Payment Gateway Comparison Chart
Paypal | 2CO | PowerPay | MoneyBookers | |
Details | PayPal is the leading online payment service, available in numerous countries and currencies throughout the world. It allows customers to make purchases in various ways. | 2Checkout is an online payment service that allows customers to make payments in various ways. It claims to deliver turn-key payment services. | PowerPay specializes in merchant accounts and online payment services. The company offers services for small, medium and large sized businesses. | Moneybookers is an online payment service that acts as an alternative to traditional payments methods. It requires identity verification before using service. |
Advantages | - Free to sign up - Widely known and trusted - Secure |
- Easy to use - Flexible shipping options -Secure |
- More flexible - No setup fees - Lower transaction fees |
- Free to sign up - Available in over 200 countries - Secure |
Disadvantages | - Higher transaction fees -Target of many scams -Mediocre support |
-Setup fee required - Complex account interface - Mediocre support |
- Requires monthly fees | - Doesn’t support all industries - Transactions outside of Europe take longer to process - Slow support |
This type of Payment Gateway is for you if… | You need a payment solution quick and a merchant account is not an option. | You want to integrate a payment service into your existing shopping cart. | Your business can handle monthly fees and requires a more flexible payment solution. | Your business has a large base of European clients. |
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