If you have an e-commerce website you need a payment processor. Fortunately, there are many different options to choose from. So, how do you know which is the best option for you? From different rates to variable service options, payment processors can be very different across the board. Whether you already have a payment processor and are looking to switch, or are just starting out and need a new processor, this guide will help you select the best option. Let’s take a look at some popular options and compare them.
PAYPAL
PayPal is a flexible and widely used payment processor. The convenience factor of using PayPal is high, and it easily integrates with WooCommerce using a free plugin, making it very popular. You can find a list of transaction fees here. The one downside to using PayPal is that users will have to leave your site momentarily to make their payment and then return. Although this is common practice, it can be slightly clunky for your checkout process.
AUTHORIZE.NET
Authorize.Net is another popular option among clients. They offer competitive transaction rates and have an excellent customer support center. There is a monthly fee to use their services and it varies with use and company size. The integration with Woocommerce is simple but you’ll need to pay for the plugin to use it. Authorize.Net provides an inline integration, meaning you’ll enter your card details directly on the checkout form without leaving the page. Some of our clients have selected Authorize.Net for being willing to process firearm accessories sales, unlike other processors.
STRIPE
Stripe provides a modern interface and sleek design. The connection to WooCommerce is free and is easy to set up. Users can expect to pay competitive transaction fees. Stripe also has a lot of other integrations for POS and virtual transactions making it a seamless system from your brick and mortar to your online sales.
These are just three of the many payment processors out there. We’ve worked with plenty of them as options for clients and will continue to see new ones as well. Hopefully this helps you select a processor that is appropriate for your business model! Working with a specific processor not on this list? Let us know and we can inform you of compatibility with WordPress!