Guide to E-Commerce Payment Providers

  |   E-Commerce   |   No comment

Choosing the right payment provider is an important decision for any business. Your payment provider is the company you choose to trust with your income and customers money.

Some important information you may want to consider before choosing a payment provider:

  • the fees they charge;
  • reporting and reliability;
  • ease of use;
  • support;
  • availability in the markets you operate in;
  • compatibility with your e-commerce platform;


Stripe is a popular online payment provider that accepts payments online for businesses. Stripe is the new kid on the block when it comes to payment providers. Stripe, founded in 2010 as a start-up company and has now blown out to one of the largest payment providers available. Since it’s early beginnings Stripe is now equipped with machine based fraud detection system.

Stripe allows you to integrate payments into your website to accept credit card payments from customers. Stripe is available to merchants in over 30 countries and is planning to keep expanding upon that.

Stripe offers a wide range of options for merchants to manage coupon codes, issue free trials and charge on subscription-based products. On top of this, Stripe also delivers informative reports and includes integrations with accounting software.

APIs offer a solid and well-considered framework for those who want to adjust the system to fit their business’s needs. This allows you to integrate it the way you want for your e-commerce site.

So what fees and charges do Stripe charge? Stripe uses a fixed pricing model, for every transaction you will be charged 2.9% + $0.30. If you selling more than $80,000 a month or more than 10,000 transactions you are entitled to lower rates.

On top of everything mentioned above, Stripe implements the highest standards of fraud protection. So you can be ensured that your money is safe.


Paypal would is the world’s most widely used payment platform and highly respected for the protection is offers to both merchants and customers. Paypal is available in over 200 markets around the world. Paypal allows you to take payment in over 100 different currencies.

From the customer’s end, Paypal is great as it allows customers to pay in a number of ways from credit card to e-cheques. It also allows the customer to pay a company without revealing its financial details to that company.

Paypal offers three different plans for merchants; Standard, Advanced or Pro. Aside from these choices, you will have to pay the same transaction fees based on your revenue. So, if you make:

  • $0-$3,000, you will pay 2.9% + $0.30 per transaction;
  • $3,000-$10,000, you will pay 2.5% + $0.30 per transaction;
  • $10,000+, you will pay 2.2% + $0.30 per transaction;
  • $100,000+, you can ask for special pricing.

If you have any questions you are able to contact the Paypal support team via toll-free number or email.

In summary, Paypal is a great payment solution for your online business. It’s a great secondary method of payment. The service is widely accepted due to its level of security and customer protection. If you’re a brand new e-commerce business looking for a payment gateway to help accept online payments, look no further than Paypal.

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