Magento supports all major payment gateways like Paypal, 2checkout, Credit Card Processing, etc.You can find more information on compatible payment gateways here.
The Magento Community Edition is available as a free download under the open source OSL 3.0 license.
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Magento is a powerful, feature-rich eCommerce platform built on an open-source technology that provides you with an exceptional flexibility and control over the look, content, and functionality of your online store. With great marketing, SEO, and catalog-management tools, Magento gives merchants the power to create sites that are tailored to their unique business needs.