The rise of eCommerce has created a need for reliable and secure payment gateways across the globe, and Malta is no exception. As a member of the European Union and with a highly developed fintech ecosystem, Malta offers a variety of payment solutions that cater to both local businesses and international transactions. Whether you’re a small startup, a growing eCommerce platform, or a large multinational, choosing the right payment gateway is crucial for seamless transactions, customer trust, and business growth.
In this article, we’ll explore the top payment gateways available in Malta, examining their features, pricing structures, and suitability for different business needs. These gateways ensure security, ease of use, and compatibility with local banking systems and global markets.
1. Trust Payments
Overview:
Trust Payments is a leading payment gateway provider that operates across multiple European countries, including Malta. It offers end-to-end payment processing solutions, helping businesses securely accept payments in multiple currencies through various channels.
Key Features:
- Multiple payment methods: Credit cards, debit cards, and e-wallets.
- PCI-DSS Level 1 compliance ensures top-level security.
- 24/7 customer support and advanced fraud detection tools.
- Mobile integration and POS services for seamless retail payments.
Pricing:
Trust Payments follows a flexible pricing model based on transaction volume and the types of payment methods used. Merchants can contact the provider for a customized plan tailored to their needs.
Ideal For:
Businesses of all sizes, particularly those in eCommerce, retail, and hospitality industries.
2. Checkout.com
Overview:
Checkout.com is another prominent player in the payment gateway market, known for its global reach and customizable solutions. Businesses in Malta benefit from its secure and scalable platform, allowing them to accept payments in over 150 currencies.
Key Features:
- Global payment processing and multi-currency support.
- Advanced analytics and reporting tools.
- Seamless API integration for easy setup.
- Fraud prevention systems integrated with 3D Secure 2.0.
Pricing:
Checkout.com charges transaction fees that vary based on the payment method and region. Typically, fees start from 2.9% + €0.25 per transaction for card payments.
Ideal For:
Large businesses with international operations and high-volume transactions.
3. Stripe
Overview:
Stripe has become one of the go-to payment gateways for businesses around the world, including Malta. Known for its developer-friendly API and powerful infrastructure, Stripe is a favorite for startups and growing businesses.
Key Features:
- Supports over 135 currencies.
- Integrated billing and subscription services.
- API-first approach for easy customization.
- Fraud protection and machine-learning models for enhanced security.
Pricing:
Stripe’s standard pricing is 1.4% + €0.25 for European cards and 2.9% + €0.25 for non-European cards. Additional services like advanced fraud detection may incur extra fees.
Ideal For:
Tech-savvy startups, SaaS companies, and businesses with recurring billing models.
4. PayPal
Overview:
One of the most recognized names in online payments, PayPal offers widespread adoption and ease of use for both merchants and customers in Malta. It supports online transactions, mobile payments, and even peer-to-peer transfers.
Key Features:
- Worldwide acceptance, ideal for international transactions.
- No setup fees and easy integration with eCommerce platforms.
- Supports both business and personal accounts.
- Chargeback protection for sellers.
Pricing:
PayPal charges 2.9% + €0.30 per transaction for payments within the EU, with higher fees for international transactions.
Ideal For:
Small to medium-sized businesses, freelancers, and eCommerce platforms targeting international customers.
5. Viva Wallet
Overview:
Viva Wallet is a popular option for businesses operating in Malta and other European countries, offering local and international payment solutions. It focuses on providing a cashless ecosystem with support for multiple payment methods.
Key Features:
- Local acquiring in multiple European countries, including Malta.
- Supports over 24 payment methods, including digital wallets.
- Instant settlement to your Viva Wallet account.
- Advanced analytics and reporting tools for transaction monitoring.
Pricing:
Viva Wallet offers competitive pricing, charging no monthly fees and low transaction fees starting from 1.4% per transaction.
Ideal For:
Small and medium-sized businesses, particularly those operating in retail, eCommerce, and travel industries.
6. 2Checkout (Verifone)
Overview:
2Checkout is a well-established global payment gateway offering services in Malta. Recently acquired by Verifone, it has expanded its capabilities to provide robust solutions for online businesses, SaaS companies, and subscription-based services.
Key Features:
- Supports multiple currencies and payment methods.
- Recurring billing and subscription management tools.
- Advanced fraud prevention and chargeback protection.
- Easy integration with popular eCommerce platforms like Shopify, WooCommerce, and Magento.
