Having trouble finding the best WooCommerce payment gateway for your business? Struggling to set up a WooCommerce gateway on your WordPress site?
Finding the right payment gateway for your Woocommerce site can be difficult, but it’s critical to the success of your business. There are many factors to consider when choosing a payment gateway such as customer location, security and many other factors.
Also, how do you actually set up your payment gateway once you find the right one?
In this article, we’ll answer all of these questions and more. We’ll help you choose the payment gateway that works for your business and how to set it up on your WooCommerce store.
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How to choose a WooCoommerce gateway
Before discussing how to choose a payment gateway, let’s first look at what a WooCommerce payment gateway is.
A payment gateway is a payment system that allows customers to pay for goods and services using a payment system. You will need to have an account with payment gateway company called merchant account to start receiving payments on your store.
A payment gateway for WooCommerce is a WordPress plugin that connects your store to a payment gateway.
When deciding which payment gateway to use for your site, there are a number of factors you will want to take into consideration. What your business does, how it operates, and your plans for the business going forward also need to be considered.
Here are the main factors to consider when choosing a payment gateway.
1. Transaction fees
Many WooCommerce gateways charge a fee for every transaction that happens in your store. These fees are based on a number of factors such as the payment used, the location of the business and the payment gateway itself.
Choosing a low transaction fee can make a big difference to your bottom line. However, some payment gateways with high transaction fees may offer more features that benefit your customers.
2. Security
In the digital world, security is always a concern. The security of your customer data should be the number one priority for your payment gateway. You want to make sure that the payment gateway you choose uses modern digital security practices. You can always email the payment gateway asking about the security practices they use and search the internet for any security breaches they have had in the past.
3. Location
Some payment processors will not work in some countries. You need to make sure that not only the payment processor works in your country, but also in your customers’ countries.
4. Subscriptions
Depending on your business model, you may need a way to process recurring subscriptions. Not all payment processors can handle subscription-based payments, so be sure to choose one that does if your business offers subscriptions.
Not that we know what to look for in a payment gateway, let’s take a look at how to set up a popular payment gateway.
How to set up a WooCommerce gateway
Once you’ve chosen the ideal payment gateway for your WooCommerce store, it’s time to set it up.
For this tutorial, we will be setting up the Stripe payment gateway.
Stripe is one of the most popular payment gateways available. It supports all major debit and credit cards, is secure, and is available in over forty-five countries.
Step 1. Install WooCommerce
First, you’ll need to install and activate WooCommerce. On your WordPress dashboard, go to Plugins > Add New and type WooCommerce in the search bar. Then install and activate the plugin.
Next, click on WooCommerce in the sidebar of your WordPress dashboard. The WooCommerce Setup Wizard will appear on your screen. Make sure you answer all questions during installation.
When the questions are answered, your WooCommerce shop is set up!
Step 2. Install an SSL certificate
An SSL certificate is a digital certificate that authenticates a website’s identity and enables an encrypted connection.
You will need to install an SSL certificate to secure online transactions and keep customer information private.
The easiest way to set up an SSL on your WordPress site is to install a plugin. Come back to Plugins > Add New on your WordPress dashboard and type Really simple SSL. Install the Really Simple SSL plugin and activate it.
That’s all! The plugin will then automatically configure your website to use SSL to its full potential.
Step 3. Create a Stripe account
Next, you’ll need to create an account with payment processor Stripe. Go to the Stripe website and complete all required signup steps.
Step 4. Configure Stripe in WooCommerce
We are now ready to set up Stripe in your WooCommerce store.
Go to Plugins > Add New and install the WooCommerce striped payment gateway connect.
Once the plugin is installed, you will need to configure the plugin.
Go to WooCommerce > Settings and click on Payments form.
A list of all payment types that can be accepted will be displayed. Click the tab next to the payment you want to accept in your shop.
After that, click on Setting up button for the payment you want to accept. This will bring up a title and description section. The title and description will be displayed to your customers on your website.
To complete setup, you’ll need to connect your Stripe account. You can do this by clicking the button Set up or connect an existing Stripe account button.
You will need your Stripe account publishable key and secret key to connect your account. You can find these keys in your Stripe account.
If you want to enable a test run of the Strip payment processor, you can use the test mode secret key and the test mode publishable key. Test mode will allow you to authenticate payment requests on your server without using real payment methods.
We recommend using test keys first to make sure everything is working properly. After testing WooCommerce Stripe connection with test keys, you can add secret and publishable keys in live mode.
There are a few other design options for payment buttons that will appear on your website that you can change when you connect your Stripe account. Change these settings if you wish.
Then click on Save your changes bottom button.
That’s all! You are ready to accept payments on your website. If you go to your store’s checkout page, you’ll see the payment methods you’ve added from Stripe.
Check out the best WooCommerce plugins
WooCommerce plugins can help you transform your online store into a competitive and modern one. Check out the articles below for WordPress plugin ideas that can work for your website.
Set Up a WooCommerce Payment Gateway Now!
WordPress makes it easy for you to set up a payment gateway for your WooCoomerce store. There are many payment gateways to choose from for your business.
By understanding your business needs and the characteristics of each payment gateway, you can find the optimal payment gateway for you and your customers.
Once you’ve chosen your payment gateway, you can set it up by following the steps above. In no time, you can have a payment gateway ready to accept payments from your customers on your website.
