Payment gateways are crucial in transferring money smoothly from customer to merchant account and protecting their clients from fraud. Many Fintech companies offer payment gateway services in Bangladesh. Users and organizations may compare these firms to choose the best payment option. In recent years, Bangladesh saw the emergence of several online payment gateways. In this post, we'll discuss the top online payment gateways among them.
In recent years, Bangladesh has experienced tremendous growth and economic development. The purchasing power of Bangladeshi citizens is increasing, which has also increased the demand for goods at retail stores. Online payment gateways were implemented in Bangladesh to facilitate commerce. They are currently succeeding greatly in the commercial world. A feature like an online payment getaway is truly a blessing that is making things easier as internet business is increasing.
Best Online Payment Gateways in Bangladesh
According to our research, the online payment gateways listed below are the most dependable, and all the required information about them is provided below:
SSLCOMMERZ
SSLCOMMERZ, which was established in 2010, is the oldest and most prominent digital payment gateway in Bangladesh. It is the 1st Bangladesh Government approved payment gateway. It has been a market leader since its inception. Bangladesh Bank gave it the Gold Medal for outstanding performance and reliability.
Fees:
Step Fee: 15000 BDT
Visa and MasterCard Transactions: 5 % Commission
Internet and mobile banking: 2% to 4%
Requirements:
● VAT certificate
● Certificate of TIN
Supported Currencies:
● BDT, EUR. GBP. AUD. USD. CAD
Payment Options:
● Visa, MasterCard, and Mutual Trust Bank Net Banking. DBBL NEXUS Cards. Islamic Bank Net Banking. Bank Asia Net Banking. City Bank/ Amex.
Privacy Policy:
● Compliance with PCI and DSS
● Only the user can provide any information.
Refund Policy:
● There are no refund fees
● Within 5-7 working days, refunds will be issued
PortWallet
PortWallet is the fastest and most efficient payment gateway in Bangladesh. PortWallet has an integrated API system and internal processing options.
Fees:
● For starters, the setup fee is BDT 55,000 and for businesses BDT 20,000.
● Businesses receive BDT 24,000 annually
● For starters, credit/debit card fees are 3.8% + BDT 2, and for businesses 3.5% + BDT 1.
● Starter charges: 3% + BDT 2, for businesses 2.5% + BDT 1.
Requirements:
● TIN Certificate
● VAT Certificate
Supported Currencies:
● Multi-currency support
Payment Options:
● Visa, MasterCard, and bKash are all accepted. Nexus is not accepted.
Privacy Policy
● Compliance with PCI and DSS
● Instant notifications and 3rd-tier security
Refund Policy
● No extra charges for refunds
ShurjoPay
ShurjoPay is another popular payment gateway for Bangladesh. They were the first to be granted a PSO license by Bangladesh Bank. They are loved by both merchants and customers. They charge a higher sign-up fee than other providers, but there are no annual maintenance fees.
Fees:
● Corporate customers pay BDT 10,000 for the sign-up fee and BDT 10,000 for the integration fee
● For customers in the Education Industry, the sign-up fee is BDT 10,000 and the integration fee is BDT 5,000
● There are no annual or monthly fees
● Visa and Mastercard charges: Corporate customers pay 2.5% and the Education industry pays 1.5%
● American Express charges: Corporate customers pay 3.5% and Education industry members pay 1.5%
● Charges for mobile wallets (bKash Rocket, Rocket): Corporate customers pay 2.5%, while the Education sector pays 1.5%
Requirements:
● National ID
● TIN Certificate or VAT certificate
Supported Currencies
● All currencies
Privacy Policy
● All customer data is protected and shared with no third parties.
● Transactions require proper verification and validation
Refund Policy
● Before being reimbursed, customers must provide proof.
Easy Pay Way
Easy Pay Way is one the most flexible and secure payment gateways in Bangladesh. There are four basic plans: Basic, Starter, Corporate and Professional. The commission rate depends on how many transactions you make.
Fees:
● Setup fee: Basic BDT 5,000; Starter BDT 10,000; Professional BDT 18,000; Corporate BDT 24,000
● Annual Fees: Basic does not have any yearly fees. Starter BDT 500, Professional DT 2,000, and Corporate BDT 2500.
● Transaction commissions: Basic 6.5%; Starter 5%; Professional 3.9%. You can request a quote from the corporate.
Requirements:
● TIN Certificate
● Trade License
Privacy Policy:
● They may give your information to third parties but it is done with safety and proper vetting.
Refund Policy:
● Although the refund will be initiated as soon as you select the refund option, it may take several business days for reconciliation.
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Payoneer
Payoneer, an online payment gateway that is reliable and cheap, is available in more than 200 countries. This payment gateway is especially popular with freelancers from Bangladesh. To receive remittances, you can link Payoneer with bKash.
Fees:
● Transaction fees of 3% will be charged
● You will be charged $29.95 if your account remains inactive for more than 12 months.
Privacy Policy:
● Passwords can be encrypted
● All user data are encrypted
● Secure Firewalls
Requirements:
● Passport/National Identity Card
Refund Policy:
● Standard refund policy