How To Receive Payments Online?

Best Payment Gateways to Receive Payments Online

Do you want to receive payments from online freelancing? Are you looking for the best online payment gateway to send and receive money online?

We all know that receiving payments in another currency or from another country and converting it into local currency is a heck of a task. There are lots of companies who offer this services but, there’s a snake under the basket!

Often times payment companies turn out to have hidden cost or sometimes they charge ridiculously high conversion rates and fees.

What should you do?

Well, you are in luck mate. I have been receiving money for last five years. Undoubtedly I have tried a lot of payment gateways for that purpose.

I am gonna suggest you the best payment gateway among all the payment gateways I have personally used. But before that here are some important factors that you must consider before selecting any payment gateway.

Consider this before receiving payments online

Below I have mentioned some of the important factors to consider while selecting best payments gateway and what the best condition for the factors should be (High or Low):

  • Transaction fees allotted by the payment gateway (low)
  • Service tax allocated for the transaction (low)
  • Currency conversion rates (high)
  • Time for processing the transaction (low)
  • Transaction limits (high)

For example, you want to receive an amount of $100 USD in India (INR) from a payment gateway say XYZ.

Now, the payment gateway has allotted a transaction fee of 3% of the total amount, 2% as service tax, currency conversion rate 1% less than the market value and the payment is processed within 7 working days.

Let the market conversion be 1 USD = 67 INR (today’s rate).

So you should be expecting a payment of amount 6,700 INR right?

Wrong. Here’s what you will receive actually:

$100 – $3 (transaction fee of 3%) – $2 (service tax of 2%) = $95 USD

Also, the payment gateway XYZ converts the currency by 1% lesser than the market rate. Therefore, you get 1 USD = 66.33 INR.

Hence, the actual amount you will receive is 95 x 66.33 = 6301.35 INR i.e. 5.95% less from the amount you received.

Hence, you should choose your payment gateway wisely or you may unknowingly lose lots of money.

Here are some the best online payment gateways you definitely wanna stick to:



If your country supports Payoneer you don’t need to look for any other payment Payoneer is the best of all payment gateways I have ever used. It was banned in India previously by the RBI earlier but now it’s back with some traction limits which is not a deal breaker.

Transaction fees & Limits:

  • Currency conversion charge of 2%
  • Limit of INR 5,00,000 per transaction
  • Limit of INR 2,500,000 per month
  • Payment is processed within 3 – 7 working days

Note: Transactions over the limit will be reversed.

Sign up for Payoneer and get $25 free

You Might Also Like: Best Google Adsense Alternative Ad-Networks.



Founded in 1998, PayPal is most widely used largest, and most popular online payment system in the world. PayPal provides its services in all countries. It accepts payments by both credit and debit cards and supports almost all international debit cards. It requires no setup cost and fees and it does not take any transaction cost if you are a buyer. However, if you are a merchant, you do require some fees for each transaction.

Transaction fees & limits:

  • Transaction charge of 4.4% + 0.30$ fixed fee.
  • Limit of 10,000$ per transaction.
  • Currency conversion rate up to 3% to 4%.
  • Payment is processed within 5 – 7 working days

View detailed fee structure.



Founded in 2001, Skrill (formerly known as Moneybookers) is a popular online payment and money transfer company focusing on low-cost international money transfers. High-turnover customers are offered premium membership called “Skrill VIP” that includes additional features, such as a security token, multi-currency accounts and the ability to earn loyalty points. It also provides some solid offers like a free first transaction.

Transaction fees & limits:

  • A transaction charge of 1.9% to send, capped at €20 equivalent.
  • Currency conversion rate of 3.99%
  • Payment is processed within 3 – 7 working days

View detailed fee structure.



It is another online payment platform to send, receive, shop, to make online payments, and to receive payments online from anywhere in the world. Sending money is free and there is no setup and activation cost. It also supports bitcoin and bitcoin sending, receiving and currency conversion.

Transaction fees & limits:

  • A transaction charge of 2.5% + 0.45 INR, 2.90 % + $0.30 USD, 1.2% for BTC.
  • Currency conversion rate of 2.5%.
  • Payment is processed within 3 – 7 working days.

View detailed fee structure.

What do you think? How do you receive payments online? Which one is better? Let me know in the comment section down below.

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