With an overwhelming array of mobile app payment gateways available in the modern market, how can you determine whether a particular gateway is the right fit for your business? With top mobile app development trends, there is a grave need to integrate a secure payment gateway to facilitate several payment options to end users.
To ensure secure online transactions for businesses, it is essential to implement a payment platform that instills trust in customers who are making payments, whether through in-app payments, credit/debit card payments, or even offline store payments.
According to Statista, “Use of apps like Apple Pay or Google Pay in North America is believed to double between 2020 and 2025, although Asia’s market size will be significantly larger.”
Juniper Research anticipates that the total number of digital wallet users will surpass 5.2 billion globally by 2026. Individually, some popular eWallets have stunning figures as well. For instance, the Paytm payment gateway in India has more than 250 million cards saved and 100+ million bank accounts saved.
To aid you in selecting the most convenient and extensively utilized mobile app payment gateways, we have created a list of the top 10 most frequently utilized ones based on user experience and research.
Table of Contents
Selecting the most suitable payment gateway provider for your mobile application can be a laborious task. It’s important to guarantee that the payment process is smooth, fast, and secure for your customers to build trust and encourage them to make repeat purchases in the future. If you want to build a payment gateway app or want to integrate one for your app, you should mind the features users want in an eWallet.
Here is the list of the top 10 payment gateway with their best features:
PayPal provides an online payment gateway service that enables convenient payment and receipt of funds for the sale or purchase of goods and services.
Despite being a newcomer to the market, Stripe is gaining popularity at an impressive rate. It is widely regarded as the most user-friendly API and one of the top payment gateway providers globally, offering accessible channels for email support.
Braintree, a PayPal company, provides a range of popular payment methods that enable business owners to accept instant global payments. With over 20 years of experience, the company’s goal is to enhance business sales by offering customers modernized payment experiences.
Zooz is a top-tier mobile payment platform with a user-friendly interface, swift transaction processing, and an effortless integration process, making it an outstanding option.
Google Pay is a payment platform and digital wallet developed by Google that allows users to make purchases through their Android devices on supported websites, mobile applications, and Google services such as the Google Play Store. To complete transactions both online and in-store, users can link their credit or debit cards to their Google Pay account.
Square Capital is an ideal solution, particularly for startups. Square Capital operates in Canada, the USA, the UK, and Australia. The key reason for this electronic payment app is its straightforward setup process. Square Capital is one of the top-notch online payment gateways and allows users to create an account and start using the service in just a few minutes.
WePay, which is part of Chase Bank, provides a unified platform that enables users to handle payment processing, payouts, and cash management in a convenient, all-in-one location.
PhonePe is a reliable digital payment ally in India. By utilizing the PhonePe Payment Gateway, you can perform all of your online transactions on a completely secure and efficient platform. This mobile platform is designed to handle high-volume transactions with exceptional end-to-end success rates.
The Revolut Gateway for WHMCS enables the acceptance of credit card payments through Revolut in WHMCS. To utilize this payment gateway, a Revolut Merchant account is required, which serves as an excellent and more affordable substitute to Stripe, launched in December 2020.
Shopify Payments is a payment processing solution developed by Shopify that allows online stores to accept payments. By enabling Shopify Payments, stores can conveniently receive payments from customers who pay online.
To choose a mobile app payment gateway to integrate into your customized app, there are several factors you should take into account.
Below are some of the most critical considerations:
Choose a gateway that offers comprehensive documentation, sample code, and SDKs to simplify the integration process. Verify that it supports the programming languages and platforms utilized in your app.
When incorporating a payment gateway into your mobile app, security is a paramount factor to consider. Choose a solution that provides strong security measures such as encryption, fraud detection, and more. It is highly recommended to select a payment gateway that is PCI-DSS compliant since it guarantees adherence to strict security standards for handling credit card information.
The payment gateway’s checkout process must be streamlined and user-friendly, featuring a responsive UI that is tailored to mobile devices. The selected solution should also include features like autofill and card type auto-detection to enhance the checkout experience and convenience for users.
Overall, a payment gateway that delivers top-notch security and seamless mobile app payment processing can be beneficial for businesses.
Typically, there are multiple approaches to carrying out the payment gateway integration process but the two most commonly utilized methods are:
There are a variety of payment gateway options available nowadays for technology advancement and business needs. Each of these payment gateways has its own unique features and benefits, making them suitable for different types of businesses and applications. In the above listicles, the top 10 most well-known mobile app payment gateways are discussed to help you make an informed decision so that you can hire app development companies and inform them to integrate the best option that is suitable for your targeted audience and your customized mobile application.
The payment gateway or eWallet that is secure, safe, and fast is the best for a mobile app. It should be user-friendly and assure the privacy of crucial user data.
The most popular payment gateway providers are namely Stripe, PayPal, Google Pay, Amazon Pay, Apple Pay, Skrill, and others.
Here are quick steps: set up a merchant account, create an account with the payment gateway provider; then, obtain the required API credentials, configure the payment gateway, and implement the payment gateway into your app. Finally, launch your app with the payment gateway integration.
An API payment gateway is a way to integrate payment processing functionality into your current software and mobile applications smoothly. In essence, it enables one or more programs to interact and exchange information with other programs.
PayPal and Stripe are top among the popular payment gateways in the USA.
Analyzing business activities and data to formulate the best business development ideas is where I earn appreciations and remunerations. I’m an ardent reader, business adviser, gadget aficionado and an amateur yet an avid writer. My urge for innovative writing evokes every time I come across new gadgets, neo technology and novel technical events.