How Many Types Of Payment Method In Magento 2?
Overall, there are two types of payment methods in Magento 2: Online and Offline payments. However, the Offline payment methods include Check/ Money Order and Cash On Delivery (COD). Meanwhile, the Online payment methods consist of Bank Transfer, PayPal, and other credit card payments through payment gateways. In this Magento tutorial, we will show you how to configure Offline payment methods first and leave the online ones for the next lesson.
How To Configure Check/ Money Order Payment Method In Magento 2?
For those who don’t understand thoroughly what check and money order are, we will summarize their basic definition as follows:
What is Check payment?
Check is a document used to write against your own checking account. The stores receiving the check then will be able to take it to a bank to cash it, or the check can be deposited into their checking account. The amount of money the check was written out will stay in the account until the store receives the document cash/ deposits it. Nowadays, using check payment is more and more popular.
What is a Money Order payment?
The money order is a prepaid financial instrument that is used when personal checks and cash are not accepted. An individual can purchase a money order at their personal bank, post, etc. Since these financial instruments are prepaid, the funds are always guaranteed.
- Step 1: Go to admin panel, navigate to STORES and click on Configuration (under Settings)
(Admin panel => STORES => Configuration)
- Step 2: Expand SALES and choose Payment Methods in the dropdown
In the left menu, you must expand the SALES section and click on the Payment Methods field.
- Step 3: Set up check and money order payment
First, expand the Check/ Money section to start the configuration.
Second, you must enable this type of payment.
Third, set a title for this payment method which will appear in checkout.
Fourth, choose countries in which these payment methods are allowed. You can select specific countries or all.
Fifth, enter the name of the party to whom the check is payable.
Sixth, add a specific address or post office box where the check is mailed.
Seventh, set min and max order total required to process these payment methods.
Finally, set the display priority for these payment methods on the checkout page. (E.g.: if you set the sort order to 0, the Check/Money Order payment method will appear in the first place)
Click on Save Config to complete all settings.
How To Configure Cash On Delivery Payment Method In Magento 2?
Besides Check and Money Order, Cash On Delivery (COD) is also a common payment method in Magento e-commerce store. Most online customers prefer this method since they have to pay only after receiving the goods in hand.
- Step 1: Go to admin panel, navigate to STORES and click on Configuration (under Settings)
(Admin panel => STORES => Configuration)
- Step 2: Expand SALES and choose Payment Methods in the dropdown
In the left menu, you must expand the SALES section and click on the Payment Methods field.
- Step 3: Set up COD payment
First, expand the Cash On Delivery section to start the configuration.
Second, you must enable this type of payment.
Third, set a title for this payment method which will appear in checkout.
Fourth, choose countries in which these payment methods are allowed. You can select specific countries or all.
Fifth, add detailed instructions for customers who want to use the COD payment method.
Sixth, set min and max order total required to process this payment method.
Finally, set the display priority for these payment methods on the checkout page. (E.g.: if you set the sort order to 0, the COD payment method will appear in the first place)
Click on Save Config to complete all settings.
We have shown you how to configure 2 common types of Offline payment: Check/ Money Order and Cash On Delivery in Magento 2. If you have any problems when following this tutorial, be free to ask us by leaving a comment below.
In the next Magento tutorial, we will continue to show the popular Online payment methods (Bank transfer and Purchase Order). See you!
See More Our Magento “How To” Series:
How To Config Sitemap in Magento 2?
How To Use Flat Catalog In Magento 2?
How To Create And Manage Coupon Codes In Magento 2
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