When setting up an e-commerce store on Magento 2, it is essential to configure payment methods to ensure that your customers can pay for their orders conveniently and securely. This guide will outline the steps required to enable, configure, and manage payment methods in Magento 2.
Table of Contents
Enabling Payment Methods
Magento 2 comes with several default payment methods such as PayPal, Credit Card, Bank transfer, and Cash on Delivery. To enable a payment method, you need to navigate to the Payment Methods section in the backend of your website.
- Login to your Magento 2 admin panel
- From the left-hand menu, go to Stores > Configuration
- Under the Sales section, select Payment Methods
- Enable the payment method(s) you want to use for your store
Configuring Payment Methods
Once you have enabled your preferred payment methods, you need to configure the settings for each option to ensure they are set up correctly.
PayPal
PayPal is one of the most popular payment gateways worldwide and is a standard payment method in Magento 2. Here are the steps to configure PayPal in Magento 2:
- Go to the PayPal section from the Payment Methods page
- Enable PayPal as the payment method
- Enter your PayPal Email Address
- Choose the Payment Action you want to use – PayPal Standard supports the following: Authorization, Sale, and Order
- Select the PayPal Mode you want to use: Test or Live
- Complete any additional settings you want to use, such as Product Pages, Payment Mark, and Billing Agreements
Credit Card
Credit cards are a popular payment method for online stores, but you need to set up a Payment Gateway to accept credit card payments. There are several options to choose from, including Braintree, Authorize.net, and Stripe.
To configure a credit card payment gateway in Magento 2:
- Go to the Credit Card section from the Payment Methods page
- Choose the Payment Gateway you want to use for credit card payments
- Complete any additional configuration required for the chosen Payment Gateway
- Save your settings
Bank Transfer
Bank Transfer is a simple payment method that doesn’t require a payment gateway. Customers can transfer funds directly from their bank account to your business account. Here’s how to set it up:
- Go to the Bank Transfer section in the Payment Methods page
- Enable Bank Transfer payments
- Enter the payment instructions you want to display to customers
- Save your settings
Cash on Delivery
Cash on Delivery (COD) is another easy payment method which doesn’t require any external payment gateway integrations. Customers can pay for their purchases on delivery of their products. Here’s how to configure it in Magento 2:
- Go to the Cash On Delivery section on the Payment Methods page
- Enable cash on delivery
- Add any additional instructions for the payment method
- Save your settings
Managing Payment Methods
After configuring your payment methods, it’s essential to monitor and manage them. You may need to disable or enable payment methods, update settings, or adjust fee settings. Here’s how to manage payment methods in Magento 2:
- From your Magento 2 admin panel, go to the Stores > Configuration
- Under Sales, select Payment Methods
- Manage the settings of each payment method as required
- Save your changes
Conclusion
Configuring payment methods is an essential part of the setup process for any e-commerce store in Magento 2. By following the outlined steps above, you can enable, configure, and manage your preferred payment options and offer your customers a convenient and secure payment process while boosting your business’s revenue and sales.