Your marketplace is filled with customers ready to buy.

But how about those customers reaching the point of purchase only to find a complicated, tedious, or unreliable payment process?

Chances are, they’ll abandon their carts and move on.

In fact, according to a recent study, nearly 70% of online shoppers abandon their carts, with many citing complex payment procedures as the reason.

A good payment gateway is like a reliable cashier, quietly and efficiently processing transactions and providing customers with a seamless experience.

For small businesses, this is critical as it not only helps in facilitating sales but also in building trust and credibility.

But how do you choose the right payment gateway amidst the myriad options available? What factors should you consider? What sets one apart from the other? Is it the transaction fees, ease of use, customer support, or transparency in billing?

The answers to these questions can significantly influence your business’s bottom line and customer satisfaction.

In this comprehensive guide, we’ll explore all these aspects and more, helping you navigate the landscape of payment gateways and understand why choosing the right one can be a game-changer for your small business.

Must Read: Merchant Services Provider – What it is, Examples, and the Four Best Merchant Services Providers

Key Takeaways

• The choice of a payment gateway can significantly impact the growth and success of a small business. It plays a critical role in ensuring smooth and secure transactions.
• The best payment gateway for one business might not be the ideal fit for another. Factors like business size, sales volume, geographical presence, and specific industry requirements should guide the selection.
• Payment gateways have varying fee structures, including transaction fees, setup fees, and monthly charges.
• A reliable payment gateway must offer robust security measures like encryption, PCI DSS compliance, and fraud detection.
• If your business serves international customers, look for payment gateways like Google Pay or 2Checkout that provide extensive global coverage.
• Top-notch customer support, like that offered by GETTRX, can be a game-changer, especially when issues that need immediate resolution arise.
• Our list of the best payment gateways for small businesses results from thorough market research, defined selection criteria focusing on the needs of small businesses, and extensive reviews and evaluations.

A Quick Look at the Best Payment Gateways for Small Business

Here are the top payment gateways we’ve explored in this article.

Each one serves distinct needs and is well-suited for specific types of businesses:

• Overall Best Small Business Payment Gateway: GETTRX
• Best Crypto Payment Gateway: Coinbase
• Best Payment Gateway for ClickFunnels: Stripe
• Best Payment Gateway for Freelancers: Gusto
• Best Payment Gateway for Shopify: ShopifyPayments
• Best Global Payment Gateway: ApplePay
• Best Payment Gateway for WordPress: PayPal
• Best International Payment Gateway: GooglePay
• Best Payment Gateway for Dropshipping: 2Checkout

What is a Payment Gateway for Small Businesses?

A payment gateway, in simple terms, is a digital version of a point-of-sale terminal found in most retail outlets.

However, its function extends beyond merely facilitating transactions; it’s an indispensable tool that empowers small businesses to seamlessly accept payments from customers across the globe, all within the realm of a digital storefront.

Customers who decide to purchase on your website input their payment details, such as a credit card number.

The payment gateway is responsible for securely transmitting this data from the customer to the merchant and then to the bank.

It ensures the customer’s payment details are securely encrypted, protecting sensitive information during the transaction process.

Once the customer’s bank verifies the transaction (that there are sufficient funds and the card information matches), the payment gateway communicates this information back to your website.

It tells your website whether the payment is approved (or not), and the sale can proceed.

By enabling secure, efficient, and seamless transactions, the payment gateway allows small businesses to compete in the global market, transcending physical boundaries.

Moreover, the right payment gateway can significantly enhance user experience. It provides the customer with a smooth, secure, and reliable payment process, fostering trust and increasing customer retention.

It’s no longer just about facilitating payments; it’s about offering multiple payment options, enhancing security, ensuring mobile compatibility, and providing excellent customer service.

So, when you think about a payment gateway for your small business, remember it is more than a simple tool—it’s a strategic partner in your business growth.

Key Factors to Consider When Choosing a Payment Gateway for Small Business

Choosing the right payment gateway for your enterprise is a critical decision that holds the potential to significantly influence your profitability, customer satisfaction, and overall business success.

But with a myriad of options available, making the right choice can often seem daunting.

Here, we delve into some key factors that you should carefully consider while selecting a payment gateway for your small business.

Pricing and Fees:

The associated costs are among the most critical aspects to consider when choosing a payment gateway.

Every payment gateway comes with its pricing structure, and understanding these nuances can directly impact your bottom line.

Payment gateways may charge a transaction fee, typically a percentage of the transaction amount, sometimes with a fixed additional charge.

