What Payment Gateway Should You Use On Woocommerce?
If you’re in the process of setting up your Woocommerce online store then you need to consider which payment gateway to use to process online payments. There are over 100 payment gateways that can integrate with Woocommerce, here is our run down our top 4:
Setting up a PayPal account is easy and is done through their website, once you’ve set up your account you’ll be asked to verify it. This is done by confirming your email address, confirming your bank account, set your business name (the name that appears on customers bank statements) and finally you can lift any limits that you will have on your account.
You can easily add your PayPal account within the Woocommerce setting by adding your email address, when a customer checks out they will be redirected to PayPal’s website where they can log in or enter their credit / debit card details. All payments are processed by PayPal on their website, this gives you the added benefit of extra security.
Stripe is a great option when choosing a payment gateway, their online dashboard is really easy to use and they also charge lower fees than PayPal (Stripe – 1.4% + 20p / PayPal – 3.4% + 20p). To set up this payment gateway you would need to create an account on Stripe, verify it and then link it to your Woocommerce store using an external plugin such as this one from Woocommerce. As of 16th March 2017 you can now use Apple Pay with your Stripe account!
The same process above is followed but you will be upgrading to a Pro account, the benefits of this allow you to take card payments on your website (requires SSL certificate) using an external plugin such as this one from Woocommerce. Rather than sending customers to PayPal’s website customers can enter their details and checkout directly on your website, this makes for a smoother checkout process. There is a monthly fee of £20 for PayPal Pro.
Sage Pay is another alternative to PayPal and Stripe, our experience with Sage Pay is that they offer great customer service and their online Dashboard is really easy to use and offers a lot of different options. Sage Pays fees vary which you can see here – but as an example if you choose their Flex package you get 350 transactions for £19.90 per month, but they do also charge 12p per transaction.
Our recommendation would be to have two payment gateways, as having one can always run the risk of customers not being able to checkout! Our two recommendations would be Stripe and PayPal, Stripe will allow you to take card payments directly on your website but giving customers to option of logging into their PayPal account to checkout is definitely a positive as some customers will feel more secure checking out that way.
If you have a question about Woocommerce then please just ask! Send your question to firstname.lastname@example.org