Aug 25 2024
Explore the 10+ best payment gateway for SaaS in 2024. Discover their features, pros, and cons to make the best choice for your SaaS business.
SaaS businesses have unique needs and challenges for payment processing. SaaS payment gateways have a lot to handle. So, finding the best payment gateway for Saas is crucial. From billings and sending invoices to managing payments and subscriptions, it handles all.
Payment gateways for SaaS offer many advanced features and tools to manage your business. It optimizes your business for better engagement and sales. However, you will find a lot of options while searching for payment solutions. But you need to choose the best option that meets your business needs.
Today we will share 10+ Best Payment Gateways for SaaS Businesses in 2024. We will explore their features, pros, cons, transaction fees, and all other factors, you need to know while making a good choice.
You need to do proper research to find the best payment gateway for your SaaS business. Which SaaS payment solution is best for you depends on many factors. It should align properly with your goals, needs, and budget. Here are some of the factors you need to consider while choosing the best payment gateway for SaaS-
To help you make the smart decision and ease the burden, we have listed 10+ best payment gateways for SaaS. Our experts have reviewed their features, pros, cons, pricing, security, and others. So, just take a look and choose the best payment solution for your SaaS business.
Stripe is an intuitive payment gateway for SaaS. It is a developer-friendly platform and is known for its customization and scalability. It is also a flexible and easy-to-use payment solution. Stripe seamlessly integrates with your product and makes your billing process easier. You can customize it to match your brand effortlessly. Companies like Amazon, Google, Notion, and Figma use Stripe.
Stripe is available in 34 different countries and supports 135 currencies. Thus, it is the best payment gateway for businesses that accept payments globally. Stripe easily integrates with your SaaS application and makes the billing process easier. Moreover, it offers advanced fraud detection, payment reconciliation, invoice creation, and other features.
Furthermore, Stripe not only improves user experience but also ensures better transaction security. It offers payment data and communication channels encryption and KYC algorithms.
Stripe has no monthly, annual, or subscription fees. Instead, it charges per transaction with transaction pricing. The fee for “Cards and Wallets” is 2.9%+30¢ per online sale. It adds 1.5% for international cards.
Braintree is another best payment gateway for SaaS. It is a SaaS (Software-as-a-Service) payment gateway platform. It was acquired by PayPal in 2013 and helps businesses to get online payments. It is a flexible and customizable subscription billing provider. Brands like Uber, Airbnb, Yelp, Dropbox, and GitHub use Braintree as their online payment solution.
Together with that, Braintree is available in 45 different countries and accepts 130 currencies. It is a flexible, scalable, and customizable solution for any business. Braintree’s integration with Woocommerce, 3D Cart, and Baremeatrics helps to improve your data management and reduce costs. It offers advanced fraud detection and other features.
Braintree uses multiple encryption keys for better security. It has split knowledge and dual control to manage cardholder data. Also, they follow the highest industry standards and guidelines for security.
Braintree is easy to set up and has no set-up fees. It has no monthly or annual fees. Braintree charges per transaction. The fee for “Cards and Third-party Digital Wallets” is 2.59%+49¢ per transaction. If the customer's card is issued outside the United States it adds 1%.
Paddle is a full-stack payment gateway for SaaS. It allows businesses to accept online payments from various channels. It offers a great approach for SaaS businesses. Paddle provides a variety of tools and services. It is an easy-to-customize and flexible subscription management and recurring billing provider. Famous brands like Laravel, Tailwind Labs, Beyond Code, and others use Paddle.
Paddle is available in over 200 countries around the world and supports 25 currencies. With the tools and services, you can customize the checkout pages, cross-selling capabilities, and others. It helps to make your payment process easier. Furthermore, you can use Paddle API to create, customize, and control the in-app purchase.
To detect any fraud Paddle uses a fraud score and rejects the transaction if the score is high. Also, it uses third-party apps to avoid malicious activities.
Paddle has no set-up fees and is easy to set up as well. Like many other payment gateways, Paddle also charges per transaction without any monthly or annual fees. It charges 5%+50¢ per checkout transaction.
Lemon Squeezy is another best payment gateway solution for businesses. It is specially designed to make the payment process easier for SaaS businesses. It is a customizable, flexible, and easy-to-use payment gateway. It seamlessly integrates with your business and other essential integrations to make the billing process easier.
Additionally, Lemon Squeezy is available in 135 countries and accepts over 110 currencies. With 20+ payment methods, it allows businesses to focus on generating more revenue. Also, it offers a strong dunning management system and simplifies credit card payments. It has AI fraud detection and real-time data analysis. Lemon Squeezy provides detailed sales analytics as well.
