The Ultimate Guide to Choosing the Best Payment Gateway System in India and USA

The convenience of shopping and auto-generated cashless payments are two drivers, resulting in the global ecommerce market value reaching $6.3 trillion by the end of 2023. Payment gateways are often considered the man-in-the-middle between ecommerce platforms and clients. And these integrated payment systems catalyzed the unstoppable growth of the online retail market trajectory.

Furthermore, most marketing automation platforms allow easy integration with payment gateways to automate and simplify the transaction process from their ecommerce sites. This is an ideal way to keep your customers engaged with prompt order confirmations and hassle-free returns and refunds if needed.

Needless to say, the popularity of ecommerce services spiraled with auto-generated payment systems.

The market of ecommerce and payment gateways – Important facts and figures

It is hard to deny that digital buyers have increased manifold in the last four-five years. According to Statista report, India alone had 289 million buyers in 2021. And we’re not even considering the entire world population. The upward course of online purchases has crowned ecommerce as a preferred business model in recent times. Needless to say, the shifting preference for online purchases has subsequently boosted digital payments. In fact, the market for global payment gateway was last valued at USD 26.79 billion in 2022. Out of which, mobile wallets accounted for nearly half of ecommerce transactions worldwide in 2022.

PayPal being one of the choicest mediums, proudly boasts 429 million active accounts in 2022. Besides PayPal, the other top contenders in the online payment gateway category would be Stripe, Braintree, Square, Razorpay, Paytm, and others.

Significantly, payment integration has become an inseparable part of ecommerce development services.

Integrated payment systems for ecommerce – A brief introduction

Online shopping dominates the global consumer market, and ecommerce platforms are the ideal mediums connecting sellers with end users. This transition significantly drove the US ecommerce market value to approximately $1.1 trillion in 2022. The estimated value of US e-commerce sales for the first quarter of 2023 was $272.6 billion. India is just a little behind in the digital sales race. Recent studies show India’s e-tail business value touched $60 billion in FY2023.

Simultaneously, payment gateways also increased in numbers because of the unstoppable ecommerce popularity and cashless transaction preference of consumers. Here, payments are made online through digital wallets or credit cards. Integrated payment gateways simplify the transaction process while expediting payments for buyers and sellers.

Expectedly, this mode of transaction is no longer restricted to online/ecommerce stores. Even traditional brick-and-mortar stores are increasingly adapting it to ease the entire process for their buyers.

The payment gateway technology enables a secure payment infrastructure for online payment processing and hones the role of a mediator between the customer, banks, payment networks, and you.

What is payment gateway and how does it work

An online payment gateway is simply a transaction processing technology programmed to capture and store customers’ card information and transmit it to the acquirer during payment. It provides a secure network for customers to transfer funds to businesses in exchange for their services. The gateway is integrated into the merchant’s POS (point of sales) system to store the necessary information and facilitate the processing of card transactions. Simultaneously, other operations occur silently in the background, from transferring sale data to the card network, initiating payment from the issuing bank, and ensuring the fund gets credited to the merchant’s acquiring bank account. Accordingly, the payment acceptance or decline notification is shared with the concerned parties.

Obviously, the whole architecture of a payment gateway integration will vary based on in-store or online payment framework. However, these portals require application programming interfaces or APIs, enabling the specific website to stay in touch with the underlying payment processing network. In-store payment interfaces typically use a POS terminal to communicate electronically with the payment processing network via a phone line or internet connection.

Types of payment gateways

Generally, three types of payment gateways are available for businesses to leverage: on-site payments, off-site payments, and redirects.

1) On-site payments

Most large-scale businesses prefer on-site payments via their secured servers. The checkout experience and payment processing are executed through their system, giving the merchants more control over their sales.

2) Off-site payments

Under this method, the checkout occurs on the merchant’s site, but the payment is processed through the gateway’s back end. This payment gateway type simplifies the entire transaction process and ensures robust customer data security. However, unlike the previous type, off-site payments give lesser control to merchants over customers’ buying experience, including payment.

3) Redirects

Redirects are simply an alternative payment method where the merchant can use third-party payment gateway providers like PayPal. Here, the gateway redirects a customer to a PayPal payment page for transaction completion. Small businesses can use redirects for simplicity, convenience, and security factors. However, the merchant has less control over the payment experience, and their customers have another step to complete before purchasing.

