There are a lot of ways today, series of processors, extensions and more, to set up accepting payment from customers. Woocommerce, the easiest ecommerce platform to set up custom online businesses, provides us multiple affordable ways to design payment gateways for your eCommerce store.

Accepting credit cards, as one of the payment methods for online stores, costs a fee from the payment provider. Say you go for such a provider, thinking your store isn’t big enough to incur huge monthly fee as a percentage of your monthly sales; in due course, when your store gets the fame, you get higher sales and at the same time you end up paying enormous fee to the credit card provider. Hence it’s crucial you go for a credit card service provider as woocommerce who charges less or demands no upfront fee.

On your woocommerce store, you can take stripe or PayPal, which come at absolutely free costs. They can be set up in the installation wizard for new woocommerce stores, can be taken from the core directly or can be bought in form of free extensions from WordPress.org if setting up for a woocommerce store without them.

• Woocommerce PayPal lets one pay from his PayPal account balance or credit cards
• Woocommerce stripe offers safer and more robust payment gateway solutions for stores
• Cheque Payments lets one accept cheques for payments
• BACS lets you accept bank transfers for payments
• Cash on Delivery, as the name states, allows stores to accept cash on item delivery

There’s a point worth noting here, on using stripe and PayPal for payment on woocommerce stores. Since you embed them into your woocommerce store, they directly appear in checkout rather than redirection to a separate tab and this kind of UI is always known to be user friendly.

Regarding the fee,

• PayPal by Braintree is offered free for first $50000 worth transactions after which it is 30cents plus 2.9% for successful credit card transactions
• Till yearly $1 million, 30cents plus 2.9% for successful credit card transactions, with stripe.
• Both of them don’t necessitate any bank account or merchant account

Not just them for payment on woocommerce stores. But we have even more options of gateways as below,

• Amazon Pay that lets one pay while being on the store, without having to open new tabs
• Klarna in specific countries lets customers go home with invoices and pay later
• PayPal Express checkout lets one use his PayPal account for payments
• Simplify Commerce from Mastercard allows usage of all major credit cards and also lets one set up recurring payments.
• These above may require you to set up merchant accounts accordingly.

Woocommerce stores can be set up to go ‘cardless’ too, to suffice those who don’t own credit cards for various reasons,

• Making available the option of cash on delivery is great for local postcodes. Local Pickup Plus extension helps you with notification options, and to support all local areas
• For those shipping zones you can deliver quickly or the customers can walk into your store and pick up, adding Local Pickup Plus COD (cash on delivery) is great
• Touch ID payments or apple wallet pay can be a great option for mobile shoppers
• With Klarna pay after delivery, you get paid within two business days from klarna, you send the item parcel to your customer and he has time till two weeks to pay klarna with card or do bank transfers
• Klarna “pay later” allows payments in installments

That’s a good amount of detail on ways to enable payments on woocommerce store/payment methods for online stores, we believe. Are you setting up your woocommerce store? Well, you can very well approach us if you need help in the store set up or payment setup or any other specific service you may need.