Published on September 21st, 2015 | by Skrill payment1
A Comparison Chart of Major Payment Gateways
Online sellers always have this big question in mind regarding the procedure of processing payments from their customers. There are many online businesses that make use of a solution called online payment gateway. As an online seller, you always need a reliable and a good online payment gateway for providing the best purchasing experience to your customers. There are different types of payment gateways but you must always use the best gateways in order to get required services. Going through the comparison of some of the major payment gateways will help you in picking the best solution easily. However, before this, you need to know what exactly a payment gateway is.
What is an Online Payment Gateway?
An online payment gateway is basically an e-commerce application service provider authorizing payments for online retailers and e-businesses. These gateways allow the user to list his or her services or merchandise online for processing debit cards, credit cards and other mediums of payment automatically. The different types of online payment gateways include PayPal, Checkout, Google Wallet, Skrill (Moneybookers) and so on. Here, we will have a look at Skrill payment gateway specifically. The details provided below will give you an idea about Skrill and how is it different from the other payment gateways.
Skrill helps the online businesses in accepting debit and credit cards. It serves in the form of a very basic online payment gateway. It can rightly be said that it is a very simple payment solution for all sorts of small businesses. This payment gateway is used by more than 120,000 merchants providing over 100 payment options including 41 currencies that cover 200 countries as well as territories. Sellers can use this payment exclusively for making their customers feel safe and secure. This is because the gateway does not provide information about personal payment to the sellers. Senders do not need to register their account with this payment gateway. It is only the recipient who needs to do this.
Comparing Skrill with PayPal
Skrill is not as popular as PayPal, in the sense that PayPal is known throughout the world. It serves in the form of a universal e-commerce payment platform allowing money transfers and payments on the internet. Users need their e-mail address for signing up with PayPal and that is it-they will instantly start receiving and sending payments. Additionally, PayPal also renders merchant services allowing businesses to accept all sorts of credit card payments in the form of standard merchant account. The transaction fees are also very low. This is not the case with Skrill where online transaction fees tend to be a little expensive.
Checkout is also known as 2CO. It serves in the form of a merchant account option which started being used in the year 2000. It makes it easy for the online businessmen to accept payments made through credit cards. It is not as flexible and versatile as Skrill with only eight payment methods covering 26 currencies and 15 languages.