Top Magento 2 Payment Gateways for eCommerce Site

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Introduction

• To build a trustworthy relationship with the
  customer, your online stores need to present a
  smooth checkout process that assure an enjoyable
  shopping experience as a whole. Furthermore,
  integrating a proper gateway is the solution to
  make the transactions seamless for both
  businesses and consumers.
• However, the challenge faced by online store
  owners while Magento eCommerce website
  development is to choose the best from a wide
  range of payment gateway alternatives in the
  market. Of course, everyone would like to perform
  safely and give customers a reliable payment
  gateway suiting their preferences.
• Have you made your mind about the type of Magento
  2 payment gateways you would integrate into your
  eCommerce store?

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Overview of Payment Gateway

• In simple terms, a payment gateway can be defined
  as a merchant service that allows credit card or
  other payment forms in an online shop's existing
  software. It enables the process of transactions
  right from eCommerce online stores to the payment
  processes that receive money from the customers.
• The payment gateways come with security
  validation enabling consumers to provide their
  credit card details. Such information may also be
  transferred between the payment portal of the
  merchant and the concerned bank.

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How do Magento 2 Payment Gateways Work?

• A payment portal focuses on securing user data
  throughout the transaction process. It assures
  security via data encryption like the user's bank
  details.
• The basic steps involve
• Step 1 A customer places the order. Then, they
  would come on the Checkout or Submit button.
• Step 2 Upon pressing the Submit button,
  customers need to enter the relevant information
  on the eCommerce platform or website. To approve
  the transactions, the system will take consumers
  further to the secure page.

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• Step 3 Once the transaction is approved, the
  bank confirms whether the customer has an
  adequate amount and can make the transaction or
  not.
• Step 4 The payment portal provides the seller
  with the respective message. For example, if the
  answer is "No", it will send the customer an
  error message notifying them there's any bank or
  customer account issue. And if "Yes" is the
  answer, the dealer will search for the bank
  transaction approval.
• Step 5 Now, the bank settles the money utilizing
  the payment mode and delivering the money to the
  seller. Once this process has been completed, the
  customer receives an order confirmation message.
• eCommerce companies can accept transactions by
  multiple online payment methods. And this can
  include everything like credit cards, debit
  cards, and more.

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• Best Magento 2 Payment Gateways

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1. Stripe

• Launched in 2011, Stripe provides optimal
  multi-currency payment services supporting
  multiple currencies. The main concept of the
  Stripe payment gateway is to simplify the process
  of online companies.
• Stripe's features involve easy customization and
  scalability. One of the incredible advantages is
  that you remain on-site rather than redirecting
  you to third-party websites during payment. In
  addition, no further integration fees are
  charged. All in all, for users, it's all smooth
  and simple.
• Additionally, it is a full-integrated Magento
  payment gateway that offers convenience and a
  seamless checkout experience to clients.

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2 PayPal

• Easy-to-use is the main reason businesses around
  the world prefer to integrate PayPal. There are
  several reasons for choosing this Magento 2
  payment gateway. All new PayPal accounts are
  registered free of charge. The PayPal app is also
  available to companies free to download. PayPal
  accounts enable the customers to pay for
  purchasing online without credit cards, by
  connecting directly to bank accounts.
• In addition, at checkout, priority is given to
  the financial security factors first. This is
  because the seller will only receive the PayPal
  account number and not the bank or credit
  confidential details.

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Authorize.Net

• Authorize.Net is the payment gateway alternative
  you need if you want your consumers to quickly
  checkout. This gateway is well-known for online
  payments because of its quality fraud protection
  assistance, simplified checkout options, and
  additional subscription-based features.
• In addition, Authorize.Net supports the CIM
  (Customer Information Manager) version that
  allows storing consumer's payment details.
  Naturally, it's time-saving and productive. Also,
  it ensures that repeat customers do not have to
  re-enter the details every time they come to
  shop.
• CIM by Authorize.Net supports several customer
  profiles. It includes details of payment,
  billing, and product shipping. All in all, your
  customers can enjoy a hassle-free checkout
  process.

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WorldPay

• The WorldPay method of payment provides the
  customer with more ways of making transactions.
  This is possible through pay-per-link or virtual
  terminal features. This means that customers do
  not have to leave the site to pay. They only need
  to add the card details. The details can be
  further sent to the payment system to get the
  transaction approved.
• Merchants can also benefit from the integration
  of Worldpay payment methods other than customers.
  It is adaptive to any business size and allows
  all transactions and other key reports to be
  monitored. In addition, the upgraded safety
  features of fraud protection make the security
  safe.
• Magento 2 eCommerce stores can easily enjoy the
  prominent payment features when integrating
  payment extensions. This includes WorldPay Vault
  for card saving, WorldPay local card schemes
  payment, and so on.

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2Checkout

• Surprisingly, 2Checkout is a trustworthy and
  reliable payment system that accepts a diverse
  range of payment currencies and eases the
  customer's checkout process.
• You'll be surprised to know about 300 fraud
  regulations complying with a range of standards
  at 2Checkout. It includes BBB accreditation,
  private protection, and an assured higher safety
  level.

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Amazon.com

• Amazon payments started in 2007 that allows the
  eCommerce store owners to send and receive funds
  using their API. It is a well-known and flexible
  payment gateway. And two of its services are
  Amazon Simple Pay (ASP) and Checkout by Amazon
  (CBA).
• Amazon Pay enables you to build an incredible
  shopping experience so that they spend more time
  looking for the offerings and less time to
  purchase. It easily integrates with your CRM
  system. It also has several commercial tools,
  such as payment signs, logos, marketing guides,
  and buttons.

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Wrapping Up

• Choosing the most appropriate payment portal for
  eCommerce is essential for any retail company to
  succeed. Providing a smooth user experience not
  only satisfies customers but increases corporate
  revenue. You only have to consider the factors
  and comparisons mentioned above before using
  these best Magento 2 payment gateways for your
  company. Besides this, you can hire Magento 2
  developer at Magentofx for better support in
  finding the ideal payment gateway for the Magento
  store as required.
• Also, to learn any of these Magento payment
  gateway integration, check our blog.
• Source https//magentofx.com/magento-2-payment-ga
  teways-for-ecommerce-site/

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Contact Us

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• Santa Monica USA, 90405
• Email ID sales_at_magentofx.com
• Phone No. 1 323-739-5672
• Visit Us magentofx.com
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