Best WooCommerce Payment Gateways (With Comparison)

October 11, 2022

Reading Time: 11 minutes

Looking for the best WooCommerce Payment Gateways? Here I have listed all of them with comparison.

Are you aware that if a customer’s chosen payment option isn’t available during checkout, the vast majority of them will abandon their cart and look elsewhere? For this reason, it is crucial to integrate reliable WooCommerce payment gateways into your WordPress + WooCommerce-based online store.

At some point during the WooCommerce store’s configuration process, payment processing must be activated. Taking customer payments isn’t a walk in the park, but it doesn’t have to be complicated, either.

Having the best WooCommerce payment gateway plugin for your store and checkout is crucial because it will have a direct impact on your customers’ overall payment experience.

The right payment gateway will streamline the purchasing process for your customers. It takes time, though, to find the best gateway. WooCommerce supports a wide variety of payment gateway providers; selecting the right one for your store is essential.

Some countries are not supported by payment gateways. Some payment processors will charge you a monthly fee, while others will charge you a one-time fee for setting up an account. Make sure you know what their chargeback policy is and if they have any sort of refund fee.

Some gateways let customers complete the checkout process without leaving your site, while others send them off to a third-party service.

You may need to have SSL installed on your website if you plan on using a third-party payment gateway.

However, an SSL certificate is now mandatory if you plan to sell anything online. Thanks to Let’s Encrypt, it’s a breeze to get an SSL certificate for your site.

Just what is a Payment Gateway?

When customers make purchases from an online store, a payment gateway is used to safely process their credit card information. A payment gateway is what takes care of everything when a customer decides to make a purchase.

Each customer’s billing information is checked, funds are verified for each client’s mode of payment, requests are approved so your store can issue a confirmation number, and most importantly, you get paid.

Previously, most gateways demanded merchant accounts from online shop owners. Without a merchant account, the payment gateway couldn’t send funds to your bank account.

These days, a merchant account is unnecessary for the use of many different payment gateways. Using these gateways, your customer’s bank or credit card information is accessed, verified, and the resulting funds are deposited directly into your account.

Most of these payment gateways also require customers to leave your site in order to complete the payment, and the ones that don’t require a merchant account tend to have higher transaction fees. For some shops, this could mean fewer sales.

There is always a cost associated with using a payment processor. Fees are typically assessed on a per-transaction or per-month basis.

The gateways may levy either fee, or they may offer tiered rates based on the frequency of use.

A small per-transaction fee might not seem like much until you start dealing with high-priced items. Find a gateway that charges a fair per-transaction fee and doesn’t charge you anything on a recurring basis.

You should ensure that any gateways you’re considering allow for automatic payments for recurring plans if your company offers subscriptions or provides content access via paid memberships. Customers may find it inconvenient to renew their subscriptions monthly if they must do so manually.

In addition to pricing, it is important to use only payment processors that do business in your country and the country of origin of your customers. If you don’t, sales will fall and customer complaints will rise.

That’s why it’s a good idea to use a combination of different payment gateways for your WooCommerce store, rather than just one.

Payment Gateways that are Hosted vs. Those That Are Integrated

Merchants accepting credit card payments online use payment gateways to verify and complete customer orders. That is to say, if there is no means for customers to pay a company, that company will not be paid.

If you’ve ever made an online purchase, you’ve likely used a payment gateway even if you’ve never set one up yourself.

A hosted payment gateway is something you’ve probably used before if you’re familiar with PayPal. When customers use a hosted gateway, they are taken to the payment processor’s website to enter their payment details.

With an offsite provider, you don’t have to worry about PCI compliance or data security, which is the biggest benefit. 

To pick the right hosted gateway, you must first ascertain the level of acceptance it has among your target demographic.

Because of their low entry barrier and ease of use, hosted gateways are often chosen by startups, but this may have a negative impact on conversion rates if customers are unfamiliar with the processor.

An API provided by the gateway establishes the connection between your website and the payment processing system. The most obvious benefit is that customers never have to leave your site in order to complete the payment and order submission processes.

