People are more inclined to favor online purchasing because the internet is now so reliable. Payment gateways enable retailers to offer secure online payments as well as a variety of additional payment choices to customers who buy online.
In Bangladesh, there is a vast marketplace of reliable payment gateways that facilitate online transactions. Payment gateways collect and encrypt the customer’s card information for processing, and the processor utilizes this information to charge the customer’s credit card or bank.
We have compiled a list of the top ten payment gateways for online payments, as well as the finest payment gateway provider in Bangladesh. These also give security, the quickest payment, and the quickest transaction, among other benefits. So, without further ado, let us get started.
Continue reading to learn about the top 10 payment gateways in Bangladesh. We will also advise on choosing the best one for your needs.
Bangladesh’s Current Payment Solution Landscape
Following the pandemic, Bangladesh saw an increase in internet usage and digital payments both within and beyond borders. The need for contactless payments in the country’s urban and rural areas has helped to the growth of the FinTech business in Bangladesh.
The payment environment in the country is changing from cash payments to cashless payments online and at point of sale. (POS). According to predictions, the digital payment transactions landscape would be worth USD 9.83 billion in 2022, rising to USD 21.4 billion by 2027. To improve the user experience, businesses are incorporating multiple payment methods such as card payments, digital wallets, and online money transfers into their payment models.
Top 10 Payment Gateways in Bangladesh
These are the top ten payment gateways in Bangladesh with which you can work:
SSLCOMMERZ is a well-known payment processor in Bangladesh. It has been in business since 2020 and has over 3500 clients in offering digital payment solutions on online and mobile platforms.
SSLCOMMERZ provides a simple checkout option with over 30 payment alternatives. The platform includes extra capabilities to make payment gateway integration simpler and less complicated for its clients.
Amaray is a secure and fast online payment platform in Bangladesh. Its low commission rates are well-known. This company is also a platform leader in terms of high-performance services.
Furthermore, this organization has four distinct programs from which to choose. Lamar corporate, Lamar SME, Lamar enterprise, and Lamar B2b are the four options. Amaray charges an upfront setup cost ranging from Tk. 6000 to Tk. 19000. You are not required to charge any additional fees for returns. SureCash, bKash, and Rocket commission ranges from 1.85% to 2%, while card commission ranges from 2.55% to 3.25%.
Shurjopay is the most popular online payment gateway in Bangladesh, having earned the country’s first PSO license from Bangladesh Bank. This business works with both merchants and buyers.
Although the Shurjopay fee is slightly greater than that of any other firm in Bangladesh, it is well-known for its robust privacy. There is no monthly maintenance fee. There is no annual charge. Corporate 3.5% and 2.0%, respectively, and education-1.5% for both mobile wallet and American Express. Education costs 10,000 BDT, while the corporate signup charge is 10,000 BDT. Nexus, Visa, Mastercard, corporate-2.5%, and education-1.5% are all accepted. Corporate integration costs 10,000 BDT, while education costs 5,000 BDT.
2Checkout is a global payment gateway system that operates in over 180 countries. It has been in business since 2006 and has served over 20,000 people. 2Checkout offers modular and customized payment solutions based on the needs of the business, as well as infrastructure that makes it easier for enterprises to communicate with overseas clientele.
Authorize.net has been in business since 1996, and it has worked with over 445,000 merchants. It offers a variety of payment options to its clientele all around the world.
7. Easy Pay Way
In Bangladesh, Easy Pay Way is a fantastic online payment gateway. Do you want a quick, secure, and trouble-free payment? Then you can accept payments via this platform. Without a doubt, it is a secure payment gateway in the current industry.
When we think of a low-cost and reliable online payment gateway, Payoneer is the first name that comes to mind. This company provides services in over 200 countries worldwide.
Customers also prefer this organization because of its reliable and reasonable online payment gateway. Payoneer is also a popular online payment platform, particularly among freelancers in Bangladesh.
If you are looking for the fastest online payment gateways in Bangladesh, we strongly recommend PortWallet. An API system protects your data using several internal process channels, such as DSS and PCI systems.
This company offers two services: business and starter, both of which involve introductory payments. Aside from that, you will not be charged by this company if you need to request a refund.
The paddle is yet another secure online payment gateway in Bangladesh that offers NDR improvement. They outperform other organizations in the modern global transaction market by providing SaaS services and operating both B2C and B2B.
People also prefer paddles because of their affordable cost. There are no monthly or yearly fees to use paddle services.
Local Payment Gateways and Increasing Business Complexities
Payment gateways play an important role in transferring funds from the customer’s account to the merchant’s account and protecting their clients from fraud. In Bangladesh, there are numerous Fintech businesses that offer payment gateway services. These ‘companies can be compared by businesses and users to choose the best payment solution for themselves.
The expansion of the FinTech market has created several choices for both small and large businesses. Custom features are required by every organization based on their standard criteria. Small and medium-sized enterprises want payment systems that are simple to integrate, code-free, devoid of complexity, and cost-effective.
Large organizations, on the other hand, require complete control over the payment solution like SSLCOMMERZ and require a bespoke and modular payment solution for their business. Furthermore, there is an impending requirement to support a variety of international currencies at cheaper exchange rates. Businesses require an integrated solution that can meet all of their needs on a single platform.
Read Next: 5 Efficient Tips for Growing Your Business