Developers can incorporate payment processing functionality into their apps or websites by using a Payment Gateway SDK (Software Development Kit) and API (Application Programming Interface).For any business, handling payments securely and reliably is essential. Which do you choose, an SDK or an API, when wanting to incorporate payment processing into your software solution? Make sure you comprehend the distinctions between a payment SDK and a payment API before making your choice, as well as the reasons why one would be better suited to your requirements.
Payment Gateways Comparison between SDK and API
Payment gateway SDK
An whole downloadable collection of libraries, documentation, sample code, APIs, and other tools that let developers incorporate features into software and mobile apps is called a software development kit. It’s all in the name. An SDK provides developers with all the tools they need to incorporate pre-built features into their apps, much like a model car kit would include everything they need to build a model car. Different platforms or operating systems, like iOS or Android, have their own SDKs.
Payment Gateway APIs
A collection of guidelines that permit interpretation or innovation is known as an application interface, or API. Similar to a recipe, two people can use the same one, but the final product and the time required to finish it can vary greatly depending on training and experience. They are in charge of application-to-application communication and frequently serve as the foundation for intricate microservices architectures when combined with other APIs.
APIs versus SDKs
Some claim that because a Payment Gateway API is more flexible, scalable, and reusable than an SDK, it is the superior choice. Others think that, in comparison to APIs alone, SDKs provide faster time to market, simpler integration, improved security, cost savings, and dependability. While APIs might enable future expansion or improved capability, SDKs might be simpler to use for more fundamental capabilities.You need a strategic partner if you are unsure about the best course of action for creating payment solutions. The leading brand in integrated Payment Gateway systems is Paragon Payment systems. To learn more about our services and how we can assist you in providing your clients with the best payment options, get in touch with us right now.
What are the best payment gateway SDKs?
So here Payment SDK for Payment Gateway integration that offer the resources you need to quickly incorporate Payment Gateway systems into your mobile application or website:
- Stripe SDK
- PayPal SDK
- Square SDK
- Razorpay SDK
- Adyen SDK
- Braintree SDK
- Flutterwave SDK
- Authorize.Net SDK
Payment SDK for mobile apps
- Stripe: Strong security, a configurable user interface, worldwide support, and a variety of Payment Gateway options.
- PayPal: Recurring payments, wallet and card support, and simple integration characterize this reliable brand.
- The braintree: Offers strong fraud protection and supports PayPal, cards, and wallets like Apple Pay and Google Pay.
- Square: Simple price and a great way to combine in-app and in-person payments.
- Razorpay: With a pre-built mobile checkout, it’s perfect for Indian payments (UPI, cards, wallets).
- Adyen: International payment options, sophisticated fraud protection, and an entirely customized user interface.
- Flutterwave: Specifically designed for Africa, featuring multi-currency support, cards, and mobile money
Payment SDK for websites
- Stripe.js:Worldwide payments, safe, developer-friendly, and a user interface that can be customized.
- JavaScript SDK for PayPal: Simple integration that works with PayPal and credit cards, perfect for simplicity and confidence.
- The Braintree Web SDK: Strong fraud prevention and versatility for local payments, wallets, and PayPal.
- The Razorpay Web SDK: Ideal for Indian payments (net banking, UPI), with forms that may be customized.
- Square Web SDK: Combines simple pricing with in-app and in-person payments.
- SDK for Adyen Checkout: Global payments, complete customization, and sophisticated fraud detection.
- SDK for Flutterwave Web:Perfect for supporting mobile money, many currencies, and African payments.
Payment SDK for eCommerce
- Stripe: Advanced fraud prevention, worldwide payments, and a customisable checkout.
- Braintree/Paypal: Trusted, accepts cards, subscriptions, PayPal, and Venmo.
- Razorpay: Best for India with support for wallets, net banking, and UPI.
- Adyen: Global/local payments, enterprise-grade, and sophisticated fraud tools.
- Payments on Shopify: Integrated for Shopify stores, simple to set up in multiple currencies.
- Square: Combines in-person and online payments, making it perfect for hybrid enterprises.
- Flutterwave: Specifically designed for African e-commerce using cards and mobile money.
Payment gateway SDK for Shopify
- Payments on Shopify: Integrated, free of additional costs, and compatible with cards, Apple Pay, and Google Pay.
- PayPal: Trustworthy, simple integration for expedited checkout.
- Stripe: Worldwide payments, fraud prevention, and customization.
- Adyen: Perfect for business stores, it accepts both local and international payments.
- Razorpay: Ideal for Indian retailers using wallets, net banking, and UPI.
- Authorize.Net: Dependable, fraud-protected, and compatible with ACH and cards.
Payment gateway SDK for WordPress
- Payments with WooCommerce: No third-party costs, integrated, worldwide payments.
- PayPal Payment Process: Fast setup, reliable, and compatible with PayPal and credit cards.
- For WooCommerce, Stripe: Accepts Google Pay, Apple Pay, and international payments.
- Razorpay: Ideal for Indian companies, it supports net banking and UPI.
- Authorize.Net: Perfect for U.S. merchants, it supports ACH and cards.
- Adyen: Multicurrency, international payments, and fraud prevention for big retailers.
- Mollie: Accepts local payment options, making it ideal for European merchants.
Payment gateway SDK security features
- Encryption: Protects payment information while it’s being transmitted.
- Tokenization: Swaps out card information for distinct tokens.
- Compliance with PCI-DSS: Guarantees the safe processing of payment information.
- 3D Safe: Enhances transactional user authentication.
- Fraud Identification: Keeps an eye on and stops fraudulent activity.
- TLS/SSL: Protects the client-gateway communication.
- Safe Keys: Authorizes access by using API keys.
- Frequent Updates: Improves security and fixes vulnerabilities.
