8 Best Payment Gateways in the Philippines

With the Philippine e-commerce market projected to grow from US$37.68 billion in 2024 to US$61.41 billion by 2028, choosing the right payment gateway in the Philippines for your business in today’s digital landscape is more important than ever. As the Philippines sees continued growth in e-commerce and online financial activities, businesses of all sizes need a reliable, secure, and user-friendly payment solution to meet customer expectations and drive sales.

With so many options available, it can be challenging to determine which payment gateway best suits your business needs. Factors like transaction fees, ease of integration, payment method compatibility, and security features all come into play when making this decision.

We’re here to help you find the most suitable payment gateway with our comprehensive guide, including the top 8 payment gateways in the Philippines.

Quick Overview for Best Payment Gateways in the Philippines

1. Dragon Pay

Focusing on providing more flexible payment options, Dragonpay was founded in 2010 to address the growing needs of both consumers and businesses. It offers unbanked individuals a convenient way to transact while giving merchants, retailers, and organisations a secure payment processing platform. Today, Dragonpay serves businesses of all sizes with a wide range of secure payment solutions.

Pros

• Secured platform
• Compatible with all major cards (Mastercard, VISA)
• Supports leading e-wallets and digital banks in the Philippines
• Allows on-the-counter payments via banks and convenience stores
• Easy integration into websites by development teams

Cons

• Performance lags at times
• UI requires improvement

Features

• Supports major banks like BDO, BPI, Metrobank, and RCBC
• Allows cash payments via 7-Eleven, Bayad Center, and SM Payment Counters
• Accepts e-wallets like GCash, Maya, and PayPal
• Processes credit card payments with Xendit, BPI, and Metrobank
• Offers instalment options through Billease, Cashalo, and Tendopay
• Supports cryptocurrency payments like Bitcoin and Ethereum

Pricing

• Online Banking: Php 10
• Over-the-Counter: Php 15
• Payment Centers: Php 20
• E-Wallets: Fees vary (2.0% – 2.5%)
• Credit Cards: Fees vary (3.5% + Php 10.00)
• Cryptocurrency Payments: Php 10
• Installments: 2%
• 7-Eleven Payments: Php 15-20
• Recurring Payments: Php 20
• Mass Payouts: Php 15-20

2. PayMongo

PayMongo is one of the leading payment gateways in the Philippines, and it provides businesses with an easy and secure way to accept online payments. Founded in 2019, PayMongo offers a suite of payment solutions that allow merchants to accept payments from credit and debit cards, e-wallets, online banking, and over-the-counter payment channels. Its seamless integration options and developer-friendly APIs enable businesses to set up and manage their payment systems quickly.

Pros

• Flexible payment options supporting credit/debit cards, e-wallets, and over-the-counter payments
• Supports various payment methods, including credit/debit cards, GCash, and 7-Eleven payments
• Simple integration with websites and apps through their API
• Accessible to small businesses with minimal requirements

Cons

• Application processing can be delayed at times
• Customer support responses may take longer than anticipated
• Payment processing can occasionally encounter issues

Features

• One-time payment links
• Customizable checkout pages
• Payments for e-commerce builder
• Payments for any website or app
• E-wallets: GCash, Maya, GrabPay, Coins.ph
• Buy Now, Pay Later
• Atome & BillEase
• Cards: Visa & Mastercard
• Cashless transfers via QR code (QR Ph)
• Manage finances (Wallets)
• Flexible financing (Capital)

Pricing

• Cards (Local): 3.5% + Php 15
• Cards (International): 4.5% + Php 15
• Instalments: 4.0-12.0%
• E-wallets: 2.0-2.5%
• Online Banking: 0.8% or Php 15
• QR Ph: 1.5%
• Buy Now, Pay Later: 1.5%
• Over-the-Counter Disbursement: Fixed fee per transaction

3. PayPal

PayPal is one of the world’s most trusted and convenient ways to send and receive money online. Founded in 1998, PayPal has become one of the most trusted and widely used digital payment systems worldwide, enabling transactions in multiple currencies and across borders. It supports a variety of payment methods, including credit and debit cards, bank transfers, and PayPal balances, making it easy for users to make purchases, transfer funds, or pay for services.

