Which payment gateway should you choose for your ecommerce store?

There are several options to choose from and it can be a complicated decision. Everyone who is new to ecommerce will tell you that the most difficult task isn’t only to decide which platform is the best one, but also the different factors that you need to take into consideration when deciding which gateway is best for your specific needs.

But don’t worry, WebWorkz Digital Strategies has put together a handy comparison chart to streamline the process!

Authorize.Net

PayPal Pro

PayPal Standard

Intuit Web Store

An Authorize.Net Payment Gateway account allows you to accept credit cards and electronic checks through your web store. Authorize.net is used in conjunction with either the sellers existing Merchant Bank Account, or through a Merchant Bank referred by Authorize.net and that charges additional fees. PayPal Pro is a payment gateway solution that provides the option of either referring buyers to PayPal during checkout, or keeping them on your site throughout the checkout process. PayPal acts as a combined gateway and merchant bank, from which you can transfer money to any preexisting bank account (or keep money at your PayPal account). PayPal Standard is a payment gateway solution that connects your buyers to PayPal to complete the checkout process. PayPal acts as a combined gateway and merchant bank, from which you can transfer money to any pre‐existing bank account (or keep money at your PayPal account). Intuit’s Web Store option is combined payment gateway solution and merchant account. It is designed to integrate into an existing e‐commerce solution so buyers stay on your site during checkout. Sales receipts are automatically transferred to any pre‐existing bank account specified by the seller. Your ecommerce records are QuickBooks‐ready, making it easy to track and manage your Web Store transactions in QuickBooks.
Setup Fee $49.00 $0.00 $0.00 $0.00
Monthly Gateway Fee $25.00 $30.00 $0.00 $19.95
Fee Per Transaction $0.10 $0.30 $0.30 $0.25
Discount Per VISA/MC Transaction 0.00% 2.90% 2.90% 3.15%
Discount Per AMEX Transaction 3.50% 2.90% 3.20%
Batch Fee $0.10 $0.00 $0.00
OPTIONS
Advanced Fraud Detection/Month $9.95 $20.00 n/a
Automated Recurring Billing/Month $10.00 $30.00 n/a
Customer Information Manager/Month $20.00

Optional Merchant Account Fees (for comparison)

Authorize.Net

PayPal Pro

PayPal Standard

Intuit Web Store

Setup Fee $0.00 Included Included Included
Monthly Statement Fee $9.95
Per Transaction $0.25
Visa/MC Discount Rate 2.19%
Monthly Minimum Processing Fee  $25.00

*All Information as of 10/2/2014. Additional Setup and Configuration costs are part of the ecommerce store development.