Choosing the right payment gateway in Bangladesh can be frustrating, especially when you have little-to-no knowledge about the payment gateway.
Here we’ll explore 10 different options and help you decide which one is right for you.
Let’s dive right in.
Key Considerations for Choosing a Right Payment Gateway
You want a payment process that is simple, fast, and secure, so your customers feel confident and come back for more.
Here are some key factors to consider when selecting a payment gateway:
Trustworthiness:
To ensure payments go through successfully, every payment gateway follows a three-step process. This process includes security, settlement, and authorization. It is crucial that a trustworthy payment gateway manages all of these steps, providing faster processing times for transactions.
Currency Support:
If you have international clients, choose a payment gateway that offers easy currency exchange without extra charges. This makes things convenient for your customers.
Payment Options:
Improve the client experience by providing many payment options. Look for a payment gateway that supports net banking, card payments, mobile wallets, and QR payments to cater to various preferences.
Market Connectivity:
Ensure that the payment gateway seamlessly integrates with different devices and markets. Look for a provider that offers multiple integration solutions.
Security:
Security is crucial for financial transactions. Select a payment gateway that guarantees the safety of customer funds and follows PCI DSS security requirements. They should also have additional security measures to protect customer data.
Pricing and Extra Charges:
A good payment gateway should be able to handle different transaction processes smoothly. Ideally, each user would pay an extra fee based on the specific type of transaction they are making.
Following cost types:
- Annual fees
- Security fees
- setup cost
- Commission charge
- Refund charge
It’s important for a company to be aware of the overall cost of a payment gateway and ensure there are no additional charges to avoid any surprises.
Top 10 Payment Gateways in Bangladesh
A reliable payment gateway is crucial for secure and seamless online transactions, fostering the smooth growth of your e-commerce business and building invaluable client trust. In this section, we explore the top 10 payment gateways in Bangladesh, each equipped to empower your venture with a trusted platform for conducting transactions and ensuring a positive customer experience.
|
Payment Gateway
|
Requirement
|
Setup Fees
|
Annual Fees
|
Commission per transaction
|
|---|---|---|---|---|
|
SSLCOMMERZ
|
VAT/TIN
|
BDT 15,000
|
Free
|
2.5%
|
|
AamarPay
|
Nation ID/Passport,
TIN |
BDT 4,000- BDT 15,000
|
Free
|
2.55% – 3.25% as card, 1.85% – 2.% as bKash, Rocket, SureCash
|
|
PortWallet
|
TIN/VAT
|
Starter: BDT 5,000, Business BDT 20,000
|
Business: BDT 24,000
|
Starter 3.8%+ BDT 2, Business 3.5%+BDT 1
|
|
ShurjoPay
|
National ID, Tax Identification Number or VAT
|
Corporate - BDT 10,000* and Education - BDT 5,000
|
Free
|
2.5%
|
|
Easy Pay Way
|
Tax Identification Number, Trade license
|
BDT 5000-20,000
|
Basic-free, Starter- BDT 500, Professional- BDT 2000, and Corporate- BDT 2500
|
Basic- 6.5%, Starter- 5%, Professional- 3.9%
|
|
Fast Spring
|
GST/VAT/Tax exemption number/Driving license
|
Free
|
Free
|
8.9% per transaction with minimum $.75 purchase or 5.9% + $.95 per transaction
|
|
Paddle
|
VAT/Sales Tax Codes, Trade license
|
Free
|
Free
|
1.6%
|
|
2Checkout
|
VAT/Tax Identification Number, Trade license
|
Free
|
Free
|
3.9% + $0.45 and 1.5% cross-border fee
|
|
Stripe
|
TIN/Social security number, Trade license & foreign company registration
|
Free
|
Free
|
2.9% for credit and debit cards, 1% for international cards and money conversion 1% for instant payments and 3.9% for international sales
|
|
Paypal
|
Any address identification (need foreign company registration)
|
Free
|
Free
|
Online transaction- 2.9% +$.30, Border cross – 2.00% points, Micro-pricing: Domestic- 5.0% and Cross-border- 5.50%, Domestic personal transaction- free
|
Inside Bangladesh
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
Helpline: +880155-775-4357
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
Helpline: 09643250250
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.
