Boost E-commerce Success: Top 6 Drupal Payment Modules

The Main Types Of Payment Gateways

Payment gateways are available in three main types:

On-Site Payments

On-site payment systems have become an increasingly common trend for large businesses.

Here, checkout processes and payments are handled directly on their server, saving time during checkout process and payments processing.

Now you will have more responsibility and control.Every variable matters and any improvements to your shopping experience will have an enormously positive effect on the bottom line if you operate as a retailer with substantial sales volumes.

This method provides the option of processing payments directly through your gateway while managing checkout directly on your website.Payment Gateway Redirecting Solutions offer an effective means to streamline payment processing while increasing security at the back end.

However, you will lose some control of the user experience via payment gateways; therefore it is wise to be certain they offer security before choosing this route.

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Redirects

Many redirects provide customers with alternative payment options, like when businesses accept PayPal payments; when this occurs, customers are directed back to PayPals transaction page in order to complete the purchase transaction.

Small businesses can take advantage of larger platforms security and convenience with the use of redirect gateways, offering their own customers more convenient services but forcing customers to go through another stage.

Payment Gateway Limitations

Not all payment gateways offer identical features and you should accept and acknowledge certain restrictions when choosing one; these could even be inherent within its infrastructure.

Consider the following in more detail:

Not All Gateways Accept Cards Or Payments

Payment gateway providers frequently tout their universality; however, some card issuers or processing portals remain excluded from accepting payments through them.

Before choosing a gateway for your clients, ensure they understand their specific requirements as well as any restrictions or features which might limit its usefulness.

Some International Shoppers Do Not Have The Option To Pay

Merchants looking to penetrate an international market must ensure their payment gateway can work seamlessly with various payment systems and stores - for instance in China Alipay is much more widely-used than what might be familiar among US customers.

International customers may pay higher prices. Some payment gateway providers may levy extra transaction fees when transacting globally.

Webinterpret is an integratable solution into any online store for an international checkout with localized processes, accepting payments in up to 25 different currencies at checkout time.

There Are Security Flaws

Security has never been of greater concern than it is today in an ever-more digitalized world, as evidenced by a survey which concluded that two thirds of shoppers will avoid shopping with retailers who experienced breaches in security.

Even though a payment gateway should provide security, there may still be vulnerabilities you should keep in mind.

1. Data breaches.

   TLS encryption is used by most payment gateways to protect confidential data, such as card numbers, during processing.

   However, once that data is stored on the server, it remains at risk.

2. The security of mobile payments: Although you may be able to control the transactions, it is not possible for you to control the access that your customers devices have.
3. Malware: Malware can read passwords or infiltrate user accounts to send fraudulent transactions via secure payment gateways.

How To Choose A Secure Payment Gateway

Security should always come first when selecting a gateway for payments.

Experian reports that 55% of consumers consider security to be of paramount importance when it comes to online experiences, while 49% expect businesses to take greater steps toward strengthening security online.

Which Payment Methods Do You Customers Accept?

You need to know what your clients are already doing to manage their payment.Youll have fewer security issues and problems if you use multiple payment gateways.

Does The Payment Gateway Work With Existing Technologies?

Care must be taken when selecting a gateway payment processor as choosing one with different APIs could impede and delay payments.

Choose from a selection of gateways you can customize and integrate into the platforms or services used. Your clients and you both will gain from choosing one of these gateways.

How Much Is The Charge From The Payment Gateway?

Fraudulent e-commerce can increase your costs. The lower cost of a payment portal may not justify the additional money spent on fraud detection and security.Think about the cost of your payment processor and its relationship to your security expenses.

What Is The Encryption Level Of Their Software?

You will need to use PCI compliant companies to ensure that your encryption is secure. Payment Card Industry Data Security Standard is an electronic security standard.

Double-check the PCI compliance of a gateway before you buy it. They are designed to safeguard customer information and financial data.

How Would You Rate Their Performance?

Nearly 50% of your customers expect visible security markings at checkout; you should select a reliable payment gateway as an effective solution.

Payment gateways with poor security histories should be avoided in order to prevent customers from abandoning shopping carts in favor of sites offering greater visibility.

Concentrate your efforts on payment gateways with strong brand recognition such as Apple Pay, PayPal or Amazon Pay to build customer trust and increase shopping frequency.

Focusing on payment gateways that promote brand recognition could have great returns in increasing customers confidence levels and keeping them coming back for more purchases.

Also Read: What Are The Principles Advantages Of Drupal Commerce?

What Is The Flexibility Of The Merchant Account?

Flexible payment gateways are important because of the many payment methods available and shoppers of all types.Modern consumers can benefit from the ease of switching between mobile payment options such as Apple Pay and Android to quickly purchase items.

What You Should Know About Stacking Payment Gateways

By stacking your payment gateways, you can eliminate or reduce some of these vulnerabilities.

This process involves using multiple gateways to increase the number of options available for your customers. The benefits of this practice include:

Make It Easy For The Customer

Allow customers to select when and what they would like from you.

Payment gateways with support for Visa or MasterCard payments may be ideal, but what about customers who use alternative cards, like American Express? Or who pays from separate accounts?

