Accepting payments online: 10 payment gateways with the lowest charges

18 January 2017

Online payments have grown since the early 90s, and now it doesn’t take much to get lost without a proper navigation. There are many trustworthy payment gateways, but not all of them can be affordable for all kinds of businesses as well as for entrepreneurs. Today we are going to get acquainted with the ones that won’t leave you with empty hands, yet will be able to provide you with an ability to get secure global payments. Here is our top ten:


This payment gateway has been through some changes, since its launch in 2010, and now it belongs to PayPal. When it comes to e-commerce, Braintree can be righteously called one of the most dynamic companies. They accept payments from Venmo, Android Pay, Apple Pay, PayPal and Coinbase along with more common installments. Braintree is compatible with Shopify, Spree Commerce, Bigcommerce, Magneto, WooCommerce and others.

Braintree requires a 2.9%+$0.30 transaction fee, as well as a $15 chargeback fee, which is a reasonable price to pay. Transaction fee can be charged only after you reach $50,000. While a contract isn’t necessary, you get to keep all your consumer information for free. Uber and Bonobos are on the list of Braintree’s most famous clients.

2.Dharma merchant services

The company was launched in 2007 by Jeff Marcous and his daughter, Olivia, and it was created for businesses that process at least $10,000 a month. In 2014 Dharma donated over $100,000 to non-profit organizations. Its list of partners includes, Baypoint and Merchant Maverick. It accepts both traditional and modern payments, including PayPal and ApplePay. It supports such platforms as Shopify, WorldPress, Magneto, Bigcommerce and others.

Dharma charges a $10 monthly fee along with 0.25% + $0.10 for authorization. One of Dharma’s advantages is the lack of an early termination fee, which makes a consumer’s account a month-to-month agreement. They still require a $25 account closure fee to help defray their costs, nevertheless, all the billing information is kept on the site for six months after the arrangement is over. Dharma services have a special price for non-profit organizations: 0.20% + $0.10.


Authorize.Net has been accepting payments for twenty years, and it comes with superiority due to the time spent on the market. In affinity with the gateways we referred to earlier, Aunthorize.Net implements analogous fraud protection services, plain checkout opportunities and subscription facilities. The drawback is that if you need to relocate your payment information, there are no free migration services to do that. So, if you don’t plan to use that gateway for long, you will have to go through the process of assembling the information from the consumers again.


Athorize.Net requires a $49 setup fee, a $25 monthly fee and a $25 for chargeback. You also need to pay 2.9%+$0.30 for every transaction. Just like Dharma, Authorize.Net has a month-to-month alternative, but if you decide to resell your business, you may come upon a certain contract and termination fees. On the bright side, it offers a virtual terminal that can be integrated into most websites with electronic payments.


Stripe is known for its simplicity, since it was created for online businesses. It has monthly updates and accepts all possible kinds of payments, from Apple Pay to Bitcoin. With 9 global offices it provides services over 100,000 businesses in more than 100 countries. It supports such platforms as Shopify, OpenTable, Slack, Instacart and others and has a non-traditional approach when it comes to business.

Stripe requires a 2.9%+$0.30 fee, along with a $15 chargeback fee. But you are obligated to pay $0.30 only after reaching $1 million. The fee for ACH and Bitcoin payments above $625 is $5. No matter which currency consumers use, it is converted automatically. The gateway is equipped with a fraud prevention toolkit which is a part of every standard account. There are no contract obligations, but there are certain Terms of Service and Privacy Policy, which needs to be followed.


Having started in the 90s, PayPal has become a name associated by everyone with online payments, and it’s still successful. Not only they acquired Braintree, they also got hold of Venmo and became independent of eBay. It has been widely used as a supportive platform for those who aren’t comfortable with using their credit cards. It has 165 million consumers which makes it one of the most reliable platforms in the world.

It requires 2.9%+$0.30 for every transaction, and 3.9% when it comes to international transaction. Any other fees depend on consumers’ plans. It supports all kinds of platforms, because it redirects to PayPal own site and doesn’t need to integrate. You don’t have to sign any contract to use this gateway and you are free to stop using it whenever you can, but you still need to read the user agreement offered by PayPal.


Benstream has a variety of products that apply to all businesses, however small they might be. Their payment gateway includes a virtual terminal that helps processing cards from any place, as long as you have an Internet connection. It offers advanced fraud tools, a shopping cart set up, and online event registration services along with a recurring billing service. The company was launched in 2000, and has gained over 700 partners and 22,000 merchants since then.

Beanstream doesn’t require monthly fees and their transaction fees can vary from 2.25 to 2.65%. The company limits the information they collect for internal business purposes only. Credit card information isn’t provided to merchants, which is a safety measure. Beanstream also has a mobile app for iPad, iPhone and Android to process payments and generate reports.



As one more long-living payment gateway, WorldPay started their business in 1994. The company has thousands of clients in the U.S. alone. They support different platforms, such as BigCommerce, Shopify, WooCommerce and Magneto. It has lower rates, but, nevertheless, they come with fees and charges. However, it might become an escape for those who are interested in old-fashioned solutions.

There is a variety of fees, and it depends on the transaction. For signature debit transactions it’s 0.99%, for standard credit transactions it’s 1.99%. If you choose a reward credit transaction, it’s 2.6%, and it’s 3.30% for corporate transactions. There is also a $0.20 fee for each. If you decide to use WorldPay, you are going to be under a 3-year contract, and an early cancellation can result in a fee up to $300.

SecurePay is an Australian company launched in 1997 and it provides the users with a variety of services, such as electronic check, online shopping cart, mobile payments and so on. To use your credit card you will need to go through the registration process and sign up. The company provides its users with all-in-one or separate solutions, depending on their needs.

There are 0.25%-1% charges along with 0.25% per transaction. They also offer a special price – $800 for 3,000 transactions with no annual fee. Nevertheless, if you process less than 75 transactions a month, you’ll need to pay $395 annually. And should you choose to end the services ahead of the date on the agreement, you will have to pay 400$.

The company has been on the market since its foundation in 1999. offers services in 196 countries and accepts PayPal along with credit and debit cards. Volume pricing can be requested if a person sells more than $50.000 a month. supports different platforms, such as WooCommerce, Shopify, Magneto and BigCommerce.

It charges you 2.9%+ $0.30 per transaction and the company has a 25$ chargeback fee, but monthly or setup fees are not required. The people who live outside of your country have to pay an extra 1.5% fee, but you don’t need to pay for fraud protection either. offers different kinds of partnerships that come with benefits: from standard to enterprise. To add to that, it supports a huge amount of currencies and 15 languages.


FreshBooks is an accounting software that is provided with a payment gateway. It accepts Apple Pay, American Express, Visa and Mastercard. The payments are recorded automatically, and they can be quickly deposited to any bank account. It also has a late payment reminder feature that sends you a notification. For global payments FreshBooks integrates with Stripe, so you have more currency options apart from USD or CAD.

Transaction fees start at 2.9%+$0.30. FreshBooks mobile apps are available on the most popular platforms. Along with payment services it offers a time tracker and a project management. It has a one-month trial period that can be cancelled at any time. When you are using a mobile app, you can synchronize all your devices for convenience.

The price of services often depends on wherefrom payments are coming and the level of security and support provided by payment gateways. However, it doesn’t mean that the price cannot be modest and reasonable. Sometimes becoming a partner is a good way to get extra privileges and benefits, and at other times the number of clients can lower your fees. The most important thing is to set your budget and stay inside its lines.

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