Best WooCommerce Payment Gateways If you choose to sell your products and services online with WooCommerce, then you have to make an important decision that could directly affect your online sales.
- Which Woocommerce payment gateways should you choose?
Since the payment gateway plays an important role in your e-commerce, it can be a difficult decision to make. I can help you understand how it works, how to choose the best Woocommerce payment gateways, and various factors to consider for your business, and especially choosing the right option for your customers.
What is a Woocommerce Payment Gateways?
The payment gateway is a service that processes all online payments in WooCommerce. To do this, customers send credit/debit card information in the last minute of purchase, which will be sent to the store and finally to the bank.
In addition, a payment gateway reports to you whether the fee has been approved; If not, then the amount will be canceled. Finally, the payment amount is deducted from the customer’s account and deposited to your store account.
Thus, the role of the payment gateway is to accept or reject a transaction with your store account before depositing the funds into your bank account. Technically, you must have both a merchant account and a payment gateway to accept online payments.
Generally, you can rely on Payment Service Providers (PSPs) to get both of them. This means that what I call “payment gateway” is actually PSP. This is the case with some of the services like Stripe and Paypal.
How Does a Woocommerce Payment GatewaysWork?
When your customer pays via your WooCommerce store, the payment gateway makes several important operations. First of all, it passes the payment through the store’s server, then transfers the payment to the issuing bank from the payment portal and asks for confirmation.
Depending on the reaction of the bank, payment authorization request can be accepted or rejected, the response back to the payment gateway through the merchant server and the server response allows the customer to proceed with the purchase. This process takes a few seconds.
The choice of WooCommerce payment gateways is the most important business decision shop The owner can There are many great options that are well integrated with WooCommerce and provide you and your customers with a great experience.
Best WooCommerce Payment Gateway
Typically, most WooCommerce stores provide similar payment solutions. However, it is important to separate ourselves from the competition by offering other means of payment to their customers.
Note: The following payment gateway is listed in alphabetical order and therefore does not rank in any way.
Amazon Pay Online e-commerce giants, payment service by Amazon is.
With Amazon Pay, you can give your customers the option of paying through your Amazon account. Account verification usually requires your email address and password. However, it is essential to have an active Amazon account, of course, any other condition that you will not have to face.
The main advantage is that you do not need to enter payment information on the third-party website. Amazon stands as an important intermediary between the customer and the online store. The end-user has no charge to create and use their account.
Payment is possible by credit card or direct debit in your account, which you set on Amazon. On the other hand, the vendor should have approximately 1.9% and about 35 cents per transaction, almost like with PayPal.
Fees: Amazon charges a domestic processing fee of 2.9% and an authorization charge of $ 0.30, where applicable.
Currency: NZD, NOK, ZAR, SEK, CHF, AUD, GBP, DKK, EUR, HKD, JPY, and USD
Countries: Amazon is currently available only in the United States, UK, Germany, France, Italy, Spain, Luxembourg, Netherlands, Sweden, Portugal, Hungary, Denmark, and Japan.
Apple Pay Initially Mobile Payment Service Is the tool, However, this is only available to users of new products launched by Apple. Payment service was initially based on NFC technology, i.e., near-area communication for the iPhone.
It is possible to offer your customers an opportunity to shop with apple peeps, not only in online stores but in physical stores. However, it is also possible to make integrated purchases in some applications, for example, Airbnb, Starbucks, or Kickstarter.
Since the launch, some online stores have decided to offer Apple Pay as a means of payment. Initially available only to the United States, this service is now available to others in France, the United Kingdom, and Switzerland. It is likely that Apple will increase pay in Europe also.
Fees: Apple charges a 0.15% per transaction on U.S. purchases.
Currency: Supports all major credit or debit cards on the tablet, including American Express, Visa and MasterCard, etc.
Country: There are 30+ countries and regions that support Apple Pay.
PayPal One of the oldest payments Is the platform on the Internet, and because of that, it’s everywhere. The bottom line is simple: it is a one-stop online gateway payment. Users give them access to all credit cards, bank accounts, and their desired addresses, and they are ready to shop at your store.
In many ways, PayPal has become the real way to make payments on the web. In most cases, people can choose between payments by credit card or PayPal in the payment system. For you, this means that your customers already have a PayPal account already. Therefore, they press a button to pay, and you get your money and their address and all other relevant information here and there.
PayPal also offers complete protection for buyers and sellers, from which you can go through specific and well-defined dispute resolution processes.
this is easy. Not only on the customer side, either From your point of view, PayPal is a default payment method – if not the only one – for a large number of plugins and e-commerce solutions. In many cases, you should only have a loan account, and you enter your email address. Being that, you can pay.
Can you find all the information you need on your PayPal dashboard? Click on some buttons, launch some reports and you can export just about any data in PDF, CSV, tab, or QuickBooks format.
There are about 200+ countries in which you can use Paypal. If you live in one of them and would like to use one of your 25 approved currencies, then you are good. PayPal offers you one of the largest payment networks, no matter where you are or who you are selling to.
- 9% + 30 + per transaction for local payments
- 9% transaction fee for international payments
Currency: PayPal accepts more than 20+ currencies including USD, GBP, AUD and CAD, etc.
Country: PayPal Pro supports businesses in more than 200+ countries.
PayPal by Braintree
Braintree protects your data, complying with Payment Card Industry (PCI-DSS) security standard. This WooCommerce payment gateway also has an advanced fraud detection system that protects you and your users from any such threat.
Finally, Braintree is practical, consistent and innovative so that you can stay as you wish. You can leave all your confidential data as it is your property.
This is a flexible payment gateway that accepts more than 135+ currency postures and offers other features like regular payments, strong reports, and split payments.
In contrast, the Braintree is not compatible with an escrow fund in a market.
Fees: For each transaction, Braintree removes 2.9% + 0.30 2.9.
Currency: Currently Braintree supports 135+ currencies.
Country: is available in 45 countries.
The Skrill payment system, formerly known as Moneybookers, Comes directly from England. It follows the principle of the prepaid card. All you need is a client account from your credit card or current account. You can then use it for your online purchase or transaction.
Thanks to Skrill, your banking data is never reported to merchants. The prepaid card is a good alternative to PayPal because it allows you to control your expenses and avoid more than the limit you set. The disadvantage is that customers must advance money before using the service.
Fees: Skrill takes a 1.9% transfer fee and takes a 3.99% margin at exchange rates.
Currency: EUR, GBP, USD, DKK, RON, CZK, HUF, CAD, SGD, CHF, NZD, BGN, AUD, PLN, SEK, and NOK
Country: Skrill offers its services in 200+ countries.
Use strip to accept payment from credit card Is an online service. Your WooCommerce Store In order to encrypt the data exchange between your server and the bank, you will need an SSL certificate so that the store can not enter confidential information.
The stripe works in a white label, which is a great advantage to keep customers at your house and not to return them to the external payment page. When we know the importance of making the purchase experience in liquid form to minimize abandonment, then this kind of solution is indispensable.
This is the most economical solution with such calculations:
For larger versions of the transaction, it would be interesting to negotiate a discount, but contact your bank to consider potentially more affordable solutions.
- For each transaction, make a 4% tax of 0.25 li on the European transaction
- For non-European cards 9% tax per transaction plus 0.25 tax
Currency: Stripe supports processing payments in 135+ currencies.
Country: Strips are available for businesses in 26 countries.