Additionally, credit card payment options provide increased convenience and reduce friction for customers.

Offer Everyone

Without having one can actually make life simpler.Though over 80% of American adult consumers possess credit cards, that doesnt limit where you can purchase.

Online purchases may use alternative payment options such as PayPal or Apple Pay for faster checkout.

Your responsibility as an online retailer lies in offering secure purchase options so customers are able to complete purchases safely.

Example Payment Gateways

Seven of the most popular payment gateway providers are listed below:

PayPal

PayPals high customer reviews and versatile payment options make it a popular gateway for redirect payments.

PayPal Payflow includes both a free payment gateway hosted by PayPal as well as an optional service with additional customization features and monthly charges.

PayPal provides both fraud protection services for no additional cost, giving you extra assurance that your payment gateway can handle threats effectively.

Square

Square is both a payment processor and gateway. As of Q4 2021, its gross payments volume had reached $46 billion.Square offers a solution tailored to small business owners that need to accept credit card transactions for transactions conducted in person; however, their rates increase for manual transactions.

Stripe

Stripe, a leading payment gateway, specializes in mobile commerce, SaaS payments and non-profit payments.Stripe can accommodate companies that process high volumes of transactions; Lyft utilizes this payment solution for its mobile fleet of over 700,000 drivers.

Apple Pay

Apples payment gateway solution for mobile merchants is designed for use by those utilizing Face ID or Touch ID payments, making the app suitable for accepting payments with an electronic wallet service provider.Many payment gateways, like PayPal, enable retailers to accept Apple Pay payments from over 1 billion iPhone users globally - of whom about half use Apple Pay as payment.

Amazon Pay

Amazon Payments has been a hit with many companies. With over 200 million Amazon Prime Members worldwide, it is a popular payment option.Amazon Pay also offers a number of plugins, including some that can be used with developers.

Authorize.net

Authorize.net, one of the oldest payment portals in existence, is present in over 33 countries. It serves over 400,000 clients.Authorize.net allows retailers to accept payment through many different platforms and processors.

This includes Apple Pay, PayPal, and the majority of major credit cards.

Adyen

Adyen can be used for online and in-store purchases alike, accepting multiple payment methods - including major credit cards.Adyens ability to process large volume transactions has been demonstrated through partnerships with Uber, LinkedIn and Microsoft.

Drupal Commerce, as of September 2021 (my last update), is an e-commerce system used for creating online shops with Drupal.

Drupal Commerce allows you to integrate various payment gateways for your website, although payment modules may change at any time, so be sure to visit either its official website or community forum regularly for an up-to-date list. These are among the most frequently used payment modules used with Drupal Commerce.

The module allows customers to use their PayPal account or debit/credit cards in order to make payments:

1. Commerce Stripe provides an intuitive checkout system. Commerce Stripe lets you integrate Stripe payments seamlessly into Drupal Commerce websites.
2. Commerce Authorize.Net : Commerce Authorize.Net is another widely-used payment gateway, enabling merchants to securely accept credit card payments on their website.
3. Commerce Square provides both an online payment solution as well as its traditional, in-person solutions, making it easier than ever for you to integrate Square payments into your Drupal Commerce site.
4. Braintree, a PayPal-powered payment platform, makes accepting online payments straightforward. Commerce Braintree allows for seamless integration of Braintree payment.
5. Commerce Cybersource: If you want to integrate your business with Cybersource, Commerce Cybersource could be an ideal option.
6. Adyen, an international payment provider, provides multiple payment options. Commerce Adyen allows merchants to integrate Adyen payment methods directly into Drupal Commerce.
7. Commerce Worldpay provides access to Worldpay, an increasingly popular payment gateway. By incorporating Worldpay into your online shops checkout process, this payment solution makes integrating it a seamless part of their services.
8. Commerce 2Checkout : 2Checkout, now known as Verifone, provides online payment processing. Commerce 2Checkout makes the integration of this service simpler.
9. Commerce Mollie is an innovative European payment gateway which accepts various payment methods and allows merchants to integrate them seamlessly into their Drupal Commerce websites.
10. PayU is an exceptionally popular payment gateway in Asia, Latin America and Eastern Europe, making it possible to integrate PayU directly into online stores. Commerce PayU allows merchants to integrate PayU seamlessly.
11. Klarna Commerce Klarna module offers several flexible payment methods, including pay later or installment plans, making Klarna payment integration simple in online stores.
12. Commerce Razorpay - Razorpay is an established payment gateway in India, and Commerce Razorpay allows you to incorporate it seamlessly into your Drupal Commerce store.
13. Commerce WePay makes WePay easier to integrate into any e-commerce website and accept online payments easily.
14. For businesses based in The Netherlands, iDEAL can be an attractive payment option. Commerce iDEAL allows you to easily integrate this payment method with Drupal Commerce websites.
15. Paymill provides payment processor services to online businesses. Commerce Paymill allows you to integrate Paymill payment processing directly into Drupal Commerce environments.
16. BitPay specializes in processing cryptocurrency payments. Commerce BitPay makes accepting Bitcoin and other crypto assets possible on Drupal Commerce stores.
17. Commerce Moneris, a Canadian processor of payments, is now offering Moneris payment capabilities directly within an online store.
18. Commerce Klarna Checkout - Klarna Checkout provides multiple features and payment methods, while Commerce Klarna Checkout integrates into Klarnas comprehensive checkout experience.
19. Commerce GoCardless: GoCardless specializes in direct debit payments, while Commerce GoCardless helps simplify their integration.

