Top 10 Best Payment Gateways in Sri Lanka
Get complete information on the best payment gateway service providers in Sri Lanka.
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| Payment Gateway | Sampath | Seylan | Commercial | HNB | PayHere | WEBXPAY | 2Checkout | BitPay | Genie | mCash |
| Setup Fee (LKR) | 15,000 | 20,000 | 15,000 | 15,000-25,000 | None | 15,000 | None | none | none | none |
| Recurring fee (LKR/annum) | 75,000 | 30,000 | 36,000 | 60,000-108,000 | 39/transaction (basic) | 35,880 (plus) | 119,880 (premium) | 21,600 – 47,880 | None (pay as you go model) | none | none | none |
| Commission per transaction | 3% – 5% | 4% | 2.5 – 3% | 4% | 3.9%, 2.99% or 2.9% | 2.5% – 3% upwards | 3.5% + $0.35 | 4.5% + $0.45 | 6.0% + $0.60 | 1% | 1.50% | 1% |
| Payment methods accepted | All local and international Master or Visa Credit & Debit Cards | Master, Visa and other cards | all major credit and debit cards. | international debit, credit, Visa and MasterCard | Visa, MasterCard, American Express, Discover, Diners Club, Genie, Frimi, eZcash, mCash, Sampath Vishwa | Visa, MasterCard, American Express, Discover, eZcash, mCash, Virtual Wallet, Sampath Vishwa | Almost all credit and debit cards, internet banking | all major credit and debit cards. | Any VISA/ Mastercard -Credit/ Debit Card, Savings/Current Account, Mobile Money | All major cards, internet banking, mobile sms, wallet |
| Fraud & Risk management | Yes | Yes | Advanced | Yes | Yes | Yes | Yes | Yes | Yes | Average |
| International currencies accepted | USD, LKR, EUR, etc. | multi-currency transactions | multi-currency transactions | LKR, USD, EUR, GBP | LKR, USD, GBP, EUR, AUD | All Major Currencies | Over 200 currencies | 12 Currencies, Cryptocurrency | 12 currencies | LKR, USD, GBP, EUR, AUD, INR |
| Set up type | Online | Online | Online | Online | Online | Online | Online | Online | Online | Online |
| Onboarding & Approvals time | 1-2 week | 4-5 days | 2-4 days | Less than 1 week | 1 week | 2-4 days | 2 days | 1-2 days | 1 week | 3 days |
| Recurring Billing | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No | No |
| Charges on Refunds | – | – | – | – | No extra charges | 150 per transaction | No extra charges | Minor | Minor | No Extra charges |
| SDK Stacks | PHP4 / PHP5 , ASP / ASP. Net , JSP , JAVA | Javascript, Mobile for Android and IoS | Java, ASP.net, Php | Javascript, Mobile for Android and IoS | Php | Java, Ruby, .net, C#, Python | Java, PhP, Node.js, C#.net, Ruby, Python, .net | .net C Sharp, Java, Php | C#, Python, Php, Java | |
| Settlement time | Less than 2 days | 1 day | 1 day | 1day | 2 days | 1 Day | 1 Day | 2 days | Less than 2 days | 2 days |
| Payouts support | No | No | Yes | No | Yes | Yes | Yes | No | no | No |
| Split payments | No | No | No | No | Yes | Yes | Yes | only for Cryptocurrency | no | No |
1. Setup Fee (LKR)
| Payment Gateway | Setup Fee (LKR) |
| Sampath | 15,000 |
| Seylan | 20,000 |
| Commercial | 15,000 |
| HNB | 15,000-25,000 |
| PayHere | None |
| WEBXPAY | 15,000 |
| 2Checkout | None |
| BitPay | none |
| Genie | none |
| mCash | none |
2. Recurring fee (LKR/annum)
| Payment Gateway | Recurring fee (LKR/annum) |
| Sampath | 75,000 |
| Seylan | 30,000 |
| Commercial | 36,000 |
| HNB | 60,000-108,000 |
| PayHere | 39/transaction (basic) | 35,880 (plus) | 119,880 (premium) |
| WEBXPAY | 21,600 – 47,880 |
| 2Checkout | None (pay as you go model) |
| BitPay | none |
| Genie | none |
| mCash | none |
3. Commission per transaction
| Payment Gateway | Commission per transaction |
| Sampath | 3% – 5% |
| Seylan | 4% |
| Commercial | 2.5 – 3% |
| HNB | 4% |
| PayHere | 3.9%, 2.99% or 2.9% |
| WEBXPAY | 2.5% – 3% upwards |
| 2Checkout | 3.5% + $0.35 | 4.5% + $0.45 | 6.0% + $0.60 |
| BitPay | 1% |
| Genie | 1.50% |
| mCash | 1% |
4. Payment methods accepted
| Payment Gateway | Payment methods accepted |
| Sampath | All local and international Master or Visa Credit & Debit Cards |
| Seylan |
Master, Visa and other cards
|
| Commercial |
all major credit and debit cards.
