Our Guide to Payment Gateways

With E-Commerce websites being so prominent and popular it is no wonder that there are more and more gateway payment methods available to us. Gateway payment methods are services provider that enable credit card payments for e-businesses and online retailers.

sagepay

Sage Pay

Sage Pay is the biggest independant gateway provider in Europe, therefore this UK Gateway Payment is associated with security and wealth. With any extra transaction costing an extra 10p, it may not be the best one for you if you process small transactions. For charities that handle a lot of transactions, Sage Pay may be worth the extra costs. Sage has a rate of 1,000 transactions per quarter for £25 a month.

PayPal

PayPal

PayPal is a commonly known UK Gateway Payment and is linked with dealing with transactions of Ebay. Online money transfers stands in for the traditional cheques and money orders. PayPal is a system that is easy to manage and you can look at all ongoing and previous transfers, whilst also being able to electronically transfer money into your bank from your PayPal account. The rate of PayPal is dependant upon the amount of transactions are made, charities can get special rate of 1.4% +20p.

Checkout by Amazon

Checkout by Amazon

Amazon is a massive worldwide company, known by the majority of people. Checkout by Amazon ensures customers have the same experience of Amazon.com, allowing customers to purchase products online. Prices start at 3.4% +20p per transaction for account that obtain less £1,500 per month and fall to 1.40% per transaction for those earning over £55,000 per month.

Stripe UK

Stripe UK

Stripe is a fast growing gateway payment, originally from the US, now launching its service in Europe. With a starting rate of 2.4% + 20p per single transaction, Stripe is a good deal. It offers no extra charges for different card, payment methods or currencies. Although it does not work out the cheapest of the six, it is the simplest. They are also new to the UK, having previously been successful in the U.S.A and Canada and therefore proved they are successful.

World Pay

Worldpay

With millions of pounds worth of transactions behind them, Worldpay have been going strong for nearly two decades and were one of the first payment services on the web, almost twenty years ago. Similarly to Sage Pay, Worldpay are a strong contender because of their security and experience in the industry. Their experience does come a bit more expensive at 2.75% transaction fee for credit cards and 39p for debit cards. For charities, Worldpay will will offer discounts and will compromise their starting setup and monthly fees. As there are many UK gateway payments to choose from there is a lot to consider. It is important to consider more than just the price. As all offer different things; it is important to consider, what is the most important thing for your charity? Security, support, clarity or pricing? Finding the right balance of these and then finding the perfect of these can be a difficult job. Hopefully this article will guide you to the best gateway that will suits your needs.

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