Top 8 Payment Gateways in the Czech Republic that Your Business Needs to Know

If you're a business operating in the Czech Republic or have plans to expand there, it's crucial to provide a seamless payment experience for your customers. This means offering popular payment methods, personalized checkout processes, and ensuring secure and fast payments.

But how can you achieve the above? Well, that's where payment gateways come in. Payment gateways allow businesses to accept, process, and manage payments and ultimately offer a seamless payment experience to customers.

This blog will discuss the top 8 payment gateways in the Czech Republic and a guide to help you choose the best one for your business. This way, you can make the right choice, cater to your customer's needs, and enjoy a competitive advantage.

Payment Landscape in the Czech Republic

The Czech Republic's payment system has become increasingly digital over the past few years. While Czechia is one of the most prominent countries in Europe where cash payments are popular, customers are slowly transitioning to contactless payments (credit cards, online banking, and more).

All this is happening because of the massive growth of the eCommerce sector. More and more customers are buying online and opting for online payments. As the eCommerce industry advances, online payments will only become more popular.

To facilitate customers' present and upcoming needs in Czechia, you must integrate suitable payment gateways and offer the best payment options. But which payment gateway is the most reliable? Let's find out.

Factors to Consider When Looking for a Payment Gateway in the Czech Republic

Currencies Supported 

In addition to supporting the Czech Koruna, your payment gateway must support multiple other currencies. The more currencies the gateway supports easier it becomes for you to expand in numerous geographies.

Payment Methods

Always consider payment methods when looking for payment gateways. This is because customers have different preferences when it comes to buying online. And if the gateway doesn't offer customers' preferred payment methods, they might abandon the cart, which is unsuitable for your business.

So, ensure your payment gateway offers all popular payment methods, such as Google Pay, Apple Pay, bank transfers, etc.

Supports Integrations

Integrations with other apps and tools are often a feature many payment gateways offer. Using these integrations, you can easily integrate the gateway with your website and automate tasks such as reconciliation. This way, you can make your operations more efficient.

Security

One thing you should never compromise on is the security. After all, customers prefer purchasing from a vendor that offers secure transactions.

So, ensure the payment gateway you're considering is PCI-DSS certified and complies with security guidelines. Also, the gateway shouldn't have had any involvement in data breaches in the past. In addition, it should come with fraud prevention tools to deal with any potential fraud.

Pricing and Fees

Different payment gateways offer different pricing and fees. So, ask for the pricing details from the payment gateway explicitly. Here's what you need to be clear about: 

• Integration charges
• Transaction fee
• Monthly or annual fee
• Chargeback fee
• Hidden Charges
• Conversion Fee

Once you have all the details, calculate the average transaction fee and decide.

Reliability

Your payment gateway will help you accept and manage payments for your business. Therefore, you need to ensure it's reliable in all aspects. You can look for a few things to check if the payment gateway is reliable.

For instance: 

• Your payment gateway should have suitable customer reviews. Customer support should be prompt and easy to approach.
• The service uptime must be high to reduce payment declines.
• The success rate needs to be high.
  
  

Top 8 Payment Gateway in the Czech Republic

Here are the top payment gateways in Czechia you can rely on: 

1. Braintree

With 20+ years of experience in offering online payments, Braintree is a reliable payment gateway for businesses in the Czech Republic. It supports all major debit and credit card brands along with digital wallets such as Google Pay and Apple Pay to cater to the needs of a maximum number of customers.

Pricing and Other Fees:

• Setup Fee: None
• Monthly Fee: None
• Annual Fee: N/A
• Charges on Refunds: N/A
• The commission per transaction: 1,9% + €0,30

Accepted Payment Methods:

• Credit/Debit Cards: All popular credit and debit card brands are supported
• Other methods: Wallets such as Google Pay and Apple Pay are supported

Supported Currencies: It supports all major currencies.

Approvals and Onboarding Time: N/A.

eCommerce Platform Integration: Integrates with numerous platforms, including:

• 3dcart
• Yodle
• BigCommerce
  
  

2. Checkout

2Checkout is yet another popular payment gateway in Czechia. It supports 45+ payment methods globally, including all major credit and debit card brands and other payment methods such as bank transfers and Neteller.

Pricing and Other Fees:

• Setup Fee: Free
• Annual Fee: N/A
• Monthly Fee: None
• Charges on Refunds: N/A
• The commission per transaction: 3.5% + $0.35 for every transaction.

Accepted Payment Methods:

• Credit/Debit Cards: All popular credit and debit card brands are supported.
• Other methods: Skrill, PO, PayPal. Neteller and more.

Supported Currencies: It supports 100+ currencies.

Approvals and Onboarding Time: N/A.

eCommerce Platform Integration: Integrates with numerous platforms, including:

• WooCommerce
• Shopify
• BigCommerce

Also Read: Top 12 Payment Gateways in Germany that you Need to Know

3. Checkout.com

Checkout is a global payment gateway you can use in Czechia. It comes with fraud detection tools and offers numerous payment methods allowing you to deliver a personalized checkout experience to your customers.

Pricing and Other Fees:

• Annual Fee: None
• Setup Fee: None
• Monthly Fee: None
• Charges on Refunds: N/A
• The commission per transaction: N/A

Accepted Payment Methods:

• Credit/Debit Cards: All major card brands are supported. 
• Other methods: Supports digital wallets such as Apple Pay and PayPal.

