Best Magento 2 Payment Gateways: With Pros & Cons

Are you looking for the best Magento 2 Payment Gateways to use in 2024? Read the complete blog to get a clear idea about the top payment solutions that you can use in your Magento 2 store.

Payment is an integral part of any eCommerce business. It is the final step of the purchase cycle that converts the visitors into customers. The payment gateways act as a middleman that collects the payments from the customers and transfers the same to the merchant’s accounts.

You might also love to read the following series of blog posts around the country-wise best Magento 2 payment gateways:

• Top 10 Best Payment Gateways Worldwide
• Top 10 Best Payment Gateways in USA
• Top 10 Best Payment Gateways in India

Also, do not forget to checkout our blog post on best SMS gateway providers. The situation around the world has forced people to shift towards digital payment methods over conventional ones. According to the digital payment statistics, the total transaction value was projected to reach $7,860,739 million by the end of 2023. Such eye-opening statistics suggest that online payments are the future.

Table of Contents

• List of the Best Magento 2 Payment Gateways
• Best Payment Gateways for Magento 2
  • Braintree
  • Stripe
  • PayPal
  • WorldPay
  • Authorize.net
  • Razorpay
  • Opayo (SagePay)
  • Klarna
  • 2Checkout (Verifone)
  • First Data Payeezy
• Conclusion

Customers want to complete their payment with minimum effort and maximum security. Providing such a convenient payment solution on your Magento 2 store can boost the payment experience and can add to the customer experience.

Here in this blog post, I have shared complete details about the top payment gateways for Magento 2.

List of the Best Magento 2 Payment Gateways

Here is the list of the best payment gateways for Magento 2:

1. Braintree
2. Stripe
3. PayPal
4. WorldPay
5. Authorize.net
6. Razorpay
7. Opayo (SagePay)
8. Klarna
9. 2Checkout
10. First Data Payeezy

Best Payment Gateways for Magento 2

1. Braintree

Braintree, owned by PayPal, is one of the leading online payment solutions providing companies in the USA. This payment gateway is integrated with Magento 2 core by default. Magento 2 store owners can configure the Braintree payment gateway to allow the customers to pay using a variety of payment methods. It supports online payments using PayPal, online debit & credit cards, Venmo, Apple Pay, and Google Pay.

There are multiple reasons for including Braintree in the list of the best Magento 2 payment gateways. It facilitates the Magento 2 store owners to accept payments in a more secure & convenient manner and also supports recurring payments. It offers robust security features that can identify risky transactions and potential threats.

This reputed payment gateway is used by some of the leading online businesses including Animoto, Skyscanner, Uber, and more.

Supported Payment Methods:

• Cards:
  • Visa
  • Mastercard
  • Discover
  • JCB
  • UnionPay
  • American Express
  • Diners Club
• Google Pay
• Apple Pay
• Samsung Pay
• Secure Remote Commerce
• ACH Direct
• Bank Directs:
  • Bancontact
  • BLIK
  • iDeal
  • eps
  • GiroPay
  • MyBank
  • P24
  • Sofort
  • Trustly
• Paypal
• Venmo (USA)

Contact Details:

• Tel: 877.511.5036
• Visit the Braintree Contact page for more details.

2. Stripe

Stripe is one of the leading payment solution providing companies that is dual-headquartered in San Fransisco and Dublin. The company works with a wide network of financial institutions and banks that helps reduce the financial complexity for online businesses.

Payment gateway by Stripe makes the list of the best Magento 2 payment gateways. It is highly secure, PCI compliant, and offers a scalable payment solution. It is a global payment gateway that supports accepting online payments in more than 25 languages and 135 currencies. This leading payment gateway is trusted by millions of users and has offices around the globe.

It is used by some of the leading brands including Google, Amazon, Shopify, Microsoft. Magento store owners that are looking to integrate this leading payment gateway with their store can use Magento 2 Stripe BECS Direct Debit extension by Meetanshi that facilitates easy and seamless integration.

Supported Payment Methods:

• Alipay
• Afterpay / Clearpay
• Bacs Direct Debit
• Bancontact
• EPS
• FPX
• Giropay
• Grabpay
• iDEAL
• Pre-authorized debits
• Przelewy24
• SEPA Direct Debit
• Sofort

Contact Details:

• Email: [email protected] (General Communication)
• Visit Stripe contact page for more details.

3. PayPal

The list of the best Magento 2 payment gateways is always incomplete without mentioning PayPal. It is the world’s leading and most popular payment solution providing company that is trusted by more than 400 million users worldwide.

