Payment Fee for Magento 2

Having secure and multiple payment methods is one the secrets of successful eCommerce stores. Having limited payment methods can increase cart abandonment ratio. For smooth checkout and payment process, it's important to integrate multiple payment methods ensuring trustworthy secure transactions. By offering multiple payment methods, the store owner has to pay maintenance fee to payment service providers. To maintain customer loyalty, store admin can include the payment provider fee in order subtotal and let the customer choosse the payment method. Thus, the admin can preserve price transparency leaving a positive impression on the customer with increased customer loyalty.

MageComp's Magento 2 Payment Fee extension allows store owners to charge payment fee by adding it to orders subtotal when customers select certain payment methods to complete an order. Store owners can encourage customers to choose the most appropriate payment method by omitting the payment fee. The admin is free to charge payment fees as fixed amount, percentage-based, combined (fixed + percentage) or fixed minimum amount & can set custom label to understand charges better. Admins can also configure payment fee tax if needed. The store admin can charge the payment fees according to the customer groups & add as many payment gateways as they want.

Benefits of Magento 2 Payment Fee Extension

Why Choose MageComp’s Magento 2 Payment Fee Extension?

Some Use Cased of Magento 2 Payment Fee Extension

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.

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.