Top 10 Payment Gateways In Bangladesh For Online Payment

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With the increasing number of internet users, the number of online payment users is also increasing and people are loving the payment gateway system.

Online payment gateways are time-saving, faster, and require much less effort than offline payments. Even though there are many online payment getaways in Bangladesh, you need to be careful while choosing the one you will be using. It should be safe, secure, and well-known in the market and from the best online payment gateway service provider.

Following are the top 10 online payment gateways in Bangladesh for online payment, you can consider using them:

Inside Bangladesh

1. SSLCOMMERZ

One of the leading payment gateways for online payment in Bangladesh. It has been awarded with a PSO license by the Bangladesh bank. Other things about SSLCOMMERZ:

Fees:

  • BDT 15000 as a setup fee
  • 2.5% commission from visa and MasterCard whereas 2%-4% for internet banking and other cards 
  • No extra charges regarding refund

Requirements:

  • VAT/TIN

Privacy Policy:

  • PCI DSS compliant system
  • Only Collects information provided by the user

Refund Policy:

  • Refund is initiated into your account within 5-7 working days.

Terms and Conditions:

  • Guide through their merchant and SSL user obligations, chargeback regarding fraud transactions, Refunds, and shipment policies

 

2. PortWallet

 A very smooth working and the leading advanced payment gateway due to its inbuilt API system and connective solutions. Other things about PortWallet:

Fees:

  • Starter BDT + 5000 and Business BDT + 20,000 as the setup fee
  • Business BDT 24,000 as the annual fee
  • Commission charges for credit and debit card: starter- 3.8% + BDT 2 and business- 3.5% + BDT 1
  • Commission charges for net banking: starter- 3% + BDT 2, business- 2.5% + BDT 1
  • No extra charges for refund

Requirements:

  • TIN/VAT

Privacy Policy:

  • Highly secured PCI DSS compliant system
  • 3d security system and instant notification

Refund Policy:

  • Try to resolve the problem as soon as possible and return the money in your account as soon as the issue gets solved.

Terms and Condition:

  • General rules, account creation, governing laws. If you violate any you get a penalty.

3. Aamarpay

Provides a secure and quick payment solution for its merchant users and with its lowest fees and fast checkout. Other things about Aamarpay:

Fees:

  • For setup fee it has 4 types of plans; BDT 4,000- BDT 15,000
  • No annual fee
  • 2.55% – 3.25% as card commission and 1.85% – 2.% as bKash, Rocket, SureCash commission.
  • No extra charges on returns

Requirements:

  • Nation ID/Passport
  • Tax Identification Number

Privacy Policy:

  • Instant payment notification 
  • 3 layers of security and the highest integrity to keep your information safe.

Refund Policy:

  • Resolve the dispute and return the money to your account as soon as the matter is dissolved.

Terms and Conditions:

  • General identification, eligibility requirements, services, ownership, fees, and other charges. This should not be breached

4. ShurjaPay

A universal payment gateway for both the consumers and the business merchants. One of the first payment gateways to be granted the PSO license by the Bangladesh bank. Other things about SurjaPay:

Fees:

  • Signup fee; Corporate- BDT 10,000* and Education- BDT 10,000
  • Integration fees; Corporate- BDT 10,000 and Education- BDT 5000
  • No annual or monthly maintenance fee
  • Visa, Mastercard, nexus; Corporate- 2.5% and Education- 1.5%
  • American express and mobile wallet; Corporate- 3.5% and 2.0% respectively, Education- 1.5% for both

Requirements:

  • National ID
  • Tax Identification Number or VAT

Privacy Policy:

  • Highly secured and no information is shared with 3rd person
  • Banks only work after proper validation and verification

Refund Policy:

  • Only refunded when disputes get dissolved and proof is in your favor

5. Easy Pay Way

One of the most secure payment gateways in the Bangladesh market. Make our payment secure, hassle-free, and time-saving. It has other notable things:

Fees:

  • Setup fee; Basic- BDT 5,000 Starter- BDT 10,000 Professional- BDT 18,000 and Corporate- BDT 20,000
  • Annual fee; Basic-free, Starter- BDT 500, Professional- BDT 2000, and Corporate- BDT 2500
  • Per transaction commission; Basic- 6.5%, Starter- 5%, Professional- 3.9% 

Requirements:

  • Tax Identification Number
  • Trade license

Privacy Policy:

  • All collected information is for their use only
  • May provide our information to 3rd party

Refund Policy:

  • Your refund process will start the moment you click the refund option. Might take some days to refund. 

