Ecommerce has shown rapid growth over the past few years. And people resort to these platforms for purchase of almost every small thing they require. While maintaining such huge crowds and service efficiency, these online portals have a huge responsibility for developing a secure, convenient, capable, and affordable payment gateway. Especially when using Magento, the store owner can partner with more than one Magento 2 payment gateways in order to give a range of alternatives to the buyers for their convenience, thereby keeping the monthly processing fees of the company in check. In this article, we will introduce top-list of Magento payment gateways.
Best Magento 2 Payment Gateways
PayPal
PayPal is one of the top- listed Magento 2 payment gateways that offers advanced encryption and 24 hours monitoring, making it the safest option for the customers. You can create a Paypal account for making the payments or use your credit cards to make the transaction to the required E-mail id.
One of its best features is that PayPal allows credit facilities and you can plan your payment over a period of time. The fees for PayPal is 2.9% along with 0.30 USD per authorization.
Authorize.net – AIM version
With over 440,000 merchants, customers and thousands of business partners, Authorize.Net has been a trusted payment gateway partner since 1996.
The AIM version is a regular payment gateway, the most common integration for Authorize.net. However, it does not allow you to create recurring payments or save credit card information. It is only used as a one-time payment.
Customers have to enter their credit card details every time they make a purchase.
Features:
- $25 monthly gateway fee
- It charges 2.9% + $0,30 for every transaction
- Provides solutions for online purchases, as well as face to face transactions or mobile
- It has a free mobile app
- You can benefit from free tools that can help you fight fraud
- Free 24×7 support is available
Razorpay
Razorpay payment gateway has the simplest integration with complete online onboarding. It provides an extensive range of payment methods such as Domestic and International Credit & Debit cards, EMI, Netbanking, UPI, and mobile wallets.
It also aids with a robust security system and a seamless checkout for the customers which makes it India’s one of the most trusted payment sources.
Amazon.com
First launched in 2007 by Amazon, Amazon Payments allows you to send (through ACH) and receive money using its own Application Program Interface (API). It is known as a flexible payment gateway. It offers two business services: Checkout by Amazon (CBA) and Amazon Simple Pay (ASP).
Amazon Pay allows you to create an amazing shopping experience for your customers, thus enabling them to spend more time searching the catalog and less time checking out and placing the order.
Features:
- Allows you to control the entire shopping experience
- All transactions are completed on your site
- It integrates with your existing CRM systems
- Price starts at 2.9% + $0.30 per transaction.
- For payments under $10, the pricing is 5.0% + $0.05 per transaction
- Fraud detection system
- Customer protection system
- Verify and validate customers with a familiar login
- Numerous merchant tools, such as payment marks and buttons, logos and marketing guide
Ccavenue:
Authorized by Indian financial institutions, Ccavenue is one of the most trusted Magento 2 payment gateways of India. It is very well integrated with multi-vendor and CS-Cart as well as saves the payment response at the time end. Moreover, it prevents fraud and is very easy to configure.
Moreover, this gateway provides maximum payment options, multiple currency processing, and multilingual checkout pages which makes the customer experience even better.
CardSave
CardSave is a UK based payment processing company which is now better known as WorldPay. It is extremely reliable and allows merchants to receive payments across different platforms. It conveniently works with almost all the major cards i.e debit and credit cards. It runs for the large businesses as Corporate Gateway. And that for the small and medium scale businesses as Business Gateway.
Worldpay
According to its testimonial page, Worldpay services more than 150,000 businesses in the U.S alone. If we add up the customers from the other parts of the word, the number increases considerably. This only proves that Worldpay provides high quality services.
One of the biggest advantages provided by the company is that it is a direct processor. In other words, Worldpay processes all transactions in-house. No third party is processor is involved.
Features:
- Merchant accounts
- Mobile payment
- Integrated cash register/POS options
- ATM services
- Reporting and analytics
- Different fees apply:
- Signature debit transactions: 0.99% + $0.20 per transaction
- Standard credit transactions: 1.99% + $0.20 per transaction
- Rewards credit transactions: 2.60% + $0.20 per transaction
- Corporate/T&E/keyed credit transactions: 3.30% + $0.20 per transaction.
Choosing and points to evaluate a Magento 2 Payment Gateway
- Choosing a proper payment flow
- Choosing an appropriate product
- Customer security
- Determining the fees and service requirements
- Quick Transactions
- Checkout must be simplified
Final Words
Online payment has revolutionized digital commerce, making checkout faster and easier than before. The use of an ultimate payment gateway can help retailers and their clients speed up the checkout and money transfer process. Magento 2 stores should consider adding a Magento payment gateway extension with Magento Integration Services to take use of a full-featured payment gateway as well as the additional functionality available only through Magento extensions.
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