Multiple payment integration is a crucial part of Magento's eCommerce design and development. It not only offers convenience to merchants and customers but also encourages customers to make more purchases. However, it is important to choose the right payment methods to ensure a secure and seamless checkout process for customers. We hope this blog post helps you choose the most suitable Magento 2 payment gateways for your online store. You can always hire Magento 2 developers at Magento India if you’re new to Magento payment gateway setup and integration. Read more at: https://bit.ly/3XN1uPw

1. In the last few years, Payment has become more cashless and a
massive number of transactions are performed digitally through
credit cards and e-wallets. These methods have become more
secure as well as reduce fraud for both brands and consumers. In
the world of eCommerce where cashless payment has an important
role, several third-party brands have released numerous Magento
2 payment gateways for shoppers ease.
Among various popular Magento 2 payment options available, a few
users can choose cash on delivery. Also, some people prefer to pay
using debit or credit cards for their convenience. Merchants are
most likely to use the card method as it is much safer, more
convenient, and faster compared to cash-based transactions.
Using simple Magento 2 payment gateways for a transaction will
usually incur a fee to the business of around 1.4-3.5%. However, if
you have a merchant account, your cost will be reduced to
interchange fees, which range from 0.1% to 20% per payment. To
select the best Magento 2 payment gateway, you must consider
your needs and your transaction fee. But since there are multiple
options, you might face difficulty in selecting the most appropriate
one. In this blog post, we have listed the most popular payment
gateways with their service tiers.
But before diving into the topic, let’s first understand what a
payment gateway is and how it works.

2. Introduction to a Payment Gateway
A payment gateway acts as a middle person between a bank and a
business. It provides security validation for credit cards using
encrypted cards number. This protects customers from identity
thefts while the payment is transferred via payment processors.
In the checkout process, customers add their credit cards details
like card numbers, expiration dates, and security codes. Next
payment gateway will validate and encrypt it, processing it straight
to the payment processor.
It ensures sensitive information is securely transferred from buyers
to sellers and banks, supporting a safe checkout process. This
process builds the trust of customers on your sites and encourages
them to make purchases.
If you’re new to Magento payment, you can hire Magento 2
developers for real-time support.
How does the Payment Gateway Work?
There are multiple steps involved, but all this happens in a split
second. Customers access your website and where choose a
particular product to buy. After completing the process, they move
to the checkout step for payment. Once the item is confirmed, it will
be showcased in the payment form.
 After paying, the transaction will be processed to the selected
payment gateway. Using this service, the transaction will be
sent to the bank’s processor.
 Next the transaction will be passed through the card’s
network, which will be sent to the bank.
 After verification, the transaction follows the same path that it
has taken.
 Once the transaction is completed, it will inform the customer.
Then the data will be sent to the merchant.
Factors to Select a Magento 2 Payment Gateways
Selecting an ideal payment gateway for your business can have a
significant impact on your sales. The payment gateway must be
aligned with the strategic goals and costs of your business. Hence,
the Magento 2 payment gateway should not cost more transaction
fees than planned and must be highly secure. It should also offer
other features that encourage buyers to purchase more.

3. The key factors to consider before choosing Magento 2 payment
gateways include:
Easy to Integrate
Make sure the payment gateway you select is simple to integrate
with your eCommerce website. There should be no security-related
troubles in integrating the payment gateway with your Magento
store.
The perfect solution for this is to select a payment gateway that
doesn’t impact the website's UX. Choose a payment gateway that
has an engaging interface with fast processing of payments for
customer retention.
Guaranteed Data Security

4. Does the Magento 2 payment gateway is compatible with the
Payment Card Industry Data Security Standard (PCI DSS)
compliantly? This is highly crucial to keep the customers’ payment-
related information independent and secure.
Does the payment gateway have a 3D Secure feature? This needs a
one-time code from the customer to run the secure transaction.
What are the scam prevention and detection features they offer?
24×7 Customer Support
Several payment gateways have limited support services, consisting
of tickets or via email. In this situation, the customers have to go

