Skip to main content

Magento Payment Gateway Integration for Ecommerce Success

Magento

Did you know the UK ranks second among the top users of the Magento ecommerce platforms worldwide? BuiltWith, a website profiler tool reports that UKs 10,794 ecommerce businesses rely on the Magento platform and still counting.

Whether you are planning to migrate your ecommerce store to Magento or starting from scratch, you will need a thorough understanding of the Magento payment gateway to configure payment settings for your store. However, selecting the best one among Magento payment gateway options takes time and effort. Since it depends on several factors like your business size, security, scalability needs, affordability, need for advanced features, speed and convenience, a lot of comparative analysis is required.

The market size of the payment industry systems industry in the UK has grown by 4.6% per year between 2017 to 2022, as per IBISWorld. As a result, business overheads are increasing at an alarming rate. Therefore, selecting the right Magento payment gateway is crucial for your business to avoid cash flow-related issues and hidden fees and minimize transfer time.

When you are busy managing versatile operations of your e-tail business, we are here to save you time with the Magento payment gateway list. Moreover, we will guide you through the steps to add custom payment options to your Magento 2 store and ways to check your active payment methods.

5 Best Magento Payment Gateways in UK

1. WorldPay:  

UK’s renowned payment processing company, WorldPay by FIS, has flexible plans for all sizes of businesses. Its pay-as-you-go model makes it the best choice for tech-savvy SMEs. In addition, Worldpay’s extension is readily available on Magento Marketplace; the Magento development agency to which you’ve outsourced your e-store development project can easily configure it for you. 

Since it is largely based offline, they have card machines, POS systems, and digital payment options to serve the demand of today’s phygital world. Compared with competitors, you will find WorldPay’s services a bit costlier. Their monthly plan comes for £19 per month with avg. transaction fees of 2.75% + 20p. Given their wide array of offerings, they are value for money. However, suppose you are one of the businesses that want to save money and check on a payment gateway accepting payments on zero charges. In that case, you may like exploring other payment gateways as well.  

2. Stripe: 

Stripe is of the best payment gateways in the UK that serve businesses of all sizes. It accepts payment via debit/credit card/digital e-wallets/ pay later options. They’ve provided offer libraries, no-code opportunities, pre-built integrations, and customization ability to ease the payment gateway integration process for developers. You can avoid third-party payment redirection by configuring Stripe for your Magento 2 store. 

Stripe serves across 25 countries and supports 135 currencies to help businesses flourish with their secure fraud-proof payment gateway. They don’t charge subscription fees, minimum transaction fees, card storage fees, or setup fees, which also makes it apt for small and medium-scale businesses. If you use Stripe for your online store, you only pay for the transaction rates of 2.9% + 30 cents per successful transaction. 

3. Paypal:  

Trusted by more than 220 million users worldwide, PayPal gained popularity while serving customers on eBay. Their payment Gateway, Payflow, is highly secure for merchants to integrate and receive payments from customers via digital payments. The good news for Magento store owners is that PayPal Express checkout is already integrated into the store. You can signup for their merchant services and configure your secret code and API key to start using it instantly. Powered by an instant money transfer feature, PayPal lets you transfer money from your wallet to your account within 30 minutes. It helps businesses maintain cash flow and fosters growth. 

In addition to PayPal express checkout, PayPal Zettle powers merchants to create seamless phygital experiences for their customers with their POS solutions. Merchants can keep all the payments in sync by accepting cards, contactless, and mobile payments; and manage centrally using their PayPal account. By linking the PayPal Zeetel extension to one’s store, merchants can keep their physical and digital transactions in sync for a single inventory across all the platforms. You can configure Zettle by PayPal to your Magento store and pay them only for transactions you process.

PayPal Zettle comes with no rental charges or package plans. For all significant transactions via cards/QR codes, you will pay 1.75% transaction fees, and for Zettle invoices or payments made via Zettle links, you pay 2.5% transaction fees. For grown e-tailers receiving card payments of £10,000 or more yearly, they also have tailored rate plans. Unless you have loads of chargeback concerns, you can count on PayPal integration for your business.  Read more about Magento Payment Gateway

Comments

Popular posts from this blog

What are the best marketing strategies for web developers?

  In most website marketing strategies, search engine optimization (SEO), content marketing, social media engagement, and other digital and offline strategies are used to rank highly in search engine results pages (SERPs). Next, spend time on your SEO campaign to succeed online. You will rank for keywords that attract potential clients if you get your SEO right. This can be any  web development services or businesses looking to hire a developer.  You should consider email marketing and remarketing strategies when traffic begins to pour in. These channels are better at converting traffic into customers than any others. Read in detail the best marketing strategies for web developers .

Navigating the Magento Migration Services Landscape

In the dynamic world of e-commerce, staying abreast of the latest technologies and platforms is a crucial factor for success. This post, leveraging over a decade’s worth of content writing and e-commerce expertise, delves deep into the journey of Magento migration – from understanding what migration entails, through the process of shifting from Magento 1 to Magento 2, to comparing Magento and Shopify migrations. Section 1: Magento Migration Demystified Defining Migration Before embarking on our journey, it’s vital to get a grasp on the concept of migration within the context of e-commerce. In simple terms, migration refers to the process of moving data, functionality, and design from one environment to another. In this case, our focus lies primarily on Magento, a popular e-commerce platform, migration. Section 2: A Glimpse into the Magento Landscape Magento has established itself as a robust and reliable e-commerce platform. Yet, like all technology, it has seen advancements and transf...

Flutter For Web Development: Build Dynamic and Responsive Apps

In the rapidly evolving landscape of web development, Flutter has emerged as a powerful framework for building dynamic and responsive web applications. Originally designed for mobile app development, Flutter’s versatility now extends to the web, allowing developers to create beautiful and high-performing web apps with ease. In this article, we will explore how to use Flutter for web development, its advantages, and the steps involved in building web apps with Flutter. 1. Understanding Flutter’s Capabilities for Web Development Flutter is a UI framework developed by Google that enables developers to create cross-platform applications with a single codebase. With the introduction of Flutter for the web, developers can leverage their existing Flutter knowledge to build web applications. Here are some key points to understand about Flutter for web development: 1.1 Cross-platform Development: One of Flutter’s primary advantages is its ability to create apps that run seamlessly across multip...