10 Best Magento 2 Payment Gateways to Use in Your Store in 2023

magento 2 payment gateways

In the last few years, Payment has become more cashless and a massive number of transactions are performed digitally through credit cards and e-wallets. These methods have become more secure as well as reduce fraud for both brands and consumers. In the world of eCommerce where cashless payment has an important role, several third-party brands have released numerous Magento 2 payment gateways for shoppers ease.

Among various popular Magento 2 payment options available, a few users can choose cash on delivery. Also, some people prefer to pay using debit or credit cards for their convenience. Merchants are most likely to use the card method as it is much safer, more convenient, and faster compared to cash-based transactions.

Using simple Magento 2 payment gateways for a transaction will usually incur a fee to the business of around 1.4-3.5%. However, if you have a merchant account, your cost will be reduced to interchange fees, which range from 0.1% to 20% per payment. To select the best Magento 2 payment gateway, you must consider your needs and your transaction fee. But since there are multiple options, you might face difficulty in selecting the most appropriate one. In this blog post, we have listed the most popular payment gateways with their service tiers.

But before diving into the topic, let’s first understand what a payment gateway is and how it works.

Introduction to a Payment Gateway

A payment gateway acts as a middle person between a bank and a business. It provides security validation for credit cards using encrypted cards number. This protects customers from identity thefts while the payment is transferred via payment processors.

In the checkout process, customers add their credit cards details like card numbers, expiration dates, and security codes. Next payment gateway will validate and encrypt it, processing it straight to the payment processor.

It ensures sensitive information is securely transferred from buyers to sellers and banks, supporting a safe checkout process. This process builds the trust of customers on your sites and encourages them to make purchases.

If you’re new to Magento payment, you can hire Magento 2 developers for real-time support.

How does the Payment Gateway Work?

There are multiple steps involved, but all this happens in a split second. Customers access your website and where choose a particular product to buy. After completing the process, they move to the checkout step for payment. Once the item is confirmed, it will be showcased in the payment form.

  • After paying, the transaction will be processed to the selected payment gateway. Using this service, the transaction will be sent to the bank’s processor.
  • Next the transaction will be passed through the card’s network, which will be sent to the bank.
  • After verification, the transaction follows the same path that it has taken.
  • Once the transaction is completed, it will inform the customer. Then the data will be sent to the merchant. 

Factors to Select a Magento 2 Payment Gateways

Selecting an ideal payment gateway for your business can have a significant impact on your sales. The payment gateway must be aligned with the strategic goals and costs of your business. Hence, the Magento 2 payment gateway should not cost more transaction fees than planned and must be highly secure. It should also offer other features that encourage buyers to purchase more.

The key factors to consider before choosing Magento 2 payment gateways include:

Easy to Integrate

Easy to Integrate

Make sure the payment gateway you select is simple to integrate with your eCommerce website. There should be no security-related troubles in integrating the payment gateway with your Magento store.

The perfect solution for this is to select a payment gateway that doesn’t impact the website’s UX. Choose a payment gateway that has an engaging interface with fast processing of payments for customer retention.

Guaranteed Data Security

Guaranteed Data Security

Does the Magento 2 payment gateway is compatible with the Payment Card Industry Data Security Standard (PCI DSS) compliantly? This is highly crucial to keep the customers’ payment-related information independent and secure.

Does the payment gateway have a 3D Secure feature? This needs a one-time code from the customer to run the secure transaction. What are the scam prevention and detection features they offer?

24×7 Customer Support

24×7 Customer Support

Several payment gateways have limited support services, consisting of tickets or via email. In this situation, the customers have to go through lengthy payment gateway instructions to fix the issue. If you are comfortable connecting with the support person via chat or on-call, then make sure the technical ongoing support service offers this. Also, check that the support is available within the standard working hours.

Transaction Fees

Transaction Fees

It’s important to focus on the time and cost involved to set up a payment solution. Put simply, making the right selection will save you money. Most payment gateways ask for a monthly fee for their services, as well as a specific percentage of each transaction. Before making a contract with Magento development company, consider these facts. Most providers will have different options to serve different types of businesses, as well as real-time access to official support.

