Top 7 Payment Gateways in the USA for the E-commerce Store
1. PayPal
PayPal is one of the most popular and top payment gateways in the USA market that offers its services to global businesses and individual users as well.
The company was introduced in 2002 and is currently the most used payment processor. It accepts international and multi-currency payments. Currently, the Paypal payment gateway is available and used in 203 countries all over the world.
Pros and Cons of Paypal Payment Gateway
| Pros | Cons |
| An easy-to-use platform to send money to others. | For business transactions, fees are charged. |
| Provides high-level security and fraud prevention. | For instant access to transferred money, charges 1% of fees. |
| To keep information safe, stores bank or card details in encrypted form. | For any doubtful activity, freezes the account instantly. Only releases money, until you can prove that nothing wrong is done. |
| Offers varied payment solutions, such as on-site and on-the-go payment services. | A tedious process to reach out to customer services. |
| Integrates Seamlessly with most business software. |
2. Stripe
Stripe is another market-leading E-commerce payment gateway service provider, headquartered in San Francisco, California. The company was introduced in the market in 2010 and is currently a fast-growing payment gateway company.
Stripe is an API-based cloud payment gateway in the USA, providing merchants complete control over the payment method they like to integrate. The latest feature company is offering to its customers is to provide a loan in order to make the economy smoother.
Pros and Cons of Stripe Payment Gateway
| Pros | Cons |
| Easy and quick to set up an account. | Limited functionalities for retail businesses and restaurants. |
| Offers flat-rate, transparent pricing with no setup, cancellation or monthly fees. | No discount for small value businesses. |
| Accepts and processes in 135+ currencies and is operational in about 42 countries. | Without software development expertise, Open API and tools are difficult to use. |
| Supports highly customizable checkout flow. | |
| Offers 24/7 customer support via phone, email and live chat. |
3. Authorize.Net
Authorize.Net is one of the most suitable and apt payment gateways for small-scale businesses and is highly preferred among them in the USA market. It is a pioneer company in providing payment gateway services, since 1996.
Authorize.Net is the most suitable payment platform for E-commerce stores that are developed on Magento and OsCommerce-like platforms. It is equipped with a number of add-on features such as a simple checkout system and fraud prevention.
Pros and Cons of Authorize.Net Payment Gateway
| Pros | Cons |
| Accepts all major digital cards. | User interface is not user-friendly. |
| Broad support for multiple currencies. | Account setup and monthly gateway fees are quite high. |
| Provides robust security and anti-fraud feature. | An all-in-one option may confuse some customers. |
| Supports recurring bills i.e. month-to-month billing with no long-term contracts. | |
| Excellent customer support and services. |
4. Amazon Pay
Amazon an E-commerce store, introduced its payment gateway services in 2007 for its customer base to ensure effortless transactions on its platform. In no time, it became a very reliable and promising E-commerce payment gateway in the USA market.
The users are not enforced to pay only to Amazon merchants, however, they can securely pay to external websites and apps as well. In 2019, Amazon Pay associated with WorldPay to facilitate its customers to accept payments through the Amazon Pay payment gateway.
Pros and Cons of Amazon Pay Payment Gateway
| Pros | Cons |
| No setup cost and hidden fees is charged. | High transaction fees, especially for inexpensive goods sellers. |
| Introduces regular feature upgrades. | Sometimes fund withdrawal takes 2-3 or more days to clear dues. |
| Ensures to maintain A to Z customer protection. | |
| Supports multi-currency processing and provides services in 18+ countries. | |
| Promotes transactions and minimizes cart abandonment. | |
| Amazon integrates Alexa to support easy order status tracking and promotes customer satisfaction. |
5. 2CheckOut
2CheckOut (2CO) is one of the top payment gateways in the USA, especially for E-commerce businesses. It is recently acquired by VeriFone – a worldwide leader in commerce and payment solutions. It is an all-in-one monetization platform that helps businesses to maximize their revenue.
2CO payment gateway can accept payments from 200+ countries and territories. Based on the chosen subscription plan the facilities and services changes. However, it offers 45+ online and offline payment modes to its individual customers and retail businesses.
Pros and Cons of 2CheckOut Payment Gateway
| Pros | Cons |
| Available in 29+ different languages and supports payment processing in 100 currencies. | Conversion rates are 2-5% higher than average bank rates. |
| Supports advanced fraud protection and management. | Cannot process card present transactions. |
| Offers 3 types of subscription plans to facilitate varied users and businesses. | |
| Charges no setup or monthly fees. | |
| Provides 24×7 technical support and a dedicated account manager for the business. |
6. PaySimple
PaySimple is a new-age e-commerce store payment processing system in the USA market. It is a SaaS-based platform introduced in the market to infuse a new life to small and medium-level businesses and E-commerce stores.
This modern E-commerce payment gateway system accepts all major credit cards and e-check payments. PaySimple offers a quick and easy way of payment to its customers. The only drawback it has is, it is only available for the USA-based market and users.
Pros and Cons of PaySimple Payment Gateway
| Pros | Cons |
| Easy to set up and activate the profile. | Have a lot of hidden charges. |
| Ideal for small-to-medium scale service-based industries. | Does not support international businesses and brands. |
| Supports e-check processing and payment. | |
| Provides excellent customer support services. | |
| Is equipped with advanced technologies – supports all types of financial transactions. |
7. WePay
WePay is a very popular and strong online payment gateway that offers high-quality security to its customers and businesses. WePay is a great option for e-commerce stores to integrate with their business platform.
WePay’s services and API are more inclined towards crowdfunding portals and are organized for that types of payments. It supports instant onboarding with no additional charges. It allows customization for businesses to shape their customer’s checkout experience through the WePay payment gateway. Its API and services work well for crowdfunding.
Pros and Cons of WePay Payment Gateway
| Pros | Cons |
| It offers customization to redesign the customer experience during checkout. | Overall processing rates vary from platform to platform. |
| It doesn’t charge any additional and instant onboarding facility. | Customer Support is not up to the mark. |
| Eases and fastens the E-commerce checkout process and minimizes cart abandonment rate. | Suitable for only larger businesses that want to offer services for merchants. |
| Provides robust and secure payment facility. | |
| Supports the use of Apple Pay and ACH payments. |
