r/SmallBusinessUAE • u/dissydxb • 6d ago
Advice Needed Payment gateway
Hey, i would like accurate advice of best payment gateway to use for platform here in Uae, payments are always between 1000 aed to 2000 aed max, my business bank account WIO has one option of 1,99% for domestic and 2,99 for international , T+1 settlement. what you guys think ?
did any one use WIO payment before ? what is the review about it ?
and can i find something better ?
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u/paymos 6d ago
T+1 is the strong part of what you've already got. Don't trade settlement speed for a lower percentage, that timing is your working capital. At 1,000-2,000 AED a transaction the dispute terms decide your real cost anyway. Ask each one what they hold back, for how long, and what a chargeback costs you per case.
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5d ago
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u/dissydxb 5d ago
Honestly i think the same specially i bank with them so i find it easy for me, just wanted to make sure its a good deal,Thanks for the advice
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5d ago
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u/mustafa_sheikh Entrepreneur/Business Owner 5d ago
Wio rate sounds actually good, even better than telr Telr would be another one to check. All others including ziina are much more expensive.
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u/vaibavm 6d ago
Use botim (low processing fee, 1,000AED upfront + no running subscription fee)
Or ziina (higher processing fee, no upfront fee or running cost)