Payment gateways offer a service that authorises credit or debit payments for companies that operate online or in the high street or mall. In short, it’s a service every retailer needs. And in the UAE, once you have your business license in place, it’s often the payment gateway that’s one of the next important steps. If you’re not able to receive payments from customers, you’re not able to trade.
Payment gateways pop up in different forms in various contexts. For example, in a physical store, you’ll encounter a payment gateway as a point of sale (POS) terminal where you tap your card or insert and enter your PIN. In an online store, you’ll find it as you check-out.
The world of payment gateways can be a confusing one. There are a number of aspects to be considered – which are the best payment gateways? The cheapest options? Are you able to get one without a UAE business license? And since some only operate in specific territories, what payment gateways are supported in the UAE?
So in this article, we will look at all of these questions, provide some answers, and give you some pointers on next steps in terms of researching the right payment gateway for your business, at the right price.
We will cover:
• List of e-commerce payment gateways in the UAE
• Cost of payment gateway in Dubai, UAE
• Cheapest payment gateway in Dubai, UAE
• How to choose the best payment gateway
• Can you get a payment gateway in the UAE without a license?
• Working with Creative Zone
List of e-commerce payment gateways in the UAE
Let’s look at some of the major players – in no particular order. Some are international and offer services to the UAE while others are home-grown. This is not an exhaustive list, but here are a few key names which are suitable for startups and smaller businesses.
1. Telr is among the most famous names, offering support in over 100 countries including the UAE.
2. CyberSource is found in over 190 countries, no surprise considering it’s a service provided by Visa.
3. PayFort is offered by Amazon Payment Services in multiple countries, including the UAE.
4. 2checkout is available in around 200 countries, and offers multiple payment methods.
5. Checkout.com offers services to the UAE as well as other parts of the Middle East and accepts several payment methods.
6. Cashu is a Dubai-based payment gateway that offers services around the MENA region.
7. CC Avenue is available in the UAE as a payment service provider, having started out in India.
Each gateway has its own pricing structure and deals or offers can change quickly at different times.
Cost of payment gateway in Dubai, UAE
This depends on the size of your business, but at the cheapest you might expect to pay around AED 100 per month with around 2.5% transaction fee if your company is large enough to process sufficient transactions to benefit from this kind of scale. For smaller business, you might be paying around AED 300 – 400 per month.
In all cases you’ll find a processing fee is usually charged per transaction and again the smaller the number of sales your company does, the higher this price.
It’s important to shop around and ensure that you’re getting what you need for your specific business.
Cheapest payment gateway in Dubai, UAE
This varies constantly as gateways compete on price and costs are constantly changing. When you set up your business license we can advise you on the best deals and the most-suited gateway for your company.
How to choose the best payment gateway
In short, they must operate in the UAE or offer services to this region. In addition, the price must work with your current or projected sales. Ideally you should be able to scale up your package as your company grows without any difficulty. The gateway also needs to support multiple payment methods and function with shopping-cart platforms. It’s worth checking out customer reviews of different gateways as you do your research.
Can you get a payment gateway in the UAE without a license?
You cannot get a payment gateway without a UAE business license. Contact Creative Zone to get the latest information on UAE company licensing.
Working with Creative Zone
So those are the key points around payment gateways in Dubai. Once you have your license, getting a payment gateway is the next step.
When you’re looking to set up a new company, or even as a freelancer, you can be sure that what you’re getting from Creative Zone is the latest, up-to-date info on business setup in Dubai from people who deal with this every day.
While the setup process can be somewhat stressful, you can fast-track it by working with a company formation specialist. It’s the quickest way to get set up in the UAE, letting us take care of all the details and ensuring your application is free from errors.
We can also help you with opening a corporate bank account and also offer important advice on the type of financial institution that would best suit your requirements.
Here at Creative Zone, we offer you the best solutions to start your company in the UAE. You get fast, reliable and unbiased advice on your unique business setup requirements. We can help you choose the right kind of license for your chosen business activity/activities and take you through the entire process from start to finish.
You can let us deal with the hassle of registering a company while you focus on your business. And working with us means you get the best budget friendly and cost-effective solution to help make your business dream a reality.
Over 10 years, Creative Zone has helped over 36,000 entrepreneurs set up their businesses. Whether it be a mainland business setup, offshore company setup, free zone company setup or issuing of trade licenses and any related activity for registering a company, Creative Zone is your one-stop-shop.