Payment Gateways for eCommerce

4 Best Payment Gateways for eCommerce Businesses

Payment Gateways for eCommerce
Struggling with cart abandonment? Ever considered if payment gateways for eCommerce businesses are the root cause?

The success of a business majorly depends on increasing sales, making it crucial to pay attention to optimizing every aspect of the customer experience. One important factor in this endeavor is choosing the right payment gateways for eCommerce business.

If customers face any difficulty or friction during the checkout process, they are more likely to abandon their shopping carts. This will directly impact your sales. Not only do you miss out on sales opportunities but also experience decreased revenues.

Therefore, it is crucial that customers can pay easily. Choosing the right WooCommerce payment gateway providers plays a big role in this. 

In this article, we look at the best payment gateways for eCommerce businesses. We cover how they work, what fees they charge, and their key features. This will help you decide which one is the best fit for your business needs and customers.

A well-designed payment system allows secure payments and also improves their overall experience. By offering various payment options and making checkout easy, eCommerce businesses can satisfy different customer preferences. Doing this helps increase your WooCommerce sales and keep customers happy.

We have curated the list of the top 4 payment gateways to help you easily pick the best option for your WooCommerce store. Let’s have a look-

1. Stripe

Stripe is one of the widely adopted payment gateways for eCommerce businesses. This payment processing platform easily integrates with the WooCommerce Stripe payment gateway extension. This extension empowers businesses to accept transactions from popular credit/debit cards, as well as local payment methods such as iDEAL, Alipay, and SEPA Direct Debit.

Stripe operates on a pay-as-you-go pricing model. There is no setup as well as annual charges. Its comprehensive suite of features enables merchants to process one-time and recurring payments, streamline invoicing, automate tax calculations, and more. 

Service Statistics

Stripe offers a transaction fee of 2.90% plus $0.30 per card or digital wallet transaction. It supports over 135 currencies and operates in 46 countries.

Key Features

  • Payment Links for saved payment methods and easy one-click checkouts
  • Stripe Elements for customizable and PCI-compliant payment collection
  • Stripe Radar for fraud detection and prevention using machine learning
  • Dynamic 3D Secure for minimizing fraud risk in high-risk transactions
  • Complex functionality may require API knowledge and developer assistance
  • Additional fees for custom checkout domain ($10/month)
  • High setup fee for Point-of-Sale system ($249)

2. PayPal

PayPal is one of the most popular payment gateways for eCommerce stores. WooCommerce easily incorporates PayPal as a default payment option for your online store.

With a rich history in the payment sector, PayPal provides a diverse range of services tailored for personal, business, and eCommerce needs. If you are running a business with many international transactions, it’s suggested to use an additional payment gateway alongside PayPal Standard.

Service Statstics

PayPal is available in dozens of countries and requires users to have a PayPal business account. Charges incurred are based on the type of account and the volume of sales conducted.

Key Features

  • PayPal is a widely accepted and recognized payment method
  • Seamless integration with WooCommerce
  • Secure payment processing trusted by millions of users worldwide
  • User-friendly interface for an easy checkout process
  • Flexible payment options including credit/debit cards and PayPal balance
  • Robust fraud protection and buyer/seller protection programs
  • No on-site checkout experience (customers redirected to PayPal)
  • Need to review charges carefully as they impact your business
  • Limited payment options for international customers

3. WooCommerce Payments

WooCommerce Payments is another great option for payment gateway providers. Developed by the team behind WooCommerce, it presents itself as a simple payment solution that enhances the checkout experience through seamless integration.

This payment gateway utilizes a pay-as-you-go model with a transaction fee of 2.9% + $0.30 for U.S.-issued cards, added by an additional 1% fee for cards issued outside the United States.

Service Statistics

As of the current update, WooCommerce Payments is accessible for stores located in 38 countries. It can accept payments from over 100 countries. To confirm availability, users can check the expanding list on their website.

Key Features

  • Transparent fee structure for clear understanding
  • Easy and quick WooCommerce integration for an organized experience
  • User-friendly setup process for simplicity and efficiency
  • Global payment acceptance facilitates transactions worldwide
  • Real-time transaction monitoring enhances security and oversight
  • Higher transaction fees may affect profitability
  • Limited customization options restrict tailored solutions
  • Dependency on Stripe infrastructure introduces reliance
  • Potential service interruptions may disrupt operations
  • Restricted availability in some regions limits accessibility

4. Square

Square emerges as a top-tier choice for payment gateway for eCommerce stores. This is especially helpful for retailers with physical storefronts, delivery capabilities, and multiple sales avenues. 

Square’s strength lies in its provision of terminals and credit card readers that allow businesses to process in-person payments. This complements their online transaction capabilities.

Service Statistics

Square is available in the US, Canada, Australia, Japan and the UK and has a fixed transaction rate (varies by country). The WooCommerce Square extension synchronises products between your website and your Square account. It also supports adding products directly to your Square account, which are then added to your WooCommerce store.

Key Features

  • Seamless synchronization of products between WooCommerce and Square
  • Integration with WooCommerce Subscriptions for recurring payments
  • Detailed sales analytics and reporting functionalities
  • Customizable checkout experience for enhanced branding
  • Comprehensive inventory management capabilities
  • Secure payment processing with advanced fraud detection measures


  • Limited support for international currencies
  • Higher transaction fees as compared to some competitors
  • Occasional delays in funds availability
  • Complex setup process for beginners
  • Limited geographic availability compared to some other gateways
  • Transaction fees may vary across supported countries


The best payment gateway for eCommerce businesses is the one that offers the best transaction fees, is easily available in your region, and above all offers a better user experience for your customers. Evaluate all the factors carefully to choose the best payment gateway provider. If you are still confused about choosing the right payment gateway for your online store, feel free to reach out to us. You can also install live chat software to quickly respond to your customers and increase your sales. 

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