For any eCommerce store owner, a payment gateway needs to be the priority. As most transactions are done through debit/credit cards a payment gateway is crucial to make sure the security of the transactions. Though, many business owners might be confused with what a payment gateway actually is. Therefore, in this blog we’ll be sharing what a payment gateway is, why you need one and the best payment gateway for Magento 2 to integrate on your Magento store.
A Magento 2 payment gateway works as a mechanism that analyses and transfers payment data from a customer to a merchant’s bank account. It is crucial for a quicker, smooth and secure payment process. Payment gateways can be a great measure to ensure how satisfied a customer is with the support they are getting through your Magento website.
Best Payment Gateway For Magento 2
A superior checkout process should be a quick and smooth one that offers a proper payment gateway option. But, with such vast information available to us, eCommerce store owners may have difficulties in choosing the best payment gateway for their Magento store. Below mentioned are top 5 best payment gateway for Magento 2:
PayPal
One of the best payment gateways has to be Paypal. Paypal has an incredible reputation when it comes to secure payments. To generate a payment through PayPal customers can pay through the PayPal account or credit card. Paypal also allows the customers to purchase with credit, it gives them an option to spend more money and pay for their purchases over a period of time. To ensure there’s no fraud, Paypal provides advanced encryption and 24-hour monitoring.
Stripe
Stripe ensures quicker payments and accepts all the major credit cards. It also provides easier payment options through Bitcoin, Alipay, Android Pay and Apple Pay. It is one of the preferred choices of some big names as well. This payment service provider also provides the buy now and pay later services. Stripe can be your choice when it comes to accepting online payments. But, it is done through the help of an added hardware to carry forward in-person payments.
Amazon Pay
Amazon Pay enables the customers to login and pay through their Amazon account. By integrating this service provider, you reduce checkout time and better revenue. When you pay through Amazon, customers select a payment and shipping method. Also, Amazon Pay comes with the same fraud protection used by Amazon, so that there is no risk of any fraudulent activity.
2Checkout
2Checkout is one of the most preferred choices for the payment gateways. This payment gateway comes with more than 300 fraud rules and CVV verification and address verification to ensure there is no fraudulent activity that is taking place online. To ensure that you maintain incredible payment security, you can go ahead with this payment gateway as well.
To ensure secure and quicker payments on your Magento store, a Payment Gateway service is necessary. You can choose from the different payment gateway service options available out there. Installing payment gateway options on your Magento store can be an incredible step in building a trusted relationship with your customers.
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