|
| HNB | international debit, credit, Visa and MasterCard |
| PayHere | Visa, MasterCard, American Express, Discover, Diners Club, Genie, Frimi, eZcash, mCash, Sampath Vishwa |
| WEBXPAY | Visa, MasterCard, American Express, Discover, eZcash, mCash, Virtual Wallet, Sampath Vishwa |
| 2Checkout | Almost all credit and debit cards, internet banking |
| BitPay |
all major credit and debit cards.
|
| Genie | Any VISA/ Mastercard -Credit/ Debit Card, Savings/Current Account, Mobile Money |
| mCash | All major cards, internet banking, mobile sms, wallet |
5. Fraud & Risk management
| Payment Gateway | Fraud & Risk management |
| Sampath | Yes |
| Seylan | Yes |
| Commercial | Advanced |
| HNB | Yes |
| PayHere | Yes |
| WEBXPAY | Yes |
| 2Checkout | Yes |
| BitPay | Yes |
| Genie | Yes |
| mCash | Average |
6. International currencies accepted
| Payment Gateway | International currencies accepted |
| Sampath | USD, LKR, EUR, etc. |
| Seylan |
multi-currency transactions
|
| Commercial |
multi-currency transactions
|
| HNB | LKR, USD, EUR, GBP |
| PayHere | LKR, USD, GBP, EUR, AUD |
| WEBXPAY | All Major Currencies |
| 2Checkout | Over 200 currencies |
| BitPay | 12 Currencies, Cryptocurrency |
| Genie | 12 currencies |
| mCash | LKR, USD, GBP, EUR, AUD, INR |
7. Set up type
| Payment Gateway | Set up type |
| Sampath | Online |
| Seylan | Online |
| Commercial | Online |
| HNB | Online |
| PayHere | Online |
| WEBXPAY | Online |
| 2Checkout | Online |
| BitPay | Online |
| Genie | Online |
| mCash | Online |
8. Onboarding & Approvals time
| Payment Gateway | Onboarding & Approvals time |
| Sampath | 1-2 week |
| Seylan | 4-5 days |
| Commercial | 2-4 days |
| HNB | Less than 1 week |
| PayHere | 1 week |
| WEBXPAY | 2-4 days |
| 2Checkout | 2 days |
| BitPay | 1-2 days |
| Genie | 1 week |
| mCash | 3 days |
9. Recurring Billing
| Payment Gateway | Recurring Billing |
| Sampath | Yes |
| Seylan | Yes |
| Commercial | Yes |
| HNB | Yes |
| PayHere | Yes |
| WEBXPAY | Yes |
| 2Checkout | Yes |
| BitPay | Yes |
| Genie | No |
| mCash | No |
10. Charges on Refunds
| Payment Gateway | Charges on Refunds |
| Sampath | – |
| Seylan | – |
| Commercial | – |
| HNB | – |
| PayHere | No extra charges |
| WEBXPAY | 150 per transaction |
| 2Checkout | No extra charges |
| BitPay | Minor |
| Genie | Minor |
| mCash | No Extra charges |
11. SDK Stacks
| Payment Gateway | SDK Stacks |
| Sampath | PHP4 / PHP5 , ASP / ASP. Net, JSP, JAVA |
| Seylan | – |
| Commercial | Javascript, Mobile for Android and IoS |
| HNB | Java, ASP.net, PHP |
| PayHere | Javascript, Mobile for Android and IoS |
| WEBXPAY | PHP |
| 2Checkout |
Java, Ruby, .net, C#, Python
|
| BitPay | Java, PHP, Node.js, C#.net, Ruby, Python, .net |
| Genie | .net C Sharp, Java, PHP |
| mCash | C#, Python, PHP, Java |
12. Settlement time
| Payment Gateway | Settlement time |
| Sampath | Less than 2 days |
| Seylan | 1 day |
| Commercial | 1 day |
| HNB | 1 day |
| PayHere | 2 days |
| WEBXPAY | 1 Day |
| 2Checkout | 1 Day |
| BitPay | 2 days |
| Genie | Less than 2 days |
| mCash | 2 days |
13. Payouts support
| Payment Gateway | Payouts support |
