Nowadays, customers have very high expectations for the eCommerce websites. Satisying each of such expectations are really crucial for a web developer.
Ideally, when saying about the transaction of dollars in sales that ecommerce brings in every year are millions. That’s why the decisions you make for your eCommerce websites are so important.
Even as the future of eCommerce platforms introduces more advanced and intelligent ways to sell online, only thing that always always remain the same is the need of a
strong, secure and fast eCommerce payment gateway.
Below are some of the main eCommerce payment gateways:
- Amazon Pay
For the most part, they all do the same thing and provide just as secure and stable payment processing as one another.
Which one is the Best Payment Gateway for the eCommerce Platform?
Let’s explore the payment gateway options for the three most common ecommerce platforms:
WooCommerce is not a standalone solution like the others as it requires WordPress to function. Because of this, you’re going to have a vast number of third-party payment processor integrations to choose from.
WooCommerce, a plugin integration for WordPress itself, comes with a number of payment options upon setup:
As we can see that there are a number of in-person payment methods WooCommerce allows us to use as well as PayPal.
Best Payment Gateway for WooCommerce: PayPal
If the clients are okay with payments being handled on PayPal’s site and servers, then the best bet is to go with the built-in option.
Shopify is a hosted store builder solution that’s not only easy to use, but helps users build very impressive ecommerce websites in little time. If all the client needs is a store — and they’re not thinking about adding extra website features (like a daily blog, social media feeds, email marketing automation, etc.) — Shopify is a solid choice.
While adding more items to a Shopify store, it’ll cost more. And the same goes for its payment gateway options.
When we first install Shopify, we’ll notice that the store is automatically equipped with the Shopify Payments payment gateway. Although it’s labeled as “Shopify”, this payment gateway is powered by Stripe, a leading payment gateway solution in its own right.
If the client is insistent on using a different payment gateway other than Shopify Payments, point this out to them:
In addition to paying the processing fees from the gateway of their choice, they’ll also get hit with an additional fee from Shopify. In some cases, this can effectively double what they have to pay just to accept orders through their Shopify store.
But there’s a lot of good that comes from using Shopify Payments. For instance:
- Lower processing fees
- Fraud protection
- Automatic payment processing integration
- Quick deposit of funds into your account (generally, a couple days)
- A Stripe partnership backing the platform
Magento is the third most popular ecommerce platform. It also happens to be part of the Adobe Commerce and Experience Clouds, which makes it much more than an ecommerce platform. It’s an all-in-one ecommerce business solution where things like design, marketing, business management, CRM, analytics, and more collide.
For larger ecommerce clients, this is a great solution.