Top Payment Gateways in UAE

If you are thinking of starting a business in UAE, you must have already known about the essential aspects related to it. Gone are the days when there were only required appropriate business models and the right strategy to market goods & services in order to make businesses successful. Nowadays, the scenario has changed a lot as customers’ expectations are higher than before.

To fulfill the expectations of customers, businesses now hire eCommerce developers who are experts and skilled enough to provide them with digital wallet development services. With mobile app development, businesses are prioritizing integrating multiple payment gateways into it. the reason behind it is that customers are now preferring to use apps that facilitate them with secure and different payment options so that they can do payments with ease.

With digitalization, there is no one left who doesn’t know about payment gateways. And, as an effect, currently, ventures are favoring different kinds of payment options when it comes to create an app.

Therefore, businesses invest more time looking for suitable payment gateways for their online store to attract more audiences. It is necessary to choose the right options, otherwise, it can cause havoc for your business.

To make the best use of payment gateways, you must know the significance of integrating them. It helps in augmenting the customers’ buying experience and should be secure, fast, swift, and reliable. If you want to know about top payment gateways in the UAE, you must go through the below article. Let’s see what this article comprehends-

What is Payment Gateway?

A payment gateway is considered a transaction processing technology used to analyze, gather, and send out the card information taken from the buyer to the acquirer. It works as a service that approves and processes credit/debit card or PayPal payments for standard brick & mortar businesses or online merchants.

It can be said a middleman between a merchant and customers. Payment gateways accomplish these transactions by encoding sensitive data and shifting it between a payment portal (either a mobile device or a website) and the bank or front-end processor.

Payment gateways can simplify the way merchants process card payments. It protects the sensitive payment data of customers as it transmits it from the trader to the acquirer and then, the issuer uses data encryption.

The gateway goes by a lot of strict procedures for data security outlined by the PCI-DSS compliance standard comprising yearly audits and recertifications to assure the standard’s validity.

How Does A Payment Gateway Work?

Now, you have got an understanding of what is a payment gateway solution, it is time to move on to how they work. You have to agree that choosing the best mobile app development company is not enough as you must also know what way payment gateway integration will work best for your business. Look at the following steps-

• Step 1 – Choosing the payment method: First, customers choose the service or product they want to have and then proceed with the payment options of an eCommerce website. There are available different options to choose from the customers.
• Step 2 – Enter Required Information: The customer can enter his debit/credit card details to move forward with the payment page. The details include the cardholder’s name, card number, the expiration date of the card, and CVV (card verification value) number. All these data are issued securely onto the payment gateway based on the chosen integration of merchant among server-to-server integration, hosted payment page, or client-side encryption. 
• Step 3 – Validate the Card Details: Then, the payment gateway encodes the card details and operates fraud investigations before transferring the card information to the acquirer.
• Step 4 – Submit Order: The acquirer forwards the data securely to the card schemes that transmit another level of fraud investigations, and the schemes convey the payment data to the issuer to authorize the payment.
• Step 5 – Authorization: The issuer permits the transaction after it passes the fraud screening. This works as a validation for the transaction data and makes sure the cardholder has appropriate funds for the buying and also, the bank account is valid. The approved or declined payment message of the issuer is sent from the card schemes to the acquirer.
• Step 6 – Payment request: The acquirer transfers the declined or approved message back to the payment gateway and then, the message gets transmitted to the merchant. According to the message, it depends on the merchant to either show a payment confirmation page or ask the customer to choose another payment option.
• Step 7 – Card Capture Requests: After the completion of authorization, the merchant is allowed to capture the amount for the buying from the customer to the merchant account. The buyer will not be charged until the capture has been done, but there are funds stored and the card limit will be decreased.
• Step 8 – Settlement: If the payment gateway application approves the payment, the acquirer gathers the payment amount from the proceeding bank and keeps them on hold in the seller account. When the actual payment occurs, it will depend on the agreement between the merchant and the payment service provider.

In online payment services, both customers and merchants get benefits. However, most activities were completed in the backdrop of the payment methods.

What To Consider When Choosing A Payment Gateway?

The process of finding a suitable payment gateway is a time-consuming task and when you are thinking to start an eCommerce business, it becomes more necessary to choose a payment method that can provide the utmost ease to your customers. So, if you are looking for considerable tips to select a payment gateway, have a look at the below points-

• Security
• Pay-out Time
• Ease of Website Integration
• Multi-currency
• Cost-effective
• User Experience

1. Security

When integrating the best payment gateways into an app or website, the first thing businesses look for is security. The matter is all about receiving online payments while storing sensitive information of customers, hence, security is the major aspect to look for.

