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The Top 5 Payment Gateways for Australian Online Businesses 

The Top 5 Payment Gateways for Australian Online Businesses 

During in the winter of 2019, Andrew came up with a fantastic product concept that would aid in the reduction of package theft, which is a problem that is very frequent in his local region.

Months have passed since then, and he has managed to construct a working prototype with the assistance of his sister throughout that period. He approached a local auto parts store, who agreed to construct it for his prospective clients.

Following that, he selected a wonderful theme on a content management system (CMS) and had an online shop up and running in no time. However, when it came to putting a payment gateway on his website, he was at a loss for words.

First and foremost, there are a plethora of options available! Each seemed to be the greatest payment gateway in Australia – precisely what he was looking for – but then there was the cacophony of financial phrases like chargeback, payment processor, multi-step order processing, and API that he had no idea he needed to be familiar with!

He was faced with a decision between two options.

  • One, he should employ a developer to set up the gateway on his website so that he may devote his time and attention to optimizing his company model rather than to building it from scratch.
  • Two, put everything on hold and work out this jumbled mess of trying to discover the finest payment gateway in Australia for his company's website.

He was at a crossroads since the first choice would need him to spend money, which he didn't have much of at the time.

While the second alternative would need more time and energy, he wanted to devote that time and attention to his company growth strategy.

Andrew was looking for a paper that would set out the key characteristics of the finest payment gateways in layman's terms, as well as offer basic instructions on how to put them into practice.

If you are in a similar situation, or if you currently have a company but wish to change your payment gateway, then please continue reading this article for more information.

1. eWay

Supported platforms

  • Magento
  • Shopify
  • WooCommerce
  • BigCommerce
  • WP ecommerce

Pricing plan

According to Joel S, an eWay sales professional, merchants may choose between the flat "1.9 percent + 20c" rate or any of the program indicated above.

Method and frequency of payment

Your earnings from sales or subscriptions will be sent straight into your bank account. This sum is not available in any digital wallet.

You should be aware that eWay money are released every three days, so keep this in mind while running advertising campaigns.

Pros

  • One of Australia's most often used payment gateways
  • Integrated fraud prevention tool
  • Merchants who have been approved do not need a merchant account.
  • There are no setup costs.
  • Through the Beagle tool, transactions are risk-rated in real time (a free plan)
  • Due to the fact that APIs are safe and durable, eWay can be connected with almost any website on the earth.
  • Excellent client service
  • Solution for scalable payment

Cons

  • Their integrated fraud protection technology must be engaged manually from your merchant account.
  • eWay is available to merchants with bank accounts in Australia, New Zealand, Singapore, Hong Kong, Malaysia, and the United Kingdom.

Modes of payment accepted

  • Visa, MasterCard, American Express, Diners Club, JCB, and Discover are all accepted.
  • Visa checkout, MasterPlus, and Apple Pay are all examples of digital wallets.
  • Compliance with the PCI DSS
  • Grade 1 (the highest)
  • Integrating into your website
  • eWay offers an integrated gateway solution referred to as iFrame solutions. You may access eWay API resources using this link.

Policy on charge backs

  • You, the merchant, will suffer a $44 chargeback fee for each payment.
  • Payment processor accessibility
  • Yes, eWay is self-sufficient in terms of payment processing.

Rating

4.75/5 (based on 847 reviews)

2. SecurePay

Supported platforms

  • BigCommerce
  • Adobe Business Catalyst
  • Shopify
  • WooCommerce,
  • ShopFactory. 

Pricing information

SecurePay provides two methods of payment acceptance. They are as follows:

  • Online Payments using SecurePay
  • Combines a merchant account with a payment gateway into a single service.

This plan comes in three flavours:

1. For those just getting started

  • 45 cents for each transaction
  • Annual cost of $395

2. For customers wishing to conduct a certain number of transactions every year

  • There are no yearly fees.
  • For every 3,000 transactions, you will get $800. (you can process no more than 3,000 transactions using this plan) If you exhaust all 3,000 transactions, the account is immediately replenished.

3. As a result, we conduct approximately 5,000 transactions every month.

You have the option of contacting SecurePay and negotiating a specific price structure.

  • For those with a revenue of more than $1 million

There is one:

  • Pricing on an individual basis
  • Dedicated assistance
  • Management of accounts

If you meet these conditions, you may contact SecurePay for further information.

