WooCommerce, the e-commerce platform developed by Automattic, is using a native solution named WooCommerce Payments to boost the payment features. Stripe powers the payment feature. This is fully integrated with the rest of the platform, similar to previous payment solutions on WooCommerce websites.
“No more logging into a separate payment processor’s website to track payouts or manage chargebacks. WooCommerce merchants can now manage their payments from their WooCommerce dashboard,” Paul Maiorana, general manager of WooCommerce, said in a statement on Tuesday (May 19).
Automattic is the firm behind WordPress.com, Longreads, Simplenote, and Tumblr. WooCommerce is a plugin built on WordPress. Meaning you can use WordPress to create a website and start accepting orders thanks to the WooCommerce plugin.
More on WooCommerce Payments
WooCommerce users might previously be able to enable extensions to embed payment widgets on their websites. For example, you could be using Stripe, Amazon Pay, Square, or PayPal.
WooCommerce Payments take this feature one step further, making it as easy to start and accept orders as possible. It’s available to customers in the U.S. starting yesterday after a successful beta test.
The best part about WooCommerce Payments is that you can control payments in the WooCommerce rear end directly. There is a new payment tab, which allows you to view charges, issue refunds, and handle disputes. You should not link to your Stripe account or any third party website.
“I was always a fan of managing everything from one place, so when WooCommerce Payments came about, it was an easy switch. I like the seamless integration, the flow, the dashboard and the ease of downloading info and fixing disputes,” said R. Nick Walker, a WooCommerce merchant and owner of Cool Face Life.
In terms of pricing, WooCommerce Payments transactions cost 2.9% + $0.30 per transaction. There are no set-up fees and no monthly payments. In other words, whether you use WooCommerce Payments or a custom Stripe integration, you’ll end up paying the same rates.
WooCommerce plans to add the ability to save cards, as well as subscription and in-person payment support in the future. Furthermore, the company plans to roll out WooCommerce payments to more countries.
Over the last few months, several retailers have started using WooCommerce, possibly due to the coronavirus outbreak. In two months, the number of active WooCommerce sites increased by 34%, while the number of shoppers increased by 70%.
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