Top 2023 resources on fees

Best fees resource in 2023.
Learn more about fees to improve your e-commerce strategy.

• 10 Best Sites to Sell Your Products Online - Before the advent of the internet and ecommerce, yard sales and newspapers were the only places where you could sell your stuff without owning a storefront. Now, with all of the different selling websites and apps available, anybody can make extra cash selling just about anything, without having to leave […]
  Topics: item, products, sell, credit, youre, selling, best, online, items, site, sites, fee, fees.
• 20 Selling Sites and Marketplaces to Sell Your Stuff Online - The top online marketplaces in the world sold over $2 trillion in 2019, accounting for 57% of global web sales, according to Digital Commerce 360’s analysis. The growth of marketplace sales leaves small business owners asking one question: to sell or not to sell on online marketplaces?  In this guide, we'll walk you though some of the best online selling sites, the benefits of starting your own online store, and how using both can help reach new customers and make more sales. More
  Topics: stuff, online, items, ecommerce, marketplaces, sites, products, marketplace, fees, free, sell, selling, amazon.
• 3 Strategies to Fulfill Like Amazon - We can be certain that Amazon is spending millions to improve and optimize its shipping processes. In this post, I'll describe three strategies to fulfill like Amazon, even if you have a fraction of its scale and infrastructure.
  Topics: charges, amazon, carrier, strategies, shipping, increase, rules, delivery, weight, order, fees, fulfill.
• 5 reforms necessary to create a truly cashless society - Innovation is necessary in the digital wallet space to pioneer the movement to change the outdated fee models for the simple act of money exchange.
  Topics: cashless, paying, truly, wallet, money, digital, cost, transactions, necessary, credit, techcrunch, create, cash, fees, society, reforms.
• 8 Top Payment Processors - If you’re launching any sort of business you’ve thought about payment processing. With so many choices in the marketplace, the selection process can be a daunting one depending on what works best for your business. A solutions-based eCommerce partner will help you choose a payment processor with the following in mind: Integrated payments and checkout – a seamless flow between payments and checkout increase both conversion and payment completion rates   Better pricing and total cost of ownership – getting the best rates and forecasting for what’s ahead   A simplified experience – choosing a best-in-class provider so you go to market faster with confidence When comparing payment processors we recommend you ask the following questions of the vendors your evaluating: What’s your product offering? How many types of payment are accepted? Are you adopting a more modern platform or are they legacy? What is you geographic coverage? Do they have an interactional reach? Are you priced competitively? How transparent is you pricing structure? Are there membership, setup, or possible hidden fees? What software and hardware do I need? And how is it bundled? What is your approach to integration? Having asked these questions with our own partners, and consulted the research on the myriad of payment processors and merchant services in the marketplace, here’s a Who’s Who of payment processors with some of their signature strengths: PayPal Website: paypal.com A strong performer with a robust product offering including fraud detection, point of sale, alternative payment options (like Venmo and PayPal consumer accounts) and financing options such as BNPL (Buy Now Pay Later). PayPal is well-suited for both enterprise and small/midsize businesses. Additional wins: transparent pricing, ease of use, and dedicated customer support. Stripe Website: stripe.com Analyst-backed and built for larger operations, Stripe offers a broad product menu including card issuing and treasury services, and worldwide acceptance and settlement. Stripe is an exceptionally good fit for eCommerce-based businesses. They offer flat rate pricing and don’t charge monthly subscription fees. Additional wins: highly customizable, streamlined checkouts across devices. Adyen Website: adyen.com Aside from a solid product offering, Adyen presents a tech-forward approach with a wide international footprint. Additional wins: No setup or monthly fees, customizable solutions. Braintree Website: braintree.com Owned by PayPal, Braintree is known for its diverse payment options especially in the digital wallet category. It integrates well with eCommerce businesses, but also offers in-store payment capabilities. Cybersource Website: cybersource.com Owned by VISA, Cybersource’s product offering is uniquely backed by the gold standard of security. Square Website: squareup.com For a business looking for more out-of-the-box solutions, Square offers a straightforward point of sale system geared towards mobile devices. It’s especially compatible with restaurant, retail, and professional service environments. Square offers value-adds for additional fees such as customer loyalty programs and appointment scheduling. Stax Website: stax.com Designed for high volume mid to large sized businesses, Stax offers membership tiers and value add-ons by tier including accounting software integration and a customizable portal. Klarna Website: klarna.com Another BNPL solution, Klarna offers point-of-sale loans through an app or in-store experience. This option is useful for big ticket purchases where an initial down payment is made, and subsequent payments are drawn from a credit or debit card. Typically interest-free, late fees are assessed for failed payments. Buy Now Pay Later is an increasingly popular consumer financing option.   Ultimately, choose what's best for you Payments are a complex yet integral part of the eCommerce experience. Elastic Path can help you ask the right questions when determining what works best for your business needs and the expectations of your customers.
  Topics: pricing, businesses, processors, product, best, fees, payment, additional, payments, offers, business.
