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Choosing the right payment gateway in Bangladesh can be frustrating, especially when you have little-to-no knowledge about the payment gateway.
Here we’ll explore 10 different options and help you decide which one is right for you.
Let’s dive right in.
You want a payment process that is simple, fast, and secure, so your customers feel confident and come back for more.
Here are some key factors to consider when selecting a payment gateway:
Trustworthiness:
To ensure payments go through successfully, every payment gateway follows a three-step process. This process includes security, settlement, and authorization. It is crucial that a trustworthy payment gateway manages all of these steps, providing faster processing times for transactions.
Currency Support:
If you have international clients, choose a payment gateway that offers easy currency exchange without extra charges. This makes things convenient for your customers.
Payment Options:
Improve the client experience by providing many payment options. Look for a payment gateway that supports net banking, card payments, mobile wallets, and QR payments to cater to various preferences.
Market Connectivity:
Ensure that the payment gateway seamlessly integrates with different devices and markets. Look for a provider that offers multiple integration solutions.
Security:
Security is crucial for financial transactions. Select a payment gateway that guarantees the safety of customer funds and follows PCI DSS security requirements. They should also have additional security measures to protect customer data.
Pricing and Extra Charges:
A good payment gateway should be able to handle different transaction processes smoothly. Ideally, each user would pay an extra fee based on the specific type of transaction they are making.
Following cost types:
It’s important for a company to be aware of the overall cost of a payment gateway and ensure there are no additional charges to avoid any surprises.
A reliable payment gateway is crucial for secure and seamless online transactions, fostering the smooth growth of your e-commerce business and building invaluable client trust. In this section, we explore the top 10 payment gateways in Bangladesh, each equipped to empower your venture with a trusted platform for conducting transactions and ensuring a positive customer experience.
|
Payment Gateway
|
Requirement
|
Setup Fees
|
Annual Fees
|
Commission per transaction
|
|---|---|---|---|---|
|
SSLCOMMERZ
|
VAT/TIN
|
BDT 15,000
|
Free
|
2.5%
|
|
AamarPay
|
Nation ID/Passport,
TIN |
BDT 4,000- BDT 15,000
|
Free
|
2.55% – 3.25% as card, 1.85% – 2.% as bKash, Rocket, SureCash
|
|
PortWallet
|
TIN/VAT
|
Starter: BDT 5,000, Business BDT 20,000
|
Business: BDT 24,000
|
Starter 3.8%+ BDT 2, Business 3.5%+BDT 1
|
|
ShurjoPay
|
National ID, Tax Identification Number or VAT
|
Corporate - BDT 10,000* and Education - BDT 5,000
|
Free
|
2.5%
|
|
Easy Pay Way
|
Tax Identification Number, Trade license
|
BDT 5000-20,000
|
Basic-free, Starter- BDT 500, Professional- BDT 2000, and Corporate- BDT 2500
|
Basic- 6.5%, Starter- 5%, Professional- 3.9%
|
|
Fast Spring
|
GST/VAT/Tax exemption number/Driving license
|
Free
|
Free
|
8.9% per transaction with minimum $.75 purchase or 5.9% + $.95 per transaction
|
|
Paddle
|
VAT/Sales Tax Codes, Trade license
|
Free
|
Free
|
1.6%
|
|
2Checkout
|
VAT/Tax Identification Number, Trade license
|
Free
|
Free
|
3.9% + $0.45 and 1.5% cross-border fee
|
|
Stripe
|
TIN/Social security number, Trade license & foreign company registration
|
Free
|
Free
|
2.9% for credit and debit cards, 1% for international cards and money conversion 1% for instant payments and 3.9% for international sales
|
|
Paypal
|
Any address identification (need foreign company registration)
|
Free
|
Free
|
Online transaction- 2.9% +$.30, Border cross – 2.00% points, Micro-pricing: Domestic- 5.0% and Cross-border- 5.50%, Domestic personal transaction- free
|
One of the leading payment gateways for online payment in Bangladesh. It has been awarded with a PSO license by the Bangladesh bank. Other things about SSLCOMMERZ:
Fees:
Requirements:
Privacy Policy:
Refund Policy:
Terms and Conditions:
Helpline: +880155-775-4357
Provides a secure and quick payment solution for its merchant users and with its lowest fees and fast checkout. Other things about Aamarpay:
Fees:
Requirements:
Privacy Policy:
Refund Policy:
Terms and Conditions:
Helpline: 09643250250
A very smooth working and the leading advanced payment gateway due to its inbuilt API system and connective solutions. Other things about PortWallet:
Fees:
Requirements:
Privacy Policy:
Refund Policy:
Terms and Condition:
