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Comparing payment gateways for an e-commerce store in Singapore
Zan did a great job of comparing several payment gateways in Singapore. In summary, below are what i found to be important.
Available Options in Singapore:
|Set up fees
||3.4% + S$0.50
||100 free transactions, S$0.50 per transaction thereafter
Eventually, we decided to use Paypal Website Payment Standard. Why? First, the cost is the lowest. There are no set up fees or monthly fees. You only pay when there’re purchases. Second, the process is easy to set up. All I needed is a credit card. Applying for a merchant account at the banks is a hassle in comparison. There is processing time, and added charges for the set up can be quite hefty.