WooCommerce payment gateways are necessarily sure shots for your online store. One of those primary factors you consider when you are finalizing your eCommerce store. That is to say, the payment procedure is a very crucial step in final conversion.

In fact, it is one of the pillars that support your WooCommerce store. Obviously, time is precious for everyone, but at the same time, as an online seller, you cannot afford to lose an important purchase. Consequently, you need to make sure that customers do not abandon their carts.

In this article, you’ll learn 6 best WooCommerce payment gateways and why you’ll need one to accept payments on your WordPress site. Then, you’ll learn about the different aspects of choosing a gateway. Finally, we’ll go through the top five payment gateways.

Let’s get right into it!

An introduction to WooCommerce payment gateways

What is a payment gateway?

A payment gateway is a platform through which you can accept payments. Rather than going through all the financial and legal hassles required to process money yourself, you simply sign up for a third-party payment gateway that will handle it all for you.

WooCommerce offers this compatibility feature to integrate significant payment gateways. And, of course, it is a third-party tool. Likewise, WooCommerce payment gateways provide you online portals for credential credit card information. Indeed, they establish and authorize a link between the processing network and the customer’s shopping cart.

How it works

If you’re in the purchasing checkout, all you would know is that you add the product to your cart and proceed with the payment process. Meanwhile, you put in the credit card details and, within a few seconds, you’ve ordered yourself clothes, food, and other stuff successfully.

Why you need to have WooCommerce payment gateways

To clarify, WooCommerce payment gateways authorize the purchase made by customers. Thus, unless you have a WooCommerce payment gateway, any transaction between you and your customers becomes impossible. This is the reason why you need WooCommerce payment gateways.

Certainly, WooCommerce Payment gateways are a requisite for processing all credit cards online. Above all, there is no other way of accepting money through the internet without WooCommerce payment gateways. In fact, you can apply for more than one WooCommerce payment gateway.

6 Best WooCommerce payment gateways

1. Paypal

PayPal is one of the most popular and most preferred global payment gateways developed by WooCommerce. With availability in around 200 countries and regions, PayPal supports around 25 currencies. So, there is no possible reason why you should not consider this one.

Features:

• Cost-free setup
• PayPal checkout accepts payments in almost every international currency
• Customers do not need to have a PayPal account to make payments with PayPal checkout
• Accepts PayPal and all the major credit and debit cards
• Carry out all payment processes. This keeps the payment process secure
• A fast user experience because customers get to tap buttons instead of filling forms
• Accepts PayPal credit in the USA alone

2. Stripe

Stripe is another popular payment gateway for in-person credit card transactions that you cannot miss. WooCommerce comes with built-in support to select Stripe as your payment gateway.

Moreover, Stripe supports all top credit and debit cards. This makes it a handy option if you have a brick-and-mortar business or if you sell goods at trade events.

Luckily, there are no setup or annual fees for Stripe. It also offers a better checkout experience. Your customers stay on your website during checkout, and it works smoothly on mobile as well as desktop.

Features:

• Use of machine learning to prevent fraud
• Support for over 135 currencies, making this a prime solution for international e-commerce
• Ability to accept credit card payments and digital wallets such as Apple Pay
• Recurring payments

3. Amazon Pay

If you love online shopping, there is a little possibility that you haven’t done shopping from the biggest eCommerce platform, Amazon. So, you can make use of Amazon Pay as one of your WooCommerce Payment gateways that works just as efficiently as its eCommerce website.

To use this service, you must own an Amazon Pay merchant account. You also must have an SSL certificate on your website. From the account, you can receive all your payments and reports.

Features:

• It accepts payment from Europe and the USA
• Amazon Pay is an integrated payment gateway, so your buyers get to complete their transactions on your site
• There are no fixed monthly charges, and integration is free
• PCI compliance secures the financial information of the buyer and the seller

In particular, it charges 2.9% for every transaction and an additional $0.30. Therefore, just install the amazing official WooCommerce Amazon Pay extension when you are ready to go further.

