15 Best Payment Gateways for SaaS Businesses

Looking for a payment solution for your SaaS businesses?

A payment gateway provides a hassle-free way to collect recurring payments from customers.

It’s easy to set up, and you can integrate it into your website or software to run the transactions on autopilot.

What Is A Payment Gateway, And What Platforms Are Best For SaaS Businesses?

A payment gateway is an online financial service that allows sellers to accept payments from credit cards, digital wallets, and direct transfers.

It acts as a middleman between a seller and buyer, helping you handle your domestic and international transactions online.

The great thing about today’s payment gateways is that they do more than just process payments.

You can automate the billing, manage subscriptions, and even track key metrics directly from the platform.

Top Features to Look For In A Payment Gateway For SaaS

• Automated recurring billing.
• Fraud protection.
• Global reach.
• Integrations.

Here, I have reviewed the 15 best payment gateways for SaaS (software as a service) businesses. I have covered a diverse range of tools to share different payment solutions.

1. Stripe

Stripe is a global financial service company. It helps you send and receive money in 135+ countries.

Stripe is popular for its smooth checkout experience, accessibility, and developer tools.

Through this platform, you can build a subscription-based payment workflow for your SaaS business and set it on autopilot. 

You’ll have the flexibility to create a usage-based or fixed pricing model. Using developer tools, you can integrate Stripe into your business website.

For upgrades or cancellations, you can set a trigger in your payment workflows. Stripe handles the failed payment recovery and sends alerts whenever a customer makes any changes.

An online portal is available for customers. You can let your users manage their subscriptions online.

Core Features

• Recurring billing.
• Flexible pricing models.
• Cancellations and upgrades.
• Dunning.
• Automation.
• Reminders.
• Online portal.
• API and integration.
• Global reach.

Price

Creating an account on Stripe is free. It charges transaction fees.

2. PayPal

PayPal is globally recognized for its fast payment solutions. It’s one of the oldest financial services and a preferred payment channel for many e-commerce businesses.

PayPal also supports SaaS models, allowing you to set up recurring billing workflows.

You can create different tiers, set cycle frequency, and add trial periods. Once you have activated the option, you can integrate PayPal into your website or generate a payment link for customers.

Overall, you can build a proper recurring billing system with PayPal.

Core Features

• Global payments.
• Recurring billing.
• Invoicing.
• Trial periods.
• Cycle frequency.
• Fraud prevention.
• Mobile payments.
• API and Integration.

Price

You can create a free account on PayPal. It earns from transaction fees.

3. LemonSqueezy

LemonSqueezy is a sister company of Stripe. It’s a merchant of record that’s exclusively designed for SaaS businesses.

The platform allows you to set up a full-fledged recurring billing system. Whether it’s trials, refunds, fraud protection, or payment recovery, you can pretty much manage the usual workflows through LemonSqueezy.

The best thing about LemonSqueezy is that it oversees your tax workflows on your behalf. You can collect payments from 135+ countries and let the platform handle the compliance side of things.

LemonSqueezy also helps you manage license keys. You can issue and deactivate license keys for your software.

You’ll get some marketing tools as well, like emails, lead magnets, bundles, and discounts.

Core Features

• Merchant of record.
• Global payment gateway.
• Recurring billing.
• Upgrades, cancellations, and payment recoveries.
• Discounts, bundles, and trials.
• Fraud prevention.
• Tax management.
• License key generation.
• Marketing tools.
• Reporting.
• API and integration.

Price

You can get started on LemonSqueezy for free. It charges separately for add-on services.

You can check out the list here.

4. Paddle

Paddle delivers a robust billing system for SaaS businesses. You can use it to integrate a checkout page into your website and manage cross-border recurring payments.

Some of its notable features include invoicing, subscription management, multi-currency transactions, and fraud protection. Paddle can handle tax collection and filing on your behalf.

You can build flexible subscription-based pricing models and offer over 20 payment options to customers. You’ll have the flexibility to provide discounts, include add-ons, set up a failed recovery workflow, and more.

