List of Best Options for Payment Gateway in UAE (2023)

Payment gateways are one of the most important features of any eCommerce store. The main motivation behind the success of any online business is, how well customers are converting. Now for customers to actually buy anything from your site, first they need to have trust in your store. Payment gateways can help you to develop that trust. According to Woocommerce, having a properly set-up payment gateway system not only creates trustworthiness but also significantly drops the cart abandonment rate.

According to Forbes, just in UAE, the online sales crossed a whooping $2B mark, this goes on to show the potential of online business in UAE.

To get your piece of pie it is important for you to spend some time on deciding which payment gateways you should offer on your store. There are so many options for payment gateways that it becomes difficult to choose one as you have to see your own convenience as well as that of the customers. We have listed below some of the best payment gateways in UAE with their pros and cons, this will help you to decide what you need and what you don't.

Before we go into the details first I will briefly explain what payment gateway is and how it works. According to Wikipedia, “A payment gateway is a merchant service provided by an e-commerce application service provider that authorizes credit card or direct payments processing for e-businesses, online retailers, bricks, and clicks, or traditional brick and mortar. The payment gateway may be provided by a bank to its customers, but can be provided by a specialized financial service provider as a separate service, such as a payment service provider.”

(Video) Payment Gateway UAE - Shopify Payments UAE

Not all the payment gateways work in the same manner but more or less following steps are involved:

  1. A customer visits the site and places an order at the checkout, he may need to enter his credit card details.
  2. The website then securely sends the purchase details to the payment gateways.
  3. The payment gateway then sends the details to the seller's bank, where his account is.
  4. The merchant's bank then contacts the buyer's bank and exchanges the purchase details.
  5. If the information entered by the customer is right the bank then authorizes the transactions and amount are deposited in the seller account from buyers account.
  6. Payment gateway then returns the information to the website which then let the customer know if the purchase was successful.

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A brief summary of all the important information regarding gateways are presented below:

List of Best Options for Payment Gateway in UAE (2)

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(Video) 10 Best Payment Gateways

<a href="https://www.fmeextensions.ae/blog_ae/wp-content/uploads/2017/08/PaymentGatewayDubai.png"><img src="https://www.fmeextensions.ae/blog_ae/wp-content/uploads/2017/08/PaymentGatewayDubai.png" alt="Best Payment Gateaways For UAE" width="800" /></a> <br /> <strong>Compiled by – <a href="http://www.fmeextensions.ae/">Fmeextensions Dubai</a></strong>

List of Online Payment Gateways For UAE

1.Telr

Initially known as Innovate Innovate Payments, it was once considered as one of the best startups of UAE. Telr offers its service in more than 120 currencies worldwide. One of the unique features of Telr is that they offer their services in developing countries like Indonesia and Pakistan. Their monthly cost is AED 349, AED 149, and AED 99 for entry, small and medium level accounts respectively.

There are no charges on the remittance to the merchant account for the entry-level plan.

2.CashU

CashU was established in 2002 with the sole purpose of serving customers in the UAE but it has now become very popular in Europe as well. Interestingly, CashU offers free account creation and has a maintenance charge of 1$ per year which is lowest in the market. Per transaction charges depend on the amount of transaction. A complete list of all the charges can be found here. Quite recently CashU has also started their virtual credit card service with the collaboration of MasterCard. UAE residents with a registered CASHU account will be able to create their Virtual MasterCard Prepaid Card instantly, to make payments on e-commerce portals that accept MasterCard.

3.PayFort

Payfort is one of the most widely used payment gateways in UAE region.They recently changed their pricing plans. Now Payfort is only offering two pricing options, starter and Enterprise. For starter package, the monthly fee is 420 AED while for each transaction they charge 2.94 + 1.84 AED. Enterprise package is custom based which depends on the scale of your business.

(Video) Top Payment Gateways Services in UAE Dubai Abu Dhabi Ajman

With the collaboration of SOUQ.com(Now owned by Amazon), an online e-commerce giant in UAE, PayFort has also launched their Card-On-Delivery(COD) service. Basically, Card-on-delivery means that payment-on-delivery customers will now have a choice of paying by cash or by card. The delivery agents are able to process all major credit and debit cards using a mobile card machine.

4.CCAvenue

Started in India, CCAvennue is now a popular online payment gateway in UAE. They also offer zero setup fee option but that comes with a large monthly maintenance fee of $54.45. They also charge 3% on every transaction. CCAvenue is quite certainly an expensive option but they also offer a couple of free services like fraud prevention and 24/7 on-call support. They also support all major e-commerce platforms.

