Top 10 Best Payment Gateways in Bangladesh

The right payment gateway can save you from a lot of trouble if you are a business owner or a freelancer.  A reliable payment gateway can simplify the payment process and improve customer experience, which can, as a result, boost sales. 

To help you choose the right gateway provider, we have made a list of the best payment gateways in Bangladesh.

Best Payment Gateways in Bangladesh: A Comparative Analysis

Now, let’s discuss more about our list of online payment gateways in Bangladesh.

1. SSLCOMMERZ

SSLCOMMERZ is the most widely used payment service provider in Bangladesh, especially among the larger businesses. SSLCOMMERZ is popular among the top brands in Bangladesh because of its easy payment process and world-class security.  

SSLCOMMERZ also supports multiple currencies and currency conversions which is beneficial for businesses that have global customers.

However, compared to other payment gateways, customers may find SSLCOMMERZ a little bit expensive. They have a custom one-time fee for setup depending on your requirement and they will take a 2.5% commission for mobile wallets and 2.5-3.5% commission for other methods per transaction. 

Key Features

• Offers a wide range of payment options, including credit cards (Visa, Mastercard, American Express), mobile financial services (bKash, Rocket, Nagad, etc.), internet banking, and over 30 other payment schemes.
• PCI-DSS Level 1 certified, uses 256-bit SSL encryption technology and fully complies with the PCI-DSS.
• Uses advanced fraud detection and protection features, including 3D Secure technology.
• Offers simple integration with popular e-commerce platforms like Shopify, WooCommerce, and Magento.
• Provides well-documented SDKs, APIs, plugins, and video tutorials.
• Offers an intuitive dashboard for merchants to monitor and manage transactions with real-time reporting and analytics.
• Supports EMI payments, provides payment links and QR code options, and offers a mobile app for convenient transaction management.
• Licensed as a Payment System Operator (PSO) by the Central Bank of Bangladesh.

2. aamarPay

Although not as popular as SSLCOMMERZ, aamarPay is considered the fastest-growing payment gateway company in Bangladesh. They offer three different pricing plans: aamarEducation (for educational institutes that offer the cheapest options), aamarSME, and aamarGrowth.

aamarPay is also one of the cheapest payment gateway companies in Bangladesh because it only takes a 1.5%-2% transaction fee from MFS wallets and 2%-2.5% for cards.

However, the problem with aamarPay is it doesn’t support multi-currency. So, if you have dollars or other currencies incoming, aamarPay may not be the best option.

Key Features

• Supports most of the payment methods in Bangladesh, including credit/debit cards, mobile wallets, net banking, and EMI options.
• Prioritizes security with PCI DSS compliance, 3D Secure authentication, and advanced fraud prevention measures to safeguard transactions.
• Provides a user-friendly dashboard for detailed payment analytics, management of refunds, transfers, and invoices, and API key management.
• Offers developer-friendly APIs and plugins, libraries for major programming languages, and a quick onboarding process.
• You will receive instant notifications via email and SMS for timely updates on transactions.
• Offers valuable features like an invoice generator, QR code payments, EMI and discount options, payment links, a merchant mobile app, and eStatement generation.

3. shurjoPay

Like aamarPay, shurjoPay is another great payment gateway option for educational businesses as they have special packages. As an educational business owner, you can get the service of shujoPay at a much cheaper rate.

For starters, shurjoPay offers a flat 1.5% commission per transaction for those who use the education package, except for those who use DBBL Nexus as the payment method.

However, the corporate pack is not that expensive compared to other payment gateways. shurjoPay only charges 2% for mobile wallets and 2.5% for credit or debit cards (3.5% for AMEX).

shurjoPay could be an ideal option for businesses that cater to a global audience because they accept most of the currencies around the world. 

Key Features

• Offers a variety of payment options, including major credit cards, mobile financial services, and internet banking.
• Ensures secure payment processing through PCI-DSS Level 1 certification, SSL encryption, and advanced fraud detection tools.
• Offers easy transaction management, including refund processing, chargebacks, and detailed reports.
• Offers free payment gateway services to educational institutions in Bangladesh.
• Provides EMI options for large purchases, timely merchant payouts, automated invoicing, and a robust CRM system.

