4 Must-Have Payment-Centric Extensions for Your Magento Store

You can’t deny the fact that the right payment gateway, backed with crucial checkout and other features, is the lifeline of your Magento store. May it be about providing ample payment methods, enabling some restrictions, or adding an international payout acceptance feature, you will need the right Magento 2 extensions for the job. 

It is true that you need a great UI with easy navigation to entice customers to place their orders. But, successful checkout is the last step for registering a conversion, and that’s possible when you have the process sorted and streamlined for the customers. Without the right payment gateway for Magento 2 or other such extensions, cart abandonment will increase.

If you are new to Magento and are in search of the best payment-centric extensions to drive productivity for your store, this article will list out the 4 best of them to count on. 

What are the Most-Crucial Payment Related Extensions for Your Magento Store?

As you have stepped into the eCommerce world using Magento, it is presumable that you are already aware of the importance of a payment gateway and how it functions. So, without stressing about those standard details, let’s give you a clear understanding of the 4 crucial payment-centric Magento 2 extensions for you to count on:

1. PayTrace Payment Gateway

PayTrace payment gateway is one of the most reputed and reliable solutions for your Magento store. As this extension meets the PCI standards, you can be assured that every transaction that goes through it is 100% secure. 

The best thing about this payment gateway for Magento 2 is your customers won’t be redirected to a new tab for processing the transaction. They can stay on your Magento store itself while giving in their credentials to complete the payment. It is most likely one of the best B2C payment solutions that can help you receive payments faster. 

With this, the trust factor and customer satisfaction quotient increase among customers, which is a great thing to achieve as an eCommerce business owner. Some of the features associated with the PayTrace payment gateway are:

  • Compatible with all versions of Magento 2, including 2.2x, 2.3x, and 2.4x. 
  • Add all US-accessible credit card acceptance features to it. 
  • Available with PayTrace Post and PayTrace JSON API. 
  • Compatible with the Hyva theme for Magento.
  • Automates the invoicing processes. 

2. PayPal Multicurrency

PayPal itself is one of the best payment gateways that you can add to your Magento store. But, with the PayPal Multicurrency Magento 2 extension, you will be able to allow your customers to process payments in their desired currency. 

For instance, if you are operating your business from India, but your customer is willing to place an order from the US, they don’t have to manually convert the total amount from Rupees to US dollars. 

Instead, they will see the final amount in a converted currency, which is ideal for them to process the payment. This way, your business will become global as more customers will connect to your brand without any geographical boundary. Some of the features of this extension include:

  • Permits all currencies to be used with PayPal Express and Standard payment method. 
  • Supports acceptance of payment in desired currency than that of the base currency. 
  • Comes with a one-click installation feature. 
  • Compatible with the Hyva theme. 
  • Supported with all versions of Magento 2, including 2.0x, 2.1x, 2.2x, 2.3x and 2.4x. 

3. Payment Restrictions

Magento 2 Payment Restrictions extension is yet another popular consideration for you to add along with your usual checkout features of the store. Using this, you will be able to restrict certain payment methods based on different attributes. 

Some of the attributes on which you can restrict certain payment methods include shipping addresses, product types, store views, cart items, and customer groups. Suppose your customer is placing an order from a city where your shipping network is low. 

In that case, providing cash on delivery options might not be feasible because of the possible shipping expense that you might have to incur in case of return/replacement. Similarly, different attributes can be considered for adding required restrictions. 

Some of the features of this extension include:

  • Payment process productivity will increase. 
  • Certain methods can be restricted at the checkout section.
  • Payment rules can be implemented based on the customer groups. 
  • It helps multiply the opportunities for your business and reduce the risks. 
  • Easy to manage the restrictions. 

4. Monetico Payment Gateway

Monetico Payment Gateway is one of the most proficient Magento 2 extensions that come with the sanction method payment page. With the use of it, your customers will be redirected to a different Monetico window for completing the payment. 

Using this, you will find it easy to configure all your payment terminals that you want to invoke for Magento 2. Upon integrating this extension, you will be able to adopt high-end customizations that will be integrated into the store while being in alignment with the sales volume and industry. 

If you want to add sophistication and automation to your payment process on the Magento store, there’s no better option than Monetico Payment Gateway. Some of the features that come along with this extension are:

  • Automatic updates on payment. 
  • Completely automated payment process. 
  • Offers you secure coes for enhancing the payment security. 
  • Enables better UX for the customers. 
  • Compatible with Magento 2.1x and 2.2x versions. 
  • Backed by the 24/7 forum support. 

Parting Words

Choosing the right Magento 2 extensions for improving the payment proficiency of your store is a smart decision to make. Therefore, this article brings to you the best four of them to count on. Pick the optimal gateway and add the necessary supporting extensions to improve the overall checkout process for your Magento store. 

You definitely don’t want your potential customers to abandon your site just because they didn’t find the payment features enticing enough. So, it’s time you get the best payment-centric Magento 2 extensions for your store and connect with the developers to integrate them with a specific process.