Payment gateways of United kingdom– a comparison
Online businesses are the new trend nowadays. Payment gateways are the connecting link of customer with the merchant for secure transfer of money. United Kingdom also supports various payment gateways. Choosing a best payment gateway may lead to confusion about the service and security and other required features they offer. PayPal is the most popular gateway in UK due to its simplicity. It is operated by eBay and allows people to pay through credit and debit card and through PayPal account. Transaction without currency conversion is not charged while international transaction and payment through credit card may incur some charges that is 3.4% + 20p.
Sagepay is the independent gateway in UK and it is well respected company. It offers anytime free customer support and the packages are Flex and Plus. Flex plan costs £19.90 monthly fee for 350 transactions. Plus plan costs £45 per month for 500 tokens. For credit card 1.99% and for Debit card 40p is collected. Amazon is a largest shopping website in UK. The company itself invented a payment gateway for them called Checkout by Amazon. Pricing of Amazon Payments is 3.4% + £0.20 for a transaction. Stripe UK is newly introduced in UK after its success in US. They charge 2.4% + 20p for each successful transaction. It is very simple and does not charge any additional fees for different cards and different currencies and different payments.
Worldpay is the world’s leading payment company and almost 20 years old. Still this payment gateway works with millions of pounds of transaction every month. It also supports charity by offering special discounts. 2checkout is a global payment gateway that accepts PayPal payments as well as credit and debit card payments. Simple pricing of 2checkout in UK is 5.5% + 45¢. Authorize.net is a Payment gateway that is a natural choice of European merchants. It supports debit cards and credit cards and currencies such as GBP, Euros and USD. Monthly fee of £19 and 2.25% + £0.15 for each transaction is charged.
PaymentExpress is a highly innovative payment gateway that accepts major cards. It also attends to payments in the runtime. The charge for transactions is collected on the basis of number of transactions made in one month, setup fee, overage fee and monthly service fee. Braintree is a payment gateway which can be easily integrated with PayPal to accept one time as well as recurring payments. Its pricing range is 2.9% and $0.30 per transaction. GoCoin is supported by Shopify payment gateway so that the integration is faster. Customers can pay using Bitcoins, Litecoins and other cryptocurrencies. Pricing is collected according to plan. Basic is $29/ month, Professional $79/month, unlimited $179/month. It is also provided with starter plan of $14/month.