If you own an online business or want to take credit card payments on your website, you must use a payment gateway provider. This service employs the method for reading and transferring payment information from a customer’s bank account to a merchant’s bank account. Due to the number of payment gateways in Bangladesh, it might be difficult to select the best service provider for you. That is why we have created this article to assist you in identifying the top ten payment gateways in Bangladesh.
Importance of Using Payment Gateways
Payment gateway systems may be thought of as the digital version of credit card processors seen in online retailers. Payment gateways are so important in online retail contexts. When selecting a payment gateway, consider if it provides consistent and easy transactions, adheres to quality standards and policies, and secures critical information to combat payment processing fraud.
A payment gateway is used to authorize transactions between you and your customers. As an example, if you have an eCommerce site, which implies you’re accepting payments online, you need to have a payment gateway. This is the most effective method of accepting credit cards over the Internet.
“Card-not-present” transactions are those that are processed through a payment gateway. The credit card information entered by the client is what the merchant possesses. The merchant does not have access to the client’s credit card.
The payment gateway’s principal function is to facilitate transactions between you and your customers. You should note that without the permission of a payment gateway, the transaction will fail and you will not receive the funds.
A payment processor analyzes and transmits transaction data. Payment gateways confirm the transfer of payments between buyers and sellers.
Top 10 Best Payment Gateways in Bangladesh
You will find all the detailed information about the top 10 best payment gateways in Bangladesh in the points mentioned below-
SSLCOMMERZ is the largest payment gateway aggregator in Bangladesh and a pioneer in the FinTech industry since 2010. We empower over 3500+ businesses by offering the best-in-class digital payment solutions which enable them to extend their businesses across mobile and web platforms. The platform includes extra tools that make payment gateway integration simpler and less complicated for its clients. They accept the following currencies: BDT, EUR, GBP, AUD, USD, and CAD.
PortWallet is a payment gateway that allows merchants to expand their businesses online. Your customers will be able to buy products online with ease and security. Payments can be made with a local and international debit or credit cards. PortWallet is built for developers, creators, and customers. They maintain international standards for safety and have the best user experience with the fewest steps to complete a transaction.
PortWallet offers an API for easy connectivity for merchants. Merchants can leverage new features without any modification to the existing code. These two unique features allow a reliable and cost-effective solution for payment gateway connectivity.
AamarPay was founded by A M Ishtiaque Sarwar, A visionary Tech Entrepreneur & Managing Director of Soft Tech Innovation Ltd. “AamarPay aims to revolutionize money management for online businesses by providing clean, developer-friendly APIs and hassle-free integration. They offer a fast, affordable and secure way for merchants, schools, e-commerce, and other companies to accept and disburse payments online. They also aim to provide the best B2C super app experience through flagship products.
ShurjoPay is an online payment gateway that may assist your website in securely collecting online payments from clients. Bangladesh Bank has granted its PSO license. Without a doubt, this is a universal payment method that can be used by both commercial merchants and consumers. People enjoy it because of its strict privacy policies and affordable charges. Since there is no risk of third-party integration, it is one of the finest online payment gateways.
BttPay is a leading payment technology company that enables businesses to accept payments online, from startups to the largest global enterprises.
Their services are engineered from the ground up to be secure and to protect cardholder and merchant data from internet fraud. They have innovative and effective anti-fraud tools that are certified at the highest level with the Payments Cards Industry Security Standards Council (PCI DSS Level 1).
They can advise businesses on how to obtain internet merchant accounts with the most appropriate institution and begin selling online as quickly as possible.
Paddle is a complete payment infrastructure provider for software companies. Paddle offers SaaS companies(hosts applications and provides them to the customers) a completely different approach to their payments infrastructure. Instead of assembling and maintaining a complex stack of payments-related apps and services, they are a merchant of record for their customers, taking away 100% of the pain of payment fragmentation. It’s faster, safer, simpler, and above all, way better.
Stripe is one of the most popular payment gateways for businesses globally. They provide simple API integration tailored to specific business requirements. They support more than 135 currencies all over the world. They get 250M+ API requests per day, peaking at 13000 requests per second. Their market integrations are-E-commerce, Enterprise, and Mobile Integration.
2Checkout is a worldwide payment gateway system that operates in over 180 countries. It has been in business since 2006 and has served over 20,000 people. 2Checkout offers modular and customizable payment solutions based on the needs of the business, as well as infrastructure that makes it simpler for enterprises to communicate with overseas clients. They back currencies from all major countries.
WalletMix is a B2B service provider that works with a variety of organizations and institutions. This company is based in Dhaka, Bangladesh. Walletmix Limited provides Payment Gateway, OTA Software, Software Development, App Development, Web Development, ISP Billing Software, and Bulk SMS for their clients. Their market integration includes shopping cart integration. They have gathered the best designers, domain experts, and stellar technical engineers to help Banks and Financial technology companies become digital champions.
Authorize.net helps makes it simple to accept electronic and credit card payments in person, online, or over the phone. You can get solutions that will work for your business and let you focus on what you love best. They are working with merchants and small businesses since 1996. As a leading payment gateway, Authorize.net is trusted by more than 430,000 merchants, handling more than 1 billion transactions and $149 billion in payments every year.
People apparently use the internet for shopping now that they utilize it more than ever before. That is why we have compiled a list of the top ten best online payment gateway platforms from various platforms to assist you. With their great features, these platforms deliver services by securing your information. We hope you found this article useful in your search for the best online payment gateway.