Five Woocommerce Payment Gateways
In the world of the digital age, it is important to keep up with the latest technological trends. E-commerce is no exception. Considering that the payment technology is changing dramatically every year, new functions and new advanced functions are closely related to the almost impeccable e-commerce experience. As a result, you can now use one or more payment gateways in a normal online store to simplify the purchase process.
Considering that most websites run on WordPress, WoCommerce payment gateway has great advantages in modern e-commerce. WooCommerce payment gateway is a powerful tool to make the customer experience smoother and the purchase process more optimized, but it seems to be the most popular payment gateway.
In short, payment gateway is a merchant service that helps retailers handle electronic financial transactions. The payment gateway is mainly used for online stores, but it is also applicable to credit card or electronic wallet payment and offline stores that accept cash.
The working principle of each payment gateway is roughly the same. It obtains payment data from the buyer and sends it to the issuing bank that approves the payment. The payment is then deducted from the buyer’s account and transferred to the merchant’s bank account.
When choosing the best WooCommerce payment gateway in an online store, it may be useful to understand the different types of payment gateways.
IFrame based payment gateway
These are payment gateways that allow buyers to purchase directly from the seller’s website. The iFrame based payment gateway generates payment forms on the website, and users do not need to complete transactions on external websites.
Form based payment gateway
Unlike iFrame based payment gateways, form based payment gateways bring buyers to external web pages during transactions. Therefore, the user will be redirected to another site. All security issues are handled by the service provider. In addition, payment data is securely stored on third-party websites, which means that online stores are protected by hackers.
Unified payment gateway
The unified payment gateway is directly built on the seller’s website, ensuring the consistency and overall experience of consumers. That is, the buyer does not need to perform other steps, such as a form based payment gateway. However, using a unified payment gateway requires additional security measures, including SSL certificates and PCI compliance.
Once you know the main types of payment gateways, it is easier to choose one for your online store to meet your personal needs. In addition, it may be helpful to become familiar with the most popular payment gateways. With the help of these cases, you can easily make a decision and know what an excellent payment gateway includes. Here are the five best payment gateways.
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PayPal is probably the most famous payment gateway. There are many extensions for everyone to use, so integration is easy. PayPal allows retailers to accept credit and debit card payments and funds from users’ virtual balances. This service allows you to enable or disable your account for payment on the platform. Like all the latest payment gateways, PayPal uses the latest encryption technology to protect vulnerable data. PayPal can be purchased for free, but the transaction fee needs to be paid.
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Another powerful WooCommerce payment gateway is Stoke. It has a user-friendly interface and can be customized. So you can design it according to the theme of the website. Like PayPal, it provides multiple free extensions, but requires transaction fees. Stook payment gateway processes transactions consisting of multiple currencies and uses 3D security to protect data.
License.Net
what? to grant authorization? The advantage of online payment gateway is that it is compatible with other service providers such as Papal payment and electronic wallet. This allows retailers to combine different payment methods in online stores. More important is authorization. Net uses powerful fraud detection technology to become one of the most reliable WooCommerce payment gateways.
WooCommerce Payment
WooCommerce Payments and all WooCommerce websites work properly. The payment gateway accepts all major credit cards. WooCommerce Payments does not need to be set up or charged monthly, but charges additional fees for transactions and non-U.S. credit cards.
Payment safe
Paysafe is a WooCommerce payment gateway, providing customers with a high degree of security and protection. The service complies with PCI standards and encrypts all payment data with the help of the latest technology. Paysafe payment gateway also allows subscription and subscription payments. Paysafe is not free because it charges subscription fees annually or monthly.
Now, if you know more about WooCommerce payment gateway, you can make wise decisions to improve sales. You can also select one from the list above. It may be difficult to choose from these powerful payment gateways, but multiple solutions can be combined at the same time. This can greatly broaden the way consumers pay, improve the overall customer experience, and take advantage of performance.