Curious as to the best payment gateway in 2023 for your startup or small business?

If you have an e-commerce business, you need to be sure that you have the right payment gateway. Having the right payment gateway will ensure that your customers are able to make quick and secure payments online. There are so many different payment gateway providers out there, it can be difficult to decide which one is best for your small business.

We explore some of the most popular available help you decide which one is right for you.

Payment gateways all offer something unique that may appeal to different businesses, some of the most popular options include Paypal, Stripe, Worldpay, Opayo, Amazon Pay, Shopify Payments, and Cardstream.

Ultimately though it depends on what specific needs your business has when deciding which payment gateway will work best for you.

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Paypal

Paypal is undoubtedly a popular choice for small businesses and startups. It’s easy to set up an account with Paypal, and there are no setup fees or monthly charges. It also offers very low transaction fees which makes it one of the most cost-effective options on the market.

PayPal provides a range of payment options for small businesses, making it possible for them to accept payments from customers quickly and securely. One of the biggest benefits of using PayPal is the convenience it offers – customers can pay with their PayPal wallets, credit or debit cards, or even with their bank accounts without leaving your website.

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Stripe

Stripe is another popular choice as it provides a straightforward checkout process and allows customers to pay using their credit card or PayPal account. Some top benefits of opting for Stripe are below:

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- Quick and secure payments with Stripe.

- Easy integration with other business tools.

Emotional benefits:

- Enjoy peace of mind knowing your customers' data is safe.

- Grow your business without worrying about payment processing.

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Worldpay

Worldpay has been around for a while now, and it offers high levels of fraud protection as well as competitive transaction fees. Worldpay is an excellent payment solution for small businesses because it is both secure and reliable. The platform makes use of the highest form of encryption available, ensuring that all transactions are completely safe and secure. This allows small business owners to have peace of mind when processing payments from their customers.

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Opayo

Opayo (previously Sage Pay!) is another option that’s growing in popularity with small businesses in the UK due to its low transaction fees and secure payment processing system. Opayo is the perfect payment solution for small businesses because it offers a wide range of benefits and features to help them succeed. It provides a secure, fast, and reliable way to process payments, allowing customers to pay via credit card, debit card, Apple Pay, and Google Pay. The platform also features an intuitive dashboard that provides visibility into payments, making it easy to track transactions and manage customer accounts.

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Amazon Pay

Amazon Pay is becoming increasingly popular with small businesses due to its easy integration with Amazon’s services such as Prime Shipping, Amazon Alexa, and more.

The top benefits of opting for Amazon Pay if you are a small business or startup:

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- Quick and easy checkout process.

- Secure payment processing with Amazon’s advanced technology.

Emotional benefits:

- Enjoy a hassle-free shopping experience.

- Have peace of mind knowing your payments are secure.

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Shopify Payments

Shopify Payments is ideal if you already use Shopify’s e-commerce platform as it offers a streamlined checkout experience integrated into your Shopify store. Shopify's payment gateway is an outstanding solution for small businesses, offering a range of powerful features that provide great value. It is capable of making payments quick and secure, and it allows merchants to accept multiple payment methods – including major credit cards, debit cards, Apple Pay, PayPal and more.

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Finally, Cardstream provides competitive rates on all transactions as well as reliable customer service. When choosing a payment gateway for your e-commerce business, there are many factors to consider including cost effectiveness, ease of use, security measures, customer service, and more.

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Check out our review category which covers Payment & POS software or have a read through our blogs. This is the place for startups and small businesses to learn and be supported.