In this digital age, eCommerce stores are increasingly tremendously catering to different customers. But, not all eCommerce stores are successful. The success rate and the efficiency level of the online store can be measured by customer satisfaction level. A seamless shopping experience with a smooth payment process and hassle-free checkout process plays a vital role. And when it comes to your eCommerce store on Magento, installing an efficient payment gateway is quite important.
There are different payment gateway options available on Magento 2 platform. You can pick the right one according to your business requirements to integrate into your store. However, it is important to understand which payment gateway works best for your Magento store. Therefore, let’s first walk through the major payment gateways of Magento 2 to pick the optimal one.
One of the most popular and most preferred payment gateways, Amazon Pay has been offering hassle-free and secured checkout processes. Offering support for all the leading currencies across the continents, it also offers multi-lingual support. Amazon Pay has designed and developed two varied business services. One is a Checkout by Amazon and the other is Amazon Simple Pay, which helps merchants to accept on-site and online transactions.
Although Amazon pay has a transaction fee, it varies for international and domestic transactions. The payment gateway Amazon Pay has a faster check-out functionality, which can bring in exponential improvements in the conversion rates for your Magento store online. In addition, you don’t have to worry about monthly and license subscriptions with Amazon pay.
Well known for over the years and no doubt the widely preferred payment gateway PayPal has an excellent reputation for secure payments. Invariably, PayPal has gained huge trust from over 218 million customers and 17 million merchants worldwide.
PayPal is the most significant payment gateway in the eCommerce ecosystem, and the best thing about PayPal is that as most people already have a PayPal account that makes the payment process a lot easier. It also offers a seamless checkout process for customers with its express check-out button. So, if you need to integrate PayPal into your online store, the Magento web development India company can assist in no time.
Stripe is another payment gateway for your Magento 2. platform. Whether you are looking for convenience or diversity, Stripe proves to be the best one as it is similar to PayPal. Supporting currencies of around 100 countries, Stripe offers a transparent experience with no hidden charges or extra charges for any of its services. Whether it is about registration or asking for help, Stripe won’t ask you to pay EXTRA. An added advantage, you can integrate Stripe into your Magento 2. Store easily with the help of a reliable Magento website development company.
Among many, Cybersource is one of the trusted gateways in payment processing. It also helps in fraud detection and data protection. This payment gateway offers easy processing of multiple credit and debit cards as well as many alternative digital payments such as Visa and Mastercard, Paypal or Visa Checkout, and more.
Magento 2 not only brings payment gateways for big and medium-sized businesses. It also has a customized payment gateway Square for small online stores on platform Magento 2. If you have a small business, you can for this, without a doubt. The Square offers support for in-person transactions and credit card transactions. It is highly beneficial for small scale businesses as there are no monthly subscription charges, though, for transactions, it has a standard processing fee.
Furthermore, Square payment gateway can easily work with Shopify e-commerce stores. This implies that your Magento web development services can easily carry on Magento to Shopify migration without any inconvenience.
Available for every business, SagePay has been used for over 40 thousand online stores. This payment gateway is well known for fraud deduction and reduction as well as it offers high-end security. Additionally, this Magento 2 payment gateway can easily optimize the security of customer’s card information for tight security.
The beauty of SagePay lies in its various payment processes and interfaces. Due to these specialities, this Magento 2 gateway can meet the specific demands of various businesses. Primarily, SafePay offers two packages one is a corporate package for huge enterprises and the other is a business package for medium and small businesses.
Another payment gateway of Magento 2 that rose high and stood the test of time is Authorize.net. It is one of the powerful gateways that has been serving the needs of over 400,000 users around the world. No doubt, it is the popular payment gateway that many merchants prefer and use in their online stores.
More precisely, Magento eCommerce development company helps in the easy integration of Authorize.net into your Magento 2.0 e-commerce site. Its user interface is highly convenient and it also supports both debit and credit cards. Although it asks for monthly charges and transaction fees, the setup is absolutely FREE.
With more than 17 million customers, CartaSi has become the most popular payment gateway for Magento 2 eCommerce stores. The businesses on Magento 2 can set up the payment programs on the back-end system. However, the total order count will decide the ultimate payment gateway. Moreover, under the Cartasi payment gateway, two packages are available currently. Both of these systems have special features. Although there are transaction charges for every transaction, you need not have to pay for any setup costs.
Over 4 lack merchants on Magento 2 are using payment gateway WorldPay and its services are available for over forty countries. This Magento payment option works best for any business – any size or type. When it comes to currency support, it offers support to over 120 currencies across the globe along with a hassle-free checkout process.
In addition, it also offers on-site payment processing for quick checkout. It also has a management tool that will generate and manage the reports, data, and other insights. With the aid of Magento development company In India, you can easily integrate this payment gateway. Also, you can save the order information and card details with a vault available in this WorldPay gateway.
With more than 50 thousand merchants using it and supporting more than 87 currencies of various countries, 2Checkout is also one of the most preferable payment gateways of Magento 2.0. Surprisingly, it supports 15 different languages and can be well connected with multiple estores, irrespective of which platform they are on. Yes, it means that you can opt for Magento Shopify migration with the support of Magento web development India company without changing the payment gateway.
In addition to this, the 2Checkout payment gateway can seamlessly accept over eight payment methods, such as PayPal, debit cards, and credit cards. An icing on the cake, Magento web developers have designed it considering over 300 different rules that assure you the utmost security for every transaction.
The best payment gateway for your Magento 2 store is the one that best serves your business requirements. No doubt, choosing the right Magento Payment gateway for your eCommerce store is crucial for the success of your business.
Moreover, Magento 2 stores can consider integrating a Magento payment gateway extension to enjoy the benefits of a full package including a feature list as well as the extra features that only Magento extensions offer.
However, if you have special needs, then you can go for Magento ecommerce development company to help you create customized Magento payment modules that helps improves your customer experience and boosts your brand image while increasing your ROI.
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