Are you looking for the best payment gateways for your WooCommerce online store?
Choosing the best WooCommerce payment gateway is crucial for any online store.
Many payment gateway options may be enough to deter you from starting an online business – which is not a good thing!
Don't worry, I've compiled a list of the best payment gateways that work well with WooCommerce, so whether you are just starting an online business or already have an established one, you can choose the right option for your business.
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How to Choose The Best WooCommerce Payment Gateway
Payment gateways are third-party service providers that enable your eCommerce store to accept online payments.
All payment gateways do not have the same policies, processing rates, or features. Choosing an inept payment gateway will increase your costs and harm your business in the long run.
The following are important factors to consider when selecting a WooCommerce payment gateway.
1. Transaction Fees
Every payment gateway charges a different transaction fee for each transaction on your store.
These fees typically consist of two parts:
A percentage of the transaction: Most transaction fees range between 2.5 and 3.5 percent.
A small fee for each transaction: Typically around $0.30.
This fee may vary depending on your business location, customer card type, payment gateway selected, and so on. You can compare transaction fees with those of other providers to find the best balance of transaction fees and other features.
2. Operational Costs
Transaction fees aren't the only ones that the payment gateways charge. Some payment gateways charge the setup fees, monthly fees, account maintenance fees, or costs for bank withdrawals.
Before choosing a gateway, make sure it will work well with your specific type of business.
Depending on the type of products you sell, some payment gateways may charge you a fee for recurring or subscription-based payments, while others do not. So make sure to look for this option too.
3. WooCommerce Compatibility
Some payment gateways have a WordPress plugin, making it easier for you to configure them with WooCommerce.
Plugins like Stripe and PayPal Pro make managing the connection between WooCommerce and their respective payment gateways a lot easier.
Without them, you'll have to manually connect the various steps, which can be difficult if you're unfamiliar with the advanced technologies.
4. Availability in Your Region
Next, confirm that the payment service you select is available in both your country and the country of your customers.
Due to legal constraints, payment gateways are frequently geographically limited. If you and the majority of your customers are in Europe, you should look for a payment service that is widely available and popular in that region.
This information is available on each payment gateway's website, or you can find it by contacting them.
5. Security
Nothing is more important than security when it comes to online payments. If your payment gateway is not secure, you expose yourself and your customers to technical, financial, and even legal issues.
Fortunately, almost every payment gateway is secure if used correctly. Most make it simple to meet PCI and other local/regional regulations.
These are just a few of the most important things to look for. You can also look for the other features that your company may require—for example, simple refunds, enhanced security, verification, and regulatory compliance based on your location.
That being said, let's look at some of the best WooCommerce payment gateways for WordPress,
Best WooCommerce Payment Gateways
The following are the best and most popular WooCommerce payment gateways used by thousands of businesses worldwide.
1. Stripe
Stripe is one of the most popular payment gateways in the market used to accept credit & debit card payments in your store.
To prevent the store from caching the entry of confidential information, you will need an SSL certificate to encrypt the data exchanged between your server and the bank.
WooCommerce includes built-in support for using Stripe as your payment gateway.
Stripe is used by millions of businesses, including Shopify, Amazon, and Squarespace. It also allows your customers to pay using Apple Pay, Google Pay, and Alipay.
It has a developer-friendly documentation and an excellent customer service reputation.
Also, the costs are in line with industry standards.
Stripe is available in over 40 countries and accepts over 135 currencies. Stripe has no setup or annual fees, but they charge 2.9 percent + 30 cents per transaction.
Features
- Accepts 12+ payment methods.
- Embeddable checkout
- Create stunning forms with Stripe Elements.
- Stripe Elements makes PCI compliance simple.
- Invoices
- WooCommerce plugin is available.
- Financial accounting
- Design flexibility
Fees
- Stripe charges 2.9 % of each transaction, plus $0.30 per credit card charge.
- International fees are an additional 1%.
- If currency conversions are required, add an extra 1%.
- There are no setup or monthly/yearly fees.
2. Square
Square is an another excellent payment gateway for WooCommerce stores. Whether you’re selling in person, online, or on the go, Square can help you process nearly any kind of payment.
