Bringing in sales is the important part of an online business, but the most important thing is – to choose the right method that will help you accept payments.
Thereafter, if your customers face difficulty in paying, that means they are going to leave their cart and with this, you are also going to lose your sales.
Have you ever thought – most of the online buyers cancel their purchases if the payment options method is not available as per their choice?
Therefore, if you wish to run your online business smoothly, then choosing the right payment gateways is crucial for your WordPress WooCommerce store.
Further on, you might be thinking of what Payment Gateway is? Thereafter, have a glimpse on the best WooCommerce Payment Gateways.
What Is WooCommerce Payment Gateway?
A Payment Gateway is a web-based program or service that accept and processes the credit and debit card payment for e-commerce stores. Further, if wish to sell the services or products over your site, then you need a payment gateway.
Continuously, in the e-commerce business, the payment gateway plays the important role to authorize the payment between business person and buyer.
How Do Payment Gateways Work?
Well, whenever a buyer orders a product from the e-commerce store, then the payment gateway performs multiple actions to finalize the entire transaction. Which are as follows:
Encryption: The web browser encrypts the data to be sent between it and web server of the merchant. Thereafter the gateway sends the transaction data to the payment processor that used by the vendor’s acquiring bank.
Authorization Request: Now the payment processor sends the transaction data to the card association. Thereafter, the credit card’s issuing bank see the authorization request and “approve” or “denied.”
Filling the Order: At the payment gateways, the processor forwards an authorization concerning to the consumers and clients. And once the gateway obtains the response from the processor, it transmits the same to the interface you are using (a website or any other platform) just to process the payment.
While working over it, here – it interpreted and an appropriate response is generated. An interesting fact to know about it, is that the entire process typically takes a few seconds at its most.
And within the same interval, the merchant auto fills the order.
There are a few important things to weigh up when choosing a payment gateway
How much does the service cost?
Is the payment gateway available in your country?
What is the checkout process like for your customers?
How and in what time interval will your funds be available?
Can you integrate payment gateway with your chosen eCommerce platform?
Now let’s have a look at WooCommerce Payment Gateways.
Top WooCommerce Payment Gateways
- PayPal Payment Pro Gateway
- Braintree Payment Gateway
- Stripe Payment Gateway
- Authorize.net Gateway
- 2Checkout Payment Gateway
Let’s get cracked in detail!
1. PayPal Payment Pro Gateway
If we come to processing payments, then PayPal is one of the best companies for you. However, by default Paypal standard is integrated into WooCommerce. Further, they have multiple gateways solution – Some of them are simple to use and they are also using the redirection method for payments.
Continuously, it can hold regular product sales by using the direct method. But cannot process the recurring payments like subscriptions.
Finally, this is the easiest payment gateways to configure. PayPal website is redirected to the customer to make their payment. There is no processing, authorization, and security issues for you to worry about at your end.
At the time of purchasing, customers are redirected to the external PayPal website. This can be a usual downside. It does not support date changes for businesses that prefer to bill all customers on the same day of the month.
In addition, PayPal has no setup costs and no monthly fees. It is already there when you install WooCommerce. Finally, PayPal Standard is ideal for small business owners just starting out.
But it is popular, trusted and easy to use payment option, so I doubt many customers will be confusing to purchase if redirected to PayPal.
PayPal Payments Pro is the paid gateway. It is the big brother of the PayPal payment standard. It is as same well-respected PayPal name, but in PayPal pro, you can handle the card payments from your website.
However, the costs of PayPal Pro is $35/mnth and there is a transaction fee of 2.9% plus 30%.
Some Key Points Of PAYPAL PRO Gateway
- Fees are the same.
- Add the PayPal trust symbol to your checkout.
- It has a monthly fee of $30, but no startup costs.
- Add the PayPal trust symbol to your checkout.
- It is only available in the UK, US, and Canada.
- Buyers never leave your site, giving you full control of the checkout process.
- Withdrawals must be manually requested, taking 3-4 days for the funds to hit your bank.
A few of Plugins you can use to integrate PayPal with your WordPress site
- PayPal for WooCommerce.
- WooCommerce PayPal Pro Payment Gateway.
- WooCommerce PayPal Powered by Braintree Payment Gateway.
- PayPal Pro Hosted ($16.99).
- PayPal Pro for WooCommerce ($79).
- YITH PayPal Adaptive Payments for WooCommerce ($79).
- PayPal Pro Credit Card Gateway for WooCommerce ($29).
2. Braintree Payment Gateway
Braintree Payment Gateway is the best solution for you while you are looking for a free option. It is a PayPal company, therefore it can be most trusted for you.
In addition, no monthly fees with Braintree. You can accept payments from PayPal, all Apple Pay, Venmo, credit cards, Android Pay, and also Bitcoin. It has a transaction fee of 2.9% plus 30%. However, your first $50,000 is free (depends on your country).
Further, your customers also have the choice to save their payment details for the easier shopping experience. You can also use Braintree for Woocommerce plugin for integrating Braintree to your WooCommerce store.
Some Key Features Of Braintree Payment Gateway
- Automatic Payment Confirmation.
- Easy to use, install, and configure.
- Allows all major credit cards.
- The gateway is suitable with WooCommerce or WordPress plugins.
- To add a Braintree payment method to WooCommerce – It has the very simple clean code.
3. Stripe Payment Gateway
Stripe Payment Gateway is one of the most popular alternatives PayPal nowadays. It is a fast-growing payment gateway and provides you the opportunity to have on-site payments without the monthly fee.
