Magento 2 Payment Fee Extension

The checkout process is the most crucial stage of every shopping process; in that step, payment methods are considered the most vital ones. That's why having secure, powerful, and multiple payment methods is the secret behind the success of many eCommerce stores. Even if you have successfully attracted customers to your store and, luckily, they are converted and decided to purchase at that time, having limited payment methods, or a lengthy payment system can increase the cart abandonment ratio.

To provide your customers with smooth checkout and payment process, it is important to integrate multiple payment methods that ensure convenient and trustworthy secure transactions within your store environment. Customers are not harmed by offering multiple payment methods, but it costs high for the store owner as they have to pay those payment provider maintenance/fees. The store admin can include the payment provider charges, but it will increase the product price, and due to high product costs, the store’s bounce rate can also be increased. 

To avoid this situation and maintain loyalty towards customers, store admin can stay transparent about the payment provider fee, include it in the subtotal of the order, and let the customer decide the payment method. By doing this, the store admin can preserve price transparency, leaves a positive impression on the customer about the business, and customer loyalty is increased towards the business.

Magento 2 Payment Fee Extension by MageComp allows store owners to pass payment fees to customer orders subtotal transparently. Store owners can also use this extension to encourage their customers to choose a better payment option by omitting the payment fee. The Payment Fee extension charges customers for using specific payment methods. It adds a payment fee to the order total when customers select certain payment methods to complete an order. The admin is free to charge payment fees in either a fixed, percentage, combined (fixed+percentage) or a fixed minimum manner and can set the title to understand charges better. Admins can also configure payment fee tax from the backend if needed.

The Magento 2 Payment Fee plugin lets the store admin charge the payment fees according to the customer groups of guest users, wholesalers, retailers and admins. The store admins are free to add as many payment gateways as they want.

: Payment Fee Extension for Magento 2 Features Highlights :

Some Use Cases of Payment Fee for Magento 2:

Use Case 1: Providing the customers with an easy checkout process, it is important to give them simple and multiple payment methods and to have multiple payment methods store owner has to pay the payment providers maintenance fees. To cover these charges, the admin may require to increase the product prices, but high product prices can lose customers’ interest in your business.

The Magento 2 Payment Fee Extension lets the store admin include the payment fee in the subtotal of the customer’s order. By integrating this payment fee plugin, admins can be transparent about the product prices, increase the brand impression, and not lose customer loyalty. 

Use Case 2: Admins with every type of customer trading with their store must categorize their customers into 4 categories, guest users, wholesalers, retailers and the admins themselves. That admin has to allot different product pricing for each customer group. How can the store admin manage the payment fee charges for each customer group?

If the store is integrated with the Magento 2 Payment Fee Plugin, then the admin can easily choose the customer category to be charged with the payment fee. It is up to the admin to charge all customer categories, or any one of them, or any two of them, or even one of them.

Why Choose MageComp's Magento 2 Payment Fee Extension: