Selecting the appropriate payment gateway is a critical aspect for enabling a pleasant buying experience and secure transactions at your WooCommerce store. Today in 2024, the rivalry among WooCommerce payment gateways has perked up, with every vendor offering different features, different arguments. Here is a detailed review of the seven most popular WooCommerce payment gateways in 2024, including company descriptions, statistics, features, prices and reasons that they might be chosen by you.
WooCommerce Payment Gateways
1. PayPal
Today, with over 400 million active account holders around the world, PayPal Inc is a key player in the payment processing industry. PayPal enters more than $ 1.25 trillion in transactions each year, being one of the most widely accepted payment gateways worldwide. This product has seamless integration with WooCommerce, allowing vendors to accept payments in a variety of currencies. The ability to enjoy key features including strong buyer protection, top flight fraud prevention and immediate pay outs for eligible vendors is also essential.
Owner: PayPal Holdings, Inc.
Features:
- Easy integration with WooCommerce.
- Supports multiple currencies.
- Offers buyer protection and fraud prevention.
- Instant payouts available for eligible merchants.
Pricing:
- 2.9% + $0.30 per transaction for domestic payments.
- Additional 1.5% fee for international transactions.
Why Choose: PayPal’s widespread acceptance, robust security features, and seamless integration make it a top choice for WooCommerce payment gateways.
2. Stripe
Stripe, Inc. originally started as a big solid sounding Stripe and now annually handles hundreds of billions of dollars. Stripe has customers based in a hundred twenty countries worldwide, famous for its flexible and innovative payment bill bank apps. It supports over 135 different means of payment and also offers various high end features including allowing users to build their own checkout user experience. Your subscription is supported by Stripe Billing and it offers also for Stripe Radar.
Owner: Stripe, Inc.
Features:
- Customizable checkout experience.
- Supports over 135 currencies.
- Advanced fraud detection through Stripe Radar.
- Subscription billing and invoicing tools.
Pricing:
- 2.9% + $0.30 per transaction for domestic cards.
- 1% additional fee for international cards.
Why Choose: Stripe’s flexibility, comprehensive API, and global reach make it one of the best WooCommerce payment gateways for businesses of all sizes.
3. Square
Square is a flexible payments processing gateway owned by Block, Inc., that allows payments to go online and offline. An active community of over 2 million merchants use Square to process billions of dollars in transactions every year. Online and offline sales can be unified thanks to deep collaboration with WooCommerce. Square offers many features, including a free online store builder inventory management in real time and Square Reader transfer for accepting payments in person.
Owner: Block, Inc.
Features:
- Seamless integration with WooCommerce.
- In-person payment processing with Square Reader.
- Free online store builder.
- Real-time inventory management.
Pricing:
- 2.9% + $0.30 per transaction for online payments.
- 2.6% + $0.10 for in-person payments.
Why Choose: Square is ideal for businesses that need both online and offline payment solutions, making it a versatile WooCommerce payment gateway.
4. Authorize.Net
For many years, payment processing company Authorize.Net has been a household name. With more than 430,000 merchants served and over $149 billion in payments being handled annually by Authorize.Net. Authorize.Net there is just no better place for your payment needs than the payment gateway it offers its WooCommerce stores. Features of this include advanced fraud detection and prevention, eCheck and mobile payments support in perpetuity options reproductible on a massive scale to name just a few!
Owner: Visa Inc.
Features:
- Advanced fraud detection and prevention.
- Supports eChecks and mobile payments.
- Recurring billing and subscription management.
- 24/7 customer support.
Pricing:
- $25 monthly gateway fee.
- 2.9% + $0.30 per transaction.
Why Choose: Authorize.Net is a reliable WooCommerce payment gateway for businesses that prioritize security and customer support.
5. Braintree
A popular payment gateway, Braintree is used by brands like Uber, Airbnb and GitHub. In transactions Braintree processes billions of dollars annually and has gained global fame for its versatility. It caters for many forms of payment like PayPal, Venmo, Apple Pay and Google Pay. Besides major credit cards, there are other options as well. Furthermore, Braintree has a wide array of reporting tools and fully customizable user interfaces. Braintree also provides an excellent anti fraud guarantee, making it a secure choice for WooCommerce stores.
Owner: PayPal Holdings, Inc.
Features:
- Supports PayPal, Venmo, Apple Pay, Google Pay, and credit cards.
- Global reach with support for 130+ currencies.
- Customizable UI and advanced reporting tools.
- Robust fraud protection.
Pricing:
- 2.9% + $0.30 per transaction.
- No monthly fees.
Why Choose: Braintree is perfect for WooCommerce stores that want a versatile, all in one payment solution with global capabilities.
6. Mollie
More than 130,000 merchants in Europe use Mollie payment gateway. Mollie is renowned for its low cost and user friendly payout system: with just a few clicks on your monthly bill to process a billion euros in transaction fees annually as shown below. All major European payment methods are supported by Mollie. A part from its unique pricing method, there are no monthly fees to pay. Mollie’s features include detailed reporting and analysis services, easy integration into WooCommerce site running systems for European localizations.
Owner: Mollie B.V.
Features:
- Supports all major European payment methods.
- Pay per use pricing model with no monthly fees.
- Easy integration and setup.
- Detailed reporting and analytics.
Pricing:
- 1.8% + €0.25 for European cards.
- 2.9% + €0.25 for non-European cards.
Why Choose: Mollie is one of the most cost effective WooCommerce payment gateways for European merchants, offering localized support and competitive rates.
7. 2Checkout (now Verifone)
2Checkout Global Payment Services Ltd. is one of the largest online payment systems with over a quarter century of industry experience. Currently it runs like clockwork and supports more than 20,000 merchants in 180 countries. Phrases taken from 2Checkout, as it’s affectionately known, processes millions of payment transactions each and every year. Each branch of 2Checkout’s payment platform has a friendly interface with online technical support and is easy to understand.
Owner: Verifone, Inc.
Features:
- Global payment processing with support for 45+ payment methods.
- Subscription billing and global tax management.
- Fraud protection and chargeback management.
- Multilingual and multi-currency support.
Pricing:
- 3.5% + $0.35 per transaction.
Why Choose: 2Checkout is a top WooCommerce payment gateway for businesses looking to expand globally, thanks to its extensive international support and comprehensive feature set.
Conclusion
If your WooCommerce site is to be a success, its success may well lie in the choice of payment gateway. For example, each of the 7 best payment gateways comes with its own original features, pricing system or benefits that can be tailored to different company needs. The WooCommerce payment gateway that will suit you best in 2024 or so we hope depends on what becomes your priority: global reach, low transaction fees, or advanced security.
