Which E-commerce Payment Gateway And Why? - Web Imp
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Which E-commerce Payment Gateway And Why?

Khairul Khairul • September 7, 2015

Running an e-commerce business in Singapore? Too many e-commerce payment gateway options? Don’t know which to choose? I can probably provide you with some insights. Read on!

To begin, we are an ecommerce website design company in Singapore, and our clients come from all sorts of industries.

Why am I telling you this?

Not to brag of course! But this should tell you that what I’m about to tell you is credibility, and not complete bull***t.

Anyway, let’s move on.

Oh yes, one last thing. The prices stated in this article are in SGD, unless I specifically state otherwise.

In short, an e-commerce payment gateway is an application service provider that authorizes payment for e-businesses, e-commerce, and ‘bricks and clicks’ businesses.

E-commerce payment gateways allow you to list your merchandise or services online and automatically process credit cards, debit cards or other forms of payment without so much as lifting a finger.

Let’s compare some of the more popular e-commerce payment gateway options.



What I can say about Paypal is that it is truly globalised. It is one of the most popular e-commerce payment gateways in the market.

Paypal is a global e-commerce gateway payment business which allows payment and money transfers to be made over the internet. With only an email address needed to sign up, you can begin sending and receiving payments.

In addition, PayPal offers a “merchant services” division that allows businesses of all sizes to accept credit card payments much like a normal merchant account, with low transaction fees.

  • Accepts: MasterCard, Visa, Discover, American Express and more.
  • Sign up fee: 0
  •  Transaction fees: 3.9% + $0.50 SGD, and lower (If you have high volume).
  • Countries supported: 190+countries. (List)

Learn more:  Setting up Paypal on your website



The second candidate is 2Checkout, also called “2CO”. 2Checkout is a merchant account alternative founded in 2000 that allows online merchants to accept credit card payments from their customers.

2Checkout is an e-commerce payment gateway that helps your business go worldwide easily with 8 payment methods, 15 languages, and 26 currencies.

Your international customers will feel confident if your website uses this gateway.

2Checkout partners with dozens of the most popular online shopping carts and invoicing systems to allow simple integration, including Joomla shopping cart extensions such as redSHOP and VirtueMart.

To start using this e-commerce payment gateway, you just need to sign up with 2Checkout by submitting an application. Wait for the application to be approved, then your site is up and running.

  • Accepts: MasterCard, Visa, Discover, American Express, Diners, JCB, Debit cards with the Visa or MasterCard logo, PIN debit cards with the Visa or MasterCard logo, PayPal
  • Sign up fee: 0
  • Transaction fees: 3.9% + $0.45 SGD
  • Countries supported: 200+ countries worldwide (List)

Google Wallet


Chances are, you haven’t really heard about Google Wallet before. So what is it?

It is kinda like a mobile payment system that stores debit cards, credit cards, loyalty cards, and gift cards among other thing.

Users can send and request for money, for free. You can quickly cash out to your bank account, or spend it using your Google Wallet Card or even withdraw money at participating ATMs.

Wait, there’s more. You can also use its NFC techology to tap and make payment (kinda like our Ezlink Cards in Singapore.)

Since more and more people are using smartphones and other mobile device, this type of e-commerce payment gateway that provides the service to shop anytime and anywhere they want is getting more popular.

You will see an increase in your customers once you implement Google Wallet as one of your e-commerce payment gateway in your site.

  • Accepts: MasterCard, Visa, Discover, American Express
  • Sign up fee: 0
  • Transaction fees: Adding money directly from your bank is free, but to add money from your credit or debit card, there is a flat 2.9% fee.
  • Countries supported: US and UK currently. (Not in Singapore yet, sadly)

Learn more at Setting up Google Wallet for your website


Authorize.net button3

Since 1996, Authorize.Net has been a leading provider of e-commerce payment gateway services, managing the submission of billions of transactions to processing networks on behalf of merchant customers.

Authorize.net is a solution of CyberSource Corporation, a wholly owned subsidiary of Visa. There are many people using Authorise.net, although less than Paypal.