Pricing:
2Checkout offers two pricing models: 3.5% + €0.35 for its “2Sell” plan, or 4.5% + €0.35 for its “2Subscribe” plan, which includes advanced subscription features.
Ideal For:
Global businesses, especially those in the SaaS and digital goods industries.
7. JCC Payment Systems
Overview:
JCC Payment Systems is a leading payment gateway based in Cyprus, but it also caters to businesses in Malta. It provides secure, local, and international payment processing services, making it a reliable option for merchants in the region.
Key Features:
- Supports major credit card payments, including Visa and MasterCard.
- Integration with local banks for easy settlements.
- 24/7 fraud monitoring and prevention systems.
- Mobile payment support for on-the-go transactions.
Pricing:
Pricing is customized based on business needs and transaction volumes. Merchants can contact JCC for a personalized quote.
Ideal For:
Local businesses in Malta seeking a reliable, regionally focused payment solution.
8. Adyen
Overview:
Adyen is a globally recognized payment gateway known for its comprehensive services and robust platform. It serves businesses in Malta by providing scalable payment solutions that support a wide variety of payment methods, currencies, and channels.
Key Features:
- Omnichannel payment support (in-store, online, and mobile).
- Unified platform for payment processing across Europe and the world.
- AI-powered fraud prevention tools.
- Seamless integration with POS systems and online stores.
Pricing:
Adyen operates on an interchange-plus model, meaning transaction fees are based on the underlying card network rates plus a small markup.
Ideal For:
Large enterprises and high-growth businesses seeking a scalable, all-in-one solution.
9. Braintree (A PayPal Service)
Overview:
Braintree is a full-stack payment gateway and merchant account provider that is part of PayPal’s suite of services. It offers simple integration, making it a preferred choice for businesses in Malta that are looking to scale globally.
Key Features:
- Supports multiple payment methods, including credit cards, debit cards, and PayPal.
- Subscription billing and recurring payment options.
- Developer-friendly API for easy integration.
- Secure vault for storing customer payment data.
Pricing:
Braintree charges 2.9% + €0.30 per transaction, with custom pricing available for businesses with high transaction volumes.
Ideal For:
Startups, SaaS companies, and eCommerce platforms focused on scaling internationally.
10. Authorize.Net
Overview:
Authorize.Net is a subsidiary of Visa and offers reliable payment gateway services in Malta. With over two decades of experience, it provides a secure platform that enables businesses to accept payments in multiple currencies through various channels.
Key Features:
- Supports credit card, debit card, and e-check payments.
- Advanced fraud detection tools.
- Recurring billing options for subscription-based businesses.
- 24/7 customer support and extensive developer resources.
Pricing:
Authorize.Net charges 2.9% + €0.30 per transaction, along with a monthly gateway fee of €25.
Ideal For:
Small to medium-sized businesses that need a secure and reliable payment gateway with robust support.
Why Malta is a Fintech Hub
Malta has positioned itself as a rising star in the fintech sector due to its strategic location within the European Union, its business-friendly regulatory environment, and its growing tech ecosystem. The country has attracted numerous international companies and startups, making it an ideal location for payment gateways to thrive. With a focus on innovation, Malta continues to support fintech initiatives, allowing businesses to access secure and efficient payment processing solutions that cater to both local and international markets.
Conclusion
When choosing the best payment gateway in Malta, it’s essential to consider factors like transaction fees, payment method support, security features, and ease of integration with your business systems. Whether you’re a local startup or an international corporation, Malta’s payment ecosystem offers a wide range of solutions tailored to your business needs. By leveraging these top payment gateways, businesses in Malta can ensure a smooth, secure, and efficient transaction process, fostering growth in both local and international markets.
FAQs
- What is the best payment gateway in Malta?
PayPal, Stripe, and Viva Wallet are considered among the top payment gateways in Malta for their security and reliability. - Which payment gateway is best for small businesses in Malta?
Viva Wallet and Stripe are popular choices for small businesses due to their low fees and ease of integration. - Does Stripe operate in Malta?
Yes, Stripe operates in Malta, offering a wide range of payment processing services. - Can I use PayPal in Malta for international payments?
Yes, PayPal supports international transactions, making it ideal for businesses in Malta with a global customer base. - What are the payment options available with Malta’s payment gateways?
Most payment gateways in Malta support credit/debit cards, e-wallets, and bank transfers.