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
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
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.
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.
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% + $0.45 and 1.5%cross-border fee
Requirements:
- VAT/Tax Identification Number
- Trade license
Privacy Policy:
- EU-US privacy shield and Swiss-US privacy shield framework
- Customer information will be shared with partners.
Refund Policy:
- Refund requests only accepted till 30 days
Terms and Conditions:
- Guides you through their price, refunds, liabilities, laws, delivery, renewal, etc.
*Need foreign company registration*
A global online payment gateway API. Allows both payment gateway and payment processing. This powerful API platform’s details:
Fees:
- 2.9% transaction commission from credit and debit cards
- 1% for international cards and money conversion
- 1% for instant payments and 3.9% for international sales
Requirements:
- TIN/Social security number
- Trade license
Privacy Policy:
- Customer information encrypted and not shared with any party
- PCI compliance
Terms and Conditions:
- Guides you through their policies, laws, liabilities, and usage
*Need foreign company registration*
One of the biggest online payment gateways and is present in many countries. Allows its users to make payments locally and globally along with peer-to-peer transactions that are not in other online payment gateways.
Fees:
- Online transaction- 2.9% +$.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.
Frequently Asked Questions
Q: How do I select the right payment gateway for my e-commerce business?
A: When choosing a payment gateway, consider factors like transaction security, ease of integration, customer support, transaction fees, and compatibility with your e-commerce platform to find the best fit for your business needs.
Q: Can I use these payment gateways for both local and international transactions?
A: Yes, most of the listed payment gateways like SSLCommerz, AmarPay, and PortWallet support both local and international transactions, providing flexibility to expand your customer base.
Q: Are there any transaction fees associated with using these payment gateways?
A: Yes, payment gateways typically charge transaction fees for processing payments. It’s essential to review their fee structures to understand how they impact your overall revenue.
Q: Do these payment gateways offer fraud protection and secure online transactions?
A: Absolutely! Reputed payment gateways like Shurjapay, 2Checkout, and Stripe implement robust security measures to safeguard sensitive customer data and protect against fraudulent activities.
Q: Can I integrate multiple payment gateways into my e-commerce store?
A: Yes, many e-commerce platforms allow integration with multiple payment gateways simultaneously. This gives your customers more payment options, enhancing their shopping experience.
Q: Is foreign company registration required for using PayPal in Bangladesh?
A: Yes, PayPal in Bangladesh requires foreign company registration, making it more suitable for businesses with an international presence.
Q: How long does it take to set up and activate a payment gateway for my e-commerce website?
A: The setup and activation time can vary depending on the payment gateway. Some gateways offer quick onboarding, while others may require additional verification steps.
Q: Do these payment gateways offer analytics and reporting features for tracking transaction data?
A: Yes, many payment gateways like FastSpring and Paddle provide comprehensive analytics and reporting tools, allowing you to monitor transaction data and gain valuable insights into your sales performance.
Q: Are there any restrictions on the types of products or services I can sell using these payment gateways?
A: Some payment gateways may have specific guidelines regarding the types of products or services they support. It’s essential to review their terms of service to ensure your offerings comply with their policies.
Q: Can these payment gateways be used with popular e-commerce platforms like WooCommerce or Shopify?
A: Yes, most of the mentioned payment gateways, including EasyPayWay, AmarPay, and SSLCommerz, are compatible with major e-commerce platforms like WooCommerce, Shopify, and others, simplifying the integration process for online store owners.
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.
One Response
Hey Nahid Hasan,
Aadarsh this side. You have really shared an awesome content piece providing in-depth ideas about best Bangladesh payment gateways. You have done a fabulous work here and presented each gateways nicely along with all the crucial &vital information that are simple to understand. These payment gateways are so important to make an online transaction of money.
After going through this complete guide a got ideas and am sure that this post will surely help lots of readers, people and especially to those who are willing to make an online transaction of money in Bangladesh.
Truly informative post and keep sharing more similar post.
Thanks,
-Aadarsh