5.CyberSource

CyberSource is a part of well known international firm VISA. They operate in more than 190 countries around the globe and offer multiple solutions. CS also supports digital payment methods such as Apple Pay and Android Pay, as well as regional digital wallets such as Alipay, and KCP. Below are the details of their service charges:

6.PayTabs

A Bahrain based service provider that topped the list of best business start-ups in 2016 compiled by Forbes.They are offering their services in 168 currencies. You can set up complete PayTabs system in less than 24 hours. There is a number of ways you can integrate PayTabs like Plug-in, iFrame, SDK or direct integration by use of API. Currently, they are charging 2.85 % + 1 AED per transaction.

The setup cost is $400 while each withdrawal costs up to $15. Paytabs is not charging any monthly or annual maintenance fee.

(Video) How to accept online payments for your business in the UAE

7.Checkout

Working since 2010, Checkout started its service in UAE in 2014. They are charging 0.95% + 20 cents per transaction for European cards and 2.90% + 20 cents on non-European cards.They accept all the major credit cards around the world. They are also offering one of the best fraud management systems which they named as “Prism Risk Management System”.

8.2Checkout

While 2Checkout is a USA based service provider but it is very popular in MENA region. They are charging 3.9% + 45 cents per transaction while serving in 87 currencies. They are also charging 1.5% for the customers outside UAE and $25 for every chargeback. These costs may look high but at the same time, there is no set-up fee as well as no monthly maintenance fee.

9.HyperPay

Hyperpay is basically a Saudi Arabia based payment gateway but they offer their service in UAE as well. HyperPay has more than 100 partners from a wide variety of banks to well-known credit card companies. It also offers very easy integration with major e-commerce platforms i.e Wordpress and Magento. HyperPay offers one of the best and highly secure fraud management system

You might like to read about: Top Startups in Dubai (UAE) For 2020

Conclusion:

As there are a number of options available and each one has its own advantages and disadvantage, you have to decide what will work for you. One thing to keep in mind is that you might opt for a basic package for any of the gateway which might look lucrative now but as your e-commerce website in UAE grows you will have to go for the enterprise or the premium version of that gateway. You have no other option but to buy that expensive package. So before choosing anyone, plan well for the future. You can also contact a professional web development Dubai company that will help you in taking this critical decision.

(Video) STEP 2.2. Payment Gateways in UAE & region - C971 Shopify E-Commerce Blueprint UAE & Middle East

FAQs

Which is the best payment gateway in UAE? ›

Best 7 Payment Gateways in UAE
  1. PayTabs. Established in 2014, PayTabs is known for its quick payment processing and stellar fraud prevention system. ...
  2. Telr. Telr's state-of-the-art security and real-time monitoring have made it one of the top payment gateways in UAE. ...
  3. Amazon Payment Services. ...
  4. CCAvenue. ...
  5. Checkout. ...
  6. Stripe. ...
  7. 2Checkout.
Sep 1, 2022

Which payment gateway is best for Middle East? ›

In this article, we will shed a light on the best payment gateways in the Middle East in 2022.
  • CashU.
  • Moyasar.
  • Fawry.
  • Myfatoorah.
  • Paytabs.
Feb 7, 2022

What is the most popular mode of payment in UAE? ›

Cash and credit cards are currently the most commonly used payment methods in the UAE, followed by debit cards and mobile wallets. Credit card acceptance is now as common as cash payments.

Which payment gateway is best? ›

8 Best Payment Gateways of 2022
  • PayPal: Best for doing everything in one place.
  • Square: Best if you also have a storefront.
  • Braintree: Best for accepting a variety of payment types.
  • Chase Payment Solutions: Best for a built-in banking partner.
  • Authorize.net: Best if your business has more complex payment needs.
Jul 18, 2022

Which payment gateway is used in UAE? ›

From our research, the best payment gateways in UAE consist of Telr, American Payment Services, Checkout, 2checkout, CCAvenue, PayTabs, and Cashu.

Which payment gateway is cheapest? ›

Cheapest Payment Gateways of 2022
  • Adyen: Best overall.
  • Helcim: Best for transparent interchange-plus pricing.
  • Stripe: Best for customized checkout pages.
  • Braintree: Best for alternative payment options.
  • Stax: Best for high sales volumes.
  • Chase Payment Solutions: Best for quick payouts.
May 25, 2022

Which is the safest payment gateway? ›

CCAvenue Payment Gateway

CCAvenue is one of the most secure payment gateways to process online transactions. It is integrated with multi-vendor and CS cart. It works equally well in both production and test modes of payment and allows CCAvenue payment response to be recorded at the admin's end.

