Payment Gateway Charges - Simple & Transparent Pricing (2024)

FAQs

What are the charges of a payment gateway? ›

The cost of facilitating transactions between you and your customer is the payment gateway charge. Usually, a small percentage of the online payment amount is deducted as payment gateway charge, which may vary depending on the mode of payment used by the customer.

One common pricing strategy for white label payment gateways is per-transaction pricing. This model charges a percentage or a flat fee per transaction processed. This pricing strategy is suitable for businesses that process merchants with a large number of transactions and high-value transactions.

Merchants incur transaction fees for each payment processed through the gateway. These fees can vary between providers and may include charges for currency conversion, chargebacks, and other services. Businesses must factor these fees into their overall cost structure and pricing strategies.

A pricing strategy is a plan for setting the best price for your products or services. The goal is to set a price that will entice customers to buy, but that isn't so low that you're not making a profit.

This is in exchange for having the payment securely processed by a credit card network. In most cases, credit card processing fees will run between 1.5% to 4% of the total value of a transaction. A $1,000 transaction, therefore, could have fees ranging from $15 up to $40. The overall impact depends on your margins.

A payment gateway is a network that collects, verifies and performs fraud checks on customer's credit card information before sending it to the payment processor. A payment processor is a service that routes a customer's credit card information between the customer's bank and the merchant bank.

Payment gateway charges are calculated as a percentage of an online payment amount and vary according to the type of online payment methods used by the customer.

Is there any risk if we use payment gateway? ›

These risks include: Fraud: Payment gateways are vulnerable to fraud, such as identity theft and phishing scams, which can lead to unauthorized transactions. Data breaches: Payment gateways store sensitive financial information, including credit card information and bank account information, which can be hacked.

PayPal POS

A payment solution that caters to a variety of business requirements, PayPal ensures secure transactions for both online and in-person sales. It's easy to implement, with compatibility on all major ecommerce platforms, simplifying the process of connecting an online store to a PayPal Business account.

While PayPal charges 2.5% for every transaction, Paytm charges you 2%. Which is the cheapest payment gateway? Cashfree Payment gateway is as of now, one of the cheapest payment gateways in the country. This offers the lowest TDR.

PayPal is free for online and in-store consumer transactions without currency conversion. For commercial transactions for merchants, PayPal charges fees that are a percentage of the amount (ranging from 1.90% to 3.49%) plus a fixed fee per transaction.

While PayPal charges 2.5% for every transaction, Paytm charges you 2%. Which is the cheapest payment gateway? Cashfree Payment gateway is as of now, one of the cheapest payment gateways in the country. This offers the lowest TDR.

Payflow Payment Gateway starts at $0.00 per month with no startup fee.