Ecommerce Payment Gateway Comparison 2020

7th April 2020

50% of online shoppers would cancel their purchase if their preferred method of payment was not available. Source

Therefore when it comes to choosing payment gateways for your ecommerce website, it is important to keep in mind the benefits that each payment gateway brings, not only to your company, but also to the customer, which will in-turn inevitably benefit your company.

Some of the most popular payment gateways that you should consider for your ecommerce website include:

Below is a table comparing the pros & cons of each payment gateway:

Set Up CostFREE *costs apply to Payment Gateway Pro accountsFREEFREEFREE
Monthly CostNone£19.95 Pay monthly or £0 Pay as you go£20.90 Flex Plan or £45 Plus PlanNone
Charge Per Transaction3.4% + 20p per transaction for sales under £1,500 a month and 1.9% + 20p per transaction for sales of up to £55,000 a month2.75% for Credit Cards and 0.75% for Debit Cards on Pay monthly or 2.75% + £0.20 (applies to both credit and debit cards) for Pay as you go2.09% for Credit Cards and 0.74% for Debit Cards1.4% + 20p for European cards, 2.9% + 20p
for non-European cards
Free Transactions Per MonthNoneNone350 free transactions for Flex Plan then £0.12 per transaction or 500 for Plus Plan then £0.10 per transactionNone
Time Before Money Becomes AvailableImmediately* merchants must supply full bank account number and sort code for withdrawals3-5 days3-5 days7 days
Discount For Non Profit OrganisationsYes - 1.4% + 20p for all transactionsYes - Extra Credit schemeNoYes - Negotiable Fee discount

View this table as a PDF

Has this blog helped you decide which payment gateway is best for your ecommerce website?

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