Payment Gateways in UAE are like when you buy something from an E commerce online store and pay. In the UAE, there are different ways to pay online, and they’re called “payment gateways”. This blog is a guide that explains what payment gateways in UAE are and how they work. You’ll learn about the different types of payment gateways available, how they keep your money safe, and how businesses can use them to accept payments from customers. If you’re interested in understanding more about online payments in the UAE, this blog is for you!
What is a Payment Gateway?
A payment gateway is an online tool that helps businesses accept electronic payments, like credit cards or debit cards, from customers. It’s like a virtual cash register that keeps your payments safe and secure. Once you pay, the gateway tells the business the payment is done and releases the item you purchased to you. Payment gateways are really important for online shopping because they make it possible to buy things from all over the world.
Payment gateways are usually offered by banks and other financial institutions that specialize in this service. Nowadays, customers can use a variety of payment methods through payment gateways such as credit cards, debit cards, online wallets, UPI, and net banking.
Benefits of Payment Gateways
Increased convenience: Payment gateways in UAE offer a convenient way for customers to make payments online, without having to physically visit a store or bank. This is especially important in the UAE, where there is a large expat population and many people prefer to do their shopping online.
Greater security: Payment gateways in the UAE have advanced security features that protect customers’ personal and financial information during transactions. This is especially important in a country like the UAE, where there is a high incidence of credit card fraud.
Acceptance of multiple payment methods: Payment gateways in UAE typically accept a variety of payment methods, including credit cards, debit cards, online wallets, and bank transfers. This makes it easier for customers to pay for goods and services using their preferred payment method.
Improved cash flow: Payment gateways in UAE allow businesses to receive payments quickly and efficiently, which can help improve their cash flow. This is especially important for small businesses that may not have the resources to process payments manually.
Increased global reach: Payment gateways in UAE allow businesses to accept payments from customers all over the world, which can help them expand their customer base and grow their business. This is especially important in a country like the UAE, which has a large tourism industry and attracts visitors from all over the world.
How does the Payment Gateway Work?
The payment gateway works by securely processing electronic transactions between customers and businesses. Here’s a simplified overview of how it works:
- Customer initiates payment: The customer selects their preferred payment method (e.g. credit card, online wallet, etc.) and enters their payment details into the payment gateway application.
- Payment gateway encrypts information: The payment gateway application encrypts the customer’s payment details (e.g. credit card number, CVV code, etc.) to ensure that they are protected during the transaction.
- Payment gateway sends request to bank: The payment gateway application sends a request to the customer’s bank or financial institution to confirm that they have sufficient funds to complete the transaction.
- Bank approves or declines transaction: The customer’s bank or financial institution approves or declines the transaction based on their available funds, credit limit, etc.
- Payment gateway informs business: If the transaction is approved, the payment gateway application sends a message to the business informing them that the payment has been received and the purchased item can be released to the customer.
- Payment gateway settles transaction: The payment gateway application settles the transaction by transferring the funds from the customer’s account to the business’s account, minus any transaction fees.
Best Payment Gateways in UAE
Telr
Telr is a payment gateway solution that caters to businesses in the UAE and across the Middle East. It offers a range of payment options and is designed to make online transactions easy, fast, and secure.
One of the advantages of using Telr is that it offers multiple payment options including credit cards, debit cards, online banking, and e-wallets. This ensures that businesses can cater to a wider audience and make it easy for customers to pay for their products or services.
Telr’s payment gateway is also designed to be user-friendly and easy to integrate with various e-commerce platforms. It supports a range of popular platforms such as Magento, WooCommerce, and Shopify, making it easy for businesses to start accepting payments online.
In terms of security, Telr uses the latest encryption technology to protect sensitive customer data during transactions. This helps to prevent fraud and ensures that both businesses and customers are protected.
Another advantage of Telr is its customer support. The company offers 24/7 customer support via phone, email, and live chat, ensuring that businesses can get assistance whenever they need it.
| Payment Gateway Plan | Monthly Cost (AED) | Transaction Cost |
|---|---|---|
| Entry-Level | 349 | N/A |
| Small Level | 149 | 2.69% + AED 1.00 |
| Medium Level | 99 | 2.49% + AED 0.5 |
Cashu
CashU is a payment gateway that operates in the Middle East and North Africa (MENA) region. It was founded in 2002 and is headquartered in Dubai, UAE. CashU allows customers to make online payments for various goods and services without the need for a credit card or bank account.
One of the main advantages of CashU is that it offers a secure payment solution for customers who do not have access to traditional payment methods. Users can simply create a CashU account and add funds to it using one of the available payment methods, such as cash payment at one of the many CashU partner locations, bank transfer, or other local payment options. This makes it easy and convenient for people in the MENA region to shop online.