Recurring Billing

Recurring Billing

Recurring billing is helpful to create an automatic billing cycle for the customers. This is an absolute necessity for eCommerce brands with payment plans. Subscription-based services comprise of recurring payment model. Furthermore, brands have found benefits in recurring billing, as this functionality improves their process to collect payments from regular buyers.

10 Popular Magento 2 Payment Gateways

10 Popular Magento 2 Payment Gateways


PayPal is one of the most popular payment gateways used by merchants and customers. It has more than 218 million consumer accounts and is used by 17 million merchants. One of the advantages of using PayPal is that many people are already having a PayPal account, which facilitates an easy payment process.

PayPal also offers numerous features like it accepts credit cards such as Visa and Amex. PayPal Pro allows payment in 26 currencies in 200 countries. It also offers seamless card integration, online voicing, customization options, etc.

PayPal comes with competitive pricing. The process is charged at 2.9% per transaction with no monthly charges. This is an ideal solution for small and medium enterprises.


  • Supports online payment using credit cards
  • Generates customized invoices
  • Simple to use, as payments are done in a few clicks
  • It doesn’t need setup or monthly fees
  • Follows an exchange rate for transactions that require currency conversions


  • It is not limited to just paying via your PayPal account
  • It is easy to process credit and debit card payments
  • Extremely simple to configure
  • Account authorization is done instantly
  • It’s quick and secure


Among the popular Magento payment gateways in the market, Stripe is also one of the best payment options. It is available in 25 countries and offers features like billing customers frequently, setting up a marketplace, accepting payments, etc.

Stripe supports up to 100 currencies and has integration with iOS and Android systems for in-app payments. If you’re tech-savvy, you can experiment with Stripe. However, there are certain limitations to using this payment gateway. It does not support a 3D secure service, and you need to pay an additional fee if you attempt to change its functionality.


  • It needs requires no setup
  • There is no need to pay monthly fees
  • Supports integration with Android and iOS platform for in-app payments
  • Unlimited options for plan types
  • Offers coupons and free trial periods
  • Instant debit card transfers


  • If you are technically strong, stripe is your gateway
  • Provides several development opportunities
  • You are free to access every minute detail
  • Provides features for advanced reporting
  • Allows you to build teams and allot permission levels


One advantage that Authorize.net has over other Magento payment gateways is the simplicity that it offers. Unlike PayPal or Stripe, it is a lot easier to set up. The payment options are created for merchants to allow them to sell in local and online stores. It fulfills the task of a full staff and organizes and stores data which helps in fraud detection without regular checks. Authorize.net is considered to be one of the best Magento 2 payment gateways for merchants.

The fees for merchant accounts include a monthly charge of $25, with a per-transaction fee of $0.10, and everyday batch fees of an extra $0.10. The cost of Authorize.net is tailored according to the enterprise’s needs.


  • Provides secure solutions for online purchases from both desktop & mobile
  • It has a free mobile app for users
  • Presence of free tools to prevent fraud
  • Free 24×7 official support is available


  • Stores customer data in a simplified manner
  • The customer support team is extremely helpful
  • It is compatible with both online and mobile payments
  • Accepts a wide array of cards
  • Helps you prevent fraud and store data securely

Amazon Payment

Launched in 2007, Amazon Payment provides secured and streamlined services for its customers. Amazon Payment users can perform all on-site transactions with a single account. It ensures seamless shopping experiences for customers as they don’t need to enter their personal or business information for various sites.

You don’t need to worry about monthly and license subscriptions with Amazon Payment as Amazon fees are based on transactions and include a processing and authorization component. Amazon Payment’s transaction fees include a domestic fee of around 2.9% and an authorization fee of $0.30. It also includes tax when the payment is authorized and processed.


  • Fraud detection system
  • Supports controlling of the entire shopping experience
  • All transactions are completed securely on eCommerce site
  • It is compatible with your existing CRM systems


  • Customer protection system
  • Verify and validate customers with a familiar login
  • Numerous merchant tools, such as payment marks and buttons, logos and marketing guide


Braintree is an all-inclusive PayPal service ideal for businesses of all sizes and types. It allows merchants to accept, process, send and appropriately split the payment, and helps them increase their revenue. Braintree holds a partnership with a renowned payment provider PayPal which helps them ensure a seamless checkout process. It supports over 130 currencies in 40 countries.

