Top 10 Best Payment Gateways in Sri Lanka

Get complete information on the best payment gateway service providers in Sri Lanka.

Top-10-Payment-Gateways-Devathon

Top 10 payment gateways you should choose for your

E-Commerce store in Sri Lanka?

Payment GatewaySampathSeylanCommercialHNBPayHereWEBXPAY2CheckoutBitPayGeniemCash
Setup Fee (LKR)15,00020,00075,00015,000-25,000None15,000Nonenonenonenone
Recurring fee (LKR/annum)75,00030,00090,00060,000-108,00039/transaction (basic) | 35,880 (plus) | 119,880 (premium)21,600 – 47,880None (pay as you go model)nonenonenone
Commission per transaction3% – 5%4%4%4%3.9%, 2.99% or 2.9%2.5% – 3% upwards3.5% + $0.35 | 4.5% + $0.45 | 6.0% + $0.601%1.50%1%
Payment methods acceptedAll local and international Master or Visa Credit & Debit CardsMaster, Visa and other cardsall major credit and debit cards.international debit, credit, Visa and MasterCardVisa, MasterCard, American Express, Discover, Diners Club, Genie, Frimi, eZcash, mCash, Sampath VishwaVisa, MasterCard, American Express, Discover, eZcash, mCash, Virtual Wallet, Sampath VishwaAlmost all credit and debit cards, internet bankingall major credit and debit cards.Any VISA/ Mastercard -Credit/ Debit Card, Savings/Current Account, Mobile MoneyAll major cards, internet banking, mobile sms, wallet
Fraud & Risk managementYesYesAdvancedYesYesYesYesYesYesAverage
International currencies acceptedUSD, LKR, EUR, etc.multi-currency transactionsmulti-currency transactionsLKR, USD, EUR, GBPLKR, USD, GBP, EUR, AUDAll Major CurrenciesOver 200 currencies12 Currencies, Cryptocurrency12 currenciesLKR, USD, GBP, EUR, AUD, INR
Set up typeOnlineOnlineOnlineOnlineOnlineOnlineOnlineOnlineOnlineOnline
Onboarding & Approvals time1-2 week4-5 days1 weekLess than 1 week1 week2-4 days2 days1-2 days1 week3 days
Recurring BillingYesYesYesYesYesYesYesYesNoNo
Charges on RefundsNo extra charges150 per transactionNo extra chargesMinorMinorNo Extra charges
SDK StacksPHP4 / PHP5 , ASP / ASP. Net , JSP , JAVAJava, ASP.net, PhpJavascript, Mobile for Android and IoSPhpJava, Ruby, .net, C#, PythonJava, PhP, Node.js, C#.net, Ruby, Python, .net.net C Sharp, Java, PhpC#, Python, Php, Java
Settlement timeLess than 2 days1 day2 days1day2 days1 Day1 Day2 daysLess than 2 days2 days
Payouts supportNoNoNoNoYesYesYesNonoNo
Split paymentsNoNoNoNoYesYesYesonly for CryptocurrencynoNo

1. Setup Fee (LKR)

Payment GatewaySetup Fee (LKR)
Sampath15,000
Seylan20,000
Commercial75,000
HNB15,000-25,000
PayHereNone
WEBXPAY15,000
2CheckoutNone
BitPaynone
Genienone
mCashnone

2. Recurring fee (LKR/annum)

Payment GatewayRecurring fee (LKR/annum)
Sampath75,000
Seylan30,000
Commercial90,000
HNB60,000-108,000
PayHere39/transaction (basic) | 35,880 (plus) | 119,880 (premium)
WEBXPAY21,600 – 47,880
2CheckoutNone (pay as you go model)
BitPaynone
Genienone
mCashnone

3. Commission per transaction

Payment GatewayCommission per transaction
Sampath3% – 5%
Seylan4%
Commercial4%
HNB4%
PayHere3.9%, 2.99% or 2.9%
WEBXPAY2.5% – 3% upwards
2Checkout3.5% + $0.35 | 4.5% + $0.45 | 6.0% + $0.60
BitPay1%
Genie1.50%
mCash1%

