Best 5 Payment Gateways for Sri Lanka.

Many individuals are engaged in a wide range of local and international businesses, including myself. All the other activities seem fine until the time for transactions arises. I have also gone through the same situation which is literally tough when it comes to which payment gateway we should choose for our business. That is why I started learning about payment gateways and experienced transactions through many of those. I wanted to share with you guys about the best 5 payment gateways I tried along with their advantages and disadvantages.

The payment gateway is the only platform that acts as the bridge in between the customer’s bank and the seller’s or the merchant’s account. This is the vital point where the customer trusts the merchant and deposits the cash. Therefore, this is an important point to ensure the payments are processed securely with no other issues.

E-commerce is a fast-growing platform in Sri Lanka, which requires high standards of security and comfort for both the customer and the merchant. After years of research and evaluating the advantages and disadvantages of various payment gateways, I have identified the top 5 payment gateways for Sri Lanka. Let me share with you the best 5 payment gateways that I would recommend for you after My long research and experience.

1. PayHere
2. WebXPay
3. HNB (Hatton National Bank)
4. PayPal
5. Stripe

01. PayHere

.PayHere is one of the top payment gateways in Sri Lanka, many people love using PayHere as the transactions through it are easy to access even for a beginner. I personally find PayHere super convenient and easy to access, and it works great for most people. You can use all major credit cards like Visa, Mastercard, and American Express with PayHere, and it also works great with popular mobile wallets such as eZcash and mCash along with Internet banking services. You also can try PayHere if you are a beginner using the payment gateways.

One of the best advantages that PayHere highlights is that it accepts multiple currencies which pave the way to attract international customers. And, what we all expect is high security as we all deal with unknown customers from different regions across the world and in the locals. This is where PayHere stands great, let me tell you why, it’s because PayHere is a central bank-approved system with high standards that go parallel with bank-level high-security standards protecting sensitive transaction data.

PayHere analyses well on reporting tools and allows merchants to track their sales level and customer behavior effectively which most of the merchants love. Let me introduce to the other payment gateways which you would find way more different and interesting.

02. WebXPay

WebXPay is also one of the popular payment gateways accessible for Sri Lankans which is comfier for merchants to deal with as it has special accessibilities which most of you would love as a merchant or a customer. This has a great user-friendly interface which also accepts payments from credit cards, debit card access which is great, and mobile payments.

WebXPay’s security is impressive and has advanced safety features which include two-factor authentication and fraud detection which both the trustful merchants and customers would love. Now, I’ll introduce to you the special accessibility WebXPay has. It is that, it provides the ability to customize the payment pages which is a better experience for customers.

Don’t conclude, it isn’t the end! There are 3 more payment gateways to be explained read and then finalize. It isn’t the end once again!

03. HNB (Hatton National Bank)

I hope you all know HNB, as it’s one of the largest banks present all over Sri Lanka. We all know large customer base banks don’t have any single chance of scams or no security issues. It is well known that HNB has easily accessible processes and high security. This also offers unlimited payment-related solutions for small size businesses to large corporations.

Similar to other payments gateways, HNB possesses payment methods such as credit cards and other comprehensive payment methods. But, the highlighted part here is, that they accept credit cards including local and international credit cards which is excellent for people dealing with international businesses and stuff. Their physical presence ensures much more support and trust which we don’t get from all other payment gateways.

Way more to explore 2 other payment gateways. Keep going!

04.PayPal

We would have heard about other payment gateways or not, but for sure, we would have known PayPal through various other sites or platforms and yes it is a globally well-recognized and trusted payment gateway. However, it is not specifically designed for Sri Lankan merchants or customers it is specially designed for international customers. Most of the Sri Lankan merchants use PayPal to reach international customers.

But yes, it is a secure and trustworthy payment gateway designed to ensure that financial information is highly secured which makes the customer as well as the merchant comfortable. You also can try using it but you should be very careful when it comes to the fees associated with PayPal as it might be higher at times when it comes to currency conversions.

Let’s look into the final payment gateway now!

05. Stripe

Stripe is also a renowned payment gateway that particularly focuses on e-commerce and has gained great recognition among Sri Lankans. It also possesses a very friendly interface which most of us are attracted to. Stripe also supports payment methods such as credit cards and digital wallets similar to others. however, you will have to deal with currency conversions when dealing with Sri Lankan rupees.

I have pointed out the pros as well as the cons of the payment gateways along with its important features. And it is in your hands right now to choose the right payment gateway for your business which plays a great role in improving the quality of your business.

Choose wisely the best payment gateway that will smoothly align with your business type as it strictly plays a major role in improving international as well as local businesses from a mini range to a broader range. Choosing the right payment gateway will definitely ensure customer satisfaction greatly which will improve your business whether it is a local business or an international business. Therefore the first and foremost important step to be maintained well in your business or transaction activity is payement gateway.