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Any eCommerce company needs to have safe payment gateways for its customers, but with an array of options, it can be a daunting challenge for online store owners. Not only do you need to think about the technical obstacles of integration of eCommerce payment gateways, but you do need to remember costs and, most importantly, health.
There are lots of payment gateway extensions that are available in the market. This makes it extremely difficult for eCommerce store owners to select the right payment gateway extensions for their online business. If you are one of those who are finding it challenging to choose the right payment gateway extensions, this blog has been written specifically for you.
How does the payment gateway Magento work?
Once a customer clicks on the submit button, it starts the payment process within seconds. The Magento payment gateway records the transaction requests, encrypts the payment details, and sends it to a payment processor.
The payment processor transfers the transaction details to the bank. The bank decides if the payment is to be approved or not. If it is approved or denied, the response is sent back to the payment processor and the payment gateway completes the payment processing by sending the response to the customer.
The Magento payment gateway acts as an intermediary between the customer and the bank (or PayPal).
There are different types of payment gateways available on Magento 2. Find the top ones below.
Top gateways for Magento payments :
1. PayTrace Payment Gateway Magento 2
In 2014 PayTrace, a renowned provider of payment gateways was formally incorporated. Today it was one of the industry’s leading leaders, offering user-friendly, highly efficient payment processing services. The breathtaking part is that Paytrace is PCI certified. It consists of more than 35,000 clients per year with a total transaction size of more than $10 billion.
By providing a methodology for direct transactions, this extension facilitates the task of customers buying products in your eCommerce store. Because of this mechanism, your clients don’t have to leave their eCommerce store to make the payment. It is done naturally on the checkout tab. What else? Your clients end up promptly receiving a corresponding response.
This ingenious integration is extremely useful in providing trouble-free and coherent links between the Magento 2 store and the credit card processing services of PayTrace. The only thing you’ll need to take advantage of this amazing extension is a username and password that gets you started. The sensitive nature of the information collected at your eCommerce store, which is then sent to Payment. This makes getting an SSL certificate to protect information about your customers all the more critical.
Feature List
- It is compatible with the Magento 2.2.x and 2.3.x extensions.
- One of the major US-accessible credits, including Visa, Mastercard, American Express, Discover, and JCB, can be used.
- PayTrace hires the PayTrace Post API and JSON API.
- Consists of secure checkout, free tokenization, encrypted card readers, and encryption on the client-side.
- It includes a secure storage vault for customers that protects customer data, assigns custom tokens, gets rid of on-site storage, and reduces liability & scope.
To Know More & Demo : PayTrace Payment Gateway Magento 2
2. Elsner Magento NetSuite Connector
Magento platform is known for the creation of high-quality websites and providing instant solutions. The developers everyday spend their efforts in growing the eCommerce store’s business growth. On the other hand, NetSuite ERP is a cloud-based tool to manage the business processes on a single platform.
NetSuite ERP has been proved highly beneficial for many eCommerce sites for managing their complex operations. It helps you manage your supply chain, inventory, and customer relationships. However, using them separately will not yield results as good as using them on one integrated platform. The efficiency of the software increases with such integration. With improved efficiency, the results of business growth and customer experience are enhanced.
Thus for using NetSuite ERP one will need a tool for integration. Such tools are called connectors. Each connector is different because of its manufactures. The connector integrates both the platforms into one and automates orders, product availability, refund, and cancellations. After having done the integration the connectors need not require any additional IT support.
KEY FEATURES:
- Order management: Reflects the order details in the NetSuite as soon as the order is placed in the Magento.
- Shipping & fulfillment: Take benefits of all the advanced logistics functionalities for providing the pick/pack/ship and notify services to the customers. It will also assist the customer by tracking the use of tracking numbers and real-time shipping carrier information.
- Payment & invoicing: It captures all the customer activities irrespective of the scenario i.e. at the time of sale or after the successful order placement in Netsuite/Magento. It has supportability for all payment capture scenarios.
- Products & variations: We will be able to manage products and other product attributes with the variations in pricing, images, and categories from NetSuite.
- Advanced capabilities: Support and provide reports for order modification, discounts and advancements, bulk product uploads, boundless shipping and payment methods, matrix and tools items, multiple currencies, tier pricing, and more.
To Know More & Demo : Elsner Magento NetSuite Connector
3. Monetico Payment Gateway Magento 2
This extension of Elsner ‘s Certified Magento Developers, allows you to accept Magento payments through Monetico Payment Classic Package. Monetico is a customized payment gateway that is integrated into your online store and adapted to the sales volume and industry.