How to choose a payment gateway – Five things to consider

Following the incomparable popularity of digital wallets in recent years, it’s not surprising that top payment gateways compete to provide their customers with the best services. Online payment gateways have become quite popular in recent years. Thankfully, the market is spoiled for choices regarding choosing the best payment processing platform. But handpicking the ideal one for your business requires careful consideration of each platform. Here are some practical tips for selecting the payment gateway fitting your business.

1) Check the pricing

For acquiring any new software solution, pricing becomes a primary deciding factor. And the same goes for ecommerce payment integration systems.

With online payment gateways, the pricing will vary as per the following:

• The business models
• The accepted payment types
• The amount received periodically
• The overall setup fees
• The base-level transaction volume

2) Research device compatibility

Certain gateways work well on all devices, while others might face compatibility issues. On the other hand, your ecommerce platform will receive visitors from different devices. Therefore, it becomes imperative for you to verify the payment gateway’s performance on various operating systems before making any commitments.

3) Ensure integrations are smooth and easy

It goes without saying that every ecommerce business aims at providing a stellar and flawless user experience. And that includes seamless transactional experience too! In order for customers to step into the final stage of your sales funnel, their payment process should be glitch-free. This is guaranteed only when your ecommerce platform supports the integrated payment system, regardless of whether your website could be on WooCommerce, Shopify, Magento, or custom-made.

4) Consider a recurring billing option

For subscription services, customers get billed the same monthly amount for the entire subscription period. Therefore, if your service is subscription-based, ensure that the payment gateway provides an auto-generation system for monthly payments and solving transaction failure issues.

5) Find excellent customer support

Payment gateway integration should come with adequate tech support, and the reason behind this would be obvious – every gateway oversees thousands of dollars in transactions passing through every day. Any technical glitch or downtime of a few minutes could easily spell a disaster for your ecommerce business. Therefore, a robust customer support team working around the clock seven days a week is necessary.

Criteria for evaluating ecommerce payment integration

Selecting the ideal one from the top ten payment gateways in India and abroad isn’t challenging. But with numerous options available at our fingertips, the chances of settling down for a lesser solution remain high. This can negatively impact the brand’s customer experience and profitability. Therefore, analyzing a few essential criteria would enable an informed selection.

1) Security and Fraud Protection

A payment gateway acts as a middleman between merchants and their customers. However, because of the lack of proper security measures, fraudulent transactions bypassing any detection software are not unheard of. Thankfully, reputed payment gateway providers, like Stripe and PayPal, offer in-built fraud detection and prevention techniques that scrutinize user card and transaction data alongside auto approving or declining payments without manual intervention.

2) Supported Payment Methods

Your chosen payment gateway should support different transactional methods to expand your business’s global reach. Furthermore, numerous payment categories, from debit and credit cards to bank transfers, real-time payments to transferring money through digital wallets, improve checkout conversions as well.

3) Seamless Integration

Seamless integration enables customers to easily choose the payment option at the merchant’s site and complete their purchase journey regardless of the channel touch point. It should be streamlined, seamless, hassle-free, and secure.

4) Customization Options

Many entrepreneurs and big enterprises prefer collecting payments via a customized checkout page. Certain payment gateway providers allow their clients to easily tailor the checkout interface to complement the brand’s theme.

5) Reporting and Analytics

The best payment gateways will offer their clients auto-generated data reports, enabling them to gain valuable insights into their transaction history. Such insights are crucial for their business as real-time data allow for informed and competitive decision-making.

6) Customer Support and Documentation

Most payment gateways offer API and SDK documentation for developers, detailing the technical interface of the payment system and other necessary details. This step-by-step application blueprint allows easy tool integration without technical experts’ guidance. And 24×7 customer support provides the required assistance in case any challenge arises.

Ten best payment gateways in India

India’s payment gateway market was last valued at INR 73 Bn in 2021, which is expected to grow at CAGR 20.11% during the forecast period of 2022-2027. With the rising popularity of cashless transactions among urban youth, the ecommerce market also anticipates a prosperous future. The statistics highlight the intense competition among top payment gateway providers ready to capture the crème-de-la-crème of the Indian digital retail and payment market.

The following is a list of the ten best providers from India.

