Top 5 Singapore Payment Gateways ConnectPOS Content Creator September 21, 2023

Top 5 Singapore Payment Gateways

Singapore Payment Gateways

Online payment gateways allow you to authorize and authenticate transactions between customers and your business smoothly. By enabling users to make credit card payments, payment gateways play a crucial role in making or breaking your omnichannel experience. If you are running a retail business in Singapore, here are the top 5 Singapore payment gateways you should consider.


SmoovPay is a local payment gateway based in Singapore that offers very competitive rates. If your target audience is Singaporean shoppers, this could be a viable option for you. The payment platform distinguishes itself with 3D authentication where users get redirected to a page for One-Time Password (OTP) acknowledgement.

Main features

  • Transaction fee: 2.9% on total sale amount + $0.25 fixed fee
  • No setup or monthly fees
  • Accept payments via Visa and Mastercard
  • Offer on-form payment


Having only been launched in 2016, Stripe is among the best Singapore payment gateways. This payment service provider offers a direct payment gateway that allows your customers to remain on your store page where credit card payments are conducted. This eventually enables merchants to craft their payment flow by creating their own checkout experience.

Main features

  • Transaction fee: 3.4% + SGD$0.50 (credit & debit cards), 2.2% + SGD$0.35 (digital wallets) and 3.3% (GrabPay, Apple Pay & Google Pay)
  • No setup or monthly fees
  • Accept payments via all major debit and credit cards (Visa, Mastercard, American Express, etc.), and mobile payments (iOS, Android SDK)
  • Support recurring payments and instant payouts
  • Analyze data to provide insights into charges across various types of payments
  • Simplify and accelerate reconciliation of transactions through financial reporting
  • E-commerce integrations: Shopify, BigCommerce, WooCommerce
Related articles:   Hybrid App VS Native App VS Web-Based App - What's For You?


When it comes to the best Singapore payment service provider, PayPal is a great choice offering both recurring and one-time payment options to customers. It has long been the leader in offering fast and secure transactions for many enterprises until today. Whether you run an online store with shoppers from Singapore or abroad, PayPal can help boost the credibility of your store and improve lead conversions.

Free Trail

Main features

  • Transaction fee: 3.9% + SGD$0.50 (domestic sales) and 4.4% + fixed fee (international sales)
  • No setup or monthly costs
  • Accept payments via PayPal, debit cards, and credit cards (Mastercard, Visa, American Express, etc.)
  • Manage risks: built-in support of two-factor authentication provided by cards, protect transactions through 24/7 fraud monitoring, seller protection for PayPal payments
  • Offer analytics & reporting of sales performance and dispute resolutions
  • E-commerce integrations: Shopify, BigCommerce, WooCommerce


Another Singapore payment gateway that is worth noticing is Adyen. This is a global multichannel payment service provider that allows retailers to accept and provide payments globally. Though Adyen is targeted at fast-growing enterprises, it is still an ideal option for entrepreneurs and startups.

Main features

  • Offer a variety of payment methods globally
  • Use data and machine learning to optimize payment for more sales
  • Use a data-driven approach to prevent fraud with a distinctive risk management engine
  • Offer data-rich insights from all channels and locations


eNETS is also known to be one of the leading and most trusted payment gateways in Singapore. What makes eNETS stand out from others is that money will be credited directly into your bank account. If your business model requires direct debit support, you’ll want to go with eNETS since it is the only payment gateway in Singapore to support this kind of payment.

Related articles:   The benefits of Commercetools omnichannel solution for eCommerce businesses

Main features

  • Transaction fee: 3.4% + SGD$0.50 (eNETS Credit), 3.5% or SGD$1.50 (eNETS IDD) and 0.8% (NETS QR Online)
  • Monthly fees required; setup fees required and varies 
  • Accept payments via debit cards, credit cards, and direct debit
  • Have 3D secure verified by Visa, American Express, and MasterCard SecureCode
  • Easy integration with bilingual customer support

Final thoughts

Choosing the right payment gateway option is essential to e-commerce retailers as it is one of the most crucial steps in every customer journey. We hope that this article has given you a great overview of the 5 best Singapore payment gateways that will significantly boost your online business.

Feel free to share your thoughts in the comments below!

Write a comment
Your email address will not be published. Required fields are marked *