While choosing a payment gateway, consider it follows all the security standards. Also, keep in mind to select the gateway which is compliant with level-1 PCI DSS. Various payment gateways even come with fraud detection and other useful screening tools to secure transactions from scams and fraudulent activities.   

2. Pay-out Time

Pay-out is known as a phrase used for payment processing to illustrate the funds received by the traders as an outcome of sales. The consistency of the pay-outs depends on the payment service provider chosen by the merchant and commonly, it takes around 3-5 days. Therefore, businesses should go with the payment gateway that has a minimum pay-out time but consider, it can differ according to the industry you are working in.       

3. Ease of Website Integration

Online payment solutions never work on their own. It is a component of infrastructure, and it is your call to find out how your selected payment gateway can be beneficial for your business website. No matter, if the website is built with Shopify, WooCommerce, WordPress, or Magento, or it is a custom-made platform, you have to make sure about what types of integrations it supports. If your website is not able to hold an integration, there will occur a glitch and it can cause customers abandonment of the cart.    

4. Multi-currency

Whether you are getting payment gateway solutions in the UAE, USA, UK, or anywhere else, it must support different add-ons for multi-currency to facilitate customers with ease. It will benefit your business and customers in numerous ways. Also, there will be applied charges for foreign currency transactions, hence, you have to look into that and decide accordingly. Consider your budget and then include the number of currencies you want to support through your app.    

5. Cost-effective

The overall cost incurred in payment gateway integration is a significant thing to consider. The total cost is divided into three segments: set-up fee, monthly charges, and transaction fee. To find the universal payment gateway solution for your business, you must think about both value and volume of your transactions. Mostly payment gateways charge a competitive transaction fee rate that is 2.9% + 30ç. If the transaction volume is not so high, then it can work for sure.

Though, if there are high transaction volume, then, you must bear the high-value transaction charges. Also, you must look for top payment gateways with monthly charges for their services along with low transaction fees.  

6. User Experience

While choosing the most suitable payment gateways for eCommerce businesses, entrepreneurs prioritize user experience and satisfaction. Ventures have to ensure that customers don’t have to face low payment to the process by selecting the best payment gateway in UAE. You can also go with cloud transfer in order to gain a high processing speed for transactions. It also augments operational efficiency and workflow for the enterprise.

Consider that your chosen payment modes offer exceptional security and are compliant with the PCI-DSS guidelines to improve user experience and make them relaxed about their data security.  

Comparison Table of Different Payment Gateways in UAE  

Before navigating to get detailed information about top payment gateways in UAE, let’s have a look at this below comparison table of payment gateways in UAE-

List of the Best Payment Gateways in UAE

It is the right time to invest in an eCommerce websites or mobile apps as online shopping is gaining so much popularity in the market. You can also demand to integrate secure and robust payment gateways by your hired eCommerce website development company.

No matter you are running a small business or a large-level business, a reliable mode of payment for users is a necessity that can’t be avoided to make the venture successful.

Here we are providing some of the popular payment gateways in the UAE that you can consider for your eCommerce website or e-wallet app, check out below –

• Telr
• CashU
• Checkout
• 2Checkout
• CCAvenue
• Cybersource
• Amazon Payment Services
• PayTabs
• PayCaps
• HyperPay
• Stripe
• Skrill
• PayPal
• Payoneer
• Razorpay

1. Telr

Telr is the most popular payment gateway solution in the UAE offering a wide variety of payment processing solutions for all SMEs and large-scale enterprises. It is active in more than 120 countries and facilitates buyers to use different payment options such as debit cards, credit cards, bank transfers, and e-wallets.

Telr is a flexible option and can be integrated easily into your app or website. Users can customize the payment process as per their brand and needs. This online credit card gateway UAE also accepts payments worldwide along with varied tailored payment forms and checkout pages.

Telr is available in 30 different languages and has exceptional features comprising anti-fraud protection, social commerce, QR code payment, buy-now-pay-later, online store creation tools, and more. 

2. CashU

While getting mobile app ideas for UAE businesses, it will be best if you decide on the payment gateway as well to integrate into the app. And, CashU stands second to none when it comes to finding a pioneer payment option. You must choose it due to its incorporated security and the latest fraud prevention AML systems.

It provides assurance to customers about each transaction without having the risk of chargeback. CashU doesn’t apply any fee as a security deposit or setup fee from the user, however, it does charge annual costs depending on the sales volume. Different integration options for CashU are- Standard, premier, and API.  

