Top 9 Payment Gateways in Ireland That You Need to Know

Digging deeper into the heart of modern eCommerce and mCommerce, an essential component emerges in payment gateway solutions. 

For any eCommerce business in Ireland to function, they require a payment solution that allows customers to conduct transactions seamlessly. But, the question that frequently stumps these businesses is which payment solution to integrate when there are so many options. 

Payment Solution Landscape in Ireland

The Irish eCommerce landscape has undergone a massive evolution since the pre-pandemic days. Rapid technological advances, transitions in customer preferences, and burgeoning competition from new names in the payment gateway industry have bolstered online retail in the country.

Irish consumers are increasingly and understandably gravitating toward transaction systems that are more accessible, frictionless, and fast. 

Ireland has exhibited some of the fastest consumer adoption rates for contactless and mobile payments, mobile banking, and the adoption of online commerce in general. Ireland's consumers have also depicted a readiness and willing attitude among consumers when it comes to dipping their toes in new technology. 

The country witnessed record monthly contactless volumes in May 2022, with 93.7 million transactions. 

As such, nine payment gateway brands are making headlines for enabling easy mobile payments in the Irish eCommerce/mCommerce domains. But which one should your brand use?

Criteria to Look Out for Payment Gateways in Ireland

Opting for a payment gateway solution is not a snap decision that businesses get to undertake every day. There are several factors that companies in Ireland must take into account before integrating and regularizing a payment gateway solution. 

Reliability

Reliability is an integral factor in finalizing a suitable payment gateway solution is its reliability. Without the safety and security of financial transactions, it becomes difficult for customers to trust your brand. Hence, selecting a payment gateway system that offers a reliable service is crucial for completing the buyer journey and enhancing brand trustworthiness. 

Supported Currencies

The second factor is the different types of supported currencies. Unless the payment gateway supports transactions in various local and international currencies, you will miss out on a sizeable portion of your conversion targets.

Payment Options

Thirdly, businesses in Ireland must consider the range of payment options supported by the payment gateway. Payment gateways that support diverse payment options stand to gain more traction in the market. 

Market Integrations 

Firms must quickly integrate with new markets for an effective omnichannel conversion strategy in modern eCommerce. The most technologically advanced payment gateway companies can enable seamless interfaces with more recent marketplaces.

Security

Businesses must comply with and support payment systems that provide several levels of security in a world where the overall cost of eCommerce fraud will reach $206.8 billion in 2023. Also, this promotes consumer confidence in the brand.

Pricing and Other Fees

The "cost of doing business" is the last consideration to make. Setting up fees, transaction fees, and commissions are charged by payment gateway services. As a company's activities scale, a lower service fee means a lower business cost.

With these points in mind, businesses in Ireland can select any one of the following nine payment gateways for eCommerce in Ireland.

Top 9 Payment Gateways for Businesses in Ireland

1.  2Checkout

2Checkout is one of the most widely used payment gateway choices, as it has established itself as a globally-trusted name in the financial sector, with over 20,000 brands spread across 211 countries. 

The online payment gateway provides several benefits, including globalized payment facilitation, digital commerce, subscription billing, tax, financial services, risk management and compliance, multilingual support, and more.

Pricing and Other Fees:

Setup fee: Free

Annual Fee: None

Monthly fee: None

Charges on refunds: Information Available on request

Commission per transaction: Businesses can choose from one of the following plans:

o   2Checkout 2 SELL: 3.5% + $0.35 per successful sale.

o   2Checkout 2 SUBSCRIBE: 4.5% + $0.45 per successful sale.

o   2Checkout 2 MONETIZE: 6% + $0.60 per successful sale. 

Accepted Payment Methods:

Credit/Debit cards: 

• American Express
• Discover
• JCB
• MasterCard
• Neteller
• PayPal
• P.O.
• Skrill 
• Visa

Other accepted payments: 

• Apple Pay, 
• Google Pay, 
• AliPay, and 
• OPay

Supported Currencies: 2Checkout supports 87 major currencies.

Approvals and Onboarding Time: Information Available on request

eCommerce Platform Integration: All major e-commerce CMS platforms.

2. Rapyd

Irish businesses can integrate payment systems into their website or application using the Rapyd API. Online stores can accept payments via cards and a wide range of local payment alternatives in more than 100 countries with Rapyd Collect, a platform for worldwide payment processing. 

In contrast to traditional payment systems, Rapyd’s customizable REST API, cloud-based infrastructure, and microservices design enable organizations to scale effortlessly.

