A Review Of The Best International Payment Gateways For Ecommerce

By | Jun 13, 2017 | 3 Comments | 408757 views | Updated Date : Aug 20, 2021
  • A Review Of The Best International Payment Gateways For Ecommerce

Ecommerce has made it possible for the etailers to dream big and build a brand presence in the global markets. However, to turn this dream into reality, they need reliable, secure and best payment gateways that operate in multiple countries and accept multi-currency payments.

But before we delve deeper let us understand and how this whole set up works and helps online businesses run the show. 

What is a payment gateway?

A Payment Gateway or a Payment Service Provider (PSP) is an intermediary between merchants and their customers. It ensures secure money transfer from the customers’ to the merchants’ bank account. Payment processors enable merchants to accept a variety of electronic payments like payment through credit and debit cards, bank transfer etc. This simplifies the task of money transfer and makes it easy and safe for customers as well as the merchants. 

In other words, a payment gateway is the software equivalent of a Point Of Sale (POS) terminal of a real store. It completes the sales process on an online store by securely charging the customers who buy from ecommerce stores. 

The best online payment solutions offer a secure way of accepting payments. This builds customer trust in your brand and also minimizes abandoned carts. A frictionless checkout experience is known to boost 

How does a  payment gateway work?

At the customer level, the functioning of the payment gateways is simple and straightforward. At the checkout of the ecommerce store, the customer adds his credit card or debit card details. Then he/she requests an OTP( One Time Password) in real-time and makes the payment by entering the code which is used to authorize the payment over a secure line. 

However, the seemingly simple process is a chain of complex steps at the other end. Let’s see how the payment is processed in the background;

Step 1: Customer enters his/her card details on the online portal. Online transactions are processed as “card-not-present” as there is no real card to do a magnetic reading. 

Step 2: Once the card info is submitted, it is encrypted and sent to the merchant’s payment gateway. 

Step 3: The payment processor further routes the encrypted data to the credit/ debit card service provider like; Visa, MasterCard, American Express etc. These service providers charge a fee for each transaction.

Step 4: This step involves the authorization of the card. After checking whether the card is valid, holds a valid fund, is within the permissible transaction limit etc. the transaction is authorized.

Step 5: Once the transaction becomes authorized,  as an additional security measure the issuing bank sends an OTP to the customer’s registered mobile number. When the customer enters this OTP the authorization starts.

Step 6: Once the card-issuing bank authorizes the process it transmits the details back to the other parties, viz; the issuing card association, the merchant’s bank and finally the ecommerce website on which the payment was initiated through the payment gateway.

Step 7: All of the above processes take place within a few seconds. However, it might take a few hours for the funds to actually reflect in the merchant’s account.  

Well, the whole process looks rather complex but the flow at the best payment gateway level is streamlined in a way that it happens quickly and smoothly in a few seconds over a secure channel.

List of top 11 international payment gateways for global ecommerce

In our previous blog, we presented the payment gateway list of the top 5 Indian payment systems. Now, We bring to you a list of the 10 best international gateways that can help you expand your business and take your brand to global markets. We have taken care to pick the payment channels that offer the easiest and low cost or free set up and offer wide coverage in terms of geography and currencies.

Let us analyse the relative benefits of the top contenders

1. Paypal

Paypal is one of the oldest and most popular payment gateways for online businesses. We have chosen it to begin our international payment gateway list as everyone has heard about it and can easily connect to Paypal as an international payment system. Paypal has the largest number of active users and setting up a Paypal account is very easy. They have no setup fees and the structure for successful transaction charges is also very transparent. It is based on the volume of monthly transactions and merchants can claim discounts once they cross a certain monthly threshold.

Paypal is available in almost all the major countries of the world. It integrates with an unbelievable number of shopping carts hence can be used by any business/ platform. Apart from regular payment transfers to Paypal accounts it also allows accepting link payments by sending links to your customers. Paypal can be accessed through the web page as well as mobile and iOS apps making it a good choice for omnichannel business.

2. 2Checkout ( 2CO)

2CO is one of the most popular online payment systems based in the USA. It has no setup fees or monthly fees making it a good option during the start of the business. The rates are based on the home country and tied to each successful transaction. Customers who process a large volume of data can get specific custom discounts.

