WooCommerce Payment Gateways: 6 Best Payment Gateways For Your Online Store In 2020

Do you want to integrate different woocommerce payment gateways to optimize your online store checkout process?

 

Collecting payment from customers is one of the important aspects of the ecommerce industry. Earlier Credit/Debit card, Cash was considered the most convenient mode of payments by every ecommerce website. But after the launch of advanced payment gateways, shoppers have started to expect these online gateways while making their payment.

 

With the wide range of online gateways available that are chances of selecting the wrong gateway which can plummet your sales. Woocommerec allows you to easily integrate all the major online payment gateways to offer the best customer experience.

 

It is recommended to identify different woocommerce payment gateways so that you can easily fight out the best online payment gateways for your and your customers.

In this article, we will help you to determine different payment gateways that you can integrate into your WooCommerce store to optimize your checkout process. We will also help you to identify how you can select payment gateways for your ecommerce store.

 

If you are looking to know the best woocommerce plugins for your woocommerce store then check our blog on 20 Best WooCommerce Plugins (2020) Every Ecommerce Website Should Use

 

What is the payment gateway?

 

Payment gateway refers to the merchant services that authorizes and processes credit card or direct payment for online businesses, e-stores, and more. Payment gateways can be offered by the bank as well as financial service providers to the ecommerce website or online business with the goal of allowing their customers to use the online gateway to make payment and purchase the product.

Breaking it to a more similar payment gateway is a term that allows shoppers or customers to make the payment for the goods and services using different payment gateways like stripes, PayPal, and more.

 

Every payment gateway company has predetermined terms and fees, just you have to create the account to offer the best customer experience to your shoppers. You can always reach out to the popular payment gateway companies like PayPal, stripes, amazon pay, apple pay, and more to know the account creation requirement, terms, and fees.  Why? Because different payment gateways offer multiple options based on transaction type, account type, or redirect type.

 

Direct Vs Redirect Gateway

Before selecting any payment gateway for your website it is recommended to get detailed information about payment gateway so that you can end up selecting the best online gateway for your ecommerce store.

 

The payment gateway has mainly two types:

 

• Direct gateway

• Redirect Gateway

 

Redirect Gateway

 

Redirect Gateway is one of the widely used gateways where a customer or shopper has to leave the checkout page to pay the desired amount. They are redirected to another page where they have to make payment by selecting a mode of payment.

Most of the time customers or shoppers are redirected to the payment gateway service provider site that manages the gateway.

 

Direct Gateway

 

The direct gateway allows shoppers to make the payment within the site that means your shopper doesn’t have to leave the website to make the payment.

 

Compared to the direct gateway, redirect gateways are the most preferred by the online store owner because of its secure environment. With so many vulnerabilities around chances of getting your website hacked increase which could directly risk your customer account as well as payment details.

On the other hand, redirect-gateway takes the customer to a secured external page where the chances of the data leak are no to very less. But here is the thing most of the time customers don’t understand why your website is redirecting then it is an external page which makes them feel uneasy.

 

So if you are using redirect-gateway then make sure that while redirecting you display a message in front of your customer stating that “ you are redirecting to a more secured environment”.

 

Or you can choose a direct gateway for processing your payment but make sure of your site security so that your customer information doesn’t get onto the other hand.

 

How to select the best payment gateway for the ecommerce website?

Today the ecommerce industry is all about offering the best customer experience to customers. Most of the time customers abandon the checkout page because they fail to find the desired payment options.

Credit and debit cards are the most common way to make payment and buy the product but Other than that there are other advanced options available like cryptocurrency, bank transfer, and more. No matter what type of payment option you are using, almost every online payment is done using the payment gateway.

Integrating payment gateway in your woocommerce store also increases your website payment security. Today’s payment gateways are more secured as it protects your customer’s information reducing chances of unwanted vulnerabilities. But again with the wide range of payment gateway options available you can not pick any random online gateway for your website.

Below we are listing points that you can consider while selecting the payment option for your website.

 

Fees/Cost Involved

 

One of the important aspects that you should consider while selecting the payment gateway for your website is the costing and fees involved after and before integrating the gateway. Determining these costs and fees before purchasing payment gateway will help you to differentiate and find the best online gateways having less transactional fees and purchase fees. Read more on

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