The booming footwear industry is estimated to generate over £273 billion worldwide by the end of 2023 (DatamarNews). In this competitive environment, customers expect quicker, easier and smoother payment and delivery options. As such, it is crucial for your footwear business to adapt.
With the customer behaviour continually evolving, having a payment service provider that grows alongside your business is crucial. At Mollie, as a trusted global payment service provider, our mission is to simplify financial services for all. Read on for practical insights on how we do just that in footwear ecommerce.
Choosing the right payment option for your online footwear shop
When choosing the right payment service provider for your footwear business, you need to make sure it integrates with the other parts of your business. You need something that works seamlessly with your ERP, CRM, and inventory management systems.
Finding a payment solution that works perfectly with the other parts of your business can be tricky. It’s important to understand, or to revisit, what a payment solution is and what it should offer your business.
What is a payment service provider?
A payment service provider (PSP) is a third party that helps your business accept online payments.
Nearly every online business uses an online PSP to accept payments – both global and local payment methods. They ensure all payments work seamlessly all under one contract to provide a positive customer experience which in turn helps improve business reputation. They also provide a platform to manage all of your past transactions.
How to choose the right payment service provider?
Your chosen payment service provider should support your business, while not eating away your hard-earned profits. You need a solution that's easy to integrate with your systems so you can showcase your brand. It should make your business run more efficiently and work through one simple, easy-to-manage contract.
If low transaction fees, easy integrations and flexible contracts sound like a dream come true - then we can help! Whether you’re running a small shoe business or operate a global online footwear store dealing with tens of thousands of payments each day, Mollie may just be the perfect option.
How does Mollie work?
At Mollie, our aim is to grow your business; we’ve been a leader in the online payments industry since 2004, helping our partners easily accept multiple payment methods, increase conversions, and drive business growth with our range of advanced features, which include:
- Easy to set up and integrate.
Our account set up process can be done in 10 simple steps – so you won’t need lots of technical knowledge to get started. We’ve got over 150 possible integrations that make it easy for your ecommerce platform to connect Mollie payments. But if you’re looking to integrate something specific, our payment links and Payment API allows your developers to easily integrate Mollie’s payment services into your existing software.
- Multiple payment methods
Once you’ve activated your account and integrated Mollie, you can offer your customers a range of leading payment methods. We support all major ecommerce payment methods such as credit cards, PayPal, and Apple Pay. All you have to do is toggle which payment methods you want, when you want. All with no hidden fees or lock-in contracts.
- Enjoy incredible security and features
Offering a wide range of payments methods is great for customers, but security should always be a the forefront of your mind when accepting payments. Robust security ensures your customers put their trust in you, and that’s why we take security extremely seriously. At Mollie, we are fully PCI-DSS level 1 certified, and comply fully with the European Banking Authority’s Guidelines and more. You can be rest assured that your payments are always secure.
The payment solution trusted by thousands of businesses
At Mollie, we work with tens of thousands of different brands in a range of industries, offering effortless payment solutions to more than 130,000 businesses worldwide, including Restocks, a trainer reselling platform.
Case study: Restocks
After selling his web-hosting company, Hosty, Hamaidouch was looking for a new adventure. He saw a trend for sneaker resell sites in America, but didn’t see any big players in Europe. So, he decided to create his own, which is now known as Restocks.
As Restocks expanded out of the Netherlands and into Germany, France, Belgium, Italy, Spain, the UK, and Scandinavia - they needed a better way to handle online payments. With payment being an instrumental part of the business. Hamaidouch decided Mollie was the perfect partner as Restocks scaled at speed and we’re thrilled to be providing effortless payments for Restocks.
“The payment structure is the backbone of your business, so you have to feel confident with the payment service provider (PSP) that you partner with,” he explains. "I really have that feeling with Mollie.
“From the moment we started with Mollie, they were there for us. I spoke to other providers, but they were all focused on larger businesses. With Mollie, It was different. We have a very personal connection, are always in direct contact, and they’ve been with us for every step of our journey.”
The benefits of choosing Mollie as your payment service provider
Mollie provides an all-in-one solution for online businesses and can provide a seamless switchover from your old service. Your footwear ecommerce business will be able to accept payments, send invoices, and track finances all in one place. But what more can we do for you?
Save time and effort with hundreds of integrations
If you want to switch to a new payment provider but feel locked in by your current vendor, we’ve made it easy to start with Mollie. That includes plugins and integrations for all leading ecommerce platforms, accounting software, and other tech tools that simplify doing business.
For example, we have a plugin with the accounting tool Xero, which is easily hooked up with our bank feed API. We’ll feed your payments into that, meaning that you’ll save significant time and effort, as you don’t have to feed these into two entirely different systems.
Mollie doesn’t charge for failed transactions
Footwear suppliers can be handling a high number of orders each day and sometimes payments fail. At Mollie, we don’t charge you for failed transactions, you’ll only ever pay for successful transactions.
Get paid quicker
As a standard you will receive payment twice a week on Tuesday, Friday and then the first business day of the month. However, you can decide when you receive your money with Mollie, free of charge. Head to your Mollie account and choose the payout date that suits you best. Even Though most payment methods allow you to choose your own payout frequency options, some do have some limitations.
Responsive, local support
In December 2021, we asked 500 SMEs what they loved and didn’t love about their current payment service provider. We found out that slow response times, inappropriate communication methods, and outstanding unresolved issues were some of the top pain points.
At Mollie, our customers are the most important thing to us which is why we have responsive, local support teams across Europe so whenever you need us we are here to help. As well as helping you solve any problems, we also offer guidance and insights to help you drive growth and improve what you do.
Get a head start with Mollie
We understand how important payments are to a business which is why we support you to provide an effortless, seamless online payment solution. At Mollie, more than 130,000 European businesses put their trust in us to provide effortless payments and in 2021 we expanded our focus to support UK businesses.
If you’re looking for advanced integrations, multiple payment methods, and a conversion-optimised checkout - they are all just a click away. Get started today with our simple sign up page, or if your business processes over £50,000 per month contact our sales team.