Picking the right payment gateways is hugely important for new and existing Magento stores. Here are 6 payment gateways you should consider.
A payment gateway acts as the middleman between the customer and their bank. If this middleman doesn’t do a good job, customers are less likely to shop with you. Not to mention a bad payment gateway can also be a pain for store owners.
Part of operating a successful Magento online store is using the right payment gateway for your business. This means the payment gateway you choose should suit your short-term and long-term business goals. It should meet your required needs in terms of security, convenience, functionality, and price.
These are the four main pieces to evaluating a payment gateway:
- Security – How are payments protected?
- Convenience – How easy is it to use?
- Capabilities – What options are offered? What payment methods can be used?
- Pricing – What fees are taken for payment processing? Are there any monthly fees?
When choosing a payment gateway, you don’t have to pick just one. It’s common for merchants to have several payment gateways to give customers more options. However, it’s important to keep in mind that some payment processing companies have a minimum monthly processing rate that you must meet.
With this in mind, let’s review the top 6 payment gateways for Magento.
Top 6 Payment Gateways for your Magento Store
- Amazon Pay
Source: 6 Payment Gateways for Magento You Should Consider