whether you’re just starting your own online business or you’re already running your own small ecommerce business, choosing the right payment gateway is essential for the growth of your business and for getting paid in a precise, secure and quick way, it serves as a transaction middleman between your ecommerce business and your customers in addition to ensuring a high level of data security for you and your customers.
What is a payment gateway?
A payment gateway is a technology through which merchants can accept various payment methods from customers from one place; in online stores it’s the “checkout” portals used to enter credit card information where the payments are collected on behalf of the merchant, and they usually require Application Programing Interfaces (APIs).
For the past few years, the number of payment gateways in Egypt have been accumulating, which made choosing the most relevant payment gateway with the features and services that support your eCommerce business quite challenging, and here you will find a full guide with the major payment gateways in Egypt to guide you in choosing the most convenient payment gateway for you.
Payment gateways in Egypt
Amazon Payment Service (PayFort)
Payfort, which is now owned by Amazon, is a leading provider of payment processing services that operates across the Middle East and North Africa (MENA) region that works to provide a safe, trustworthy, and simple online payment gateway where you can accept, process, and monitor digital payments for ecommerce businesses.
Being available in 8 countries for business helps in reaching more customers worldwide, in addition to various secure and reliable payment methods and installments that work with about 13 banks.
Amazon Payment provides various services that facilitates the payment process for your customers and allows you to collect payment from your customers easily with their own preferable methods, it also allows you to analyze the customer behaviour on your website along with detailed customer insights, reviews and reports.
Choosing a payment gateway depends on your needs and requirements to provide the most suitable services for you and your customers, as for Payfort’s features:
- Supports more than 100 different international currencies.
- Offers local payment options, supports paying in installments.
- Supports a recurrent billing feature that facilitates monthly and annual contributions.
- Provides (Collect) service which allows you to collect payments from your clients through quick and simple payment links that can be sent directly to any device or platform.
- Provides Real-Time Monitoring service which allows you to track customer behavior during the payment process, so you can make informed decisions based on your client's needs without waiting for weekly or monthly reports for analysis.
- Fees: 650 EGP per month, 5 EGP per transaction, 2.90% commission per transaction, and 1200 EGP to create an account.
- Requirements: a valid Commercial Register, Tax Card copy, owner ID copy, a registered company is nescessary to work with Payfort, and you must be an amazon customer.
Fawry Pay
Fawry Pay is a leading Egyptian payment gateway that offers financial services for customers and online business owners for business growth and building online stores with a completely loyal platform where you can easily receive and make payments.
Financial services are provided to individuals and corporations through multiple methods and in more than 225,000 locations and is safe and always reliable.
Moreover, it provides multiple services with full payment options, from managing and creating bills and subscriptions, applying single or bulk payments, and accepting payments in a few easy steps with various integration models that fit your business needs, to creating and organizing events.
Fawry Pay is the right choice for you if you’re looking for a payment gateway that:
- Is easy to set up and has a control board that allows you to follow your financial transactions.
- Supports multiple payment methods.
- Supports recovery of funds in multiple ways such as fund recovery through one of its outlets or through bank cards according to the client's payment method.
- Provides Pay To Link option which allows you to receive payments in one click and easily manage your customer’s payments.
- Keeps your customers engaged with the full range of online promotions and offers.
- Fees: 500 EGP per month for building an e-store, 1000 EGP to create an account, 2.50% commission per transaction.
- Requirements: a valid Commercial Register, Tax Card copy, owner ID copy, a bank account.
Vapulus
Vapulus is a payment gateway that helps facilitate online shopping experiences and increase conversion rates, where professional solutions for online, in-store payments, and terminals is provided, as it also works B2B where organizations can accept payments directly from customers anywhere in the world and providing access to various customer acquisition and loyalty tools, and has an advanced API that is easy to integrate, it provides high levels of safety, security, and loyalty.
In addition to providing the ability to manage all your business sales, Vapulus transforms data into in-depth detailed reports to keep track of all your sales and all your customer’s reports and reviews.
Vapulus is a unique payment gateway as it gives you the ability to add more than one website for the same company, and some other features such as:
- Available in over 146 states.
- Supporting up to 135 currencies.
- Easy to integrate and use with great flexibility in transferring funds.
- Provides multiple global and local payment methods.
- Provides electronic billing service.
- Provides Pay To Link option which allows you to receive payments in one click.
- Supports a recurrent billing feature that facilitates monthly and annual contributions.
- Supports 2D secured cards plus The 3D secured card and is PCI certified.
- Does not charge any transactions or monthly fees.
- Requirements: A valid Commercial Register, Tax Card copy, owner ID copy, a bank account.
PayMob Accept Egypt
PayMob is a leading professional payment gateway that provides financial solutions to empower financial service providers across the Middle East and Africa, it is easy to integrate on all online platforms and allows your customers to pay in the way that suits them with different installment programs, in addition to digital wallet payments available across the globe and direct integration with woocommerce.
PayMob is a global payment solution that goes with all you business needs for growth with various services such as:
- Easy to set up and merge into your website.
- Offers an easy-to-use control board; It allows you to monitor all financial transactions moment by moment.
- Supports a recurrent billing feature that facilitates monthly and annual contributions.
- Supports paying in installments.
- Allows you to build your own online store so easily.
- Suitable for mass payouts and unbanked employees, and for small teams with no developers.
- Provides all global and local payment methods for customers to pay with ease and from anywhere, anytime.
- All solutions are cashless, where PayMob Sync is an end-to-end solution that allows you to build a cashless culture within your organization.
- fully PCI - DSS certified
- Every Paymob solution has built-in risk mitigation and fraud management to ensure secure payments and prevent fraudulent activity, and 3D secure authentication.
- Fees: 3 EGP commission per transaction, 2.75% commission per transaction, 0 monthly fees.
- Requirements: A valid Commercial Register, Tax Card copy, owner ID copy, a bank account.
PayTabs Egypt
PayTabs is a global payment gateway that helps online businesses grow by accepting payments from across the world, and the first home grown company to provide seamless B2B ecommerce solutions to SMEs and managing online payments across multiple branches and stores as well as having direct and advanced API.
Besides being flexible, trustworthy, very secure, and responsive, PayTabs provides trusted integration partners, such as Shopify, for building online stores.
PayTabs offers multiple services to facilitate your business and keep you up to date with all your customer activity with detailed data and many other services such as:
- Supports more than 165 different international currencies.
- Can be used from Egypt to target foreign customers.
- Provides Fraud Preventions systems and 3D secure.
- Offers local payment options according to each country.
- Provides Pay To Link option which allows you to receive payments in one click.
- Supports a recurrent billing feature that facilitates monthly and annual contributions.
- Provides electronic billing services to companies.
CowPay
CowPay is a premium payment technology enabler dedicated to helping businesses transform the operation of collecting, splitting, and disbursing money digitally with an advanced API, you can also manage all financial transactions and track all your customers activity and data, as it is very easy to use and manage with the ready to use plugins and SDKs with top notch documentation.
CowPay provides simple yet essential services for your business to grow and for your customers to feel safe and secure at all times, such as:
- Supports multiple payment methods.
- Offers detailed reports for data.
- Easy to integrate and use.
- Provides multiple payment options and methods for customers.
- Fees: does not charge any transactions or monthly fees.
- Requirements: only requires merchant personal ID
Wrap up
While choosing a payment gateway you must keep in mind all your ecommerce business needs and how it will affect you and your customers regarding the cost, security and whether your business is local or global to collect customers payment smoothly and all in one place, also consider that by choosing the right one, you leave a positive impact on your customer’s experience and profitability.
