E-commerce payment gateway

E-commerce payment Gateway

E-commerce payments have become easier with the growth of some of the greatest payment gateways. The financial technology sector has become one of the fastest growing sectors in tech since 2008. This was mainly due to the rising commercial ties between countries. As we become more globalized there is also the need to design more efficient payment methods. In e-commerce one payment gateway that has stood out from the crowd is Stripe. Although most e-commerce platforms such as Shopify and woo-commerce have got native payment gateways there is still the need for more personalized payment methods.

Stripe Payment gateway

The stripe payment gateway has some form of popularity. It is used on some of the world’s most popular sites such as Lyft and target. The reason why stripe has become a major player in the online e-commerce market is that it is easy to use. The platform is also available for use on the Shopify and woo-commerce platforms. Due to the fact that Shopify and woo-commerce are the largest platforms in the e-commerce segment, this makes Stripe leverage the payment gateway. The payment platform has advanced development.

Cryptocurrency use and payment gateway companies

Most tech-savvy individuals will not deny that for once in their lives they have used bitcoin to make a transaction online. In the years 2017 Bitcoin become one of the most popular payment methods on the internet accounting for more than 100 million transactions. Most payment gateway companies wanted to take advantage of this bitcoin mania so they included the cryptocurrency as a payment method. Most e-commerce entrepreneurs have leveraged the popularity of crypto-currencies by using them as a payment method. This, in turn, has forced payment gateway companies to include the currency.