Incidentally, PayPal also owns Braintree, but there are differences in the two gateways, so it is worth evaluating each of them, or you might choose to set them both up as Magento payment gateways.
Braintree and Authorize.Net are available in fewer countries and support fewer currencies than PayPal. Though these payment gateways offer more limited packs of features and services, they guarantee seamless and secure transactions, yet at a lower cost.
Along with Braintree, PayPal, and Authorize.Net, the following payment gateways can integrate well with Magento, and are all associated with high performance, robust security, and positive consumer sentiment—hence their high rates of adoption among ecommerce businesses:
- Netpay
- Stripe
- Amazon Payments
- 2Checkout
- Sage Pay
- Google Checkout
The out-of-the-box Magento supports transactions via PayPal, Braintree, and Authorize.Net. However, merchants using default features are limited in configuring relevant Magento payment methods.
To integrate additional payment gateways into your Magento store, you need to download appropriate extensions from the Magento Marketplace or turn to ecommerce developers. Though there are free extensions, those with advanced security features come with a price tag.
Even when running a high-quality extension, mind the necessary precautions to avoid Magento compatibility issues. No matter how well-coded an extension is, a fragile Magento environment can still fail to accept it without additional configurations.