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24 Apr

Top Payment Gateway for Websites in Singapore 2023

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When choosing a payment gateway, it's important to consider factors such as the fees charged, ease of use, and security features. It's also a good idea to check whether the payment gateway supports the payment methods that your customers prefer.

What is an e-commerce payment gateway?

A payment gateway is an e-commerce application that connects a merchant's website with the payment processor to enable secure online transactions. Payment gateways offer a range of features and services, such as:

  1. Payment processing: Payment gateways securely process online payments through a variety of payment methods, including credit and debit cards, digital wallets, and bank transfers.

  2. Fraud detection and prevention: Payment gateways use various fraud detection and prevention tools to protect businesses and customers from fraudulent transactions.

  3. Recurring billing: Payment gateways allow businesses to set up recurring payments for subscriptions, memberships, and other recurring services.

  4. Multi-currency support: Payment gateways can support multiple currencies and enable businesses to accept payments from customers around the world.

  5. Integration with shopping carts and other software: Payment gateways integrate with shopping carts, accounting software, and other e-commerce applications to simplify the payment process for businesses and customers.

  6. Security: Payment gateways use various security measures, such as encryption and tokenization, to protect payment data from theft and fraud.

  7. Customer support: Payment gateways offer customer support to merchants and customers to help resolve any payment-related issues.

When a customer makes a payment on a website, the payment gateway securely captures and encrypts the payment data and sends it to the payment processor for processing. Once the payment is approved or declined by the payment processor, the payment gateway sends the result back to the merchant's website. There are many payment gateways available for websites, but here are some of the most popular ones:

1. Red Dot Payment


As the digital counterpart to point-of-sales terminals in physical stores, RDP Connect is the easiest way to make payment online. Red Dot Payment integrates seamlessly with Magento, WooCommerce, Prestashop and Joomla.

With Red Dot Payment Gateway services, you will be able to:

  • Collect your payments immediately
  • Connect seamlessly to international card schemes like Visa, Mastercard etc
  • Convert your website to an online shop with efficient service
  • Create a smooth payment experience for your customers

Transaction Fees:

Service Charge per trans (Credit Card) Charge per trans (eNets)
Red Dot Payment 3% + SGD 0.3 ~ 2.8% + SGD 0.3


2. Omise

Omise payment

Omise first launch back in Thailand in 2015. They have expanded their geographic reach to Japan, Singapore, Malaysia, Indonesia, the Philippines, Vietnam, and are working to expand globally. Their pioneer online payment solutions that offer users with the necessary tools to run an online business, accept payments, and connect them with millions of customers. The team provides end-to-end solutions to help merchants embed finance in their own ecosystem.

Transaction Fees:

For each transaction, Omise charge a fixed processing fee + a fee determined by the payment method.

Payment method Transaction Fee
VISA (Credit and Debit card) 3.30% + 0.30 SGD
PayNow 1.00% + 0.15 SGD
OCBC Pay Anyone 1.00% + 0.15 SGD
Alipay 2.90% + 0.15 SGD
Alipay HK 2.90% + 0.15 SGD
Google Pay 3.30% + 0.30 SGD
Kakao Pay 2.90% + 0.15 SGD
Touch 'n Go 2.90% + 0.15 SGD
GCash 2.90% + 0.15 SGD
Dana 2.90% + 0.15 SGD


3. Grabpay

GrabPay is a digital wallet and payment service by Grab. It allows users to store money and make payments for services like ride-hailing, food delivery, and online shopping. Users can top up their balance through various payment methods and earn rewards points. The GrabPay Card is a virtual prepaid card for purchases at merchants who do not accept GrabPay directly. It is a convenient and secure way to make payments both within and outside the Grab app.

Transaction Fees:

Service Local fee per transaction Foreign fee per transaction
Grabpay 1% + 8% GST fee 2%


4. Ois Bizcraft

OIS Bizcraft is an Information Technology & Payment Solution provider, focusing on secured end to end solutions. Their in-depth knowledge and comprehensive experience gives OIS Bizcraft the capability and competence to enable frictionless digitalization & payment solutions by bridging the benefits from various technologies & financial services. Ois Bizcraft are the global leader in omni-channel payment technologies and the preferred partner for clients' business solutions.

Transaction Fees:

Contact Ois Bizcraft to ensure your business transition can be carried out cost effectively with minimal disruptions to business operations.


5. PayPal

PayPal is a widely used payment gateway that allows users to send and receive payments online. It offers multiple payment options including credit card payments, PayPal balance transfers, and more. PayPal charges a fee per transaction, and the fee varies based on the currency and the location of the buyer and seller.

Transaction Fees:

Service Local fee per transaction Foreign fee per transaction
PayPal 3.9% + $0.50 4.4% + Fixed Fee of international sale


6. Stripe

Stripe is a popular payment gateway that allows businesses to accept payments from customers online. It offers a range of features including support for multiple currencies, recurring billing, and easy integration with various platforms. Stripe charges a fee per transaction, and the fee is a percentage of the transaction amount.

Transaction Fees:

Service Local fee per transaction Foreign fee per transaction
PayPal 3.9% + $0.50 4.4% + Fixed Fee of international sale


7. Braintree

Braintree is a payment gateway service by PayPal that offers businesses a range of features including multi-currency support, recurring billing, and mobile payments. Braintree's payment gateway is mostly suited for e-commerce stores and stores which require less checkout page customisation. Braintree charges a fee per transaction, and the fee is a percentage of the transaction amount.

Transaction Fees:

Service Local fee per transaction PayPal Rate
PayPal 3.9% + $0.50 Determine By PayPal


8. 2Checkout:

2Checkout is a payment gateway that enables businesses to accept payments from customers around the world in multiple currencies. Whether you have a conventional e-commerce store, a subscription store or selling digital products, 2Checkout can support your business. 2Checkout charges a fee per transaction, and the fee is a percentage of the transaction amount.

Transction Fees:

PayPal 3.5% + 0.30 EUR 4.5% + 0.40 EUR 6.0% + 0.50 EUR


9. eNets

eNets is one of Singapore's pioneer payment gateways in Singapore. Other than accepting payments by credit cards and debit cards, eNETS also offers merchants the option of accepting payments via direct debit. If your business model requires direct debit support, you'll want to go with eNETS as it is the only payment gateway in Singapore to support this payment method.

Transction Fees:

Service Transaction Fees via credit cards, debit cards and direct debit
eNets 3.4% + S$0.50



10. HitPay

HitPay is an emerging payment gateway in Singapore. If you want to offer more local payment options like PayNow, HitPay can provide your store with a unique payment solution. On top of a larger number of payment options, it offers one of the most competitive payment gateway rates in Singapore. HitPay is suitable for small businesses selling online, or multi-channel.

Transaction Fees:

Service PayNow Domestic Sales International Sales AliPay and Wechat Pay
HitPay 0.80% + $0.30 2.9% + S$0.60 3.65% + S$0.50 2.7% + S$0.35



Why is choosing the correct payment gateway important for your business?

Choosing the correct payment gateway is important because it directly affects the security of the payment process, the user experience, the compatibility with the website and platform, the fees, and the available features.

Oasis team consists of experts in various fields, including project management, technology, and business strategy. This diversity of skills allows them to provide comprehensive solutions that are both innovative and practical to suit your business needs. With a good understanding of you industry, let team oasis guide you to the correct payment gateway to further streamline and enchance your business.

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