4. PortPos

Formerly known as PortWallet, PortPos has revolutionized the payment gateway industry of Bangladesh by becoming the first payment gateway to introduce API integration. You can use different PortPos plugins for different e-commerce platforms such as WooCommerce, Magento, etc. with your PortPos account.

Because of this integration, PortPos is popular as the e-commerce payment gateway in Bangladesh.  

PortPos is also known for its simple payment process, your users won’t have any trouble completing their purchase. They will also be able to make payments from abroad as PortPos supports multiple currencies around the world. 

However, what we didn’t like about PortPos was their transaction commission. While the percentage they take per transaction is fine, they will also take 1 BDT per successful transaction. On top of that, they will take another 1% as cross-border fees for international transactions.

Key Features

• Supports local and international cards, mobile wallets, and net banking for flexible payment options. 
• Secures transactions with high encryption, compliance certification, and 99.9%+ uptime for secure and reliable payment processing.
• The first payment gateway in Bangladesh to introduce an API integration feature.
• Uses machine learning models to increase revenue across conversion, fraud prevention, and revenue recovery.
• Offers a built-in invoice generator called SendBill.
• Provides tools for applying flat or percentage discounts, or specific bank card discounts directly from PortPos.

5. Easy Pay Way

In our opinion, Easy Pay Way is one of the underrated payment gateways, a lot of businesses do not really know about it. However, Easy Pay Way does have a loyal customer base.

Many business owners in Bangladesh choose EasyPayWay because it’s the safest way to accept payments online. It’s better than other payment options at keeping customer information private and stopping fraud.

However, this safety comes at a premium rate; Easy Pay way has one of the highest transaction fee rates. Depending on the pricing plan, they will charge you 3.9% to 6.5% per transaction, which is a lot. 

So, unless you have a humongous business, Easy Pay Way may not be the best option for you. 

Key Features

• Supports a wide range of payment methods, including credit and debit cards, mobile wallets, and internet banking.
• Prioritizes transaction security through SSL encryption, PCI-DSS compliance, and advanced fraud detection and prevention tools.
• Enables real-time transaction monitoring, easy management of refunds and chargebacks, and generation of detailed reports for analysis.
• Subscription management for recurring payments.

6. Paddle

Even though not based in Bangladesh, Paddle is a great payment platform for Bangladeshi businesses. It’s one of the few international payment gateways that can be used from Bangladesh. 

The main focus of Paddle is security, you get tons of advanced security features including PCI DSS Level 1 certification, compliance with SOC 2 and GDPR standards, and more. Paddle also implements tools for advanced fraud detection, multi-layered prevention strategies, identity verification, chargeback protection, and behavioral monitoring.

So, with Paddle you have no worries about securing your payments. 

When it comes to fees, Paddle takes a flat 5% fee plus $0.50 per transaction which is reasonable considering the features you get from them.

However, as a Bangladeshi business owner, Paddle is not for you if your users are mostly Bangladeshi, because it doesn’t support local payment methods like bKash or Nagad. 

Key Features 

• Handles sales tax obligations worldwide, including VAT, GST, and sales tax.
• Offers various pricing models like subscriptions, one-time purchases, metered billing, and trials.
• Takes on legal and financial responsibilities for transactions.
• Supports 200+ currencies, local payment methods, and optimized payment acceptance.
• Provides tools for flexible pricing, churn reduction, upgrades, downgrades, and cancellations.
• Uses cutting-edge technology and multi-layered strategies to identify and prevent fraud in real-time
• Offers detailed insights into revenue and customer behavior.
• Prioritizes security with PCI DSS Level 1 compliance, SOC 2 & GDPR adherence, and secure cloud hosting with advanced access controls.

7. Payoneer

Like Paddle, Payoneer is also an international payment gateway system that is one of the most popular gateways in the whole world. Payoneer is available in over 190 countries of the world, which is why it’s the best freelancer payment gateway in Bangladesh. 

Even after being an international payment gateway, Payoneer is in partnership with several banks in Bangladesh. Because of this, it allows for simple fund transfers to local bank accounts. Also, the recent integration with bKash has further simplified the process of bringing foreign earnings into the country.