Pricing and Other Fees:

Setup fee: Free

Annual Fee: None

Monthly fee: None

Charges on refunds: $25.00

Commission per transaction: 

• European Cards- 0.25 EUR; 
• All types (including non-European Cards)- 0.30 EUR; Domestic Cards- 0.10 GBP; European Cards- 0.10 GBP; 
• All types (including non-European Cards)- 0.10 GBP; European Cards- 15 ISK; International Cards- 15 ISK 

Accepted Payment Methods:

Credit/Debit cards: Visa and MasterCard (Card Payments, Card Payment With 3DS Verification, Card on File, Card on File With 3DS Verification, Card to Card Payments)

Other accepted payments: Bank redirect, and eWallets

Supported Currencies: 25 different major currencies

Approvals and Onboarding Time: Complete the KYB application to activate your Rapyd account. 

eCommerce Platform Integration: 

• Ecwid, 
• Magento, 
• Prestashop, 
• Shopify, 
• Wix, 
• WooCommerce

3. Adyen

Adyen is an omnichannel payment processing business that offers businesses different payment methods on a single platform. It is primarily a payment gateway service with point-of-sale systems that allow in-person transactions. It also features integrations for in-app or mobile payments.

Pricing and Other Fees:

Setup fee: Free

Annual Fee: N/A

Monthly fee: N/A

Charges on refunds: N/A

Commission per transaction: 

• 2.59% plus 49 cents for credit cards, debit cards, and digital wallets. 

• 3.49% plus 49 cents for Venmo (U.S. only), transactions in non-U.S. currency, or transactions outside the U.S. 
• 0.75% for ACH (maximum fee of $5). Discounts are available for enterprise businesses.

Accepted Payment Methods:

Credit/Debit cards: Visa and MasterCard

Other accepted payments: 

• ACH Direct Debit 
• Affirm
• PayPal
• Afterpay
• Zip
• American Express
• Apple Pay 
• Google Pay
• Samsung Pa 
• Diners Club 
• Discover
• Google Pay 
• JCB
• Klarna
• Paysafecard
• UnionPay

Supported Currencies: Adyen supports 30+ major currencies.

Approvals and Onboarding Time: Within minutes

eCommerce Platform Integration: 

• Shopware, 
• Magento, 
• Prestashop, 
• Salesforce, 
• Oracle, 
• BigCommerce
  
  

4. Braintree

Braintree is the only payment gateway in Ireland that enables companies to contact customers and increase conversions across different payment methods. 

These include Venmo (U.S.), PayPal, credit and debit cards, and eWallets like Google Pay and Apple Pay. Braintree helps reduce transaction risks and protects payment information.

Pricing and Other Fees:

Setup fee: Free

Annual Fee: None

Monthly fee: None

Charges on refunds: There are no extra charges.

Commission per transaction: 

o   Cards and wallets: 2.59% + $0.49 per transaction.

o   PayPal: The transaction cost is subject to the terms of your account.

o   Venmo: 3.49% + $0.49 per transaction.

o   ACH Direct Debit: 0.75% per transaction.

Accepted Payment Methods:

• Credit/Debit cards:

• Visa
• MasterCard 
• American Express 
• Maestro
• Diners 
• Discover 
• JCB, and 
• UnionPay

Other accepted payments: 

• Apple Pay
• Google Pay
• Venmo
• Bancontact
• BLIK
• iDeal
• eps
• GiroPay
• MyBank 
• Trustly
• Sofort
• P24
• PayPal

Supported Currencies: 45 currencies.

Approvals and Onboarding Time: Immediate use after approval; there might be some exceptional cases where the usage time is higher. 

5. Checkout.com

Checkout.com offers a veritable “full stack” of payment options to companies in Ireland. The highly customizable payment gateway allows businesses to scale and transact at breakneck rates. 

Several global consumer brands rely on it, and given its modular integration technology, businesses can quickly integrate a seamless, feature-rich payment system. 

When addressing scalability and regulatory difficulties, Checkout.com’s local staff offers additional support to businesses.

Pricing and Other Fees:

Setup fee: Free

Annual Fee: None

Monthly fee: None

Charges on refunds: Information Available on request

Commission per transaction:  0.95% plus $0.20 for European cards and 2.90% plus $0.20 for non-European cards.

Accepted Payment Methods:

Credit/Debit cards: Visa and MasterCard

Other accepted payments: Apple Pay, PayPal, and Alipay.

Supported Currencies: Checkout supports all major currencies.

Approvals and Onboarding Time: Information Available on request

eCommerce Platform Integration: 

• Astound Commerce
• WooCommerce
• Shopify
• Cabiri
  
  

6. Authorize.net

Authorize.Net, a payment gateway service provider, allows businesses to accept credit card and electronic cheque payments via their website and over an I.P. connection. 

Customers can enter their credit card and shipping information immediately on a website. The platform differs from other solutions requiring customers to sign up for a payment provider before purchasing.

