One of the most powerful features of WordPress, com, is in our Payments block, which allows you to collect both one-time payments for individual products and services, as well as recurring payments for subscription payments. Payment gateways are the services that facilitate the processing of credit and debit card payments for merchants. The gateway you choose is very important, especially considering that 75% of retail consumers abandon their carts during checkout. Offering your customers a variety of payment options is a great way to keep them satisfied.
Authorize, Net offers advanced fraud detection services for free, among other services. You will also have the option of synchronizing Quickbooks and the possibility of accepting multiple currencies. PayPal is probably the most trusted name in payment gateways. That's a big plus for startups.
In addition, PayPal is consistent and transparent in its fee schedule and offers an extensive set of tools. You can also set up a POS payment process with several hardware options, including mobile and traditional terminal capabilities. PayPal has 286 million active user accounts worldwide. It's a fairly large group of potential customers who are more likely to complete their payments if PayPal is an option.
Stripe is the best option if you plan to do a lot of international business. It accepts more than 100 foreign currencies and automatically converts them. Stripe is definitely a workhorse, with plenty of options for developers. In addition to brand recognition, one of the most important benefits of using Amazon Pay is that, unlike PayPal, shoppers don't have to leave your website to complete their payments.
Users can log in with their Amazon accounts and complete “online shopping” in a smooth, familiar checkout process. While Amazon Pay doesn't offer a POS system, you'll have access to other benefits. These include the ability to set up recurring payments, fraud detection, and donation settings. Square is a leader in the payment gateway industry.
There are so many features and tools you'll get for free, such as the virtual terminal. This application allows you to turn any device connected to the web into a credit card payment terminal, even without a card swipe. Square also offers a sophisticated POS system, incorporating iPad hardware into a sleek, easy-to-use digital terminal. Like some of the other gateway options, Square is definitely one of the best options for startups and businesses with small monthly transaction numbers.
The PayPal Payments Pro add-on solves one of the disadvantages of using PayPal. Your customers will no longer be removed from your website when they choose to use a credit card. WP Full Stripe works (naturally) with Stripe. This plugin is designed to make it easy to add payment options to your website.
This includes embedding payment forms on your site and setting up subscription or recurring payment options. If you choose Stripe as your payment gateway, WP Simple Pay is another option to integrate payments on your WordPress site. This plugin is practically an “all-in-one” option, which eliminates the need for additional add-ons to create a paid experience. WooCommerce is a perfect partner for your Wordpress e-commerce website.
Packed with features and options, WooCommerce also has more than 300 plugins available that expand its functionality. This includes extensions that connect you to a wide variety of payment gateways. Finally, the Amazon Pay WooCommerce Payment Gateway plugin is designed to specifically integrate Amazon Pay into a WooCommerce online store. The recognition and trust that consumers have with Amazon can be a huge benefit to your website.
Being able to accept payments on your WordPress website opens up enormous potential to make money with what you do. Whether it's selling products, services or anything else, having the ability to have someone pay through your website makes selling simple. If you want to create a simple payment button, then the WP simple payment method shown above is an excellent option. Once the transaction is approved, the card issuer sends the money to the merchant, who deposits the money into your bank account.
As a business, when you receive money, it's sent directly to your Apple Pay Cash card (which is in your Wallet). Generating sales is important for any e-commerce store, but one aspect that is often overlooked is how to attract money. I mean, when a customer makes a purchase on my website using the payment method described above, how will the money be deposited into my local bank account?. It's simple and easy to use these plugins and transform your WordPress site into a money-making machine.
While the PayPal Buy Now button is a simple buy button that only allows you to collect a payment for a specific thing, but it is not connected with any functionality of the online store. In addition, the money is transferred to your bank within two days, eliminating the need to withdraw it manually. A pop-up window shows Collect Payment on the same page, while Redirect will redirect the customer to make the payment. If you sell a physical product, you'll need a way to collect shipping details from your customers.
Google Pay (now known as G Pay) is a digital wallet and online payment system that allows you to send and receive money via your mobile device, tablet or smartwatch using the Android operating system. Most e-commerce companies would be more successful with a dedicated platform, such as WooCommerce or Shopify, but some service companies and small retailers can get away with a simple form to collect payments. However, if we open a membership site or an e-commerce website, we have to charge the payment to the user or buyer. Use this space to give customers more details about what Collect is and what payment methods they can use with it.