Australia’s top three online payment gateway providers
Nov
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Last Updated on 2 years by Lyn Vu
If you want to start an ecommerce store selling online, whether you will be selling fresh flowers, uniforms, food, and beverage, it is crucial to find the right payment gateway that will best suit for your business. In order to maximise sales conversion and cut down on shopping cart abandonment, you should provide your clients with a variety of payment choices. Simply put, in order to accept payments from customers via the Internet such as ecommerce website, you will need to have a payment gateway. A payment gateway is a method that allows your online store to accept payments from customers using credit cards such as Visa, Master, Amex, Dinner cards.
In this article, we take a look at over a dozen different payment gateways and assess them according to the services they provide, the transaction fees they charge, how easy it is to use the gateway, which integrations it supports, and any other relevant factors. Listed below are the five most prominent payment gateway providers in Australia.
The perfect payment platform for any business in Australia
Table of Contents
1- eWay
Best Overall
eWay is an online payments gateway provider that has won multiple awards. The company was founded in 1998 with the intention of simplifying the process of making online payments, to this day, they remain committed to keeping that promise. The safe and dependable online payment gateway provided by eWay makes it simple for you to take payments via credit card from anyone, anywhere, and using any device. The straightforward and secure online payment options and gateways.
When you use the eWay payment gateway, there is no need for you to go through your bank in order to use their online merchant facility. Instead, eWay will take care of everything that you require in order to manage your payments. For more information regarding eWay’s offers, please visit www.eway.com.au.
eWay’s online payments pricing start with No setup fees, monthly fees or lock in contracts at @ 1.5% + 25c per Visa and MasterCard transaction. This fee will be applied to both domestic and international cards. eWay offer 3 different payment gateway solutions to meet your business needs, more details visit
The cost structure for online payments offered by eWay start with 1.5% plus 25 cents for each Visa and MasterCard transaction. There are no setup fees, monthly fees, or lock-in contracts involved. This fee will be applied to both domestic and international cards.
|
Transaction Type (eWay) |
Rate |
|
Visa and Mastercard transaction (domestic & international card) |
1.5% + 25c per transaction |
|
Amex transaction (domestic & international card) |
2.1% + 25c per transaction |
|
Chargeback fee |
|
|
Setup and monthly fee |
No cost |
eWay provides three distinct payment gateway solutions to accommodate the requirements of your company; for more information, visit their website. https://www.eway.com.au/online-payments/#pricing
Need help to setup eWay payment gateway? Contact us
How long does it take to apply for eWay?
Based on what our customers have shared us about their experiences with eWay, the approval process for new accounts usually takes between 3 and 5 business days, as long as all the necessary documents are submitted. Visit this page to fill out an application for an eWay payment gateway.
2- Stripe payment gateway
Stripe is a financial infrastructure for the internet that provides businesses with a full payments platform that lets them accept payments directly on their online store and mobile. With Stripe payment gateway, your customers will be stay on your store during checkout instead of being sent to an externally hosted checkout page, this feature will simplify the checkout process for a better conversion rate.
Over 40 countries currently have access to the Stripe platform for their business needs. With Stripe, you can accept all major debit and credit cards as well as Apple Pay, Google Pay, and other local payment options, such as Alipay or iDeal.
Stripe’s pay as you go pricing for online payments includes a transaction fee structure of 1.75% plus 30 cents for domestic credit cards and 2.9% plus $0.30 for international cards. There are no setup fees, monthly fees, or lock-in contracts involved. Visit https://stripe.com/au/pricing for more information on Stripe’s transaction fees.
|
Transaction Type (Stripe) |
Rate |
|
All major credit cards (domestic card) |
1.75% + 30c per transaction |
|
All major credit cards (international card) |
2.9% + 30c per transaction |
|
Chargeback Protection fee |
https://stripe.com/au/radar/chargeback-protection
How long does it take to apply for Stripe?
According to the feedback we’ve received from our customers regarding their experiences with Stripe, the approval procedure for new accounts typically takes one business day. They will contact you as soon as possible via email if they anticipate a longer delay in the processing of an account approval or if they require further information concerning your business. To submit your application for a Stripe payment gateway, please visit this page.
https://dashboard.stripe.com/register
Need help to setup eWay payment gateway? Contact us
3- Paypal payment gateway
The PayPal payment gateways are a comprehensive system designed to serve a wide variety of businesses and their customers. By using the PayPal gateway, you can reach the more than 425 million PayPal users across the globe. Payment gateways are the “checkout” pages of online retailers, where the customer will be redirect to paypal page which facilitates, processes, and authorizes banking or credit card information to collect payments on the merchants’ behalf. PayPal is an example of a payment gateway which is popular, secure, and safe in ecommerce.
|
Transaction Type (Paypal) |
Rate |
|
All major credit cards (domestic card) |
1.75% + 30c per transaction |
|
All major credit cards (international card) |
2.9% + 30c per transaction |
|
Chargeback Protection fee |
0.4% per transaction |
How long does it take to apply for Paypal?
With a PayPal business account, getting up and running may be accomplished in as little as 30 minutes. Because the registration procedure is conducted entirely online, straightforward procedures wherever it is most convenient for you. Bu to verify your account, they will make two small deposits, less than $1 each into the bank account that you provided, and it usually takes approximately 3 to 5 business days to complete the approval process.
Final thought!
When it comes to the management of a small business, having lower overhead expenditures typically translates to improved profit margins as well as an increased bottom line. When a transaction is processed through Paypal, the merchant is charged a fee of 2.9% plus 30 cents. This means that the total amount collected from a transaction of $100 is reduced to $96.80. Given this figure, why don’t you take advantage of the offers from eWay or PayPal Stripe? Please let me know what your thoughts are on this matter.
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