Evaluating Online Payment Gateway Options for Singapore in 2025
Stripe, PayPal, Eway, HitPay, Adyen, Airwallex, Shopify Payments, and 2C2P stand out as the leading online payment gateway options for businesses in Singapore in 2025. Merchants who integrate trusted local methods such as NETS see higher sales conversions and offer customers a familiar and reliable online payment experience. Businesses that provide flexible choices like Buy Now, Pay Later report significant growth in conversion rates and average order value. Selecting the right payment gateway in Singapore helps companies expand payment options and meet customer preferences.
Key Takeaways
- Choose a payment gateway that supports local methods like PayNow and GrabPay to boost customer trust and increase sales.
- Evaluate transaction fees and integration capabilities to find a payment gateway that fits your business needs and budget.
- Consider security features such as encryption and fraud detection to protect your transactions and build customer confidence.
- Select a gateway that offers flexibility in payment options, including Buy Now, Pay Later, to enhance customer experience and drive conversions.
- Stay informed about payment technology trends to adapt to consumer preferences and maintain a competitive edge in the market.
Top Online Payment Gateways in Singapore
Leading Providers for 2025
Singapore businesses have many choices when selecting an online payment gateway. The most widely used providers in 2025 include:
- Stripe – Best for Flexibility and Global Reach
- PayPal – Trusted Worldwide
- HitPay – Made in Singapore for Singapore
- Shopify Payments – Best for Shopify Stores
- Worldpay – Strong for Large Businesses
- 2C2P – Strong in Southeast Asia
- Adyen – Enterprise-Grade Power
- GrabPay – For Mobile-First Customers
- eNETS – Long-Time Local Player
- Atome – Buy Now, Pay Later Option
These gateways support a wide range of payment options and offer solutions for both small and large ecommerce businesses. Many of them provide features that help companies manage transactions securely and efficiently.
Why These Gateways Are Popular
Payment gateways in Singapore stand out because of their strong features, security, and support for local payment methods. Stripe offers flexibility and global reach, supporting over 135 currencies and integrating with many ecommerce platforms. PayPal is trusted worldwide and provides quick setup and strong buyer protection. HitPay focuses on local businesses, offering affordable online payment solutions and supporting QR payments.
Note: Choosing a payment gateway in Singapore that supports local payment methods like GrabPay and eNETS can help businesses reach more customers and increase sales.
The table below highlights some advantages and disadvantages of popular gateways:
| Payment Gateway | Advantages | Disadvantages |
|---|---|---|
| Stripe | User-friendly interface, wide range of features | High transaction fees, needs coding for customizations |
| PayPal | Trusted worldwide, quick setup | Higher transaction fees, slower payouts |
| HitPay | Affordable for SMEs, supports local payment options | Limited international reach |
E-commerce payment gateway providers continue to improve their features and security to meet the needs of ecommerce businesses in Singapore. Companies that choose the right payment gateway in Singapore can offer customers more payment options and process payments smoothly.
Understanding Online Payment Gateways
What Is an Online Payment Gateway?
An online payment gateway acts as a digital bridge between a merchant and a customer during an online transaction. This service allows merchants to accept payments through e-commerce applications. The gateway connects to the merchant’s account and processes charging information electronically. In many ways, it works like a credit card machine in a physical store, but it operates in the digital world.
In Singapore, the Monetary Authority of Singapore (MAS) sets the regulatory framework for payment gateways. MAS outlines licensing requirements for payment service providers. This ensures that every payment gateway in Singapore operates within a structured legal environment. Merchants can trust that their transactions meet strict standards for security and compliance.
Tip: A reliable e-commerce payment gateway offers features such as fraud detection, encryption, and support for multiple payment methods. These features help protect both merchants and customers.
Importance for Singapore Businesses
Online payment solutions play a vital role in Singapore’s digital economy. Businesses that use a modern payment gateway gain access to a wide range of payment options. This flexibility helps them reach more customers and increase sales. In fact, 87% of small businesses in Singapore have reported benefits from adopting new payment methods in the past year.
Some key advantages include:
- 43% of businesses experienced reduced time to receive payments.
- 42% retained more business.
- 41% saw increased sales.
Understanding consumer payment preferences allows businesses to get paid faster and boost revenue. E-commerce in Singapore continues to grow, and companies that offer local payment methods stand out in a crowded market. Secure payment processing and advanced features help businesses build trust and handle transactions efficiently. As ecommerce expands, choosing the right online payment gateway with strong solutions and security becomes essential for success.
Comparing Payment Gateway Options
Key Features and Benefits
Singapore merchants have access to a wide range of online payment gateway solutions. Each provider offers unique features that help businesses manage payments and transactions efficiently. Stripe stands out for its global reach and flexible integration options. PayPal provides a trusted platform with strong buyer protection and quick setup. HitPay focuses on local businesses, supporting payment methods like PayNow and GrabPay. Shopify Payments integrates seamlessly with Shopify stores, making payment processing simple for e-commerce merchants.
