Electronic payment methods in the UK .. Full guide 2023
Paypal is one of the first names that the user thinks of when choosing an electronic payment method in Britain. The number of Paypal users in Britain is more than 20 million customers each year, and there are 7 million companies around the world that use the Paypal electronic payment system. Paypal allows customers to pay directly through their PayPal account, via a mobile phone, and has a simple and easy to use system. The monthly payment fee in PayPal is £20 per month.
Stripe electronic payment system
Stripe is the most popular online payment platform due to its integrity and pricing transparency. The payment fee is 1.4% + 20 pence for European cards and 2.9% + 20 pence for non-European cards. With no monthly or hidden fees, Stripe is more competitive compared to other European credit cards. It also requires a certain degree of technical knowledge to handle it.
SagePay electronic payment company
SagePay is a top rated payment processing company in the UK, as it offers various electronic payment processing solutions for both e-business and regular business. There are 55,000 companies around the world that use SagePay services, and they offer fixed monthly fees for many of their services without any transaction fees. SagePay has a simple operating system that requires little technical knowledge to get started. SagePay has an amazing rating on Trustpilot of 9.7 out of 10.
Electronic payment company Klarna
Klarna is one of the Swedish fintech companies that have changed the way of electronic payment for businesses. It is the preferred payment method for all the shops created using the EKM platform. According to the EKM website, the Klarna payment gateway fee is:
- “Startup” transaction fee 2.49%
- ‘Incremental’ transaction fee 2.19%
- “Existing” transaction fee 1.99%
- There are no setup or monthly fees.