Lemon Squeezy has SSL encryption and input sanitization. It also complies with PCI DSS Level 2 for better security.
Lemon Squeezy charges per transaction. It charges 5% + 50¢ per online transaction. It has no additional charges or hidden fees. Moreover, Lemon Squeezy is free and easy to set up.
GoCardless is a payment gateway for SaaS, small and mid-sized businesses. It helps businesses to manage direct debit transactions without any card processing fees. It is an ideal payment solution that collects recurring payments from customers. GoCardless has developer-friendly APIs to integrate with your business seamlessly.
GoCardless accepts over 8 currencies and is available in more than 30 countries. Although it is not very good for international payments, you can collect international payments. GoCardless integrates with automation, project management, and other tools to make your workflow and payment process easier. It uses the Automated Clearing House (ACH) payment process for simple debit transactions.
Together with the ACH process, it offers the best security for your business. Although the ACH is a bit slower, it is an alternative to costly card transactions.
GoCardless is also easy to set up and free to use for your first 90 days. It has several plans that you can choose-
Authorize.net is another best and famous payment gateway for SaaS businesses. It was established in 1996 and is now owned by Visa. It is easy to use and simplifies the payment process to make your business reliable.
In addition, Authorize.net supports payments from the United States, the United Kingdom, Australia, Canada, and Europe. Thus, it is the best solution for SaaS companies that accept global payments. Also, Authorize.net offers a seamless user experience. It includes recurring payments, simple checkout, and digital invoicing.
For better security, Authorize.net has advanced fraud detection features. It also has transaction limits and compliance with PCI DSS to maintain secure transactions.
Authorize.net has transparent pricing with no hidden charge. Yet, the pricing is a bit complex. Even though it has no set-up fees, all its plan charges $25/month. It has 3 pricing plans-
Payment gateway: 10¢ + daily batch fee 10¢ per transaction.
PayPal is the most famous and best payment gateway for SaaS. It is one of the most trusted payment processing platforms for businesses. It is an integrated and managed solution. It can process both fixed and customized subscription amounts. PayPal integrates easily with your company, making the payment process smoother for you and your customers.
In addition, PayPal is available in over 200 countries and accepts 50+ currencies. This makes it the best option for SaaS businesses to accept global payment. PayPal hosts the checkout page when using the PayFlow link. PayFlow offers various tools and features like recurring billing, buyer authentication, and fraud protection services for free.
Along with this, PayPal has several security features and options. It has data encryption, Two-factor authentication (2FA), and 24/7 monitoring.
PayPal has two pricing plans. PayFlow link doesn’t charge any monthly fees. On the other hand, PayPal Pro charges $25 per month. For standard debit and credit card payments PayPal charges 2.99% of every transaction.
Mollie is a payment service provider. It allows SaaS and other businesses to accept online payments easily. Mollie helps to simplify the complex payment process and engage your users. Also, it helps businesses to grow and thrive smoothly. Mollie has become the most popular payment gateway in Europe.
Furthermore, Mollie accepts payments from 34 countries. And it accepts payments in 25 currencies and allows 8 currencies for receiving payouts. In addition, it offers local European payment methods to ensure a better user experience and simple checkout. Mollie integrates with several APIs to reduce errors and streamline your workflow.
Mollie highly prioritizes its user's security. It is fully PCI-DSS level 1 certified. It has advanced fraud detection and monitoring. Also, Mollies has a three-tier defense system for better data security.
Mollies has a little complex pricing strategy. It has no set-up cost and hidden fees. The pricing for online payments starts only at 1.80% + €0.25 per transaction.
2Checkout is a premier online payment gateway for SaaS. It easily handles all your payment processes such as digital services, physical products, or subscription models. Verifone acquired 2Checkout in 2020. It makes the complex transaction process easier and enhances customer experience. It is a simple and flexible payment solution.
Famous brands like Kaspersky Lab, IObit, and HP software use 2Checkout as their payment solution. It is available in 197 countries and accepts 97 currencies. On 2Checkout, it supports 33 languages and 45+ payment methods. It is s flexible, customizable, and integrates easily with developer-friendly APIs.
Moreover, 2Checkout ensures the best security for its users. It is PCI Level 1 certified and encrypts credit card data and numbers. It also uses an updated fraud detection tool with AI and keeps your application safe.
2Checkout has no setup or installation fees. It only charges when you start selling. It has 3 feature-rich pricing plans.
