Which Thailand payment gateway to choose?
Thailand is a country with a steadily growing economy. According to Globaldata, the total value of the e-commerce sector will surpass THB 1200 billion in 2021.
More than 69.5% of the total population of the country is involved in the global Internet. Given the fact that half of the country’s population are residents under 35, it can be assumed that the development of e-commerce in the country will not keep itself waiting long.
With the development of online business, many merchants have wondered which is the best Thailand payment gateway to choose? In our article, we have prepared an overview of popular payment gateways that provide their services both locally and internationally.
Top 5 payment gateways Thailand
PaySolutions
PaySolutions is a payment service provider that provides an online payment gateway in Thailand. This solution allows you to integrate a payment gateway on such popular platforms as Magento, WordPress, Shopify, and VirtueMart. Besides, the company offers various additional tools for eCommerce.
Benefits of PaySolutions payment gateway:
- Acceptance of payments in 9 currencies;
- Free integration. Integration via payment link;
- Recurring payments;
- SMS payments;
- Availability of technical support in English and Thai;
- Providing detailed information on transactions.
The transaction cost is calculated individually.
PayPal
Probably one of the most famous brands in the payments industry. PayPal provides a variety of payment tools for both individuals and businesses. The main advantage of the PayPal payment gateway is its availability; it provides services in more than 200 countries.
Benefits of PayPal payment gateway:
- To get started, you don’t need to provide a bunch of documents;
- You can connect the PayPal payment gateway for business in Thailand within 15 minutes;
- Acceptance of payments in more than 25 currencies;
- Easy integration with any platform.
PayOp
Although not as well known as PayPal, PayOp is also a global provider of payment solutions for businesses in over 170 countries. The company provides high-quality payment solutions, the main of which is a wide range of payment methods.
Benefits of PayOp payment gateway:
- More than 300 payment methods, both traditional and alternative, for local use;
- Several ways to withdraw funds. Massive conclusions;
- Invoicing;
- Transparent pricing policy;
- High-risk processing industries.
SiamPay
Siampay is part of the Asia Pay payment system operating in Thailand. The company offers merchants such services as “SiamPay eCommerce” to facilitate online credit card payments. Siam pay also provides many services such as mobile payments, risk management software and online merchant aggregation.
Benefits of SiamPay payment gateway:
- Recurring payments;
- Low fees. No hidden fees;
- Both traditional card processing and alternative payments;
- Payment vouchers;
- Tokenization of cards.
2Checkout
2Checkout is a leading international payment platform that allows businesses to get a payment gateway anywhere globally, including Thailand. It offers local payment options as well as a range of services for individuals and entrepreneurs. The system supports different transactions with different payment modes. The app’s checkout services improve user conversions by adapting to local elements of their industry, such as languages, payment methods, and currencies.
Benefits of 2Checkout payment gateway:
- The ability to integrate with more than 100 e-commerce sites;
- Global coverage;
- Local acquiring;
- The platform is available in 15 languages and accepts 25 currencies.
The bottom line
Among the companies listed above, you will find reliable payment solutions for doing business both in Thailand and abroad. When choosing the best payment gateway in Thailand, you should also take into account certain criteria. The most famous companies are not always the best choice. Try to consider individual business needs
If you are interested in receiving a payment gateway from PayOp – please find our solutions here. Or you can sign up for a free account right now.