Paddle also lets you pause and reactivate your subscriptions.

A reporting section is built into the system to monitor your customers and sales. You receive data in real-time and can download the reports. 

Core Features

• International payment gateway.
• Recurring billing.
• Subscription management.
• Flexible payments.
• Tax and compliance.
• Fraud protection.
• Real-time reporting.
• API and integration.

Price

Paddle charges 5% + 50¢ transaction fee. You can customize and scale your package.

5. GoCardless

GoCardless is built for bank-to-bank transactions. It’s perfect for businesses that manage recurring billing.

You can use GoCardless for both one-off and subscription payments. The platform supports international payments and provides a checkout workflow.

You can connect GoCardless to your website for subscriptions or generate recurring invoices; it’s up to you. You can manage everything via the main dashboard.

Core Features

• Payment gateways for SaaS.
• One-off and recurring billing.
• Customer verification.
• Failed recovery and refunds.
• Fraud protection.
• Global reach.
• Custom branding.
• API and integration.

Price

Setting up an account on GoCardless is free. You’ll be charged a transaction fee per sale.

6. Gumroad

Gumroad isn’t traditionally a payment gateway, but it’s an excellent tool to set up your subscription payment processes.

The platform is specifically best for startups with a simple workflow. You can build a basic checkout page and collect recurring payments from customers. 

You can add monthly, quarterly, and yearly cycles and generate license keys for your software. You can also let Gumroad manage your taxes.

Most entrepreneurs use Gumroad to handle payments for digital products, memberships, and subscriptions.

Core Features

• Subscription billing.
• Custom frequency.
• Check out the page.
• License key.
• Tax management.
• Global reach.
• Integration.

Price

Gumroad charges 10% + $0.50 per transaction.

7. Adyen

Ayden sells a range of payment solutions to entrepreneurs. You can use it to handle online and offline payments, create flexible workflows, and process transactions securely.

Ayden also supports SaaS businesses. You can create a sign-up process, verify users, set up a recurring billing system, and handle failed recoveries.

Plus, you can add fraud protection to detect unusual activities.

You can embed Ayden into your website and process both domestic and international bills. It’s easy to use and delivers flexible payment options.

Core Features

• Subscription payments.
• Fraud detection.
• User verification.
• Failed recovery.
• Insights.
• Flexible payments.
• Integration.

Price

Ayden charges a $0.13 processing fee plus your preferred payment method charges. You can see the rates here.

8. Checkout

Checkout is a global payment processor. 

Via this platform, you can set up recurring billing workflows and provide a secure payment gateway to your customers.

Top notable features of Checkout are domestic and international payments, automation, fraud protection, and renewals. You can add multiple payment methods for user convenience and manage subscriptions with ease.

Checkout also allows you to create a hosted checkout page or integrate a payment system into your website. The product is developer-friendly and can be tailored.

Core Features

• Custom payment solutions.
• Recurring billing.
• Fraud protection.
• Automation.
• Subscription management.
• Embedding into the website.
• Hosted page.
• Flexible payments.
• Global reach.
• Reporting.

Price

Checkout shares prices on request. Reach out to sales for details.

9. BlueSnap

BlueSnap is built for businesses. It lets you embed a payment gateway into your website and process recurring payments.

You can create custom subscriptions, offer flexible payments to users, and add auto-retries to recover failed payments. You can also automate the renewals and apply discounts when needed.

BlueSnap provides both domestic and global solutions, allowing you to scale your system with your business.

Developer tools are also built into the system to help you customize your workflows. You can create your own billing system and connect your ERP to sync the transaction data.

Core Features

• Subscription management.
• Flexible payments.
• Auto-payments and renewals.
• Failed recovery.
• Customization.
• Global reach.
• Integration.

Price

BlueSnap shares prices on request. Contact sales for more details.

10. WorldPay

WorldPay provides you with everything you need to set up a payment gateway for your SaaS business.

You can create a custom subscription model and add custom branding to personalize it. 

With WorldPay’s developer tools, you can embed a secure payment workflow into your software.