Monetico Payment Gateway would allow you to accept payments from around the world on a 24 X 7 basis, without any customer’s limitations on geographical boundaries and time zones.
KEY FEATURES:
- Fully automated payment process.
- Automatic Payment Updates.
- Provides safe payment authentication enhancement codes.
- Fits in with the latest facilities.
- Gives improved customer experience.
- Support the Forum 24/7.
- Magento 2.1.x, Magento 2.2.x compatible.
To Know More & Demo : Monetico Payment Gateway
4. One Step Checkout Magento 2
One Step Checkout Magento 2 extension which is capable of handling all the complex checkout processes under one page. This extension will help out your customers to complete transactions within a minute. Well, One Step Checkout can save your customers a lot of time and will also improve your sales.
Without filling information on multiple pages, your customer can now fill all the necessary details i.e., shipping address, payment method, and a shipping method within a single page. This way One Step Checkout extension can even improve the experience of shopping and will also increase the satisfaction level of your customers.
KEY FEATURES :
- Easy to use
- Auto-filling address with the help of Google photos
- Additional popup after placing an order for extra confirmation.
- Built-in delivery date feature with date picker (calendar) and instructions field.
- Compatible out-of-the-box with 3th-party modules.
- Responsive checkout by default.
To Know More & Demo : One Step Checkout Magento 2
5. Infinite Scroll Magento 2
It’s a power pack Magento 2 extension Infinite Scroll came up directly from the desks of our skilled Magento developer. Infinite Scroll is designed and developed to load the next website page automatically.
Now, your customers can move to the next webpage faster than before i.e., while your customer explores any page of your website the next page will be loaded automatically through AJAX. It comes with amazing flexibility which mentions the possibility of being integrated with every custom Magento theme.
With this flawless User Experience, your customers will be happy with a friendly User Interface that saves clicks as well as time. Infinite Scroll is going to impress your customer with this supportive navigation and high performance of your Magento 2 web store.
KEY FEATURES :
- Loads the whole web-page automatically to let the user continue exploring your web store.
- It offers a customized navigation bar.
- Provides secure codes to enhance payment security.
- Under catalog, Infinite Scroll attracts customers to their desired products.
- Loading of web-pages is backed up through request.
- Enable/Disable the Scroll functionality from the admin configuration.
To Know More & Demo :Infinite Scroll Magento 2 Extension
6. Paypal Multi Currency Magento 2
Paypal Multi-Currency Extension is intended to make the customers’ user experience easier. This extension allows flexibility in converting currency that is not supported by PayPal to other supported currencies.
If the base currency of your store is USD, and your customer selects EURO on your website, he/she will be confused at checkout. The reason for this is that your user will be shown a price in USD instead of EURO on the Paypal site, which may cause you to lose. This extension corrects this problem by maintaining the currency intact throughout the whole order process.
If you are using standard PayPal or PayPal express, this Paypal Multicurrency Magento 2 extension is for your store.
KEY FEATURES :
- Allows all currencies to use express payment system with PayPal standard & PayPal
- Makes payment in a foreign currency other than the base currency
- Allows customers to place the order in store in their currency
- Easy one-click setup
- Supported with 2.0.x, 2.1.x, Magento
To Know More & Demo : Paypal Multicurrency Magento 2
7. ANZ eGate Connect
Payment Gateway solution to accept credit card payments online directly transferred into your bank account via ANZ eGate and through your Woocommerce shopping cart. ANZ eGate is a popular payment gateway widely used in Australia and New Zealand serving the following features:
- Manages customer relations and understands CRM opportunities
- Same-day order processing and settlement facility.
- Availability of detailed payment reports.
- “Verified by Visa” and “MasterCard” secure code available with ANZ gateway, providing security to customers.
- It provides security by controlling transactions over the Internet through secure protocols.
- Supports call center or Interactive Voice Recognition telephone services (IVR)
- Speedy payment processing. Install ANZ eGate Connect to serve your customers better and get paid for their purchase easily.
KEY FEATURES
- Fully automated payment process.
- Provides secure codes to enhance payment security.
- It provides security by controlling transactions over the Internet through secure protocols.
- Integrates with the best services.
To Know More & Demo : ANZ eGate Connect
An optimal gateway to payment is one which best serves you
Choosing the most suitable payment gateway for eCommerce is key to the success of your retail sector. By sensible doing so, you can improve the experience of your customer, boost the affinity of your brand, and increase revenue.
What you can do is weigh the factors mentioned above, and compare the eCommerce payment gateways before you pick and implement the right payment solution. Check them all out and go with the one that will be of greatest benefit to your company, keeping your needs in mind.
