The Best Payment Gateways in Egypt for Online Stores

There are many payment gateways in Egypt today, and the number keeps growing as ecommerce expands. Online payment has become an essential tool for any online store owner, because it makes payments safe and trustworthy.

If you run an online business in Egypt, choosing the right payment gateway is an important step toward giving your customers a smooth, secure buying experience.

In this article, you’ll learn about the best payment gateways in Egypt that support online stores and that you can add to your store easily.

What Are Payment Gateways in Egypt?

Payment gateways in Egypt are trusted online services that let you accept payments through your website or your online store’s checkout, while keeping transactions between you, your customers and the banks secure.

For more information, see this guide to payment gateways and how they work.

The Best Payment Gateways in Egypt for Online Stores

After creating your online store, you need to choose a payment gateway that suits you and your customers. Here are the best payment gateways in Egypt you can rely on for your store:

1. PayPal

PayPal is one of the best-known payment gateways in Egypt and around the world, used safely by about  192 million accounts worldwide.

Key features that make PayPal one of the best payment gateways in Egypt:

• It works for businesses in Egypt and supports more than 25 local and international currencies.
• PayPal operates in more than 200 countries, which has made it popular with multilingual, multi-currency online stores.
• An email address is all you need to send and receive payments.
• You can easily link credit cards such as Visa or Mastercard to your PayPal account, which makes quick checkout easy for customers.
• It connects easily with all kinds of online stores.

You can create a PayPal account and connect it to your online store easily, then receive payments from your customers quickly and securely.

As for transaction fees, PayPal takes between 1.9% and 5% depending on the country, plus a small fixed fee. For more details on transaction fees, see the fees page on their website.

  2. Paymob

Paymob is one of the best payment gateways in Egypt, especially for online store owners, thanks to its complete set of financial services.

It launched officially in 2015 and has grown a lot since then, passing 12 million users and more than 120 million transactions. Paymob is proud to be the payment gateway of choice for many large companies, such as Rabbit, Uber and Swvl.

Its success comes from a set of features that make it one of the best payment gateways in Egypt, including:

1. You can open a Paymob account without a commercial register, whether you’re an individual or a company.
2. It supports several international payment methods, including Visa and Mastercard.
3. You can accept payments from customers through many local payment methods, such as Vodafone Cash, Orange Money, Etisalat Cash, Fawry, Meeza, Momkn and more.
4. It offers installment payments through platforms such as valU and Souhoola, as well as installment services through local banks such as Banque du Caire and Banque Misr.
5. It works with local banks, so you can withdraw your money easily.
6. It supports online stores on popular platforms such as Shopify, WooCommerce, OpenCart and Magento.
7. It offers a high level of security compared with some other local payment gateways.

The challenges you may face using it:

Transactions are in Egyptian pounds only; it doesn’t support other currencies.
The minimum withdrawal is EGP 5,000, which some people find very high.

You can only make one withdrawal a week.

As for fees and commissions, setup fees range from EGP 1,000 to 2,000, and the commission is about 2.75% of each transaction plus a fixed EGP 3 (at the time of writing).

Read also: how to add your business to Google Maps easily.

3. PaySky

PaySky is a payment gateway in Egypt founded in 2017 with the backing of Egypt Post. It aims to simplify online financial transactions and offer tailored ecommerce solutions.

It  operates in several countries, including Egypt, Saudi Arabia and the UAE, and currently has about 1.6 million users.

PaySky’s advantages include:

• Accounts for individuals and companies without a commercial register.
• Accepting credit card payments from inside and outside Egypt.
• Connecting with local banks and withdrawing money directly.
• The Yalla card from Egypt Post for direct withdrawals.
• Compatibility with ecommerce platforms such as WooCommerce and Shopify, and 3D Secure 2.0 security to protect financial transactions.

Despite these advantages, there are some challenges, such as:

1. Automatic withdrawals once a week (Mondays only).
2. Payment happens on an external page.
3. All transactions are in Egyptian pounds, which exposes users to exchange rate swings.
4. The WooCommerce plugin lacks some customization options and flexibility.

As for fees, there’s a basic plan with no commission for a fixed subscription of about $49.99, and an advanced plan with a commission of 2.85% + EGP 0.28 per transaction, plus an account setup fee (at the time of writing).

Read also: why video marketing matters for your website.

4. Fawry

Fawry is also one of the best payment gateways in Egypt, and you can use it to accept payments in your store. It offers complete financial services to individuals and companies through a network of more than 225,000 locations and online stores.

Fawry also offers secure, easy ways to pay, whether through ATMs, e-wallets, retail outlets or online payment, and it provides a payment gateway to support ecommerce.

Its advantages include easy setup and a simple dashboard for following transactions as they happen. It also supports several payment methods in Egypt, so customers can use whichever suits them.
To get an account on Fawry’s payment gateway, you need a valid commercial register, a tax card, a copy of the owner’s ID card and a bank account.
As for fees, you can sign up with a setup fee of EGP 999 and a monthly fee of about EGP 499, plus a commission of about 2.75% of each payment and a fixed EGP 3 per transaction (at the time of writing).

Choosing the best payment gateway in Egypt depends on your online business’s needs, your audience and your future plans. If you’re looking for a complete solution for your online store, start by comparing options on ease of use, technical support, fees and the range of payment methods.

If you’re starting your online store and looking for a web design company, Kemetova offers high-quality website design services tailored to your business. Get in touch with the Kemetova team with any questions.