Statista’s global survey report shows that 17% of worldwide online shoppers abandon their carts due to the lack of preferred payment modes. And Magento, by default, supports only a few payment modes with faulty checkouts.
If you search for Magento checkout issues, you may find many blank checkout pages after long wait times, processing issues, cancelled payments, high extra costs, and more. This is where the need for a hassle-free Magento payment plugin supporting several payment options crops up.
So, to help you reduce your cart abandonment, we have curated a list of the top payment plugins for Magento.
Stick till the end to find your best fit!
Content Index
- How did We Evaluate the Magento Payment Plugins?
- Top 5 Payment Plugins for Magento Stores in India
- How to Integrate a Magento Payment Plugin into Your Online Store?
- Conclusion
- FAQs
How did We Evaluate the Magento Payment Plugins?
The payment gateway you choose must make shopping more accessible and convenient for customers. We considered the following parameters to curate this list of the top five Magento payment plugins.
- Support for local payment methods: Look for payment gateways that offer specific payment methods for Indian eCommerce stores, such as UPI, net banking, wallets (Google Pay, PhonePe), and debit/credit cards (including RuPay)
- Single-click checkouts: Choose payment gateways that ensure checkouts within seconds to deliver the best customer experience
- Affordable platform fee: Choose platforms with low transaction fees (1-2%) and no hidden charges. Also, check if the payment plugin has extra setup charges
- Security and compliance: Look for payment gateways compliant with RBI guidelines and PCI DSS. Make sure it offers security features like tokenisation support, two-factor authentication, and fraud detection capabilities
- Easy setup and integration: Choose a platform that sets up quickly with little to no technical knowledge. Plus, look for ready-to-use Magento templates to save you time and effort
- Mobile-friendly checkout: With growing mobile commerce, make sure to choose a payment gateway that offers mobile-responsive checkout
- Real-time analytics dashboard: Look for platforms that offer a powerful dashboard to track transaction details, settlements, refunds, preferred payment modes, and customer details
- Automatic payment reconciliation: Choose payment gateways that automatically match transactions with bank settlements, track payment status, and maintain accurate financial records with minimum manual work
- Local customer support: Make sure the service you choose offers 24/7 customer support in local languages and ensure quick issue resolution
Top 5 Payment Plugins for Magento Stores in India
Here’s a quick sneak peek into the top five Magento payment plugins:
- Nimbbl
- Razorpay
- Cashfree
- PayU
- CC Avenue
Let’s learn more about each Magento plugin in detail:
Nimbbl
Nimbbl is a payment gateway with a native Magento plugin that allows Indian eCommerce stores to accept payments online. It is one of Magento’s easiest-to-use, no-code payment plugins to boost your conversion rates by 25%.
With Nimbbl’s Magento extension, you can access a fast checkout that allows customers to complete payments in seconds. Plus, a Magik UPI for a frictionless UPI payment, preventing the 20-25% drop-offs caused by UPI ID-related issues.
With a single integration, Nimbbl’s payment gateway lets you access the top gateway aggregators, including Paytm, Razorpay, Freecharge, etc. It also detects technical issues early to direct customers to the hassle-free payment route for faster checkouts.
Features
- Magik UPI for frictionless UPI payments with reduced ID-related drops
- Smart payment router to detect and prevent technical issues during checkout
- Generate payment links via APIs and auto-share via email, SMS, WhatsApp, Messenger, and other social channels
- Use payment pages with custom brand URLs and share them on any channel to receive domestic and international payments
- Leverage one-click checkout to deliver a seamless customer experience
- Get insightful transaction reports to track finances
Pros
- Fast, secure transactions, ensuring compliance with industry standards and security regulations
- A straightforward setup to access multi-payment gateway integration
- Express checkout to prevent last-minute drop-offs
- Easy implementation to go live and start accepting payments in minutes
- Responsive customer support
Cons
- Limited customisation options
- Basic reporting tools to track transactions
Fee
Custom pricing
Razorpay
Razorpay is one of the most popular Magento payment gateways. It helps Indian eCommerce stores manage payments from a unified dashboard. You can easily integrate Razorpay with Magento and quickly and securely accept payments in 100+ payment modes, including debit/credit cards, UPI, online wallets, etc.
Features
- Dashboard to track payments, refunds, and settlements in real time
- Generate payment links
- Payment buttons to collect one-time and subscription payments
Pros
- Extensive set of payment methods
- Easy to implement and use
- Supports almost all Indian banks
Cons
- Poor customer support
- Time-consuming onboarding process
- High per-transaction charges
Fee
A 2% platform fee is applicable on all transactions.
Cashfree
Cashfree Payments is an eCommerce payment system that optimises your Magento store checkout experience. It is a mobile-first platform that supports 180+ payment modes and quick payment settlements.
