Australia
Payment Gateway Australia: Key Statistics and Trends in the Region
Population
Online Population
B2C E-commerce
Running an online business means you need a reliable option to accept transactions. In Australia, the right gateway helps ensure your customers' safety. Before exploring the main advantages of each processor, let’s learn more about e-commerce, which that the listed gateways so fascinating.
- Online shopping has become a preferred choice, so the market will reach over $70 billion by 2025.
- Most customers (over 60%) make their purchases via mobile devices.
- Payment gateways in Australia lead due to the adoption of advanced encryption and scam protocols.
- Australia is the birthplace of Buy Now, Pay Later (BNPL) giants like Afterpay and Zip.
- Customers create a huge demand for payment processing companies by shopping from international retailers.
You can choose the best gateway in Australia if you carefully evaluate all factors.
Payment Gateway: Its Overview
A payment gateway is a modern tool for accepting online costs from customers. Such an option creates a safe connection between the websites or apps and the processors. It encrypts all card or bank details during the transaction process. Australian gateways also check for fraud and ensure that the transaction is seamless and secure. In short, it bridges the customer and the business selling online.
Payment Gateway Providers in Australia: Factors to Consider
The proper choice of gateway makes the purchasing experience more pleasant. Providers can offer multiple options for customers, but considering factors in advance can help to select the best payment processing companies.
Payment Methods
Ensure the gateway offers credit card payments, e-wallets, etc. Such diversification enhances convenience for customers.
Fees and Costs
Compare transaction fees, setup costs, and other charges to choose a cost-effective solution that can save money in the long run.
Integration and Security
Check how well the gateway integrates with your e-commerce platform. It includes solid security features for transaction protection.
Support and Reputation
Look for platforms with reliable customer support and multiple contact options. Read clients’ reviews to assess their reputation.
PayPal
PayPal is one of the most famous payment gateways Australia that lets users send and receive money in various currencies in a few minutes. It is suitable for private and business transactions, including eCommerce stores.
| Feature | Description |
|---|---|
| Transaction Methods | Credit/debit cards and PayPal balance |
| Registration Documents | ID card or passport, business details |
| Settlement Period | 1-2 days |
| Mobile App Integration | Yes |
| Onboarding Time | Instant activation |
| Customer Support | Phone, email, chatbot |
| eCommerce Platforms Supported | Shopify, WooCommerce, Magento, Wix |
| Other Integrations | Invoicing tools, POS systems |
| Dashboard | Real-time analytics |
| Transaction MethodsCredit/debit cards and PayPal balance | |
| Registration DocumentsID card or passport, business details | |
| Settlement Period1-2 days | |
| Mobile App IntegrationYes | |
| Onboarding TimeInstant activation | |
| Customer SupportPhone, email, chatbot | |
| eCommerce Platforms SupportedShopify, WooCommerce, Magento, Wix | |
| Other IntegrationsInvoicing tools, POS systems | |
| DashboardReal-time analytics |
Pros
- High level of user trust
- One-click checkout
- Easy navigation
Cons
- High fees
Afterpay
Afterpay is one of the Buy Now, Pay Later (BNPL) payment processing companies that allows shoppers to split their purchases into four installments. It is popular among younger customers. Due to its ease of use, retailers benefit from higher sales and customer retention.
| Feature | Description |
|---|---|
| Transaction Methods | BNPL |
| Registration Documents | Business details, merchant agreement |
| Mobile App Integration | Yes |
| Onboarding Time | 1-3 days |
| Customer Support | |
| eCommerce Platforms Supported | Shopify, WooCommerce, Magento, Wix |
| Other Integrations | POS systems |
| Dashboard | Real-time analytics |
| Transaction MethodsBNPL | |
| Registration DocumentsBusiness details, merchant agreement | |
| Mobile App IntegrationYes | |
| Onboarding Time1-3 days | |
| Customer SupportEmail | |
| eCommerce Platforms Supported Shopify, WooCommerce, Magento, Wix | |
| Other IntegrationsPOS systems | |
| DashboardReal-time analytics |
Pros
- Increases conversion rates and average order value
- No risk of chargebacks for merchants
- Attracts younger, budget-conscious shoppers
Cons
- High transaction fees
Stripe
Stripe is a reliable internet payment gateway designed for companies looking to simplify their online process. It offers a seamless way to handle costs across various industries with its user-friendly interface and global reach.