3. Checkout

This international payment gateway Checkout in UAE is famous to provide users with smooth and efficient transactions along with a range of tailored solutions. This gateway supports multiple currencies and payment methods while charging no monthly fee to users. It provides 45 payment methods with more than 120 eCommerce integrations.

This payment gateway in Dubai provides scalable and modified solutions to businesses to achieve valuable insights. Checkout is famous as it delivers a better user experience, a simple setup, and verified payment integration methods. It has three options for integration that are- Checkout.js, iFrame method, and API integration.    

4. 2Checkout

2Checkout is established as a global payment gateway solution due to its payment approval from anywhere. This popular payment gateway in the UAE facilitates users to do transactions from 196 countries via 8 payment channels, 87 currencies, and 15 languages. It is designed as an easy-to-use and user-friendly payment gateway including tailored payment forms and checkout pages specifically modified according to the needs of a business.

It also has a collaboration with accounting software ‘FreshBooks’ to offer different payment options to small ventures. 2Checkout also doesn’t charge any setup fee or maintenance fee. It has two types of integration options- the iFrame method and API integration with PCI DSS compliance.

5. CCAvenue

Various businesses prefer CCAvenue payment gateway integration to create e-wallet apps. It makes the payment process easier for ventures while supporting a large number of payment methods. The platform includes features such as reporting & analytics tools for payment activity tracking, sales performance observation, and trends & insights identification. CCAvenue has flexible pricing plans for all business sizes.

Also Read: – Complete Checklist to Make E-wallet App

It charges 0% setup fees with monthly maintenance charges of around AED 200. This payment mode is mostly chosen by businesses for its continuous support & fraud prevention along with free services and the charge per transaction is 3%. It has three options for integration- iFrame method, CCAvenue Billing page, and Direct payment.

6. Cybersource

It is one of the best payment gateways in the UAE that enables customers to use debit/credit card payments and online payment options worldwide. It is a subsidiary of the popular international firm VISA. It has an array of payment modes and is active in over 190 countries.

This payment option was started in 1994 and since then, it has gained global acquisition dues to its creative eCommerce solutions and cutting-edge capabilities. Cybersource is a segment of VISA, hence, users don’t need to be concerned about security standards as it is secure in all ways. There is available API integration for this payment option.

7. Amazon Payment Services

It is one of the best eCommerce payment gateways that was previously known as PayFort. It is a top-notch payment service provider but in 2017, it was acquired by Amazon. It is counted as the second largest used payment option in the UAE comprising Qatar, Egypt, Saudi Arabia, Jordan, and Lebanon. It doesn’t charge any setup fee, annual fee, or monthly fee. It takes 2.8+ additional charges according to the country.

Amazon payment services have been very trustworthy and secure while preventing possible transaction risks. The platform is designed as per the Arab Shopping trends and preferences; hence, it is counted among the top payment gateway providers in UAE.   

8. PayTabs

PayTabs was launched in the year 2014 and is popularly known for its amazing features and fraud prevention technologies. It is the best online payment solution for small businesses along with medium and large ones as well. It is very easy to set up the PayTabs and operate it.

This payment option is also able to create & deliver invoices by using cutting-edge technologies. It also allows the combination of the gateway with different mobile apps and websites along with onboard buyers with one tap. Its options for integration are- eCommerce plugins, hosted payment, and direct API.

9. PayCaps

It is the top payment gateway in Dubai to integrate with mobile apps and websites. This customized solution provides a faster, more secure, and more user-friendly for SMEs. It is a scalable and configurable platform that supports multi-currency and multi-channel. Some of the unique features of this platform are tokenization, real-time fraud management, surcharge payment, smart analytics, payment invoice linking, and more.

It offers white-label payment gateway solutions; all the things depend on the businesses, be it payment methods, features, design, and themes according to their brand.

10. HyperPay

HyperPay is originally based in Saudi Arabia and is partnered with more than 100 banking partners and top credit card firms in the UAE. Businesses even look to hire a top fintech software development company to integrate such payment options into their desired solutions. It works as a one-stop complete financial service platform used by over 300,000 users. It provides constant financial returns, accessible operation, secure assets, and flexible options. 

Hyperpay also facilitates businesses with a highly secure fraud management system along with a personalized checkout experience. There is done millions of transactions yearly for lots of vendors across different sectors and industries.

