Posted At: Aug 22, 2024 - 220 Views
The development of e-commerce has made a significant impact on business across the world for the last few years, especially in the UAE, which reported around $3.9 billion in e-commerce sales in 2020. Whether you have an online business, a startup, or an offline store, you should deploy a quick, safe, and no-touch payment method. In this process, you need the assistance of a professional website development company in Dubai to integrate the ideal e-commerce payment gateway into your business. Here, in this blog, we discuss the 7 most popular payment gateways for e-commerce in UAE as well as their major benefits and factors to consider while choosing one for your business.
What are Payment Gateways?
A professional web development company in Dubai typically integrates payment gateway technology into a business website that transforms your money into the merchant’s account during a successful purchase of products or services. This functions perfectly when a secure transfer of money from the customer to their bank, cards, and then the merchant. Payment gateways are generally for e-commerce websites that facilitate highly secured transactions and available 24*7 in 365 days. This technology aids people from all corners of the world to make purchases using online payment and that is why online stores with the help of a web development agency in Dubai typically integrate this technology in their website and mobile applications.
Top Payment Gateways in UAE
- PayTabs
PayTabs was established in 2014 and has become a popular choice for businesses in Dubai due to its quick payment processing and stellar fraud detection system. It is an agile solution that enables businesses to process payments securely anywhere around the world. Moreover, PayTabs ensures high security that has been recognized by cards such as Visa and Mastercard which made it a popular payment gateway. Furthermore, this particular payment gateway promotes a straightforward pricing system along with three different plans such as; a start-up plan, a growth plan, and an enterprise plan. A start-up plan with a fixed monthly service fee is more suitable for businesses in their early phase; whereas, a growth plan drives more sales, and an enterprise plan is a perfect choice for businesses looking for expansion.
- Telr
Undoubtedly, Telr is one of the most popular payment gateways in Dubai which offers multiple payment options. Telr is now popular in more than 100 countries across the globe and the system continuously updates its payment options and currently integrates with a business website through five different ways. The main three payment levels of Telr include Entry, Small, and Medium, which are best for startups, SMEs, as well as online businesses in the emerging market.
- Amazon Payment Services
Amazon Payment Services was formerly known as Payfort, and it was established by Amazon in 2020. This is a reliable platform with reduced transaction risks that accelerate the influx of revenue. While this payment gateway is tailored to Arab online buying habits and trends, it is also a perfect solution for virtual stores in Dubai. Amazon payment services are now available in 8 different countries and offer a standard and customised plan. The standard plan has a fixed monthly fee for account management without any setup fees, whereas, the customised plan is tailored to meet the specific requirements of businesses with different prices accordingly.
- CCAvenue
CCAvenue was established in India in 2001 and has become one of the most prominent Indian payment gateway service providers. 3 years later, CCAvenue expanded its business to Dubai with a new office and has become one of the popular choices of a web development company in Dubai like Volga Tigris. Multiple currency processing is one of the key features of this payment gateway and there are no setup fees for the basic plan. The start-up pro plan of CCAvenue is best fit for new and small-scale businesses, whereas the privilege plan is customizable and the price may vary according to your business needs.
- Checkout
A Website development company in Dubailike Volga Tigris uses Checkout as the most popular choice for its seamless transactions and this particular payment gateway solution offers different customizable plans to support the specific business.
Features
- Multiple integration methods
- Excellent user experience
- Better management of risk and fraud
- Performance monitoring
- Stripes
Stripe is well-known for its innovative solution and is currently popular in more than 135 countries across the globe. The efficient payment processing, fraud prevention, and finance management features along with increasing authorisation rates made Stripes a popular choice among web development agencies in Dubai. Stripe has 2 pricing plans, an integrated and customised plan whereas the integrated plan has no setup or monthly fees and offers pay-as-you-go pricing.
- 2Checkout
2Checkout was established in 2006 and this is an international payment gateway available in the UAE market that fosters trading services such as credit cards and debit cards. Similar to Stripe, 2Checkout is another popular e-commerce payment processor with excellent presence in over 200 countries. There are three different pricing plans for 2Checkouts such as 2Sell, 2Subscribe, and 2Monetize. All these plans promote an option of paying only after sales begin and the setup cost is slightly higher than any other platforms but there are multiple benefits that are worth it.
