A well-designed, highly-optimized, and user-friendly website is critical when establishing a business. Still, when it comes to running an e-commerce store, your choice of a payment gateway can make or break your success.
A payment gateway describes different payment options that connect your customers to their specific credit card company – from PayPal, Stripe, 2Checkout, WorldPay, and many more. Having multiple modes of payment can provide a competitive advantage as it gives more options for your buyers.
Think of it as a digital truck that ships a customer’s payment from their digital wallet to yours in a prompt and highly secure manner.
One of the best ways to use payment gateways is through a hosted payment page where the user can enter their payment details in their local payment method of choice and complete their payment. To optimize your payment experience with a hosted payment page, you’ll just need to connect any one of the payment gateways below.
With that in mind, we list below some of the best payment gateways available for Australian online businesses:
1. eWay
If you’re in search of a one-stop-shop online payment solution, eWay proves to be the most long-standing, reliable gateways to-date in Australia. It features an innovative interface that is designed to create a seamless paying experience for you and your customers.
For one, eWay makes it possible to accept payments directly on your website. On the other hand, it also improves user experience by accepting payments from credit cards, debit cards, net banking, and mobile payments.
However, the biggest advantage of eWay is that it offers reasonable charges with a 1.9 percent plus 20c per transaction for Visa and Mastercard. There’s another 2.6 percent for other cards, making it an excellent multi-currency support system so long as your bank has a Multi-Currency Internet Merchant Facility (IMF). Fees are subject to change based on the payment gateways site and policies.
2. 2Checkout
One of the leading payment processors for online and mobile facing companies in Australia and many other parts of the world, 2Checkout is a reliable payment gateway that is easy to use and install on any website with the proper plugin or hosted service.
After setting up your merchant account and connecting their API to your website, you can immediately start accepting payments.
3. Stripe
One of the best payment gateway options of the bunch, this is quickly becoming one of the leading options in Australia and the rest of the world, despite being a relatively new kid on the block. One of its most significant advantages is that Stripe can support multi-currency payments and process credit cards from over 110 countries with or without recurring subscription payments. This provides a smooth checkout experience for any type of product or service, which can have a positive impact on your conversion rate.
Stripe has a number of international and local payment methods so you can offer a wide variety of options for your customers. These include:
- Credit Cards
- WeChat Pay
- Alipay
- BECS Direct Debit
The Bottom Line
When choosing the best payment method for your business in Australia, it’s best to consider how it affects your customers. Providing options that cater to your target audience is critical.
If you’re looking for a variety of different online payment methods that you can integrate into your website or create a new hosted payment site, Payment Page is your best option! We aim to make it easier for you to implement a beautiful payment page that integrates with all the payment gateways above, making it possible to receive global payment support in just a few clicks.
