To run an ecommerce store, you must integrate the website with at least one payment gateway. But to bring the best shopping experience to different customers, you should provide them with various payment gateways. In this post, we will suggest you Top 5 popular Magento 2 Payment Gateways for your online store.
What is Payment Gateway?
Payment gateway can be defined as the middle man between the online store owner and the buyer. Since e-commerce business entails an online experience, the payment transaction needs to be online as well. Online e-commerce stores use credit cards as their transaction channel.
Whenever a customer buys a product, they pay with their credit card using a payment gateway service which is then directed towards the payment processor. Then, your bank will receive the transaction details. Upon their approval, the online store owner or the merchant gets the money. Your transaction can also be denied based on your bank account’s credit.
Why You Should Choose the Right Payment Gateway?
If we go for the obvious, then definitely for security. Your bank account details are sensitive. Online transactions carry the risk of security that can sometimes be devastating. For buyers, it is essential to trust reliable payment gateway channels. You don’t want to jeopardize your bank account or credit card’s detail.
Secondly, choosing the right payment gateway also entails functionality and ease of use. As a buyer, using simple and easy to use payment gateway channels ensures that there is no lack of confusion and misinformation. As for the online store owner or merchant, incorporating trusted payment gateway channels are a way to ensure that the store is reliable and trusted.
How to Choose Suitable Magento 2 Payment Gateways?
If you are an e-commerce business owner working on Magento 2, you need to incorporate the right payment gateway channels for your business. In a nutshell, your e-commerce business or online store vastly depends on how well you integrate payment gateway channels. You need a payment gateway channel that satisfies your objectives and business goals.
Moreover, it needs to provide security and convenience. The ability to protect and secure customer’s information defines how good a payment gateway channel is. If you want your business to thrive, you need to integrate as much credit cards as possible. By creating a diverse range of options, you provide convenience which your customers want. You can do that by integrating more than one payment gateway channels on your online store. Your e-commerce business first needs to establish a professional and secure transaction procedure. Then, it needs to provide products that are of quality. The two needs to go hand in hand.
Most Popular Magento 2 Payment Gateways
We have discussed the potential of Magento 2 and what it entails. We have also discussed why you should choose the right payment gateway for your e-commerce stores, and how you should go about it. Now, it is time to discuss the top 5 Magento 2 payment gateways that you need to consider for your e-commerce stores. In this article, we have jotted down the major payment gateway channels that are reliable and provides ease of use.
There isn’t a better platform to start with than PayPal. PayPal is an online transaction platform that is popular among the merchants and buyers both. PayPal is at the top of our list because it offers secure payments that have been proven again and again. PayPal has stood the test of time and is now catering to over 200 million people.
PayPal can be downloaded for free and anyone can register their account quite easily. PayPal offers direct bank connection. You won’t have to use your credit card if you opt for that option. PayPal is an all-rounder and the best pick for your Magento 2 e-commerce store.
Another payment gateway channel that has stood the test of time is Authorize.Net. Founded in 1996, Authorize.Net is a powerful payment gateway tool that you need to look out for. Catering to over 400,000 users in the world, Authorize.Net is a popular payment gateway that many merchants use and integrate on their online stores. If you are looking for a credible and trusted payment gateway platform for your Magento 2 e-commerce site, Authorize.Net is the one for you.
For your Magento 2 store, another contender is Stripe. When it comes to providing convenience and diversity, Stripe proves to be in the same equation as PayPal. Launched in 2011, Stripe supports currencies of over 100 countries. Moreover, Stripe brings a transparent experience with no hidden charges or extra charges for that matter. You don’t have to pay any extra bucks for registration. You can easily integrate Stripe into your Magento 2 e-commerce store.
#Recommend: Magento 2 Stripe Payment Pro
Another Magento 2 payment gateway platform that you need to consider is SagePay. Especially for the business owners or merchant, this tool is recommended. It limits the fraud transaction by ensuring a secure and optimal payment experience. Moreover, SagePay’s credit card protection makes it a class of its own. If you want to provide your customers with a secure and reliable payment gateway, SagePay is your pick.
WorldPay is a renowned payment gateway platform used by many merchants for their e-commerce online stores. This service provider is not only popular among the buyers and consumers of the world, but also it provides business owners and merchants with many benefits. One such benefit is that this popular platform adapts to businesses of all size. So, regardless of your business size, whether it is, an established firm or just a startup, WorldPay offers a convenient manager to track all of your transaction processes.
The right Magento 2 payment gateway platform integrated into a well-established and managed e-commerce site will bring fortunes. E-commerce experience is all about comfort and security. As an e-commerce business owner, you need to make sure that security and data protection should be your main concern. Create a compelling e-commerce site, integrate it with the right payment gateway channels, and see the increase in revenues.
Jade Wyatt is a well-established academic with two PhDs. She also offers dissertation writing services to students. Likes to travel in his free time.
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