Now that you have created an ecommerce store using Magento 2 it is important to choose a suitable payment gateway.
The platform has support for a broad spectrum of payment gateways that provide merchant services in all parts of the globe. It is a vital but difficult decision to select the best gateway from the many gateways available currently for the e-commerce platform. Folks who are unfamiliar with ecommerce find it difficult to select a suitable gateway. Before finalizing a gateway, it is imperative to study the gateways well to have knowledge of the technicalities as well as the advantages and disadvantages.
Successful online business has a secure payment system and provides the customers a simple as well as fast checkout experience. You can have single or multiple payment gateways on your Magento 2 website. We explore the advantages and disadvantages of the most popular payment gateways for Magento 2.
Some of the Prominent Payment Gateways are as follows :
PayPal
The most popular online gateway is PayPal. The latter is preferred as it is convenient, simple to use and highly secure. The platform has the ability to support multiple users. Did you know that it’s totally free? The drawback of PayPal is that it is extremely easy to set up which is attractive to fraudulent sellers.
Amazon
Amazon provides a robust payment gateway that can be included in a Magento shop. It has an effective fraud detection system as well as excellent customer system. The main disadvantage is that your accounts can be frozen without prior notification.
Braintree
This payment gateway supports over 130 currencies and is employed in 44 nations. Since there are no monthly charges it is suitable for small businesses. It’s a well-engineered payment gateway where charges apply only to usage.
Stripe
This popular payment gateway offers support for more than 135 currencies. It has a good reputation. You can conveniently integrate Stripe into your ecommerce platform and have the facility to accept all major credit cards. Moreover, this payment gateway is highly secure as well as PCI compliant.
Remember every ecommerce store requirements are different. Select a payment gateway keeping in mind your customer base, budget and other important factors.