This per-transaction cost can be a significant factor in narrowing down choices for small businesses that are just starting.

In addition, some payment gateways also charge setup fees, monthly fees, or annual fees. While a setup fee is a one-time cost for integrating the gateway with your system, monthly or annual fees are ongoing costs that you must factor into your operational expenses.

Lastly, it’s important to be aware of any hidden costs. These could be fees associated with chargebacks, payment disputes, or security-related costs. Make sure to read the fine print before finalizing your decision.

Security:

The importance of security when handling customer payment data can’t be overstated.

At a minimum, the payment gateway you choose should adhere to the Payment Card Industry Data Security Standard (PCI DSS).

This standard is an information security standard for organizations that handle branded credit cards, and it helps to reduce card fraud by securing cardholder data.

Moreover, additional security measures such as Two-Factor Authentication (2FA), encryption, and a secure URL can provide an added layer of protection, ensuring that your customer’s sensitive information is secure during every transaction.

Flexibility:

Every business is unique, and so is their mode of selling.

Some might solely rely on online sales; others might have brick-and-mortar outlets or have a mix of both, including pop-up events or mobile sales.

Your payment gateway should cater to your particular business model, providing seamless, efficient, and secure transactions, irrespective of the sales environment.

A flexible payment gateway not only accommodates your current business requirements but also leaves room for diversification or expansion in the future.

It ensures that as your business evolves, your payment processing can effortlessly adapt to the changing environment.

Speed & Reliability:

Customers demand speedy transactions. The last thing you want is a slow payment gateway that tests your customers’ patience, leading to abandoned carts and lost sales.

Reliability is also paramount. Frequent downtimes can negatively impact your business reputation, shaking customer confidence and faith.

Opting for a payment gateway known for its speed and reliability can enhance customer experience and positively influence your sales.

Variety of Payments and Cards Supported:

Offering multiple payment options is a sure-shot way to cater to a broad customer base.

While credit and debit cards are given, your payment gateway should also support popular digital wallets, bank transfers, and other online payment methods.

Support for major card brands like Visa, MasterCard, American Express, and Discover is also crucial.

Also, if your business caters to a global audience, support for local cards and payment options can be a significant advantage.

Related Article: 18 Terms to Know Before Choosing a PayFac

 

What is Payment Gateway Fraud?

While payment gateways bring significant conveniences and benefits to your business, they are also susceptible to fraud, a dark reality of the digital space.

Payment gateway fraud refers to fraudulent activities that manipulate payment gateways in the online transaction process.

These fraudulent activities can lead to substantial financial losses and, more importantly, undermine customer trust in your brand.

Related Article: Top 9 Challenges in Online Payments and How to Overcome Them

 

Common Types of Payment Gateway Fraud

There are several ways in which fraudsters can exploit payment gateways, but the following are some of the most common forms of fraudulent activity:

• Credit Card Fraud: This is one of the most prevalent types of fraud wherein criminals use stolen or counterfeit credit card information to make unauthorized purchases.
• Identity Theft: In this scenario, fraudsters impersonate a legitimate customer, using their personal information to make purchases. This kind of fraud can be particularly damaging, severely harming your relationship with the affected customers.
• Phishing Attacks: Phishing attacks involve fraudsters posing as a trustworthy entities to trick customers into revealing sensitive information like credit card details or login credentials. This information is then used for fraudulent transactions.
• Chargeback Fraud: Also known as ‘friendly fraud,’ a customer purchases with their credit card and then requests a chargeback from their credit card provider, falsely claiming that they didn’t receive the item or the transaction was unauthorized.

How to Prevent Payment Gateway Fraud

Preventing payment gateway fraud involves implementing a variety of strategies to detect and thwart fraudulent activity:

Use a Secure Payment Gateway:

Choose a payment gateway that adheres to the Payment Card Industry Data Security Standard (PCI DSS). This is the security standard for organizations that handle credit and debit card information and offers robust protection against fraud.

Implement Two-Factor Authentication (2FA):

Two-factor authentication adds an extra layer of security by requiring customers to verify their identity through two separate methods: a password and a unique code sent to their phone. This makes it much harder for fraudsters to make unauthorized transactions.

Regularly Monitor Transactions:

Keep an eye on transaction patterns. Unusual activity, like multiple high-value transactions from the same I.P. address, can be a red flag for fraud.

Use Address Verification System (AVS):

AVS compares the billing address entered by the customer with the address on file with the credit card company. If the two do not match, the transaction can be declined.