To meet the requirements of all businesses, Braintree provides services in 4 modules for:

  • Merchants and donation collectors,
  • Businesses that need to process their payment for better management
  • Providers who want to collaborate with merchants and act on their behalf, and
  • businesses that are seeking partnership and revenue growth opportunities.


  • No monthly fees
  • Presence of flat rate and interchange plus pricing features
  • Manage acceptance rates
  • Ready-made UI to build a safe checkout for eCommerce website or app


  • Well designed and highly-secure
  • You only pay for needed service
  • Offers 3D Secure and global payment methods


WePay targets omnichannel, point of sales (POS), and web requirements of the eCommerce platforms. Some of its key features include quick registration with the merchant’s email address, API-based Magento 2 payment options, etc. For online and in-person interactions, it supports a customizable process where you can get complete control of the flow.

The payment option also supports multiple payment schemes such as ACH and credit/debit payment, and customers can choose to pay on a daily, weekly, or monthly basis.

WePay has a processing fee of 2.9% + $0.30 per transaction with no additional costs. For ACH payments, they process them at 1%+ $0.30.


  • Easily accepts credit, debit, e-check and digital wallet payments
  • Availability of Card-present solutions
  • Same-day deposits for merchants with a Chase bank account
  • Access reports on earnings and performance


  • Integrates payments within the merchant’s platform
  • No need to Chase Integrated Payments by users
  • Several customization features
  • Custom risk management


Skrill is a new UK-based Magento payment gateway designed for both businesses and individuals. Within Europe, buyers can request a prepaid Mastercard, and use it for fund withdrawal or buy goods at any convenient time. Skrill supports more than 30 currencies and you can sell your products and services to global customers.

Creating a Skrill account is free of cost, and it charges about 1-2% for various types of transactions.


  • PoS Transactions
  • Website Payments
  • Saved Cards
  • Mobile Payments
  • Multiple Currency Processing
  • Invoice Payment – Enables merchants to accept payments through custom links.
  • Recurring Billing – Enables merchants to charge on a recurring basis from customers.


  • Secure Checkout
  • Charge back protection
  • Cards and Local payment methods
  • Simple Integration with a single API
  • Multi-currency account
  • Enhanced fraud management.


Ensuring security and fraud reduction are the top priorities of SagePay. The payment method provides two tiers of the package – the business package for small-medium businesses, and the corporate package for large-scale enterprises. These packages will allow you to accept the majority of credit and debit cards, including Visa, Mastercard, and PayPal.

SagePay allows users to customize their pages and access transactions through mobile devices. It also comes with a reporting tool that helps in tracking transactions.

SagePay has a monthly fee starting from £20.90 for 350 transactions, or £45 for 500 transactions per month. There is customized pricing for corporates. There are no setup costs; however, if you own a registered PCI DSS certificate, you need to pay a fee of £20.


  • Enable/disable payment services straight from the admin panel.
  • Compatible with all the cards consisting of debit, credit, Visa, etc.
  • The admin can support 3D secure authentication direct from the backend.
  • Admin has liberty to refund the invoiced amount for orders.
  • PCI compliant payments system.
  • This module offers the capture later feature for the funds.
  • Admin can limit the customer to use some specific cards.


  • Easy way to accept payment from all sorts of cards.
  • Simple way to claim refund.
  • Decide either to enable the 3D Secure or not.
  • Verify the 3D Secure status from the transaction details.


Cybersource is one of the most popular Magento payment gateways available in the market. It offers payment gateways in more than 50 currencies and 28 languages. The payment option only supports the Magento Enterprise edition. However, it has also acquired Authorize.net and thus, it has access to up to 400,000 businesses across the globe.

Cybersource is a reliable and trustworthy payment gateway for payment processing, data protection, and fraud detection. It supports numerous credit/debit cards and multiple other digital payments, including Mastercard and Visa, PayPal or Visa Checkout, etc.

To manage fraud, the payment gateway provides features like Address Verification Service, Card Verification Number, Fingerprints and Case Management, and more.

Cybersource has a fee of $0.35 per transaction, and Visa and Mastercard are subjected to a 2.39% discount.


