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What is the cheapest gateway?

Cheapest Payment Gateways of 2022 Adyen: Best overall. Helcim: Best for transparent interchange-plus pricing. Stripe: Best for customized checkout pages. Braintree: Best for alternative payment options. Stax: Best for high sales volumes. Chase Payment Solutions: Best for quick payouts. More items... •

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A payment gateway is the technology on a website that lets customers securely enter and submit their card information and receive payment confirmation once the transaction is finalized. If you want to sell online, you’ll need a payment gateway. Payment gateways are closely tied to payment processors, which move the information to and from the various financial institutions involved in a card transaction. While the functions of these two services are distinct, companies often offer them in tandem.

Pricing type: Interchange plus.

Payment processing fees:

Interchange plus 12 cents per transaction for Visa and Mastercard.

3.3% plus 22 cents for American Express.

12 cents plus 3%-12% for other payment methods, depending on transaction type.

37 cents per transaction for ACH.

Monthly fee: None.

Why we like it: Adyen’s slim margin on top of standard bank and card network fees is among the lowest we’ve seen. However, there are monthly transaction volume minimums, and you’ll need to contact Adyen to see if you qualify.

Pros:

Low pricing.

No monthly fees or termination fees.

Cons:

Adyen has monthly minimums, which vary by industry and business model. This means some smaller businesses might not be able to use Adyen.

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Helcim: Best for transparent interchange-plus pricing

Pricing type: Interchange plus.

Payment processing fees:

Interchange plus 0.3% and 8 cents per in-person transaction (if less than $25,000 in monthly card transactions). Interchange plus 0.5% and 25 cents per online transaction (if less than $25,000 in monthly card transactions). Interchange plus 0.5% and 25 cents per manually keyed transaction (if less than $25,000 in monthly card transactions).

0.5% plus 25 cents for ACH payments.

Monthly fee: None.

Why we like it: Helcim offers low interchange rates, and its website shows exactly what you’ll pay for any type of card a customer uses.

Pros:

No contracts, no monthly fees and no minimums.

Pricing is easy to understand.

Cons:

Helcim offers better rates for businesses with higher volume, but you’ll need to do more than $25,000 in monthly card sales before the first price reduction kicks in. That amount might be tough to reach for some small businesses. Helcim NerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service. NerdWallet rating Shop Now on Helcim's website

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Stripe: Best for customized checkout pages

Pricing type: Flat rate.

Payment processing fees:

2.9% plus 30 cents for online transactions.

2.7% plus 5 cents for in-person transactions.

3.4% plus 30 cents for manually keyed transactions.

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3.9% plus 30 cents for international cards or currency conversion.

Monthly fee:

$0 for standard Stripe Connect.

$2 per account for Stripe Express (for marketplaces) or Stripe Custom (the white-label option). Why we like it: Stripe and Braintree both offer payment gateways with high levels of customization. They both also use flat rates. Stripe’s variable rate is higher than Braintree’s, but the flat rate is lower, making it the cheaper option if your average transaction is under $61.

Pros:

Stripe is coder-friendly, which is great if you’re building your own site from the ground up.

Flat-rate pricing makes costs predictable.

Cons:

Can require coding skills to implement.

Stripe Checkout, which requires minimal tech expertise, costs $10 per month to host on your site. Stripe NerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service. NerdWallet rating Shop Now on Stripe's website

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Braintree: Best for alternative payment options

Pricing type: Flat rate.

Payment processing fees:

2.59% plus 49 cents per transaction credit cards, debit cards and digital wallets. 3.59% plus 49 cents for Venmo (U.S. only), transactions in non-U.S. currency or transactions outside the U.S.

0.75% for ACH (maximum fee of $5). Discounts available for enterprise businesses.

Monthly fee: None if you use Braintree as your payment processor; $49 per month and 10 cents per transaction if you use a different payment processor. Why we like it: Braintree is owned by PayPal and benefits from its additional built-in payment options, like Venmo and "buy now, pay later." It’s cheaper than the PayPal-branded payment gateway, but it requires coding skills to use.

Pros:

Includes alternative payment methods, like the PayPal button, Venmo and buy now, pay later. You can use Braintree as your payment gateway and another company as your payment processor. In this case, Braintree's services will cost $49 per month and 10 cents per transaction. Accepts payments in over 130 currencies and is available in more than 45 countries.

Cons:

Requires coding skills to implement.

Unlikely to be the cheapest option for businesses with lower receipt averages.

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Stax: Best for high sales volumes

Pricing type: Interchange plus.

Payment processing fees:

Interchange plus 8 cents for in-person transactions.

Interchange plus 15 cents for manually keyed transactions.

$99 per month and up for software.

Monthly fee: Monthly subscriptions start at $99.

Why we like it: Stax’s rate doesn’t add a percentage margin to the interchange rate — it adds only a 15-cent fee. However, there's a monthly fee that can be hefty for some. If you’re spreading it across a high sales volume, it could end up being cost-effective.

Pros:

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Low interchange markup.

Cons:

High monthly fee makes the total cost less compelling for businesses with lower sales volumes. Make payments make sense Find the right payment provider to meet your unique business needs. SEE YOUR OPTIONS

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Chase Payment Solutions: Best for quick payouts

Pricing type: Flat rate. Interchange plus is available for larger businesses.

Payment processing fees:

2.6% plus 10 cents for in-person transactions.

2.9% plus 25 cents per transaction for online transactions.

3.5% plus 10 cents for keyed transactions.

Monthly fee: Varies; fee applies in some instances.

Why we like it: This payment gateway is a mashup of Chase and Authorize.net services. It’s a nickel cheaper per transaction compared with working directly with Authorize.net. If you use a Chase business checking account, you’ll get your money the next day — faster than the industry standard of two business days.

Pros:

Competitive flat-rate pricing.

Cons:

You must use other Chase products to get the quickest deposits.

There can be a monthly fee.

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Important factors to consider when comparing prices

Look for transparency

It’s easiest to compare prices when they’re published. A company that uses custom pricing or that requires you to call to get a quote might have a good price, but it takes more time to compare. Aside from monthly fees and processing fees, look for other fees that could impact your costs.

Know what type of service you need

Not all payment gateways work the same way. Some will redirect customers away from your site to the gateway’s site for payment, which can negatively affect completion rates. Others have pre-built payment gateways you can embed directly on your website. White-label gateways allow you to build a custom checkout experience on your site, which can be a good addition but one that requires technical skills. It’s important to confirm that the gateway will work the way you expect in addition to having a price tag you’re comfortable with.

Avoid extra fees (most of the time)

There’s no getting around paying a per-transaction fee. But most businesses can avoid companies that charge additional fees, like fees for setup or PCI compliance, a process that keeps card data secure.

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