plus In-person payments will be charged 2.70% for card present transactions or 3.50% plus $0.15 for keyed transactions..15 for keyed transactions. For those who want to avoid recurring fees, whether due to low card processing volume or other reasons, PayPal is a suitable choice.

Features:

• Shopping Carts: Choose between PayPal’s free customizable shopping cart or integrate with existing ones.
• Subscriptions/Recurring Payments: Easily set up recurring payments, ideal for membership sites.
• Donations: Streamlined PayPal button for simple donations.
• Accept Multiple Currencies: Enable payments in various currencies, including USD, AUD, CAD, GBP, JPY, and EUR.
• Real-Time Payment Notifications: Stay informed with instant notifications for received payments.
• Test Transactions: Conduct test transactions in a controlled environment for assurance.
• Credit Cards Accepted: Buyers can use credit cards without requiring a PayPal account, saving on merchant account hassles.
• Customized Payment Pages: Personalize payment pages with your website’s colors and logos.
• Invoicing: Send detailed email invoices, and create up to 10 customized invoices using PayPal templates.
• Refunds: Offer full or partial refunds within a 60-day window.
• Integrated Shipping: Generate packing slips with integrated shipping and delivery tracking.
• Order Updates and Notifications: Automatically send updates and status notifications for orders.
• Mass Pay: Facilitate payments to large groups, such as affiliates.
• Auto Return: Redirect buyers to a specified URL on your website post-purchase for confirmation or thank-you pages.

How To Choose the Best Payment Gateway

For businesses that want to accept credit card payments online, payment gateways are indispensable. This technology facilitates the circulation of financial data, authorization of payments, and transfer of funds from customers to merchants. When choosing the optimal payment gateway, it is important to take into account factors such as price and fees, integration, security, and other considerations. Please follow us to choose the right Payment Gateway for you.

Pricing & Fees

Cost considerations for payment gateways include both registration fees and payment processing fees. The subscription fee represents the monthly fee imposed by the payment gateway, while the payment processing fee is a fee imposed per transaction. Some payment gateways waive the monthly fee but charge higher transaction fees in return.

Typically, subscription fees range from $25 to $50 per month, while payment processing fees range from 2.9% plus 30 cents per transaction. Deviations from these norms often indicate differences in characteristics.

When evaluating prices, you should pay attention to the following:

• Free trial available
• Existence of setup fees
• The presence of hidden fees
• Minimum monthly fee
• Reimbursement fee
• Refund fee
• International transaction fees

Types of Payment Gateways

We classify three main types of payment gateways:

1. Redirect:
   In this type, the payment gateway directs the customer to a payment processor, such as PayPal or Stripe, to complete the transaction.
2. Hosted (Off-site payments):
   Customers make purchases on your website or at your retail location, and payment information is sent to the payment provider’s server for processing. This is the operating model of systems like Stripe and Square POS.
3. Self-Hosting (Pay onsite):
   In this type, the entire transaction takes place on your server, providing a more localized and closed method of payment processing.

Security

When selecting a payment gateway, prioritize security as a primary concern. It is crucial to ensure that the gateway employs the latest encryption technology to safeguard your customers’ credit card information from potential theft.

Additionally, the payment gateway should adhere to PCI compliance. This entails following the Payment Card Industry Data Security Standard (PCI DSS), a set of security standards mandated for all businesses engaged in processing credit card payments.

Integrations & Customizations

Ensure that your payment gateway can seamlessly integrate with your shopping cart, accounting software, and any other essential business software. This integration facilitates automated accounting processes, ultimately saving you time.

Additionally, evaluate whether the payment gateway provides customization options. For instance, you might want the flexibility to add a logo or modify the color scheme of the payment page. While this can often be achieved through an API, not every gateway extends this customization option.

Payment Methods

Another factor to consider is the range of payment methods supported by the selected gateway. Beyond credit cards, you might desire the capability to accept payments through platforms like PayPal, Venmo, ACH, or eCheck. Additionally, providing customers with the option to pay through invoices could be a valuable feature to consider.

On-site or Off-site Transactions

Please note, that certain payment gateways allow transaction processing directly on your website, while others require redirecting customers to a separate page to enter credit card information.

Choosing an on-premises payment solution is necessary if you want to process transactions directly on your website. However, if it’s acceptable to redirect customers to a separate page to enter credit card information, you have the flexibility to choose an on-site or off-site portal.

How Do Payment Gateways Work?

The payment gateway involves the following key participants:

1. Seller: Refers to the business or individual conducting the sale.
2. Cardholder: Represents the customer making the purchase.
3. Issuing Bank: The financial institution responsible for holding the customer’s account, whether it’s a credit card or a checking account linked to a debit card.
4. Card Program: Managed by credit card companies like Visa, Mastercard, or American Express, overseeing the cards.
5. Acquiring Bank: The financial institution responsible for holding the seller’s account.

Payment gateways play a crucial role in facilitating secure online transactions by encrypting sensitive information, such as credit card numbers. This encryption ensures the secure transmission of data between the customer, the merchant, and the bank or payment processor.

