Addify Fifth Anniversary Sale! Get 30% OFF on all Addify Extensions. Use Coupon Code: Addiversary30

10 Top Payment Gateways for WooCommerce and Its Benefits in 2024

Are you managing a WooCommerce private store and finding it tricky to deal with your current payment gateways? 

Making the right choice regarding payment gateways is essential for ensuring a smooth customer experience and increasing sales. With so many options available, it’s crucial to know which ones are the best fit for your business. 

In this guide, we’ll explore the top 10 payment gateways for WooCommerce in 2024, helping you streamline your online transactions and drive growth for your business.

Best Payment Gateways for WooCommerce

Choosing the right payment gateway for your WooCommerce store is paramount for seamless transactions and customer satisfaction. Here, we’ll delve into the top contenders in 2024, highlighting their benefits to help you make an informed decision for your online business.

  1. Stripe 
  2. Braintree
  3. Paystack
  4. Amazon Pay
  5. Authorize.Net
  6. Square
  7. WooCommerce Payments
  8. Paypal 
  9. Apple Pay
  10. Alipay

1. Stripe 

stripe payment gateway

Stripe is the best payment gateway for WooCommerce because it offers a straightforward way to accept payments. It lets you take payments using commonly used debit and credit cards, along with local payment options. With Stripe, your customers can complete their purchases directly on your website without being redirected elsewhere. 

Stripe serves as both a payment gateway and a platform for handling payments securely. To use Stripe with WooCommerce, you’ll need an SSL certificate to protect your customers’ credit card information. However, the plugin already includes features like Stripe JS, which tokenizes credit card numbers to keep data safe.

Benefits:

  • A checkout process designed to boost conversions while ensuring PCI compliance.
  • Support for local payment options to cater to a global customer base.
  • Quick and easy checkout on both desktop and mobile devices.
  • Advanced fraud protection and support for 3D Secure authentication.
  • Simple reporting and monitoring tools for tracking transactions.
  • Fast payment processing for a seamless customer experience.
  • Compliance with Strong Customer Authentication (SCA) requirements in the European Economic Area (EEA).
  • Easy installation and integration with various checkout methods.
  • Compatibility with major eCommerce platforms.
  • No startup costs, monthly fees, or hidden charges.
  • Low transaction costs compared to other payment gateways.
  • Seamless payment processing without redirecting customers to external sites.
  • Prompt customer support and the option to generate invoices with logos.

Transaction Fee:

Stripe’s WooCommerce plugin is free to download, and updates and customer support are also provided at no cost. Transaction fees are calculated at 2.9% + 30 cents for each successful card charge.

Supported Currencies and Regions:

The WooCommerce Stripe payment gateway supports businesses in over 45 countries/regions and accepts payments in more than 130 currencies.

2. Braintree

braintree payment gateway

Braintree has gained popularity among businesses of all types since its launch in 2007. It’s known for its versatility, especially for eCommerce sites, where it facilitates both web and mobile payments seamlessly. For WooCommerce users, Braintree serves as a comprehensive PayPal solution.

To use Braintree with WooCommerce, you’ll need PHP version 5.4 or higher. If you’re selling within the European Economic Area (EEA), you’ll also need to comply with Strong Customer Authentication (SCA) requirements, which Braintree supports.

Benefits:

  • PCI Compliance ensures security and meets SAQ-A standards.
  • Accepts PayPal and major credit/debit cards like Visa, Mastercard, American Express, Discover, Diners Club, and JCB.
  • Offers robust fraud prevention capabilities to identify and prevent fraudulent transactions.
  • Supports PayPal buttons for quick checkout, enhancing conversion rates, especially on mobile devices.
  • Easy setup and user-friendly interface for managing client data and transactions.
  • Centralized dashboard for managing user subscriptions.
  • Efficient conflict resolution procedures.

Transaction Fee:

Braintree charges a fee of 2.9% + $0.30 per transaction for payments made with Visa, Mastercard, JCB, etc., completed within the US. There’s also a $15 chargeback fee. 

Supported Currency and Regions:

The WooCommerce Braintree payment gateway supports businesses in 47 countries, accepting payments in over 130 currencies.

3. Paystack 

paystack payment gateways

Paystack is a leading online payment solution in Nigeria, Ghana, and South Africa. With its plugin for WooCommerce, businesses can effortlessly accept secure payments from various regional and international channels. Trusted by over 60,000 companies, Paystack ensures smooth transactions for businesses of all sizes.

For WooCommerce Subscriptions integration, your WooCommerce version needs to be 2.6 or higher. For using WooCommerce Subscriptions, version 2.0 or above is required.

Benefits:

  • Seamless checkout experience by accepting payments directly on your website.
  • Support for WooCommerce Subscriptions plugin and recurring payments.
  • Accessible and responsive customer service is available 24/7.
  • Free updates with new features and payment methods.
  • APIs with clear documentation for creating custom payment experiences.
  • Advanced fraud detection measures for enhanced security.
  • Transparent pricing without additional fees or hidden costs.
  • One of the most reliable African Payment Gateways.
  • A secure method for online transactions and payments.
  • Basic online transaction processing capabilities.

