Best WooCommerce Payment Plugins for your Business To Try In 2024

Just picture for a moment that someone who could become your client is excited and busy stuffing products into the cart only to give up at the checkout stage due to an uncertain or unstable payment gateway. It’s really sad, right? That’s why you need a good WooCommerce plugin for a payment gateway.

As many as 29% of people have abandoned their purchase because they did not trust the security of payments. In 2024, the landscape of payment solutions will continue to evolve with more advanced and user-friendly options.

The following are some WooCommerce payment gateways that should be considered this year. This will guarantee your customers an uninterrupted transaction process that is secure, fast and easy.

What Is A WooCommerce Payment Gateway?

An online store needs a WooCommerce payment gateway to authorize and process payments for. This is a WooCommerce plugin that acts as a go-between between the bank of your clients and that of your business, ensuring uninterrupted and safe transactions. 

How does the WooCommerce Plugin For Payment Gateway Work?

When it’s time for a client to make an order, the responsibility of making payment is taken up by the payment gateway. Here is how:

• Customer Makes a Purchase: The customer places all items he wants into his shopping cart before proceeding to check out.
• Transaction Request: Payment information gets encrypted by the payment gateway then sent to the acquiring bank (the merchant’s bank) in terms of transaction request.
• Authorization: The acquiring bank sends this request for transaction over to the issuing bank (customer’s bank) to confirm availability of funds.
• Approval or Decline: Based on available funds on customers' accounts, the issuing banks either approve or decline any given sale request received from acquiring ones.
• Transaction Completed: If approved the money would be taken out from the purchaser's account into the seller's own account. Then feedback shall be provided confirming successful completion thereof.

With the best WooCommerce plugin, this process happens within seconds, thus guaranteeing the buyer a convenient and swift checkout.

6 Best WooCommerce Plugins for Payment Gateway to Use in 2024

WooCommerce Multiple Stripe Accounts 

This plugin is intended to be flexible and convenient for businesses dealing with numerous currencies or operating in various localities. The WooCommerce Multiple Stripe Accounts plugin enables the use of multiple Stripe accounts on one WooCommerce store that ensures smooth, secure transactions, enhancing customer experiences.

Features:

• Supports multiple stripe accounts for varying business needs.
• Different currencies can be handled, making it suitable for global companies.
• Pay directly on your site without being redirected
• Secure and PCI-DSS compliant
• Integration and management are easy through WooCommerce.

Why Choose WooCommerce Multiple Stripe Accounts?

The WooCommerce Multiple Stripe Accounts gateway offers flexibility and scalability through enabling multiple stripe accounts so that you can easily reach a global audience. 

Monetico Payment Gateway for WooCommerce

The Monetico Payment Gateway for WooCommerce plugin allows online stores to securely accept payments through the Monetico Payment Classic Package. 

There are certain customization possibilities that allow you to change its look and feel so that it matches with your store. Since transactions are done on their secure platform hence you will not need an SSL certificate in your site.

Key Features:

• Accepts Visa, MasterCard and American Express.
• Payment pages are available in English or French.
• Processes payment in Canadian dollars.
• Guarantees data protection against online fraud.
• Customizable appearance of payment page.
• Seamless refunds are supported.
• Works with different versions of WooCommerce

Worldline Payment Gateway Integration

Worldline is an international payment processor recognized for its innovative solutions as well as extensive network. Worldline payment gateway integration for WooCommerce brings these capabilities into your online store.

Characteristics:

• A wide variety of payment methods and currencies are supported.
• Advanced security features, including tokenization and encryption.
• Real-time transaction monitoring and reporting.
• Easy to integrate with WooCommerce

Moneris Direct Payment Gateway for WooCommerce.

The Moneris Direct Payment Gateway for WooCommerce plugin allows you to secure payment processing through Canada's leading credit and debit card company, Moneris. The buyer can make transactions at checkout, without leaving your site. Therefore this WooCommerce plugin provides a continuous and steady shopping experience.

Key Features:

• Supports all major cards such as Visa, MasterCard, American Express, Discover, Diner's Club and JCB.
• Payment in Canadian and US Dollars is enabled.
• This keeps customers on your site through the checkout process
• Easy setup and management within WooCommerce settings make seamless integration possible
• Robust security enables transactions to take place safely

WooCommerce Pinch Payments Gateway

The WooCommerce Pinch Payments Gateway plugin allows business owners to accept payments with credit cards without requiring a bank merchant account via the Australian-based Pin Payments. 

Transactions can be made in different currencies while ensuring that there is a safe process through the Pin.js payment form.

Key Features:

• Can use Pin Payments without needing a bank merchant account.
• Accepts payments in every currency supported by Pin Payments;
• Uses pin.js to ensure secure transactions
• Fully compatible with WooCommerce subscriptions.
• Allows customer card details storage for re-using during future transactions.

Why Choose WooCommerce Pinch Payments Gateway?

For instance, businesses looking for simple yet secure transaction options will find Pinch payments ideal. They can be easily integrated and have dependable processing to provide a great checkout experience. You can also use WooCommerce Zoho integration. This integration will ensure that your inventory is updated after the payment is complete. 

WooCommerce eWay Rapid Gateway

The WooCommerce eWay Rapid Gateway plugin provides secure online payments on WooCommerce-based online shops through the eWAY payment gateway. 

Key Features:

• This WooCommerce plugin utilizes eWAY's rapid API for fast transaction processing and real-time payment authorizations.
• They include credit cards (Visa, MasterCard, American Express), PayPal, etc, as well as different payment methods.
• You can customize the checkout page to be consistent with your branding and store design.
• It supports tokenization for storing customers' payment data securely, even in future transactions.
• Allows refunding, order status management and other transactional functionalities within WooCommerce.

With WooCommerce Zoho integration you can automate your inventory management. For example, the product quantity gets adjusted when a payment is made or refund is processed through the eWay Rapid Gateway. 

Conclusion

To ensure that customers can pay securely and without any hitches, it is important to select the best payment gateway for your WooCommerce store. By 2024, there are several options with distinct features and benefits. By integrating one of these top WooCommerce payment gateways into your website, you will create a seamless transaction process that guarantees reliability to customers thereby increasing sales volume and satisfaction levels.