- Sandbox Testing: Makes it possible to test money flows safely.
- Local Adherence: Respects laws such as the CCPA and GDPR.
Pros of Payment Gateway SDK
- Simple Integration: Uses pre-built libraries to streamline the payment setup process.
- Safety: Features for compliance and encryption built in.
- Personalization: Provides a smooth, branded payment process.
- Quicker Transactions: Streamlined and optimized for speed.
- Cross-Platform: Works on both web and mobile platforms.
- Extra Features: Includes subscription management and fraud protection.
Cons of Payment Gateway SDK
- Complexity of Customization: Technical expertise may be needed for more complex modification.
- Restricted Payment Options: Not all payment methods may be supported.
- Upkeep: Has to be monitored and updated frequently.
- Platform Reliance: May be restricted to particular platforms.
- Transaction Charges:Incurs processing costs.
- Risks of Noncompliance: Must be properly carried out in order to guarantee compliance.
What are Payment API providers?
Here top Online payment APIs are listed below:
1. Stripe | 2.PayPal |
3.Braintree | 4.Razorpay |
5.Adyen | 6.Square |
7.Mollie | 8.Authorize.net |
9.Worldpay | 10.Checkout.com |
So these are the best Payment gateway API for merchants.
Payment API for subscription services
- Stripe
- Braintree
- Chargebee
- Recurly
- PayPal Subscriptions
- Adyen
- Zoho Subscriptions
- PaySimple
- Square Subscriptions
- Paddle
Payment API for SaaS platforms
- Stripe
- Braintree
- Chargebee
- Recurly
- Adyen
- Paddle
- Zoho Subscriptions
- FastSpring
- PayPal Subscriptions
- Chargify
Best payment APIs for startups
- Stripe
- PayPal
- Razorpay
- Square
- Braintree
- Mollie
- PaySimple
- Adyen
- Authorize.Net
- WePay
How to integrate payment API?
Payment gateway API integration steps are given below. So here we explain Payment API integration guide in very brief manner :
- Selecting a Provider: Choose a payment processor, such as PayPal, Stripe, or Razorpay.
- Create a profile: Obtain API keys by registering.
- Put SDKs in place: Include the appropriate SDK (iOS/Android SDK for mobile, JavaScript for web).
- Make a Pay Form: Create a safe form to get payment information.
- Integrating the backend: To process payments on the server, utilize your API keys.
- Manage Reactions: Handle transactions that are successful or unsuccessful?
- Security: Use SSL and PCI DSS compliance to ensure secure transmission.
- Test: Start by testing in sandbox mode and then move on to live mode.
- Live: Start taking actual payments by updating the keys to live mode.
Pros of Digital payment API
- Simple Integration:Fast setup and app/website integration.
- Worldwide Assistance: Accepts a variety of payment options and currencies.
- Safety: Safe transactions that comply with PCI-DSS.
- Payment API for fraud prevention: Integrated fraud detection tools.
- Management of Subscriptions: Allows for recurring billing.
- Scalability: Expands along with your company.
- Personalization: Adaptable dashboards and payment forms.
- Paying via a mobile device: Connects to mobile wallets.
Cons of Online payment APIs
- Transaction Charges: Expenses for each transaction.
- Complexity of Setup: Technical expertise is needed for certain functionalities.
- Dependency: Depend on outside service suppliers.
- Restricted Payment Options: Not all local options might be supported.
- Problems with Compliance: Must follow rules such as PCI-DSS.
- International Limitations: Global reach is limited by certain APIs.
- Chargebacks: Handling complaints and reimbursements can be challenging.
- Delays in Payment: The settlement of international payments may take some time.
To sum up
Payment Gateway SDKs and APIs, each with its own advantages, allow for the safe and easy integration of payments into websites or applications. With pre-built tools like libraries and documentation, SDKs make it easier to integrate features like tokenization, encryption, and PCI-DSS compliance. This makes them perfect for secure, fast setups. With the flexibility and scalability that APIs offer, developers can alter payment processes for intricate systems. Although SDKs are quicker and simpler to use, APIs are more appropriate for more complex customisation and future expansion. To guarantee safe and dependable payment processing that meets a range of business requirements, both need to be properly implemented, tested, and complied with.
Faqs
How do an SDK and an API vary from one another?
An API is a collection of rules that allow for bespoke development, whereas an SDK is a toolkit with pre-built features for simple integration.
Which is preferable, the SDK or the API, for integrating payments?
APIs are best for advanced customizations and flexibility, whereas SDKs are preferable for rapid, straightforward installs.
Are SDKs for payments safe?
Tokenization, encryption, and PCI-DSS compliance are all included in SDKs for safe transactions.
Which payment SDKs are the most widely used?
Flutterwave, Braintree, Razorpay, Square, PayPal, Stripe, and Adyen.
How may a payment API be integrated?
Select a provider, develop secure payment forms, implement SDKs and APIs, register for API keys, and test in a sandbox setting.
What advantages do payment APIs offer?
Subscription management, fraud prevention, scalability, and worldwide support.
What security features do Payment Gateway SDKs and APIs provide?
They include:
- TLS/SSL encryption for secure communication.
- 3D Secure authentication for enhanced user verification.
- Fraud detection systems to monitor and prevent unauthorized transactions.
Can Payment APIs support subscription services?
Yes, many APIs like Stripe, Braintree, Chargebee, and PayPal Subscriptions are designed for subscription management, allowing recurring billing and easy setup for SaaS platforms.
What are the disadvantages of using Payment Gateway SDKs or APIs?
- Transaction fees for each payment processed.
- Limited payment options depending on the provider.
- Setup complexity for advanced features.
- Regulatory compliance requirements like PCI-DSS.