However, there are some potential downsides to consider related to Payoneer’s transaction fees. We felt like Payoneer’s fee structure is quite complicated to understand for a new user. Still, the transaction fees are quite low compared to other international payment gateway providers.

Key Features

• Supports payments in over 190 countries and offers local receiving accounts in multiple currencies.
• Provides local receiving accounts in all the major currencies in the world.
• Offers multiple ways to request and receive payments from clients and marketplaces
• Provides a “Payoneer Card” linked to your account which can be used for purchases online, in-store, or ATM withdrawals.
• Uses advanced security measures like two-factor authentication and data encryption.
• Complies with anti-money laundering regulations and provides fraud detection.
• Integrates with popular e-commerce platforms (Amazon, Shopify, etc.) and accounting software (Xero, QuickBooks).
• Offers expense tracking and management features, as well as the ability to order multiple virtual cards.

8. Verifone

Verifone, formerly 2Checkout, is a great online payment gateway for Bangladeshi businesses that are looking to expand their e-commerce capabilities. It offers support for over 45 payment methods and operates in more than 180 countries. 

Verifone has everything a payment gateway needs to be world-class with features like recurring billing, multi-currency support, and customizable subscription plans. 

However, the platform’s transaction fees can be relatively high, especially for small businesses. Verifone can cost you up to 6% + $0.60 per transaction. On top of that, a 2% fee may be applied to cross-border purchases. 

While there are more affordable plans with limited features for physical goods, digital product sellers are required to opt for the pricier plan.

Key Features

• Supports payments in over 180 countries and territories, accepts over 45 payment methods, and 100+ display and billing currencies.
• Offers an advanced recurring billing solution, subscription lifecycle management, tools for recovering failed transactions, and options for pausing subscriptions. 
• PCI DSS Level 1 certified and offers advanced fraud detection and prevention measures, real-time transaction monitoring, and customizable risk filters.
• The Commerce dashboard offers customizable reports, providing insights into finances, marketing, customer behavior, and other key metrics.
• Provides assistance with global tax compliance, including VAT/GST handling and invoicing support.
• Supports Built-in affiliate network and tools.

9. FastSpring

While payment gateways like Paddle and Payoneer are solidifying place as the most secure platforms, FastSpring is doing it through customization. The standout feature of FastSpring is that it lets you customize your user’s journey by integrating your brand values into the payment process.

But that doesn’t mean it cuts back on security. Like the other prominent payment gateways, FastSpring offers built-in fraud protection and is PCI DSS compliant. Also, FastSpring will automate the VAT and sales tax calculation and the billing process, which saves you time and effort.

However, when it comes to the commission fee, you will be shocked to know that FastSpring is one of the most expensive payment gateways, charging a whopping 8.9% of the transaction value.

If you believe that’s too much, FastSpring offers you another option which is a 5.9% fee plus $0.95 per transaction. You can choose the deal which suits you the best but in our opinion both of them are pricey.

Key Features

• Allows businesses to customize their customer journey, including order pages, shopping carts, and branding integration into the payment process.
• PCI DSS certified and offers secure payment options including credit/debit cards, checks, and money orders with advanced built-in fraud prevention measures.
• Provides subscription management features, such as setting up paid trials, specific subscription amounts, subscription lengths, and payment frequencies.
• Supports 23+ currencies and is available in more than 200 regions.
• Handles VAT and sales tax calculations, collection, and remittance globally.
• Automates billing processes, including recurring billing for subscriptions.

10. Authorize.net

Authorize.net is another international payment gateway that has taken security and compliance to another level. Apart from basic security measures, Authorize.net offers an Advanced Fraud Detection Suite that consists of 13 tools for fraud protection.

Also, Authorize.net undergoes regular security audits to ensure it complies with industry-standard regulations for handling credit card data. So, you get the best possible security with Authorize.net, no doubt.

However, when it comes to transaction fees, Authorize.net has a different approach than most other prominent payment gateways. They charge a flat monthly fee of $25 plus 2.9% + $0.30. Authorize.net offers two more plans but all of them have this fixed monthly fee with a lower commission rate per transaction.

Even though the commission per transaction is fairly low, this fixed monthly charge can be troublesome for a lot of businesses.

