People are more likely to prefer online purchases because the internet is now so dependable. Payment gateways enable retailers to provide secure online payments as well as a variety of additional payment options to online shoppers.
In Bangladesh, there is a plethora of trustworthy payment gateways that support online purchases. Payment gateways collect and encrypt the customer’s card information for processing, and the processor then charges the customer’s credit card or bank account.
We’ve produced a list of the top ten online payment gateways, as well as the best payment gateway provider in Bangladesh. Among other advantages, these provide security, the quickest payment, and the quickest transaction. So, without further ado, let us begin.
Continue reading to discover about top 10 payment gateways in Bangladesh. We will also advise you on which one is most suited to your requirements.
Bangladesh’s Current Payment Solution Landscape
Following the pandemic, Bangladesh experienced a spike in internet usage and digital payments both within and outside of the country. The demand for contactless payments in the country’s urban and rural areas has aided the growth of Bangladesh’s FinTech industry.
The country’s payment landscape is shifting from cash payments to cashless payments online and at point of sale (POS). The digital payment transactions environment is expected to be valued USD 9.83 billion in 2022, growing to USD 21.4 billion by 2027. Businesses are combining different payment methods, such as card payments, digital wallets, and online money transfers, into their payment models to improve the user experience.
Top 10 Payment Gateways in Bangladesh
These are the top ten payment gateways in Bangladesh with which you can work:
In Bangladesh, SSLCOMMERZ is a well-known payment processor. It has approximately 3500 clients and has been in operation since 2020, offering digital payment solutions on internet and mobile platforms.
SSLCOMMERZ offers an easy checkout process with over 30 payment options. The platform adds additional features to make payment gateway integration easier and less complicated for its users.
In Bangladesh, Amaray is a safe and quick online payment platform. It is well-known for its cheap commission charges. In terms of high-performance services, this organization is also a platform leader.
This organization also offers four separate programs from which to pick. The four possibilities are Lamar corporate, Lamar SME, Lamar enterprise, and Lamar B2b. Amaray charges an initial setup fee that ranges from Tk. 6000 to Tk. 19000. It is not necessary to charge any additional costs for returns. The commission for SureCash, bKash, and Rocket ranges from 1.85% to 2%, while card commission is from 2.55% to 3.25%.
Shurjopay is Bangladesh’s most popular online payment gateway, having obtained the country’s first PSO license from Bangladesh Bank. This company works with both sellers and buyers.
Although the Shurjopay price is slightly higher than that of any other corporation in Bangladesh, the company is well-known for its strict privacy policies. There is no monthly price for maintenance. There is no yearly fee. For both mobile wallet and American Express, corporate 3.5% and 2.0%, respectively, and education-1.5%. Education costs 10,000 BDT, and corporate signup costs 10,000 BDT. Nexus, Visa, and Mastercard are all accepted, as are corporate discounts of 2.5% and educational discounts of 1.5%. The cost of corporate integration is 10,000 BDT, whereas education is 5,000 BDT.
2Checkout is a global payment gateway system with over 180 countries of operation. It has been in operation since 2006 and has served over 20,000 customers. 2Checkout provides modular and customized payment solutions based on the demands of the business, as well as infrastructure that makes it easier for businesses to communicate with customers in other countries.
Authorize.Net is the sixth option. Since its inception in 1996, Authorize.net has worked with approximately 445,000 merchants. It provides a number of payment methods to its global clients.
6. Easy Pay Way
Easy Pay Way is a superb online payment gateway in Bangladesh. Do you want a payment that is quick, secure, and trouble-free? You can then take payments through this platform. It is, without a doubt, a secure payment gateway in today’s sector.
Payoneer is the first brand that comes to mind when we think of a low-cost and dependable online payment gateway. This company offers its services in over 200 countries throughout the world.
Customers additionally love this company because of its dependable and affordable online payment gateway. Payoneer is another popular online payment platform, notably among Bangladeshi freelancers.
We definitely recommend PortWallet as one of the fastest online payment gateways in Bangladesh. An API system safeguards your data through a variety of internal process channels, such as DSS and PCI systems.
This company provides two services: business and starter, both of which require an initial deposit. Aside from that, if you need to request a refund, you will not be charged by this company.
The paddle is another safe online payment channel in Bangladesh that improves NDR. By delivering SaaS services and running both B2C and B2B, they surpass other firms in the modern global transaction industry.
Paddles are also popular since they are inexpensive. There are no monthly or yearly costs associated with using paddle services.
10. Fast spring
Fast Spring may be the best payment gateway option for overseas transactions. Anyone desiring to conduct business in a foreign country can acquire funds from them as soon as possible in this situation.
They provide services without requiring a long-term commitment. Furthermore, there are no commitments or enrollment fees with this company. In a word, this is one of Bangladesh’s most easy payment processing firms.
Finally, large enterprises demand complete control over payment solution, such as SSLCOMMERZ, and a bespoke and modular payment solution for their business. Furthermore, a demand to support a variety of international currencies with lower exchange rates is on the horizon. Businesses demand a comprehensive solution that can handle all of their requirements on a single platform.