Educate Your Customers:

Make your customers aware of common fraud tactics and encourage them to keep their personal information secure. An informed customer is a strong ally in the fight against fraud.

Best Payment Gateways for Small Businesses

The world of payment gateways is as diverse as it is vast. The features and services they offer can vary dramatically, with some prioritizing exceptional customer service while others focus on providing advanced technological capabilities, such as integrated invoicing or recurring billing.

In order to make a well-informed decision for your small business, you need a comprehensive understanding of these diverse options.

Instead of painstakingly investigating each feature of the numerous available gateways, we’ve simplified the process for you.

We have thoroughly analyzed the market and identified key categories that are crucial for small businesses.

They include:

GETTRX: Overall Best Small Business Payment Gateway

In the highly competitive arena of payment gateways, GETTRX shines as a reliable and robust solution tailored for small businesses. It boasts a blend of features designed to simplify the transaction process, making it seamless and efficient.

GETTRX is committed to transparent pricing, top-tier customer service, and innovative security measures.

Features

1. Transparent Billing: GETTRX prides itself on its straightforward pricing model. There are no hidden fees to worry about; what you see is what you pay.
2. Variety of Payment Methods: They support various payment options, making it easier for businesses to cater to diverse customer preferences.
3. Excellent Customer Support: GETTRX provides around-the-clock customer service via phone and live chat, ensuring help is always available when needed.
4. Advanced Security: The platform employs machine learning algorithms for fraud detection, providing an additional layer of security to protect customer data.

Benefits

1. transparency in billing helps you avoid unexpected costs, aiding budget planning.
2. The variety of payment methods can enhance the customer experience by offering convenience.
3. Access to 24/7 customer support means issues can be promptly resolved, minimizing potential transaction disruptions.
4. The cutting-edge security measures protect sensitive customer data, fostering trust with your customers.

Cost

They offer competitive and transparent pricing. Their unique product, “ZERO,” is available for just $29/month, eliminating all other processing fees.

Pros

• Transparent and affordable pricing
• A broad range of payment methods supported
• Outstanding 24/7 customer support
• Advanced security features

Cons

• No international payments accepted
• Limited customization options for checkouts.

Coinbase Commerce: Best Crypto Payment Gateway

With the rise of cryptocurrencies, accepting these digital assets as a form of payment has become a growing trend for businesses worldwide.

Coinbase Commerce, a product of the renowned digital currency exchange, Coinbase, positions itself as a leading solution for businesses looking to accept cryptocurrency payments.

It offers a seamless, secure, and user-friendly platform that integrates effortlessly with existing e-commerce setups.

Features

1. Supports Multiple Cryptocurrencies: Coinbase Commerce supports a variety of popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, along with several others.
2. Easy Integration: It easily integrates with popular e-commerce platforms such as Shopify, WooCommerce, and Magento.
3. Crypto-to-Crypto Payments: Coinbase Commerce allows businesses to accept cryptocurrency payments directly into their wallets.
4. Checkout Experience: It offers a hosted checkout page, making it easy for customers to make payments.
5. Lower Transaction Fees: Cryptocurrency transactions typically involve lower fees than traditional payment methods.
6. Faster Transactions: Cryptocurrency transactions can be processed faster than traditional bank transfers, especially for international payments.

Benefits

1. Acceptance of multiple cryptocurrencies opens your business to a broader market.
2. Easy integration saves time and resources while setting up.
3. Direct crypto payments into your wallet eliminate the need for third-party involvement.
4. The user-friendly checkout experience enhances the customer journey.

Cost

Coinbase Commerce charges a flat fee of 1% for every transaction, making its pricing structure relatively straightforward and affordable.

Pros

• Accepts multiple cryptocurrencies
•  Easy integration with popular e-commerce platforms
• Straightforward pricing structure
• Secure and user-friendly platform

Cons

• Crypto payments may be a new concept for some customers, requiring additional education and support.
• Cryptocurrencies’ volatile nature might add an element of risk.

Stripe: Best Payment Gateway for ClickFunnels

Stripe has carved a niche as a dynamic, developer-friendly payment gateway and has risen to be particularly effective when paired with platforms like ClickFunnels.

It streamlines the process of setting up payments for online businesses, making it a robust choice for entrepreneurs and businesses that rely heavily on sales funnels.

