In this blog, we are reviewing our top 9+ Magento 2 payment methods for accepting payments on the web. The payment method system has grown dramatically over the last decades due to the growing spread of internet-based banking and shopping. The world nowadays advanced more with technology development so more payment methods and payment processing devices appear more and more. Hence, the more you know about these trending payment tools, the more marketing strengths you can gain for your business career.
A quick primer on Payment Methods:
Before getting started, here are just a few things to know about the payment system:
Table of Contents
What is the Modern Payment Method?
A modern payment method directly integrates with your point of sale and delivers a robust payment experience for both sellers and customers. It helps connect merchants to a total payment ecosystem, from merchant services to remote terminal solutions, to hardware procurement.
The benefits of Payment Methods
For Customers
- Time savings: makes funds transaction in a few minutes with a waste of no time.
- Expenses control: has your electronic wallet where all the expenses and transaction history are recorded on your account. Control and manage your expenses instead of not controlling using cash.
- Reduce the risk of money lost: eliminates the security risks that come with handling cash money.
- Low transaction cost: only costs 1% of the total amount fee in this kind of operation which is considerable. Meanwhile, you probably know that paying through unattended payment terminal for internet or mobile bills cost customers high fees
- High speed and increase convenience: can be performed at any time, anywhere with high speed and in a few minutes without a waste of time since all you need to have is access to the Internet.
- Low spend on paper and postage: spends less money and trees on paper and postage.
For E-commerce business
- Increased Sales: accesses an online website and purchase any kind of product or service from everywhere and every time with no geographic or time limits. Encourages consumers to buy from your business more often.
- Last-minute deals: grabs a cost-saving deal even at the last minute when business owners throw for saving money.
- Ease of adding payment method: adds payments to your website and starts providing customers online payments then enjoys the advantages and increased sales.
- Credit Card Payment: uses credit cards to make payments, even though they don’t have money in their bank account.
- Instant Payment: makes the payment in a few minutes and on the other hand you will receive it as fast.
- Save money: significantly improves businesses and optimizes workflow while it can save your business a lot of money by reducing expenses spent on time, work, and papers. Prevents fraud and improves data accuracy so that you would be able to make efficient financial decisions.
Collection Of Magento 2 Payment Methods
| Product name | Payment Method | Price | Highlight features | More details |
|---|---|---|---|---|
 | Magento 2 Cash On Delivery | $89.00 |
| View now |
 | Magento 2 Stripe Payment Gateway | $45.00 |
| View now |
 | Magento 2 ZaloPay Payment extension | $49.00 |
| View now |
 | Magento 2 Admin Payment Method extension | $49.00 |
| View now |
 | Magento 2 admin payment method PRO | $99.00 |
| View now |
 | Magento 2 Nab Transact Payment Gateways | $149.00 |
| View now |
 | WePay for Magento 2 | $199.00 |
| View now |
 | Magento 2 Bendigo Bank Payment Gateway | $149.00 |
| View now |
 | Magento 2 Mastercard payment gateway MIGS | $149.00 |
| View now |
 | Magento 2 Mastercard payment gateway MPGS | $149.00 |
| View now |
 | Magento 2 Commonwealth Bank CommWeb | $149.00 |
| View now |
 | Magento 2 Westpac Payway Payment | $149.00 |
| View now |
 | Magento 2 onepay payment gateway | Free |
| View now |
 | PayTrace Payment Gateway Magento 2 Extension | Elsner | $199.00 |
| View now |
This list is categorized based on marketing criteria such as reviews, prices, highlight features, and so on. Furthermore, these modules are all from Landofcoder so each product is compatible with Magento 2.0.x – 2.4.x CE, EE, Cloud. For our refund policy, if the product fails to meet your expectations, you can get a 30-day money-back guarantee for any paid product from the time of purchase.
An optimal Magento 2 payment method is one that serves you best
Choosing the most suitable eCommerce payment method is crucial to the success of your retail business. However, each method is different and has its own advanced features so you can easily choose which one is satisfying your business purpose. For example, Magento 2 Cash On Delivery Payment Method (COD) allows customers to check cash on delivery availability and make payment when getting their ordered products.
While the Magento 2 Stripe Payment Gateway runs while letting customers pay by different cards that Stripe supports. Furthermore, the PayTrace Payment Gateway Magento 2 Extension from Elsner is like to provide an ingenious payment gateway system that is automatically done from the checkout page without wasting any time. In this way, customers can pay their purchases easily and conveniently.
Or like Magento 2 ZaloPay Payment extension, Magento 2 Bendigo Bank Payment Gateway, and WePay for Magento 2 use specifically one method ‘Zalo, Bendigo Bank, Visa,…’ for instant payment and simplify customers’ buying process. These payment methods come with stunning utilities and perform well on any devices.
According to a study of Baymard Institute, the average eCommerce cart abandonment rate at 69%; however this conversion rate can be improved up to 35% with some payment optimization to the check out process. For that reason, companies that invest in e-commerce are focusing more on different payment methods as a means to boost the conversion rate up and attract more customers.
That’s ALL!
We introduce the collection of 9+ Best Magento 2 Payment Methods to suggest you the most suitable module for your online store. You can engage a majority of customers and increase sales as well. With the list, we hope that you can make a wise decision on the best Magento 2 payment method extension for your e-Commerce website.
If you want to add or remove an item in this list, feel free to submit your extension at Submit form.
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