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Top 5 Magento Gateways

By:Alexandra Soloviova

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Payment is one of the most important steps of ordering. A thoughtful and responsible website owner will definitely make this process maximally easy and convenient for a user. In this article, we will inform you about the most beneficial Magento payment gateways.

Let’s repeat: What is Magento?

Magento is the system for online stores management. The platform is considered to be one of the most popular open CMS for e-commerce organization. According to the statistic, more than 200 000 online stores are based on Magento, including the renowned brands Samsung, Nike, Ford, Land Rover, Huawei, The North Face, Christian Louboutin, etc.

It is very important to choose a smart and convenient payment system for a website (for example, online stores, sites with paid content or companies that offer services). Usually, specialists recommend providing several payment systems in order to provide users with different options.

There are 4 main requirements for a payment gateway:

profound protection;
easement;
the number of options and methods;
fees.

Often it is very complicated to choose the perfect Magento payment gateways. So let’s consider and compare the most popular ones.

There are top 5 Magento payment gateways:

PayPal

https://www.paypal.com/ua/home

PayPal is thought to be the best payment system in the world working since 1998. Having opened one account, you will be able to easily do shopping in different online stores using only email and password. There is no need to enter the bank card details every time.

Braintree

http://www.braintreepayments.com/

PayPal branch Braintree is the complex solution for processing payments. Both single payments and periodic ones (subscriptions) are provided.

Authorize.Net

http://www.authorize.net/

Authorize.Net is the universal service for making payments online. The system offers multiple payment options, including bank cards and electronic checks.

Amazon Payments

https://payments.amazon.com/sp/magento

A popular website Amazon runs its own gateway called Amazon Payments. Using this system, buyers can pay for a phone bill, public utilities or purchase a subscription to a music service or any other site.

Stripe

https://stripe.com

Stripe is an American technology company developing solutions for receiving and processing electronic payments. It allows users to pay in one click without leaving the site. Redirect for transaction execution is not needed.

Let’s compare 5 the best Magento Gateways:

	Paypal	Braintree	Authorize.net	Amazon Payments	Stripe
Works since	1998	2007	1996	2007	2011
Transaction fees	2.9% + $0.30	2.9% + $0.30	2.9% + $0.30	2.9% + $0.30	2.9% + $0.30
Setup cost	–	–	49$	–	–
Monthly Cost	– / $30 – Payments Pro	–	25$	–	–
Availability	202+ countries	46 countries	190 countries	61 countries	25 countries

To sum up:

Actually, it is very important to care about an appropriate payment gateway integrated with your website. The choice of Magento payment gateways should be in focus while launching an online store. Remember to take into account the gateway features, fees, safety, currencies, and countries supported. It has a huge influence on a buyer’s satisfaction of the whole ordering process and, consequently, it affects the success of your business, too.

Alexandra SoloviovaBusiness Development Manager

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