11 Best Hong Kong Payment Gateways for Businesses in 2024

Hong Kong Payment Gateway

It’s no secret that online payment solutions are essential to the success of any modern business. Hong Kong being the business hub of Asia, offers significant opportunities for businesses looking to expand in the country and the rest of the region.

Are you looking for different options to collect and send payments through a payment gateway? We’ve put together a list of the top 11 payment gateways that businesses in Hong Kong can use.

What is a Payment Gateway?

To put it simply, a payment gateway is like a middleman that connects businesses and customers, allowing businesses to accept online payments securely. A payment gateway encrypts sensitive information, such as credit card numbers, to ensure secure transactions.

It’s important for business owners to offer a variety of payment options to their customers to remain competitive in the market. With a range of options, customers have more flexibility in doing business with you, increasing the chances of a sale.

11 Best Hong Kong Payment Gateways

Stripe

Hong Kong Payment Gateway

Stripe is one of the popular payment gateways used by businesses globally. With its easy integration process and simple user interface, Stripe is a top choice for businesses in Hong Kong. Stripe is also known for its strong security measures, making it a trusted payment solution for both customers and businesses. Especially for small business owners, Stripe offers an easy way to process payments, allowing SMEs to customise their customers’ checkout experience and providing extensive point-of-sale (POS) tools.

Features

Fees

Disclaimer: Please note that the fees associated with these payment gateways are subject to change and may vary based on several factors, including your transaction volume and the specific services you utilise. We highly recommend contacting the payment gateway directly or visiting their official website to obtain the most current and accurate rate information.

Pros

Cons

PayPal

PayPal is a payment processing solution used by millions of e-commerce businesses, including those in Hong Kong, to facilitate transactions. One of its key advantages is its versatility, making it accessible and easily integrated for businesses of any size. Over the years, PayPal has gained a reputation as a trustworthy and reliable payment processing company. This is due to its advanced security measures, such as strong data encryption and real-time monitoring, as well as its buyer and seller protection policies.

Features

Fees

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Cons

Braintree

Braintree Payment Solutions is an online payment gateway that allows businesses to accept payments on their apps or websites. Braintree is one of the most used providers in the eCommerce and mobile processing industries due to its simple and easy-to-use interface. Being part of the PayPal family, Braintree now shares both the strengths and weaknesses of the PayPal ecosystem.

Features

Fees

Third-Party Merchant Account Fees

Pros

Cons

Adyen

Adyen is a global payment company that allows businesses to accept, process, and settle payments in multiple currencies. They offer a contemporary, complete infrastructure that links directly to Visa, Mastercard, and globally preferred payment methods of consumers, Adyen ensures smooth transactions across online, mobile, and in-store platforms.

Features

Fees

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Cons

Alipay

Alipay is one of the largest 3rd party mobile and online payment platforms. Its popularity in Hong Kong is attributed to its strong connection with the vast Chinese consumer market. Additionally, the platform offers and provides a seamless checkout experience for customers. Alipay is a widely used payment method in China, so it is an advantageous option for businesses with Chinese clients or partners.

Features

Fees

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Cons

WeChat Pay

WeChat Pay is a hugely popular mobile payment method in China and is owned by the Chinese tech giant Tencent. It offers a secure and seamless payment process through WeChat’s in-app payment feature, making it convenient for both customers and businesses. WeChat Pay is widely accepted in Hong Kong, offering businesses a great option for serving Chinese customers.

Features

Fees

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Cons

AsiaPay

AsiaPay is a company in Hong Kong that offers adaptable electronic payment solutions to banks, businesses, organisations, charities, and merchants globally. They comprehend the specific payment requirements of your group and customers, delivering dependable solutions to enhance customer experiences and boost business productivity and growth.

Features

Fees

AsiaPay utilises a pricing model comprising a setup fee, monthly fee, transaction fee, and percentage. For comprehensive pricing details, reach out to the company directly.

Pros

Cons

Eway

Based in Australia, Eway is another popular payment gateway used by businesses in Hong Kong since 2009. It offers a range of features and tools for businesses to manage online transactions, including recurring billing, fraud protection, and easy integration.

Features

Fees

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Cons

JETCO Pay

JETCO Pay is a Hong Kong-based payment gateway that supports various payment methods, including credit cards, mobile wallets, and various online banking options. Its wide range of payment options makes it a preferred choice for businesses operating in Hong Kong. JETCO Pay also offers a secure and efficient payment process, making it a popular option for local businesses.

Features

Fees

For comprehensive JETCO Pay pricing details, reach out to the company directly.

Pros

Cons

Octopus App for Business

Octopus is another popular payment platform in Hong Kong, first introduced in 1997 as a contactless smart card used for public transportation. It has since expanded to include a wide range of payment options such as online B2B payments, retail purchases, and even donations.

Features

Fees

Pros

Cons

Checkout.com

Checkout.com is a top provider of global online payment solutions, using its own technology to handle every part of the payment process. They support 150+ currencies and allow businesses to accept various international cards and local payments through one setup.

Features

Fees

To get personalised flat-rate details for your business, reach out to Checkout.com directly.

Pros

Cons

Ready to Choose Your Best Hong Kong Payment Gateway?

Now that you’ve learned about the top payment gateways in Hong Kong, it’s time to choose the one that best fits the needs of your business. Ultimately, the right payment gateway for you depends on your business model, transaction volume, and target audience. Consider factors such as transaction fees, multi-currency support, and integration options when choosing a payment gateway.

With the right payment solution, you can make your business process seamless and secure. One payment gateway that offers all of these features and more is DSGPay. Our platform is designed to make the payment process easy and efficient for businesses of all sizes. DSGPay offers competitive transaction fees, multicurrency support, and seamless integration with a variety of platforms. With top-notch security and excellent customer support, DSGPay is another potential option for your business.

Whichever payment gateway you choose, make sure it aligns with your business goals and provides a smooth payment experience for your customers. Good luck and happy processing!