5 of best online payment methods in Saudi Arabia, There are many different payment gateways in Saudi Arabia, This greatly simplifies the purchase order. And the percentage of people coming to online shopping in Saudi Arabia has increased, and through this article, we will learn about the online payment methods available in Saudi Arabia in detail.
What are electronic payment gateways? – online payment methods
The electronic payment gateway is an intermediary between two parties, The two parties are the sender and the receiver. guarantee that you will get the product for what you paid for it, It also guarantees you the following:
- The electronic payment gateway guarantees you an easy and simple flow of funds, Without either party being subjected to any fraud or fraud attempt of any kind whatsoever.
- This portal helps you to receive money from consumers if you are a store owner, It also helps the consumer to use a safe and quality payment method.
- The electronic payment gateway is the backbone of online e-commerce, That is, without it, the process of online commerce cannot continue.
How does an electronic payment gateway work?
One of the most frequently asked questions is how the electronic payment gateway works. You can get a sense of how payment gates work through several different stages, including:
- The electronic payment gateway registers the consumer’s payment card, This is in the case of electronic purchase.
- And then you send the data to the consumer’s bank or bank, This is in order to treat it and ensure its complete health.
- Once the credit card is approved by the bank, The gate returns back to the store owner or merchant until you inform him of the validity of this transaction.
- After the amount is transferred to the merchant immediately, Here the customer can buy the product he wants with ease and ease. With this simple form, the payment gateway works smoothly and easily.
Online payment methods in Saudi Arabia
best online payment methods, We now discuss the different payment methods that can be adopted to pay from Saudi Arabia online smoothly.
PayFort Payment Method
- It is one of the most used payment gateways in Saudi Arabia.
- It has very low fees. It also offers more other services, Such as: Fraud protection for a small cost.
- There is also a cash on delivery service through this portal. ie you can pay when you get your product, This is through Visa Card.
- This portal was launched in 2004, And she was able to make consecutive deals that amounted to $817 million in her first year.
PayTab payment method – best online payment methods
- An ideal payment method used by many citizens and residents of Saudi Arabia.
- It offers multiple services with more than 160 different operations, Also, the setup cost does not exceed $400.
- You can initiate the setup of this service in less than 24 hours, Then you can get the service provider which is up to 2.85% + 1 per transaction.
There are also other electronic payment methods in Saudi Arabia. Such as:
Payment method CashU
- This service was established in 2002 in the United Arab Emirates. But it was able to be one of the most important payment methods today in the Kingdom of Saudi Arabia.
- The service provides you with free account setup, Also, the fee is only 7% of the transactions that take place, And the maintenance fee is not more than one dollar only.
- The transaction fee is based on the number of transactions conducted during the day. It may range between $1,000-3,000, depending on the products sold.
- The main objective behind the establishment of this service is the ability to serve the state, It provides a powerful, massive and reliable payment gateway as well.
- Ucash is one of the most preferred portals in the Kingdom of Saudi Arabia.
Hyperpay Payment Method
- One of the fastest and most important payment gateways in the Kingdom of Saudi Arabia, The service provider cooperates with more than 100 providers worldwide.
- This portal is characterized as anti-fraud of all kinds, It has great experience in protecting users’ data.
- This service was established in 2010. It was formerly known as “Gate2play”, It provides a simple and secure system.
- more general to attract in this service, It is shared with a large number of other banks and thus facilitates your financial transactions.
2checkout payment method
- It is considered one of the gates that were established in the United States of America, But it has now become the most popular payment gateway in Saudi Arabia.
- The service provider may operate in 87 currencies and 15 different languages, Thus, it is the best and most extensive payment gateway in the world.
- This company charges 3.9% with an additional fee of up to $0.45 per in-store transaction.
- The service also charges customers at 1.5%, If the customer is outside the UAE.
- The cost may seem a little high, But there are no monthly setup or maintenance fees so the cost is very reasonable.
- It is the most secure and reliable payment gateway in Saudi Arabia and the world.
These were the best and most common fast online payment methods and methods in the Kingdom of Saudi Arabia. Which has increased its options and the extent of its diversity in line with the increase in the demand of shoppers to adopt online shopping sites more than the local markets in Saudi Arabia.
