If you are setting out to create a WooCommerce online store, one of the first things you need to decide is how to collect payment for your products. If you want to process credit card transactions, then you need a payment gateway. A payment gateway is a service provider that can process credit card payments on your behalf. The payment gateway collects payment information and processes the transaction with the banks involved. There are hundreds of options to choose from and choosing which is best for you can be overwhelming. To help decide which is best, I have outlined several key questions that I believe you should consider.
Questions to help you choose the best payment gateway:
After considering the above criteria, there are two payment gateways that we feel stand above the rest, Braintree Payments and Stripe. I recommend Braintree over Stripe, but they are both clear winners.
Braintree is a PayPal company and is a world-leading payment gateway option. Their account registration is not quite as smooth Stripe and requires manual approval and credit checks. They have been aggressively improving their WooCommerce plugin, making it all the more appealing to the everyday online shop owner. Another key that makes them a great option is their advanced fraud tools which are easy to add with their plugin. Plus the integration with PayPal payments is very nice and user-friendly.
Braintree WooCommerce Extension:
Stripe, like Braintree, is one of the world-leading payment gateway options. They have a smooth account registration, low fees, and best of all, a great free plugin extension. The plugin extension is managed by WooCommerce and has become very reliable over the last couple of years.