It supports 15+ languages and nearly 90 currencies making it the first choice for merchants who really want to take their business global. The integration is flexible and can be easily done for over 100 types of shopping carts. Other advantages include recurring billing, advanced fraud protection and mobile optimization which helps customers in device-independent shopping

3. Stripe

Stripe is one of the top contenders in the payment gateway list with ZERO setup cost, monthly fees or any other hidden charges. It works on the pay as you go model and is good for businesses that are starting small but plan to scale up in near future. 

Stripe is very easy to integrate and offers plenty of tools that make it work with almost any type of cart or platform. The flexibility of the Stripe platform makes it an ideal candidate for customised payment needs as per the business requirements. Stripe is ideal for the Ecommerce industry as it supports simple checkout for debit and credit card processing. They also offer mobile app integration and recurrent billing support.

Stripe has multi-currency support and also offers custom coupons for discounts. It accepts payments in all the major currencies of the world and also supports ACH and Bitcoin payment processing.

4. Authorize.net 

Authorize.net is one of the oldest and the best online payment systems for small merchants and it promotes itself as a “small business payment solution”. They have different fee structures based on the 2 plans, i.e; gateway-only plan and a gateway + merchant account plan. They do charge setup and monthly fees and also have charges per transaction.

It can be used for doing business in the United States, Canada, United Kingdom, Europe, and Australia.Authorize.net  has a strong simple checkout and support for recurrent billings. It also supports eCheck processing and has a strong fraud protection mechanism to safeguard the interests of the merchants.

5. ANZ

ANZ offers a very good option for an international payment gateway for Indian merchants. Depending on your business size and requirements you can go with Startup plan, Business Select Plan or Community select Packages( designed for community and nonprofit groups). They offer payment gateway as well as merchant account services.

The startup package has waived monthly fees for the first 12 months and allows unlimited transactions. The Business select plan has a uniform fee of $32+GST per month. For the community plan, they offer customised deals and have waived off establishment fee, monthly fee, annual fee etc.  ANZ offers options for easy and secure web and mobile payments making it a much sought after payment gateway by Indian merchants planning to take their business to global markets. 

6. Checkout.com

Checkout has made to StoreHippo recommended international payment gateway list due to its various merits. To begin with, it allows hassle-free setup, quick processing and multiple payment options for global as well as domestic transactions. Based on transaction volume, history and card type they offer two plans, namely Enterprise and Standard.

They offer options for easy online and mobile payments, various Ecommerce plugins, debit card and net banking support apart from regular credit card processing. They also offer recurring billing which makes it simpler for customers as well as merchants to process repeat orders.

7. Paytm payment gateway

Paytm is a popular online payment system for Indian merchants and it is also one of the most widely used digital payment modes used by their customers. The Paytm app makes it convenient for customers to send payments using a variety of options like credit and debit cards, Netbanking, Paytm wallet and more. 

Paytm Payment Gateway offers instant, online onboarding and merchants can start accepting secure payments through Paytm in relatively less time when compared to other payment channels. It is easy for businesses to create personalised checkout experiences for their customers on multiple channels using Paytm’s mobile SDKs, ready-to-use JS snippets and powerful APIs.

Paytm digital payment solutions is also unique in the sense that it is the only payment gateway that does not levy a charge on UPI transactions. It offers 0% MDR (merchant discount rate) on UPI and RuPay debit cards. Paytm is also good for high-volume businesses as it supports 2,500 transactions per second.

Using Paytm’s International Payment Gateway Indian businesses can accept international payments from over 200 countries in all major currencies. While using Paytm’s international payment gateway Indian merchants can sell their products globally without the need for any additional API integration. 

8. Worldpay 

Worldpay has been on StoreHippo’s payment gateway list due to the ease of payments and security it offers to merchants as well as the customers. It offers international payment solutions for all types of businesses which includes B2b and B2C large enterprise businesses as well as small and medium businesses.

It offers payment solutions in two forms, hosted pay page and integration payment page. Both models have flexible payment plans which help in accepting a variety of payments from international customers.