Tool	Features	Pros	Cons	Price	Industries
PayU	1. Offers a secure payment platform 2. Enables no-code payments 3. Easy to share and accept payments via WhatsApp, SMS, Emails, and Others 4. Compatible with 140+ UPI apps	1. Enjoy built-in or customizable checkout page 2. No setup fee	1. Customer service could have been better 2. Limited payment methods 3. Not an intuitive and user-friendly UI 4. Technical glitches can result in payment failure	The basic plan for business account setup is $13.67 (one-time payment). The business premium plan is $21.59	Ecommerce, Healthcare, Retail, Utilites, Media, and Others
RazorPay	1. 24×7, instant, and automated payouts 2. Easy to pay business taxes under 30 seconds 3. Customize payment checkout page 4. Offer exclusive business rewards	1. Zero setup and maintenance fees 2. Offers intelligent and seamless checkout experience 3. Customer support is strong and knowledgeable 4. Razorpay provides a dedicated relationship manager for every client’s account	1. Little pricey for small businesses 2. It is primarily focused on the Indian market 3. There are various search-related issues when connected to API	2% platform fees applicable on all transactions alongside 18% GST	SaaS, Ecommerce, Education, BFSI, Freelance, and Partners
Instamojo	1. Enable bulk payments 2. Provide fast and secure payment platform 3. Provide multiple payment methods 4. It offers bank-level security to the users 5. Offers customizable payment links and auto-payment reminders	1. Ideal for Indian entrepreneurs and agencies 2. Simple and user-friendly interface 3. Easy to track sales and payments 4. It is easy to integrate with popular platforms and marketplaces	1. Pricey for small businesses 2. Lack of proper SDK for native apps 3. Lengthy documentation 4. Lack of adequate technical support	Free plan is available. Basic plan starts from ₹3,999/yr.	Clothing & Accessories Art & Craft Food & Beverage Health & Beauty Jewlery & Accessories
Paytm	1. Enable contactless payments in-store/online 2. Offer unlimited cashback to frequent users 3. Provide secure, transparent, and risk-free transaction 4. Seamless collection and management of business payments 5. Offer an entire suite of Transfer APIs, including fund transfers, balance confirmation, verification of account statements over APIs, and others	1. User-friendly interface 2. Convenient payment transfer 3. Free account opening 4. No transaction fees required	1. Slow transaction processing 2. Inadequate and inefficient customer support 3. Technical glitches could lead to transaction failure after multiple attempts	No setup fees. For Startups, Small & Medium Businesses, Paytm charges a standard plan merchant discount rate or MDR. For large enterprises, customized features and pricing available on request	SMEs, Large Enterprises, Ecommerce and Others
CCAvenue	1. Enable multiple currency processing 2. Support multilingual checkout page 3. Easy customization 4. Smart routing 5. Easy to generate invoices 6. Auto-recurring payments for subscribers	1. Easy to use 2. Excellent customer support 3. A secured platform	None	Free plan is available. Premium plan includes Rs. 30,000 setup fees	Hospitality, Online Retail, Education and the other major industry verticals.
MobiKwik	1. Supports multiple payment options 2. Enable ecommerce and apps to collect payments via their subsidiary gateway, Zaakpay	1. No setup or maintenance fee 2. Supports Net Banking, Debit/Credit Cards, eWallets & UPI 3. Ideal for SMEs and startups	1. Limited global coverage 2. Absence of 24/7 tech support and service	Competitive customized plans available on request	Ecommerce, Food Delivery, Petrol Pumps, Large Retail Chains, Pharmacies, Kirana Stores, and Others.
Atom	1. The gateway uses industry-standard encryption and fraud prevention tools for arresting transaction scams 2. Reporting and analytical tools allow easy tracking of business transactions in real-time 3. It supports multiple payment options	1. It is a versatile and secure platform 2. Atom offers numerous customizable features and tools 3. The platform prioritizes customers’ data privacy by offering a robust security infrastructure	It is pricey compared to other payment gateways	The platform charges a one-time integration amount of INR 1955. The annual software upgradation rate is INR 2955.	SMEs, Large Enterprises, Ecommerce and Others
Bill Desk	1. Offers recurring payment solutions 2. Offers a faster and reliable payment option 3. Supports multi-currency payments 4. Accepts digital payments via 170+ methods	1. Easy to integrate and simple to use 2. Robust security features	1. Poor and non-responsive customer support 2. The platform charges penalty for transaction failure	Pricing available on request.	SMEs, Large Enterprises, Ecommerce and Others
Cash Free	1. No setup or any other hidden fees 2. Real-time transaction reporting 3. Minimal documentation 4. Same day onboarding	1. Good value for money 2. Ease of use 3. Great customer support and service 4. Clean and intuitive user interface	1. Payment confirmation email is slow 2. Any fraud detection places other genuine transactions on hold	Custom pricing tailored for enterprises.	Ecommerce, Education, NBFC Lending, Insurance
EBS	1. Multilingual page & responsive web design 2. Advanced analytics for insights 3. Easy fraud and risk prevention 4. Fast and hassle-free checkout 5. Stable and secured transaction	1. Good customer support 2. Good value for money 3. User-friendly platform 4. Simple and intuitive user interface	1. Process payments only in Indian currency	Pricing available on request.	All Industries
Simpl	1. One-tap check out 2. Ensure buyer protection with real-time refunds and charge back protection 3. ACH payment processing 4. Mobile access 5. Transaction monitoring	1. Offers seamless integration with existing software/platforms 2. 0% transaction failure rate 3. Easy to use 4. Good value for money 5. Supportive customer care	1. Short payment cycles	Pricing available on request.	Ecommerce, Transport, Retails, and Others

