A payment gateway allows people to carry out online money transactions securely. Basically, it facilitates communication between the bank of customers and a merchant and makes the payment process easy and smooth. There are numerous payment gateways available today for one to choose from.
It is very important for a merchant to use an ideal payment gateway for his site. Selecting a payment gateway is an important task as there are various other things involved with it. There are a plethora of factors that one must keep in mind before choosing a payment gateway that needs to be integrated with the website. A merchant needs to keep in mind the scale of the business, amount of transactions that would be processed, payment methods that the gateway accepts, currencies and languages supported and much more.
There are many payment gateways that offer excellent services and make it simple for the merchants to handle the online payment processes. Famous and leading payment gateways in Sweden are enlisted below:
Start-ups or businesses that process a lesser number of transactions can go for Nochex. It is a popular payment gateway in Europe and has gained a lot of credibility over the years. Nochex is one of the leading independent British companies that make payment solutions easier and smooth. Nochex accepts a merchant account within two days and does not have any monthly or annual fees. Fraud protection, management, and settlement charges are also not imposed. Integrating a Nochex merchant account is an easy process and Nochex also provides all standard features offered by other merchants. Customers are directly redirected to Nochex for getting the payment processed safely and hence no SSL certificate is needed for the merchant site. The fees for installation are £50 and 2.9% + £0.20 is charged per transaction.
2. Dibs Payment
DIBS payment is a Swedish company that was founded in the year 1998. It fixed the problem of complex and unattractive payment windows as its DX platform enables users to design their own unique payment window. DX then automatically adapts itself to various devices like mobile phones, tabs, computers, etc. It also has a feature of remembering customers so the next time they make payments, it can happen with just a click. Features like invoice payments, recurring payments, B2B payments, and card payment options are also offered. DIBS Payment was acquired by Nets in 2014.
Braintree is a third party payment gateway and deployed its operations in countries like Australia, Canada and most countries of Europe lately. It works with a number of banks across the globe, supports numerous payment methods and supports the use of multiple currencies. It makes user experience worthwhile as it saves the billing data safely and uses it for recurring billings. It is amongst the leading payment processors in the world. It is renowned for its advanced levels of fraud detections and protection methods.
4. Quick Pay
The quick Pay payment gateway is a good option for any business as it provides various features and approves payments by various payment methods like credit cards, debit cards and many other methods like PayPal and Sofort Banking. It also supports multiple currencies and makes the transactions hassle-free. The fee to be paid per month is €25 for up to 500 transactions that take place; after 500 transactions this amount is reduced to a range from €0.0067 to €0.015. All the pricing information is available on the website of Quick Pay.
WorldPay integrates all payment processes with a single partner for processing, reporting, and revenue-driving solutions. It is not only popular in the UK but has gained a lot of name and credibility in many countries in Europe. It is a well-suited payment gateway for all types of business whether big or small as it offers various features to make things simple and efficient. WorldPay has an all-in-one package that makes it smooth for the merchants to deal with online payment collection. The package just requires an internet merchant account that accepts credit cards as well as other payment methods. It imposes charges on the basis of volume, risk and other factors.
WireCard is among the top payment gateways in Sweden and has an international presence. It offers global payment acceptance and enables one to issue his own payment instrument. It also provides digital banking and other commerce services. It has over 5300 employees and a customer base of about 279000 customers. It allows the use of multiple languages and currencies and is an excellent one-stop payment solution. It accepts all major credit cards and also allows other methods that include Electronic Funds Transfer (EFT), iDEAL, Giropay, PayPal payments, mobile payments and more. WireCard charges a monthly fee of €9.90 post-installation.
For start-ups and small businesses that do not want to invest a lot of money, Stripe comes to the rescue and enables them to integrate this fine gateway with their e-commerce site. Stripe does not charge monthly or any set-up fee and handles almost everything on its own. It is really good for WooCommerce integration and does not have a customer base only in Sweden but in many other countries like America, UK, Canada, Australia and more. The processing fee for stripe is 2.9% + $0.30 per transaction and other charges are paid as you go.
Paymill is a renowned payment gateway in Sweden and is a great option for start-ups and small businesses too. It accepts many payment methods including PayPal, credit cards and other methods. It also provides an easy integration of direct debit into the online checkout together with the payment methods to increase conversion and hence, makes the user experience even better while making it profitable for the merchant. It does not have any monthly fee or set up fee and charges just €0.28 per transaction. Paymill makes payment settlement in just two banking days.
2checkout is a popular payment gateway that allows payment methods like credit cards, debit cards, and PayPal. It has an affordable cost structure and does not have any set-up charges or monthly fees while the processing fee is just 2.9% + $0.30 per domestic transaction. It improvises user experience by processing credit cards directly on the merchant’s site so one does not need to be redirected to different pages. It supports 15 languages and numerous currencies.
Klarna has emerged as a strong and credible gateway in very little time and has become the most valuable European fintech startup. The company takes care of invoicing and money collection for retailers and makes sure customers only pay for the goods they order. It enables merchants to access pre-configured tool-kits and developers built codes for the e-commerce platform. It has many leading and renowned brands as its clients that include Expedia, Michael Kors, Abercrombie and Flitch, River Island, H&M, Microsoft and more.
In today’s world, almost everything is digitized. People prefer online shopping for everything as they can scroll a thousand options there, compare prices and then select the best option while this is a very hard task if done physically. Though online shopping comes with a lot of advantages, the risk of online frauds is a major drawback. Hence, merchants need to make the payment process very safe for their customers and impose the ideal safety measures which include choosing the best payment gateway for their site.