Here is a complete list of the best Magento 2 Payment Gateways for you to allow your customers to securely complete their payment cycle in your store.
In this blog post, you will find a Magento 2 payment gateway list that allows your customers to seamlessly finish a transaction in your store.
To make it easier for you to choose, we have listed the pros and cons and pricing of each gateway, with practical tips at the end to help you decide which gateway to use.
Quick Comparision: Top Payment Gateways For Magento 2
| Payment Gateway | Key Features | Supports Currencies | Transaction Fee |
|---|---|---|---|
| Braintree |
| 130+ |
|
| Stripe |
| 135 | Transaction rate: 2.9% + 30 cents per successful card transaction |
| PayPal |
| 25 | Different transaction fees for domestic and international sales |
| WorldPay |
| 120+ | 0.75% to 2.75% depending on the transaction |
| Authorize.net |
| 9 |
|
| Razorpay |
| 100+ |
|
| Opayo (SagePay) |
| 160 |
|
| 2 Checkout (Verifone) |
| 100+ |
|
8 Best Payment Gateways for Magento 2: In-depth
1. Braintree
Braintree, owned by PayPal, is one of the leading online payment solutions provider companies in the USA. This payment gateway is pre-integrated with Magento 2 stores by default. It offers robust security features that can identify risky transactions and potential threats.
Fees:
- 2.59% + 49 cents per transaction for cards and digital wallets.
- 3.49% + 49 cents per transaction for Venmi
- 0.75% per transaction for ACH Direct Debit
Supported Payment Methods:
- Cards, Visa, Mastercard, Discover, JCB, UnionPay, American Express, Diners Club, Google Pay, and more.
Pros:
- Level-1 PCI-compliant payment gateway
- Fraud protection through 3DSecure
- Minimal fees
Cons:
- Less intuitive control panel
- Customer service needs improvement
2. Stripe
Stripe is a leading payment solution and a global payment gateway that supports accepting online payments in more than 25 languages and 135 currencies. It is highly secure, PCI compliant, and offers a scalable payment solution that can be seamlessly integrated into your store using the Magento 2 Stripe BECS Direct Debit extension.
Fees:
- Transaction rate: 2.9% + 30 cents per successful card transaction
Supported Payment Methods:
- Alipay, Afterpay / Clearpay, Bacs Direct Debit, Bancontact, EPS, FPX, and more.
Pros:
- Accept recurring payments
- Easy to set up with no setup fees
Cons:
- Support coverage to only limited countries
3. PayPal
The list of the best Magento 2 payment gateways is incomplete without mentioning PayPal. It is the most secure and reliable payment solution, preferred and loved by customers. The payment solution provides 24×7 customer support to ensure customers never run into trouble. Here, you can use the Magento 2 PayPal Multi Currency extension to accept payments other than your store’s base currency.
Fees:
- Different transaction fees for domestic and international sales
Supported Payment Methods:
- PayPal, Venmo, Credit cards, and Bank Debit.
Pros:
- Reliable, quick, and popular payment gateway for Magento 2
- Extended support for merchants
- Support for multiple currencies to allow global business
- Allows recurring payments to provide subscriptions to the customers
Cons:
- High charges for small transactions
- Sluggish fund withdrawal
4. WorldPay
If you are looking for the best payment gateway for your Magento 2 store, you can not ignore Worldpay. This leading payment gateway is a perfect solution if you are looking for a reliable multi-currency payment gateway. You can easily integrate Worldpay Payment Gateway with the Magento 2 store using Magento 2 Worldpay Payment extension.
Supported Payment Methods:
- Cards, PayPal, Alipay, Giropay, iDeal, Mistercash, Przelewy24, PaySafeCard, Postepay, and more.
Fees:
- 0.75% to 2.75% depending on the transaction
Pros:
- Generate regular payment reports through the intuitive dashboard
- Multi-currency support for global customer coverage
- Enhanced order management and refund processing
- Supports quick payouts and recurring payments
Cons:
- Unclear pricing structure
- Customer service needs improvement
5. Authorize.net
Authorize.net is one of the well-known payment services providing companies that is simplifying electronic and credit card payments that makes the list of the best Magento 2 payment gateways. And this gateway is extremely easy to set up using Magento 2 Authorize.net CIM extension.