Ten best payment gateways in the US

The United States payment gateway market was last valued at US$ 5,290.3 Million in 2022. According to experts, the figure is expected to reach US$ 7,294.5 Million by 2028.

The US payment gateway market is dominated by some of the top-notch players like PayPal and Stripe. Here’s a complete list of all the well-known providers for ecommerce businesses and other enterprises.

Tool	Features	Pros	Cons	Price	Industries
PayPal	1. Instant payment 2. Customer data is securely stored. 3. Supports international transactions 4. Payments are easily split between merchants and sellers	1. Easy to use 2. Safe and secure platform 3. Clean interface while providing a clear history of past transactions for future reference 4. Enables seamless processing of clients’ payments 5. It’s a great choice for businesses of all sizes	1. Currency conversion rates do not update frequently 2. Hefty transaction charges, especially for international transfers, add to the overall cost of using the platform 3. Customer service could have been better 4. Mobile version could have been made better	It’s free to create a PayPal business account. However, the merchant charges 3.49% of the transaction amount along with a fixed fee of 49¢ ($0.021) in the US for checkout payments and invoicing. Rates shared on the website.	Small and Medium Businesses, Enterprises, Marketplaces, and Others
Stripe General		1. Easy to use 2. Easy to setup 3. Quality of support 4. It is easy to integrate with existing CRM and other software 5. It is a complete, flexible, and trustable payment platform 6. Most secure and convenient platform to receive payments	1. Restricted availability in some nations 2. Challenging to navigate the user interface 3. Lengthy payment processing time	There are no setup fees or monthly fees. However, it charges 0.5% on recurring transactions and will charge 0.5% for Billing Starter, 0.8% for Billing Scale, 0.4% for Invoicing Starter, and 0.5% for Invoicing Plus from 17th July 2023	SaaS, Platforms, Enterprises, Marketplaces, Ecommerce, Finance
Stripe Connect		1. Easy to integrate 2. Easy to customize 3. Robust security standards for online transactions	1. Slow responsding support team 2. Limited international support 3. Limited customization support 4. Complicated interface		On-Demand Businesses, Ecommerce, Crowdfunding, Travel and Events
Stripe Atlas		1. Fast and responsive customer support 2. Works great with small businesses	1. Price is higher than market standards 2. Processing time can be lengthy 3. There is no free service	Flat fee of USD $500	Founders, Investors, and Entrepreneurs
Stripe Radar		1. Payments and transactions are secured 2. It is fully intergrated and features-packed 3. Great UI and customer service	1. Sometimes transactions are rejected 2. Charge highly on the rates	$0.049 per transaction, Waived for accounts with standard pricing	Ecommerce, SaaS, Marketplaces, Finance Platforms, Creator Economy, Crypto, Global Businesses
Square	1. Fast online signup 2. Live phone support 3. End-to-end encrypted payments 4. Free Square Point of Sale app 5. Dispute management	1. Fast money transfer within the next business day 2. Active fraud prevention 3. Easy to use platform 4. Good value for money 5. All-in-one dashboard with an intuitive interface	1. Absence of customization in the free plan 2. No integration with other POS	Free plan available. Basic plan starts from $29/month. Customized pricing available on request	Restaurant, Retail, Beauty, Services, Food and Beverage
Authorize.Net	1. Tailored pricing 2. Data migration assistance 3. Advanced fraud detection suite	1. Simple checkout 2. Easy integration 3. Reliable and secured platform	1. Can be difficult for beginners 2. There is no text to pay feature 3. Outdated interface	No setup fee. Basic plan strats from $25/month. Customized pricing available on request	Ecommerce and Enterprises
Braintree	1. Robust data security and fraud detecting tools 2. Support multiple payment methods 3. Easy to gain transaction insights in real-time 4. Prove a global coverage	1. Multicurrency options 2. Extensive integrations available 3. Easy to use 4. Easy to consolidate multiple payment methods into a single processor	1. Not open to high-risk industries 2. Setup can be challenging 3. Migration from existing payment systems is difficult 4. Slow responding customer support	No payment processing fee. For a Braintree gateway, $49 per month plus 10 cents per transaction is charged and $10 per month for third-party merchant accounts (along with any fees charged by their merchant account provider). Offers customized pricing based on business size and model	Restaurant, Hotels, Beauty Products, and Others
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Worldpay		1. Allows daily reports to be extracted easily from the application 2. Respects data safety and compliance regulations 3. Supports a variety of payment options	1. Often fails to connect with the wireless card reader 2. Charges a cancellation fee 3. Customer support could have been better	Gateway standard is $24.22/month. Gateway advanced is $57.35/month	Groceries, Supermarkets, Retail, Restaurants, and Others
Amazon Pay	1. Multiple payment methods available 2. Fraud detection and observe strict data security	1. Provides a global coverage in terms of service 2. Great customer support team available for 24/7	1. Less compatible with various shopping platforms 2. Complicated UI 3. Requires high-speed internet to work	Customizable pricing available on request	Airlines, Ecommerce, Ticketing, Insurance, Education
QuickBooks Payments	1. Easy to track expenses and manage bills 2. Manage bills and projects 3. Run reports	1. Trasnparent subscription and processing fees with no hidden clause 2. Good customer support	1. Lack of industry-specific features 2. There’s a limit to the number of users/accounts 3. Lack of key reports other than accounting	Basic plan starts from $9/month	Nonprofit, Manufacturing, Construction, Professional services Retail, Restaurants, and Legal
Dwolla	1. ACH-only capabilities 2. The gateway charges 0.5% per transaction 3. Two-factor authentication and data tokenization	1. Easy to use 2. Strong customer support 3. Robust security measures	1. Lack of global coverage 2. Integration challenges with third-party applications 3. Outdated interface and technology	Competitive pricing available only on request	Start-ups to Fortune 500 Companies