Is PayPal available in UAE? ›

You will be able to submit and accept payments from other banks if you open a PayPal account in the UAE. You can also share funds from your PayPal account to a UAE bank account or a credit or debit card. – You must deliver information from your national ID card to open a PayPal account in the UAE.

Which is the fastest payment gateway? ›

The best payment gateways make it simple and easy to take and process credit and debit card payments online.
...
The best payment gateways of 2022 in full
  1. PayPal. Best trustworthy payments solution. ...
  2. Stripe. Best developer-first payments technology platform. ...
  3. Payline. ...
  4. Adyen. ...
  5. Authorize.net.
Aug 22, 2022

Which product is in high demand in UAE? ›

Transport, devices and equipment

devices, as well as vehicles, will always be in high demand. in the UAE! SORP Group hopes that this brief overview will be useful to entrepreneurs who regard investments in the UAE trade sector as a possible direction for business development.

Is Google pay accepted in UAE? ›

Pay here, pay there, pay anywhere

Payments using Google Pay is accepted at almost all stores in the UAE and across the world where contactless payments terminals having the facility to accept digital wallet payments.

Which is the No 1 payment app? ›

The PayPal app won our category based on its seamless payment options between parties. Register your credit card or bank account with your PayPal account.

Which payment gateway is best worldwide? ›

So, without further ado, let's get started with our list of top 10 international payment gateways.
  1. PayPal Payment Gateway. PayPal is everyone's favorite and best payment gateway worldwide. ...
  2. Stripe Payment Gateway. ...
  3. Alipay Global. ...
  4. Authorize.Net. ...
  5. WorldPay. ...
  6. 2Checkout. ...
  7. SecurionPay. ...
  8. Amazon Pay.
Nov 19, 2020

Is Google pay a payment gateway? ›

Google Pay (also known as Google Tez or Pay with Google or Android Pay) is a digital wallet platform and online payment system developed by Google to power in-app and tap-to-pay purchases on mobile devices, enabling users to make payments with Android phones, tablets or watches.

Is Razorpay available in UAE? ›

With Razorpay's International Payments feature, we have introduced multi-currency support for up to 100 currencies including the popular United States Dollar, Great Britain Pounds, Singapore Dollars, Euro and UAE Dirham.

Who are the major players for online payment in UAE? ›

  • Telr. Telr, earlier known as Innovative Payments, is a popular payment gateway in the UAE. ...
  • CashU. CashU is a pioneer online payment solution in the Middle East. ...
  • Checkout. Checkout is an international payment gateway system popular for seamless transactions. ...
  • 2Checkout. ...
  • CCAvenue. ...
  • Cybersource. ...
  • Amazon Payment Services. ...
  • PayTabs.
Jun 8, 2022

Is Shopify legal in UAE? ›

Yes, absolutely! You can sell your products on Shopify in the UAE after when you have acquired a license for your trading activity. Shopify is a reliable eCommerce platform globally, including the UAE.

Is PayPal allowed in UAE? ›

The Answer is No! PayPal as of July 2022, does not have direct or credit card in UAE. However, you can connect your VISA or Mastercard debit or credit card to PayPal and shop with it anywhere in UAE. Once PayPal Card is available in UAE, you will be able to get it from major malls in Dubai, Abu Dhabi and all over UAE.

Which app gives instant money in UAE? ›

Paytm: Secure UPI Payments‏ Paytm - One97 Communications Ltd. PayBy – Mobile Payment‏ PAYBY TECHNOLOGY PROJECTS L.L.C. Trust: Crypto & Bitcoin Wallet‏ DApps Platform, Inc. CWMoney 理財筆記 專業版‏ MONEY & CMoney Inc.

Who are the major players for online payment in UAE? ›

  • Telr. Telr, earlier known as Innovative Payments, is a popular payment gateway in the UAE. ...
  • CashU. CashU is a pioneer online payment solution in the Middle East. ...
  • Checkout. Checkout is an international payment gateway system popular for seamless transactions. ...
  • 2Checkout. ...
  • CCAvenue. ...
  • Cybersource. ...
  • Amazon Payment Services. ...
  • PayTabs.
Jun 8, 2022

Is PayPal usable in UAE? ›

Anyone can use Paypal in Dubai just like you do at any other place. Simply download the Paypal App from Playstore as well as Appstore, add your personal details and link your bank account. Paypal doesn't permit you to connect online bank accounts like Liv. and specific banks including Dubai Islamic Bank.

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