Fees:
- All-in-one payment option: 2.9% + 30 cents per transaction
- Payment gateway and eCheck: 10 cents per transaction + 10 cents daily batch fee + 0.75%
- Payment gateway: 10¢ + daily batch fee 10¢
Supported Payment Methods:
- Debit and Credit Cards, eCheck, PayPal, and Apple Pay
Pros:
- Extremely secure payment gateway with advanced fraud detection
- Multi-currency support to serve global customers
- Advanced reporting tools for reconciliation
Cons:
- It can be costly for small businesses/startups
- Processing refunds can be difficult at times
6. Razorpay
If you are looking for a popular Magento 2 payment gateway integration then Razorpay is one of the most popular Indian payment gateways with 100+ payment methods. This powerful payment gateway for Magento 2 is secure, easy to integrate, reliable, and offers instant settlement facilities. It is highly suitable for the Indian Magento 2 store owners to integrate it using the Magento Razorpay Payments extension.
Fees:
- 2% Platform fees per transaction.
- International Credit and Debit Cards: 3%Platform Fees per transaction
- International Bank Transfers: 1.5% Platform fees per transaction
- International Payment Methods: 3.5%Platform Fees per transaction
Supported Payment Methods:
- Debit and Credit Cards, Net Banking, UPI, Cardless EMI, Bank Transfer, and more.
Pros:
- Supports convenient payment methods to customers
- Accepts multi-currency payments from global customers
- Appealing modern UI
Cons:
- Customer support needs improvement
7. Opayo (SagePay)
Sage Pay has remained a well-known name in the UK’s payment industry for its security, reliability, and unique payment solutions. This PCI-compliant payment solution works with the leading banks in the UK and Ireland to process quick settlements of the payments for the merchants. Meetanshi has its very own Magento 2 Opayo Payments extension making it easier for you to integrate.
Fees:
- Flex Plan: 350 transactions per month
- Plus Plan: 500 token purchases per month
- Corporate Plan: 3000+ transactions per month
Supported Payment Methods:
- Debit and Credit Cards, PayPal, Sofort, Giropay, iDeal, eps, and JCB.
Pros:
- Support for multi-currency and multiple payment methods
- Excellent customer support service
- Provides a direct refund facility
- Secured through 3D secure and fraud risk analysis features
Cons:
- Unpredictable pricing plan
8. 2Checkout (Verifone)
2Checkout, also called Verifone, simplifies global payments with innovative payment solutions. This gateway supports over 100 currencies, 30 languages, 45 payment methods, and more than 200 countries and territories worldwide. Such massive coverage allows 2Checkout to be on the list of the best payment gateways for Magento 2.
Fees:
- 2Sell: 3.5% + 35 cents per successful sale
- 2Subscribe: 4.5% + 45 cents per successful sale
- 2Monetize: 6.0% + 60 cents per successful sale
Supported Payment Methods:
- Debit and Credit Cards, Apple Pay, Bank Transfer, ACH, Family Dollar, and more.
Pros:
- Accept global payments through multi-currency and multi-language support
- Wide coverage of payment methods
- Intelligent payment routing and currency management
- Supports subscription and recurring payments
Cons:
- Changing the payment withdrawal method can be challenging
How to Choose the Right Payment Gateway for Your Store?
Picking the best payment gateway for Magento 2 will directly impact your conversion rate. As your customers will be in the final stage of finishing their purchase cycle, any hiccup there can lead to cart abandonment.
To avoid that, here are a few key points to consider:
- Ensure the payment gateway is secure and compatible with Magento 2. Check if the payment provider complies with the industry standards to keep your customer data safe.
- The Magento 2 payment provider should support multiple payment methods like credit and debit cards or digital wallets.
- One of the most important points is the fee structure. Compare the payment gateways not to exceed your budget. You should make profit even after paying to the payment provider.
- This is a good to consider point, depending on the growth of your Magento store. Pick a gateway that offers a global reach and accepts international payments.
Recommended Read: 5 Top WooCommerce Payment Gateway
Seamlessly Integrate Payment Gateway in Magento 2
Payment gateways are at the centre of eCommerce businesses.
Providing a convenient and secure payment experience to customers can add to the user experience and improve conversions. Here, we have covered the best Magento 2 Payment Gateways, but that’s not all.
Discover here 50+ Magento payment gateway extensions to offer flexible payment solutions: Magento Payments Extensions
