3 Factors To Consider Before Choosing A WooCommerce Payment Gateway

Customers have always been convenience-seekers in the past and so are they today. They always want to purchase from stores who provide them more facilities than others. For example, many people use credit cards nowadays because it allows them to spend now and pay later. Now if you are running a physical store and you don’t accept credit cards there is a higher chance many customers won’t prefer to purchase from you.

Similarly if you are running a WooCommerce store and you don’t want your customers to abandon your checkout page, you must provide them different payment options. Now you might ask what payment options you should provide to attract them? Well, there are several to name but I’ll recommend only a few such as Credit Card, Debit Card, Net Banking, Apple Pay, Google Pay and many more.

What’s even more important than that is how to choose a payment gateway for your WooCommerce store that offers all these payment options. Well, there are many things to consider before selecting a payment gateway for your online store but what’s most important are cost, integration, and features. So, today we will discuss these three factors in our blog and let you know what to look into them.

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With that complete, it’s time to dig into three main considerations before choosing a payment gateway for your WooCommerce store.

What You Need To Consider Before Choosing A WooCommerce Payment Gateway?

The most important that’s not listed here but is pre-understood is Security. It’s very very important for you to ensure that the payment gateway you are considering should be able to secure all the transactions of your customers from hackers and crackers.

Now let’s see the rest of the important things you need to check out before using a payment gateway on your shopping site:

1. Cost

Though there are many types of fees payment gateways charge for allowing you to use their services, the most common one is the processing fee. You will have to pay processing fees for every transaction that your customers complete on your site.

As far as the credit card payments goes, most of the payment processors charge 2.9% + a flat $0.30 per transaction in the USA. Besides this, if you want to accept international payments too, then you will be asked for an extra 1% fee that will vary with different service providers.

Then comes the monthly fee which only a few payment service providers charge while others don’t. It depends on the payment gateway you are considering for your WooCommerce store.

3 Factors To Consider Before Choosing A WooCommerce Payment Gateway

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