The e-commerce sales channel has grown exponentially, and the number of payment gateways in the U.S. market has followed the demand. Many are fintechs that began in the last 10 years, while others are found within legacy merchant acquirers, processors, card networks, and issuers.
BOSTON (PRWEB) October 22, 2020
The good news for online merchants, large and small, is that they have a wide choice among payment gateway vendors in the U.S. market. This bodes well for businesses who gain negotiating power as they deal with many gateways competing to offer the best array of online payment services. A downside for merchants is that the gateways have a propensity to check the same boxes of online payment acceptance features in marketing their services. So, distinguishing among a list of gateway vendors can become a tedious exercise for many merchants. A new research report from Mercator Advisory Group, Crowded Payment Gateway Landscape Offers Much To Online Merchants, Part 2: U.S. Market Company Profiles, features U.S. market payment gateways and provides a process and decision making criteria for merchants to use in a payment gateway selection.
“The e-commerce sales channel has grown exponentially, and the number of payment gateways in the U.S. market has followed the demand. Many are fintechs that began in the last 10 years, while others are found within legacy merchant acquirers, processors, card networks, and issuers. Further, new entrants are coming into the market via the start-up route or from overseas competitors. Online merchants are winners in that they have never had such a large choice of vendors to choose from. But many merchants find the selection process among payment gateways to be daunting,” commented Raymond Pucci, Director, Merchant Services Practice at Mercator Advisory Group, the author of this report.
Highlights of this research report include:
- Key findings summary from prequel Gateway Report Part 1
- E-commerce sales surge data that drives payment gateway competition
- Specific vectors for merchants to use in assessing payment gateways
- Process for merchants in payment gateway selection
- Profiles of 24 U.S. market payment gateway vendors
This report is 18 pages long and has 4 exhibits.
Companies and other organizations mentioned in this report: 2Checkout, ACI Worldwide, Adyen, Authorize.Net, Bambora, Bank of America, BigCommerce, BlueSnap, Bolt, Braintree, CardPointe, Chargebacks911, Checkout.com, Clover, Converge, Cybersource, Elevon, First Data Payment Gateway, FIS, Fiserv, Global Payments, Ingenico, JPMorgan Chase, Kount, NCR Payments, NMI, OLB Group, PayPal, Paysafe, Shopify, Spreedly, Stripe, WePay, TSYS, US Bank, Verifone, Visa, Worldline, Worldpay from FIS
Members of Mercator Advisory Group’s Merchant Services continuous advisory practice have access to this report as well as the upcoming research for the year ahead, presentations, analyst access, and other membership benefits.
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About Mercator Advisory Group
Mercator Advisory Group is the leading independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs. Our clients range from the world's largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal PaymentsJournal.com.