11. Stripe

Integration of Stripe software and APIs into your mobile app will help you to improve the user experience during online shopping. This leading Payment gateway helps ventures accept payments from customers and transfer payout worldwide. It allows businesses to get payments from marketplaces, online retailers, subscribed ventures, in-person retailers, and software platforms. Alongside, Stripe comprises features like sharing invoices, preventing fraud, issuing virtual or physical cards, finance management, and others.  

Stripe makes money transfer as easy, smooth, and programmable as data shifting. This payment option also has the ability to scale the venture by allowing you to add new features & integrations to the Stripe account. Google, Amazon, Shopify, Microsoft, etc. are some of its major client bases.     

12. Skrill

To build an e-wallet app successfully, Skrill is the best option to choose as it enables customers to transfer and receive funds easily and securely. It also supports multiple currencies and hence, is known as a preferred option for reliable, instant, and endless access to funds. To use Skrill, users just have to use their mobile number or email and can send money to anyone globally after that.

Skrill also provides a loyalty program and in this, users have the chance to get paid while playing. Users can get points for all transactions.

13. PayPal

Various businesses are lined up to build an e-wallet app like PayPal as it is the most used redirect payment gateway coupled with a robust anti-fraud system. Along with having cart and currency compatibility, PayPal is also chosen due to its versatility. This global online payment solution is easy to set up & use while allowing businesses to leverage different tools to gain huge profits.

PayPal firm has over 20 years of experience in the industry and has a large pool of clients. This is a trusted payment option supporting more than 100 currencies for businesses globally. It also has a ‘buy now pay later’ option along with professional invoices, recurring payments, and updated payment options.

14. Payoneer

PayOneer is the best international payment option to choose if you are thinking to build fintech app. It is a cost-effective, fast, and secure payment gateway that is used across various markets and currencies. The platform is also a go-to partner when it comes to digital commerce globally. Payoneer is accredited with a PCI Level 1 Data Security Standard. It is actively working in over 190 countries and has the ability to connect you with anyone worldwide.

It charges low fees for transactions in comparison to global bank transfers. Payoneer also facilitates businesses to offer their international clients an easy way of paying amounts with billing services. By integrating Payoneer into the solution, businesses can be able to manage different store payments of different marketplaces simultaneously.  

15. Razorpay

Razorpay is an Indian online payment solution but it is more used and active in the UAE. While offering an array of payment options, users can easily use it to send & receive funds with the utmost ease and security. It offers around 100 payment methods with an excellent checkout experience & easy integration. Razorpay enables instant settlements from starting to provide the best customer experience.

Alongside, Razorpay charges a 2% commission fee including 18% GST on the fee for domestic cards, wallets, and net banking. For international payments, Diners, and Amex cards, there are 3% charges comprising 18% GST on the fees.  

How Much Does It Cost to Integrate a Payment Gateway?

Payment gateway integration has become an integral part of an eCommerce website development. Hence, knowing about the cost of integrating different payment modes is necessary to maintain the overall budget.

Payment gateway integration cost can differ based on various factors such as integration complexity, payment gateway provider, development platform, etc. Have a detailed look at these factors below:

Have a detailed look at these factors below:

1. Complexity in the Integration: The number of platforms and features you are integrating into the mobile app or website can increase or decrease the complexity. Hence, keep these limited to maintain the overall cost.
2. Payment Gateway Provider: There are applied different charges per transaction and integration by different payment gateway service providers that can have a huge impact on the payment gateway integration cost.
3. Development Platform: The selected development platform for the solution can vary in complete cost. payment gateway integration into a native Android or iOS app is more costly in comparison to doing it for cross-platform app. 

Hence, depending on the above topics, the cost to integrate a payment gateway will start from $150 which can go higher as per the different requirements. All you can do is carefully identify and analyze the required factors and included costs along with looking for tips to choose an ecommerce development company that can deliver you cutting-edge services at cost-efficient rates.   

Final verdict

Now that when you have a complete list of the best payment gateways in the UAE above, nothing can stop you from providing the best experience to your customers in terms of secure and fast money transfers. Analyse and decide your requirements and budget first and then, check the top online payment solutions above to choose the most suitable option to scale up your business.

To make the selection easier for you, we have also penned down a comparison table of all the popular payment gateways considering the aspects like supported eCommerce platforms, supported countries, available payment options, and commission per transaction.

We hope you will find it well! And, if you need any assistance regarding payment gateway integration or building an app, we are here to guide you as an experienced mobile app development company with our expert and professional development team. Feel free to contact us anytime.      

FAQs

Here are some of the most asked FAQs about payment gateways that we have lined up for you, have a look-