Key Features

• Offers a variety of payment processing solutions, including major credit and debit cards, digital wallets like Apple Pay and PayPal, and ACH payments and eChecks.
• Offers “Advanced Fraud Detection Suite” which has 13 unique transaction filters and tools to identify and manage suspicious activities.
• Tokenization of sensitive customer payment information stored on Visa’s secure servers.
• Takes part in annual compliance examination to align with card data security standards.
• Customer Information Manager (CIM) for secure storage of customer data.
• Account Updater to keep card information up-to-date and avoid payment interruptions.
• Automated Recurring Billing (ARB) for subscription-based businesses.

Factors to Consider While Choosing a Payment Gateway in Bangladesh

While choosing a payment gateway for Bangladesh, consider the following factors-

Security and Compliance

The most important factors in choosing an online payment gateway in Bangladesh are security and compliance. The payment gateway you choose must be secure and it must also be compliant with certain laws and regulations.

For instance, a secure payment gateway will have data encryption, two-factor authentication, and other similar security protocols for securing your information and money.

Also, the payment service provider must be compliant with the Payment Card Industry Data Security Standard (PCI DSS). 

PCI DSS is a set of security requirements designed to protect cardholder data. Compliance with PCI DSS is a crucial requirement for any payment service provider handling card transactions.

Transaction Fees and Costs

When choosing a payment gateway, it’s important to consider the fees involved. 

Different methods have different costs. Some might charge a flat fee per transaction, while others might have monthly fees or percentage-based fees. 

Be sure to compare the fees of different methods to find the most affordable one for your needs. Also, check if there are any hidden fees or extra charges that might apply.

Integration and Technical Support

A payment gateway should be easy to integrate with your existing systems, such as your website or accounting software. This can save you time and effort. 

It’s also important to choose a provider that offers good technical support. If you have any problems or questions, you should be able to get help quickly and easily. Look for a provider with a reputation for excellent customer service.

Settlement Time

Settlement time is the amount of time it takes for funds to be transferred from the buyer’s account to the seller’s account after a transaction is completed. This can vary depending on the payment method. 

Some methods may have a settlement time of several days, while others, like real-time bank transfers, may settle instantly.

When choosing an online payment system in Bangladesh, it’s important to consider your specific needs and how quickly you need the funds to be available. If you need immediate access to funds, a payment gateway with a short settlement time is essential. 

However, if you can wait a few days, you may be able to find more affordable options.

Multi-Currency Support

If you do business with customers from different countries, it’s important to choose a payment gateway that supports multiple currencies. This allows you to accept payments in the customer’s local currency, which can be more convenient and attractive to them. 

Additionally, it can help you avoid currency conversion fees.

User Experience

To make the payment process easier, the payment gateway app must be user-friendly. That’s why you should look for a payment gateway with a user-friendly interface that is easy to navigate. 

Consider the overall experience from the customer’s perspective, including factors like clear instructions, helpful error messages, and a smooth checkout process. A positive user experience can lead to increased customer satisfaction and loyalty.

FAQs about Payment Gateways in Bangladesh

Which international payment gateways are available in Bangladesh?

2Checkout, Authorize.net, PayCEC, etc. are some of the international payment gateways available in Bangladesh. These gateways support cross-border transactions and integration with major credit/debit cards and digital wallets.

Is PayPal available in Bangladesh?

No, PayPal is not available in Bangladesh. Bangladeshi users cannot open or use a PayPal account. However, PayPal’s Xoom service is available in Bangladesh for sending and receiving remittances.

Is Google Pay available in Bangladesh?

No, Google Pay is not officially available in Bangladesh. Users in Bangladesh cannot use Google Pay for transactions, as the service has not been launched or is not supported in the country.

The Future of Payment Gateways in Bangladesh

The future of payment gateways in Bangladesh is bright as more businesses move to online payments. Online businesses spanning over the globe are increasing day by day from Bangladesh which has created a rising need for an international payment gateway for Bangladesh. 

Because of this, the payment gateway providers in Bangladesh have been stepping up their game. Also, we can hope that prominent payment gateways such as PayPal will soon be available in Bangladesh.