Question 1

What is the difference between a payment gateway and a payment processor?

Accepted Answer

A payment gateway is the technology that securely captures and transmits payment data to authorize a transaction, while a payment processor is the service that handles the actual movement of funds between the customer's and merchant's banks

Question 2

Which payment gateway is the most secure?

Accepted Answer

All reputable gateways are PCI DSS compliant. Security also depends on factors like tokenization and advanced fraud screening tools; providers like Authorize.Net and Adyen are particularly noted for their strong, customizable security features.

Question 3

How much does a payment gateway typically cost?

Accepted Answer

Costs vary but usually include a combination of a monthly fee, a per-transaction fee, and a percentage of the transaction amount. Some, like Square, use a simple flat-rate model, while others, like Helcim, use interchange-plus pricing.

Question 4

Can I use multiple payment gateways on my website?

Accepted Answer

Yes, this is possible through a payment service that aggregates multiple gateways or with custom development. It can help increase approval rates by offering customer choice and redundancy, but it adds complexity to your integration.

Question 5

What is the best payment gateway for small businesses?

Accepted Answer

For small businesses just starting, Square and PayPal are excellent due to their ease of use and low setup barriers. As you grow, you may evaluate providers like Stripe for more customisation or Helcim for more competitive credit card processing rates.

List of payment gateways providers

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