Adyen delivers enterprise-grade features, including support for over 250 payment methods and advanced security features. Airwallex offers multi-currency solutions and robust security features for cross-border payments. Eway provides extensive integrations and merchant tools, supporting both small and large businesses. 2C2P specializes in Southeast Asia, offering payment options tailored to regional needs.
The table below summarizes the best use cases, payment options, and fees for each gateway:
| Payment Gateway | Best For | Local/Global | Popular Payment Methods | Fees (SGD) |
|---|---|---|---|---|
| Stripe | Global sales | Both | Cards, Apple Pay, Google Pay | 3.4% + 0.50 |
| PayPal | International buyers | Global | PayPal, cards | 3.9% + fixed |
| HitPay | Local SMEs | Local | PayNow, cards, GrabPay | 0.8%–2.9% |
| Shopify Payments | Shopify stores | Both | Cards, Shop Pay | From 3.2% |
| 2C2P | Regional SEA sales | Both | Cards, e-wallets, bank | Custom |
| Adyen | Enterprise brands | Global | 250+ methods | Custom |
| Airwallex | Cross-border payments | Global | Cards, bank transfers | Custom |
| Eway | All business sizes | Both | Cards, e-wallets | Custom |
Tip: Merchants who choose a payment gateway in Singapore that supports local payment methods like PayNow, GrabPay, and DBS PayLah! can reach more customers and improve conversion rates.
Pros and Cons
Each e-commerce payment gateway has strengths and weaknesses. Stripe offers advanced features and global support, but its fees may be higher for small transactions. PayPal is easy to use and trusted worldwide, but payout times can be slower. HitPay provides affordable solutions for local businesses and supports popular local payment methods, but it has limited international reach.
Shopify Payments works best for merchants using Shopify, offering seamless integration and strong security features. Adyen excels in enterprise environments, supporting many payment methods and offering robust security features, but setup can be complex. Airwallex helps businesses manage cross-border payments with multi-currency support and strong security features, but it may not support all local payment methods. Eway delivers flexible integrations and merchant tools, but some advanced features require technical expertise. 2C2P specializes in Southeast Asia, supporting local payment options and e-wallets, but custom pricing may not suit every business.
Note: Security features such as encryption, fraud detection, and PCI DSS compliance protect merchants and customers during online transactions.
Best for Different Business Types
Selecting the right e-commerce payment gateway depends on the business model and target audience. Small businesses in Singapore often choose HitPay or Stripe for their affordable pricing and support for local payment methods. PayPal remains popular among e-commerce merchants who sell internationally. Eway provides scalable solutions for businesses of all sizes, offering extensive integrations and merchant tools.
Large enterprises prefer Adyen for its advanced risk management tools and support for subscriptions and retail payments. Airwallex suits companies that need multi-currency solutions and cross-border payment processing. Shopify Payments is ideal for merchants who operate Shopify stores and want seamless payment integration. 2C2P serves businesses focused on Southeast Asia, supporting regional payment options and e-wallets.
Local payment methods play a key role in Singapore. PayNow enables quick fund transfers without needing bank details. GrabPay offers a mobile wallet with rewards and easy integration for merchants. DBS PayLah! connects with DBS banking services, allowing users to manage payments and finances easily. Merchants who support these payment options provide a better user experience and increase customer satisfaction.
Merchants should evaluate security features, payment options, and integration capabilities before choosing an online payment gateway. The right solution helps businesses process payments securely and efficiently, supporting growth in Singapore’s competitive e-commerce market.
Payment Gateway Comparison Table
Feature Breakdown
A clear comparison helps businesses in Singapore choose the right e-commerce payment gateway. Each provider offers unique features, security features, and payment options. The table below shows how leading gateways compare in costs, payment methods, security features, and support for local payment methods.
| Payment Gateway | Key Features | Transaction Fees (SG) | Security Features | Local Payment Methods Supported |
|---|---|---|---|---|
| Stripe | PayNow, cards, digital wallets, API | 3.4% + S$0.50 | PCI DSS compliant, encryption protocols, fraud detection | Yes (PayNow, GrabPay) |
| PayPal | Global payments, QR codes, invoicing | 3.9% + S$0.50 | Buyer/seller protection, fraud detection | Yes (GrabPay, PayNow) |
| HitPay | PayNow, FPX, POS integration | 0.9% | Fraud detection, no hidden costs | Yes (PayNow, GrabPay) |
| Eway | Multi-channel authentication, merchant tools | Custom | PCI DSS Level 1, fraud protection | Yes |
| Adyen | 250+ payment methods, enterprise solutions | Custom | PCI DSS compliant, encryption, strong authentication, fraud detection | Yes |
| Airwallex | Multi-currency, cross-border payments | Custom | Data encryption, fraud detection | Yes |
| Shopify Payments | Shopify integration, cards, Shop Pay | From 3.2% | PCI DSS compliant, encryption, fraud detection | Yes |
| 2C2P | Regional SEA payments, e-wallets, bank | Custom | Fraud detection | Yes |
Merchants in Singapore should review security features and payment options before making a decision. Strong security features protect transactions and build trust with customers.
