Top 10 International Payment Gateways in 2023

One of the important goals for any business is to maintain monthly income and liquidity. Especially for global businesses, adoption an international payment gateway or a provider specializing in cross-border transactions becomes imperative. These gateways are vital for enterprises global clientele as they ensure secure and seamless transactions, enabling customers to make payments in their local currencies. 

However, given the multitude of available options, selecting the right international payment gateway provider can pose a challenge. To address this, 9Pay introduces you to 10 international payment gateways available on the market so you can easily make a decision.

1. What is The International Payments Gateway?

An international payment gateway is a digital platform designed to securely transfer funds, allowing customers to make payments to merchants or transfer funds between accounts, even when dealing with different currencies. This online service is essential for facilitating international commerce, providing businesses and individuals with a seamless mechanism for handling cross-border payments.

Additionally, the gateway plays a pivotal role in currency conversion, ensuring that merchants receive payments in their preferred currency, contributing to a more streamlined and accessible global transaction process.

These gateways are crucial for businesses engaged in global trade, e-commerce, and other international activities, allowing them to expand their customer base and streamline the process of sending and receiving payments across borders. Various financial institutions, payment service providers, and FinTech companies may offer International Payments Gateway services.

2. Best 10 Payment Gateways for International Payments

According to 9Pay's most recent update, here are ten popular payment gateways known for facilitating international payments:

2.1. Paypal

PayPal is a reputable and globally recognized international payment gateway. It offers a user-friendly interface, supports multiple payment methods and currencies, is widely used, and easily integrates with e-commerce platforms.

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2.2. Stripe

Unlike many other providers of international payment gateways, Stripe stands out by offering a variety of APIs, granting users full control and seamless integration of their new payment gateway into their online stores. With support for over 135 currencies and extensive coverage of local payments, Stripe is an attractive choice for online stores and eCommerce businesses seeking swift payment processing. 

It's important to note, however, that Stripe exclusively accepts card payments and does not provide consumers with local payment method options. While card payments are widespread, they come with high failure rates and substantial transaction fees, making them less suitable for every business scenario.

2.3. Worldpay

Worldpay is a global payment gateway offering a range of payment solutions for businesses with diverse payment options encompassing card payments, e-wallets, and mobile payments. It supports international transactions and provides a secure platform.

Its strengths lie in its reputation for reliability, robust security measures, and extensive global accessibility. However, certain drawbacks should be considered, such as the relatively high fees associated with specific transactions and the potentially intricate integration process that some businesses may encounter.

2.4. Square

Square is known for its user-friendly point-of-sale solutions, and it also offers online payment services.

Its advantages include user-friendly features, rapid transaction processing, and seamless integration with e-commerce platforms. Square emerges as one of the top choices among payment gateway providers, particularly well-suited for the needs of small and medium-sized businesses.

2.5. 2Checkout

2Checkout payment gateway, also known as '2CO', now part of Verifone, stands out as a flexible payment gateway that offers various payment methods such as credit and debit cards, PayPal and wallets. electronic. 2Checkout's advantages lie in its global accessibility, seamless integration, simple processes, and strong security measures.

However, the biggest disadvantage of this payment method is the relatively high payment fee for each transaction.

2.6. Amazon Pay

Amazon Pay is an international payment gateway that allows customers to use their Amazon accounts to make purchases on third-party websites.

It offers a streamlined payment process, supporting multiple payment methods, including credit and debit cards. In addition, it also provides multi-currency payments, which is the perfect platform for your business to expand internationally.

2.7. Adyen

Adyen is a global payment processing solutions provider serving international businesses. This international online payment gateway allows you to accept a variety of payment methods, giving your customers great online shopping experiences.

Costs are calculated based on transaction volume and vary by region.

2.8. Braintree

Owned by PayPal, Braintree is an online payments company that provides mobile and web-based payment services for the e-commerce segment. It provides a simple integration process and supports various payment methods.

It supports payments in more than 45 countries/regions, this payment gateway is one of the great options for businesses looking to expand into the international market.

2.9. Authorize.net

Authorize.net, founded in 1996, is a payment gateway service provider headquartered in the United States. It supports international payments and provides customizable solutions for various business types.

However, the limitation of the Authorize.net payment gateway is that it can only help businesses based in the UK, US, Canada, Australia and Europe accept international payments, which means you will You must look for another solution if your business does not determine to do business in the above markets.

2.10. Skrill

Skrill (formerly known as Moneybookers) is part of Paysafe Limited, a global payments platform. Skrill Limited is a business specializing in international payment services, transferring and receiving money via the internet, with the competitive advantage of low international money transfer fees.

It supports more than 40 different currencies such as USD, EUR... and a variety of payment options such as visa cards, mastercards, credit cards, peer-to-peer transactions...

3. Benefits of Online Payments for Your Business

3.1. Customer Satisfaction

Using an online Payment Gateway for your business will give customers the convenience of making purchases or payments from anywhere, anytime without being bound by physical location or business hours.

Enable your business to reach a wider audience by accepting payments from customers around the world. Online payment options break down geographical barriers and open up international markets. Another advantage is that things are delivered faster because online payments are processed faster than physical payments.

3.2. Simple process, Safe, Secure

Implement secure payment gateways and encryption protocols to protect sensitive customer information. Online payment systems often incorporate advanced security measures, reducing the risk of fraud and unauthorized access.

3.3. Faster Transactions

Online payments are processed much faster than traditional methods like checks or manual bank transfers. This speed accelerates transaction processing and order fulfillment, leading to improved customer satisfaction.

3.4. Diverse Payment Methods

Provide customers with various payment options, such as credit cards, e-wallets, or bank transfers. Diverse payment methods accommodate different customer preferences and increase the likelihood of completed transactions.

3.5. Data Insights

Online payment systems often come with analytics tools that provide valuable insights into customer behavior, purchasing patterns, and other data. This information can inform strategic decision-making and marketing efforts.

In summary, integrating online payment solutions into your business operations can lead to increased efficiency, broader market reach, and improved customer satisfaction, contributing to the overall success and competitiveness of your enterprise.

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