Gumroad is another most used and best payment gateway for SaaS. It is specially designed for digital creators and SaaS businesses. It allows users to sell their digital products and receive payments from them. Gumroad is not only a user-friendly platform but also easy to customize and flexible.
Gumroad is available worldwide and accepts local currencies. It accepts payments from all available payment options such as Visa, American Express, MasterCard, Diners Club, Discover, and Paypal. Gumroad also includes several payment methods such as pay-what-you-want pricing, one-time purchases, subscriptions, and multi-currency transactions.
Additionally, Gumroad offers better security for each transaction. It includes TSL encryption, PCI compliance, and IP tracking.
Gumroad always keeps the pricing simple and easy. It starts at only 10% flat transaction fees.
Square is another best payment gateway for SaaS businesses. It is not only flexible but also secure and reliable. It allows you to focus fully on your business. Square manages the subscriptions and billing process of a business and makes the payment process easy to handle. Famous brands like Chick-fil-A, Glossier, Marqeta, and HP Development Company use Square as their payment gateway.
Square’s card payment is only available in 8 countries. Also, it doesn’t accept multi-currencies. However, it offers several transactions and developer-friendly APIs to make your payment process secure and smoother.
For better security, Square offers two-step verification (2FA), login monitoring, data encryption, and other features.
Square has an affordable pricing structure. But when the business scales, it can be a bit expensive. The pricing structure of Square is-
Recurly is an all-in-one payment gateway for SaaS. It is a subscription management and billing platform like Stripe and Braintree. It is a user-friendly platform with smooth adoption and data-driven insights. Thus, it helps your business grow easily and offers experienced support for large businesses. Brands like LiveChat, Full Cube, and Accu Weather use Recurly.
In addition, Recurly supports 140 currencies and 30 languages. It has integrations with 28 different payment gateways and has 12 payment methods. You can easily integrate your business and make your payment process easier.
Recurly has advanced data hosting solutions to secure your customer's data. Moreover, it has Two-factor authentication and PGR encryption for better security.
Recurly has 3 feature-rich pricing plans. You can choose any of them that meets your business needs. However, the starter package is free to use for the first 3 months.
Adyen is a payment solution for SaaS businesses. It is a Dutch payment processing company that accepts multiple payment methods. It is a flexible and reliable billing solution. Moreover, Adyen helps businesses take online, in-store, and app payments easily. Uber, Spotify, eBay, Airbnb, and other famous brands trust Adyen.
Together with that, Adyen is available in almost 100+ countries and accepts 180+ currencies. Including that, it accepts contactless payments through digital wallets such as Google Pay and Apple Pay. So, it is a very good option for accepting global payments. Adyen offers customers insights to help your business.
Adyen offers a wide range of integrations to make your business better. It includes 24/7 monitoring, risk management, and other security infrastructure to provide better security.
Although the pricing model is a bit complex, Adyen has an affordable pricing strategy. It has no set-up and monthly fee. It has only €0.11 processing fee. Adyen adds some payment method fees as well.
Cacheflow is another best payment gateway for SaaS businesses. It offers advanced revenue management and flexible billing solutions. Cacheflow simplifies the payment process and smoothens the quote-to-cash process. With its flexibility, you can take the payments upfront from your customers. Renowned SaaS businesses like Tray.io, Sendoso, and Uniqode use Cacheflow as their payment solution.
Cacheflow has an optimized pricing strategy and it accepts over 100 currencies. So, it is a great option for a global payment network for SaaS businesses. Moreover, it has multiple payment methods to create an amazing customer experience. Cacheflow automatically sends payment reminders and allows direct debit card payments.
Another with, Cacheflow uses several high-security elements and complies with General Data Protection Regulation (GDPR) and Service Organization Control 2 (SOC2). In this way, it ensures better security for payment processes.
Unlike other payment gateways, Cacheflow doesn’t charge on transactions. It has various plans for SaaS businesses. Cacheflow has 3 pricing plans with several features and advantages. You have to contact their team for pricing.
For accepting payments and managing the other payment processes SaaS businesses need to have a bet payment gateway. You should spend little time finding the best solution for your business. However, most SaaS businesses use Stripe and Braintree. These companies have almost all the features you need to manage your payment process easily. They have a user-friendly interface, easy-to-setup, and better security features.
But if you want some additional features like AI fraud detection, real-time analysis, and optimized pricing strategy, you can check out Lemon Squeezy and Cacheflow.
SaaS payment gateways not only manage the payment and billings, it improve customer satisfaction and enhance user engagement.
All the payment solutions we have listed above offer amazing features and tools for SaaS. We have covered all the factors you need to know while choosing the best payment gateway for SaaS.
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