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TOP 9 Best Payment Gateways for Magento 2 Merchants

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For an eCommerce operation on Magento 2 to optimise performance and succeed, it must find the best payment gateway for Magento 2. Whether you are a business looking for a better eCommerce payment gateway, or someone looking to open a website and weighing your options, this article explores the options available.

In eCommerce payment, the process involves many parties that include the buyers, the seller, the buyer’s bank, and your bank. The service standing between the business and your bank account is the payment gateway.

When customers are done shopping, the payment gateway for the website page is where they enter personal details. When the payment gateway integration works, the entire process takes 2-4 seconds.

We are going to look at the best eCommerce payment gateways to help you pick the right one.

Magento 2 Payment System Integration: Step-By-Step Guide + Common Pitfalls

Enterprise Resource Planning refers to modules that help an eCommerce business function. The modules allow you to manage your product lifecycle, supply chain, warehouse, customer relationship, and sales order processing.

Magento may have many business processes, but it is not an ERP. That is why you need to develop custom in-house Magento payment gateway integration to develop an ERP for a specific type of customer.

To integrate, here are the steps to follow:

Step 1: Start by configuring the modules. That begins with going to the Payment method module configuration page.

Step 2: Next, you can configure the payment methods. There is a handy description of how to do this on the Payment method configuration page.

Step 3: Now comes the implementation of your payment method. It enables the processing of payments between the payment processor (who you pick to handle transactions) and the Magento platform itself. The payment gateway for website use may need technical expertise in some places.

All the descriptions detailing how to integrate can be found on the Payment method façade option. To find even more information about this step of the process, check out the Payment info rendering in Admin checkout.

Step 4: The last step involves the configuration of payment actions. These actions include voiding, authorising, and more. To find out more about how to configure them, the descriptions on the Add a gateway command page offer valuable tips and guidance.

On Magento, the payment method you configure can be edited from the shopfront or the admin panel and, if you like, both. Note that the configuration settings for your preferred payment method may be different from other options.

For that reason, a full description of how to integrate is included in Magento documentation.

Dive deeper into: Prevent eCommerce Fraud Attacks: Trending Strategies in 2021

Top Payment Gateways for Magento eCommerce Stores

Now that you know what it takes to integrate, let’s dive into an examination of the best payment gateway for Magento 2 options available to you.

NOTE: Payment gateway names are hyperlinked to their relevant Magento 2 integration documentation.

PayPal Pro

PayPal is the most popular payment gateway on the planet. It has more than 218 million consumer accounts. It is the preferred gateway for more than 17 million merchants, giving it the number one title for the largest market share in this segment.

The Pro version of PayPal accepts payments from 26 major currencies, via PayPal Credit, MasterCard, Venmo, Visa, and American Express.

Credit cards are not the only mode of payment available. Customers can use phone payments, online invoices, or in-person payments. PayPal spans over 200 significant markets offering businesses access to a much larger base.

Let’s talk about costs:

  1. The gateway’s subscription fee is $30 per month.
  2. The per-transaction fee is set at 2.90% plus a fixed fee (depends on the currency ($0.30 for the US and 0.35 Euros for the EU)) for domestic transactions.
  3. An additional fee of 1.5% is applied on all international commercial transactions.

PayPal is the most popular payment gateway for Magento 2


Braintree is a service powered by PayPal, built to cater to businesses of all sizes (small, mid-size, and large). The gateway is a full-stack platform that works in 44 countries and supports more than 130 currencies.

Users praise Braintree for its smooth checkout experience and ease of use. Not only is safety a priority but Braintree is one of the few eCommerce payment gateways that encourages repeat orders.

The simple checkout experience is what makes Braintree the preferred gateway of choice for large enterprises. Such enterprises include:

  • GitHub,
  • Yelp,
  • Avant,
  • Brandy Melville, and more.

Like its parent company, Braintree supports major eWallets, credit cards, and PayPal in more than 130 currencies. However, it offers extra features the PayPal Pro version does not have such as recurring billing, fraud prevention mechanisms, and data encryption.

A separate solution it spawned is called Braintree Marketplace. It is a great option for those looking to scale up with their business, as well as make customisations with a software development team. The pricing is similar to PayPal but without the monthly fee.Braintree - payment gateway for Magento 2


With a user base of more than 430,000 merchants, Authorize.Net has managed to make a name for itself. It is a reliable and affordable payment gateway. Most users laud it for having a simple but utility-packed interface, as well as a forgiving learning curve.

Compared to PayPal and Stripe, Authorize.Net comes easy to many users. The gateway can process payments of all kinds, including credit and debit cards (Discover, MasterCard, Visa, American Express, etc.). It also processes payments for digital payment platforms like Google Pay and Apple Pay.