5. through lengthy payment gateway instructions to fix the issue. If
you are comfortable connecting with the support person via chat or
on-call, then make sure the technical ongoing support service
offers this. Also, check that the support is available within the
standard working hours.
Transaction Fees
It’s important to focus on the time and cost involved to set up a
payment solution. Put simply, making the right selection will save
you money. Most payment gateways ask for a monthly fee for their
services, as well as a specific percentage of each transaction. Before
making a contract with Magento development company,
consider these facts. Most providers will have different options to
serve different types of businesses, as well as real-time access to
official support.
Recurring Billing

6. Recurring billing is helpful to create an automatic billing cycle for
the customers. This is an absolute necessity for eCommerce brands
with payment plans. Subscription-based services comprise of
recurring payment model. Furthermore, brands have found benefits
in recurring billing, as this functionality improves their process to
collect payments from regular buyers.
10 Popular Magento 2 Payment Gateways
PayPal
PayPal is one of the most popular payment gateways used by
merchants and customers. It has more than 218 million consumer
accounts and is used by 17 million merchants. One of the
advantages of using PayPal is that many people are already having
a PayPal account, which facilitates an easy payment process.
PayPal also offers numerous features like it accepts credit cards
such as Visa and Amex. PayPal Pro allows payment in 26 currencies

7. in 200 countries. It also offers seamless card integration, online
voicing, customization options, etc.
PayPal comes with competitive pricing. The process is charged at
2.9% per transaction with no monthly charges. This is an ideal
solution for small and medium enterprises.
Features:
 Supports online payment using credit cards
 Generates customized invoices
 Simple to use, as payments are done in a few clicks
 It doesn’t need setup or monthly fees
 Follows an exchange rate for transactions that require
currency conversions
Pros:
 It is not limited to just paying via your PayPal account
 It is easy to process credit and debit card payments
 Extremely simple to configure
 Account authorization is done instantly
 It’s quick and secure
Stripe
Among the popular Magento payment gateways in the market,
Stripe is also one of the best payment options. It is available in 25
countries and offers features like billing customers frequently,
setting up a marketplace, accepting payments, etc.
Stripe supports up to 100 currencies and has integration with iOS
and Android systems for in-app payments. If you’re tech-savvy, you
can experiment with Stripe. However, there are certain limitations
to using this payment gateway. It does not support a 3D secure
service, and you need to pay an additional fee if you attempt to
change its functionality.
Features:
 It needs requires no setup
 There is no need to pay monthly fees
 Supports integration with Android and iOS platform for in-app
payments
 Unlimited options for plan types
 Offers coupons and free trial periods
 Instant debit card transfers

8. Pros:
 If you are technically strong, stripe is your gateway
 Provides several development opportunities
 You are free to access every minute detail
 Provides features for advanced reporting
 Allows you to build teams and allot permission levels
Authorize.net
One advantage that Authorize.net has over other Magento payment
gateways is the simplicity that it offers. Unlike PayPal or Stripe, it is
a lot easier to set up. The payment options are created for
merchants to allow them to sell in local and online stores. It fulfills
the task of a full staff and organizes and stores data which helps in
fraud detection without regular checks. Authorize.net is considered
to be one of the best Magento 2 payment gateways for merchants.
The fees for merchant accounts include a monthly charge of $25,
with a per-transaction fee of $0.10, and everyday batch fees of an
extra $0.10. The cost of Authorize.net is tailored according to the
enterprise’s needs.
Features:
 Provides secure solutions for online purchases from both
desktop & mobile
 It has a free mobile app for users
 Presence of free tools to prevent fraud
 Free 24×7 official support is available
Pros:
 Stores customer data in a simplified manner
 The customer support team is extremely helpful
 It is compatible with both online and mobile payments
 Accepts a wide array of cards
 Helps you prevent fraud and store data securely
Amazon Payment
Launched in 2007, Amazon Payment provides secured and
streamlined services for its customers. Amazon Payment users can
perform all on-site transactions with a single account. It ensures
seamless shopping experiences for customers as they don’t need to
enter their personal or business information for various sites.

