A payment gateway is a technology solution that allows companies to securely process online transactions. It facilitates various types of financial exchanges, including credit card charges and bank transfers, serving as an intermediary between the customer and the organization’s financial systems. The gateway ensures that transactions are completed safely and efficiently while protecting sensitive data, such as card numbers, from unauthorized access. As digital commerce continues to rise, choosing the right method to handle these processes becomes essential for companies aiming to meet customer expectations.
After evaluating the available options, we found that NOWPayments offers the most suitable platform for Filipino enterprises. This service allows companies to handle multiple forms of digital currency with ease, providing a secure and user-friendly solution for handling cryptocurrency. For businesses looking to enter the crypto market, this provider offers a reliable, low-cost method to process such transactions. It also streamlines financial operations, integrating seamlessly with various platforms, making it an excellent choice for companies in the Philippines looking to stay ahead in a rapidly developing market.
As digital banking and mobile payment systems continue to grow in popularity in the Philippines, selecting the appropriate method for processing funds is becoming increasingly important. By 2026, customers will expect to be able to make transactions through multiple channels, both locally and internationally. Offering a variety of payment methods enables companies to meet their clients’ needs effectively, improving satisfaction and driving revenue. This flexibility will be key to the continued success of online businesses in the Philippines.
Here’s a list of payment gateways for businesses in the Philippines:
- NOWPayments
- PayMongo
- Maya Business
- GCash
- DragonPay
What We Considered When Choosing the Best Payment Gateway: Our Selection Criteria
Our aim was to highlight the key aspects of a fair comparison for Filipino enterprises. We also ensured that our recommendations align with local business practices and wage structures. The insights gained from this analysis allowed us to determine the optimal method for handling financial transactions by considering factors that directly impact transaction efficiency, customer satisfaction, and revenue generation.
- Supported Payment Methods: For Philippine enterprises to cater to both local and international customers, it is essential to provide a wide range of payment options. This flexibility ensures that all clients can easily complete their purchases, regardless of location.
- Transaction Fees: Enterprises can assess the fee structures of various financial service providers to ensure they select the most cost-effective solution that aligns with their operational needs and budget.
- Recurring Payments: This feature is crucial for businesses, as it simplifies the process, speeds up transactions, and enhances the overall experience for clients, making it easier to handle regular payments.
The following table compares how each option performed across these three critical criteria. Now, let’s delve deeper into the specifics of each provider.
| Payment Gateway | Supported Payment Methods | Transaction Fees | Recurring Payments |
|---|---|---|---|
| NOWPayments | 350+ cryptocurrencies, 40+ fiat currencies, Credit/Debit Cards | 0.5% for crypto, 1% for conversion, 0% network fee on all USDT TRC20 deposits for the first two months for new partners | Automatic billing for subscription models, recurring payments for crypto and fiat |
| PayMongo | Credit/Debit Cards, Online Bank, E-wallets | 2.0% for credit card payments, 1.5% for bank transfers | Recurring payments through integration with local subscription platforms |
| Maya Business | Credit/Debit Cards, E-wallets, Bank Transfer | 2.5% for credit card payments, 1.5% for bank transfers | Recurring billing for subscription services, with easy integration to e-commerce platforms |
| GCash | Credit/Debit Cards, E-wallets, Bank Transfer | 2.0% for credit card payments, 1.5% for bank transfers | Recurring payments for subscriptions, especially for mobile users and small businesses |
| DragonPay | Bank Transfer, Credit/Debit Cards, Over-the-Counter Payment | 1.75% for credit card payments, 1.0% for bank transfers | Recurring payments supported via integration with third-party e-commerce tools and subscription services |
NOWPayments
NOWPayments is an ideal platform for accepting cryptocurrencies, providing flexibility for companies to accept a wide range of digital assets and traditional methods. This service acts as a solution for online stores, SaaS platforms, video streaming services, and NFT marketplaces, facilitating easy integration with APIs that developers can utilize seamlessly. This feature helps various types of enterprises extend their reach beyond their local markets and provide a tailored experience for every customer.
Supported Payment Methods. NOWPayments supports over 350 cryptocurrencies and 40 fiat currencies, giving companies numerous choices for accepting funds. In addition to digital currencies, it supports debit and credit card transactions, offering a diverse payment experience. This broad selection includes stablecoins, tokenized assets, and wallets across all major blockchain networks. With partnerships for bank transactions, the system also simplifies cash-based transactions. By offering a wide variety of methods, online stores can reach more customers and streamline the checkout process.
| Payment Method | Accept | Withdraw |
|---|---|---|
| Cryptocurrency | ✅ | ✅ |
| Credit/Debit Cards | ✅ | ✅ |
Transaction Fees. NOWPayments’ fee structure is straightforward, charging 1% for fiat conversions and 0.5% for cryptocurrency transactions. Additionally, new users benefit from a promotion where network fees for USDT TRC20 payments are waived for the first two months. This transparent pricing model benefits all types of businesses, from startups to global enterprises, with no hidden charges, allowing for clear financial planning.
