Top 8 Popular Magento 2 Payment Methods for e-Commerce l 2024 Updated

November 23, 2020

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Top 8 Popular Magento 2 Payment Methods for e-Commerce

Magento is an e-commerce platform that is used by online stores. It is a great platform for aspiring businessmen who want to take their business to the very top. Magento is a user-friendly software that almost everyone can use. It is SEO driven so business owners don’t have to make much effort to work on the SEO. Magento 1 was already very successful, but the new version definitely takes the cake for being the best. This is the reason why it has a lot of popularity and expansion over 250,000 stores online. Also, it’s necessary to choose most popular Magento 2 payment methods for your store.

Table of Contents

Why You Should Go For Magento 2

1. Flexibility

Your company can explore its full potential when it joins Magento 2. It is powered by the latest technology which allows it mold to your e-commerce business needs.

2. High Engagement

No matter what device you use this on, it will provide you with an engaging experience. Its design is to cater to customers in the best way possible.

3. Increased Productivity

When you join Magento 2, your business will grow rapidly. Its efficiency allows businesses to achieve their business goals more easily.

4. Fast Service

With the help of Magento 2, you wouldn’t have to suffer low page loading speeds. The conversions at Magento 2 are super-fast and enhance customer experience.

5. Secure

Magento offers different gateways for you to use, and security is a promise they never fail to keep. You can use PayPal, Braintree, and Authorize as the most prominent payment gateways.

6. Regular Upgrades

Unlike other e-commerce platforms, Magento 2 is regularly updated to fit with the changing trends. It also has impeccable maintenance which allows it to be very user friendly as all bugs get fixed immediately.

Now that you have decided to get Magento 2 let us look at the payment gateways it has to offer. It is very important for you to choose the best payment gateway for maximum security. You must keep your bank details private, and for that, you must be very cautious of the gateway you choose.

You certainly wouldn’t want anyone to get a hold of your private information. You must also focus on choosing a gateway that will make the configuration a lot easier. If you are not very familiar with the payment methods and what you should look for in one, allow us to help you. While choosing a payment gateway you must focus on three essential aspects:

• Reliability

The payment method you choose should be able to provide you with reliable services so that your customers don’t have to suffer. If your payment methods are not reliable customers might hesitate when ordering your product or services.

• Convenience

Convenient payment methods are the best thing you can provide your customers. To withhold your reputation it is important for you to make things as convenient as possible for your students.

• Diversity

Not all customers can pay you using the same payment methods. You must provide them with various options so that they can see their ease and use the method that fits them the best.

Magento 2 Payment Methods You Can Opt For

The best part about Magento 2 is that it offers multiple payment gateways for its customers to use. Let’s take a closer look at all the different Magento 2 payment methods that are available to customers, and what their specialties are.

1. Authorize.Net

Authorize.net is the simplest method that you can use. There is no complexity when it comes to using Authorize.net. This gateway works for both the local franchises and online stores. For business owners, it is a good idea to invest in this method as it allows you to identify scams without constantly looking for them. If you have a big business, Authorize.net is the perfect fit.

2. PayPal

PayPal is the most popular Magento 2 payment method that is used by e-commerce companies. It is the most commonly used payment method which makes it a lucrative option. Most people in your audience may already have a PayPal account. It also offers different more than 26 currencies and is operable in 200 countries. The services it offers do not match with any other payment method up till now. The price range allows companies of different statures to use it as their premium payment method.

3. Stripe

Stripe is a top deliverer of the payment methods. It has some new exciting features and can assist over 25 countries. You can use its services for over 100 currencies. It Is also integrated with two of the leading mobile software. If technology is your forte, Stripe is the best platform for you. This Magento 2 Stripe Payment extension will be a great option for your online store.

4. WorldPay

Many business owners choose WorldPay for their businesses as it is a one-stop solution for businesses of different sizes. It is also greatly favored by consumers because of its easy to use technology.

5. SagePay

This platform provides foolproof security and is a top choice of many businesses. You can easily track any fraud because of its advance technology. Its credit card protection is known to be the safest among all its competitors. Customers will surely thank you if you opt for SagePay as your payment method.

6. Skrill

Skrill is a very convenient platform that allows users to make payments in the easiest way. You can make transactions in more than 30 different currencies. It also has low charges so you and the customer don’t have to bear high expenses.

7. Braintree

Braintree is a payment method that is a service of PayPal. It is highly suitable for businesses of all sizes and types. Their services are very smooth, as they are in cohorts with PayPal, which is a big brand. It operates in four categories. If you belong to any of the four categories you are good to go.

8. CyberSource

CyberSource is a very popular payment gateway for Magento 2. It is available in over 28 different languages. Many customers trust them because they have a very thorough payment process and have a customer base of 400,000 businesses across the globe. To provide maximum security CyberSource offers services such as address verification, case management, and much more.

9. EBizCharge

EBizCharge is an increasingly popular payment gateway that works seamlessly with Magento 2. It charges a very low fee, and provides extremely powerful fraud protection tools that protect customer’s data. In addition, it integrates your Magento payments to your accounting software for automated reconciliation.

To Sum Up

E-commerce businesses are more popular now than ever. From Dissertation Writing Services to ordering food online everything is inching towards e-commerce businesses. It is very important to have a proper Magento 2 payment method so that your customers don’t have any reservations ordering from you. More importantly, you should move with the time and advance your services to get an edge over other companies.

Author’s Bio

Angela is a business enthusiast and is always on the search for different platforms that can aid different businesses. She has an MBA and also offers Dissertation Writing Services to students all over the country from time to time.

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