Choosing the Best Payment Gateway
Choosing the right online payment gateway for your business is a critical task. Use Formstack’s payment gateway comparison chart to choose the right gateway for your online business. Compare monthly fees, view popular features, learn about the major factors you need to consider, and review fee guidelines for selecting the best payment gateway.
Payment Gateway Comparison Chart
NOTE: These amounts reflect the monthly subscription for the payment provider.
Formstack does not charge a fee to integrate with any of our payment partners.
1 This comparative information is based on an average for these providers. Many of these payment processors have fluctuating pricing structures and fees according to volume.
Choosing An Online Payment Gateway: 4 Major Factors
When you process a payment, some payment gateways will keep a small part of the charge for letting you use their app. You will either pay a flat fee per each transaction, an established percentage from each purchase, or a combination of both charges.
It's important to know what types of credit or debit cards are accepted by your chosen online payment gateway. Additionally, some processors require users to link their bank accounts rather than entering a card.
If you use a pre-built form integrated with a payment gateway to collect your funds, pay attention to this factor. Some gateways will collect the payment right on the form, while others will direct users to another page to complete the purchase.
Recurring billing gives you the ability to set up a payment that reoccurs over a set period of time. If you need to bill your customers on a monthly basis without having to worry about performing this action manually, then you need an online payment gateway that supports recurring billing. Examples of companies that might need this feature include subscription-based companies or nonprofits who have repeat donors.
Payment Gateway Comparison: Know Your Fees
Some payment gateways keep a small part of the charge for letting you use their app. You will either pay a flat fee per each transaction, an established percentage from each purchase, or a combination of both charges.
Some payment gateways will charge a subscription fee to let you collect money with their app. This monthly charge might vary based on the volume of payments being processed or the number of bank accounts where the payments are going.
Setup fees include any costs that might be associated with setting up your payment gateway account. You will only need to pay this fee once.