10+ Payment Gateways

Extensive list for developers for adding payment gateways

Jan 05 2025

1 min

Summary

Thisblog post analyzes online payment platform selection for software services. The author details thecrucial factors considered: security, community support, developer-friendly documentation, commission rates, recurring payment costs, hidden fees, and KYC processes. A comparison table aids decision-making. Currency support impacts developer workflow. Choosing the right platformrequires careful evaluation of these factors.Thisblog post analyzes online payment platform selection for software services. The author details thecrucial factors considered: security, community support, developer-friendly documentation, commission rates, recurring payment costs, hidden fees, and KYC processes. A comparison table aids decision-making. Currency support impacts developer workflow. Choosing the right platformrequires careful evaluation of these factors.

Welcome to this week's iHateReading

Payments are becoming a crucial part of online software services be it at SAAS(Software as a Service) or one-time product payments, e-commerce platforms all need a payment service nowadays

iHateReading store page has integrated payment modal using third-party such as Gumroad. Of course, this is not the only solution but it was the fastest way to have a GTM(Go-To-Market) product strategy.

Moving ahead with why we are here on this blog

Well, while deciding which payment platform to choose for our website we have to dig deep and do extensive research. But the entire process is either time-consuming and most importantly few things are ever taken care of hile researching payment parties such as

Security
Community support
Developer friendly documentation
Commissions
Extra cost for subscriptions and recurring payments
Extra hidden costs as well
KYC or Verification process

To ease the entire process we have laid down the comparison table with all the required and important comparison columns for you to decide better.

Name	Description	Commission	Currency Support	Key features
PayPal	A widely recognized payment platform that allows users to send and receive money online.	2.9% + $0.30 per transaction (domestic).	Supports multiple currencies including USD. Supported Currencies	Extensive buyer protection; easy integration with e-commerce platforms.
Stripe	A powerful payment processing platform with extensive API capabilities for developers.2.9% + $0.30 per transaction (standard).	2.9% + $0.30 per transaction (standard).	Supports multiple currencies including USD. Supported Currencies	Customizable API; supports subscriptions and invoicing; advanced fraud detection.
Gumroad	A platform designed for creators to sell digital products directly to consumers with a simple interface.	Charges a flat 10% fee on every sale + payment processing fees (around 3.49% + $0.49).	Supports multiple currencies including USD.Supported Currencies	User-friendly setup, built-in marketing tools, no monthly fees until sales are made.
Lemon Squezy	An all-in-one platform for SaaS businesses, managing payments, subscriptions, and global tax compliance.	No monthly fee; pay per sale (transaction fees apply).	Supports multiple currencies including USD among others; over 130 currencies supported. Supported Currencies	Built-in affiliate management; handles VAT automatically; user-friendly interface.
Razorpay	A comprehensive payment gateway in India offering 100+ payment modes including cards, UPI, wallets & net banking.	Supports multiple currencies including INR and international transactions. Supported Currencies		Robust APIs, powerful dashboard for analytics, PCI DSS Level 1 compliant security.
FastSpring	A merchant of record service ideal for software sales, handling taxes and compliance globally..	Typically charges a percentage of sales; varies by agreement	Supports multiple currencies including USD through integrations. Supported Currencies	Comprehensive tax management; customizable checkout pages; supports digital goods sales.
Paddle	A complete payment solution for software and digital goods, offering global reach and compliance.	4% + 50¢ per checkout transations	Supports multiple currencies including USD. Supported Currencies	Handles VAT and tax compliance automatically; built-in subscription management.
2checkout	A global payment platform that provides a merchant of record service for digital goods.	4.5% + $0.45 per successful sale	Supports multiple currencies including USD. Supported Currencies	Merchant of record service; extensive fraud protection tools; customizable checkout experience.
ChargeBee	A subscription management platform that integrates with various payment gateways for recurring billing.	Pricing based on subscription model; varies by usage.	Supports multiple currencies including USD through integrations. Supported Currencies	Advanced subscription management features; dunning management; analytics dashboard.
Amazon Pay	An international payment gateway allowing customers to pay using their Amazon accounts, providing extensive multi-currency capabilities.	Base fee of 2.7% + 30p per transaction; additional cross-border fees may apply.	Supports multiple currencies including USD. Supported Currencies	Leverages Amazon's trust and customer base; easy integration with existing websites.
Polar.sh	A monetization platform for developers that simplifies billing and compliance with a focus on digital products.	4% + $0.40 per transaction; no fixed costs.	Supports multiple currencies including USD among others.Supported Currencies	Open-source tools available; developer-centric features for easy integration.

Understanding the extensive list, of currencies supported will ease the developer process in deciding which one to prefer.

See you in the next one

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