So, you have decided to sell your products online, have resorted to WordPress to build your website and WooCommerce to be able to sell your products on that website; now you have to make the crucial decision to pick a payment gateway for your website.
Before we proceed with the different types of WooCommerce gateways and their features, let us first understand what exactly a payment gateway is.
Understanding Payment Gateway
We all have made payments online and have been on the payment gateway page many times when we check out from our e-commerce cart and enter our debit/credit card details or bank account details to process the payment for our purchase. A payment gateway is a technology used by e-commerce sellers, online merchants, bricks and clicks, to take customers cards and/or bank details to process and collect the payments due.
In simple words, a payment gateway acts as an intermediary between a customer and the online seller by ensuring that the monetary transaction process is securely processed from the buyer to the seller while managing the card and bank details securely.
At present, there are numerous payment gateways options to choose from, however, for your convenience, we have shortlisted the top 4 payment gateways you can choose for your WooCommerce powered WordPress website.
Razorpay was founded in 2014 and now is one of the top payment gateway providers in India. It specializes in easy integration and instant activation. It enables payment via different modes such as UPI, debit/credit card, net banking and other wallets. It is the only gateway provider in India that allows businesses to accept, process and disburse with its product suite.
It empowers your business experience making it effective, efficient and quality to all financial processes. Many big businesses such as BookMyShow, UrbanClap, ZoomCar, etc use the Razorpay payment gateway solution.
Some of the features which make Razorpay all-powerful are:
- Industry-leading success rate
- Easy to integrate
- In detail reporting and insights
- Great check out interface
- Instant settlements
With Bluehost, you can easily integrate Razorpay with your WooCommerce online store, enjoy low transaction rates and free credits worth ₹1Lakh!
Stripe is an Irish-American financial services and payment gateway provider company launched in 2011 with over a million user. Its primary business is in payment processing software and Application Programming Interfaces (APIs) for e-commerce websites and mobile applications.
It provides APIs that website developers use to integrate a payment processing window in their websites.
Let’s delve into characteristics that make Stripe one of the preferred payment gateways:
- Lets users stay on the same website instead of redirecting them
- Offer customers discounts and coupon codes
- Enables subscription payments
- Flawless checkout experience
- Support for the developer community
PayPal is a global company, founded in America and is available in more than 200 markets around the world enabling consumers and sellers to send and receive money in more than 100 currencies, withdraw in 56 currencies and hold balances in 25 PayPal currencies.
It is also listed on NASDAQ and is focused on easing financial services and empowering people and businesses to partake in globalisation.
Some of its features that makes it globally accepted are:
- Fraud protection
- Multiple currency facility
- Supports international transactions
- Website integration
- Round the clock support
PayU is a financial technology company founded in 2002 based in the Netherlands, it enables businesses to accept and process payments founded in 2011 and achieved its $100 million milestones in 2018 operating in 50+ markets and home to 43 different nationalities.
PayU serves more than 4,50,000 merchants and has more than 100 payment methods. Businesses like Tally, Zoho, Shopmatic, etc use PayU as their payment gateway provider.
Some of the features that make PayU distinct are:
- 100+ payment options
- Easy to plug and play
- Easy integration
- Responsive designs
- API reference
Sell Online & Stay Safe with a Secure Payment Gateway
There are many payment gateway options in the market today, but it is for the business to carefully select one that suits their level of requirement of safety and security, integration process, onboarding process, bank settlement, responsive time, and more.
We at Bluehost always aim to guide you to select the most feasible payment gateway for your business. Sign up with us today and build your WordPress website and integrate the top WooCommerce payment gateway for your customers safe and secure shopping experience.
For more information, head to our WordPress Category page. Please feel free to drop comments and questions below.