Features

1. Powerful API: Stripe provides robust APIs that allow developers to create custom integrations, tailoring the payment process to the business’s specific needs.
2. Subscription Capabilities: It has robust support for subscription-based businesses, offering tools to manage recurring billing smoothly.
3. Multi-Currency Support: Stripe supports over 135 currencies, making it an excellent choice for businesses with a global customer base.
4. Customizable Checkout Experience: Stripe allows businesses to design and customize their checkout experiences, facilitating a cohesive brand image.

Benefits

1. With its powerful API, businesses can customize the checkout experience to align with their brand identity and business needs.
2. Whether you’re a small business or a larger enterprise, Stripe’s feature-rich platform is designed to grow with your business.
3. businesses can effortlessly cater to customers worldwide with its support for multiple currencies.

Cost

2.9% + 30¢ per successful transaction. For businesses with large volumes, custom pricing is also available.

Pros

• Feature-rich and customizable platform
• Seamless integration with ClickFunnels
• Robust support for subscription-based businesses
• Supports a wide variety of currencies

Cons

• The platform’s wide range of features can make it a bit complex for non-technical users.

Gusto: Best Payment Gateway for Freelancers

Freelancers often face unique challenges when managing payments, taxes, and benefits.

Gusto emerges as a tailored solution for these individual entrepreneurs, offering a blend of payroll, benefits, and H.R. tools all in one place.

Features

1. Automated Payroll: Gusto handles all payroll tasks, including tax calculations, payments, and filings, saving freelancers precious time and effort.
2. Benefits Integration: It integrates seamlessly with benefits providers, making it easier to manage health insurance, retirement plans, and other benefits.
3. H.R. Tools: Gusto offers comprehensive H.R. tools, from time tracking to employee onboarding, useful for freelancers managing small teams.

Benefits

1. Its automated payroll feature takes the stress out of managing payments and taxes, letting freelancers focus more on their work and less on administrative tasks.
2. The benefits integration feature allows freelancers to manage their benefits conveniently in one place.
3. The H.R. tools help freelancers efficiently manage any additional team members, making it an excellent choice for growing freelance businesses.

Cost

Gusto offers different pricing tiers designed to accommodate different needs:

• Simple: This plan offers automatic payroll features and benefits integrations at $40 per month plus $6 per person.
• Plus:  For $80 per month, plus $12 per person, you get comprehensive payroll, H.R. tools, and benefits to help build a great workplace, whether in-person or remote.
• Premium: This plan offers exclusive pricing and includes scalable payroll and benefits, expert H.R., and dedicated support for growing teams.

Pros

• Automated payroll simplifies payment management
• Benefits integration for easy management of perks
• Comprehensive H.R. tools for efficient team management

Cons

• Compared to other platforms, Gusto may be a bit pricier, particularly for freelancers just starting out
• The platform’s focus on U.S. regulations

Shopify Payments: Best Payment Gateway for Shopify

For businesses utilizing the Shopify platform, looking for a payment gateway that integrates seamlessly into your store is natural.

Shopify Payments emerges as a clear frontrunner, providing a hassle-free way for businesses to handle online transactions directly within the Shopify platform.

Features

1. Direct Integration: As a native payment gateway, it integrates directly with your Shopify store, removing the need for third-party gateways.
2. Multiple Currencies: Shopify Payments supports multiple currencies, making it ideal for businesses selling internationally.
3. Chargeback Assistance: The platform offers support in the event of chargebacks, providing merchants with the necessary evidence to dispute claims.
4. Accelerated Checkouts: Shopify Payments enables accelerated checkouts like Shop Pay, Apple Pay, and Google Pay, making the checkout process faster and smoother for customers.

Benefits

1. The direct integration with your Shopify store simplifies setup and management.
2. The support for multiple currencies can enhance the shopping experience for international customers.
3. Chargeback assistance can help protect your business from fraudulent chargebacks.
4. Accelerated checkouts can increase conversion rates by making the process more seamless.

Cost

Shopify Payments follows a tier-based pricing model depending on your Shopify plan.

• Basic Shopify ($29/month): costs 2.9% + $0.30 per transaction,
• Shopify ($79/month): costs 2.6% + $0.30,
• Advanced Shopify ($299/month): costs 2.4% + $0.30.

Pros

• Direct integration with Shopify stores
• Support for multiple currencies
• Chargeback assistance
• Accelerated checkout options

Cons

• Only available for businesses in supported countries
• It may be less cost-effective for stores with a low volume of sales

Apple Pay: Best Global Payment Gateway

As mobile wallets gain prominence, Apple Pay, with its global acceptance and seamless user experience, paves the way forward.

Catering to the millions of Apple users worldwide, it offers a payment solution that is quick, secure, and remarkably convenient.