Transaction Fee:

Paystack charges a local transaction fee of 1.5% + NGN 100. For foreign transactions, there’s an exchange rate fee of 3.9% + NGN 100. 

Supported Currency and Regions:

Paystack currently supports Nigeria, Ghana, and South Africa, but it’s gradually expanding its services across Africa.

4. Amazon Pay

amazon pay payment gateway

Amazon Pay, introduced in 2007, stands as a premier payment gateway for WooCommerce, renowned for its efficiency and security. With Amazon Pay, customers enjoy a seamless checkout experience directly on your website. This means they can finalize their purchases without being redirected elsewhere, enhancing convenience and trust. 

One of the key advantages of Amazon Pay is its speed. Customers can swiftly complete transactions using their Amazon account credentials, saving time and reducing friction in the checkout process. 

Benefits:

  • Integrated support for Strong Customer Authentication (SCA).
  • Customers can use local currency throughout the shopping process.
  • Supports recurring payments via WooCommerce Subscription.
  • Offers Payment Protection policy for qualified physical goods purchases.
  • Provides Amazon Pay A-to-z Guarantee for assurance of delivery timeliness and order.
  • Secure payment method.
  • Offers rewards and cashback.
  • Easy integration with Alexa-enabled devices.

Transaction Fee:

Amazon Pay charges a domestic processing fee of 2.9% plus an authorization fee of $0.30, along with applicable taxes.

Supported Currency and Regions:

Amazon Pay is available in the USA, UK, Germany, France, Italy, Ireland, Spain, Luxembourg, Austria, Belgium, Cyprus, Netherlands, Sweden, Portugal, Hungary, Denmark, and Japan. However, it supports conversion from currencies of the most dominant countries worldwide.

5. Authorize.Net

authorize.net payment gateways

Authorize.Net is a trusted payment gateway for WooCommerce, serving over 440,000 merchants worldwide. To access its full range of services, ensure your Authorize.Net account has the CIM service activated.

With Authorize.Net, users can pay for memberships using eChecks or credit cards. The gateway fully supports WooCommerce pre-orders, enabling you to collect payment information upfront and charge customers when the pre-order is available.

Benefits:

  • Assistance with Authorize.Net eCheck.
  • Easily run detailed reports and capture charges directly from WooCommerce.
  • Access WooCommerce store data with Authorize.Net Reporting, receiving daily emails with CSV attachments of transactions.
  • Automatic alerts for suspicious transactions.
  • Immediate payout announcements.
  • Support for seamless data integration.

Transaction Fee:

Authorize.Net plugin for WooCommerce is available for $79.00 annually. A 30-day money-back guarantee is offered if you’re dissatisfied with the product or service. Transaction fees are 2.9% + $0.30 per transaction.

Supported Currency and Regions:

Authorize.Net supports transactions in the United States, Australia, and Canada.

6. Square

square payment for woocommerce

Square is a popular payment gateway for small to medium-sized businesses using WooCommerce. It offers a mobile point-of-sale solution, allowing merchants to accept card payments on mobile devices, both online and in-person.

While Square’s international availability is not as extensive as some other gateways, its tailored business plans make it particularly suitable for restaurants, retail sites, and appointment-based businesses.

Benefits:

  • Accept payments anytime, anywhere, online, offline, or on the go.
  • Support for all major credit and debit cards.
  • Quick deposits within 1-2 business days.
  • PCI-DSS compliant payment processing with end-to-end encryption without additional PCI or security fees.
  • Continuous account security monitoring by Square’s fraud prevention team.
  • Ideal for new and small businesses.
  • Free installation and compatibility with the WooCommerce platform.
  • Consolidates all payment options into one centralized data center for easy management.
  • Supports recurring payments through Square’s invoicing settings.

Transaction Fee:

Processing payments through Square on your WooCommerce store incurs a fee of 2.9% + $0.30 per transaction, with pricing varying by country. 

Supported Currency and Regions:

Square currently supports payments in the United States, Canada, Australia, Japan, Ireland, France, Spain, and the United Kingdom. If your shop base address is in a different country, Square cannot be used for payment processing.

7. WooCommerce Payments

woo-payment gateways

WooCommerce Payments, also known as WooPayments, is an integrated payment gateway designed for WooCommerce stores. It accepts major credit and debit cards, as well as local payment methods, without any setup or monthly fees. Additionally, it supports popular services like Google Pay and Apple Pay, with buy now, pay later (BNPL) options available in select regions.

Being one of the native WooCommerce payment options, WooPayments offers seamless integration with your WooCommerce store. This means you can handle payments, track cash flow, and manage disputes directly from your store’s dashboard.

Benefits:

  • Reduced cart abandonment rates as customers can pay directly at your store.
  • Prices are displayed, and payments can be made in the customer’s preferred currency.
  • Option for customers to save their credit card information for faster future checkouts.
  • No monthly costs and built-in support for multiple currencies.
  • Accepts various payment options including Apple Pay, Google Pay, giropay, Sofort, iDeal, SEPA, P24, EPS, and Bancontact.
  • Simplified checkout process to minimize cart abandonment.
  • Integrated dashboard for easy monitoring of chargebacks, disputes, and refunds.