| Feature | Description |
|---|---|
| Transaction Methods | Credit/debit cards, e-wallets, bank transfers |
| Registration Documents | ID card, ABN |
| Settlement Period | 2 days |
| Mobile App Integration | Yes |
| Onboarding Time | Instant activation |
| Customer Support | Phone, email, live chat |
| eCommerce Platforms Supported | Shopify, WooCommerce, Magento |
| Other Integrations | Accounting tools, invoicing systems, CRM software |
| Dashboard | Real-time analytics |
| Transaction MethodsCredit/debit cards, e-wallets, bank transfers | |
| Registration DocumentsID card, ABN | |
| Settlement Period2 days | |
| Mobile App IntegrationYes | |
| Onboarding TimeInstant activation | |
| Customer SupportPhone, email, live chat | |
| eCommerce Platforms Supported Shopify, WooCommerce, Magento | |
| Other IntegrationsAccounting tools, invoicing systems, CRM software | |
| DashboardReal-time analytics |
Pros
- Automatic currency conversion
- 3D secure feature for protection
- No monthly fees for service
Cons
- Slow customer support
Zip
Zip is another BNPL gateway payment in Australia, offering Zip Pay for everyday purchases and Zip Money for larger expenses. It gives users more flexibility in repayment schedules and helps track spending and repayments.
| Feature | Description |
|---|---|
| Transaction Methods | BNPL |
| Registration Documents | Business details, merchant agreement |
| Mobile App Integration | Yes |
| Onboarding Time | 1-3 days |
| Customer Support | Phone and email |
| eCommerce Platforms Supported | Shopify, WooCommerce, BigCommerce |
| Other Integrations | POS systems |
| Dashboard | Real-time analytics |
| Transaction MethodsBNPL | |
| Registration DocumentsBusiness details, merchant agreement | |
| Mobile App IntegrationYes | |
| Onboarding Time1-3 days | |
| Customer SupportPhone and email | |
| eCommerce Platforms Supported Shopify, WooCommerce, BigCommerce | |
| Other IntegrationsPOS systems | |
| DashboardReal-time analytics |
Pros
- More flexible repayment plans
- No hidden fees for customers
- Full expense to merchants upfront
Cons
- Possibility of late fees if costs are missed
Braintree
Braintree is the best payment gateway that is owned by PayPal. It is flexible and provides support for multiple methods. Most startups and large companies integrate this system for its developer-friendly tools.
| Feature | Description |
|---|---|
| Transaction Methods | Credit/debit cards, PayPal, Venmo, Apple Pay, Google Pay |
| Registration Documents | Business registration, ID verification, bank details |
| Settlement Period | 2-5 days |
| Mobile App Integration | Yes |
| Onboarding Time | 1-3 days |
| Customer Support | Phone, email, ticket system |
| eCommerce Platforms Supported | Shopify, WooCommerce, Magento, Wix |
| Other Integrations | CMR, accounting tools |
| Dashboard | Real-time analytics |
| Transaction MethodsCredit/debit cards, PayPal, Venmo, Apple Pay, Google Pay | |
| Registration DocumentsBusiness registration, ID verification, bank details | |
| Settlement Period2-5 days | |
| Mobile App IntegrationYes | |
| Onboarding Time1-3 days | |
| Customer SupportPhone, email, ticket system | |
| eCommerce Platforms Supported Shopify, WooCommerce, Magento, Wix | |
| Other IntegrationsCMR, accounting tools | |
| DashboardReal-time analytics |
Pros
- Without fees on a monthly basis
- API for custom integrations
- Accepts Venmo, PayPal, etc
Cons
- High fees
Adyen
Adyen is one of the global payment processors that offers an all-in-one solution for businesses to process fees online, in-store, and via mobile. It is a perfect match for international businesses due to its integration with major platforms.
| Feature | Description |
|---|---|
| Transaction Methods | Credit/debit cards, PayPal, Alipay, WeChat Pay, local methods |
| Registration Documents | Business details and verification statements |
| Settlement Period | 1-2 days |
| Mobile App Integration | Yes |
| eCommerce Platforms Supported | Shopify, WooCommerce, Magento, BigCommerce |
| Other Integrations | CRM, ERM, accounting software |
| Dashboard | Real-time analytics |
| Transaction MethodsCredit/debit cards, PayPal, Alipay, WeChat Pay, local methods | |
| Registration DocumentsBusiness details and verification statements | |
| Settlement Period1-2 days | |
| Mobile App IntegrationYes | |
| eCommerce Platforms Supported Shopify, WooCommerce, Magento, BigCommerce | |
| Other IntegrationsCRM, ERM, accounting software | |
| DashboardReal-time analytics |
Pros
- Direct bank relationships
- Supports nearly 250 methods and 150 currencies
- Suitable for large businesses
Cons
- Complex setup for new users
FAQ
What is the cheapest payment gateway in Australia?
The cheapest gateway depends on transaction volume and business type. Pin Payments and eWay offer competitive rates with no monthly fees, making them cost-effective for small businesses.
What is the largest payment processor in Australia?
PayPal and Stripe are among the largest processors in Australia, widely used by businesses and eCommerce platforms. The NAB Transact also handles significant transaction volumes.
