The best WooCommerce payment providers will offer your business the tools needed to convert shoppers and maximise sales. When choosing a PSP, you need to consider a few different factors, including:
– Payment options
– Cost
– Ease of integration
– Security
– Location of PSP (and expertise)
– Other features and support
Payment options
The best payment solution is the one that can help you offer the payment methods your customers want to use. Offering shoppers the payment methods they prefer is key to keeping them happy when they’re checking out and giving them the confidence to make a purchase. They should also allow you to add payment methods to your WooCommerce with just the click of a button. For more, see our guide to the best payment methods for your business.
Cost
Comparing costs and fees when choosing a payment processor for your online store is essential. Every PSP will charge transaction fees for the payments they process, and some might even charge monthly fees, set up charges, or take money for other services. The best PSPs offer transparent pricing and don’t charge for failed transactions. They should also provide flexibility by allowing you to sign a flexible contract that means you can leave if you’re unhappy.
Security
If you’re accepting payments, it’s your responsibility to protect your customer’s sensitive information. A good PSP will ensure you comply with the relevant regulations and protect your customer’s data from fraudsters.
Ease of integration
It goes without saying that you will want to start accepting payments as quickly and efficiently as possible. That’s why you need to consider how easily a PSP integrates with WooCommerce. Luckily, the best PSPs offer plugins that help you add payments to your WooCommerce store in no time at all.
It’s also worth assessing whether the payment processor’s WooCommerce plugin supports different WooCommerce-specific features like WooCommerce Subscriptions (for recurring payments) and WordPress’s Gutenberg Block Editor. That also shows that the payment gateway can develop and scale with your WooCommerce website.
Check when the plugin you are considering was last updated. Good WordPress and WooCommerce plugins are updated regularly – even monthly – to stay abreast of core updates. It is also a good idea to check the plugin reviews on the WordPress repository or WooCommerce.com marketplace.
Location of PSP (and expertise)
There’s often more than one good option when looking for a PSP that works with your chosen ecommerce platform. But the great option is the one that has real expertise in the markets you operate in and can help you scale across borders as easily as possible. If you are in Europe, using a PSP with European payments expertise will help you increase sales and make international expansion effortless.
Other features and support
As well as offering the correct payment methods, pricing, and easy integration, a PSP should also provide other benefits and features that can help you succeed. This includes human support that’s always available to help, payment features to increase conversions, and other tools that can help you manage your money and improve what you do.
