Thailand has been among the top destinations attracting around 22 million tourists visiting its shores annually. From the majestic Asian elephant to luxurious shopping malls, Thailand has it all! In recent years, with technological development, Thailand has started utilizing digital in its tourism industry, especially payment gateways. Welcoming millions of tourists worldwide, each with different languages and currencies, the country must be prepared to offer its customers a smooth payment process while abroad. This article will review the top 4 Thailand payment gateways based on features, user experience, and pricing.
Top Thailand Payment Gateways
Choosing the right payment gateway is crucial for Thai eCommerce stores. Online shopping in Thailand has become increasingly popular, making it essential to have a reliable payment gateway. In Thailand, eCommerce sales are expected to reach $13.8 billion in 2025, with a growth rate of 10.8%. Credit and debit cards are the most common payment methods, accounting for 78% of online transactions, followed by bank transfers at 19%. A user-friendly payment gateway is essential as complicated payment processes can lead to cart abandonment and lost sales. Lastly, personalization is a top priority for customers, and a payment gateway that offers loyalty programs and self-checkout features can increase customer trust and loyalty. Selecting the right payment gateway is crucial for eCommerce businesses in Thailand to provide a secure, user-friendly payment process and maintain customer satisfaction. So, here are our top 4 payment gateways to consider for your Thai business.
Omise is one of the top payment gateways in Asia with its headquarters in Thailand. It was founded by Jun Hasegawa and Ezra Don Harinsut in 2013. Omise was proudly announced among the top 10 ‘Japanese Entrepreneurs Ranking’ by Forbes Japan in 2018.
This Thailand payment gateway is easy to use and suitable for non-tech-savvy users. To start, users simply go to Omise’s website to create an account, set a password, and fill out basic information. Then, input the card information you want to be charged in the system. And you are all set! Once the card number is in the system, Omise will use HTTPS (TLS) so that the merchants can never see or have a chance to access any of the card details.
The payment gateway then encrypts cards using the highest grade encryption (AES-256) and symmetric encryption before storing them in the store’s database. Only when cards are sent to the bank for charging will be decrypted. Omise is used by many big names in Thailand like McDonald’s, Allianz, or The Pizza Company.
Siampay is the top Thailand payment gateway that was founded in 2000. The company offers a variety of payment solutions with advanced fraud detection and management services. Only two steps are needed when starting with Siampay, including creating an account, inputting your card information, and you are reading to go shopping!
Siampay has multiple advanced features that can help retailers to manage their stores better:
- Report Manager
View summaries and record sales in your store with easy tracking to come up with a comprehensive report
- Multilingual UI Support
Select your own preferred display language with full supports for English, Traditional Chinese, and Mandarin
- Customizable Layout
Build forms according to your business needs. Easily add new fields in the system to collect the information you need
- User Administration
Create multiple user groups and accounts for each state to manage the store’s site effectively
Paypal is among the most famous payment gateways that support online money transfers not only in Thailand but also all over the world. The company operates as a payment processor for online vendors, auction sites, and many other commercial users. Paypal has an annual revenue of $17.5 billion with its headquarters in San Jose, California.
This Thailand payment gateway is significantly simple, which is the reason why it is so popular worldwide. To start with Paypal, users first need to create an account where they fill in the basic information. The next step is to link your preferred credit, debit, or prepaid cards to the account. Lastly, shoppers use the card that is linked with Paypal to purchase goods around the world.
For retailers, Paypal has their Chip and Swipe card reader for $24.99, which enables sellers to accept chip cards, and traditional magnetic-stripe cards, send invoices from the app or online, and even record cash and check transactions on their phone or tablet. Especially, Paypal is PCI-DSS compliant and supports EMV certification. Therefore, both the buyer’s and seller’s sensitive information will be highly protected with Paypal.
To help keep customers safe during the pandemic, ConnectPOS offers Paypal for retailers that use the Chip and Tap reader to accept contactless payment.
Mastercard is an American multinational financial service with its headquarters in New York, USA. The firm engages in the payment industry to connect consumers, financial institutions, merchants, governments, and businesses. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial, and payment programs. As of 2021, the company has recorded $17 billion in net sales.
It is easy to travel abroad with an EMV Mastercard in your hand as almost every store in this world will accept it. EMV cards will store data on integrated circuits rather than magnetic stripes. It will present your personal information to banks worldwide so that you can shop freely without worrying about your payment getting declined. Furthermore, an EMV card creates dynamic data every time you make a transaction, which is nearly impossible for fraudsters to duplicate or clone your card.
The Omnichannel POS directly integrates with top 4 Payment Gateways in Thailand
ConnectPOS is an award-winning payment gateway in Thailand, favored for its customer-focused features that will enhance eCommerce stores’ checkout processes. Among the other POS contenders for Thai retailers, ConnectPOS stands out in terms of accessibility – it can work on virtually any device such as smartphones, tablets, and monitors. This powerful software enables Thai merchants to bring the latest checkout process to their customers regardless of hardware limitations. Furthermore, ConnectPOS enables merchants to adapt any payment method, allowing for vast customization to suit the needs of every customer. Here are some key features that make ConnectPOS stand out as a preferred payment gateway among Thai merchants.
- PWA Consumer Application
ConnectPOS offers an incredibly intuitive application for easy and reliable customer payment with its PWA Consumer App. Unlike traditional POS methods, this application will help Thai merchants save hardware maintenance costs while enjoying the benefits of a robust POS system with self-checkout, customer loyalty programs, and multiple payment methods.
- Omnichannel Support
Thailand’s 74% of online shoppers demand a seamless shopping experience. With 40% of Thai shoppers using their phones for online purchases, an Omnichannel POS system is needed to integrate physical stores with online channels. ConnectPOS’s omnichannel support provides insights into customer behavior, and tailored marketing strategies.
- Customizable Integration
Customizable integration is a key feature for eCommerce businesses to adapt to their unique needs. ConnectPOS allows businesses to integrate their existing systems with any eCommerce platform, enabling automation, increased efficiency, and faster order processing. Customizable integration also ensures a seamless flow of data, reducing errors and saving time.
- Real-time Synchronization
Inventory synchronization is crucial for eCommerce businesses to maintain accurate stock levels and avoid overselling. It enables businesses to synchronize their inventory across multiple sales channels, ensuring that stock levels are updated in real-time. This feature also helps businesses optimize their inventory management, reducing the risk of stockouts and improving customer satisfaction.
In this article today, we have discussed several Thailand payment gateways that are the most popular within this tourism country. Please feel free to contact us if you have any further questions!