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Top 8 Best Payment Gateway in USA For Magento 2 Merchants

The online shopping trend is booming in the United States, and every online eCommerce website must incorporate the best payment gateway in USA.
According to one survey, about 7 out of 10 Americans have shopped online, and by 2021, there will be about 230.5 million American shoppers. Not just that, but mobile shoppers in the United States account for almost 60% of the total. In addition, the share of eCommerce in the USA has increased to 16.1 percent in the second quarter of 2020, up from 10.8 percent in the second quarter of 2019.

To conduct those transactions on online platforms, business owners in the United States need payment gateways that are fast, secure, and reliable. The best payment gateway in USA will facilitate you in earning the trust of your clients. It ensures the brand's credibility with your customers.

But how do you tell which ones are the best? Don't be worried. We have compiled a detailed list of the best payment gateway in USA.

Best Payment Gateway in USA #1: PayPal
PayPal was founded in 1998 and has since been one of the most commonly used payment gateways in the United States and around the world. It has a huge number of active users who send and receive payments through their payment gateway on a regular basis.

There are absolute reasons why it is one of the oldest and top payment gateway providers in the USA.

PayPal is one of the best payment gateway in the world. PayPal's business payment gateway supports over 100 currencies, making it the biggest payment gateway in the US for overseas transactions.

Besides PCI compatibility, it has express checkout, barcode scanning, bills me later, a mobile card reader, a credit card reader, and a variety of other services. Furthermore, withdrawals from PayPal are simple and fast, and merchants can withdraw funds within seconds after paying a little fee.

Pros:
The activation and integration processes are fast
Excellent security features
More than 100 currencies are supported
Provide customer service in 17 languages 24 hours a day, 7 days a week
System for fast fund withdrawals
Cons:

  • The exchange fees are exorbitant
  • Payment completion is redirected to PayPal
    Pricing – (Fees and other Charges): There are no setup or monthly payments

Inside the United States: 2.9% plus a flat rate depending on currency per sale
Outside of the United States: 4.4% plus a flat rate depending on currency per sale
For immediate fund withdrawals, the fee is 1% up to a limit of $10

Best Payment Gateway in USA #2: Authorize.net
Authorize.Net, which was established in 1996, is the next payment gateway on our list of the best in the USA. It is a common payment gateway in the USA that is suitable for small businesses. If you already have a merchant bank account, their payment gateway is the only solution that is the most affordable payment gateway in the United States.

Authorize.net accepts all major credit and debit card providers from around the world, making it one of the best payment gateways in the USA. It includes an account updater and an automated check processor, making payment collection easier and more flexible. It is also a prominent payment gateway in other countries such as the United Kingdom, Canada, Europe, and Australia, owing to an excellent platform and innovative fraud-prevention programs.

Pros:
All major credit cards are accepted
Account Updater & E-Check Processing - Advanced Fraud Protection System
Available 24 hours a day, 7 days a week
Billing on a regular basis (recurring)
Cons:

The user interface is difficult to use
Pricing – (Fees and other Charges):

For Payment Gateway solution (for merchant having a merchant bank account)

There is no setup charge, although there is a monthly fee of $25 for the gateway.
There is a charge of $10 per transaction.
The daily batch fee of $10
For an all-in-one solution (for merchant without a merchant bank account)

There is no setup fee, but there is a monthly gateway price of $25, which is 9 percent plus 30 cents per transaction.

Best Payment Gateway in USA #3: Stripe Payment Gateway
Stripe is an API-oriented cloud payment gateway provider based in the United States. It stands out as an innovative and dominant payment gateway in comparison to other top payment gateways in the United States.

Stripe's APIs give merchants complete control about which payment methods they wish to integrate. Their payment solutions are ideally suited for SMBs and startups looking to scale their operations at the future stage of their growth.

This payment gateway has world-class security and fraud prevention functionality. It accepts and processes payments in over 135 currencies. Moreover, Stripe offers both a normal version and a subscription version, so merchants can choose what works best for them.

Stripe provides services such as consolidated checkout, a personalized UI toolkit, a mobile interface, recurring payments, and 24/7 technical assistance, and others. It is also one of the most PCI-compliant payment gateways in the United States.

Pros:
There are over 135 different currencies that are accepted and processed
About 42 countries get it operational.
Multiple options can be integrated using an API-based method.
Customer service is available 24/7
Withdrawing funds in Minutes

Cons:
Dispute Resolution
Timelines are typically lengthy
Timelines are typically available
Pricing – (Fees and other Charges):

There are no setup fees.
There are no recurring or hidden fees.
For cards or digital wallets, the processing fee is 2.9 percent plus 30 percent.
For foreign cards, the purchase rate is 3.9 percent plus a fixed fee. (1 percent extra for currency exchange if necessary)
1% for instant fund withdrawal

>> Read more here: https://store.magenest.com/blog/best-payment-gateway-in-usa/

Read more here: https://store.magenest.com/blog/best-payment-gateway-in-usa/

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