Worldpay allows merchants to accept payments in 116+ currencies along with accepting email and phone payments. They also enable merchants to set up recurring or subscription-based payment plans for regular customers. Refunds are easy and convenient and pricing plans are pretty easy to understand.

Worldpay also has a very strong system to mitigate fraud through its integrated fraud screening and alert system. It has made it to our top 10 international payment gateway list as it offers a very convenient, easy and PCI DSS compliant way to manage online international transactions.

9. Telr

Telr is one of the Dubai based online payment systems known for the ease of integration with a host of popular ecommerce platforms and shopping carts. It also offers an API for the mobile app.

Telr offers a secure platform to accept payments online using the most popular networks like Visa, MasterCard, American Express and many others. Telr merchants can accept multi-currency, multi-country payments, recurring payments and use QR codes to send customers to an online payment page. Payments can also be accepted through messaging apps.

Telr has a proprietary anti-fraud software which makes it one of the best online payment systems. You can easily integrate your online store with Telr and become PCI DSS compliant automatically as the payment gateway is PCI DSS Level 1 certified. It also allows businesses to set up customisable processing rules.

Telr offers a tiered pricing plan namely, Entry Plan, Small Plan and Medium Plan based on the monthly transaction value. If your transactions cross the upper limit you are automatically upgraded to the next plan in the coming month.

10. Hyperpay

Hyperpay is one of the leading online payment systems for businesses in the MENA region. It allows businesses to process local, regional as well as global cashless payments in a secure and customer-friendly environment.

Hyperpay can be integrated easily with a host of ecommerce platforms. Merchants can enable fast one-click payments. Recurring subscription-based payments are also made easy using tokenization. Also, payments and checkout customization are easy to manage.

Hyperpay also offers invoicing services for easy billing management. Advanced fraud protection using a combination of risks, settings, machine learning and analytics helps prevent frauds.

Hyperpay makes it to the top 10 international payment gateways list of StoreHippo as along with other benefits, it also offers a mobile app to monitor the business on the go. Using the app the business owners can stay connected 24/7, access their dashboard, monitor transactions and take necessary actions without any delay.

11. SenangPay

SenangPay is the last but one of the most popular entrants in StoreHippo’s updated international payment gateway list. It allows merchants to accept payments through credit and debit cards, net banking, chat or messenger apps and social media platforms like Facebook and Instagram. 

SenangPay offers three different plans for merchants namely Basic, Advanced and Special. They have a different TDR rate for debit and credit cards transactions which is higher than the rate for net banking or FPX transactions.

Their Special package offers a lower transaction rate than other plans rates for credit and debit card transactions. Also, they are open to discussing lower/customized rates for businesses who think they deserve a lower TDR rate than stipulated.

senangPay online payment gateway system also allows recurring payments and split settlements for your sellers. It also helps merchants store card details securely for fast and easy checkouts. Along with these merchants can get the benefits like multiple payments in one batch, twice-weekly automatic settlements without any fees, customizable invoice for requesting payments from merchants’ customers and a facility for receiving e-wallet payments.


The above comprehensive international payment gateways list will help you decide the most suitable payment gateways for your global ecommerce business. Experts suggest it is always good to spoil your customers for choice when it comes to payment choices. Ensuring simple and frictionless checkout is known to boost ecommerce conversions manifold

It is always better to go through the complete payment gateway list and make an informed decision about the payment processor most suited for your business. StoreHippo offers quick and easy pre-integration with all the above payment gateways needed for an international ecommerce business.

Check out the complete list of payment processors integrated with StoreHippo at our Payment Gateway page. Learn more about the unique advantages of Storehippo Payment Gateway integration with our detailed article. 

Need to know more about the best international payment gateways for your business? Schedule a free demo with our experts right away!

Leave A Comment


Very Informative article. However, I guess stripe is the best in terms of fast settlement days. As many big ecommerce companies are using this payment gateway. India’s leading mobile insurance company TIMES Global Assurance is also using stripe for its global customers to accept payment internationally.

By: Kunal
Aug 14, 2020   Reply

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this was very informative . thanks for the data

By: sheree
Feb 22, 2020   Reply

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I have contacted stripe they informed that it may take some more time to have the operations in India.

By: Saneehs Mathew
Oct 20, 2019   Reply

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