Five best international payment gateways

Certain payment gateway providers offer global coverage, making it easy for merchants to connect with customers farther away. Here’s a list of the top five international payment integration platforms to consider:

Tool	Features	Pros	Cons	Price	Industries
Stripe General	1. Dashboard and data access is restricted and secured a. SMS two-step authentication b. Google authenticator two-step authentication c. U2F keys 2. Supports payment through Visa, Mastercard, American Express, Discover, JCB, Diners Club, China UnionPay and debit cards 3. Accepts payment from mobile wallets 4. Offers buy now, pay later options 5. Supports payments in multi-currencies	1. Easy to use 2. Easy to setup 3. Quality of support 4. It is easy to integrate with existing 5. CRM and other software It is a complete, flexible, and a trustable payment platform 6. Most secure and convenient platform to receive payments	1. Restricted availability in some nations 2. Challenging to navigate the user interface 3. Lengthy payment processing time	There is no setup fees or monthly fees. However it charges 0.5% on recurring transactions and will charge 0.5% for Billing Starter, 0.8% for Billing Scale, 0.4% for Invoicing Starter, and 0.5% for Invoicing Plus from 17th July 2023	SaaS, Platforms, Enterprises, Marketplaces, Ecommerce, Finance
Stripe Connect	1. Dashboard and data access is restricted and secured a. SMS two-step authentication b. Google authenticator two-step authentication c. U2F keys 2. Supports payment through Visa, Mastercard, American Express, Discover, JCB, Diners Club, China UnionPay and debit cards 3. Accepts payment from mobile wallets 4. Offers buy now, pay later options 5. Supports payments in multi-currencies	1. Easy to integrate 2. Easy to customize 3. Robust security standards for online transactions	1. Slow responsding support team 2. Limited international support 3. Limited customization support 4. Complicated interface		On-Demand Businesses, Ecommerce, Crowdfunding, Travel and Events
Stripe Atlas	1. Dashboard and data access is restricted and secured a. SMS two-step authentication b. Google authenticator two-step authentication c. U2F keys 2. Supports payment through Visa, Mastercard, American Express, Discover, JCB, Diners Club, China UnionPay and debit cards 3. Accepts payment from mobile wallets 4. Offers buy now, pay later options 5. Supports payments in multi-currencies	1. Fast and responsive customer support 2. Works great with small businesses	1. Price is higher than market standards 2. Processing time can be lengthy 3. There is no free service	Flat fee of USD $500	Founders, Investors, and Entrepreneurs
Stripe Radar	1. Dashboard and data access is restricted and secured a. SMS two-step authentication b. Google authenticator two-step authentication c. U2F keys 2. Supports payment through Visa, Mastercard, American Express, Discover, JCB, Diners Club, China UnionPay and debit cards 3. Accepts payment from mobile wallets 4. Offers buy now, pay later options 5. Supports payments in multi-currencies	1. Payments and transactions are secured 2. It is fully intergrated and features-packed 3. Great UI and customer service	1. Sometimes transactions are rejected 2.Charge highly on the rates	$0.049 per transaction, Waived for accounts with standard pricing	Ecommerce, SaaS, Marketplaces, Finance Platforms, Creator Economy, Crypto, Global Businesses