Pricing and Other Fees:

Setup fee: Free

Annual Fee: None

Monthly fee: $25 

Charges on refunds: Information Available on request

Commission per transaction: 2.9% + 30¢ (all-in-one option); 10¢ (payment gateway only) 

Accepted Payment Methods:

Credit/Debit cards: Visa and MasterCard

Other accepted payments: 

• Discover, 
• American Express, 
• JCB, 
• PayPal, 
• Apple Pay, 
• eCheck

Supported Currencies: USD, CAD, CHF, DKK, EUR, GBP, NOK, PLN, SEK, AUD, NZD, USD

Approvals and Onboarding Time: 2 business days

eCommerce Platform Integration: 

• Magento
• Moolah
• eBay 
• Surveymonkey
• Shopify
  
  

7. Stripe

The Stripe API package facilitates online payment processing and commerce solutions for various online businesses. Thousands of companies use Stripe’s software and APIs, from start-ups to established enterprises, to process payments, distribute payouts, and manage their online operations

Pricing and Other Fees:

Setup fee: Free (Pay-as-you-go)  

Annual Fee: None

Monthly fee: None

Charges on refunds: Information Available on request

Commission per transaction: 2.9% + 30 cents per transaction

Accepted Payment Methods:

Credit/Debit cards: Visa and MasterCard

Other accepted payments: 

• Alipay
• Apple Pay
• Google Pay 

Supported Currencies: Stripe supports 135+ significant currencies.

Approvals and Onboarding Time: 7 days

eCommerce Platform Integration: 

• WooCommerce, 
• Shopify, and other leading CMSs.
  
  

8. Skrill

Skrill, an online payment service provider, enables international money transfers and easy-to-make, affordable payments. 

Skrill's ever-expanding customer base makes it an excellent option for making money transfers in and around Europe. The company has a base in London and serves roughly 120,000 customers in more than 30 countries.

Pricing and Other Fees:

Setup fee: Free

Annual Fee: None

Monthly fee: None

Charges on refunds: 0.49 EUR per transaction

Commission per transaction: 0.9% on Debit Card/Prepaid Card/Credit Card (VISA, Mastercard, Maestro), and 0.5% on Rapid Transfer transactions.

Accepted Payment Methods:

• Credit/Debit cards: Visa, Maestro, and MasterCard.
• Other accepted payments: Sofort, giropay, and Neteller.

Supported Currencies: Skrill accepts payments in 40+ different currencies.

Approvals and Onboarding Time: As soon as registration is approved.

eCommerce Platform Integration: 

• Shopify, 
• WooCommerce,
• Wix
  
  

9. Revolut

Revolut is a virtual alternative to traditional banking; it allows you to have an online account and a corresponding debit card. It offers a variety of economical solutions.

Peer-to-peer payments, GBP and EUR bank accounts, debit cards, currency exchange, stock trading, and cryptocurrency exchange are just a few of the financial services available with Revolut.

Pricing and Other Fees:

Setup fee: Free first, with chargeable ‘Grow’, Scale’, and ‘Enterprise’ plans per your requirement.

Annual Fee: None

Monthly fee: None

Charges on refunds: Information Available on request

Commission per transaction: 1% + £0.20

Accepted Payment Methods:

Credit/Debit cards: Visa and MasterCard

Other accepted payments: 

Supported Currencies: You can accept payments in more than 150 significant currencies.

Approvals and Onboarding Time: Information Available on request

eCommerce Platform Integration:

• WooCommerce (WordPress)
• Prestashop (both 1.6 and 1.7)
• Magento 2
• BigCommerce
• OpenCart
• Shopify

Local Payment Gateways and the Rising Complexities for the Businesses

The digital payments sector is transforming the online payment activity landscape to become more user-centric than ever. Facilities such as overlay services, contextual payments, offline payments, and concealed payments that rose to the occasion during the pandemic are now offered extensively by digital payment gateways. 

Businesses in Ireland have noted a definite uptick among customers who prefer to pay for everyday necessities via UPI transactions. To improve the user experience for consumers and merchants alike, Irish businesses are looking for an option that permits the integration of multiple payment gateways.

This is where inai steps in, with its no-code, utilitarian approach. It is a one-stop payment gateway integration solution offering end-to-end digital transaction facilitation and bookkeeping.

How Can inai Help You Integrate Multiple Payment Gateway Integrations in Ireland?

inai offers unparalleled service as a one-stop FinTech service. It allows businesses to facilitate over 300+ local and international payment methods. Our foremost advantage is our global reach, as your business can reap several benefits to attain a leg-up over your competitors.

We serve as a one-stop shop for eCommerce businesses in Ireland that wish to cater to local and international consumers. Subsequently, since we are a payment aggregation platform, you can enhance your business decisions with our analytical reports on conversion and market reach.

We offer businesses various additional advantages, such as:

• Our local checkout facility is tailor-made for online stores because customers can transact in their native currency.
• Our refund management requirements align with brands through highly customizable dashboards.
• Our platform features in-built enterprise-grade security that meets PCI-DSS and GDPR standards.

inai serves MSMEs to enterprise-scale grade businesses by offering a hassle-free transaction experience.