Top 13 Best E-commerce Payment Gateways in South Korea

According to Webinterpret report – GDP in South Korea is rising with a growth rate of 3%. Internet penetration reached 85% along with the smartphone penetration that is 72%.

So, it shows us that the way South Koreans are indulged in the E-commerce industry, it will be going to make them dominating in the southeast Asia eCommerce market for sure.

Top E-commerce players in South Korea are Gmarket, 11Street, and Auction. Online domestic purchase crossed $100 Billion in sales and cross-border crossed $3 Billion in sales.

Preferred payment services in South Korea

Samsung Pay and Naver pay are the most widely used mobile payment methods used in South Korea. The rest majority of people love to pay through credit or debit cards and bank transfers.

Everyone wants to pay with the payment method which they feel the safest and secure. So it’s a business’s responsibility to give the ease of payment options to their customers in order to make them feel the best customer experience.

So, today we will discuss the best E-commerce payment gateways in South Korea available for freelancers, entrepreneurs, and businesses.

Remember to checkout MDR | Payout | Payment Methods before proceeding with any of the payment gateways.

Best E-commerce payment gateways in South Korea

South Korea is among the best places to start your E-commerce journey because of the resources that are available in this country.

For individuals and freelancers, PayPal is the best option to move with, and rest businesses & entrepreneurs can move with the above mentioned best E-commerce payment gateways in South Korea to run their E-commerce business successfully.

Useful resources:

E-commerce in South Korea

Set up an E-commerce Online store in South Korea

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