For Magento Store Owners: Best Payment Gateways to Choose From
The level of Magento store performance can be measured by how diverse and seamless the shopping experience customers get is. The checkout process has a huge impact on customer satisfaction and also on their decision to buy or not to buy.
A prominent checkout process must be accompanied by a proven payment gateway to ascertain transaction speed and, what is not less important, security.
Integration of Magento with a payment gateway results in multiple benefits for e-commerce store owners. You can find some of its benefits in this article.
Meanwhile, let’s move on to the list of the best Magento payment gateway extensions to choose from.
Stripe Global
Stripe is a fast-expanding payment gateway, which covers up to 34 countries and serves more than 100000 digital entrepreneurs. Thus, this payment gateway provider opens up new horizons for online merchants in increasing their international market reach.
The Stripe Global for Magento 2 extension allows seamless integration with Stripe. To integrate Stripe with your Magento 2 store it’s necessary first to create a merchant account and get an API key to connect your Stripe account with your Magento store.
Magento store owners can accept payments via Visa, Mastercard, AmEx, Diners Club, etc.
The extension is PCI and GDPR compliant.
Depending on a payment method, online shoppers are able to pay for purchases either staying on your website or being redirected to another page.
Authorize.Net
Authorize.net is another large payment gateway provider, which eases up accepting card payments by merchants worldwide. In fact, Authorize.net processes nearly 1 billion transactions yearly, and this number is expected to grow.
The Authorize.Net CIM payment extension for Magento 2 enables capturing payments without the necessity to ask buyers to leave the checkout page of your Magento 2 website.
As well as Stripe, to use the Authroize.net services, a merchant should have an account on Authorize.net. As for pricing, the payment provider charges $25/month, plus 2,9% + $0,3 per transaction.
Due to Authorize.net, there is no need to collect and store customer private data. Instead, only Authorize.net tokens are stored in the Magento 2 database.
PayTrace
PayTrace is a less widely spread but not less effective payment gateway provider, which provides secure and user-friendly payment processing services.
Just as the Authorize.net extension, the PayTrace Payment Gateway extension offers a direct transaction methodology, which simplifies the checkout process. Therefore, your customers won’t be redirected to any other third-party source to complete their purchases.
Conclusion
Apart from Magento default payment methods, there is much more functionality to enhance your checkout experience and accept online payments in the most reliable and simple way.
Magento 2 store can be integrated with such payment gateway giants as Stripe, Authorize.net, PayTrace, and it’s not the limit!
Visit this article to learn more about the benefits of integrating your web store with some other global payment gateways, like PayPal, WorldPay, Viveum, Braintree, etc.