Payment Gateway vs. Payment Processor

The term “payment gateway” is often confused with “payment processor” and “payment service provider”, but they represent separate entities.

Payment processors facilitate the transfer of information between issuing and acquiring banks, facilitating the transfer of funds to your merchant account. However, to communicate between different components and authorize transactions, it must rely on payment gateways.

In contrast, a payment service provider, such as PayPal, includes a payment processor, payment gateway, merchant account, and often additional features to manage all aspects of the transaction. pandemic.

Which Payment Gateway Provider Is Right for Me?

Countless payment gateway providers exist as each is suited to specific situations. The needs of traditional retailers and fast food restaurants are different from the needs of a real estate company or medical device manufacturer. Therefore, when choosing a payment gateway provider, it is important to evaluate your individual requirements. Below are some common questions to consider when making this decision.

How Do Your Customers Prefer to Pay for Goods or Services?

Customers have varying preferences, with some favoring credit cards while others opt for digital wallets. The preferred payment method should be a determining factor in selecting a service. Additionally, certain providers may offer superior pricing, features, or services, or even a combination of all three, to support the payment preferences of your customers.

Where Do Your Customers Prefer to Shop?

Rates for in-person and online payments differ, just as the costs for processing one credit card may vary from another. If your sales are predominantly in one realm over another, a specific provider might impact your margins less than another. Apart from pricing, certain payment gateway providers may excel in offering enhanced features and services tailored for handling payments in specific dimensions.

What Is Your Monthly Sales Volume?

The monthly sales volume, encompassing both the total number of transactions and dollar value, stands as a significant consideration for any business when choosing a payment gateway. Businesses with higher volumes may find an advantage in plans featuring a higher monthly fee but lower rates per transaction. Conversely, businesses with lower volumes might be more suited to paying a higher per-transaction fee without incurring a monthly fee.

Frequently Asked Questions (FAQs)

1, What is the best payment gateway?

Authorize.net, Stax, and Payline data provide convenient solutions for accepting payments, supporting fast payment processing, and reducing the risk of fraudulent transactions. Authorize.net stands out for its top fraud prevention measures, Stax is especially suitable for high-value transactions, and Payment Flow Data proves to be a great choice for subscription-based businesses. Please consider carefully when choosing the right Payment Gateway for your business!

2. What is a multicurrency payment gateway?

A multi-currency payment gateway allows you to accept payments in different currencies and receive funds in your local currency. It is very useful for multinational businesses that want to accept payments from customers around the world.

3. How do I add a payment gateway to my website?

Begin by choosing a payment gateway provider. Afterward, sign up for a merchant account and acquire your API key. Subsequently, integrate the provided code into your website. Certain payment portals, like Braintree, offer a simple drop-in solution, allowing easy addition of payment processing with just a few lines of code. However, others, such as Stripe, may entail a bit more development work.

4. How does a payment gateway work?

A payment gateway serves as a secure portal that enables businesses to process payments by verifying the authenticity of the card and ensuring sufficient funds to cover the purchase. It integrates with your shopping cart or content management system (CMS) and securely transmits customer information to the payment processor. Subsequently, the payment gateway transfers the payment to the merchant’s account.

5. How to choose the best payment gateways for you?

Selecting the optimal payment gateway for your business hinges largely on its size. Smaller outlets or sole traders may not require a robust payment gateway setup, especially considering the flexibility and convenience offered by PayPal.

Offering the convenience of card payments is crucial for most businesses, and customers expect this option. Look for payment gateways that provide simplicity, value for money, and the capability to link to POS systems, while also offering integration into your accounting software.

Simultaneously, pay attention to the terms and conditions, as highlighted in our introduction. Fees can vary significantly among payment gateways, so factor this into your cost considerations. Processing and interchange fees can accumulate, so ensure to account for these.

For businesses anticipating higher sales volumes, opting for more advanced packages may be necessary, even though these typically come with a higher price tag.

6. How we test the best payment gateways

When evaluating payment gateways, our focus is always on identifying systems that help streamline business operations. It is important that any package is suitable for the specific type and size of the business it is aimed at. Therefore, some of the payment gateway options introduced are better suited to smaller stores with lower sales volumes.

Conversely, if your business involves processing significant volumes of credit card payments, you’ll need one of the more powerful options outlined in this guide. We aim to achieve a realistic balance between the system’s suitability for the target business market and a thorough comparison of the costs and fees involved.

Businesses look for good value and our testing ensures that each system delivers essential features without incurring unnecessary costs for unwanted functionality that may never be used. use. Our buying guide helps streamline your search by presenting the strengths and weaknesses of each major player.

7. Do I need a payment gateway?

While not obligatory, payment portals are widely adopted by most businesses due to the decreasing prevalence of cash transactions. Without the capability to process credit card payments, your business is likely to miss out on potential sales.

8. Can I build my own payment gateway?

Yes, it is possible to develop a custom, self-hosted payment gateway on your own servers. This approach grants you full control over the customer experience throughout a transaction, and it places the responsibility for security squarely on your shoulders rather than relying on a third-party payment provider.