Pros

• Trusted globally, ensuring wide acceptance by merchants and customers alike
• Comprehensive features for managing checkout transactions
• High-level security measures protect confidential information
• Easy-to-use interface with minimal setup time for both buyers and sellers

Cons

• Transaction and currency conversion fees can be high
• High-risk industries may face account freezes and fund holds
• Not accepted by all merchants

Features

• Online Checkout
• Installment Payments
• Invoicing
• POS System
• Global Payment Processing
• Accept PayPal
• Offer Pay Later
• Guest Checkout
• Accept Venmo
• Payment Methods (various options)
• In-Person Payments

Pricing

• PayPal Checkout: 3.49% + fixed fee
• PayPal Guest Checkout: 3.49% + fixed fee
• QR Code Transactions: 2.29% + fixed fee
• QR Code Transactions via Third Party Integrator: 2.29% + 0.09 USD
• Pay with Venmo: 3.49% + fixed fee
• Send/Receive Money for Goods and Services: 2.99%
• Standard Credit and Debit Card Payments: 2.99% + fixed fee
• All Other Commercial Transactions: 3.49% + fixed fee

4. D24

D24 is one of the leading global payment service providers focused on emerging markets. D24 gives businesses access to a wide array of payment methods, from cash and credit cards to online banking and localised solutions, all supported in local currencies. By offering over 200 payment options through a streamlined API integration, D24 is an excellent choice for companies seeking to expand and simplify transactions in emerging markets. This makes it a go-to solution for businesses looking to expand their reach and streamline transactions in developing regions.

Pros

• Supports 200+ local payment methods (cards, bank transfers, cash).
• Single API integration for pay-ins and pay-outs.
• Broad global reach, ideal for emerging markets.
• Offers flexible solutions like instalments and recurring payments.

Cons

• Focused primarily on emerging markets, limited in developed regions
• May be complex for small businesses to navigate
• Possible variation in fees for different transaction types
  
  

Features

• Instalments
• Recurrent Payments
• Split Payments
• Plugins
• Payouts in multiple currencies
• QuickPay for faster checkout
• Payment Links for collecting payments without a website
• Platform Integration Tools
• International and Local Settlements

Pricing

• Online Banking: 2 – 3.5%
• E-Wallets: 2.5 – 4%
• Credit Cards (Global): 3.5% + $0.30
• Over-the-Counter: 3.0% + Php 20
• Setup Fee: Custom ($500-1,000+)

5. Rapyd

Rapyd is an international fintech company offering businesses comprehensive payment solutions, enabling them to accept, process, and disburse payments in local currencies across various markets. With a vast network of local and international payment methods, including cards, bank transfers, e-wallets, and cash, Rapyd simplifies cross-border transactions. Their platform offers seamless API integration, empowering businesses to scale globally while managing complex payment processes efficiently. Rapyd’s solutions are designed to meet the needs of modern businesses, ensuring secure, fast, and flexible payments across multiple regions.

Pros

• Efficient payment platform with seamless integration
• Supports multiple payment methods and digital transfers
• User-friendly interface for easy processing
• Fast international, multi-currency transactions

Cons

• Relies on a network of retailers for payment coordination
• Potential settlement delays, especially cross-border

Features

• Accept Payments Online
• Send Payouts
• Issue Cards
• Global Accounts
• Card Acquiring
• Cross-Border Payments
• Embedded FintechMulti-Currency
• Business Account
• Virtual Accounts

Pricing

• Credit/Debit Cards (Local): 2.8% + Php 15
• Credit/Debit Cards (International): 3.8% + Php 15
• E-Wallets: 2.5 – 3%
• Online Banking: 1.5 – 2%

6. dLocal

dLocal is a global payment service provider that specialises in bridging the gap between international businesses and emerging markets. With a focus on Africa, Asia, and Latin America, dLocal offers a range of payment solutions designed to meet the unique needs of these high-growth regions. Their platform supports over 900 local payment methods, allowing businesses to process payments and disburse funds with ease through a single API integration. With a customer-centric approach, global expertise, and a commitment to innovation, dLocal helps businesses expand their reach by simplifying complex cross-border payment processes.

Pros

• Seamless all-in-one payment solution for emerging markets
• Supports multi-currency payouts, improving payment processes
• Easy integration for handling payins and payouts
• Real-time monitoring and chargeback management
• Accepts local currencies with over 900 payment methods

Cons

• Requires technical expertise for API integration
• Managing multiple currencies may add operational complexity

Features

• Payins in local currencies globally
• Payouts in multiple currencies
• API integration for platforms
• Invoice Collection

Pricing

• Credit/Debit Cards (Local): 2.99 – 4.5%
• Credit/Debit Cards (International): 4.99 – 7%
• E-Wallets: 2.5 – 4.5%
• Bank Transfers: 1.5 – 2.5%
• Chargeback Fee: $10 – $15

7. GCash

As one of the premier mobile payment services in the Philippines, GCash delivers a broad array of financial solutions to make transactions easier and more convenient for its users. Owned by Globe Fintech Innovations, Inc. (Mynt) and operated by its subsidiary G-Xchange, Inc., GCash allows users to pay bills, send money, purchase goods, invest, save, and even get insurance through a single app. It also offers QR code payments and integration with major merchants and sellers across the country.