Quick Reference
Businesses can use the following points to compare payment gateways quickly:
- Stripe and PayPal offer global reach and advanced security features.
- HitPay provides affordable solutions and supports local payment methods.
- Eway and Adyen deliver enterprise-grade features and strong security features.
- Shopify Payments integrates easily with Shopify stores and supports secure payment processing.
- 2C2P and Airwallex focus on regional and cross-border payments, offering flexible solutions.
Local payment methods like PayNow and GrabPay make payments easier for customers in Singapore. Merchants who support these options improve customer satisfaction and increase sales.
A reliable e-commerce payment gateway supports secure online payments, offers multiple payment options, and provides strong security features. Businesses in Singapore benefit from solutions that process payments efficiently and protect transactions.
Choosing a Payment Gateway in Singapore
Essential Criteria
Selecting the right payment gateway in Singapore requires careful evaluation of several factors. Businesses should focus on transaction fees, site integration, accepted card types, and on-page payments. They need to check if the gateway supports both one-time and recurring payments. A simplified transaction process helps improve conversion rates. Payment method compatibility is important, especially for e-commerce platforms that want to offer credit cards, PayPal, and mobile payment options like Apple Pay and Google Pay. Embedded features such as invoicing and inventory management can streamline operations. Security features like encryption, fraud detection, and PCI DSS compliance protect online payment transactions and build customer trust. Local payment options, including PayNow and GrabPay, increase convenience for customers in Singapore.
Step-by-Step Guide
A clear process helps businesses choose the best payment gateway for e-commerce in Singapore:
- Evaluate business needs and decide which payments to accept.
- Research gateways that support local payment options relevant to the target market.
- Assess integration capabilities with existing e-commerce systems.
- Consider all costs, including transaction fees and setup charges.
- Test the user experience to ensure smooth online payments and secure transactions.
This approach ensures that businesses select a gateway with strong security features and flexible payment options.
Common Mistakes
Many businesses make errors when choosing a payment gateway in Singapore. Some select providers without complete or accurate information. Others overlook the importance of a responsive support team, especially during international transactions. Setting up a company in Singapore can help businesses receive better support from payment gateways. Local providers understand the rules and regulations of online payment processing and help businesses comply without extra charges. Providers like PAYCLY study the Singaporean payment landscape and identify obstacles, offering seamless payment processing services. Ignoring security features or failing to support local payment options can lead to lost sales and reduced customer trust. Businesses should always prioritize flexibility, security features, and support for local payment options when choosing an e-commerce payment gateway.
Singapore businesses benefit most from payment gateways like SmoovPay and PayPal. SmoovPay offers competitive rates and strong security, while PayPal supports international payments and provides seller protection. Companies should compare payment platforms, review fees, and check integration with their online systems. Next steps include testing payment solutions, customizing features, and partnering with global providers for technical support. Staying updated with payment technology trends, such as real-time platforms and AI-driven personalization, helps businesses meet consumer preferences and maintain security. Regulatory changes in Singapore encourage responsible innovation and protect payments.
| Reason to Stay Updated | Description |
|---|---|
| Consumer Preferences | Modern payments offer speed and convenience. |
| Enhanced Security | Digital payment platforms improve fraud protection. |
| Rewards Integration | Many payment systems include loyalty programs. |
FAQ
What is the main benefit of using a local payment gateway?
Local payment gateways offer faster settlement times and support popular payment methods. Merchants can provide customers with familiar options, which increases trust and improves conversion rates.
How do payment gateways ensure transaction security?
Payment gateways use encryption, fraud detection, and PCI DSS compliance. These features protect sensitive data and help prevent unauthorized access during online transactions.
Which payment methods do most gateways support in singapore?
Most gateways support credit cards, PayNow, GrabPay, and e-wallets. Merchants can also accept payments from mobile wallets and bank transfers, depending on the provider.
Can small businesses integrate payment gateways easily?
Many payment gateways offer plug-and-play solutions. Small businesses can use plugins or APIs to connect their online stores without advanced technical skills.
What should merchants check before choosing a payment gateway?
Merchants should review transaction fees, supported payment methods, integration options, and customer support. They need to ensure the gateway meets their business needs and complies with local regulations.