4. Payment methods accepted

Payment GatewayPayment methods accepted
SampathAll local and international Master or Visa Credit & Debit Cards
Seylan
Master, Visa and other cards
Commercial
all major credit and debit cards.
HNBinternational debit, credit, Visa and MasterCard
PayHereVisa, MasterCard, American Express, Discover, Diners Club, Genie, Frimi, eZcash, mCash, Sampath Vishwa
WEBXPAYVisa, MasterCard, American Express, Discover, eZcash, mCash, Virtual Wallet, Sampath Vishwa
2CheckoutAlmost all credit and debit cards, internet banking
BitPay
all major credit and debit cards.
GenieAny VISA/ Mastercard -Credit/ Debit Card, Savings/Current Account, Mobile Money
mCashAll major cards, internet banking, mobile sms, wallet

5. Fraud & Risk management

Payment GatewayFraud & Risk management
SampathYes
SeylanYes
CommercialAdvanced
HNBYes
PayHereYes
WEBXPAYYes
2CheckoutYes
BitPayYes
GenieYes
mCashAverage

6. International currencies accepted

Payment GatewayInternational currencies accepted
SampathUSD, LKR, EUR, etc.
Seylan
multi-currency transactions
Commercial
multi-currency transactions
HNBLKR, USD, EUR, GBP
PayHereLKR, USD, GBP, EUR, AUD
WEBXPAYAll Major Currencies
2CheckoutOver 200 currencies
BitPay12 Currencies, Cryptocurrency
Genie12 currencies
mCashLKR, USD, GBP, EUR, AUD, INR

7. Set up type

Payment GatewaySet up type
SampathOnline
SeylanOnline
CommercialOnline
HNBOnline
PayHereOnline
WEBXPAYOnline
2CheckoutOnline
BitPayOnline
GenieOnline
mCashOnline

8. Onboarding & Approvals time

Payment GatewayOnboarding & Approvals time
Sampath1-2 week
Seylan4-5 days
Commercial1 week
HNBLess than 1 week
PayHere1 week
WEBXPAY2-4 days
2Checkout2 days
BitPay1-2 days
Genie1 week
mCash3 days

9. Recurring Billing

Payment GatewayRecurring Billing
SampathYes
SeylanYes
CommercialYes
HNBYes
PayHereYes
WEBXPAYYes
2CheckoutYes
BitPayYes
GenieNo
mCashNo

10. Charges on Refunds

Payment GatewayCharges on Refunds
Sampath
Seylan
Commercial
HNB
PayHereNo extra charges
WEBXPAY150 per transaction
2CheckoutNo extra charges
BitPayMinor
GenieMinor
mCashNo Extra charges

11. SDK Stacks

Payment GatewaySDK Stacks
SampathPHP4 / PHP5 , ASP / ASP. Net, JSP, JAVA
Seylan
Commercial
HNBJava, ASP.net, PHP
PayHereJavascript, Mobile for Android and IoS
WEBXPAYPHP
2Checkout
Java, Ruby, .net, C#, Python
BitPayJava, PHP, Node.js, C#.net, Ruby, Python, .net
Genie.net C Sharp, Java, PHP
mCashC#, Python, PHP, Java

12. Settlement time

Payment GatewaySettlement time
SampathLess than 2 days
Seylan1 day
Commercial2 days
HNB1day
PayHere2 days
WEBXPAY1 Day
2Checkout1 Day
BitPay2 days
GenieLess than 2 days
mCash2 days

13. Payouts support

Payment GatewayPayouts support
SampathNo
SeylanNo
CommercialNo
HNBNo
PayHereYes
WEBXPAYYes
2CheckoutYes
BitPayNo
GenieNo
mCashNo

14. Split payments

Payment GatewaySplit payments
SampathNo
SeylanNo
CommercialNo
HNBNo
PayHereYes
WEBXPAYYes
2CheckoutYes
BitPayOnly for Cryptocurrency
GenieNo
mCashNo

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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

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

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

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

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

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

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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