Best Payment Gateway for WooCommerce
It's expected that the market for payment platforms in Europe will grow by about 300% between 2023 and 2030. So, if you're looking for the most convenient paying options for your e-commerce business, check out the best payment gateway for WooCommerce. Manage the sales and transactions swiftly by reducing possible fraud and inconveniences.
What Is the Best Payment Gateway for WooCommerce?
You can't build the sales process or manage transactions without a platform that offers e-commerce functionality. In fact, it's an essential step when starting an online business. Some of the top-notch WooCommerce payment gateways are WooCommerce Payments, Stripe, PayPal, and Square.
So, if you want to automate purchases, avoid any risk related to payments, and stay in compliance with industry standards, you have to integrate your website with a payment gateway. Once you create a store website on WordPress and install the WooCommerce plugin, you'll have many payment gateways to choose from. Let's check out some top picks.
WooCommerce Payments Is Ideal for Small and Medium-to-Large Sized Businesses
Since the WooCommerce Payments (or WooPayments) feature is already built in, integrating it into the platform will be a breeze. You can easily accept payments, monitor cash flow, and resolve customer issues from the store's dashboard.
However, one of the biggest perks you get to enjoy is no monthly charges. This means you can start business with no money and still provide high-quality services to clients. Also, don't forget it's specifically made for WooCommerce, and with WooPayments together, you'll have immediate access to first-rate support.
How Much Will WooPayments Cost?
When it comes to pricing, there's a base fee for you to cover. Card transaction fee starts at 1.5% + £0.25 and goes as high as 6% + £0.30. Besides these base fees, international card transactions incur an extra 2% charge. Also, don't forget a 2% fee for currency exchange. Keep all these expenses in mind and plan the entire business plan accordingly - there are other segments that might require funds, like reliable software for selling online.
Stripe's Offer Is Flexible and Ensures Secure Global Payment System
Stripe is another popular payment processing platform that can be easily integrated with WooCommerce. You may take payments from all the main credit cards, debit cards, and even some local ones like SEPA Direct Debit, Alipay, and iDEAL. It can be quite a convenience, especially when using cross-listing software to sell on both eBay and Depop and have different audiences on both platforms.
There are no upfront costs and the price is paid as you go with this payment processor, just as with WooPayments. Its integrated suite has many useful features, such as the ability to automate tax calculations, streamline invoicing, and accept both one-time and recurring payments.
When it comes to fees, expect 1.5% + £0.20 for standard UK cards and 2.5% + £0.20 for cards issued in the EEA/ 3.25% + £0.20 for cards issued anywhere else, plus 2% for currency conversion.
PayPal Is One of the Most Popular Payment Gateways
Many people and companies around the world trust PayPal as a way to send and receive money. When using PayPal on the WooCommerce store, your customers will feel more comfortable with the brand and have a payment choice that is familiar and easy to use.
Another perk of using PayPal with the WooCommerce store is its simple and basic setup. This plugin already works with PayPal, so you don't need to add any extra apps or code to get it set up quickly.
Check Out the PayPal Fees
There is a flat cost of £0.30 for each domestic transaction in the UK and a tiered pricing plan ranging from 1.25% to 2.90%. In addition to the established rates, international business transactions incur an extra fee of 1.29–1.9%.
Square Is Easy to Use and Free to Get Started
When it comes to WooCommerce payment gateways, Square is a top pick for small businesses that want to expand on more than just one online marketplace platform (if you, for example, want to cross-post on Shopify and Vinted, as well.
This system enables businesses to take payments via debit and credit cards through mobile devices. For both online and in-person purchases, it accepts a variety of payment methods. Customize payment forms with choices for automatic formatting, making them mobile-friendly.
Standard fees include charges of 1.4% + £0.25p for all UK card payments and 1.75% for contactless payments. When it comes to international payments, the charge increases to 2.5% + £0.25p for non-UK cards.
How to Choose the Right WooCommerce Payment Gateway for the E-Commerce Business?
There are a variety of options available in the payment business for both online and in-person payment processing. However, you should choose the most suitable one with the multi-vendor marketplace platform you're using, whether it's Asos or WooCommerce, or both.
Think About the Target Audience
Think about getting a gateway that works with many languages and currencies so you can make payments easy for clients all over the globe. Customer satisfaction rises and conversion rates rise as a result of support for local payment methods and preferences. Boost the client's trust working on Etsy and other best online-selling platforms and don't risk selling the same thing twice with the help of cross-posting software.
Ensure the Payment Gateway Is Secure
You can't afford to have any security issues with the WooCommerce payment gateway. Customer's personal information, trust, and the credibility of your business can all be preserved with a secure gateway.
To ensure the safe handling of credit card information, check that the gateway is PCI compliant. And, to shield the online store from cyber threats, search for solutions with built-in fraud protection measures.
Compare Fees
Choose a payment gateway whose pricing structure fits nicely with your business goals and expected income. Smaller businesses may benefit more from a more expensive payment method without monthly costs, while larger enterprises can save money with lower transaction rates. Do the math on the currency conversion expenses if your e-commerce site takes orders from all around the world.
Check Out the Additional Features
Think about the extra features that can improve the store's functionality when you choose a WooCommerce payment gateway. Features such as mobile payment compatibility, simple integration with the existing system, and recurring billing for subscription-based models are crucial.
Use Top-Notch Multi-Channel Listing Software and Be on Hottest Platforms
Providing the utmost services to customers is something you need to think about, especially when it comes to payments. You want every payment process to be secure and successful. That's why WooCommerce offers many secure gateways you can choose from.
Since this can take a lot of your time and effort, let the professional cross-listing software ensure you're constantly updated on multiple platforms, from Facebook Marketplace to WooCommerce and eBay. Sign up with Zipsale, and we'll take care of your listings on all of them.