Features

1. Contactless Payments: Apple Pay enables contactless payments using iOS devices and Apple Watch at retail stores.
2. In-app and Web Payments: It allows users to make secure and instant payments within apps and on the web.
3. Integration with Apple Wallet: Users can store and manage their payment cards in the Apple Wallet app for easy access and use with Apple Pay.
4. Security and Privacy: Apple Pay uses device-specific numbers and unique transaction codes to safeguard your card information.

Benefits

1. Apple Pay provides a high level of convenience for customers, allowing fast checkouts without requiring physical cards or inputting card details for each transaction.
2. With its advanced security features, Apple Pay helps reduce the risk of fraud.
3. Given the extensive user base of Apple devices globally, businesses can reach a wide range of customers.

Cost

Apple doesn’t charge any additional fees to accept Apple Pay. Standard processing fees for credit and debit cards still apply, which depend on the payment processor or bank the business uses.

Pros

• Contactless, in-app, and web payments for user convenience
• Advanced security measures to protect card information
• Wide customer reach due to the extensive Apple device user base

Cons

• Limited to customers using Apple devices
• Businesses may need to upgrade point-of-sale systems to accept contactless payments.

PayPal: Best Payment Gateway for WordPress

Regarding WordPress e-commerce setups, PayPal is often a go-to choice for businesses. They offer many features, easy integration, and international reach.

Features

1. Easy WordPress Integration: PayPal can be effortlessly integrated with most WordPress e-commerce platforms, such as WooCommerce and Easy Digital Downloads.
2. International Payments: PayPal allows businesses to accept payments in over 100 currencies, catering to a global customer base.
3. Buyer Protection: PayPal’s Buyer Protection policy can be a major selling point for customers, potentially enhancing trust and sales.
4. One-Touch Payments: PayPal’s One-Touch feature allows customers to pay without re-entering their payment information, streamlining the checkout process.

Benefits

1. Its easy integration with WordPress and straightforward interface makes it user-friendly for businesses and customers.
2. The support for international payments expands your potential customer base.
3. PayPal’s brand recognition and buyer protection policy can boost customer trust and conversion rates.
4. The One-Touch feature simplifies the payment process, potentially increasing sales.

Cost

PayPal charges 2.9% + $0.30 per transaction for sales within the U.S. For international sales, it charges 4.4% per transaction plus a fixed fee based on the currency.

Pros

• Easy integration with WordPress
• Support for international payments
• Trustworthiness due to PayPal’s reputation and buyer protection
• Simplified payment process

Cons

• Transaction fees can be relatively high, especially for international sales.
• Some users report disputes favoring the buyer, potentially posing a seller risk.

Google Pay: Best International Payment Gateway

When discussing global digital wallets and online payment systems, it’s hard not to mention Google Pay.

Google Pay combines simplicity, security, and compatibility, making it an ideal choice for businesses looking to provide a smooth payment experience to an international customer base.

Features

1. Compatibility: Google Pay supports a vast range of devices, not just limited to Android, opening up to a wider audience.
2. Contactless Payments: Just like Apple Pay, Google Pay offers quick, contactless transactions, both in-store and online.
3. Integration with Many Platforms: Whether running an e-commerce store or a subscription service, Google Pay integrates seamlessly with many online platforms.

Benefits

1. Google Pay uses tokenization for each transaction, ensuring customer card details are never directly sent or stored.
2. A simple tap is all it takes to pay. This convenience can lead to reduced cart abandonment and improved conversion rates.
3. With its broad international acceptance, businesses can cater to a global audience effortlessly.

Cost

For businesses, there are no setup or recurring fees for using Google Pay. Standard transaction fees from the payment processor would apply, which can vary.

Pros

• Wide device compatibility
• Quick, secure, contactless transactions
• Broad international acceptance

Cons

• Limited to countries where Google Pay is supported
• Dependence on the payment processor for transaction fees

2Checkout: Best Payment Gateway for Dropshipping

2Checkout presents itself as a robust, secure, and flexible payment gateway solution, offering a suite of features tailored to this dynamic e-commerce model.

With its comprehensive fraud protection and efficient checkout process, 2Checkout makes transactions smooth, secure, and easy to manage for dropshipping businesses.

Features

1. Global Payments: 2Checkout supports up to 87 currencies and 15 languages, making it ideal for dropshipping businesses targeting international markets.
2. Advanced Fraud Protection: With its sophisticated fraud detection systems, 2Checkout ensures that transactions are genuine and secure.
3. Flexible Integration: 2Checkout can seamlessly integrate into most e-commerce platforms, including popular choices like Shopify, WooCommerce, and Bigcommerce.