A universal payment gateway for both the consumers and the business merchants. One of the first payment gateways to be granted the PSO license by the Bangladesh bank. Other things about SurjaPay:
Fees:
Requirements:
Privacy Policy:
Refund Policy:
One of the most secure payment gateways in the Bangladesh market. Make our payment secure, hassle-free, and time-saving. It has other notable things:
Fees:
Requirements:
Privacy Policy:
Refund Policy:
Terms and Conditions:
A payment gateway for eCommerce that allows smooth and nice payments because of its amazing features. Allows software and SaaS companies to increase their revenue by 30% or more. Fast Spring’s other details:
Fees:
Requirements:
Privacy Policy:
Refund Policy:
Terms and Condition:
An online single integrated platform that allows the NDR enhancement across all assets, expansions, and renewals. Paddle’s other details:
Fees:
Requirement:
Privacy Policy:
Refund:
Terms and Conditions:
An international payment gateway that allows smooth and fast online global payments and also increases your revenue and helps sell globally. A digital commerce site with having other details:
Fees:
Requirements:
Privacy Policy:
Refund Policy:
Terms and Conditions:
*Need foreign company registration*
A global online payment gateway API. Allows both payment gateway and payment processing. This powerful API platform’s details:
Fees:
Requirements:
Privacy Policy:
Terms and Conditions:
*Need foreign company registration*
One of the biggest online payment gateways and is present in many countries. Allows its users to make payments locally and globally along with peer-to-peer transactions that are not in other online payment gateways.
Fees:
Requirement:
Privacy Policy:
Refund Policy:
Terms and Conditions:
Q: How do I select the right payment gateway for my e-commerce business?
A: When choosing a payment gateway, consider factors like transaction security, ease of integration, customer support, transaction fees, and compatibility with your e-commerce platform to find the best fit for your business needs.
Q: Can I use these payment gateways for both local and international transactions?
A: Yes, most of the listed payment gateways like SSLCommerz, AmarPay, and PortWallet support both local and international transactions, providing flexibility to expand your customer base.
Q: Are there any transaction fees associated with using these payment gateways?
A: Yes, payment gateways typically charge transaction fees for processing payments. It’s essential to review their fee structures to understand how they impact your overall revenue.
Q: Do these payment gateways offer fraud protection and secure online transactions?
A: Absolutely! Reputed payment gateways like Shurjapay, 2Checkout, and Stripe implement robust security measures to safeguard sensitive customer data and protect against fraudulent activities.
Q: Can I integrate multiple payment gateways into my e-commerce store?
A: Yes, many e-commerce platforms allow integration with multiple payment gateways simultaneously. This gives your customers more payment options, enhancing their shopping experience.
Q: Is foreign company registration required for using PayPal in Bangladesh?
A: Yes, PayPal in Bangladesh requires foreign company registration, making it more suitable for businesses with an international presence.
Q: How long does it take to set up and activate a payment gateway for my e-commerce website?
A: The setup and activation time can vary depending on the payment gateway. Some gateways offer quick onboarding, while others may require additional verification steps.
Q: Do these payment gateways offer analytics and reporting features for tracking transaction data?
A: Yes, many payment gateways like FastSpring and Paddle provide comprehensive analytics and reporting tools, allowing you to monitor transaction data and gain valuable insights into your sales performance.
Q: Are there any restrictions on the types of products or services I can sell using these payment gateways?
A: Some payment gateways may have specific guidelines regarding the types of products or services they support. It’s essential to review their terms of service to ensure your offerings comply with their policies.
Q: Can these payment gateways be used with popular e-commerce platforms like WooCommerce or Shopify?
A: Yes, most of the mentioned payment gateways, including EasyPayWay, AmarPay, and SSLCommerz, are compatible with major e-commerce platforms like WooCommerce, Shopify, and others, simplifying the integration process for online store owners.
The list of online payment gateways mentioned above is the best that you can use in Bangladesh. They are suitable for both personal transactions and payments and even for merchants.
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