  • Accepts: Visa, MasterCard, American Express, Discover, Diner’s Club, JCB
  • Sign up fee: USD$49.00
  • Transaction fees: 2.9% + USD$0.30
  • Additional fee: Monthly Gateway fee – $20
  • Countries supported: US and Canada Currently

Lear more Getting started with Authorize.net

Amazon Payment


Well I think everyone know this giant e-commerce payment gateway. 

Amazon payment is a service launched in 2007 by Amazon. This powerful and flexible payment engine allows users who are already familiar with and trust the Amazon brand to purchase goods from your website using their Amazon customer ID.

You and your customers may well feel more secure as a result of an association with the prestigious Amazon brand.

Amazon provides 2 products for business: Checkout by Amazon (CBA) and Amazon Simple Pay (ASP). You can choose which one best suits your business’ size.

  • Accepts: Visa, MasterCard, Discover, American Express, Diners Club, and JCB.
  •  Sign up fee: 0
  • Total Transaction fees: 2.9% (Domestic Processing Fee) + USD$0.3 (Authorization Fee)
  • Countries supported: 28 countries (List)

Learn more Getting started with Amazon payment



Payza is yet another quick and convenient method to receive funds from customers.

With over 9 million members, Payza offers its services in 197 countries and in 21 different currencies.

Payza offers foreign exchange services, fraud screening services, email invoicing, mass and single remittances and business management tools.

If you use Payza it means you will have access to many great tools such as checkout payment buttons, shopping cart integration, merchant marketing kits, online invoicing and payouts.

  • Accepts: MasterCard, Visa, Discover, American Express, Diners, JCB, Debit cards with the Visa or MasterCard, PayPal
  •  Sign up fee: 0
  •  Transaction fees: Send fund is free. Receiving Fund is 2.50 % + $0.55 SGD
  •  Countries supported: 190+ countries (List)

Lear more Getting started with Payza



QuickPay is another safe choice for online payment transactions.

QuickPay works with all common credit and debit cards as well as other popular e-commerce payment gateway methods such as Paypal, Sofort Banking and other e-banking facilities.

With QuickPay payment solutions, there are no sign-up fees and you can access all common payment types within the one solution. Also, they have a great API to code with.

  • Accepts: MasterCard, Visa, Maestro, Discover, American Express, Diners, JCB and more (List)
  • Sign up fee: 0
  • Transaction fees: €0.015 – €0.067 each.
  • Additional fees: Monthly fee: €25
  • Countries supported: All European countries.

Learn more Getting started with Quickpay



Last but not least, Sage Pay delivers secure and efficient e-commerce payment gateway services processing millions of payments each month for over 40,000 businesses.

Payments are processed securely online and over the phone with streamlined integration to your website or e-commerce platform.

There are no contracts or hidden fees, however, the merchant account application process can take quite a long time, about 5-10 working days.

  • Accepts: MasterCard, Visa, Maestro, Discover, American Express, Diners , JCB, PayPal and more.
  • Sign up fee: 0
  • Transaction fees: ₤25 per month (0 – 1000 transactions) / 10 pence each (1000+ transactions).
  • Countries supported: United Kingdom and Ireland

Learn more Getting started with Sagepay


This list is just for reference, but all of them are popular and used by many online stores and people all over the world.

Consider this list when deciding what your options are. Feel free to tell me your thoughts about these options by leaving a comment right here.

Understanding Merchant Accounts and Payment Gateways

After you have an e-commerce website and an e-commerce plugin,  you’re also going to need what’s called a payment gateway and a merchant account to get paid.

merchant account is what allows you to accept credit cards and get the money. A customer buys something, the money goes into your merchant account and from there can be transferred to your business bank account (cha-ching!).

payment gateway is what enables the credit card transactions to take place. It’s a layer of processing that interfaces with your e-commerce site and your merchant account.

This is where security, encryption and all that important stuff come into play.

While you need both a payment gateway and a merchant account, they often come bundled together.

Many of the simpler services today bundle the payment gateway and merchant account, which makes things easier for you but also limits some of your options.

Setting up your own merchant account is also a lot more involved, so sometimes it’s faster to go with a bundled service.

Want to know more how a good e-commerce web is made up of? Watch our free video here.

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