Back to Blogs

5 Cheap Payment Gateways for E-commerce Sellers in 2024

This article explores five affordable payment gateways for e-commerce sellers in 2024, ideal for investors aiming to automate and scale their online stores.

Man typing his credit card information into a payment processor on an eCommerce store
circles that feels like an horizon

Choosing the right payment gateway is crucial for e-commerce sellers, especially for those considering an investment in the sector. Payment gateways not only facilitate transactions but also impact the overall efficiency and security of your e-commerce business.

What is a Payment Gateway?

A payment gateway is a technology used by merchants to accept debit or credit card purchases from customers. It acts as an intermediary between your e-commerce website and the payment processor, ensuring that customer information is securely transmitted and processed. For more detailed insights on choosing the right payment gateway, check out our blog post on Choosing the Right Payment Gateway.

1. Leaders Merchant Services (LMS)

Leaders Merchant Services (LMS) is a standout choice for many e-commerce sellers due to its competitive pricing and robust features.

Key Features:

      Customizable Payment Solutions: LMS offers tailored payment solutions that cater to the unique needs of different businesses. Whether you need basic processing or advanced e-commerce features, LMS has a plan for you.
      Fraud Prevention Tools: LMS includes advanced fraud detection and prevention tools, helping to secure your transactions and protect your business.
      Integration Capabilities: LMS integrates seamlessly with popular accounting software like QuickBooks and shopping cart systems, simplifying the management of your e-commerce operations.
      Low Fees: With transaction fees starting at 0.15% + $0 and a monthly fee of $9, LMS provides an affordable option for small to mid-volume businesses.

Why LMS?

LMS is ideal for e-commerce investors looking for a cost-effective, customizable solution that offers strong security features. The ability to integrate with existing business tools makes it a convenient choice for scaling your e-commerce operations.

For more details, visit the Leaders Merchant Services website.

Payment gateway machine displaying hello to the customer.

2. Paysafe

Paysafe is renowned for its affordability and excellent support for international transactions, making it a great option for e-commerce sellers with a global customer base.

Key Features:

      Multi-Currency Support: Paysafe supports over 40 currencies, allowing you to cater to a global audience with ease.
      Advanced Fraud Protection: Paysafe offers comprehensive fraud protection measures, ensuring secure transactions across borders.
      Subscription Management Tools: Paysafe's partnership with Vindicia provides advanced tools for managing subscriptions and recovering failed transactions.
      Low Transaction Fees: With transaction fees starting at 0.50% + $0.10 and a monthly fee of $7.95, Paysafe is an economical choice for businesses of all sizes.

Ideal Use Cases:

Paysafe is particularly beneficial for businesses that sell high-ticket items globally or operate on a subscription model. The advanced subscription and payment recovery tools help in maintaining steady revenue streams and minimizing losses from failed transactions.

Learn more about Paysafe on their official website.

3. Payline

Payline offers a range of flexible payment solutions tailored to different business needs, from startups to large enterprises.

Key Features:

      Mobile Payment Solutions: Payline's mobile solutions enable you to accept payments via mobile apps, making it a versatile option for businesses on the go.
      QuickBooks Integration: Payline integrates with QuickBooks, streamlining payroll management and overall financial operations.
      Competitive Pricing: Online stores pay a monthly fee of $20, with transaction fees of 0.75% + $0.20, making it a cost-effective solution for e-commerce sellers.
      Built-In Security: Payline provides built-in security and fraud detection, ensuring safe transactions for your business.


Payline is ideal for small businesses and those needing mobile payment solutions. The flexible pricing and integration with QuickBooks make it a convenient choice for managing finances and processing payments efficiently.

Discover more about Payline at Payline Data.

An abstract illustration of different payment gateways like credit cards, digital wallets and shopping carts.

4., a Visa solution, is known for its advanced fraud detection capabilities and support for multiple currencies, making it a robust option for e-commerce sellers.

Key Features:

      Advanced Fraud Detection: The Advanced Fraud Detection Suite (AFDS) offers peace of mind by identifying, managing, and preventing suspicious transactions.
      Support for Multiple Currencies: supports various currencies, making it suitable for businesses with international customers.
      Integration with Digital Wallets: The platform is compatible with digital wallets like Apple Pay, PayPal, and Visa Checkout.
      Flexible Plans: offers different plans to suit various business sizes, although it is generally more costly with transaction fees around 2.9% + $0.30.

Suitability: is perfect for businesses requiring enhanced security measures and those operating in multiple countries. Its comprehensive fraud detection and support for numerous payment methods make it a reliable choice.

Find out more at

5. Braintree (a PayPal service)

Braintree, owned by PayPal, provides a full-stack payment platform with robust features designed to simplify complex payment needs.

Key Features:

      Mobile Payments: Braintree supports mobile payments, allowing businesses to process transactions on the go.
      Recurring Billing: The platform includes tools for managing recurring billing, making it ideal for subscription-based businesses.
      Security Protocols: Braintree employs strong security measures, including fraud detection and PCI compliance, to protect transactions.
      Competitive Fees: Transaction fees for European cards are 1.9% + £0.20, while non-European cards are charged 2.9% + £0.20.


Braintree is suitable for businesses that need a comprehensive payment solution capable of handling various payment types and currencies. Its integration capabilities and strong security protocols make it a reliable option for scalable businesses.

Learn more at Braintree Payments.


Selecting a cost-effective payment gateway is crucial for optimizing your e-commerce operations and maximizing profits. The payment gateways discussed in this article offer a range of features and pricing options suitable for different business needs. For e-commerce investors looking to automate and scale their operations, these gateways provide secure, efficient, and affordable solutions.

By choosing the right payment gateway, you can ensure smooth transactions, protect your business from fraud, and cater to a global customer base, ultimately enhancing the success of your e-commerce venture.

For more information on how to optimize your e-commerce business, consider partnering with experts who can manage and scale your stores from company incorporation to consistent sales and profits.