9. You don’t need to worry about monthly and license subscriptions
with Amazon Payment as Amazon fees are based on transactions
and include a processing and authorization component. Amazon
Payment’s transaction fees include a domestic fee of around 2.9%
and an authorization fee of $0.30. It also includes tax when the
payment is authorized and processed.
Features:
 Fraud detection system
 Supports controlling of the entire shopping experience
 All transactions are completed securely on eCommerce site
 It is compatible with your existing CRM systems
Pros:
 Customer protection system
 Verify and validate customers with a familiar login
 Numerous merchant tools, such as payment marks and
buttons, logos and marketing guide
Braintree
Braintree is an all-inclusive PayPal service ideal for businesses of all
sizes and types. It allows merchants to accept, process, send and
appropriately split the payment, and helps them increase their
revenue. Braintree holds a partnership with a renowned payment
provider PayPal which helps them ensure a seamless checkout
process. It supports over 130 currencies in 40 countries.
To meet the requirements of all businesses, Braintree provides
services in 4 modules for:
 Merchants and donation collectors,
 Businesses that need to process their payment for better
management
 Providers who want to collaborate with merchants and act on
their behalf, and
 businesses that are seeking partnership and revenue growth
opportunities.
Features:
 No monthly fees
 Presence of flat rate and interchange plus pricing features
 Manage acceptance rates
 Ready-made UI to build a safe checkout for eCommerce
website or app

10. Pros:
 Well designed and highly-secure
 You only pay for needed service
 Offers 3D Secure and global payment methods
WePay
WePay targets omnichannel, point of sales (POS), and web
requirements of the eCommerce platforms. Some of its key features
include quick registration with the merchant’s email address, API-
based Magento 2 payment options, etc. For online and in-person
interactions, it supports a customizable process where you can get
complete control of the flow.
The payment option also supports multiple payment schemes such
as ACH and credit/debit payment, and customers can choose to pay
on a daily, weekly, or monthly basis.
WePay has a processing fee of 2.9% + $0.30 per transaction with
no additional costs. For ACH payments, they process them at 1%+
$0.30.
Features:
 Easily accepts credit, debit, e-check and digital wallet
payments
 Availability of Card-present solutions
 Same-day deposits for merchants with a Chase bank account
 Access reports on earnings and performance
Pros:
 Integrates payments within the merchant’s platform
 No need to Chase Integrated Payments by users
 Several customization features
 Custom risk management
Skrill
Skrill is a new UK-based Magento payment gateway designed for
both businesses and individuals. Within Europe, buyers can request
a prepaid Mastercard, and use it for fund withdrawal or buy goods
at any convenient time. Skrill supports more than 30 currencies and
you can sell your products and services to global customers.
Creating a Skrill account is free of cost, and it charges about 1-2%
for various types of transactions.

11. Features:
 PoS Transactions
 Website Payments
 Saved Cards
 Mobile Payments
 Multiple Currency Processing
 Invoice Payment - Enables merchants to accept payments
through custom links.
 Recurring Billing - Enables merchants to charge on a recurring
basis from customers.
Pros:
 Secure Checkout
 Charge back protection
 Cards and Local payment methods
 Simple Integration with a single API
 Multi-currency account
 Enhanced fraud management.
SagePay
Ensuring security and fraud reduction are the top priorities of
SagePay. The payment method provides two tiers of the package –
the business package for small-medium businesses, and the
corporate package for large-scale enterprises. These packages will
allow you to accept the majority of credit and debit cards, including
Visa, Mastercard, and PayPal.
SagePay allows users to customize their pages and access
transactions through mobile devices. It also comes with a reporting
tool that helps in tracking transactions.
SagePay has a monthly fee starting from £20.90 for 350
transactions, or £45 for 500 transactions per month. There is
customized pricing for corporates. There are no setup costs;
however, if you own a registered PCI DSS certificate, you need to
pay a fee of £20.
Features:
 Enable/disable payment services straight from the admin
panel.
 Compatible with all the cards consisting of debit, credit, Visa,
etc.
 The admin can support 3D secure authentication direct from
the backend.

