Best Magento 2 Payment Gateways (Latest 2020)

Hello Magento Folks?,

Welcome again at MageComp blog, today I guide you on Best Magento 2 Payment Gateways | The Ultimate Guide where we are going to discuss it in detail. For the latest Magento release note and detailed understanding about the updates do visit All You Need to Know about Magento 2.3.5. Let’s Dive In?.

Introduction:

Ecommerce has shown rapid growth over the past few years and people resort to these platforms for purchase of almost every small thing they require. While maintaining such huge crowds and service efficiency, these online portals have a huge responsibility for developing a secure, convenient, capable, and affordable payment gateway.

Be it domestic or international payments, the payment method has to be constructive for the customers to feel safe while processing the transaction. It is often seen that if these payment gateways are not as reliable as they should be, the customers refrain from making purchases with those sites and brands.

An online store may keep in mind its short and long term goals while deciding the payment options. The store owner can partner with more than one payment gateway in order to give a range of alternatives to the buyers for their convenience, thereby keeping the monthly processing fees of the company in check.

Best Magento 2 Payment Gateways:

PayPal:

PayPal is one of the top- listed payment gateways that offers advanced encryption and 24 hours monitoring, making it the safest option for the customers. You can create a Paypal account for making the payments or use your credit cards to make the transaction to the required E-mail id. 

One of its best features is that PayPal allows credit facilities and you can plan your payment over a period of time. The fees for PayPal is 2.9% along with 0.30 USD per authorization.

Razorpay:

Razorpay payment gateway has the simplest integration with complete online onboarding. It provides an extensive range of payment methods such as Domestic and International Credit & Debit cards, EMI, Netbanking, UPI, and mobile wallets.

It also aids with a robust security system and a seamless checkout for the customers which makes it India’s one of the most trusted payment sources.

CCAvenue:

Authorized by Indian financial institutions, CCAvenue is one of the most trusted payment gateways of India. It is very well integrated with multi-vendor and CS-Cart as well as saves the payment response at the time end. Moreover, it prevents fraud and is very easy to configure. 

Moreover, this gateway provides maximum payment options, multiple currency processing, and multilingual checkout pages which makes the customer experience even better.

CardSave:

CardSave is a UK based payment processing company which is now better known as WorldPay. It is extremely reliable and allows merchants to receive payments across different platforms. It conveniently works with almost all the major cards i.e debit and credit cards. It runs for the large businesses as Corporate Gateway and that for the small and medium scale businesses as Business Gateway.

Bank Transfer:

Bank transfer is also known as a wire transfer. It is a method of payment that permits consumers to transfer money to a bank account around the globe. The consumer is being facilitated with a unique reference number and important details of the bank account By which they can make payment.

Alipay Cross Border Payment :

With the help of this extension, your Magento 2 store will have the improved functionality of taking payment in different countries by the Alipay Cross Payment Gateway which has features to work in all the supported countries.

Juspay:

Juspay is an effective payment solution for online stores. It offers Juspay Safe, a mobile payments browser which is designed and developed to improve transaction time and to improve the success rate. It makes your payments secure and simple. Juspay is not an ordinary Payment Gateway but it gets connected with any gateway with zero interference in the Merchant-PG relations.

PayKun:

PayKun accepts Payments Easily in Your App and Website both. Additionally it supports All Debit and Credit Cards, UPI & EMIs. It has the Lowest Pricing i.e. 1.75% for all 120+ Payment Modes. You can start with Paykun in just 5 minutes. It has 24×7 Technical support. There are no hidden charges and zero Setup fee. 

BillDesk:

With the help of BillDesk, You can organize your payments of bills and expense records in one location. Use the internet to the utmost level for receiving and paying money. You can eliminate the inconvenience and make your payment process streamlined. You can also control your payment with the unique feature of auto-pay.

Choosing and points to evaluate a Payment Gateway

• Choosing a proper payment flow
• Choosing an appropriate product
• Customer security
• Determining the fees and service requirements
• Quick Transactions
• Checkout must be simplified

Final Words

The selection of payment gateways depends on your business requirements. If you wish to boost your sales and keep your transactions secure, then any of these payment gateways are super easy and suitable to your Magento store. Check out the enhanced Magento 2 Payment Gateway Extension for your online store. They will help you in global expansion and simple and no-frill payment for your Magento store.

If you have any queries related to Payment Gateway Extensions then do contact our Support Team for more guidance. I hope the above-described article helped you in expanding your knowledge then don’t forget to share with your Magento friends. Also, let us know your reviews regarding this in the comment section below.

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