| Fee Type | Amount | Notes |
|---|---|---|
| Crypto Fee | 0.5% | For crypto payments |
| Conversion Fee | 1% | For fiat/crypto conversions |
Recurring Payments. NOWPayments supports recurring transactions, offering businesses a simple solution for subscriptions. Whether dealing with digital goods, services, or SaaS platforms, this feature is adaptable to various needs. It allows companies to manage recurring payments with ease, requiring minimal setup, and it integrates seamlessly with online stores. By enabling regular billing cycles, businesses can maintain consistent revenue streams while ensuring customer retention.
| Subscription Feature | Available |
|---|---|
| Recurring Billing | ✅ |
| Billing Cycles | Flexible |
| Multiple Plan Types | ✅ |
PayMongo
PayMongo is a popular platform in the Philippines that simplifies the process for local merchants to receive payments online. This service allows companies to accept various methods like credit card payments, online transfers, and well-known digital wallets. Its user-friendly technology is particularly valuable for small and medium-sized enterprises in the Philippines, enabling them to quickly integrate it. By focusing on the U.S. market, PayMongo also helps companies expand internationally.
Supported Payment Methods. Customers can use a variety of methods, including credit and debit cards, online transfers, and popular e-wallets like GCash and PayMaya, to complete transactions via PayMongo. This versatility enables businesses to cater to a broader audience without the need for additional third-party applications. The platform’s integration of checkout and payment pages in one place ensures that merchants can begin processing funds instantly, potentially increasing conversions and minimizing cart abandonment.
| Payment Method | Accept | Notes |
|---|---|---|
| Credit/Debit Cards | ✅ | Visa, Mastercard, JCB |
| Online Bank Transfers | ✅ | Major PH banks supported |
| E‑wallets | ✅ | GCash, PayMaya |
Transaction Fees. PayMongo charges a 2% fee for card transactions, which is competitive in comparison to other options. For online bank transfers, the fee is 1.5%, making it a cost-effective alternative for businesses looking to minimize processing costs. This straightforward fee structure allows businesses to plan their budgets without surprises, improving cash flow stability and profitability.
| Fee Type | Amount | Notes |
|---|---|---|
| Card Transaction | 2.0% | Standard rate |
| Bank Transfer Fee | 1.5% | Lower than card processing |
Recurring Payments. The platform offers a recurring billing feature, perfect for companies that operate on subscription-based models. This tool simplifies invoicing for digital services, memberships, or software subscriptions, and allows businesses to automate billing cycles without extra manual effort. By streamlining the payment process for recurring charges, PayMongo supports businesses in generating consistent revenue.
| Subscription Feature | Available |
|---|---|
| Recurring Billing | ✅ |
| Billing Cycles | ✅ |
| Configurable Plans | ✅ |
Maya Business
Maya Business is a powerful online solution offered by Maya, one of the most widely used banking apps in the Philippines. It allows companies to accept funds both digitally and in-person. The platform provides tools like payment links, QR codes, and API connections, helping attract more users to mobile wallets. Customers who prefer mobile solutions can easily find nearby shops using Maya. It is a great option for both new ventures and established enterprises because it is simple to use and comes with local support.
Supported Payment Methods. Maya Business supports various methods, including debit and credit cards, transfers, and mobile wallets, giving companies the flexibility to cater to different customer preferences. This versatility allows businesses to serve both tech-savvy and traditional clientele. The platform also streamlines financial management by allowing seamless processing of invoices and tracking of customer contributions. These features enhance the overall experience and speed up the process of accepting funds.
| Payment Method | Accept | Notes |
|---|---|---|
| Credit/Debit Cards | ✅ | Major card networks |
| E‑wallets | ✅ | Maya wallet |
| Bank Transfer | ✅ | Supported via partners |
Transaction Fees. Maya Business charges a 2.5% fee for credit card transactions. Transfers and cash payments incur lower charges, making it an affordable option for enterprises. The pricing is transparent, so companies know exactly what to expect, helping them plan their financial operations. This makes it particularly appealing for businesses of all sizes that need clear and predictable costs.
| Fee Type | Amount | Notes |
|---|---|---|
| Card Transaction | 2.5% | Standard rate |
| Bank Transfer Fee | 1.5% | Reduced rate |
Recurring Payments. With Maya Business’s recurring billing feature, businesses can easily set up and manage subscriptions or regular charges for their customers. This tool ensures consistent cash flow and reduces administrative workload. It also allows companies to adapt billing plans without needing extensive development resources. The ease of use encourages customer retention and continuous payments.
| Subscription Feature | Available |
|---|---|
| Recurring Billing | ✅ |
| Billing Cycles | ✅ |
| Multiple Plans | ✅ |
GCash
GCash is one of the leading mobile payment options in the Philippines, enabling companies to receive funds from a large pool of local users. Initially introduced as a mobile banking service, it has expanded to include features such as online shopping, QR code payments, and financial management for enterprises. Retailers, service providers, and gig economy workers often find GCash especially useful because it supports both digital and in-person transactions. Its user-friendly interface and strong brand recognition have made it increasingly popular.
