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:
- Paypal Website Payment Standard
- Paypal Payflow Gateway
- E-Nets
- E-Clearing
- World Pay
- Payment Express
- Cybersource
- 2c2p
Cost Comparison
| World Pay | Enets | Paypal | Payment express | |
| Set up fees | S$250 | S$200 | Free | S$150 |
| Annual fees | S$650 | S$450 | Free | S$600 |
| Transaction fees | 4.50% | 4.50% | 3.4% + S$0.50 | 100 free transactions, S$0.50 per transaction thereafter |
Final Decision?
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.