Best Payment Gateway for eCommerce Website Singapore

(Updated for 2022) Does payment gateway affect your online store business? Yes, if you choose a wrong payment gateway, it might be the barrier for your customers to purchase, as they do not prefer to use that method to pay.

The most effective payment gateways make it straightforward to take and also process credit and debit card payments online.

Payment gateways allow you to take card settlements online or in-store, which suggests they can offer credit card settlement processing online and also offline, along with deal with Point of Sale (POS) processing in-store.

Hence, picking the right payment gateway can grow your business significantly and enhance your store conversion rates.

In this article, we are going to discuss which payment gateway are the best and popular in Singapore:


Paypal is a popular international payment gateway founded in 1998 as Cofinity and is supported by most of the eCommerce platforms, so it is also used by many eCommerce businesses in Singapore.

PayPal supplies fast and simple payment handling solutions for e-commerce suppliers, public auction sites and also other business entities globally.

It likewise uses very easy cart integration, numerous personalization alternatives, online invoicing and promotes charge card payments over the phone.

Pricing is affordable without month-to-month fees, making it suitable for new and also local business.

There are two common options you can choose when registering with Paypal, which are PayPal Standard and PayPal Express.

What are the differences? Paypal Express having a better checkout experience for the user that already has the Paypal account and having their shipping/billing information stored in Paypal, they can simplify the checkout process without key in those information again.

How to register Paypal account?

Step 1: Sign up an account by selecting your account types.
paypal registration account type
Step 2: Fill in the account information to complete registration.
paypal registration


Stripe is growing rapidly in the world and also Singapore. It integrates with most of the eCommerce platforms and it is developer-friendly to set up.

Many big brands are also using Stripe as their payment method such as Deliver, Grab and Kickstarter.

Another cool part of Stripe is that they not only accept payment from debit cards and credit cards, they are still able to accept payment from WeChat Pay or AliPay in Singapore.

If you’re seeking for a fast and simple way to start processing card payment then Stripe has a variety of options.

How to register Stripe account?

Step 1: Go to Stripe & register an account.
how to register stripe accountStep 2: Login to dashboard and verify your email.
stripe email verification
Step 3: Activate your account by completing the information.stripe account activationStep 4: Submit application, wait 1-2 weeks for Stripe to verify your application.


eNETS is one of the Singapore payment gateways that started in earlier stages. The greatest benefit of eNETS is they are the only payment method that accepts direct debit in Singapore.

They accepts direct debit in Singapore including all major credit cards and currencies.

If you wish to use eNETS payment gateway, you require a bank account which is associated with your company’s name, so you can create the Merchant account where you will receive the customers’ payment.

As other payment gateways, credit cards and debit cards are accepted as well.

How to register eNETS account?

Step 1: Download the application form here, from eNETS.

Step 2: Complete the form and submit through their online enquiry form.
eNETS online application
Step 3: eNETS representatives will contact you and assist on account registration.

WorldPay Singapore

WorldPay Singapore is the global payment gateway and it’s Asia office is located in Singapore.

If you are a Small and Medium Enterprise, then this might be your choice, as Worldpay has the competitive rate compared with other payment gateways, and you do not need separate merchant accounts for different payments from online and phone.

How to register WorldPay Singapore account?

Step 1: Select the option between “Agent free call” or “Apply online” here.
Step 2: For online application, you need to fill in the information and complete the registration.
worldpay registration
Step 3: Select your desired plan and submit your application.
Step 4: WorldPay support person will assist to complete the application.

Comparison: Payment Gateways Fees for eCommerce Website in Singapore

Payment Gateways

Setup Fees Subscription Fees  Transaction Fees

Payment Accepted

Stripe No setup fees No subscription fees  3.4% on total sales amount + S$0.50 fixed transaction fee Visa, MasterCard, American Express, Discover, JCB, Diners Club cards and Bitcoin
Paypal No setup fees No subscription fees 3.9% on total sales amount + S$0.50 fixed transaction fee (For a monthly sales of up to S$5000) PayPal, Visa, MasterCard, American Express, Discover, Diner’s Club, and JCB.

Allows customer to checkout without a Paypal account

eNETS Setup fees required and varies Monthly subscription fees Transaction fees are applied Major international (VISA, MasterCard, AMEX) credit card payments online, online payments on their websites from Internet Banking users using their bank accounts. eNETS is also available to Singapore consumers with DBS/POSB, OCBC, UOB or Citibank Internet Banking accounts.
WorldPay Singapore No setup fees Yearly subscription fees S$650 3.95% per transaction Merchant account, credit and debit card (VISA, MasterCard, AMEX)


Which to choose

In Conclusion, choosing the best payment gateway for your eCommerce business depends on your nature and types of business, and ensure the payment method is able to support your business model.

However, in Singapore we have various great options to choose from, so perform the research and select the best payment gateway for your store, then start earning!

Wish to know how to build your eCommerce website? We have a great article for you:

How to Create An Ecommerce Website in 4 Simple Steps