The e-commerce market in the United Arab Emirates grew significantly in the period between 2004-2008, and its growth was from 2.5 billion dollars to nearly 10 billion dollars.
With the development of e-commerce, the demand for electronic payment has increased in the United Arab Emirates.
If you run a startup or a traditional store and intend to move your business to the Internet, or you have an online store, it is imperative that you also have a secure online payment gateway to grow with you.
In this content, we will help you choose the most appropriate payment gateways in the United Arab Emirates to develop your business.
How do choose the best payment gateways in the United Arab Emirates?
This is done based on some criteria, including:
- Transaction fees.
- Payment support.
- Customer’s service.
- Satisfaction of suppliers.
- Development policies.
Here are the top seven payment gateways in the UAE:
Telr :
It is one of the most popular payment gateways in the United Arab Emirates.
provides many popular payment methods, and supports more than 100 countries.
constantly updating more payment methods, and there are three levels to it, which are:
- Entry.
- Small.
- Medium.
They are great for emerging, small, and medium businesses, and for e-commerce in emerging markets.
As for its cost, there are 3 options:
- 349 Dirhams per month (entry).
- 149 Dirhams per month + transaction fees (small).
- 99 Dirhams per month + (medium) transaction fees.
You can select the most suitable plan based on your monthly income.
PayFort :
It is one of the Amazon companies that work in the Arabic language and follows multiple methods of electronic payment.
This portal is keen on basic things, including:
- Achieving high safety.
- Reducing the risks of on-site transactions.
- Increase revenue.
Moreover, since this payment gateway is designed according to the Arab online buying habits and trends, it will be an ideal payment solution for your online store.
You will not be charged a setup fee here.
The monthly fee is 420 dirhams + 2.94% transaction fee + 1.84 dirhams.
checkout :
Founded in 2012, it is the leading international e-commerce portal providing electronic payment solutions.
In 2014, it was able to provide its services in the United Arab Emirates and provide a simplified solution for mobile and online purchases.
This portal provides ten payment methods within the United Arab Emirates, including:
- American Express
- Apple Pay
- Bank transfer
- JCB
- MasterCard
- Neteller
- PayPal
- PO
- Skrill
- VISA
This portal is a preferred option for young entrepreneurs in the United Arab Emirates, as its transaction fees are reasonable (reaching AED 1.10 + 2.9% of the total).
Checkout2 :
A completely different company from Checkout, it was founded in 2006.
It is an international payment gateway that develops trading services including credit and debit cards.
In the United Arab Emirates, it provides 102 payment methods, including:
- American Express
- Apple Pay
- Bank transfer
- JCB
- MasterCard
- Neteller
- PayPal
- PO
- Skrill
- VISA
In addition, this payment gateway has managed to achieve a good reputation in the field of electronic payment in nearly 200 countries so far.
As for their reference cost; The setup cost is around AED 180 with relatively high transaction fees (4.7% + AED 1.73 on average), but in return, you will have a completely secure and convenient payment gateway.
CashU :
Located in Dubai, it is the first and largest electronic payment solutions company in the Middle East and North Africa.
This secure payment gateway applies modern fraud prevention and anti-money laundering systems to all of its transactions to avoid all risks associated with internet transactions, and to avoid the risk of chargebacks.
With this payment gateway, you will have plenty of opportunities to grow your business across the markets, both locally and globally.
As for their costs; They include setup and security deposit fees, and annual fees depend on the total number of products sold or sales volume.
CC Avenue :
Launched in 2001, it is India’s largest payment gateway provider.
After 3 years, It expanded its global presence through its new office in Dubai.
Today, it has become a specialist in the field of electronic payments, as it is widely used by e-commerce companies in the United Arab Emirates.
Prices are suitable for all business levels; Starting from small and medium companies to large companies in the e-commerce market.
The cost of set up is free for the start-up package, and the transaction fee varies according to the specific payment method for the customers.
PayTabs :
Founded in 2014, it is known for its pioneering payment processing and fraud prevention system that enables:
- Flexible and secure electronic payment for e-businesses.
- The ability to make or receive payments via the Internet easily.
- Create and send invoices using a unique and flexible technology.
Furthermore, PayTabs’ innovative security management apps are certified by Visa and MasterCard.
It currently offers three options:
- Starting plan / fixed monthly fee (AED 183.62).
- Growth Plan / Pay 2.7% + 0.99 AED per transaction.
- Enterprise plan: to be negotiated depending on your monthly income.
Stripe
Stripe is a popular payment gateway solution in the UAE that lets businesses accept payments and send payouts globally. The solution powers payments for online retailers, subscription businesses, marketplaces, software platforms, and in-person retailers.
The platform also has innovative features to beat fraud, share invoices, issue physical or virtual cards, manage finances, and much more.
Payment options
- Cards
- Subsidiary support
- Wallets
- Bank redirects
- Bank debits and transfers
- Cash-based vouchers
- Currencies
- Buy now, pay later
Options for integration
1. Hosted payments page
2. Design your own payment form with Stripe elements
