Here are the transaction fees for all 15 payment gateways for WordPress
Payment gateways are a critical part of the e-commerce infrastructure that enable businesses to securely and reliably accept payments online.
When a customer makes a purchase on an e-commerce website, the payment gateway acts as the intermediary between the customer’s financial institution and the merchant’s bank account. It encrypts the customer’s payment information, such as their credit card number or bank account details, and transmits it securely to the financial institution for processing. Once the transaction is approved, the payment gateway sends the funds to the merchant’s bank account, minus any transaction fees.
Payment gateways typically charge a transaction fee for each transaction processed, which can vary depending on factors such as the country where the transaction takes place, the type of payment method used, and the volume of transactions processed. They also often offer additional features such as fraud prevention tools, recurring billing options, and detailed reporting and analytics.
Some popular payment gateways include PayPal, Stripe, Square, and Authorize.Net. These payment gateways are integrated into many popular e-commerce platforms such as Shopify and WooCommerce, making it easy for businesses to start accepting online payments quickly and easily.
- WooCommerce Payments: charges a transaction fee of 2.9% + $0.30 per transaction for US transactions and 4.4% + $0.30 for international transactions.
- PayPal:9% + $0.30 per transaction (varies by country and transaction volume)
- Stripe: 9% + $0.30 per transaction (for US transactions; varies by country)
- Square:9% + $0.30 per transaction (for online transactions; lower fees for in-person transactions)
- Net: 2.9% + $0.30 per transaction (plus monthly gateway fee of $25)
- 2Checkout:5% + $0.35 per transaction (plus additional fees for international transactions and currency conversion)
- Amazon Pay:9% + $0.30 per transaction (for US transactions)
- Skrill:9% + €0.25 per transaction (for card payments; varies by country and payment method)
- Payoneer: 3% per transaction (varies by country and payment method)
- Payza:9% + $0.30 per transaction (plus additional fees for credit card transactions)
- BlueSnap:9% + $0.30 per transaction (varies by country and payment method)
- Worldpay:75% + £0.20 per transaction (for UK transactions)
- Braintree:9% + $0.30 per transaction (for US transactions; varies by country)
- PayFast:5% + ZAR 2 per transaction (varies by country and payment method)
- WePay:9% + $0.30 per transaction (varies by country and payment method)
- Dwolla:5% per transaction (up to $5 max fee) + $0.01 per transaction (for ACH transactions only)
Note that these fees are subject to change and may vary based on the specific details of
your business and transactions.
Here are the links to these payment gateways
- PayPal: https://www.paypal.com/us/webapps/mpp/merchant-fees
- Stripe: https://stripe.com/pricing
- Square: https://squareup.com/us/en/pricing
- Authorize.Net: https://www.authorize.net/resources/pricing
- 2Checkout: https://www.2checkout.com/pricing
- Amazon Pay: https://pay.amazon.com/help/201751600
- Skrill: https://www.skrill.com/en/siteinformation/pricing/
- Payoneer: https://www.payoneer.com/pricing/
- Payza: https://www.payza.com/pricing
- BlueSnap: https://home.bluesnap.com/pricing/
- Worldpay: https://www.worldpay.com/global/products/pricing
- Braintree: https://www.braintreepayments.com/pricing
- PayFast: https://www.payfast.co.za/page/pricing
- WePay: https://go.wepay.com/pricing
- Dwolla: https://www.dwolla.com/pricing
- WooCommerce Payments: https://woocommerce.com/payments/