Fintech & Payment Trends

The 7 Best International Magento Payment Gateway Plugins

Discover which of the top international Magento payment plugins is right for your business.

Merchants looking to present a professional online presence have a wide range of ecommerce platforms to choose from, one of the best of which is Magento. As a popular ecommerce platform with a great variety of extensions, it’s a common choice for merchants looking for robust ecommerce features to strengthen their global reach. To get the most from Magento for cross-border commerce, it’s important to combine it with the right international Magento payment gateway plugin or extension.

A global payment gateway should provide the right payment methods for customers in every market where you do business and localize the options shown based on the customer’s location. Get the right solution and you’ll be giving your customers even more reasons to come back for more. Here’s an overview of the top seven International Magento and Magento 2 payment gateway extensions.

Rapyd Reviews: The 7 Best International Magento Payment Plugins

The following are some of the best global payment plugins to optimize Magento checkout for cross-border sales, starting with Rapyd’s all-in-one solution.

Rapyd Payment Plugin

Instead of dealing with multiple payment gateway integrations, Rapyd lets you add hundreds of payment methods with a single integration and automatically offers customers their preferred local payment options at checkout. Everything about the Rapyd solution is designed with an emphasis on helping merchants widen their customer base and scale globally as quickly and easily as possible. 

Pros:

  • The most comprehensive Magento payment plugin, offering the most localized payment options
  • Built-in fraud monitoring that works across all payment methods, not just cards
  • Fully certified PCI-DSS solution with payment solutions for countries around the globe.

Cons:

  • Requires some coding knowledge to set up.
  • Does not include PayPal, but can be set up along with a PayPal integration

See Rapyd for Magento Pricing Here, or try the Rapyd Payment Plugin for Magento for Free

PayPal Payment Plugin

A recognizable ewallet with global recognition, PayPal offers a secure international Magento payment gateway plugin that customers can use to make payments with either their PayPal account or credit card (even if they don’t have an account).

Pros:

  • Supports multiple currencies
  • Offers PayPal credit
  • Widely used
  • Advanced encryption for fraud prevention

Cons:

  • May need to leave the merchant’s website to complete the transaction
  • Only accepting PayPal means merchants are limiting themselves in countries where other digital wallets (AliPay, GrabPay etc.) are more popular

Pricing: 2.9 percent + 0.30 USD per successful transaction.

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Braintree Payment Plugin

Braintree is owned by PayPal. However, Braintree accepts payment methods that PayPal does not, such as Apple Pay, Android Pay and ACH transfer. 

Pros:

  • No set-up costs
  • Accepts payments in over 140 currencies
  • Offers a variety of payment methods

Cons

  • Refunds aren’t given for partial customer refunds
  • It’s available for merchants in a limited number of countries

Pricing: 2.9 percent + 0.30 USD per successful transaction.

Stripe Payment Plugin

Stripe offers a robust payment gateway solution built with developers in mind. Their API integrations allow developers to add a variety of payment methods, including cards and alternative payment methods, to any application.

Pros:

  • Accepts many popular payment methods including major credit cards Android Pay, Apple Pay and Alipay
  • Accepts payments in over 135 currencies
  • Real-time reporting

Cons: 

Pricing: 2.9 percent + 0.30 USD per successful transaction. 

 

Authorize.net Payment Plugin

One of the default options in Magento, along with PayPal, Authorize.net offers a few different payment methods, including credit cards, Apple Pay and Visa Checkout. 

Pros:

  • Free advanced fraud detection suite
  • Card details can be saved for future purchases
  • Free mobile app (though reviews of the app suggest it would benefit from further development)
  • 24/7 customer support

Cons: 

  • Businesses must be located in certain regions (the US, Canada, Australia, or Europe) to use it as a payment gateway
  • Merchants are charged a monthly fee on top of transaction fees
  • Doesn’t natively support subscription payments

Pricing: 2.9 percent + 0.30 USD per successful transaction, plus a monthly fee of $25.

 

Amazon Pay – Payment Plugin

Amazon’s solution lets customers pay using the details set up on their Amazon accounts, they log in to the Amazon platform and make payments that way. 

Pros:

  • Customers aren’t redirected from the merchant’s website to pay
  • Benefits to the merchant include a marketing guide, logos and payment marks
  • Convenient for Amazon Prime members

Cons: 

  • Only Amazon customers can use it
  • Not very popular in countries where Amazon doesn’t have a strong presence

Pricing: It varies, depending on where your business is based, but starts at 2.9 percent + 0.30 USD per successful transaction.

 

2Checkout – Payment Plugin

Acquired by Verifone in 2020, 2Checkout is a popular choice as a Magento payment gateway thanks to its localization options.

Pros:

  • Good security features including more than 300 fraud rules
  • Merchants that process over $50,000 a month get a high volume discount
  • Available in almost 200 countries
  • Supports over 30 languages

Cons:

  • High processing fees
  • Most expensive option in terms of transaction fees

Pricing: Starts at 3.5 percent + 0.25 USD per successful transaction.

 

Reach Billions Worldwide with a Better Magento Payments Plugin

Choosing the best payment solution for Magento can make a huge difference to your sales and cart conversions. Merchants looking to grow their global business should be aiming for less cart abandonment and more repeat sales, and the right Magento / Magento 2 payment extension can achieve both of those things.

No matter what the needs of your business are, you should be looking for a solution that lets you scale on a global level and provides the most seamless checkout experience for your customers across the world.

Start Accepting More International Payments - Grow Ecommerce Sales

We made the fastest way to add payments even faster with prebuilt plugins and extensions. Discover Rapyd’s global payment plugins for Magento and see why we’re the best Magento Payment Plugin for international commerce.

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Mark Stiltner

Mark Stiltner is a finance and fintech writer. From educating independent investment advisors on retirement plan management to helping families maximize their savings to educating businesses on global payment preferences, Mark has spent over a decade researching and educating audiences on complex financial topics. Mark has been a contributing author on blog articles and educational content for the Bank of Colorado, Pinnacle Bank, TD Ameritrade, First Data and Rapyd.

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