12.  Admin has liberty to refund the invoiced amount for orders.
 PCI compliant payments system.
 This module offers the capture later feature for the funds.
 Admin can limit the customer to use some specific cards.
Pros:
 Easy way to accept payment from all sorts of cards.
 Simple way to claim refund.
 Decide either to enable the 3D Secure or not.
 Verify the 3D Secure status from the transaction details.
Cybersource
Cybersource is one of the most popular Magento payment gateways
available in the market. It offers payment gateways in more than
50 currencies and 28 languages. The payment option only supports
the Magento Enterprise edition. However, it has also acquired
Authorize.net and thus, it has access to up to 400,000 businesses
across the globe.
Cybersource is a reliable and trustworthy payment gateway for
payment processing, data protection, and fraud detection. It
supports numerous credit/debit cards and multiple other digital
payments, including Mastercard and Visa, PayPal or Visa Checkout,
etc.
To manage fraud, the payment gateway provides features like
Address Verification Service, Card Verification Number, Fingerprints
and Case Management, and more.
Cybersource has a fee of $0.35 per transaction, and Visa and
Mastercard are subjected to a 2.39% discount.
Features:
 Accept payments both in-person and via mobile, from across
the globe
 Fight cyber fraud with advanced, and automated screening
process
 Store sensitive records like card data in secure data centers
 Access additional services, consisting of global tax calculation,
& recurring billing.
Pros:
 Make payments worldwide.
 Assist sellers with international growth.

13.  Improve time to market and scale on demand.
 Offer secure payments globally.
 Offer a complete array of payment methods in diverse
markets.
 Sell, buy, and pay your way.
eWAY
Another payment option available for the Magento Commerce
edition is eWAY. It is an Australian-based payment method and
holds 25% of Australia’s online market and trading across 5
countries. eWAY comes with an easy setup and over 250
integrations that require little-to-no coding skills. It also includes
free fraud prevention tools to help you strengthen the protection for
your customers.
eWAY also has a nominal transaction fee of 1.5% + 25c for’ both
domestic and international cards.
Features:
 Innovative with rich technology infrastructure
 Flexibility and easy engagement
 Local Expertise and presence
 Organizational agility
 Advance security control
 Business scalability with redundancy
Pros:
 Anti-fraud solutions
 Secure Payments & reporting
 Tools to help your business grow more
 Credit card payments
When selecting a Magento 2 payment gateway for your e-commerce
business, make sure to select the one that meets your both short-
term and long-term ones. Although we only discussed about 10
Magento 2 payment gateways, there are several other available.
Make sure to have a closer look at each payment gateway and
compare the feature set. Decide which one meets all your business
requirements.
Wrapping Up
The digital transaction has dramatically changed with the
introduction of online payment services, which has made checkout
simplified. The top 10 Magento 2 payment gateways mentioned

14. here are not the only choices available. These are some of the most
reputed and dependable ones offered for Magento store owners. If
you’re looking for other services like Magento migration or speed
optimization to add to your eCommerce website, we’d love to help!
Multiple payment integration is a crucial part of Magento's
eCommerce design and development. It not only offers
convenience to merchants and customers but also encourages
customers to make more purchases. However, it is important to
choose the right payment methods to ensure a secure and seamless
checkout process for customers. We hope this blog post helps you
choose the most suitable Magento 2 payment gateways for your
online store.
You can always hire Magento 2 developers at Magento India if
you’re new to Magento payment gateway setup and integration.