You’ll need gateway integration skills, and you’ll be on the hook for keeping cardholder data safe and meeting local, state, and federal regulations, as well as the PCI Security Standards if you go this route.

Commonly Used WooCommerce Payment Processors

Offering a payment gateway that is easy to use and expedites the payment process is a best practice for online retailers.

In addition, it needs to be secure so that customers don’t worry about their financial information being compromised. Providing users with a variety of gateways to choose from is recommended.

A payment gateway is a necessary component of any e-commerce setup. While it’s true that many different options exist for making online purchases, not all of them are created equal.

When deciding on a payment processor, it’s crucial to consider the following factors:

How well does your chosen eCommerce platform play with the integration of payment gateways?

  • Is there a payment option for your country?
  • Is there a payment option for your country?
  • Where do your customers stand with the checkout procedure?
  • Just how much does this service set you back?
  • How and when will you be able to access your money?

How and when will you be able to access your money?

Aside from PayPal Standard, WooCommerce’s core plugin doesn’t include many different ways to accept payments. Most businesses, however, will require a wider variety of accepted payment methods.

The best part is that 123 additional payment options are supported by WooCommerce. There are benefits and drawbacks to using multiple payment processors. However, most purchasers prefer it when there are numerous available choices.

If you want to start accepting cryptocurrency, you can look at the plugins I recommend for WooCommerce below.

The Premier Payments Pro Platform by PayPal

WooCommerce’s default integration with PayPal Standard is a huge plus for online stores. When it comes to setting up a payment gateway, this one may be the simplest.

In order to complete their purchase, customers are taken to PayPal’s site. You won’t have to deal with any processing, authorizing, or security concerns.

Subscription payments are also supported by PayPal Standard. However, adjusting the amount of a recurring payment cannot be done with PayPal Standard.

In addition, it does not permit date modifications, which is problematic for companies that would rather bill all of their clients on the same day of the month. Customers who choose to pay with PayPal will be taken to PayPal.com to complete their purchases.  This is a possible drawback.

However, PayPal is a widely used and trusted payment option, so I don’t think you’ll lose many customers by sending them there.

This plugin comes pre-installed with WooCommerce at no additional cost and requires no additional work or maintenance on your part. If you’re a startup business owner, PayPal Standard is your best bet.

When compared to PayPal Payments Standard, the more robust and expensive PayPal Payments Pro is the clear winner. You can accept credit card payments online using this service with the same trusted PayPal brand.

With this, you can once again shape the final stages of the shopping process to best suit your needs and increase sales.

When you upgrade to PayPal Pro, you also gain access to PayPal Virtual Terminal, another great feature. With the help of the Virtual Terminal service, you can expand your business’s reach by accepting credit card payments over the phone.

While there is no charge for the service itself, there are higher transaction fees.

Both PayPal Standard and PayPal Pro have no initial cost to you. There is a $30 monthly charge, in addition to any applicable transaction fees. An additional $79 is required to purchase the official PayPal Pro extension..

Availability, SSL certificate requirements, compatibility with WooCommerce subscriptions, and other factors determine which payment gateways from PayPal can be used in which countries.

Examine the WooCommerce payment gateways comparison table to see how PayPal stacks up.

The highlights of PAYPAL PRO gateway are as follows:

The United States, the United Kingdom, and Canada are the only countries where PayPal Pro is offered. (Not even close to the protection that PayPal Standard provides)

The fees are the same as with PayPal Standard, at 2.9% + $0.30 per transaction or 5% + $0.05 for microtransactions.

There are no upfront costs.  You need to pay $30 on a monthly basis.

As the shopper never leaves your website, you retain complete command over the buying process.

Use Virtual Terminal to take credit card payments over the phone (3.1% + $0.30 per transaction).

To make your checkout process more trustworthy, you should add the PayPal logo.

You’ll need to submit a withdrawal request by hand, and then wait another three to four business days for the money to clear.