  • Accept payments both in-person and via mobile, from across the globe
  • Fight cyber fraud with advanced, and automated screening process
  • Store sensitive records like card data in secure data centers
  • Access additional services, consisting of global tax calculation, & recurring billing.


  • Make payments worldwide.
  • Assist sellers with international growth.
  • Improve time to market and scale on demand.
  • Offer secure payments globally.
  • Offer a complete array of payment methods in diverse markets.
  • Sell, buy, and pay your way.


Another payment option available for the Magento Commerce edition is eWAY. It is an Australian-based payment method and holds 25% of Australia’s online market and trading across 5 countries. eWAY comes with an easy setup and over 250 integrations that require little-to-no coding skills. It also includes free fraud prevention tools to help you strengthen the protection for your customers.

eWAY also has a nominal transaction fee of 1.5% + 25c for’ both domestic and international cards.


  • Innovative with rich technology infrastructure
  • Flexibility and easy engagement
  • Local Expertise and presence
  • Organizational agility
  • Advance security control
  • Business scalability with redundancy


  • Anti-fraud solutions
  • Secure Payments & reporting
  • Tools to help your business grow more
  • Credit card payments

When selecting a Magento 2 payment gateway for your e-commerce business, make sure to select the one that meets your both short-term and long-term ones. Although we only discussed about 10 Magento 2 payment gateways, there are several other available. Make sure to have a closer look at each payment gateway and compare the feature set. Decide which one meets all your business requirements.

Wrapping Up

The digital transaction has dramatically changed with the introduction of online payment services, which has made checkout simplified. The top 10 Magento 2 payment gateways mentioned here are not the only choices available. These are some of the most reputed and dependable ones offered for Magento store owners. If you’re looking for other services like Magento migration or speed optimization to add to your eCommerce website, we’d love to help!

Multiple payment integration is a crucial part of Magento’s eCommerce design and development. It not only offers convenience to merchants and customers but also encourages customers to make more purchases. However, it is important to choose the right payment methods to ensure a secure and seamless checkout process for customers. We hope this blog post helps you choose the most suitable Magento 2 payment gateways for your online store.

You can always hire Magento 2 developers at Magento India if you’re new to Magento payment gateway setup and integration.

Frequently Asked Questions

  1. What payment gateway is compatible with Magento CMS?

Magento is a popular CMS that supports out-of-the-box integration with renowned gateways. Major ones are PayPal, Braintree, and Authorize.Net service providers. The important thing to understand is to know what is your designated market. What payment methods and service providers are best at those markets.

  1. What steps are involved in Magento 2 payment integration method?

Add a Custom Payment Method in Magento 2

Step 1: Register your Payment Module in Magento

Step 2: Assign a name to Payment Module

Step 3: Choose a specific Payment Method Configuration Settings

Step 4: Provide Default System Configuration Values

Step 5: Next, have a Payment Method Model

Step 6: Configure Dependency Injection

  1. Does your company sign NDA?

Definitely! When you consult us for Magento 2 Payment Gateway services, we sign a proper NDA and other crucial legal documents for complete security of data.

  1. Can I see my Magento 2 Payment Gateway integration process?

Yes! We share timely reports related to it. We integrate every detail on our development server and ensure all credentials are shared so that you can monitor the regular progress.

  1. Do you offer real-time maintenance support after Magento 2 Payment Gateway integration?

We offer our clients advanced maintenance support plans. We also provide support to any eCommerce application we design and develop. If you come across any problems or need any feedback we are available.

  1. Which Magento payment gateway is suitable for dropshipping?

Here are the best Magento 2 dropshipping payment gateways to choose from:

  • PayPal
  • Stripe
  • Skrill
  • WePay
  1. How to select the best payment gateway for dropshipping?

Here are a few points that you need to consider when selecting a payment gateway for dropshipping:

  • Check if the payment method is popular in the country where your target customers are residing.
  • Ensure that the payment gateway has a low transaction fee.
  • Check its compatibility with dropshipping as most of the payment gateways do not prefer drop shippers due to higher refund rates.
  • Check if the payment gateway supports international commerce.
  • Make sure that the payment gateway delivers a seamless experience for your customers.

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