Magento Payment Gateway: 5 Benefits that Will Leverage Your Sales

With the increasing demand for online sales, payment gateway integration becomes an inevitable part of any sustainable business. It not only simplifies online payments and makes them more secure but also confirms the credibility and reliability of an e-commerce store.

What Is a Payment Gateway?

Payment gateway is a technology that processes credit card payments for both brick-and-mortar and online stores and ensures payment security either for a merchant or a buyer.

In times when data leakage is a pretty common occurrence, payment gateways provide layers of protection that guard sensitive user information against cybercriminals.

5 Benefits of a Payment Gateway

Despite online payment data security is the ultimate reason to consider payment gateway integration, it enables much more advantages for digital entrepreneurs, which, all in all, translate to increased sales and stronger customer loyalty.

Access to purchases around the clock

Due to a payment gateway, your web store is open 24/7. It gives you the opportunity to engage night shoppers and rest easy while accepting online payments.

Global payments

Many payment gateway providers offer multi-currency and even multi-language services along with their core service — a payment gateway. Even though these extra services have an additional cost, it’s quite a sound investment for businesses that intend to conquer the international market.

Storage of payment information

A payment gateway allows regular clients to store their personal information without the need to re-enter it every time they pay for another order. Moreover, due to the payment gateway software, buyers can store data about different credit cards and pick the most appropriate option once they come for more purchases.

Multiple payment options

Payment gateway software lets you receive numerous forms of payments. Thus, your customers will be able to pay for purchases via Visa, Mastercard, AmEx, Discover, and even PayPal at the same time.

Recommended to read: Benefits of Multiple Magento Payment Gateways

PCI compliance

Each merchant that accepts any form of card payment must be PCI (Payment Card Industry) compliant. Since a payment gateway and a web store use different servers, retailers don’t have to maintain secure networks to ascertain their PCI compliance.

Conclusion

Online payment gateway represents a great asset in digital trading, protecting user data, streamlining the process of receiving online payments, and diversifying user experience.

Integrating a payment gateway into your Magento store, you can enjoy the enhanced capabilities of your business and overcome competition-related challenges.