4. Authorize.net

Authorize.net is a potential payment gateway used by thousands of businesses. It provides a seamless checkout process to your customers using credit cards. Thus, customers don’t leave your website while the transaction is securely processed in the background on Authorize.net servers.

In addition, the extension also supports recurring payments for WooCommerce Subscriptions. It is user-friendly and allows users to save their payment method and reuse it.

Features:

• Merchant accounts attract $0.3 and 2.9% fee for every transaction
• You have to pay $0.10 for the payment gateway service for every transaction
• Authorize.net payment gateway accepts all kinds of payment types, including electronic check payments and PayPal payments
• Available from all around the world

Authorize is one with the most solid security. It requires having an SSL installed on your site before it can integrate.

5. Square

One more top-notch option if you want to take payments online and in person is Square. This payment processor is well-known among small business owners for its many physical card readers and card payment apps, which enable you to process transactions even on the go.

Features:

• Securely save customer payment details for recurring transactions
• Process transactions by delay payment until the order ships
• Protect your business and customers with advanced security features and fraud protection
• Work through payment disputes with help from Square’s dedicated team

6. WooCommerce payments

The last payment gateway designed exclusively for your WooCommerce store is WooCommerce Payment. You can comfortably simplify payment management from your own WooCommerce store. It accepts all main debit and credit cards and has support centers all around the world.

But, for now, it is only available for U.S based sellers and using USD. Its transaction fee is 2.9% and $0.30 per purchase.

Features:

• Accept all major credit and debit cards
• No setup fees, monthly charges, or installation taxes
• Enable customers to complete checkout without leaving your site
• Track deposits and other transactions from your dashboard
• Bring in recurring revenue with WooCommerce subscriptions

How to choose a payment gateway for your store

1. Availability In Your Target Region

Your target region should be a priority if you want to make sure that your WooCommerce payment gateways are successful. Make sure the same payment gateway is available in your country as well. For example, if your products or services are popular in the United States, you should prefer the payment gateway that is widely used there. Furthermore, you could even go for a few local payment gateways so that no one is left out from using your services.

2. Transaction Fees

All WooCommerce payment gateways charge fees for each transaction taking place at your store. This happens in terms of the type of your business, the WooCommerce payment gateways you use, your region, and the customer’s card type, etc.

On the other hand, you add that fee to your customer’s total by increasing the cost of the products. But then they might find the same product at a lower cost on another online store and buy it from there.

So, it is necessary for you to compare the transaction fees of WooCommerce payment gateways and use the one that best fits your budget.

3. Recurring Payments

In case your store is selling subscription-based services or products, you might want to consider recurring WooCommerce payment gateways. Some WooCommerce payment gateways make customers complete the payment process manually each time they want to renew their membership. In recurring WooCommerce payment gateways, they deduct the amount due each month from the customer’s account by default.

Therefore, you should check for automatic payment renewal options before deciding on your WooCommerce payment gateways.

4. Multi-Currency Processing

Multi-currency WooCommerce payment gateway processors are a great way to make customers feel comfortable and build them a trust in the purchase. In other words, they would easily feel safer when they buy in their local currency from you.

5. Security

Finally, when it comes to payments, there is nothing more important than security. If your payment process isn’t secure, you are leaving both you and your customers vulnerable to data loss and other issues. That includes technological, financial and even legal problems.

Apparently, customers have to trust you before they’ll be willing to buy something. By showing that you have a secure payment system set up, you communicate that purchasing a product from you is safe and reliable.

Thankfully, virtually every payment gateway is secure, as long as you use it correctly. Most make it easy to be compliant with PCI and other local/regional regulations.

Final words

In this article, you have read 6 best WooCommerce Payment Gateways for WooCommerce as well as the basic pre-steps to start choosing the WooCommerce payment for your online business. We really appreciate it that you find our share interesting and helpful for your practice.

Hope that you have a good time reading this post!