Braintree	1. Robust data security and fraud detecting tools 2. Support multiple payment methods 3. Easy to gain transaction insights in real-time 4. Prove a global coverage	1. Multicurrency options 2. Extensive integrations available 3. Easy to use 4. Easy to consolidate multiple payment methods into a single processor	1. Not open to high-risk industries 2. Setup can be challenging 3. Migration from existing payment systems is difficult 4. Slow responding customer support	No payment processing fee. For a Braintree gateway, $49 per month plus 10 cents per transaction is charged and $10 per month for third-party merchant accounts (along with any fees charged by their merchant account provider). Offers customized pricing based on business size and model	Restaurant, Hotels, Beauty Products, and Others
WorldPay	1. Fast payouts 2. Global reachand usage 3. Live dashboard for monitoring orders and export reports acordingly	1. Allows daily reports to be extracted easily from the application 2. Respects data safety and compliance regulations 3. Supports a variety of payment options	1. Often fails to connect with the wireless card reader 2. Charges a cancellation fee 3. Customer support could have been better	Gateway standard is $24.22/month. Gateway advanced is $57.35/month	Groceries, Supermarkets, Retail, Restaurants, and Others
PayPal	1. Instant payment 2. Customer data is securely stored. 3. Supports international transactions 4. Payments are easily split between merchants and sellers	1. Easy to use 2. Safe and secure platform 3. Clean interface while providing a clear history of past transactions for future reference 4. Enables a seamless processing of clients’ payments It’s a great choice for businesses of all sizes	1. Currency conversion rates do not update frequently 2. Hefty transaction charges, especially for international transfers, add to the overall cost of using the platform 3. Customer service could have been better 4. Mobile version could have been made better	It’s free to create a PayPal business account. However, the merchant charges 3.49% of the transaction amount along with a fixed fixed fee of 49¢ ($0.021) in the US for checkout payments and invoicing. Rates shared in the website.	Small and Medium Businesses, Enterprises, Marketplaces, and Others
Adyen	1. Risk management tool prevents fradulent transactions 2. Revenue Acceleration feature minimizes risk of transaction failure 3. The payment gateway offers multiple integrations for for Adobe Commerce (formerly Magento), SAP Commerce Cloud, Shopware 6 and various Oracle and Salesforce products.	1. Global payment options available 2. There’s no monthly setup or integration fees 3. 24/7 live support	1. Complex pricing model 2. Supports minimum invoice amount 3. No features available for brick-and-mortar operations	Payment method fee is 0.22 euros. Further, the platform charges a fixed processing fee for each transaction	Small Businesses

The final takeaway

Cashless payments have become the new normal, and consumers prefer digital wallets over physical ones. So, companies, whether online retail or a brick-and-mortar physical storefront, should offer the same ease and convenience of digital payments to elevate buyers’ shopping engagement and experience. Integrated payment systems are the medium connecting businesses with new-age consumers. Therefore, this blog will help ventures decide wisely which payment gateway best suits their organizational goals.