E-commerce is a process made up of a group of sub-processes that emerge from it and work in a harmonious, sequential manner, like the gears that drive a machine. For the e-commerce process to succeed comprehensively and on a broad scale, the online purchasing process itself must succeed, and this requires providing easy and diverse payment methods suited to the geographic region in order to push the purchase toward success.
It is worth noting that providing multiple, highly trusted payment methods within any online store can significantly affect the volume of sales, whether positively or negatively. Many scientific studies have confirmed that if the electronic payment company that the website or online store works with is an untrustworthy company, this contributes greatly to raising the bounce rate on the store and also drives a large number of customers and shoppers to reverse the purchasing decisions they had made.
We will list for you the best electronic payment gateways in the Middle East and the Arabian Gulf, ordered by the most important and most prominent:
1- The PayFort Electronic Payment Gateway
The PayFort electronic payment gateway sits at the top spot and is considered one of the leading companies in providing electronic payment services for purchases across the various online stores in the Middle East and the Arabian Gulf countries. It is also one of the most important and best-known electronic payment companies in Egypt, the United Arab Emirates, and the Kingdom of Saudi Arabia.
Before the e-commerce giant "Amazon" recently acquired it, PayFort had been established in the United Arab Emirates in 2014, before its ownership was eventually transferred to Amazon.
Features of the PayFort Electronic Payment Gateway
It offers its electronic payment services for low financial fees, which is a major draw for all small and medium-sized companies.
It allows startup businesses all of its services for receiving and sending payments online for a service fee as low as zero, in return for paying a fixed monthly fee of 420 Saudi riyals.
This leading electronic gateway handles more than eighteen global processes.
It offers its services to all companies except startups at very low discount rates that can reach 2.94% per transaction, plus a fixed fee of 2.10 Saudi riyals.
It also provides the feature of accepting multiple currencies to reach the global level for a monthly fee of 262.50 SAR.
2- The PayTabs Electronic Payment Gateway
The PayTabs electronic payment gateway is one of the largest providers of services for sending and receiving electronic payments across the various online stores, if not the largest of those companies in the Middle East, the Arabian Gulf countries, and the entire Arab world.
The services of the PayTabs electronic payment company cover most of the countries of the Middle East and the Arabian Gulf, which include (the Kingdom of Saudi Arabia, the United Arab Emirates, Bahrain, Egypt, Qatar, and Kuwait), which indeed makes it one of the leading companies in the field of electronic payment in this region.
Perhaps among the most important factors that placed PayTabs at the forefront of the payment gateways offering electronic payment services in the Middle East is its provision of a large set of unique services and features to all of its customers in the region. The most important of those features is its support for more than 160 international currencies through which all users can pay.
Features of the PayTabs Electronic Payment Gateway
The PayTabs electronic payment gateway supports 160 international currencies.
It provides many flexible and easy methods for electronic payment for all customers of every size.
It provides an advanced system to prevent fraud on online stores.
It provides all its customers with a customer service team and specialized technical support to resolve legal disputes.
The customer can complete all the integration procedures with the PayTabs electronic payment gateway on their own online store in less than 24 hours.
In this regard, it must be noted that one of the biggest obstacles that most customers encounter with the PayTabs electronic payment gateway is the company withholding funds for a period that may exceed eight days, before which customers are not allowed to receive their funds held by the company. This is a major hurdle for all small and medium-sized businesses that cannot wait that long because they do not have sufficient capital.
3- The Checkout.com Electronic Payment Gateway
Checkout.com was founded in 2012, when it provided a specialized merchant account to process international payments for e-commerce companies. The company offers interchange or fixed exchange-rate options to merchants. In this way, the company resembles the Stripe or 2Checkout payment gateways, combining the payment gateway feature and the merchant account as part of an all-in-one solution. Checkout.com was originally known as "Opus Payments" before changing its name to Checkout.com in April 2012. The company supports payments in 159 currencies using 32 different payment methods, including six alternative payment methods such as digital payment wallets like Apple Pay and Google Pay.
