The demand for eCommerce sites in the UAE has skyrocketed and is expected to continue at a rapid pace.
According to researchers, the UAE e-commerce market is expected to generate US$5,351 million in sales by the end of 2020. The revenue is anticipated to increase at a 16.2 percent annual rate, resulting in a market volume of US$9,700 million by 2024.
And as eCommerce has developed, so has the need for secure, scalable, and responsive online payment gateways. Whether the company is a small start-up, a large brick-and-mortar retailer that wants to go online, or a well-established eCommerce business, you must have a reliable online payment gateway that can scale as your web grows.
In this article, we will examine the best payment gateway in UAE for eCommerce websites.
Criteria to Look Out For in Best Payment Gateway in UAE
It has always been a tough decision to make, as there are many choices on the market. So let consider transaction fees, payment aid, customer care, retailer flexibility, development policy, and several more criteria to go for when picking any payment gateways for any website in any country.
Here are some factors of the best payment gateway in UAE to think about before making your decision:
Support: How simple is it for a buyer to place an order, what is the refund process like, is there 24/7 email and phone assistance, and how long does it take for complaints to be resolved? You can gain a greater understanding of how the gateway responds to issues you may encounter in your everyday business by addressing these questions.
Add-ons: What integration codes, plugins, and other extensions are available for you to use? Always consider how well it integrates with the other systems. You can't be sure you're making the best decision for your specific business until you grasp how the gateway integrates.
Time: How long would it take for the money to settle in your bank account? This is a simple one: you want the money to be transferred, and any delays may trigger problems. It is important to double-check this with your gateway.
Cost: And, of course, how much would the payment gateway cost, are there any hidden costs, are you on the right strategy for your current volume of business. And are you receiving genuine value for money? You should also consider how you could modify or broaden your strategy as your company scales up in the long term.
However, today's article about the best payment gateway in UAE will focus on the following criteria only:
Support in the UAE and throughout the world
Structure of pricing
Supported shopping-cart platforms
Payment options available
Options for integration
Read more: Top 10 best payment gateway for eCommerce business 2021
Top 5 Best Payment Gateway in UAE
#1 Telr
Telr (which used to be known as Innovative Payments) is a well-known payment gateway in the UAE. It is a payment gateway based in Dubai and Singapore that provides services to customers in developing nations. With its global reach of about 120 countries, it has a large enough audience to justify its credibility.
Telr is regarded as a leader among other payment gateway integration methods for Sharjah, Abu Dhabi, Dubai, and Ajman. Telr's major digital marketing programs will help you improve your online business and leave your competitors in the dust.
To open an account with Telr, you must first go to their website. Once you have completed all of the formalities, you will be given the key to access the website and documentation, as well as access to their support page.
At that point, you must navigate to the Account section of the website and include all relevant documentation about your business. If you require the accounting system to acquire credit cards, you may provide additional details. In the account section, you can find all of the information you need about the plans.
Supported Countries
Telr can be considered one of the most recommended choices in the Middle East and also the best payment gateway in UAE since it is now present in more than 100 countries.
The UAE: Yes
Globally: Yes
Structure of Pricing
Monthly Cost: The payment gateway provides a monthly subscription service to start with. Learn more about them by visiting their website.
Basically, eCommerce store merchants can choose from three account levels:
Entry Level: AED 349 pa
Small Level: AED 99 pa + Transaction Charges
Medium Level: AED 49 pa + Transaction Charges
Set-up Cost: Free
Per Transaction Cost:
Small Level: 2.69% + AED 1.00
Medium Level: 2.49% + AED 0.50
Supported eCommerce Platforms
Woocommerce
Shopify
Magento
OpenCart
Prestashop
Available Payment Options
Visa
MasterCard
American Express cards
N.E.T. Banking (Indian banks)
SADAD (Saudi Arabian banks)
Options for Integration
There are three different ways to integrate:
Telr will host the payment gateway: Then the user will be redirected to Telr to complete the transaction. They will return to the website after the payment.
iFrame method: Incorporate the checkout site into our website with an iframe and apply our CSS to the form.
Complete payment form incorporation into their website: This requires that PCI DSS be approved (Payment Card Industry Data Security Standard).
Plugin option for Magento, Shopify, Opencart, WooCommerce PrestaShop, etc.
#2 PayFort
Best Payment Gateway in UAE: Payfort
PayFort is an Amazon company that works in Arabic-speaking countries and surrounding areas such as the United Arab Emirates, Lebanon, and Qatar. What distinguishes PayFort is that it accepts and facilitates a wide range of online payment solutions and methods with the highest level of reliability, mitigating any potential transaction risks and boosting your sales.
