March 20, 2023
Whether setting up an online start-up or running an offline store, you need safe and secure payment methods. Choosing the right payment gateway for your business can be confusing.
Fortunately, there are several options to choose from when it comes to e-commerce websites. This blog will discuss the 11 Best Payment Gateways in the UAE for Your E-commerce Website and some crucial factors to consider while selecting one.
If you’re looking for an efficient payment gateway that supports a variety of methods, then PayTabs is an excellent option. It offers different plans to suit other businesses and budgets and processes payments quickly.
The gateway also offers anti-fraud protection and can accept 168 currencies, making it suitable for international customers. Its user interface and customization features are also helpful for businesses that need to manage their online payments more effectively.
PayTabs also offers online invoicing for companies who sell through their websites and social media accounts, e-commerce plugins, and API solutions for merchants who want to integrate their e-commerce stores with PayTabs’ payment platform. The company’s social commerce platform, Paymes, enables micro-merchants and freelancers across the UAE and KSA to receive instant payments via social media links.
Stripe offers a quick and easy way to set up your e-commerce website and start accepting payments. It also provides many features and benefits, making it an excellent choice for many online businesses.
Founded in 2010, Stripe was designed to make accepting online credit cards more accessible. At the time, setting up an e-commerce website meant working with a legacy payment processor or a middleman broker that would provide you with access to a processor.
With the help of Stripe, you can accept payments in more than 135 currencies using its API infrastructure and display prices in the customer’s preferred currency. Stripe also supports universal and local payment types such as Alipay, Apple Pay, Amex Express Checkout, Google Pay, Masterpass by Mastercard, Visa Checkout, and more.
Shopify is a popular eCommerce development platform with many features that make it an excellent choice for businesses. It is also easy to use and can be used by anyone without coding skills.
Shopify allows users to sell products through websites, social media, online marketplaces, and brick-and-mortar locations. It is also PCI compliant and supports 3D Secure checkouts.
Moreover, it has an in-built shopping cart solution that makes it easy to sell your products. Its easy-to-use interface also helps you build brand recognition and boost sales.
Unlike most other payment gateways, Shopify has a payment processor called “Shopify Payments.” This payment processor eliminates the need to set up a third-party provider. This allows you to avoid paying extra transaction fees and saves you time.
A global leader in e-commerce payment gateways, CyberSource processes over $400 billion in online transactions yearly. It also provides fraud and security solutions that connect merchants and payment processors worldwide.
CyberSource is a leading e-commerce credit card payment system management company, acquired by and supported by Visa in 2010. It offers services that process online payments, streamline online fraud management, and simplify payment security.
Seventy-two percent of UAE in-store shoppers would use their smartphones to enhance their shopping experience, according to a 2022 Global Shopping Index: UAE Edition survey by PYMNTS and Visa Cybersource. ECommerce retailers need to meet this demand for mobile-centric shopping experiences.
CCAvenue is South Asia’s largest payment gateway that powers over 85% of eCommerce websites. It offers real-time, multi-currency online payment processing services for businesses in Hospitality, Online Retail, Education, and other major industry verticals.
Its sophisticated transaction processing boasts high success rates, fraud detection capabilities, and dynamic switching between banks to complete transactions and mobile payments. It also supports 27 major foreign currencies to help you expand your customer base abroad.
It is a trusted payment gateway in the UAE and has been widely adopted by web merchants. Its reliable, secure, and hassle-free system minimizes transaction risks and accelerates the influx of revenue.
PayPal is a payment platform that allows you to make online payments from your credit card or bank account. Businesses and individuals widely use this service throughout the UAE, and it’s an excellent option for e-commerce websites.
PayPal also offers a free invoice tool to create customized invoices and send them to your customers. This feature can be helpful for small businesses that need more resources to accept credit cards directly.
Another feature that PayPal provides is a currency conversion. This service is ideal for international transactions, as it allows you to receive payments in your home currency instead of your local currency.
CashU is the first and largest online payment solution provider in the Middle East and North Africa (MENA). It offers a secure platform for online payments and allows customers to make purchases from various countries.
It offers merchants several features and benefits, including a secure payment process, modern fraud prevention AML systems, and a free API for developers.
The payment gateway has an easy-to-use interface and can be integrated into major e-commerce platforms such as Magento, Shopify, and WooCommerce. It also has a flexible pricing plan and offers 24/7 customer support.
Amazon Payment Services (APS) is a reliable payment gateway service provider in the UAE. It offers easy integration, competitive pricing, and comprehensive fraud protection. They also provide 24/7 customer support through phone, email, and live chat. The gateway accepts credit and debit cards, online banking, and mobile wallets.
Known as Payfort before Amazon acquired it in 2020, Amazon Payment Services is one of the UAE’s most popular and reliable digital payment gateways. It is known for its security and modern anti-fraud AML system.
As a regional leader in digital payments, Amazon Payment Services processes transactions for thousands of businesses across multiple industries. Its expertise supports businesses at every scale, from small and medium enterprises (SMEs) looking to establish their online presence to large-scale enterprises requiring dependable payment services to safely handle high volumes of transactions.
The company recently launched: Imagine Payments, a thought leadership forum for merchants and anyone interested in digital payments to learn more about the industry. The platform includes roundtable discussions, webinars, and white paper releases.
Stripe is a robust payment gateway that helps business owners and developers accept credit cards and digital wallets online. This service encrypts card information and sends it to an acquiring bank that processes the transaction.
After that, the customer’s information is sent to the issuing bank, which approves or declines the transaction. The bank then exchanges funds with the business owner’s bank.
This platform offers various features that can help your e-commerce business grow and thrive. It also has a built-in dashboard that can help you monitor payments, refunds, and disputes.
However, Stripe does have some downsides that can affect your business. For example, it only works well for high-risk industries such as intellectual property and counterfeit goods companies. It can also take a lot of work to scale. You may also face chargeback fees if you process a fraudulent transaction.
PayPal Express Checkout is a payment gateway that can accept credit cards on your e-commerce website. It is a fast and convenient option for shoppers, as they don’t have to leave your site to pay.
This gateway also offers in-context payments, which can help you increase your conversion rates. It’s also easy to set up and integrate.
The payment gateway is available in over 190 countries, charging users 2.9% + 30C/ per transaction with no setup or termination fees. It’s an excellent choice for small and medium-sized businesses.