However, it is also supported by the most popular WordPress e-commerce plugin. This can handle recurring payments. And can process the refunds on its own. There is also a free Stripe WooCommerce extension available.
Furthermore, it processes all the credit and debit cards. And it also accepts Apple pay. However, there is no monthly fee, but there out it cost as a transaction fee of 2.9% + 0.30 percents in all over the transaction.
Under the PayPal, whenever a customer disputes a charge. It sets you back $15 and if you win a dispute then you get this fee for the refund.
You may accept over 100 currencies which are automatically changed to your default currency? It is one of the best methods for international businesses.
Here are some key points of STRIPE Payment Gateway
- 2.9% + $0.30 transaction fee.
- No setup costs or monthly fees.
- Customers can pay using any major credit card.
- Money received is transferred to your bank on a two-day rolling basis.
- You can use these plugin to integrate Stripe with your WordPress site.
- Stripe is currently available in 25 countries, with more expected to be added.
Plugins you can use to integrate Stripe with your WordPress site
- Stripe for WooCommerce.
- Stripe Payment Gateway WooCommerce Addon.
- YITH WooCommerce Stripe ($79).
- Stripe Payment Gateway for WooCommerce ($29).
4. Authorize.net Gateway
The Authorize.net CIM is a popular choice for multiple businesses. As it comes with various features on its own. The setup cost is $49. In addition, it also has a $20 monthly fee. Towards the transaction fees which are 2.9% and 30%.
Authorize.net gateway accepts all major credit cards and debit cards, PayPal, and also handles the refunds, pre-orders, and subscriptions.
Hence, all the transactions are on-site which somehow means the buyer will never leave your site. And also means that you will need to have SSL certificate installed in your setup.
In price, you too get an Advanced Fraud Detection Suite. Consequently, a quick-sync along with QuickBooks. To make the accounting side of your business a little easier than all.
Whereas, you can accept international transactions from customers. From the worldwide and can use plugin process refunds automatically from WooCommerce setup.
Key points of Authorize.net payment gateway
- On-site checkout process.
- 2.9% + $0.30 transaction costs.
- Available in US, Canada, Australia, UK, and Europe.
- Customers can pay using any major credit card and PayPal.
Plugins you can use to integrate Authorize.net with your WordPress site
- Authorize.net Payment Gateway For WooCommerce
- Authorize.Net Payment Gateway WooCommerce Addon
- WooCommerce extension for Authorize.net CIM ($79).
- YITH WooCommerce Authorize.net payment gateway ($79).
- Authorize.net Credit Card Gateway for WooCommerce ($29).
5. 2Checkout Payment Gateway
2Checkout is one of the most popular payment gateways. Further, it can accept PayPal, debit and credit cards with no additional fees. However, in the event of a chargeback, a fee of $25 will be charged. There are no setup fees and no monthly fees.
Continuously, the 2Checkout’s international payment services are available to consumers and merchants across 200 countries. It lets customers make purchases in 15 languages and 87 currencies. Conversion to your home currency incurs an average fee of 2-5% above the daily bank exchange rate.
Furthermore, there is no SSL certificate is needed for your site. Thereafter, once the order is confirmed, then the user is taken to the thank you page. You should read our guide on how to add SSL and HTTPS on WordPress Websites.
Plugins you can use to integrate 2Checkout with your WordPress site
- 2Checkout Plugin ($79).
- 2Checkout Inline Checkout ($79).
- WooCommerce 2Checkout Gateway + Recurring + Inline Payments ($29).
There are many other WooCommerce Payment Gateways. Which are as follows:
a) First Data
On your site with First Data, your customer easily and Let your customers easily and ideal check out. Customers can securely save their payment method to their account for easier checkout and you can accept all credit cards, and
It supports WooCommerce subscriptions and preorders, and you can process automatic refunds from within WooCommerce. To ensure your customer credit card details are safe, an SSL certificate is required.
You can accept online payments from over 190 countries with Payza. It is free to sign up and no monthly or yearly fees. Customers are automatically redirected to Payza’s secure servers for payment. After paying customers are redirected back to your site.
Don’t need to spend time, installing and managing SSL certificates and undergoing costly. PCI compliance and can focus on selling more goods and services.
Customers can pay through Payza e-Wallet or by credit card. You can accept credit card payments from anyone using Visa®, MasterCard®, American Express®, Discover®, and JCB. Transaction fees are 2.90 % + $0.30 USD per transaction, they are the same for every country.
Wirecard payment gateway adds the integration of more than 12 payment methods. It will permit you to accept and integrate payments from all credit and debit cards, PayPal, GiroPay, iDeal, SafeCard, Mobile Payment (paybox, Orange, T-Mobile, tele.ring, A1) and much more.
After picking all the needed products, the user will select the payment method he wants to use the Wirecard options.
Then he will be redirected to Wirecard secure servers to make the payment. When the payment is completed, the customer is returned to your store and presented with a “Thank you/Receipt” page. No SSL certificate is required to be installed on your site. It’s free to signup and no monthly fees.
d) EgoPay Gateway
It is an online currency that lets transactions via WooCommerce store. EgoPay Gateway requires the customers to have an account on EgoPay. It offers multiple wallets and you can deposit into your account or withdraw from it.
Which Payment Gateway is Best?
The good WooCommerce payment gateways are the ones that work for you and your business. In this blog, we have covered the entire best gateways but it’s finally up to you to decide which one is best as per your business needs. Hope you liked this entire blog.
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