CashU also offers a merchant portal, which allows businesses to accept payments from customers who use CashU. Merchants can integrate CashU’s payment gateway into their online stores, making it easy for customers to pay for their purchases. CashU provides an API that merchants can use to customize the payment process and integrate it into their website.
CashU has implemented various security measures to protect its customers’ personal and financial information. The company uses encryption technology to secure the transactions and prevent unauthorized access. CashU also has a fraud detection system in place to identify and prevent fraudulent transactions.
In terms of fees, CashU charges merchants a transaction fee of 1.5% of the transaction amount. There are no setup or monthly fees for merchants to use CashU’s payment gateway. Customers can use CashU to make purchases online without any additional fees.
Overall, CashU provides a convenient and secure payment solution for customers and merchants in the MENA region. With its various payment options and integration with online stores, CashU has become a popular payment gateway in the region.
| Maintenance Charge | Supported Platforms |
|---|---|
| $1 per year | MasterCard (virtual credit card service) |
Checkout
Checkout.com is a global payment gateway that allows businesses to accept payments in multiple currencies. It provides a secure platform for online transactions and offers various features such as fraud prevention, real-time analytics, and customizable checkout options.
The checkout process with Checkout.com is simple and user-friendly. Customers can pay with their credit or debit cards, as well as alternative payment methods such as Apple Pay and Google Pay. Checkout.com also supports recurring payments and subscriptions for businesses with recurring billing models.
Checkout.com’s fraud prevention system uses machine learning algorithms to analyze transaction data and detect any fraudulent activity. It provides real-time insights into transaction performance and customer behavior, allowing businesses to make data-driven decisions to optimize their payment processes.
In terms of pricing, Checkout.com charges a transaction fee based on the volume of payments processed. The fees are customizable based on the business’s specific needs and can be negotiated with the Checkout.com sales team.
Overall, Checkout.com provides a reliable and secure payment gateway solution for businesses looking to accept payments online. Its customizable checkout options, fraud prevention features, and real-time analytics make it a popular choice for businesses of all sizes.
| Pricing Structure | Supported Platforms |
|---|---|
| Set-up charges – Nil | WooCommerce |
| Cost per transaction – 2.9% + AED 1.10 | Shopify |
| Magento | |
| Prestashop |
CCavenue
CC Avenue is a popular payment gateway in India that offers its services in the UAE as well. It provides multiple payment options to customers, including credit cards, debit cards, net banking, and various other digital wallets.
Integration: CC Avenue provides easy integration with various e-commerce platforms such as Magento, PrestaShop, Shopify, and WooCommerce. It also offers a customizable payment page that can be modified to match the website’s theme and design. The gateway also provides API integration and plugins to make the integration process more comfortable.
Fees: CC Avenue charges a one-time setup fee of AED 1,000. Additionally, it charges a transaction fee of 2.25% to 3.5% + AED 1 per transaction, depending on the package chosen by the merchant. There are three different pricing packages available for merchants, i.e., Startup Pro, Privilege, and Elite, depending on their transaction volume.
Benefits: CC Avenue provides various benefits to its merchants, such as:
- Multiple payment options, including international credit and debit cards, as well as local payment methods.
- 24/7 customer support and technical assistance to resolve any payment-related issues.
- Customizable payment pages to match the website’s design.
- Fraud detection and prevention tools to ensure secure transactions.
- Comprehensive reporting and analytics features to track sales and monitor performance.
Overall, CC Avenue is a reliable and user-friendly payment gateway that can be an excellent choice for merchants looking to expand their online business in the UAE.
Amazon Payment Services
Amazon Payment Services (APS) is a payment gateway service provider in the United Arab Emirates. It is a subsidiary of Amazon and is regulated by the UAE Central Bank. APS provides payment solutions to businesses of all sizes, allowing them to accept payments through various payment methods, including credit and debit cards, online banking, and mobile wallets.
Integration: APS offers integration with major e-commerce platforms such as Magento, Shopify, and WooCommerce, making it easy for businesses to set up and start accepting payments. They also provide APIs for developers who want to customize their payment process.
Fees: APS offers competitive pricing with no setup fees or monthly fees. The transaction fees depend on the payment method used and the volume of transactions. The transaction fees for credit and debit card payments range from 2.85% to 3.39% + AED 1.20 per transaction. For other payment methods such as online banking and mobile wallets, the fees vary depending on the payment provider.
In addition to payment processing, APS also provides fraud detection and prevention services to protect businesses from fraudulent transactions. They offer 24/7 customer support through various channels, including phone, email, and live chat.
Overall, Amazon Payment Services is a reliable payment gateway solution for businesses in the UAE, offering easy integration, competitive pricing, and comprehensive fraud protection.
