Monday, October 2, 2023

Top International Payment Gateways in Singapore Tailored for Small- to Medium-Size Enterprises

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In today’s globalized marketplace, the ultimate goal of every business is to be a global venture, be it a large business company or a small- to medium-sized enterprise (SME). Singapore is a global city, and because of this, business enterprises in the country, especially small- to medium-sized ones, are keen to expand their reach beyond domestic borders and reach international audiences. But cross-border transactions are subject to many risks, such as online fraud. This is why businesses require a reliable International Payment gateway to enable seamless and secure international transactions. Because such gateways facilitate secure and efficient international payment processing by accommodating various currencies and payment methods. In this post, we will highlight the top cross-border payment gateways in Singapore, which are specifically tailored to meet the needs of SMEs. These gateways offer a range of features that empower businesses to tap into international markets, enhance customer experiences, and drive business growth.

Top international payment gateways in Singapore for SMEs


PayPal is a widely recognized and trusted payment gateway that operates in numerous countries. It is a go-to choice for SMEs looking to establish themselves in international markets. With its user-friendly interface, businesses can easily set up payment options for customers worldwide. PayPal offers multi-currency support and allows customers to pay with various payment methods, including credit cards, debit cards, digital wallets, and net banking. Its robust security measures ensure safe transactions for both businesses and customers.

Transaction fees- 4.40%+0.50 SGD

Setup fees- No fees

Refund charges- No extra charges

Currencies- 25

Payment methods- PayPal wallet, Bank transfers, e-Cheque, ACH

Cards- Visa, MasterCard, Discover, American Express, JCB

Recurring billing- Available


Stripe is another popular payment gateway Singapore among SMEs for international payment processing. With its straightforward integration process and extensive global reach, it allows businesses to accept payments in multiple currencies from around the world. Stripe’s sophisticated APIs and tools enable customizable and seamless checkout experiences for customers. Additionally, its real-time data and insights help businesses analyse sales patterns and optimize their operations.

Transaction fees- for cards- 3.4% + SGD 0.50, for digital Wallets- 2.2% + SGD 0.35

Setup fees- No fees

Refund charges- N/A

Currencies- 135+

Payment methods- Bank transfers, buy now, Pay later, e-wallets

Cards- American Express, Discover, Diners Club, Visa, Mastercard, UnionPay, and Japan Credit Bureau

Recurring billing- Available


Authorize.Net is a reliable international payment gateway for SMEs in Singapore. This gateway offers international payment processing solutions that can be seamlessly integrated with any payment platform. It enables businesses to accept payments in different currencies, ensuring a smooth experience for international customers. Authorize.Net prioritizes security, hence adheres to PCI compliance standards, and employs advanced fraud prevention measures.

Transaction fees- 2.9% + 30¢

Setup fees- No fees

Monthly charges- $25

Refund charges- N/A

Currencies- 10+

Payment methods- e-Cheque, PayPal

Cards- Visa, Mastercard, Discover, American Express, JCB

Recurring billing-


PayCly is an ideal international payment gateway in Singapore for SMEs aiming to serve international customers. With its seamless integration and global reach, PayCly enables businesses to accept payments in multiple currencies, facilitating cross-border transactions. Its secure and efficient payment processing ensures a smooth customer experience, allowing SMEs to expand their customer base and grow their business on an international scale.

Transaction fees- Depends on the amount

Setup fees- N/A

Refund charges- N/A

Currencies- 100+

Payment methods- e-wallets, buy now, pay later, bank transfer, Cryptos

Cards- Visa, JCB, Mastercard, Discover, UnionPay, Diners Club, JCB

Recurring billing- Available

2Checkout (now Verifone)

2Checkout, also known as Verifone, is an international payment gateway with a strong global presence. It supports multiple payment methods, including credit cards and online wallets, enabling businesses to fulfil diverse customer preferences. 2Checkout also provides recurring billing options, which can be beneficial for businesses with subscription-based models. With its dedicated customer support and intuitive dashboard, SMEs can efficiently manage their international transactions.

Transaction fees- 3.5% + $0.35

Setup fees- No fees

Refund charges- No extra charges

Currencies- 100+

Payment methods- Digital wallets, Online banking, Direct debits

Cards- Visa, MasterCard, Discover, American Express, Diners Club, and JCB

Recurring billing- Available


Skrill is a popular payment gateway Singapore with a focus on serving international markets. It offers a range of payment options and supports over 40 currencies, making it ideal for SMEs with an international customer base. Skrill’s user-friendly interface allows for easy payment acceptance, while its prepaid card service enables swift fund withdrawals. The gateway’s focus on security ensures a safe and trustworthy payment environment.

Transaction fees- from 1% to 4.99%

Setup fees- No fees

Refund charges- N/A

Currencies- 40+

Payment methods- Bank transfers, Digital wallets

Cards- Visa, Mastercard

Recurring billing- Available

Summing up

So, these are some of the top payment gateway Singapore for small- to medium-sized enterprises looking to enter international markets. Remember, selecting the right International Payment Gateway is crucial for businesses working with international audiences. The payment gateways mentioned above, such as PayPal, Stripe, PayCly, authorize.Net, 2Checkout (Verifone), and Skrill, are considered the best in the business because they provide tailored solutions to meet the specific needs of SMEs in Singapore. And by leveraging those reliable payment solutions, businesses can optimize their global transactions, expand their customer reach, and thrive in the world of international trade.

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