You get hooked up with a merchant account (if necessary) and a virtual point-of-sale system. Let’s consider costs of Authorize.Net:

  1. The monthly fee stands at an affordable $25.
  2. The all-in-one merchant account will charge 2.9 plus $0.30 per transaction.
  3. The gateway-only option costs $0.10 per transaction plus a $0.10 daily batch fee.


Spanning an impressive 25 countries across the globe, Stripe offers services best suited to businesses with recurring customers. It is also preferred by those looking to start a marketplace and those who want a way to accept and process payments.

This fully-fleshed platform brings scalability and customisability to allow your eCommerce venture. The approach is developer-centric, allowing merchants and their IT experts to rework the code and make customised payment features to fit the business model and needs.

Stripe supports a whopping 100+ unique currencies and offers additional access through mobile payments, single-click checkouts, and tech support round the clock.

Stripe’s service charge is 2.9% plus $0.30 per transaction. Stripe’s integration with Magento 2 is not very easy and will need technical experts. The other option involves downloading a ready-to-go extension. Check for compatibility with your store before you do.Stripe is the most popular payment gateway for Magento 3

Amazon Payments

Since 2007, Amazon Payments has been servicing the eCommerce market by innovating to create a smoother transaction process. Using just a single account, the payment gateway offers support for several languages and supports every major currency.

The ‘one account to rule them all’ approach makes it easy for users to log in, identify themselves and transact. The security is cutting-edge, with dynamic services that allow the business to choose between Checkout by Amazon (CBA) and Amazon Simple Pay (ASP).

The former allows your business to accept Amazon account info and use Amazon to process payments. The latter sends customers to Amazon’s secure payment site to enter identification info.

Like Stripe, there are no monthly fees. The two share the same fees structure (2.9% plus $0.30 per transaction).

Learn more: Boost Sales With Astonishing Speed Like Helly Hansen Did With Magento 2 | Success Story


International retailers love 2Checkout and for good reason. Supporting 87 currencies and 15 languages, 2Checkout connects merchants and customers through a vast network that accepts almost all the major payment methods.

This payment gateway for website use comes with customisable features and the capability to integrate with more than 100 shopping carts.

By tweaking the customisable features, your business can set up automatic billing for monthly subscriptions. You also get aggregate reports about payment history and sell products (digital & physical.)

2Checkout does not have a monthly fee structure. Compared to PayPal, Amazon Payments, and Stripe, its fees may be a bit on the higher side, at 3.5% plus $0.35 per transaction.

To integrate with this best payment gateway for Magento 2 option, you will need an API (application programming interface) or source from GitHub. Here you can download ready-to-go connectors to upload to your store’s instance. If the integration seems complex, it is advisable to seek technical help from experts, to avoid costly misconfigurations.


This eCommerce payment gateway was built to cater to Automated Clearing House (AHS) transfers. Dwolla is suitable for businesses of any size, given its customisability and scalability. All US-based banks are accepted by Dwolla.

Being an open-source tool, Dwolla enables operators to integrate bank transfers into their stores, using its Application Programming Interface (ACH API).

After a smooth integration, merchants can oversee finances, validate bank details, get transaction info and manage payments from one central dashboard.

With such functionality, it is easy to see why this service is perfect for B2B businesses and marketplaces. Dwolla has a trio of packages, aimed at different business sizes. For startups, the Pay-As-You-Go option is best, with no monthly cost. Scale is offered for midsize to large businesses, while Custom is a negotiable package that depends on a business’ needs.

An extra 0.5% may be charged for every transaction (Minimum of 5¢, Maximum of $5). Dwolla is not the easiest to integrate if you are not technical enough.

How Does a Payment Gateway Work?

A payment gateway is an intermediary between your business and a bank. It serves you with privacy and handling the processing of the transactions. Let’s break it down into four easy steps.

  1. The customer adds items to the cart and submits the credit card details at the checkout page. The transaction information is encrypted and sent to the gateway.
  2. The payment gateway receives the order, authenticates with the business/store using your online shop ID. The customer gets the screen to pick the preferred payment method. The gateway then sends the details to the bank or the chosen method.
  3. The transaction is then approved or declined (for a variety of reasons) as the entity authenticates the transaction.
  4. The entity sends the money using the gateway, which deposits it in the merchant account.

NOTE: The process we just described, takes place in 2-4 seconds on average. However, since payment gateways have different processing times, the merchant may have to wait a few minutes (sometimes a few working days) for the money to appear.


Any business depends on the reliability of its components to work. Since the main aspects are the seller, the payment, and the buyer, the business must be able to process payments fast. When it comes to payment gateway integration, consider technical expertise.

By implementing customised solutions, a business can tailor the payment system to further fit its needs. It also spurs growth by encouraging repeat purchases among other perks.

All you have to do now is consider the details of the payment gateways we reviewed, to find the best payment gateway for Magento 2.

We offer all-in-one technical services to enable your shop (online and offline) to flourish in the digital domain, as well as leverage the latest in eCommerce technology.

WebMeridian - Magento Website Development 

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