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?
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
Top 5 Magento Payment Plugins
Let's learn more about each Magento plugin in detail:
Nimbbl
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.
Nimbbl fast checkout
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
Rzorpay Magento plugin
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 Magento plugin
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 Magento plugin
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 Magento plugin
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
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
Add Nimbbl details
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.
Copy the URL
👉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