Benefits

1. Its support for multiple languages and currencies simplifies cross-border transactions.
2. The advanced fraud protection feature ensures businesses can operate with peace of mind, knowing their transactions are secure.
3. The easy integration with popular e-commerce platforms makes 2Checkout a versatile solution for dropshipping businesses.

Cost

• The 2SELL Plan charges 3.5% + $0.35 per transaction,
• 2SUBSCRIBE Plan (for subscription businesses) charges 4.5% + $0.45, and
• 2MONETIZE Plan (for digital goods) charges 6.0% + $0.60 per transaction.

Pros

• Support for global payments
• Advanced fraud protection
• Seamless integration with popular e-commerce platforms

Cons

• Fees are higher than some competitors
• Some users report a stringent approval process

How We Chose Our List of Best Payment Gateways for Small Business

We’re committed to delivering the most reliable, trustworthy, and actionable business insights.

Our goal is to provide practical solutions that drive business success, and choosing the best payment gateways for small businesses is no exception.

Also, our comprehensive selection process is data-driven, transparent, and rigorous, ensuring we consider only the most suitable options for your small business.

Here’s how we curated this list:

1. Extensive Market Research:

We started the process with a deep dive into the payment gateway market. Our research team surveyed the landscape, examining prominent players and lesser-known entities to compile a list of potential candidates.

2. Evaluating Key Factors:

With a preliminary list in place, we turned our attention to an in-depth assessment of each payment gateway. Our selection criteria are based on the key factors that businesses prioritize, including:

• Pricing and Fees: We considered the overall cost-effectiveness, including transaction fees, monthly charges, and any additional costs. We understand that for small businesses, every penny counts.
• Security: Given the importance of trust in online transactions, we assessed each payment gateway for its security features and compliance with industry standards.
• Ease of Integration: We evaluated how easily each gateway integrates with various sales environments, such as e-commerce platforms and point-of-sale systems.
• Customer Service:  Our team factored in the quality of customer support, knowing that timely help can make a significant difference.
• Global Reach: For businesses aiming for international expansion, we took into account the global coverage of each payment gateway.

3. In-depth Review and Evaluation:

We then reviewed each payment gateway against our criteria. We also evaluated how each gateway stacked up against others in the market regarding unique selling propositions and the benefits offered to small businesses.

4. User Reviews and Feedback:

No evaluation would be complete without considering real users’ experiences.

We scoured online reviews, industry forums, and social media discussions, looking for insights into each payment gateway’s performance, reliability, and user-friendliness.

5. Testing and Verification:

Finally, our tech team conducted hands-on testing of the shortlisted gateways, verifying the claims made by the payment gateway providers and ensuring their suitability for small businesses.

This process led us to our final selection – a diverse lineup of payment gateways that cater to various business needs and scenarios.

Whether you’re a freelancer, a global e-commerce operation, or a small brick-and-mortar store going online, our list offers a reliable and trustworthy payment gateway that can enhance your customer experience.

The Bottom Line

As discussed, various options cater to different platforms, currencies, and business sizes.

Yet, GETTRX is a universal solution combining competitive rates, transparent billing, and unparalleled customer service.

If you’re a small business owner seeking a payment gateway that processes payments and champions your business’s growth, this should be your ideal choice.

With our straightforward pricing and robust customer support, your focus can remain on what truly matters – growing your business and serving your customers better.

Frequently Asked Questions (FAQs)

1. What are common payment gateway costs?

Common payment gateway costs usually involve transaction fees, often a small percentage plus a fixed amount per transaction, and monthly fees, which vary depending on the provider.

2. What payment method is best for small businesses?

The best payment method for small businesses depends on their specific needs, but ideally, it should offer transparent pricing, reliable customer service, and robust security. A platform like GETTRX, which provides all these, is a strong contender for the best payment method for small businesses.

3. Is there a free small business payment gateway?

While some payment gateways may not charge setup or monthly fees, transaction fees are typically unavoidable. So, a completely free small business payment gateway might not exist.

4. Do I need a payment gateway and a payment processor?

Yes, you typically need a payment gateway and a payment processor for online sales. The payment gateway authorizes the transaction, and the payment processor moves the funds from the customer’s account to the seller’s.

5. Do I need multiple payment gateways?

Having multiple payment gateways isn’t necessary but can be beneficial for redundancy and offering more payment options to your customers.