There is a number of reasons for using the PayPal payment gateway in your Magento 2 store. It facilitates online businesses to offer a variety of payment methods to global customers. The payment gateway by PayPal allows the Magento 2 store owners to provide convenient payment facilities such as buy now, pay later, recurring payments, subscriptions, etc.

PayPal is one of the most secure and reliable payment solutions, which is also preferred by a large customer base. The payment solution provides 24×7 customer support to its users to make sure the merchants and the customers never run into trouble.

It supports accepting global payments in multiple currencies. If you are running your online store on Magento 2, you can use Magento 2 PayPal Multi-Currency extension to start accepting your payments in multiple currencies through PayPal.

Supported Payment Methods:

• PayPal
• Venmo
• Credit cards:
  • American Express
  • Discover
  • Mastercard
  • Visa
• Bank Debit:
  • Bancontact
  • BLIK
  • eps
  • giropay
  • iDEAL
  • Przelewy24
  • SOFORT

Contact Details:

• Visit the PayPal contact page for more details.

4. WorldPay

If you are looking for the best payment gateway for your Magento 2 store, you can not ignore considering some of the leading payment solution providers such as Worldpay. Founded in 1997, this leading company provides a multi-currency payment gateway to make global payments much easier.

This leading payment gateway, acquired by Fidelity Information Services, is a perfect solution for the Magento 2 store owners that are looking for a reliable multi-currency payment gateway for their online store. Some of the amazing perks of using this payment gateway are quick payouts and enhanced cash flow.

Integrating Worldpay with Magento 2 is easier than ever with Meetanshi’s Magento 2 Worldpay Payment extension. This robust payment gateway offers plenty of features such as real-time reporting through an intuitive dashboard, easy refunds, quick payouts, and more.

Use this best Magento 2 payment gateway to get paid in more than 120 currencies from customers around the world and enjoy the added benefits of additional perks. Also, offer the customers to pay from a wide range of payment methods/

Supported Payment Methods:

• Cards
• PayPal
• Alipay
• Giropay
• iDeal
• Mistercash
• Przelewy24
• PaySafeCard
• Postepay
• Qiwi
• Sofort
• Yandex

Contact Details:

• Tel: +18777763706
• Visit the WorldPay contact page for more details.

5. Authorize.net

Payment security and reliability are some of the important points to work upon when you are running an online business. Authorize.net is one of the well-known payment services providing companies that is simplifying electronic and credit card payments that makes the list of the best Magento 2 payment gateways.

This payment solution providing company, owned by Visa, is making payments easier for more than 400 thousand of merchants worldwide. The payment gateway offered by Authorize.net is protected by advanced fraud protection tools making payments more secure.

It offers the store owners to facilitate the customers to pay in multiple currencies using a variety of payment methods at their convenience, such as debit cards, credit cards, eChecks, online payments, etc. Magento 2 Authorize.net CIM extension makes it easier for the store owners to leverage the payment experience on their store by integrating this leading payment solution.

This payment gateway is highly suitable for the online Magento 2 store owners that are seeking a secure payment gateway that is shielded against common fraudulent transactions.

Supported Payment Methods:

• Cards:
  • Visa
  • Mastercard
  • Discover
  • American Express
  • JCB
• eCheck
• PayPal
• Apple Pay

Contact Details:

• Tel: 1-888-323-4289
• Visit the Authorize.net contact page for more details.

6. Razorpay

Razorpay is one of the most popular Indian payment gateways for eCommerce that allows the store owners to facilitate the customers to pay using more than 100 payment methods. This powerful payment gateway for Magento 2 is secure, easy to integrate, reliable, and offers instant settlement facilities.

Integrating Razorpay with your Magento 2 store will make the checkout process seamless for the customers. Its powerful dashboard will get in-detail reports about the payments, refunds, and more, making the cash flow much smoother. It supports accepting global payments in multiple currencies through real-time currency conversions.

Leading global brands such as Zomato, Zoho, Indiamart, uses this payment gateway as their payment solution. If you are thinking about integrating this global payment gateway in your online store, you can use Magento 2 Razorpay Payments extension by Meetanshi to make the process go smoother.

This payment gateway is highly suitable for the Indian Magento 2 store owners that are looking for a multi-currency payment solution to accept online payments.

Supported Payment Methods:

• Cards:
  • Visa
  • Mastercard
  • American Express
  • BAJAJ
  • Diners Club
  • Maestro
  • Rupay
• Net Banking
• UPI
• Cardless EMI
• Bank Transfer
• Emandate
• Pay Later
• Digital Wallets

Contact Details:

• Visit the Razorpay contact page for more details.

