The payment solution provided by your store can greatly affect the success of your business. If you only provide a processor that does not know or trust the customer group, you may miss the sales opportunity. Therefore, if your e -commerce store focuses on the European market, you will need to use the Wooocommerce payment solution suitable for the audience.
Finding perfect tools may be challenging. In most cases, you need to provide multiple payment processors so that customers have the right to choose.
In this article, we will compare the six European payment solutions of Woocommerce. How long will we discuss the withdrawal, the currency that accepts, the country we support, and so on. let’s start!
European payment solution comparison: In short
Before discussing each detail, let’s see how they compare them through numbers. With this information, you will better understand which European payment solutions you should use:
* Based on Authorize.net merchant account, although they offer non -merchant options
full chart
Six European payment solutions: Detailed comparison
This discussion will focus on supporting payment solutions that support multiple European countries. In addition, some of these solutions are applicable to the world. This coverage means that if you plan to sell to the world, they may be perfect.
1. Woocommerce payment
You can register WooCommerce Payments for free, and there is no monthly fee. The transaction fee is set to 2.9% plus $ 0.30 each time, which is the standard for the entire industry.
The payment solution is available in more than ten European countries, Canada and the United States, and supports more than 135 currencies. However, the transaction of currency other than the US dollar requires an additional 1% fee.
With the help of Wooocommerce Payments, customers can also use Apple Pay, P24, Giropay, Ideal, BanContact, Sofort or Sepa. Why is this important? Because it makes the checkout process faster, it allows shoppers to use existing accounts instead of looking for their credit cards.
In addition, you can collect regular payment for subscribing, member qualifications, payment plans and automatic replenishment. The sky is the limit!
The funds received through Woocommerce Payments can be stored in your bank account in two days.
Available:
WooCommerce Payments available in the following European countries/regions.
2. Bibao
With PayPal, customers can use digital wallets, credit cards, debit cards and money in bank transfer to pay. In addition, the payment processor supports 25 kinds of currency.
One thing to remember when using PayPal is that available payment methods and costs vary from where your account is located. In addition, PayPal charges 2.5-3.5% of the currency exchange fee.
PayPal will not force you to open a merchant account. However, if you intend to operate an e -commerce business, it is recommended that you make one. For merchant accounts, PayPal charges 2.99%of the standard for credit or debit card transactions. If you use PayPal Checkout, it will charge 3.49%. Each transaction has an additional fixed cost, depending on the currency you received.
If you use PayPal, you can withdraw your income to your bank account in just one working day. Payment processors also provide their own debit cards in some countries/regions, so that you can use your funds immediately.
Available:
PayPal is available in the following European countries/regions.
3 million long live wallet
This payment solution allows you to open an account that does not charge you any maintenance fee. You can also transfer funds from Viva Wallet to any iBAN merchant account on the second day after sales.
In addition, the processor supports all major credit cards. Viva Wallet is also integrated with European local payment solutions such as IDEAL, PRZELEWY24 and Payu.
No matter which payment integration you provide, all purchases are performed in Viva Wallet checkout. For credit card processing fees, Viva Wallet charges 2.06-2.2% plus an additional fee of £ 0.24 per transaction.
When you open the Viva Wallet account, you can apply for a debit card to use your funds immediately. Viva wallet platform supports all currencies and can be used in most European areas.
Available:
Viva Wallet is available in the following European countries/regions. They also support CBD merchants in France, Italy, Poland, Greece and Portugal (in line with certain standards).
4. Authorized Network
Authorize.net is one of the world’s most complete online payment solutions. It has already existed for more than 20 years Essence During this period, it has become one of the preferred solutions for international e -commerce stores.
Use Authorize.net, you can get solutions that can process credit card payment and electronic checks. The platform is also with Paypal and Apple PaY integration has expanded your potential customer base. In addition, Authorize.net supports 13 different currencies. It provides a provider and non -merchant account. The non -merchant account is charged $ 25 a month, and the standard fee for each transaction is 2.9% + 0.30 US dollars.
However, if you have a merchant account, Authorize.net will reduce its fixed cost to $ 0.10 per transaction, and according to your sales volume, you can negotiate each card type separately (such as MasterCard Card, Victoria, Victoria The transaction percentage of Saka, Discover Card, etc.). To. For large e -commerce operations, this can be transformed into a large number of savings.
In contrast, if you deal with international transactions, Authorize.net costs will rise to 4.4% + 0.30 US dollars. Although they accept a variety of currencies, they are not allowed to accept a variety of currencies on the same account.
On average, it takes about two working days from Authorize.net to withdraw money. Available: Authorize.net is suitable for all European companies.
5. Clara
Klarna is a trusted e -commerce payment provider, providing flexible payment options. You can let customers divide their purchases into four interest -free payment. Buyers can also choose to pay in full within 30 days or use monthly financing options.
Unlike most e -commerce payment solutions with financing options, KLARNA simplifies the process by conducting credit inspections in the background.
In addition to the later payment options, KLARNA can also process regular purchases using credit cards and bank transfers. The platform charges $ 0.30 for each transaction and is charged an additional cost of 3.29% to 3.79% -this depends on whether you stay on the page or let them leave the page when you check out. KLARNA’s cost is higher than other European payment solutions, and it is worth noting, they Each product you listed will charge $ 30 a monthly fee. From the perspective of the seller, KLARNA provides you with full prepaid and processing financing. In addition, it also helps increase traffic through this application. With KLARNA, you can store sales revenue directly into your bank account. However, payment processing time may vary depending on your arrangement.
Availability:
KLARNA is available in the following European countries/regions.
6. Molly
Mollie is a modern European payment solution, which aims to be priced in advance as much as possible. It also supports almost all payment methods you can think of.
With Mollie, you can accept credit cards, PayPal, Apple Pay, bank transfer (including SEPA transfer), and even gift cards. The payment solution is also integrated with KLARNA.
Mollie allows you to fully control the payment option type to be enabled. The platform supports disposable payment and regular payment and installment payment. You can also freely customize the checkout experience and integrate it with your online store. In terms of payment processing costs, Mollie charged the credit card of 0.25 euros + 1.8% -2.8%. It provides variable pricing, depending on the payment method you provide for customers. In many cases, Mollie charged the industry standards for credit card processing, such as MasterCard Card and American Express Pay. By default, Mollie pays twice a week to your bank account, and the processing time is usually one to two days. However, you can also configure custom payment timetables as needed.
Available:
Mollie available in the following European countries/regions.
Payment gateway summary
If you operate e -commerce business in Europe, you can increase sales by providing payment solutions that meet as many customers as much as possible. The European payment solution allows shoppers in the region to pay more easily. They also simplified the process of extracting money to your bank account.
If you are still not sure which European payment solution to use, the following is the six options Summary, for your fast comparison: WOOCOMMERCE payment: This payment solution enables you 135 currencies. It is carried out by the WordPress instrument boardManagement to simplify the entire process and provide high -quality, specific support in WordPress.
Bibao:
- Use PayPal, you can access one of the world’s largest user bases, and a trusted global payment brand. Wan Sui Wallet:
- Viva Wallet designed for European customers and enterprises, support all currencies, and allow you to withdraw money easily. Authorized Network:
- This is one of the world’s most complete payment solutions.If you have a merchant account, Authorize.net will provide some minimum processing costs, depending on your sales and international sales. KLARNA:
- mollie: With mollie, you can get variable fees and accept multiple payment methods.
- View all available payment solutions in the market.
This payment solution provides financing options for your European customers.