Terms and Conditions:

  • Guides you about the rules, terminations, requirements, restrictions, and interpretations of the company.

To Receive Payment From Global Business

6. Fast Spring

A payment gateway for eCommerce that allows smooth and nice payments because of its amazing features. Allows software and SaaS companies to increase their revenue by 30% or more. Fast Spring’s other details:

Fees:

  • No signup fee and term contract
  • 8.9% per transaction with minimum $.75 purchase or 5.9% + $.95 per transaction
  • $5.00 refund fee

Requirements:

  • GST/VAT/Tax exemption number/Driving license

Privacy Policy:

  • EU-US privacy shield framework for transferring personal information
  • Encrypted personal data

Refund Policy:

  • After dissolving the issue, the refund is initiated and the fee is retained that was charged on the original transaction.
  • 90-day refund limit-PayPal; 6month refund limit-credit card  

Terms and Condition:

  • Gambling, piracy, adult content, inappropriate data, personal data policy is discussed and should not be breached.

7. Paddle

An online single integrated platform that allows the NDR enhancement across all assets, expansions, and renewals. Paddle’s other details:

Fees:

  • No signup fees
  • No monthly subscription
  • Only a %transaction fee

Requirement:

  • VAT/Sales Tax Codes
  • Trade license

Privacy Policy:

  • Confidentiality, safety, and integrity of customers personal information

Refund:

  • Refunds will not be initiated if found faulty

Terms and Conditions:

  • Guides you about their chargebacks, termination, privacy, tax, refunds, laws, responsibility, and liability. These should not be breached.

8. 2Checkout

An international payment gateway that allows smooth and fast online global payments and also increases your revenue and helps sell globally. A digital commerce site with having other details:

Fees:

  • No setup or annual fee
  • Commission per transaction- 3.9% + $0.45 and 1.5%cross-border fee

Requirements:

  • VAT/Tax Identification Number
  • Trade license

Privacy Policy:

  • EU-US privacy shield and Swiss-US privacy shield framework
  • Customer information will be shared with partners.

Refund Policy:

  • Refund requests only accepted till 30 days

Terms and Conditions:

  • Guides you through their price, refunds, liabilities, laws, delivery, renewal, etc.

9. Stripe

*Need foreign company registration*

A global online payment gateway API. Allows both payment gateway and payment processing. This powerful API platform’s details:

Fees:

  •  2.9% transaction commission from credit and debit cards
  • 1% for international cards and money conversion
  • 1% for instant payments and 3.9% for international sales

Requirements:

  • TIN/Social security number
  • Trade license

Privacy Policy:

  • Customer information encrypted and not shared with any party
  • PCI compliance

Terms and Conditions:

  • Guides you through their policies, laws, liabilities, and usage

10. Paypal

*Need foreign company registration*

One of the biggest online payment gateways and is present in many countries.  Allows its users to make payments locally and globally along with peer-to-peer transactions that are not in other online payment gateways. 

Fees:

  • Online transaction- 2.9% +$.30
  • Border cross – 2.00% points
  • Micro-pricing: Domestic- 5.0% and Cross-border- 5.50%
  • Domestic personal transaction- free

Requirement:

  • Any address identification

Privacy Policy:

  • PCI compliance
  • No data is shared with 3rd party

Refund Policy:

  • Item can be refunded till 180 days
  • Unclaimed and canceled payment is refunded to you in 30 days

Terms and Conditions:

  • Guides you through their laws, policies, general rules, information, etc. It should not be breached.

The list of online payment gateways mentioned above is the best that you can use in Bangladesh. They are suitable for both personal transactions and payments and even for merchants.

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