The service is simple to use, mainly if you sell physical goods in your shop. Numerous options are available for shipping, tracking, in-person pickup, and other business requirements.
Square is available in the U.S., Canada, Australia, Japan, and the UK. The transaction fee varies for each country, but it offers a fixed transaction rate.
You can also accept payments from e-wallets such as Apple Pay and Google Pay, and WooCommerce Subscriptions and Pre-Orders support recurring payments.
It also gives a WooCommerce plugin that helps to sync your website's products with your Square account. Products added to your Square account will also be added to your WooCommerce store.
Features
- WooCommerce plugin support
- Accept payments both in-person and online.
- Sync with your in-person Square device automatically.
- Delivery and in-store pickup are supported.
- SEO tools and optimizations are integrated.
- Accept credit cards, Apple Pay, Google Pay, and other payment methods.
- Coupons
- Invoices \Appointments
- Instagram incorporation
Fees
- 2.9% + 30¢ per transaction
- Square also offers paid monthly plans that come with extra plans and discounts
3. PayPal Pro
PayPal is well-known because it is one of the oldest and most widely used payment gateways. PayPal Pro is their business solution.
It allows you to use PayPal with a more user-friendly checkout experience, allowing customers to complete their purchases without leaving your website.
It does not support recurring payments, so it cannot be used for a membership website that sells subscription-based products.
It also has a WooCommerce plugin that makes connecting to your WooCommerce store easy. But there are some other PayPal plugins available that you can choose.
It is available in the United Kingdom, United States, and Canada, but you must have a PayPal merchant account. If your company is in Australia, you can use it with a PayPal Pro Payflow account.
There are about 200 countries in which you can use PayPal and It accepts more than 20 currencies including USD, GBP, AUD, and CAD, etc.
Features
- Customers receive professional-looking invoices via email.
- API Customization
- You can get your money in minutes.
- With PayPal Terminal WooCommerce plugin support, you can accept payments in person from any computer.
Fees
- Their standard fee is 2.9 % per online transaction.
- Additional 1.5 % for international transactions,
- They also charge $30 per month for the PayPal Pro program.
4. 2Checkout
2Checkout is a global payment platform that enables businesses to accept online and mobile payments from customers worldwide.
This payment gateway is available in over 200 countries and accepts all major credit cards, including Visa, Mastercard, American Express, JCB, and Discover. You can also accept payments via PayPal by using 2Checkout.
The payment gateway includes a robust API that allows you to integrate it with various carts, including Shopify, Wix, Ecwid, and, of course, WooCommerce.
Features
- Works seamlessly on mobile devices
- The gateway is supported in 29 languages.
- People can pay with credit cards, debit cards, and PayPal, among other options.
- It can process 130 currencies and cover more than 200 countries for international merchants.
- 45+ payment methods
- Easy-to-manage subscriptions
- 2Checkout is simple to use
- Over 120 shopping carts can be integrated, including Shopify and Wix.
Fees
2Checkout payment gateways charge 3.5% plus $0.35 per successful sale.
5. Amazon Pay
Amazon Pay is the payment gateway operated by Amazon. Customers can use their existing Amazon account to pay for your products and services on your website.
It accepts various payment methods, including immediate charges, deferred payments, split payments, recurring payments, and others.
The primary benefit is that you do not need to enter payment information on the third-party website. Amazon stands out as a vital link between a customer and an online store.
Amazon Pay is available in over 170 countries worldwide.
Features
- Accept payments on your website.
- Mobile-optimized
- Nonprofits, small and large businesses are all supported.
- Customers can use their Amazon shopping accounts to pay.
- Alexa integration for voice-activated ordering
Fees
- No monthly costs
- Transaction fees are 2.9% plus an authorization fee of $0.30
Conclusion
I hope this guide helped decide which payment gateway to use for the WooCommerce online store! It can be challenging to sort through all the available options and choose, but I hope I have assisted.
So, the top recommendations are
- Stripe is a great all-around choice, especially for users that don’t mind doing a little customization.
- PayPal is perfect for quickly setting up a way to accept payments.
- Apple Pay and Amazon Pay are great if your customer base uses Apple or Amazon.
Let me know in the comments which payment gateways you are using in your store? And if you have any queries, you can ask them in the comments section.