Features
- Payment gateway with 120+ payment options, including 65+ net banking options
- Custom payment forms for instant payments
- Virtual account and automatic reconciliation
Pros
- Quick and hassle-free setup
- 2-day wallet transfers
- Easy to process payouts
Cons
- High extra fee for specific payment methods
- Below-average customer support team
Fee
Cashfree’s platform fee starts at 1.95% for payment modes. It has a separate pricing for specific payment methods:
- UPI on credit cards: 2.15%
- Credit card EMI: 1.95% + 0.25%
- Debit card EMI: 1.50%
- Cardless EMI: 1.90%
- Pay Later: 2.20%
- Virtual bank accounts: ₹5 with an extra ₹10 for IMPS/NEFT/RTGS payment reconciliation
- International cards: 2.99%
- Custom pricing for enterprises
PayU
PayU is a Magento payment plugin that offers customers a seamless checkout experience with 150+ payment methods. It is an easy-to-integrate platform via APIs and SDKs with complete online onboarding.
Features
- Native OTP for card payments
- Payment collection automation
- Subscription plan optimisation
Pros
- Easy to integrate with eCommerce platforms
- Real-time reporting and analysis
- Multilingual support
Cons
- Settlement and refund issues
- Limited scalability; more issues with increasing transaction volumes
Fee
- 2% fee for Visa, Mastercard, Net Banking, BNPL, Wallets (domestic transactions only)
- 3% fee for Diners, American Express, EMI, and international transactions
- Custom plans for large enterprises
CCAvenue
CCAvenue is a payment solution that helps users accept payments through multiple channels. It is one of the payment extensions for Magento that offers 200+ payment options to simplify business collections and payments.
Features
- Multiple currency processing, supporting 27 foreign currencies
- Multilingual checkout page, offering 18 Indian and international languages
- Look-n-Feel editor to customise and preview payment pages
Pros
- Wide set of payment options
- Personalised transaction controls
- Easy integration
Cons
- Unresponsive customer service
- Frequent delayed and cancelled transfers
- Stuck payments with no issue resolution
Fee
- Startup Pro: A 2% platform fee is applicable on all transactions. Plus, 3% for domestic corporate/commercial credit cards, 4.99% for international Master and Visa cards, 4% for American Express / Amex EMI & Diners Club, and 4.99% for multi-currency options
- Privilege: Custom pricing plus ₹30000 for set up
How to Integrate a Magento Payment Plugin into Your Online Store?
Once you choose the payment plugin for Magento, follow these steps to integrate it with your online store:
Step 1: Sign up and install the payment gateway Magento extension
Register with your chosen payment plugin and collect the API credentials to connect your Magento store with the payment gateway.
Note that installing the plugin might involve enabling and deploying codes.
Step 2: Enable the Magento maintenance mode
Prevent disruptions during the integration process by enabling the maintenance mode on your Magento website.
Step 3: Configure your store
This step involves setting up your store to connect it with the chosen payment gateway. Here’s how you can configure your store using Nimbbl:
- Log into your Magento store
- Navigate to Stores > Configuration from the left panel
- Choose Sales > Payment methods on the configuration page
- Go to ‘Nimbbl’ on the payment page to enable Nimbbl payment methods
- Generate test key_id and key_secret from the Nimbbl dashboard and add them to the required fields
- Select ‘Yes’ for the ‘Enabled’ option
- Click on ‘Save Config’ to save your configuration
Note: The test keys activate your account in the test mode to try out payment methods.
Step 4: Test transactions
Perform a few transactions to test if the integration is working as expected. Remember to test failed transactions and refunds as well.
Step 5: Go Live
After testing your Magento store’s payment system, go live when ready to accept customer payments.
With Nimbbl, you only need to get your live key_id and key_secret from the dashboard and enter them in your Magento store to go live immediately.
👉Check out the detailed Nimbbl-Magento integration process to learn more.
Conclusion
So much effort goes into setting up your Magento store. Now, you must ensure that you deliver an out-of-the-world customer service. And that can be done with a seamless payment experience.
While all the Magento payment plugins on our list are good, choose the perfect one for your organisation. Try each plugin to see which works best to drive conversions, prevent drop-offs, and reduce abandonment rates.
Our suggestion would be to start with Nimbbl.
FAQs
Which payment gateway is best for Magento?
Nimbbl is one of the top payment plugins for Magento and is best known for its quick checkout, no-code setup, and secure payments. It is a trusted platform for Magento store owners. It offers customised payment pages, quick and easy-to-share payment links, an intelligent gateway to prevent technical issues during checkouts, and UPI features for higher payment success rates.
How do I add a payment method in Magento?
Follow these steps to add a payment method in Magento:
- Log in to Magento
- Navigate to Stores > Configuration
- Go to the payment methods section
- Select the payment method you want
- Click ‘yes’ on the Enables drop-down
- Save changes
What is the default payment method in Magento?
The default payment methods in Magento are:
- Check/Money Order
- Bank transfer payment
- Payment on account
- Cash on delivery payment
- Zero subtotal checkout