The Checkout.com electronic payment gateway provides multiple payment methods all over the world and is particularly suited to companies that aspire to go global and to provide multiple, local payment methods according to the region:
Global Payment Methods
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Digital Payment Methods
Local Payment Methods
And Stored Payment Gateways
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Features of the 2Checkout Electronic Payment Gateway
Its service network covers more than two hundred (200) countries around the world, most of them in the Middle East and the Arabian Gulf.
It offers electronic payment services through its platform at low rates reaching 0.95% + $0.20 in European countries and 2.90% + $0.20 for non-European countries.
The 2Checkout electronic payment gateway supports 159 currencies and 15 languages.
The gateway also provides many add-ons that enable the customer to easily integrate with the various web development platforms.
4- The Checkout.com Electronic Payment Gateway
The 2Checkout electronic payment gateway comes in an advanced position among the leading companies in providing electronic payment services for purchases across the various online stores in the Middle East, the Arabian Gulf countries, as well as the North African countries.
This electronic payment gateway is considered one of the best options for owners of e-commerce websites built on Joomla, as the gateway offers the "Joomla" platform an add-on that is easy to install and manage.
Features of the 2Checkout Electronic Payment Gateway
Its service network covers more than two hundred (200) countries around the world, most of them in the Middle East and the Arabian Gulf.
It offers electronic payment services through its platform at low rates reaching 3.9% per transaction, to which a fixed transaction fee of 40 US dollars is added.
The 2Checkout electronic payment gateway supports 87 currencies and 15 languages.
The gateway also provides many add-ons that enable the customer to easily integrate with the various web development platforms, foremost among them WooCommerce.
5- The HyperPay Electronic Payment Gateway
The HyperPay electronic payment company is considered one of the most important leading companies in the field of providing electronic payment services in the Middle East, the Arabian Gulf countries, as well as the North African countries; it is the fastest growing among the electronic payment companies in those regions.
The most important thing that distinguishes HyperPay and makes it one of the main, leading payment gateways across the entire Middle East is the unique services it offers in completing the sale and receiving payments in both cases, whether an internet connection is available or not. In addition, it has a huge number of partnerships with more than 100 of the most important and prominent payment providers around the world.
Features of the HyperPay Electronic Payment Gateway:
Pairing with all types of electronic devices (mobile phones, tablets, and desktop computers).
Providing seamless integration with all web development platforms.
Providing a high degree of protection for the data of customers and users.
Relying on a set of modern technologies to protect customer data, such as tokenization and 3D technology.
6- The PayPal Electronic Payment Gateway
The PayPal electronic payment company is one of the most important leading companies in the field of online payment, if not the best of them all, as the company provides all customers, whether individuals or companies, with services for sending and receiving payments securely, simply, and easily through personal accounts or websites.
The PayPal electronic payment company dominates most auction sites and e-commerce sites, as well as most of the businesses in the world that rely mainly on PayPal's electronic payment services, which is what made PayPal a leading company for all other online payment companies.
The website "thedailyrecords," in its ranking of the best 10 electronic payment gateways in 2018, confirmed that there are more than 7 million companies around the world that rely primarily on PayPal's electronic payment services and place great trust in its electronic services. Perhaps one of the most important features that sets the PayPal electronic payment company apart is that it accepts payment in more than 25 currencies around the world.
When it comes to how to subscribe to and enjoy PayPal's electronic payment services through your online store or the website for your products, all you need in order to enjoy those services is to have an email address and a credit card or a bank account. PayPal also has its own mobile app to make it easy for customers to manage their accounts via mobile phone with complete ease.
7- The Moyasar Electronic Payment Gateway
Finally, the Moyasar electronic payment gateway comes on the list of leading electronic payment companies in providing services for sending and receiving purchase payments online in the Middle East, the Arabian Gulf countries, and the Arab nations.
The Moyasar electronic payment gateway provides many advantages and services to all customers in that region, which has greatly helped many online stores in the Middle East and the Arabian Gulf countries to rely on this platform to receive payments from customers all over the world.
Features of the Moyasar Electronic Payment Gateway
The Moyasar electronic payment gateway supports multiple payment options via (credit cards, debit cards, and SADAD payment accounts).
It provides unified APIs and ready-made code libraries for each of PHP, Java, Node, and Ruby.