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Discover the top Magento 2 extensions for seamless payments! Explore the best gateways like PayTrace, PayPal Multi Currency, Monetico, and Razorpay for your store.
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What are the Best Payment Gateways to Integrate with Your Magento Store Development? The competition in the eCommerce industry is booming at a rapid scale and you ought to add best features to your store for staying on the top. Talking about best features, you cannot deny the fact that Magento is one of the most sought-after eCommerce platforms for you to start your online business. So, finding the best Magento 2 extensions for your store is not just a consideration, but a responsibility. And amidst fulfilling that, you must pay special attention to adding the best payment gateway on priority. Why? Well, seamless payment or checkout process embedded to your store is what will help your customers attain satisfaction and be loyal to your brand. Therefore, choosing the right payment gateway from the list of top Magento extensions is of utmost importance. And to help you in this quest, this article brings to you some of the best options you can count on. How Does the eCommerce Payment Gateway Works? Before acquiring information on the best payment gateways from the Magento marketplace extension store, it is important you know how they work. As you know, the payment transaction is initiated when the customer first confirms the order. Once that’s done, the customers will be redirected to the checkout page from the cart or product page.
Now, they will be asked to choose their preferred payment method and give in their credentials, as provided by the payment gateway. Once your information is recorded, the payment gateway will then encode your transaction and the details will then be processed for bank authentication. Following that, a response will be initiated for the payment processor, based on acceptance or rejection of the specific transaction. Thus, the final status will be displayed on the customer’s screen. The money that’s debited from the bank account of a customer will then be deposited directly to the account of the merchant, using a secure network. With the high-end payment gateways being developed in the modern era, the money transfer through the secure network is often instant. What are the Best Magento Payment Gateways for You to Count On? If you are new to Magento business and are willing to get started with a highly functional store, you cannot ignore streamlining your store’s payment aspects. For your ease, there are a lot of lucrative payment gateways as Magento 2 extensions for you to add impeccable UX to your store. Some of the best ones include: 1. PayTrace Payment Gateway PayTrace Payment Gateway is a PCI regulated Magento marketplace extension that ensures security for your online transactions. With this extension integrated to your store, your customers won’t have to redirect to a different window for entering their payment credentials. They can stay in your Magento store and continue with the checkout process. Thus, it establishes a sense of trust in the mind of customers, and enhances their positive experience quotient. With this, you will be able to streamline your entire payment process in no time! Some of the features that makes it the top priority payment gateway extension for Magento 2 are: ● PayTrace makes use of qualified data for ensuring merchants to access the most proficient interchange rates. Offers you an uptime of 99.98%, ensuring uninterrupted business flow. Guarantees less liability for the merchants while accepting transactions through a secure environment. ● ● 2. PayPal Multi Currency PayPal is undoubtedly one of the most noteworthy payment gateways in all across the globe, and has a lot of active users. By integrating the PayPal Multicurrency Magento 2
extension, you are enabling your global customers to use your store and make purchases based on their desired currencies. For you to know, PayPal supports 100 currencies or more, allowin you to make your Magento business go global. Following that, you also get various other features such as mobile card reading, express check, credit card reading and barcode scanning. Some of the features associated with the use of PayPal Multi Currency extension are: ● ● ● ● There is no fees for setting up this extension for your store. Immensely fast in processing the transactions. One-click installation proficiency is backed with PayPal. Allows the customers to place their orders in respective currencies on your Magento store. 3. Monetico Payment Gateway Monetico is yet another popular payment gateway extension for your Magento 2 store, which comes along with the support for the sanction method payment page. With this assistance, the payment transactions initiated by the customers will be redirected to a new Monetico window. Installing or configuring this extension will be easy and you will have your electronic payment terminals activated easily. Some of the features that Monetico payment gateway Magento marketplace extension has to offer are: ● Look & feel of the payment gateway can be customized for maintaining an all-round consistency. Ability to enable quick and user-friendly checkout process for the customers. You can integrate different payment options to your Magento store using this extension. ● ● 4. Razorpay Among the top names in the list of payment gateways, there is a long-preferred and standard option, Razorpay, which is part of a lot of online businesses today. It offers your customers diverse payment methods, such as credit cards, UPI, e-Wallets, net banking and others. A lot of businesses have shown their trust in the high-end performance of Razorpay, and have appreciated its security aspects. It comes with a router API for the Magento 2 developers to integrate it as the dedicated store’s payment gateway, without much hassle. Some of the features associated with Razorpay as your Magento payment gateway are: ● ● ● ● Track all the fraud transactions. Reduces the operational costs. Provides you with better banking operations. Quicker transactions for you to avail easy working capital.
Parting Words Choosng the right Magento marketplace extension for your payment gateway needs will depend on what your business requires. As there are a lot of gateways to choose from, it might be overwhelming for you to make a final choice! Therefore, this article highlighted the best four of them for you to count on. Do run your detailed analysis, and you will be able to better understand the efficacies of these payment gateways. And finally, go for the ultimate one that adheres to your business needs! Contact Us Company Name: Elsner Technologies Pvt Ltd. Address: 3405 Pennsylvania Common, Fremont, CA 94536 USA Phone(s) : 16075244040 Email id: sales@elsner.com Website: https://store.elsner.com/