Here are a few alternatives to the default WooCommerce PayPal gateway plugin:

  • PayPal Business Hosted, for a Fee $16.99
  • Integration of the PayPal Pro Payment Gateway into WooCommerce $29
  • Professional Add-on for WooCommerce by PayPal $79
  • YITH WooCommerce Adaptive Payments by PayPal. $79
  • Integrated with WebToffee’s Payment Gateway, PayPal Express is a streamlined means of accepting online payments. $59
  • FREE:
  • WooCommerce PayPal’s Braintree Payment Gateway
  • WooCommerce with PayPal
  • WooCommerce Prototype of the PayPal Payment System

Braintree, the No. 2 Online Payment Processing Service

In fact, Braintree is a subsidiary of PayPal. If you like the idea of PayPal but need the ability to offer subscriptions or are looking for a solution without monthly fees, Braintree could be the answer.

Braintree doesn’t charge its users any sort of subscription fee. PayPal, Apple Pay, Android Pay, Venmo, and even Coinbase are all acceptable methods of payment.

The first $50,000 are free of charge.  However, 2.9% plus 30 cents is charged as a transaction fee (this data is for the US and may vary based on country) (depends on your country).

In addition, your customers can opt to save their payment information for faster checkout next time. As an added bonus, Braintree offers a WooCommerce extension.

If you run a WooCommerce store, you can add Braintree as a payment option by installing the Braintree For Woocommerce plugin.

Stripe, the Third-Best Online Payment Processing System

Stripe has quickly become the go-to for most people looking for a PayPal alternative. It allows you to accept payments on-site without incurring a recurring cost. Stripe is capable of processing automatic refunds and recurring payments. WooCommerce, one of the most popular WordPress plugins, is compatible with it.

Stripe is compatible with virtually every major debit and credit card. It also accepts Apple pay and customers can save their payment details. There is no ongoing charge, but each purchase will incur a 2.9% + 0.30 cent fee.

Contrary to PayPal, if a customer disputes a charge, you will be charged $15. This cost is waived if you end up winning the dispute. One of the best options for businesses with a global reach, Stripe also offers a highly effective anti-fraud team to handle any potentially fraudulent transactions. Over a hundred different currencies are supported, with seamless conversion to your base currency.

Some highlights of the STRIPE payment gateway are as follows:

Stripe is currently accessible in 25 countries, with support for additional locales coming soon.

It costs 2.9% plus $0.30 to make a purchase.

Transactions are handled on-site giving you complete control of the checkout process.

Not having to pay anything to get started.

All major credit cards are accepted.

All deposits are made every two days.

There are a few plugins available to help you connect Stripe to your WordPress site.

PAID: \sYITH The WooCommerce Stripe Integration Costs $79

WooCommerce Stripe Payment Gateway, $59 (there is also free version)

FREE:

Integrating Stripe with WooCommerce

Accepting Payments with Stripe Plugin for WooCommerce

WPPayForm

A.4 Authorize.net Gateway

Many companies prefer Authorize.net CIM because of the many useful features it provides. Besides 2.9% and 30 cents per transaction, Authorize.net charges a one-time setup fee of $49 and a recurring fee of $20.

It processes refunds, subscriptions, and pre-orders, and works with all major credit cards and debit cards, as well as PayPal. A buyer never has to leave your site to complete a purchase, but this does necessitate an SSL certificate.

As an added convenience, customers can opt to have their payment information stored for future purchases. Quick-sync with QuickBooks and an Advanced Fraud Detection Suite are included in the cost to help you streamline the financial aspects of your business.

Customers from all over the world can make purchases, and you can process refunds automatically with the help of a plugin, all without leaving WooCommerce.

Highlights of the AUTHORIZE.NET Payment Gateway:

Distributed all over the world

2.9% plus $0.30 in processing fees.

There is a one-time activation fee of $49, plus a $20 monthly maintenance fee.

Cash registers are available right there on the premises.

All major credit cards and PayPal are accepted.

