Did you know that a payment gateway can drastically boost your sales?
Gone are the days when customers were restricted to Cash On Delivery (COD) while placing online orders. Today they prefer making payments using their credit cards, online banking, mobile wallets, debit cards, and many more. Offering multiple payment options increases your chance of turning them into repeat customers.
Choosing the right payment gateway can help you here as it facilitates online payments without a hitch. A secured payment gateway can protect both buyer and seller from fraudulent incidents. Here are our suggestions for top Magento payment gateways that can help you ensure smoother transactions.
Here is the list of the Top 4 Magento Payment Gateways
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Stripe
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PayPal
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SagePay
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Razorpay
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Stripe
Stripe is one of the most popular choices for users as far as the payment gateway is concerned. It delivers top-notch payment services and supports multi-currency from 46 different countries, restricting the need to set up separate merchant facilities. One unique feature offered by Stripe is that it lets your customer complete payment while staying on-site instead of redirecting them. It allows buyers to pay via Visa, Mastercard, American Express, Discover, JCB, Diners Club, China UnionPay, and debit cards. The best part is- no hidden charges!
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PayPal
PayPal is an in-line competitor to Stripe when it comes to a secure payment gateway. More than 400 million customers & 30 million merchants trust PayPal for online payments. It’s popular for its reliability, ease of use, and security. Creating a PayPal account enables direct connection with the bank accounts, facilitating customers to pay for their online purchases without using credit cards. It offers hassle-free currency conversion and works in over 200 countries worldwide. Users can get themselves enrolled for PayPal free of cost and get advanced features like buy-now-pay-later, fund transfer transactions via ACH, phone-based credit card payments, and Venmo.
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SagePay
SagePay offers an optimal payment gateway service to enrich the user experience. It prioritizes payment security & fraud reduction that differentiate it from the competitors. This platform carries the highest level of card data security – PCI DSS Level 1 compliance which entirely secures transactions against fraud. Adding a cherry on the cake, it offers next-level security layers such as AVS, CVC, and 3D Secure authentication. It also promotes international transactions by enabling customers to pay in over 25 currencies.
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Razorpay
Razorpay is the most popular Indian payment gateway which allows customers to pay with more than 100 payment options. It will optimize the checkout process of your Magento store and effectively increase its conversion rate. You’ll get access to a powerful dashboard that makes cash flow smoother by providing detailed reports about payments, refunds, and more. It also ensures fast & hassle-free payments with its easy integration & instant settlements.
You can rely on any of these top Magento Payment Gateways to ensure smooth and secure online transactions on your online store. Each one of them has its own set of unique features & benefits, so it’s necessary to evaluate your business needs and then choose the best one. Ultimately, picking the apt payment gateway can make a big difference in your online sales and customer satisfaction.
Need help with Magento payment gateway integration?
Opt for our expert assistance. magePoint is a well-known brand in the Magento development industry with 9 years of experience. Our dedicated team is well-versed in Magento and can help you get the best out of your online store.
Contact us today for more information.
