The Strawhecker Group’s most recent analysis of 100 payment gateways found that half of them charge a monthly fee, down from 74% in 2019. That is potentially because of the impact of the Covid-19 pandemic, the report says.
Other findings show that 52% of all gateways focus on retail, followed by health care, 22%, restaurant, 19%, and education, 14%. Gateways could select more than one.
Integrated payments provide an opportunity for gateways, and many of them—57%—have open developer-center pages with full access to their application programming interface code with no need for credentials. Among the uses of APIs is enabling disparate software applications to share and communicate with one another.