Payment Gateways - our review of Magento’s best offerings

23 June 2023

We understand the importance of choosing the right payment provider for your Magento 2 store. A seamless, secure, and efficient payment process is essential to maximise conversions and provide an excellent shopping experience for your customers.

That's why we’ve carefully curated a list of our preferred payment providers, each offering unique features and benefits to suit your business needs.

 

Mollie


Mollie is a modern payment gateway, which integrates into webshops to allow merchants to process a variety of payment methods, all through one place (e.g. cards, applepay, klarna).


The process of integrating with Mollie, from installation and setup to configuration, is incredibly seamless for both clients and the development team. Their extensive documentation, developer-friendly APIs and integration tools make it easy to set up and configure Mollie as a payment gateway for Magento 2, ensuring a smooth and hassle-free payment processing experience.


Mollie's dedicated team remains available throughout the entire integration journey, providing assistance from beginning to end. They are readily accessible to address any issues that may arise after Mollie becomes your chosen payment provider, whilst actively seeking feedback from clients and agencies to enhance their services.


Mollie will work with you and compare your current payment provider if you are looking at changing this, and review the costs currently spent vs what they could save you! We have seen savings of up to 12k per annum from switching to Mollie.


  • Wide Range of Payment Methods: Mollie supports a wide array of payment options, including credit cards, debit cards, bank transfers, e-wallets (such as PayPal and Apple Pay).
  • Competitive Pricing: Mollie offers transparent and competitive pricing structures, with affordable transaction fees and no setup or monthly fees. This pricing model allows Magento 2 merchants to optimise their costs while benefiting from a reliable payment solution.
  • Strong Security Measures: Mollie prioritises the security of transactions and customer data. They are compliant with the Payment Card Industry Data Security Standard (PCI DSS) and use secure encryption protocols to protect sensitive information.
  • Fast Settlements: Mollie offers fast settlement times, ensuring that merchants receive their funds quickly after successful transactions.
  • Responsive Customer Support: Mollie provides responsive customer support, offering assistance via email, phone, and chat. Their clients, no matter what size, receive a Customer Success Manager who is readily available.
  • Analytics and Reporting: Mollie provides comprehensive analytics and reporting tools that give merchants valuable insights into transaction data, customer behaviour, and payment performance.
  • Efficiency: by using one integration to supply multiple payment methods, this reduces the risks and weight of a Magento store which otherwise could have 3+ payment method integrations.
  • Investment: One notable aspect of Mollie is their commitment to keeping their platform up to date. They regularly update their module, actively addressing bugs and staying in line with industry trends.

We enjoy working with the Mollie team because of the product capabilities, superior user experience, and our clients love the fair pricing. We have seen the platform work especially well for SMBs who want to be able to contact their PSP at any given time, or want to upgrade their checkout at a reasonable cost.



Online-payment



Adyen


Adyen is recognized as a reliable and effective payment provider for Magento 2 and offers some impressive features in the enterprise space that they target. Their fraud prevention is industry leading (up to 10% clawback in some cases), so if this is a concern, Adyen may be the choice for you.

 

They’re a great fit for vendors that have £5M+ in revenue but offer more competitive rates once you reach £10m+ in online sales. They also offer an industry leading POS solution with some of the best card machines available on the market.

 

Unlike traditional payment processors, Adyen operates as a full stack solution. It has built its technology stack from scratch, allowing for greater control, flexibility, and customisation options. This enables businesses to tailor their payment experiences and optimise processes according to their specific needs.

  • Comprehensive Payment Solution: Adyen offers a comprehensive range of payment options, including credit cards, debit cards, alternative payment methods, and localised payment options. Global Reach: Adyen supports payments in over 150 currencies and provides access to a vast network of acquiring banks worldwide. This global reach enables Magento 2 merchants to expand their business internationally without having to worry about payment complexities or limitations.
  • Seamless Integration: Adyen provides easy integration options with various e-commerce platforms, point-of-sale (POS) systems, and mobile applications. It offers developer-friendly APIs and software development kits (SDKs) that simplify the integration process, allowing businesses to start accepting payments quickly.
  • Advanced Fraud Prevention: Adyen employs sophisticated fraud detection and prevention tools to protect merchants from fraudulent transactions. Their advanced algorithms and machine learning capabilities help identify and block suspicious activities, minimising chargebacks and potential losses for Magento 2 merchants.
  • Unified Commerce Experience: Adyen offers an integrated platform that allows merchants to unify their online and offline sales channels. This means that Magento 2 merchants can seamlessly accept payments across various touchpoints, such as e-commerce websites, mobile apps, and physical stores, providing a consistent and convenient experience for customers.
  • Analytics and Reporting: Adyen provides robust reporting and analytics capabilities that offer valuable insights into payment performance, customer behaviour, and transaction trends.
  • Dedicated Support: Adyen is known for its excellent customer support and dedicated account management. They offer round-the-clock assistance to help resolve any payment-related issues promptly and efficiently, ensuring a smooth payment experience for both merchants and customers.Ultimately, businesses choose Adyen for its comprehensive payment processing capabilities, global reach, security features, and ability to provide a seamless and reliable payment experience for customers around the world.


Stripe


Stripe is one of the most recognisable names in the payment space and offers a fully integrated suite of payment products. Installation and integration is easy across a wide range of platforms, particularly Magento 2.

 

No matter the size of your business, if you use Magento 2, Stripe is a worthwhile consideration. One of the unique benefits of Stripe is its scalability, meaning it can grow alongside your business seamlessly.

 

They also offer customisation to the payment experience aligned to your business requirements, providing a flexible choice when clients are reviewing options for their payment provider.

 

  • Global Payments: payments are accepted through your website, in person (via a Stripe terminal ranging from £49 to £179) and also directly within the Stripe portal.
  • Checkout Flow: Stripe hosts the payment page at checkout themselves, providing an optimised customer experience which increases security and adapts to the customer’s language and device. Stripe’s platform includes 40+ payment methods; credit & debit cards, localised payments options and the latest technology with simple and intuitive integration of Apple and Google Pay.
  • Advanced Fraud Monitoring: Stripe makes use of machine learning to understand customer purchase patterns, finding anomalies and blocking transactions at checkout to keep your website and customers secure. “Stripe Radar” scores every transaction for risk against models trained on a wide range of data points to ensure accuracy without compromising genuine orders.
  • Support Centre: A dedicated support team available 24/7 for all issues small and large.
  • Finance & Review: Stripe provides in depth reporting and analytics of transactions, providing a good overall summary of business finances, conversion performance and monthly overviews.
  • Developer Friendly: An extensive API which can be used to automate actions, extend the Stripe dashboard with added functionality and embed custom features to simplify workflow and tailor your checkout to your customers’ needs.

If you’re interested in any one of the above, please get in touch as we can often negotiate a better solution.

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