| Sampath | No |
| Seylan | No |
| Commercial | Yes |
| HNB | No |
| PayHere | Yes |
| WEBXPAY | Yes |
| 2Checkout | Yes |
| BitPay | No |
| Genie | No |
| mCash | No |
14. Split payments
| Payment Gateway | Split payments |
| Sampath | No |
| Seylan | No |
| Commercial | No |
| HNB | No |
| PayHere | Yes |
| WEBXPAY | Yes |
| 2Checkout | Yes |
| BitPay | Only for Cryptocurrency |
| Genie | No |
| mCash | No |
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Choosing the best Payment Gateway provider in Sri Lanka
Choosing the best payment gateway provider for your eCommerce website is a tedious process. While choosing, you should ensure that customer payment experience is smooth, fast and secure. This helps to increase trust among the customers and come back to purchase other products or services in the future.
Here are six factors to consider before selecting the payment gateway:
Government Regulations
The Central Bank of Sri Lanka (CBSL) plays a major operational role both in the payment systems and securities settlement systems in Sri Lanka. The Payment Gateway Provider should be in compliance with CBSL Regulations. The CBSL issues licences, regulates, and supervises all major financial institutions including payment Gateway Providers.
Multi-currency and International usage
The Payment Gateway provider that accepts and processes payments apart from LKR such as USD, EUR, GBP, AUD, INT helps in opening your business to a multitude of multi-currency transactions & Enhancing reach to the market. Allowing international customers to pay in their local currency will lead to increased sales and trusting customer relationships.
Mobile App and CMS Support
As people are experiencing the digital revolution, they are opting to shop online through their smartphones and tablets apart from computers. The gateway that you select for your site should provide a solution that will enable your customers to shop hassle free from their respective mobiles through a dedicated app.
Required Documentation
The Payment gateway Provider should have digital Merchant Onboarding which includes an Easy & faster onboarding process without cumbersome documents and red tape. A platform that is agile, supports 100% automated onboarding and requires KYC and other usual verification documents should be chosen.
Payment and customer support
Always check whether the Merchant Support team is available 24/7 for any payment or technical-related questions. There are some Payment Gateway providers that provide customer support in all three major languages in Sri Lanka. The provider should be accessible at all times. Their turnaround time should be as minimum as possible.
Safety & Security Features
In Sri Lanka, a payment gateway provider should be fully certified, Central bank approved, bank-backed secured, needs to be PCI-DSS compliant and fully secured with the highest standards of security such as SSL 128-bit encryption etc. The provider must develop fraud management and install 3D Secure protocol for authentication and safety of customers.
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