  • Method and frequency of payment
  • Depending on the risk assessment rules of SecurePay.

Pros

  • Provision of comprehensive reporting
  • Australian banks' assistance
  • Provides a simulated terminal
  • Provides a risk-free trial
  • Advanced anti-fraud measures
  • Payments are processed in batches.
  • Provides sandboxing for the purpose of testing the gateway
  • Payment page that may be customized

Cons

  • Fees not disclosed (PCI certification fee, service termination fee etc.)
  • It's challenging to publish reports.
  • Does not offer point of sale

Accepted modes of payment

All major credit cards and PayPal are accepted.

Rating

4.2/5.0

3. Square

Platforms that are supported

  • Shopify.com (through a 3rd party app)
  • Vend
  • WooCommerce
  • Xero
  • Website+marketing for GoDaddy
  • Scheduling using Acuity

Pricing

  • The software is completely free.
  • The square reader is available for $59 or in three instalments of $20.
  • 1.9% per tap or dip for Visa, MasterCard, American Express, eftpos, and foreign credit cards

Pros

  • Available is a virtual terminal.
  • Card may be kept on file.
  • It has capable reporting features.
  • It encrypts transactions from beginning to finish.
  • Unlike many other gates, it accepts deposits the next working day.
  • It does not charge for refunds.
  • It gives $250 per month as part of its chargeback protection package.
  • Square provides quick deposit for a modest cost (1 percent of the transfer amount).
  • iPad application designed specifically for brick-and-mortar shops

Cons

  • Card-not-present transactions are often highly inspected, resulting in large charge reductions.
  • In the majority of situations, disputes are resolved in favour of the merchant.

Level of PCI compliance

Grade 1

Integration technique

They give documentation for all APIs and SDKs on their website.

4. WorldPay

Supported Platforms 

  • Shopify
  • MassiveCommerce (hosted)
  • WooCommerce
  • Magento
  • WordPress Commerce

Pricing

WorldPay provides two distinct price models:

  • Pay as you go (2.75% + A$0.37 for credit and debit cards)
  • Monthly payment (A$37.35 + 2.75 percent for credit cards and 0.75% for debit cards)

If you execute more than 1,000 transactions each month, you may contact WorldPay for bulk pricing savings or monthly payment alternatives.

Method and frequency of payment

Twice a week, direct deposit into your bank account.

Pros

  • They may assist you in obtaining a PCI DSS compliance certificate (for as little as A $56.15 each year).
  • WorldPay is accepted in more than 146 countries.
  • It is compatible with over 126 different currencies.
  • Does not charge you additional subscription or billing costs
  • Equipped with built-in fraud protection mechanisms to ensure the security of transactions
  • Their online dashboard allows you to monitor the status of your order in real time.
  • There is no extra charge for refund processing (does not include bank fees)
  • Available is a virtual terminal.
  • Provider of credit card terminals
  • Integrates with PayPal

Cons

  • Perhaps an excessive number of services! You must do your own study prior to evaluating their services.
  • Does not provide a RISK-FREE trial

Accepted credit cards

Acceptance of all major credit cards

Integration technique

A list of WorldPay APIs is available here.

Chargeback

WorldPay will charge you $29 AUD in the event of a chargeback. This amount will be refunded to you if the consumer requests a chargeback.

Payment processor accessibility

Yes, WorldPay is self-sufficient in terms of payment processors.

Rating

4./4

5. Pin Payments

Supported platforms

  • Shopify
  • WooCommerce
  • BigCommerce
  • Chargify
  • Magento
  • ChargeBill
  • Snipcart.

Availability of payment processor

Yes, it has its own payment processor.

Method and frequency of payment

Within three business days, your business income is deposited into your bank account.

Pros

  • We offer recurring billing services.
  • Non-profit organizations pay a reduced cost.
  • Tools for preventing fraud
  • There is no need for a merchant account.
  • No contract with a lock-in period
  • Pre-authorization of a customer's card is possible without incurring any fees.
  • Continuity of performance across devices
  • APIs are really simple to integrate.
  • Customer service that is adequate
  • Prior to completing an order, the customer's credit card might be confirmed.

Cons

  • Provide no mPoS
  • Payouts in foreign currencies may take up to seven business days.
  • Merchants must provide consumers with screenshots of their receipts.

Rating

4.3/5.0

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