E-commerce Website Design | 11 Min Read
Posted on: Sunday May 17, 2020Reading Time: 11 minutes
The rise in the UAE e-commerce market has been much significant in the past decade. From $2.5 Billion in 2004 to $21 Billion in 2021, followed by KSA, where e-commerce sales reached the $7.7 billion mark, this number is expected to grow more in coming times.
Moreover, the demand for online payments has also increased rapidly in the UAE and the development of E-commerce solutions. Whether it’s a startup, a physical store looking to move online, or an existing e-commerce store, it’s essential to have a safe payment gateway that’s reliable too. Any professional E-commerce web development company would emphasize providing a payment gateway solution that’s budget-friendly and integrates in a hassle-free manner with preferred E-commerce webs development platforms like Shopify, Magento, OpenCart, and PrestaShop.
In this post, we have tried to gather some information to help you select the most suitable payment gateway in UAE for your business:-
(1) Amazon Payment Services
Amazon Payment Services is a renowned payment gateway that accepts payment in 18 currencies. It offers additional features like fraud protection at additional costs. The recurrent fee is about AED 280 per month, with no initial setup fees. The price per transaction is 2.8 percent, and an additional AED 1.00 as an exchange cost. An extra monthly fee of AED 35 is to be paid, with a setup charge of about AED 135 to verify any false actions in the payment arrangement.
CashU was specifically designed to overcome online payment issues in UAE and support online shoppers during the process of online purchase what they wish as they please. It offers transactions in 13 currencies without any setup fees and approx 7% transaction fee with only 1.00 USD annual charges for maintenance.
Telr has been reputed as one of the few payment gateways in UAE, providing payments through multiple methods in 100 countries now. They have three payment levels: Initial, Small, and Medium that are entirely suitable for startups, SMEs, and e-commerce businesses, where plans start from AED 349/month for entry levels. You have to pay AED 39 and AED 49 respectively apart from the other charges for small and medium level accounts.
(4) Innovate Payments
It’s been present in Dubai since 2009, offering specialized online payment solutions to merchants in regions where merchants struggle to find a reliable and yet cost-effective payment partner. They support 120+ transaction currencies with a setup fee ranging from AED 1500 – 5000, with an additional fee of AED 150 – 500, and transaction fee from 3.00% – 5.00% + AED 0.50; dependent on the account type, respectively.
Founded in 2006, this payment portal has now reached 200+ countries. The price 3.9 percent + 45 cents for every transaction and allow 87 currencies. They also charge 1.5 percent for customers outside the UAE and $25 for any chargeback. These prices may seem expensive, but there is no setup charge and no recurrent management expenses.
CyberSource is a fast, reliable, and secure payment gateway option in UAE. The monthly charges start from $20 and setup charges ranging from $0.00 – $200 and 2.39% transaction rates at $0.35, respectively.
Checkout is another leading online payment gateway offering services to UAE through the streamlined solution for mobile and online purchasing since 2014. It offers several payment methods; Visa, MasterCard, American Express cards, PayPal, Mada, Apple Pay, QPay, Google Pay, Alipay. With a transaction fee of AED 0.75 to 2.75 percent of the total volume, it is an excellent option for budding entrepreneurs beginning their businesses in the UAE.
(8) CC Avenue
CC Avenue has exponentially grown as South Asia’s largest payment processing company and is widely used by the UAE E-commerce businesses. Its pricing is suitable for all business levels. They offer a zero setup fee, but a monthly charge of AED 200 and rates starting from 3.0% per transaction and a fixed transaction fee of AED 1.00 are applicable.
(9) Pay Tabs
Another highly recommended online payment gateway in UAE was established in 2014. It’s renowned for features like a fraud prevention system, creating and sending invoices through agile technology, and innovative security management certified by Visa and MasterCard. They offer services in 168 currencies with nominal fees. They charge 2.85 percent + 1 AED per transaction.
It’s a Saudi Arabia-based payment gateway offering its services in UAE also. HyperPay partners with 100 banks and credit card companies and are equipped with the best security for fraud management. The startup fee is 2.75% per transaction and a fixed transaction fee of AED 0.75
If you own an eCommerce store in the UAE and wish to pan out your venture across GCC, take a look at another insightful blog on “Top Payment Gateways in GCC“.
According to our research, the best payment gateway in UAE can be chosen from names like; Telr, Amazon Payment Services, Checkout, 2checkout, CCAvenue, PayTabs, and Cashu. Integrating any of these into your E-commerce store requires installing a connection module or developing a custom extension. If you are facing any difficulty in payment gateway integration, we are always there to help! With 10+ years of experience in e-commerce web design and development, we help you build an online store and integrate a suitable payment gateway solution. We have closely worked with elite business houses in UAE, that’s why we are capable of meeting all your expectations.