Supported Currencies: It supports 150+ currencies.

Approvals and Onboarding Time: N/A.

eCommerce Platform Integration: Offers integration with a range of eCommerce platforms, including: 

• Shopify 
• SAP Commerce Cloud
  
  

4. Authorize.net

Authorize.net is an ideal payment gateway for businesses that wish to expand globally. With numerous payment options, merchants can cater to customers' needs from multiple geographies, including Czechia. Here are the additional features it offers:

Pricing and Other Fees:

• Setup Fee: None
• Monthly fee: $25
• Annual Fee: N/A
• Charges on Refunds: N/A
• Transaction charges: 2.9% + 30¢

Accepted Payment Methods: 

• Credit/Debit Cards: Supports all major card brands.
• Other methods: Supports Apple Pay, PayPal, eCheck, and more.

Supported Currencies: It supports all major currencies.

Approvals and Onboarding Time: N/A.

eCommerce Platform Integration: Offers integration with a range of platforms, including:

• Magento
• BigCommerce
• WooCommerce
  
  

5. Adyen

Adyen is an end-to-end payment solution that allows you to accept in-person and online payments. It comes with effective fraud prevention and analytics tools. This way, you can offer secure payments and make data-driven decisions respectively. Here are some key highlights about Adyen:

Pricing and Other Fees:

• Setup Fee: None
• Annual Fee: N/A
• Monthly Fee: None
• Refund Fee: Depends on the payment method used.
• The commission per transaction: €0.11 per transaction + a variable payment method fee. 

Accepted Payment Methods:

• Credit/Debit Cards: Major debit and credit card brands are supported.
• Other methods: Other methods include online banking and PayPal.

Supported Currencies: It supports all major currencies.

Approvals and Onboarding Time: N/A.

eCommerce Platform Integration: Offers integration with major eCommerce and CRM platforms, including:

• Big Commerce
• Vue Storefront
• WooCommerce
  
  

6. Revolut

Another payment gateway you can rely on is Revolut. It comes with different integration options allowing you to offer a great customer experience. Here are some key highlights: 

Pricing and Other Fees:

• Setup Fee: N/A
• Charges on Refunds: N/A
• Monthly Fee: N/A
• The commission per transaction: 1% + Kč 6 for European cards and 2.8% + Kč 6 for global and commercial cards

Accepted Payment Methods:

• Credit/Debit Cards: Major cards are supported.

Supported Currencies: It supports all major currencies.

Approvals and Onboarding Time: N/A.

eCommerce Platform Integration: Offers integration with major eCommerce and CRM platforms such as:

• Magento
• OpenCart
• WooCommerce
  
  

7. Monei

Monei is a popular payment gateway in Europe and Czechia. It offers a 95% acceptance rate, a customizable checkout page, and numerous payment methods. Here are some highlights about MONEI:

Pricing and Other Fees:

• Setup Fee: Free
• Daily fee: €0.10 
• Charges on Refunds: €17.00/chargeback
• The commission per transaction: 0.15% to 1.19% + €0.24*
• Interchange Fee: 0.1% for Visa, Diners Club International, Mastercard, and Discover cards.

Accepted Payment Methods:

• Credit/Debit Cards: Major cards are supported.  
• Other methods: Supports alternative payment methods such as Apple Pay, Google Pay, PayPal, and more.

Supported Currencies: It supports all major currencies.

Approvals and Onboarding Time: N/A.

eCommerce Platform Integration: Offers integration with major platforms, including:

• Shopify
• Magento
  
  

8. Rapyd

Several businesses in the Czech Republic rely on Rapyd to accept payments online. It's easy to integrate and offers numerous tools you can leverage to provide a seamless payment experience. Here are the key highlights of this gateway: 

Pricing and Other Fees:

• Charges on Refunds: N/A
• Setup Fee: N/A
• Monthly or annual Fee: N/A
• The commission per transaction: 1.2% + €.25 for European cards and 2.9% + €.30 for non-European cards.

Accepted Payment Methods:

• Credit/Debit Cards: Major cards are supported.
• Other methods: Wallets such as Google Pay, Apple Pay, and PayPal are supported.

Supported Currencies: It supports all major currencies.

Approvals and Onboarding Time: N/A.

eCommerce Platform Integration: Offers integration with major eCommerce and CRM platforms such as:

• Magento
• WooCommerce 
• Wix
  
  

Local Payment Gateways and the Rising Complexities for the Businesses

Relying on a local payment gateway can be problematic for merchants.

For instance, if the payment gateway hikes its pricing/fee, you'll have no option but to pay and let your business suffer if there's downtime. Moreover, your ability to expand as a business is also limited as a local gateway supports only so many payment methods/currencies/geographies. 

So, what should a business do then? Integrate multiple payment gateways. Not one by one but by integrating a payment aggregator like inai. Here's how inai can help.

How Can inai Help You Integrate Multiple Payment Gateways in the Czech Republic?

inai is a payment aggregation platform with tie-ups with 30+ payment gateways collectively offering 300+ payment methods. Using inai, you can integrate multiple payment gateways with the flick of a button and offer as many payment methods as you like. This way, business expansion becomes a breeze.

As you have access to multiple gateways, you're not at the mercy of anyone. If a gateway charges a higher fee or fails to process transactions, you can route transactions via another option and keep your business running.