Supported Payment Methods. GCash allows a variety of methods, including bank transfers, credit cards, and digital wallets, offering flexibility for organizations. Its integration with GCash Wallet makes transfers faster for customers who are already familiar with the service, leading to higher conversion rates. The platform also enables firms to track financial exchanges and gather data directly from the app, ensuring smoother operations and enhancing customer satisfaction.
| Payment Method | Accept | Notes |
|---|---|---|
| GCash Wallet | ✅ | Popular local wallet |
| Credit/Debit Cards | ✅ | Visa, Mastercard |
| Bank Transfer | ✅ | Through linked accounts |
Transaction Fees. GCash offers lower fees compared to other local services, with a standard 2% charge for card exchanges. Its transparent pricing helps firms easily estimate costs, while the reduced fees for bank transactions make it more affordable for merchants. The clarity in rates helps companies budget more effectively and boosts their cash flow with real-time processing.
| Fee Type | Amount | Notes |
|---|---|---|
| Card Transaction | 2.0% | Standard local rate |
| Wallet Transaction | 1.0% | Reduced for GCash |
Recurring Payments. GCash supports recurring billing, making it easy for firms to manage subscription services and automated charges. This feature allows for stable income and simplifies billing processes, reducing the need for specialized staff. The ability to offer subscription models with flexible payment schedules encourages customer retention and improves business sustainability.
| Subscription Feature | Available |
|---|---|
| Recurring Billing | ✅ |
| Billing Cycles | ✅ |
| Configurable Plans | ✅ |
DragonPay
DragonPay is a prominent service provider in the Philippines, known for facilitating secure transactions. It distinguishes itself by integrating both digital and traditional methods, offering a versatile solution for customers in both urban and rural areas. As one of the early players in the local market, it enables enterprises to handle both online and in-person purchases. This combination appeals to organizations whose clientele prefers a mix of contemporary and conventional methods for completing purchases. Offering multiple options during checkout can enhance the customer experience, making it easier for them to complete their orders.
Supported Payment Methods. DragonPay enables operations through credit cards, transfers, ATM transactions, and in-person payments at partner locations, providing companies with a wide array of choices. This flexibility accommodates consumers who prefer both digital and non-digital methods, ensuring they can shop online without any barriers. Additionally, DragonPay supports cross-border transfers, which is essential for enterprises conducting international trade. By offering a range of options, it broadens access to more clients without excluding those who prefer alternative methods.
| Payment Method | Accept | Notes |
|---|---|---|
| Bank Transfer | ✅ | Via major PH banks |
| Over‑the‑Counter Payment | ✅ | Partner outlets nationwide |
| Credit/Debit Cards | ✅ | Visa, Mastercard available |
Transaction Fees. DragonPay’s fees are generally lower than other purely digital services, especially when cash methods are involved. Since there are minimal charges for bank transactions, companies often opt for this approach, ensuring cost-effective payments. With reasonable rates and broad coverage, DragonPay allows organizations to process funds without high expenses, thus boosting profitability by keeping costs low.
| Fee Type | Amount | Notes |
|---|---|---|
| Card Transaction | 1.75% | Standard credit card rate |
| Bank Transfer Fee | 1.0% | Economical option |
Recurring Payments. DragonPay’s recurring billing feature allows enterprises to automate charges for services like subscriptions and rent, saving time and effort. By streamlining regular transfers, organizations can maintain steady cash flow without manual intervention. This feature is beneficial for individuals and businesses, offering flexibility and convenience across web- and bank-based options.
| Subscription Feature | Available |
|---|---|
| Recurring Billing | ✅ |
| Automated Cycles | ✅ |
| Flexible Options | ✅ |
Conclusion
We explored the most effective ways for Filipino enterprises to receive funds, considering platforms such as PayMongo, NOWPayments, Maya Business, GCash, and DragonPay. Each of these providers offers different methods of receiving money, tailored to the unique needs of various organizations. Some widely accepted methods include bank transfers and cash, while others enable phone-based transactions. Among these, NOWPayments stands out as the optimal solution for organizations in the Philippines seeking a modern, adaptable option, particularly for those interested in leveraging Bitcoin as a method of payment.
Supporting over 350 cryptocurrencies, credit and debit cards, and direct bank transfers, NOWPayments provides a diverse range of options for transferring funds. This makes it an excellent choice for companies looking to diversify their methods and expand their global customer base. With its low processing fees, seamless integration, and ability to manage recurring transfers, it allows enterprises to offer flexible solutions while ensuring secure handling of funds. By providing a comprehensive system for managing financial exchanges, this platform makes it simpler for organizations to scale and thrive. For Filipino companies aiming to stay competitive in the evolving digital economy, it remains the top platform to consider.