7. Opayo (SagePay)

Sage Pay has remained a well-known name in the UK’s payment industry for its security, reliability, and unique payment solutions.  In 2019, it was acquired by Elavon, a subsidiary of U.S. Bank, and was later re-branded as the Opayo. This payment gateway is getting better with time since its acquisition by Elavon.

The Magento 2 payment gateway by Opayo supports accepting global payments in multiple currencies. Merchants can easily manage successful transactions, their details, and more through its intuitive dashboard. It also provides fraud risk analysis for each of the transactions.

This PCI-compliant payment solution works with the leading banks in the UK and Ireland to process quick settlements of the payments for the merchants. The Opayo payment gateway is highly convenient for the Magento 2 store owners from the United Kingdom. Magento 2 Opayo Payments by Meetanshi makes Magento Opayo integration easier than ever.

Supported Payment Methods:

• Cards:
  • Mastercard
  • Visa
  • American Express
  • Maestro
  • Discover
• PayPal
• Sofort
• Giropay
• iDeal
• eps
• JCB

Contact Details:

• Tel: 0191 313 0300
• Visit the Opayo contact page for more details.

8. Klarna

Klarna is a leading name in the payment industry, well-known for its flexible payment solutions. It is used by more than 147 million global shoppers, 400,000 retail partners, and processes over 2 million daily transactions. These figures are enough to prove its popularity in the eCommerce market.

In eCommerce, flexible payment solutions create a win-win situation for the merchants and customers. It extends the purchasing power of the customers and thus helps businesses drive more sales. Klarna allows the customers to pay online through a single click with the security of Point-to-Point Encryption (P2PE). It supports accepting payments from 17 different countries in multiple currencies.

If you are looking for an ultimate flexible payment solution for your Magento store, Klarna can be the best fit for your store. The Magento 2 Klarna Payments extension makes it easier to integrate this with Magento 2 stores. Start enjoying the enhanced conversion rates, higher average order value, and improved customer experience by using the Klarna payment gateway in Magento 2.

Supported Payment Methods:

• Cards:
  • Klarna Card
  • Mastercard
  • Discover
  • Visa
  • American Express

Contact Details:

• Visit the Klarna contact page for more details.

9. 2Checkout (Verifone)

2Checkout, also known as Verifone, is making global payments easier with its innovative payment solutions. The company is aimed at providing local shopping experience to the customers by facilitating them to complete their payment in a local currency and language.

This gateway supports over 100 currencies, 30 languages, 45 payment methods, and covers more than 200 countries and territories around the world. Such massive coverage and versatile payment solutions allow 2Checkout to complete the list of the best payment gateways for Magento 2.

Merchants can get paid in USD, EUR, or GBP through several payment methods that include wire transfer, ACH, PayPal, and Payoneer. It is making global payments seamless through intelligent payment routing and multi-currency management.

Supported Payment Methods:

• Cards:
  • American Express
  • Discover
  • JCB
  • Mastercard
  • Visa
• Apply Pay
• Bank Transfer
• ACH
• Family Dollar
• Neteller
• PayPal
• PO
• Skrill

Contact Details:

• Visit the 2Checkout contact page for more details.

10. First Data Payeezy

First Data is a Canada-based company that excels at providing innovative PoS and online payment solutions. Payeezy by First Data is an online payment gateway that allows accepting payments supporting more than 140 currencies and facilitating global payments. It allows online businesses to grow through its powerful payment solutions, transactions reporting, currency conversions, and fraud detection.

This highly popular payment gateway for Magento 2 is trusted by merchants from 50 different countries. Its premier payment solutions allow it to complete the list of the best Magento 2 payment gateways. If this has impressed you, then you can use Magento 2 Payeezy First Data Global Gateway E4 to integrate this amazing payment solution with your online store.

Supported Payment Methods:

• Cards:
  • Visa
  • Mastercard
  • American Express
  • Discover
  • JCB
  • Diners Club
• e-Check
• Gift Cards
• Apple Pay
• Android Pay

Contact Details:

• Tel: 855-448-3493
• Visit the Payeezy contact page for more details.

Conclusion

Payment gateways are at the center of the eCommerce businesses. Providing a convenient and secure payment experience to the customers can add to the user experience that can improve conversions. Magento supports integrating multiple payment gateways at a time. There are plenty of Magento 2 payment solutions available in the market and choosing the best Magento 2 payment gateway out of it can be tedious.

Also read: Integrate Barclaycard Payments with Magento 2

This post enlists the top payment gateways that Magento 2 store owners can use to choose the best one for their online store. You can also avail professional Magento payment gateway integration service to enhance the payment experience of your Magento store.