When assisting our entrepreneurial clients, we are often asked to help them with Isle of Man payment gateway options so we generally have a good understanding of the Isle of Man payment gateway universe.
Unfortunately, some of the more popular international payment gateway providers are not available to Isle of Man companies.
Why does an Isle of Man company need a Payment Gateway?
If you have reached this article then you will likely already know that Isle of Man companies that accept payments through their websites require a payment gateway to clear their customers debit / credit cards.
Payment gateway fees are usually based on a transaction charge (approx. 25p per transaction) as well as a percentage sum charged (usually 1.5%-3%ish).
Does Stripe ‘work’ in the Isle of Man?
Stripe is probably the UK leading payment gateway however unfortunately sole traders and companies registered in the Isle of Man are unable to register as users of Stripe.
Thankfully, as you will see below there are alternatives to Stripe that do allow Isle of Man registered entities.
Please contact [email protected] or WhatsApp – +44 1624 777900 should you wish to discuss the current options for payment gateways in the Isle of Man
Does PayPal ‘work’ in the Isle of Man ?
PayPal does accept registration for its payment processor services to sole traders and companies registered in the Isle of Man.
In addition, BrainTree (a PayPal company) also works in the Isle of Man. This is often a ‘go to choose’ by Web developers based in the Isle of Man.
Fees for both are typically higher than Stripe and both have a reputation for occasionally being a bit awkward in paying out merchants funds but they are a large reputable organisation so your money should be safe and the technical aspects are reliable.
Does GoCardless work in the Isle of Man?
Unfortunately, GoCardless does not currently work for businesses registered in the Isle of Man.
Does Square work in the Isle of Man?
Unfortunately, Square does not work for businesses registered in the Isle of Man.
Comprehensive list Isle of Man Payment Gateways.
Below is a current – at the time of writing – list of online payment gateways that accept registration from Isle of Man businesses (sole traders + limited companies) –
- 2Checkout Convert Plus (by Verifone)
- APS – Amazon Payment Services
- Cartão de Crédito – Oceanpayment
- Checkout.com – Offsite Payments
- Credit / Debit Card – Mint
- Credit Cards via pensopay
- Credit/Debit Card Payments via Paynamics
- Flutterwave – Africa Payments
- LianLian Pay
- MobilePay via pensopay Mollie – Bancontact
- Mollie – Bel
If you are a payment processor and you would like to be added to this list please contact us.
Payment Gateways to facilitate payments in crypto ?
For regulatory reasons, the Isle of Man is a popular location for Crypto businesses so – Yes – there are crypto payment gateways for Isle of Man based merchants. Below is a list of the most popular.
See our article on how to set up an Isle of Man crypto exchange.
Isle of Man Payment gateway assistance.
If you want help with making a choice or with an introduction to a local web developer, then we can assist you. Contact [email protected] or WhatsApp – +44 1624 777900