Both independent and dependent solutions are available on WorldPay. You can either let the in-house team handle some of the tasks or manage things at your side; it’s up to you.

Core Features

• Subscription billing.
• Custom solutions.
• White labeling.
• Risk management.
• Embedding into the software.
• Managed services.
• Reporting.

Price

WorldPlay shares prices on request. Book a demo to explore it.

11. Mollie

Mollie is widely popular on the European side. It delivers a wide range of payment products and an embedded payment solution for SaaS businesses.

The product works like WorldPlay. You can incorporate a payment gateway directly into your software and set up a recurring billing system. 

You can add flexible payment options and scale your workflows as needed. 

Disputes, refunds, and chargebacks are automated, and you can also protect yourself from potential fraud.

Core Features

• Embedded payment gateway.
• SaaS payment solutions for European countries.
• Recurring billing.
• Flexible payments.
• Chargebacks, refunds, and disputes.
• Fraud protection.
• Cross-border payments.
• Customization.
• Reporting.
• Integration.

Price

Mollie prices vary by payment method. Check out the website to learn more.

12. NowPayments

NowPayments is a crypto payment platform. It allows you to offer a crypto payment gateway to customers and automate recurring payments.

You can create a custom pricing structure and manage your customers’ billings directly from the platform. NowPayments accepts over 300 currencies and automatically settles amounts.

Widgets and buttons are available for integration. You can also customize the look with your brand theme,

Core Features

• Cryptocurrency payment gateway.
• Recurring billing.
• Automation.
• 300 currencies.
• Buttons and widgets.
• White labeling.
• Security.
• Dashboard.
• Integration.

Price

NowPayments charges a fixed transaction fee. Contact sales for details.

13. Recurly

If you are looking for a comprehensive subscription management system with an integrated payment system, Recurly is ideal for you.

It gives you tools to build a flexible pricing structure for your SaaS business and set it on autopilot.

You can manage both automated and manual billing through Recurly and experiment with as many pricing models as you want. Recurly provides multi-payment gateways and protection against potential fraud.

Subscriber management, revenue recovery, and analytics are all part of the package. You’ll get built-in dashboards to monitor activities and an API to customize your workflows.

Core Features

• Recurring billing.
• Manual and automated processes.
• Flexible pricing models.
• Revenue recovery.
• Fraud protection.
• Subscription management.
• Reporting.
• API.
• Global reach.

Price

Recurly shares prices on request. Book a demo to know more.

14. Chargebee

Chargebee is a good alternative to Recurly.

It provides AI-powered automation tools to set up a recurring billing system for a SaaS business.

The platform covers everything from a usage-based pricing system and automated billing to revenue recovery and fraud protection. You’ll get over 30 payment methods and can offer flexible options for your customers.

Reporting and integration are included in the package. You can connect Chargebee with third-party applications, like QuickBooks, and monitor activities.

Core Features

• Recurring billing.
• Revenue recovery.
• Flexible pricing models.
• Fraud protection.
• Flexible payments.
• AI and automation.
• Reporting
• Integration.

Price

You can try Chargebee for free. Its premium packages start at $100 per month.

15. Verifone

Verifone offers a global payment processor for recurring payments. It operates in 200+ countries and accepts all major payment methods.

You can integrate Verifone into your website and add your custom branding to match your site’s theme. You’ll get all subscription management tools with a built-in revenue recovery feature.

For monitoring, Verifone has a reporting section. You can keep an eye on your subscribers, revenues, renewals, and churn rate.

Core Features

• Recurring billing.
• Subscription management.
• Flexible payments.
• Revenue recovery.
• White labeling.
• Multilingual.
• Reporting.
• Integration.

Price

Verifone charges 3.5% + 0.35 per transaction. You can sign up for free.

Conclusion

A payment gateway is a convenient billing solution.

It gives not only a secure way to collect payments from customers but also takes care of other tasks, such as retries and refunds.

Go ahead and explore the above-listed tools. They are all solid platforms with flexible payment features. Good luck!