This best payment gateway in UAE became very popular among entrepreneurs and new businesses. The monthly fee is around AED 280, with no setup fees. The cost per transaction is 2.8 percent, and an extra AED 1.00 must be charged as an exchange charge. Individuals who are concerned about the payment framework's level of security will pay an additional monthly fee of AED 35, with a setup fee of around AED 135, to have the capability to recognize any fraudulent activities in the payment framework.
Since the platform is tailored exclusively to trends in Dubai and its surroundings, it is an excellent choice for an eCommerce site located in the UAE.
Supported Countries
The UAE: Yes
Globally: The Middle East region primarily
Structure of Pricing
Set-up Cost: Free
Per Transaction Cost: Per 2.94% + AED 1.84
Monthly Cost: AED 420
Supported eCommerce Platforms
Woocommerce
Magento
Shopify
OpenCart
CS-Cart
Prestashop
Available Payment Options
Visa
MasterCard
Apple Pay
Options for Integration
Checkout methods:
Merchant Page (pay from a website without redirection)
Tokenization (substituting card details with a token).
Tokenization API allows the retailer to save the customer's credit card data in a confidential and secure location by replacing the sensitive card details with a non-sensitive equivalent known as a Token.
You will use the Token to process new transactions for customers without having to insert card information through different networks.
Integration:
ONE API - API Integration
via Plugins
Read more: Top 5 Best Payment Gateway For Small Business in 2021
#3 Checkout
Best Payment Gateway in UAE: Checkout
Checkout is an international eCommerce gateway known for making purchases seamless, and they are committed to helping their customers gain more value with each transaction that happens on their eCommerce site.
Their end-to-end platform is intended to make the business move more rapidly, and they provide a range of customizable and scalable solutions that provide granular details and valuable insights. The app is capable of adapting to the specific market and providing an exceptional user experience.
Checkout originated in the United Kingdom and has since expanded to the Middle East area, offering verified payment gateway solutions in the UAE. Checkout is regarded as one of the best Payment Gateways integration methods for the UAE Dubai, Abu Dhabi, Sharjah, and Ajman. Perhaps the best aspect of this payment solution is its simplicity to set up.
With a transaction fee of AED 0.75 to 2.75 percent of the total volume, this is the best payment gateway in UAE for young entrepreneurs starting their businesses in the UAE.
Supported Countries
The UAE: Yes
Globally: Yes
Structure of Pricing
Set-up Cost: Free
Per Transaction Cost: 2.9% + AED 1.10
Monthly Cost: None
Supported eCommerce Platforms
Magento
Woocommerce
Shopify
Prestashop
Available Payment Options
Visa
MasterCard
American Express cards
PayPal
Mada
Apple Pay
QPay
Google Pay
Alipay
Options for Integration
Iframe: Embed an iframe payment form on the website. The transfer will be processed by the payment gateway by exchanging tokens.
Checkout.js: A payment processing widget that sits on the website's checkout tab.
API
#4 PayTabs
PayTabs, a gateway in the UAE founded in 2014, is well known for its cutting-edge payment processing and fraud prevention technology.
This best payment gateway in UAE is both safe and adaptable. It is intended to assist eCommerce companies in receiving and making purchases electronically, and the device will generate and deliver invoices using innovative and versatile technologies. Additionally, it is very easy to integrate and set up.
In less than 24 hours, you will set up all of our PayTabs systems and get it running. There are many ways to consolidate PayTabs, including plug-ins, iFrames, SDKs, and direct joining via API. At the moment, they charge 2.85 percent + 1 AED per transaction.
Supported Countries
PayTabs is a fantastic option within the UAE.
The UAE: Yes
Globally: Yes
Structure of Pricing
Set-up Cost: Free
Per Transaction Cost:
PayTabs Start-Up (up to $ 2000): None
PayTabs Growth Plan (over $ 2000): 2.7% + AED 1
PayTabs Enterprise (over $ 100,000): more information on their website
Monthly Cost:
PayTabs Start-Up (up to $ 2000): AED 183.50
PayTabs Growth Plan (over $ 2000): None
PayTabs Enterprise (over $ 100,000): more information on their website
Supported eCommerce Platforms
Magento
Woocommerce
CS-Cart
Shopify
OpenCart
Prestashop
Available Payment Options
Visa
MasterCard
American Express cards
Mada
Stc pay
Options for Integration
Plugins
Direct API
Express Checkout
There will be no redirection. Checkout process for online shoppers that keeps them on the merchant's website when making a purchase and even after it is completed.
Source here: https://store.magenest.com/blog/best-payment-gateway-in-uae/
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