Trends-

Since my last update, in September 2021 I have not had access to current data. Trends can also change. But I do have some insight into possible trends and considerations when it comes to payment modules in Drupal Commerce:

1. Mobile Payments: As mobile devices become ever more widely used for shopping online, modules that facilitate seamless and secure mobile payments will become ever more in demand. Pay attention to payment gateways which support one-click payments as well as mobile wallets when considering these modules for purchase.
2. Alternative Payment Methods. As alternative payments such as digital wallets, buy-now pay-later options and cryptocurrency payments become increasingly prevalent, modules that seamlessly incorporate these methods may appeal to more customers.
3. Security and Compliance - Payment security remains of utmost importance; adhering to regulations such as PCI DSS is still of vital importance and modules which prioritize data protection while meeting industry standards will find immense favor among merchants.
4. Payment modules that support regional currencies and payment methods will make expanding internationally easier. Look for gateways with global reach.
5. Payment Options and Subscription-Based Products. Businesses offering subscription services or products would benefit greatly from payment modules that enable timely payments to take place.
6. At checkout, ensuring an efficient user-friendly process is of utmost importance. Inline payment modules or embedded forms may help decrease cart abandonment rates.
7. Customization and Integration: Businesses with specific requirements can leverage API integration for maximum flexibility.
8. Payroll modules with detailed analytics are useful tools that enable businesses to optimize sales performance and make better decisions.
9. Payment Gateways with Ecosystems - Payment gateways which feature partnership services such as order management or fraud prevention tools can provide a complete solution.
10. Developers and store owners prefer modules which are easy to configure, install and manage.

For The Best Payment Module For Drupal Commerce And To Identify Current Trends:

1. Drupal Community Forums - Take part in Drupal Commerce communities or forums and gain advice and insights from others.
2. Search the Drupal Module Repository: Take a tour through Drupal.orgs module repository, searching for new payment modules as well as reading reviews by other users.
3. Search For Updates. Review any relevant release notes, updates or compatibility requirements related to modules you are considering purchasing.
4. Consulting Industry News: Keep abreast of e-commerce and payment trends by reading blogs and industry updates, or gain knowledge on new technologies or popular payment options through industry news updates and blogs.
5. Engaging Payment Service Providers: Get in contact directly with payment service providers to inquire about their offerings as well as whether any specific modules or Drupal Commerce integrations exist for them.

Keep in mind that technology trends can shift quickly. To stay informed, explore current resources. Also engage with the Drupal Commerce Community.

Pros:

1. Drupal Community Forums - Take part in Drupal Commerce communities or forums and gain advice and insights from others.
2. Search the Drupal Module Repository: Take a tour through Drupal.orgs module repository, searching for new payment modules as well as reading reviews by other users.
3. Search For Updates. Review any relevant release notes, updates or compatibility requirements related to modules you are considering purchasing.
4. Consulting Industry News: Keep abreast of e-commerce and payment trends by reading blogs and industry updates, or gain knowledge on new technologies or popular payment options through industry news updates and blogs.
5. Engaging Payment Service Providers: Get in contact directly with payment service providers to inquire about their offerings as well as whether any specific modules or Drupal Commerce integrations exist for them.

Cons:

1. Updating and Compatibility: Regular updates and compatibility checks are crucial in keeping your Drupal Commerce version functioning effectively.
2. Configuration Complexity: Setting and API key configuration can be complex and require technical expertise for successful completion.
3. Payment Modules Rely on Third-Party Services: When using payment modules, your business depends upon third-party services to process transactions and maintain operations. Any issues or downtime with these gateways could potentially have serious ramifications on operations and lead to lost sales opportunities for you and/or customers.
4. Payment Gateways Charge Transaction Fees. Ultimately, this can alter your margins significantly.
5. Trust of Customers: Selecting payment modules carefully can have an enormous effect on how customers perceive security. In order to establish and sustain it, only use modules which have strong support from reliable providers and have strong track records of success.
6. Customization and Branding Restrictions: Certain payment modules may have restrictions in regard to customizing or branding that could impede the checkout process.
7. Support and Documentation. Depending on the payment module chosen, support levels can differ considerably; lack of documentation or inadequate support could create setup and troubleshooting issues that interfere with performance.
8. User satisfaction may be negatively impacted if payment processes do not go smoothly.

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Conclusion-

Noticing the price, functionality and security features of gateways will enable you to make an informed decision for your company while offering peace of mind to customers making online purchases from you.

Why settle for less when selecting the appropriate option?

Choose from 65 pre-integrated online payment solutions serving over 140 currencies across 230 different countries - our industry-leading payment solutions give your business the competitive edge.

References

1. 🔗 Google scholar
2. 🔗 Wikipedia
3. 🔗 NyTimes