There are Authorize.net plugins for WordPress that will allow you to accept payments online.

Authorize.net’s WooCommerce add-on (which costs money) CIM The WooCommerce Add-On is $79 Using the Authorize.net payment gateway $79

Integrates with WooCommerce as a Credit Card Processing Gateway via Authorize.net $29

This Authorize.net Payment Gateway for WooCommerce plugin is provided at no cost to you.

Plugin for Authorize.Net Payment Gateway for WooCommerce

A Top 5 Gateway to 2Checkout

The online payment service 2Checkout is also widely used. With no additional charges, you can accept all major credit cards, debit cards, and PayPal. A $25 fee will be assessed in the event of a chargeback.

 Each month’s service is free, and there are no initial costs either.

2Checkout accepts payments from customers and businesses in over 200 different countries. Shoppers can use 15 different languages and 87 different currencies on 2CO.

The standard fee for exchanging money back into your home currency is 2-5% above the going rate of exchange at your local bank. As soon as the order is processed, the customer is redirected to 2CheckOut where they can complete their secure transaction (there are also self-hosted options).

There is no need for an SSL certificate on your website. The transaction is complete once the user is redirected to a “thank you” page following successful payment.

There are a number of 2Checkout-compatible plugins for WordPress, including:

Purchase the 2Checkout Plugin for only $79 (currently defunct)

2Do a Web-based Checkout Checkout $79.

Woo-Commerce Payment Options: 2Checkout Gateway + Recurring + In-Text $29

Variants of WooCommerce-compatible Payment Processors

When it comes to accepting payments, WooCommerce is compatible with a wide variety of options. If you’re running a WordPress store and would like to add the Paddle payment gateway, you can do so with the help of the WPSmartPay plugin.

 You can also use the following alternate methods of payment:

1. In the beginning, there was FirstData.

Use First Data to set up a streamlined payment process on your website for your customers. All major credit cards are accepted, and a shopper’s chosen method of payment may be stored in their account for future use.

Not only can you automatically issue refunds from within WooCommerce, but it also works with WooCommerce subscriptions and preorders. If you want to keep your customers’ credit card information safe, you need to get an SSL certificate.

2. Payza

If you use Payza, you can take payments from customers in more than 190 different countries. Registration is totally free, and there are no recurring charges of any kind.

Payza’s secure servers handle all financial transactions, and once a customer has paid, they are redirected back to your site. This frees you from having to install and manage SSL certificates and undergo costly PCI compliance, allowing you to focus on selling more of your products and services.

Customers have the option of using their existing Payza balance or a new credit card. Anyone can pay with a credit card, and you accept Visa, MasterCard, American Express, Discover, and JCB. All countries appear to be charged the same flat rate of 2.90% plus $0.30 USD per transaction.

3. Wirecard.

Wirecard gateway supports over a dozen different payment options. You can accept payments from all major credit and debit cards, PayPal, GiroPay, iDeal, SafeCard, Mobile Payment (paybox, Orange, T-Mobile, tell. ring, A1), and many more through Wirecard’s integration tools. For an exhaustive rundown of accepted payment methods, check out Wirecard’s official website.

After adding everything to the cart, the customer will select his preferred payment method from those offered by Wirecard.

The customer will then be transferred to Wirecard’s encrypted payment processing servers. The buyer is taken back to your shop and shown a “Thank you/Receipt” page after the transaction has been processed.

As a result, you can skip setting up SSL on your website. There is no initial or recurring fee. Simply put, you only have to pay for the resources you actually employ.

Closing Remarks on WooCommerce Payment Methods

An online payment gateway processes and authorizes financial transactions like credit card payments. You will likely need a payment gateway if you intend to sell anything on your website.

You’ve put a lot of time and effort into your company, but have you spent as much time and effort as you should have to pick the best WooCommerce payment gateways?

Income generation is the lifeblood of any company. However, selecting a reliable payment gateway is equally crucial. Customers are more likely to abandon their carts if making payment presents too much of a hassle.

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