Pros

• Accepted by many businesses for both local and international purchases
• Convenient for online purchases, bill payments, and loading accounts
• QR code payments for easy, fast transactions
• Manage all financial transactions in one app

Cons

• Limited customer service access
• Unclear transfer limits
• Occasional bugs with fund transfers
• ₱20 fee for cash-outs over ₱1,000

Features

• Online Bill Payment
• Online Money Transfers
• Buy Now, Pay Later
• Virtual Pay

Pricing

• QR Ph (Standard): 1.5 – 2%
• QR Ph (Micro-merchants): 0% (Waived)
• Credit/Debit Cards: 3.2% (MDR)
• Online Checkout: 2 – 2.5%

8. Adyen

As a major player in the global payment industry, Adyen is a payment platform serving businesses with a unified solution to accept payments online, in-app, and in-store. Known for its seamless integration and ability to process payments in over 200 countries, Adyen offers various of payment methods, including credit cards, bank transfers, and local payment options. By offering real-time data insights, fraud prevention tools, and a scalable infrastructure, Adyen helps businesses of all sizes optimise their payment processes and improve customer experiences across channels.

Pros

• Trusted by many leading global brands
• Simple, user-friendly interface
• Supports global and local payment methods
• Flexible in adapting to changing business environments

Cons

• Delays in payment processing at times
• Lengthy onboarding process for developers.

Features

• Online Payments
• In-person Payments
• Embedded Payments
• Business Accounts
• Physical and Virtual Card
• Real-time Global Payouts

Pricing

• Fixed Processing Fee: $0.13 (approx. Php 7.50)
• Credit/Debit (Local): Interchange++ + 0.60%
• Credit/Debit (International): Interchange++ + 1.20%
• GCash: 3.2% + $0.13
• GrabPay: 2.2% + $0.13
• Maya: 2.0% + $0.13
• OTC (7-Eleven): 1% + Php 32.00 + $0.13
• Online Banking: 1 – 1.5%

How to Choose the Right Payment Gateways in the Philippines

Selecting the best payment gateway in the Philippines for your business involves considering various factors to meet both your operational requirements and the expectations of your customers. Here are the key elements to keep in mind when choosing a payment gateway:

1. Payment Methods Supported
   Ensure the gateway supports a variety of payment methods, such as credit/debit cards, e-wallets (like GCash or Maya), online banking, and over-the-counter payments. Having multiple options can improve customer convenience and sales.
2. Transaction Fees
   Each gateway has different fee structures, including processing fees and payment method fees. Compare these costs based on the volume of transactions you expect and the payment methods your customers prefer.
3. Ease of Integration
   Consider how easy it is to integrate the payment gateway with your existing website, mobile app, or point-of-sale systems. Some gateways offer simple API integrations, while others might require more technical expertise.
4. Security and Fraud Protection
   Look for gateways that offer robust security features like encryption, tokenisation, and fraud detection. High security is critical for protecting customer data and building trust.

Consider DSGPay for Reliable and Convenient Payment Solutions

Having learned about all the best payment gateways in the Philippines and how to choose your most suitable one, consider DSGPay as your trusted partner for seamless transactions. With competitive pricing, diverse payment options, and easy integration, DSGPay simplifies the payment process, helping your business thrive in today’s fast-paced digital landscape. Explore DSGPay and take your payment solutions to the next level.

The Advantages of Using DSGPay for PHP Payments

• Open a Named Virtual Account: Whether you run an online store or manage remote teams, access a PHP virtual account without needing to be physically present in the Philippines.
• Multi-Currency Capabilities: Use virtual accounts that function like local accounts in the Philippines and overseas, supporting 30+ currencies including PHP, USD, GBP, HKD, and more.
• Seamless Local Collections & Payouts: Collect customer payments and make local disbursements with real-time transaction tracking and competitive FX fees.
• Secure, Scalable, and Compliant: Designed with enterprise-level security standards to support growth with confidence.

Take the next step towards efficient and secure transactions by partnering with DSGPay. We’re here to make payments smoother, faster, and more reliable, helping your business succeed in every transaction.