Top 10 International Payment Gateway Providers Globally

The digital economy has grown 2.5 times faster than the global GDP over the past 15 years. In 2021, the sales of retail eCommerce worldwide surpassed $4.9 trillion. This figure is expected to increase by 50% over the next four years, reaching over $7.4 trillion by 2025. It demonstrates indisputably how corporations are shifting their focus to the enormous online market. Both merchants and customers around the world are transitioning to cashless transactions.

Customers will eventually lose confidence in you, which can result in a decline in sales and customer engagement. The payment gateway plays a critical role in the purchasing experience of the customer. A reliable payment gateway should be easy to use, quick, safe, and efficient.

Merchant working in multiple countries needs an international payment gateway. That must be available globally, support multiple currencies and payment methods.

The ideal payment gateway ensures the customer’s security and privacy while expressing confidence. A good payment gateway should enable businesses to securely accept several payment methods (debit cards, credit cards, wallets, etc.) both online through a mobile app or website and POS (in-store).

What is a payment gateway?

The technology moves money from a customer to a merchant by distributing financial data to the required parties for payment authorization.

How does a payment gateway work?

For better understanding, we simplify the process in Step-by-Step mode.

Step-I-  The customer places the goods or services he/she wants to purchase in their shopping cart and then proceeds to the payment page.

Step-II- The customer is next prompted to enter the credit card or debit card information, which includes the card number (credit or debit), the name of the cardholder (as it appears on the card), the expiration date, and the CVV number.

Step-III- The data is securely transferred to your payment gateway after submission.

Step-IV-  Before sending the card information to the acquiring bank, the payment gateway first encrypts the card details and performs a security check.

Step-V-    The acquiring bank securely transmits the data to the concerned card schemes, including    Visa, Mastercard, Maestro, Rupay, etc.

Step-VI-   The card schemes perform an additional layer of security checks before transmitting payment information to the issuing bank. The issuing bank approves the transaction after doing a security and fraud check.

Step-VII- The payment gateway then transmits the approved or denied message to the merchant on behalf of the acquiring bank. If the transaction is successful, the acquirer will obtain payment from the issuing bank and hold the amount in the merchant’s account. Based on the high risk payment gateway message, the merchant may either display the order or payment confirmation page or advise the client to retry with another payment option. The top payment gateway facilitates smooth transactions, which occur in the background in real time and take less than a second to complete.

What factors should you consider while selecting a payment gateway?

It has become quite difficult to select the best international payment gateway for your business. Before selecting a payment gateway, you must ensure the availability of a few key components. You need to check the following features, to name a few.

Security- High-risk international payment gateways must comply with PCI-DSS, CVV Checker, geological tracking, and fraud scoring and be integrated with 3D security.

Customization- A payment gateway must be easily integrated and customized according to a merchant’s requirements.

Customer Support- Round-the-clock Customer support is a necessity for an international business. Customer support should be available in regional as well as international languages that provide quick & easy solutions to any issue.

Payout Time- The best payment gateway service providers offer payouts promptly. Examine the payout time frames before integration. The usual payout varies from business to business and maybe weekly or biweekly.

Multi-currency & Multilingual- If your business is multinational, make sure your payment gateway accepts multiple currencies and provides multilingual support. As customers all around the world use different currencies and languages, you should be prepared to accept a range of currencies with ease.

Industry support- If you are an entrepreneur, then you must ensure, before choosing an international payment gateway, that it supports your current industry as well as your future venture. Also, ensure that if you are a high-risk merchant, the service provider is available to give you a high-risk payment gateway.

List of Top 10 International Payment Gateway Providers Globally

You now understand what a payment gateway is, what an international payment gateway is, how a payment gateway works and what to consider when choosing a payment gateway.
You can now decide which one you should choose. To help you pick, we have compiled a list of the Top 10 International Payment Gateway Providers Globally after comprehensive research so that you can easily choose one.

  1. Melio
  2. Stripe
  3. 2Checkout
  4. Authorize.Net
  5. PayCly
  6. BlueSnap
  7. Paypal
  8. Skrill
  9. PayU
  10. Amazon Pay


We are all aware that an international payment gateway is one of the most significant components of launching a worldwide eCommerce business to take payment in numerous modes and currencies. Additionally, we covered every facet of payment gateways here and gave you a list of the Top 10 Global International Payment Gateway Providers. We advise you to pick any one of them, and we wish you luck in the future.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also
Back to top button