Set Up Magento 2 Payment Method

• Configure Magento 2 Payment Methods

• EndNote

Configure Magento 2 Payment Methods

1. Check/Money Order

You can receive payments by check or money order on Magento. The method is enabled for the store by default.

For better security, you can accept checks and money orders from specific countries. It also lets you configure minimum and maximum order total limits.

Configure Check/Money Order payment in Magento 2

• On the Admin sidebar, navigate to Stores > Settings > Configuration.

• In the left panel, expand Sales and select Payment Methods.

• Under Other Payment Methods, expand the Check / Money Order section.

• Enable Check/Money Order payment. Set the Enabled option to Yes.

• Add the Title of the payment method that is displayed on checkout.

• Set the New Order Status for orders submitted using this. It lets you approve the orders or assign any other order status. You can also use the Processing or Suspected Fraud status for new orders with this payment method.

• Set the Payment from Applicable Countries to one of the options below-
  

  1. All Allowed Countries
  2. Specific Countries - select specific countries that can use this payment method.

• In the Make Check Payable To field add the party to whom the check is paid to.

• Add the required PO Box or street address in the Send Check To option.

• Set the Minimum Order Total and Maximum Order Total so that the order amount qualifies for this payment method.

• In the Sort Order field, set the position of the Check/Money Order payment in the list of payment methods. It is relative to other methods (0 = first, 1 = second, 2 = third, and so on.)

This is how the payment method is displayed on the storefront -

2. Bank Transfer Payment

Bank Transfer is where the payment is transferred from the payer’s bank account and deposited in the merchant’s account. You can enable the method for specific countries.

Configure Bank Transfer Payment in Magento 2

• Navigate to to Stores > Settings > Configuration.

• In the left panel, expand Sales and click on Payment Methods.

• In the Other Payment Methods section, expand the Bank Transfer Payment option.

• Enable this payment method by selecting Yes.

• Set the Title for it to be displayed on the checkout page.

• Select the New Order Status to Pending until payment is authorized. It is displayed in the admin order grid before you confirm the order.
  You can choose whether the Payment is available to Applicable Countries or All Allowed Countries.

• If you chose to apply this payment method for Specific Countries, select them in the Payment from Specific Countries field.

• In the Instructions field, add the information your customers have to add for the bank transfer. The required instructions depend on a specific country, but it might include:

  1. Bank account name
  2. Bank account number
  3. Bank routing code
  4. Bank name
  5. Bank address

• Set the Minimum Order Total and Maximum Order Total amounts to make orders applicable for the payment method.

• Configure the Sort Order to define the position of the Bank Transfer payment method in the list of payment methods on Magento checkout.

On the storefront, the payment method will look like this -

3. Zero Subtotal Checkout

The Zero Subtotal Checkout method can be used for orders with a subtotal of zero. It may be useful in the following situations:

• A discount covers the entire price of the purchase, with no extra shipping charge.

• The price of a simple product is zero, and the free shipping method is available.

• The customer adds a downloadable or virtual product to the shopping cart. The price of the virtual product equals zero.

• A coupon code covers the full price of the items and shipping.

Set Up Zero Subtotal Checkout payment in Magento 2

• Navigate to Stores > Settings > Configuration.

• In the left panel, expand Sales and select Payment Methods.

• In the Other Payment Methods section, expand the Zero Subtotal Checkout.

• Enable Zero Subtotal Checkout payment method by selecting Yes.

• Add a suitable Title to identify the Zero Subtotal method during checkout.

• Choose the New Order Status and which countries the payment will be available for in the Payment from Applicable Countries field.
• Add a Sort Order number to set the position of the method displayed during checkout.
• When complete, click Save Config.

The checkout page will display a "No Payment Information Required" for this payment option-

4. Purchase Order

The Purchase Order method is usually for commercial customers that place wholesale orders. The purchase order is issued in advance by the company making the purchase.

At checkout, the customer selects Purchase Order and pays for the order in their payment systems after receiving the invoice. It is essential to establish the credit worthiness of the commercial customer.

Configure Purchase Order payment in Magento

• Under the Other Payment Methods section, expand the Purchase Order.

• Select Yes to Enable the Purchase Order payment.

• Set the Title to display on the storefront during checkout.

• Select the New Order Status to confirm it before processing the order delivery.

• Decide whether to make Purchase Order payment available for the specific or all countries. You can do it in the Payment from Applicable Countries field.

• Set Minimum Order Total and Maximum Order Total for Purchase Order payment.
• Add the Sort Order to set the position of the Purchase Order list of the payment methods.

Note: During checkout, the customers have to add the Purchase Order number.

5. Other Magento 2 Payment Methods

Magento 2 offers additional payment methods which are not in the default settings. The popular online payments include PayPal Express Checkout and Braintree.

Along with these options, you can set up payment gateways such as Amazon Pay, Klarna, etc from the Magento Marketplace.

EndNote

Integrating payment methods correctly allow for a smooth transaction and improves conversions. The tutorial has covered the steps to configure the default payment methods such as Magento 2 amazon pay.

Get more insights on the Magento platform on MGT Commerce Tutorials.