Transaction Fee:

WooCommerce Payments charges a transaction fee of $2.9 + $0.30 for each transaction, with an additional 1% fee for international payments outside the United States. There is also an additional $15 fee in case of losing a dispute, like a chargeback.

Supported Currency and Regions:

WooCommerce Payments supports over 135 currencies. It is available in 10 countries, including the U.S., U.K., Ireland, Canada, New Zealand, Australia, Spain, France, Germany, and Italy.

8. PayPal

paypal payment method

PayPal stands out as an ideal payment gateway for WooCommerce stores with a global customer base, serving merchants in over 200 countries. This widely used payment gateway allows you to accept payments through various methods, including Alternative Payment Methods (APM) and digital wallets.

One of the key advantages of PayPal is its absence of monthly or setup costs. Moreover, you can qualify for discounted rates based on your sales volume, applicable to merchants earning over $3,000 per month with a PayPal account older than 90 days.

Benefits:

  • Increase sales by offering all popular payment methods in a single checkout solution.
  • Convert visitors into buyers with features like Later Pay.
  • Encourage recurring business with membership fees.
  • Benefit from 24/7 fraud detection and monitoring tools.
  • Meet compliance standards like PCI and PSD2 to satisfy global markets.
  • Compliant with card-based 2-factor authentication (3D Secure).
  • No additional cost for upgrading PayPal.
  • Safe to use and set up with transparent fees and no recurring charges.
  • Compatible with almost all platforms and marketplaces.
  • Manage multiple services within a single payment interface.

Transaction Fee:

PayPal, as a WooCommerce plugin, is free to download. However, like other WooCommerce payment gateways, PayPal charges a fee for each transaction. The standard rate for successful credit card or digital wallet transactions with US-based businesses is 3.49% + $0.49. Fees may vary depending on the country and region. 

Supported Currency and Regions:

PayPal supports various currencies for payments and currency balances, including USD, THB, GBP, and more.

9. Apple Pay

apple pay payment methods

Integrating Apple Pay into your WooCommerce store, especially if you have a physical location, can greatly enhance the customer experience. This mobile payment system utilizes NFC technology for both online and in-person transactions, making it ideal for businesses catering to a mobile-oriented customer base.

Similar to Amazon Pay, Apple Pay streamlines the purchasing process with a single-click option, eliminating the need for customers to fill out payment forms.

Benefits:

  • Split purchases into four installments over six weeks with no interest or fees.
  • Enables secure contactless payments, turning iPhones into POS terminals for accepting payments without expensive card readers.
  • Protects sensitive information through tokenization, ensuring card numbers aren’t shared with merchants. iPhone security features like Face ID and passcode further enhance customer loyaltiy.

Transaction Fee:

Apple Pay transactions are free for domestic transactions.

Supported Currency and Regions:

Apple Pay supports over 80 currencies and is available in 83 countries worldwide.

10. Alipay

alipay method gateways

As a top payment service in Chinese marketplaces, Alipay is one of the best WooCommerce payment gateways for merchants targeting the East Asian market.

Alipay supports various types of transactions, including bank transfers and card payments. It mainly uses QR codes for convenient transactions.

Benefits:

  • Simplifies payments by allowing customers to scan QR codes at participating merchants. Funds are deducted from linked bank accounts, cards, or other payment methods in their Alipay account.
  • Customers can authorize payments on PCs, game consoles, and smart TVs by scanning the authorization code with their mobile phones.
  • Customers can generate a payment code for merchants to scan in case of slow internet.

Transaction Fee:

Alipay charges a 3% fee per card transaction.

Supported Currency and Regions:

Alipay supports transactions in 27 currencies across more than 110 countries.

Final Words

When selecting a payment gateway for your WooCommerce store, it’s crucial to consider factors such as customer base, supported currencies, transaction fees, and security features. PayPal and Stripe emerge as versatile choices for merchants with international clientele, while Square and WooCommerce Payments offer seamless integration and ease of use. 

For businesses targeting specific regions, options like Alipay and Apple Pay cater to unique market preferences. Ultimately, the best payment WooCommerce gateways depend on your specific business needs and target audience.

FAQs

Q1. What are the advantages of using PayPal for WooCommerce?

Ans. PayPal offers seamless integration, support for multiple currencies, and buyer protection policies, making it ideal for merchants with an international customer base.

Q2. How does Apple Pay enhance the customer experience for WooCommerce stores?

Ans. Apple Pay allows for secure contactless payments and offers features like Apple Pay Later, providing flexibility and convenience for customers.

Q3. What are the benefits of integrating Alipay into a WooCommerce store?

Ans. Alipay simplifies payments with QR code scanning and supports various transaction types, making it an excellent choice for merchants targeting the East Asian market.

Q4. Which WooCommerce payment gateway is recommended for businesses with physical locations?

Ans. Square’s mobile point-of-sale solution and support for in-person transactions make it an ideal choice for businesses with physical locations seeking to enhance the customer experience.

Avail The Opportunity

Subscribe to Our Updates and Newsletters.