In the period of 2004-2008, the e-commerce market in UAE increased significantly from $2.5 billion to $10 billion. Along with this development, the demand for online payment has also risen rapidly in the United Arab Emirates (UAE).
Whether you are running a startup, a physical store intending to move online, or an existing online store, it’s crucial to have a safe payment gateway to grow with you. This article will help you select the most suitable payment gateway in UAE for your business.
How To Choose The Best Payment Gateway In UAE?
Based on criteria such as transaction fees, payment support, customer service, supplier convenience, and development policies, here are the 7 best-rated payment gateways in UAE that you should take into consideration.
Undoubtedly, Telr is one of the most well-known payment gateways in the UAE, which can provide multiple popular payment options.
Now, it supports more than 100 countries and constantly updates more payment options.
There are three payment levels: Entry, Small and Medium, which are great for startups, SMEs, and online businesses in the emerging market.
Reference Cost: There are 3 options for you: AED 349/month (Entry) | AED 149/month+ Transaction Fee (Small) | AED 99/month + Transaction Fee (Medium). You can select the most appropriate plan based on your monthly volume.
The second prevalent online payment gateway in UAE that we want to suggest is Amazon Payment Services formerly known as Payfort, operating in Arabic-speaking and surrounding countries such as UAE, Egypt, Saudi Arabia, Lebanon, Jordan, and Qatar.
This payment gateway accepts and proceeds multiple online payment options with high security in order to minimize transaction risks in your site and boost your revenue.
Since this payment gateway is tailored to Arab online buying habits and trends, it would be a perfect payment gateway solution for your virtual store.
- Standard Plan: if your monthly transaction volume is less than AED 300,000.
- Customized Plan: if your monthly transaction volume is greater than AED 300,000.
Reference Cost: It’s worth noting that you will not be charged the setup fee. The monthly fee is AED 200 + the Transaction Fee (2.80% + AED 1.0) for the Standard Plan.
Founded in 2012, Checkout is a leading international eCommerce gateway provider of online payment solutions.
In 2014, Checkout provided services to UAE, and it offered a streamlined payment gateway solution for mobile and online purchasing.
For UAE and other countries in the Middle East, Checkout offers 5 payment methods, namely VISA, Mastercard, JCB, Mada, and American Express.
Reference Cost: With a reasonable transaction fee of AED 1.10 + 2.9% of the subtotal, the checkout.com payment gateway is preferred for young entrepreneurs in the UAE.
2checkout is an entirely different company with “Checkout”.
Founded in 2006, this is an international payment gateway in UAE that develops trading services, including credit cards and debit cards.
In UAE, 2checkout provides 10 payment methods, including American Express, Apple Pay, Bank Transfer, JCB, Mastercard, Neteller, PayPal, PO, Skrill, and VISA.
This convenient payment gateway has spread its reputation to 200 countries up to now.
Reference Cost: The setup cost is around AED 180 with a relatively high transaction fee (4.7% + AED 1.73 on average). In return for that, you will have an absolutely safe and convenient payment gateway.
Located in Dubai, UAE, Cashu is considered the first and the largest online payment solution company in the Middle East and North Africa (MENA).
This payment gateway applies modern fraud prevention and AML systems to avoid all risks associated with online transactions.
Every transaction is guaranteed without any risk of chargeback.
With Cashu payment gateway, you will have a lot of opportunities to grow your business across markets on both a local and global scale.
Reference Cost: A setup fee and security deposit will be required.
The annual fee of this payment gateway depends on the total number of products sold or the volume of sales.
6. CC Avenue
Launched in 2001, CC Avenue is known as the most prominent Indian payment gateway provider. 3 years later, this company decided to expand its global footprint with the new office in Dubai.
Today, it has become a specialist in the field of electronic payments and is widely used by UAE eCommerce businesses.
CC Avenue payment gateway pricing can suit all business levels, from small and medium enterprises to large corporations in the e-commerce market.
Reference Cost: The setup cost is free for the Startup package, and the transaction fee is varied depending on customers’ selected payment method. Check out detailed CCAvenue payment gateway pricing below.
The last payment gateway in UAE that we highly recommend is PayTabs (established in 2014), which is well-known for its leading-edge payment processing and fraud prevention system.
This flexible and secure online payment solution enables e-businesses to easily make or receive payments and create and send invoices through agile and unique technology.
Moreover, PayTabs’s innovative layers of security management are certified by both Visa and MasterCard.
Currently, PayTabs provides you with three options: Start Up Plan – fixed monthly fee (AED 183.62), Growth Plan – paying 2.7% + AED 0.99 per transaction, and Enterprise Plan (negotiated). Depending on your monthly volume that you can select a proper solution.
From our research, the best payment gateways in UAE consist of Telr, American Payment Services, Checkout, 2checkout, CCAvenue, PayTabs, and Cashu. To integrate one of these payment gateways to your e-commerce store, in general, you will need to install a connection module or develop a custom extension for that.
If you find it hard to do the payment gateway integration, Tigren is willing to help! With solid expertise in e-commerce website design and development, we can not only help you to build a fantastic online store but also integrate your store with any payment solutions. Moreover, we had many opportunities to work with clients from the UAE, that’s why we are confident that we can meet all of your requests.