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Interested to know how to accept payments from your customer online using a trusted online payment gateway in Bangladesh. Yes, it is true that the trend in online sales worldwide is increasing. But from Bangladesh, even if you have the opportunity to buy online using some bank cards by paying a small annual fee, it is relatively expensive to accept payments directly from your website's customer. In today's article, I will explain all the contemporary solutions to such a topic.

What is a payment gateway?

Payment Gateway is a merchant service provided by an e-commerce application service provider that uses e-business owners or online retailers, to sell their products online.

That is, an online business owner has to accept only the online payment gateway service instead of having an account with several banks. Rather, the payment gateway service provider will send all your money to a specified bank account.

Recommended Post: USD Payment System in Bangladesh

Why Do Bangladeshi Face Problems With Online Transactions?

As Bangladesh continues to grow as a developing country, many are more prone to smuggling money abroad. So even though PayPal is supposed to come a few times in Bangladesh, unfortunately, the use of the PayPal online payment gateway is prohibited because of the regulatory guideline of "Bangladesh Bank"

Currently, PayPal Xoom services are available in Bangladesh, which is used to send money to Bangladesh, but no one will be able to send money abroad.

Available International Online Payment Gateway

We know that the whole world has already transformed into a virtual world. People, institutions, and organizations are all conducting their work online. Therefore, if you want to sell any product to an international customer through the website, you can use the following popular online payment gateway in Bangladesh:

  • 2Checkout: One of the most popular services used to sell through the website. 2Checkout is PCI Level 1 certified, which can be used for the highest level of any company. Provides enhanced fraud protection using over 300 fraud rules. They also have a three-level defense strategy to detect fraud in real-time. Also, if your website is built using WordPress CMS, 2Checkout will require this Bangladesh payment gateway WordPress plugin to integrate. 

On the other hand, the popular easy web builder Shopify supports (Coinbase Commerce, BitPay) two other international online payment gateway in Bangladesh but they accept digital currency Bitcoin. According to the Bangladesh Bank's Foreign Exchange Regulation Act, 1947 and Money Laundering Prevention Act, 2012, the use of Bitcoin is not legal. In 2014, Bangladesh Bank first issued a "warning" against the use of Bitcoin.

Online Payment Gateway List in Bangladesh

Already some online payment gateway in Bangladesh is ready to provide their services. But there is considerable doubt about all such online payment gateway services that how long they will survive or able to manage their services properly, except for 1/2 services.

However, the following are the online payment gateway list in Bangladesh in order of consideration of the trustworthiness aspects.
  1. PortWallet: Provides the most secure and reliable payment processing solution for merchants. It's designed to work seamlessly with your website, with pre-built API. At present, they have become acquainted with some of the most reputed organizations in the country for their service.
  2. SSLCOMMERZ: This is the first payment gateway in Bangladesh that opens the door for entrepreneurs to make money online through the online store. It provides various integrated CMS modules like WordPress, Magento, etc. But their signup fee, annual fee, etc. are comparatively more expensive than the international online payment gateway, which has already begun to be used in Bangladesh.
  3. aamarPay: The most affordable online payment gateway in Bangladesh that will give you a good experience in leading a startup e-commerce business. This service also supports all types of online payment method in Bangladesh.
  4. iPay: First online payment platform with an E-wallet in Bangladesh that provides real cashless Fin-Tech experience. It gives you the freedom to open e-wallet using a mobile number or email account. You can add money with your bank accounts or by using Debit or Credit cards. This e-wallet balance can be used to purchase goods & services from both physical and online shops. You can also send money or transfer the balance to each other and recharge mobile.iPay has introduced QR code-based payment for the first time in Bangladesh. Every transaction is secured with PIN along with two-factor authentication.
  5. Walletmix: is another online payment gateway in Bangladesh. They provide expert e-commerce advice, simple integration, a wide range of integrated shopping carts also.
  6. ShurjoPay: is an Online Payment Gateway API of shurjoMukhi Limited. If you have a product/service which you want to sell to the whole world through the internet then Sharpay is the tool that will bring money from your customers to you for your product/service.
  7. EasyPayWay: is an online payment gateway for Bangladesh Market. They enable eCommerce businesses to process debit and credit cards online quickly and securely!

Please Note: It would be a good decision for new entrepreneurs not to use such services in the initial stages.

Why Deshi Websites Don't Use Online Payment Gateway?

  1. Since the interest of online shopping among the people of the city of Bangladesh has been increasing at a tremendous rate. That is why online payment gateway is constantly appearing in Bangladesh. But, the number of users is relatively very low due to the high cost of Sign Up Fee. 
  2. Due to unfamiliarity within Bangladesh and around the world, almost all customers may not provide their credit card credentials to the online payment gateway in Bangladesh for security concerns.
  3. Another reason is that there is a widespread use of "Cash on Delivery" and mobile banking services available in Bangladesh. Rocket payment gateway and bKash online payment gateway are more common among mobile banking services. However, this does not apply to all types of websites or accepting payments from international buyers.

Online Payment Gateway Price in Bangladesh

In the beginning, you have to pay around 20,000 BDT to connect with them. However, if you are tempted to use any other eCommerce website owner, then they will offer you a discount of 10,000 BDT or partial discount and they will keep such price discount issues secret.

Subsequently, each transaction charges around 2.5% - 3%, which is similar to all other local or international online payment gateway.

Take the WalletMix pricing image as an example.


For SSLCommerz, Signup fee and all other hidden charges are almost the same, but they report after contact.

How people shop from the native eCommerce site!

With the exception of 2/3 cases, you can buy any product from any eCommerce website online using all the bank cards or mobile banking services available in Bangladesh.



In this case, since the purchase is made using BDT, there is no compulsory obligation on the maximum cost.

How to Pay Online International Payment From Bangladesh?

There are many ways to make online international payments using USD from Bangladesh. In addition to the American Express Credit Card, some banks have credit cards, where you can convert your money to USD. Similarly, USD Visa and Master prepaid cards are also used to make online international payments. But for all kinds of international payment, passport endorsement has to be made.

According to the rules of Bangladesh Bank, now a Bangladeshi Credit Cardholder can spend $300 on each transaction which was previously only $100. Annual travel quota is $5000 for SAARC countries and $7000 for non-SAARC countries.

Eventually

This information regarding the online payment gateway in Bangladesh is able to answer all your questions. However, if you want to know anything more specific, please let us know in the comment box below.
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