Basic questions about developing a WP site locally

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I’m developing a testing site locally, and it’s good so far. But I have questions

1) Is it possible to set-up everything and test WooCommerce locally? In terms of fake test payments and also actual real test payments.

2) Is it possible to test email contact forms locally and/or have them send actual emails to email address? I ask this because my contact form isn’t working, but that might just be my fault.

3) Finally, is there anything important/common I should know about in general that I can’t fully set up and test locally? Or anything else important I should know about local development.

Thanks.

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