• A Complete TransferWise Review: Everything You Need to Know - When it comes to exchange rates, not all of them are created equally. This is especially the case when you want to transfer money and your bank or a transfer service gets involved. Let's say you are in the US… Continue reading A Complete TransferWise Review: Everything You Need to Know
  Topics: need, money, know, account, fees, complete, rate, review, card, transfer, transferwise, exchange, bank.
• A Detailed Skrill Review: Is Skrill the Right Payment Platform For You? - Skrill has an interesting history. I've had some merchants ask me whether or not it's a scam. Let's be clear–I can be certain it's a legitimate payment processor. However, it does have some problems with transparency–especially in the United States. And… Continue reading A Detailed Skrill Review: Is Skrill the Right Payment Platform For You?
  Topics: right, wallet, send, payments, youre, fees, platform, money, skrill, paypal, review, payment, fee, detailed.
• Affirm vs Afterpay: Which BNPL Is Best? - How do you choose between Affirm vs Afterpay when selecting a BNPL provider? The demand for Buy Now, Pay Later (BNPL) opportunities has accelerated significantly in recent years, and this has led to an increase in the number of service… Continue reading Affirm vs Afterpay: Which BNPL Is Best?
  Topics: payment, fees, app, affirm, bnpl, youre, afterpay, best, credit, pay, payments, vs.
• Amazon discontinues Small and Light program - Amazon is pulling the plug on its specialized fulfillment program for small, lightweight, and low-priced goods in Europe, after the discontinuation in the US. Starting from September 26, these items will automatically be subject to new ‘low-price FBA rates’.In 2015, Amazon introduced the Small and Light program, which allowed merchants…
  Topics: fees, fba, fulfillment, light, europe, small, amazon, program, rates, lowprice, discontinues.
• Amazon raises fulfilment costs in Europe - Amazon increased the costs of its multi-channel fulfilment service. The new fees will be in effect for European sellers starting next month. According to the ecommerce giant, the increase is due to rising operational costs due to inflation. Recently, Zalando and eBay also upped seller fees in the face of…
  Topics: rising, seller, size, pricing, sellers, raises, costs, fees, amazon, service, europe, increased, fulfilment.
• Amazon raises seller fees in France - After France approved a new digital tax on American tech giants, Amazon reacted by passing along the costs to French Amazon sellers. The marketplace is raising seller fees by 3 percent for thousands of small and medium-sized businesses in France. Last month, France passed a 3 percent tax to the… Continue reading
  Topics: fees, france, small, seller, tax, digital, french, raises, higher, amazon, conversions.
• Amazon reaches deal to continue accepting Visa payments worldwide - Amazon and Visa have resolved their simmering dispute over payment fees in the UK and elsewhere, Reuters has reported. Amazon threatened to stop accepting Visa in the UK starting January 19.
  Topics: techcrunch, continue, fees, card, recently, amazon, payments, worldwide, accepting, visa, uk, deal, spokesperson, payment, reaches, stores, cards.
• Amazon rows back on threat to stop accepting UK-issued Visa cards - Amazon appears to have rowed back from a public threat to end support for Visa payments in the UK in a dispute over payment fees. The ecommerce giant sent an email to users of Amazon.co.uk today informing them that the “expected change” — which was due to take place on January 19 — will not […]
  Topics: stop, cards, rows, credit, threat, techcrunch, visa, email, amazoncouk, uk, accepting, continue, amazon, fees, users, ukissued.
• Baeman accused of monopolistic behaviour as merger looms - The pending merger between South Korea's number one food-delivery app Baemin and Yogiyo has fuelled widespread concerns about monopolistic market behaviour.
  Topics: baemin, fees, merger, baeman, looms, cent, korea, behaviour, accused, monopolistic, controversy, system, delivery, service, fee.
• Big Cartel vs Shopify – The Ultimate Comparison - As an ecommerce merchant, you’ve probably noticed that Big Cartel vs Shopify is one of those debates that are seemingly here to stay. While Shopify boasts of a huge following, BigCartel, on the other hand, has its fair share of… Continue reading Big Cartel vs Shopify – The Ultimate Comparison
  Topics: store, ultimate, cartel, selling, management, cartels, comparison, fees, shopify, big, plus, online.
• BigCommerce Pricing Plans (2023): How Much Are You Going to Pay With BigCommerce? - BigCommerce (read our full BigCommerce review) serves as a way for legitimate businesses to make a fluid move to online selling. By legitimate, I mean that the majority of plans from BigCommerce provide extensive tools and product options for turning… Continue reading BigCommerce Pricing Plans (2023): How Much Are You Going to Pay With BigCommerce?
  Topics: bigcommerce, pay, youre, yes, pricing, plan, plans, going, payment, fees, need.
• Chargebacks: What All WooCommerce Stores Should Know - Many WooCommerce merchants know about chargebacks and how to prevent them — but in case you don’t, here’s a quick overview of the key details regarding chargebacks and some preventative steps you can take today. Why do chargebacks exist? A “chargeback” is when a customer recalls a payment. While they can be extremely costly for […]
  Topics: woocommerce, card, fraud, merchant, stores, fees, chargebacks, customer, know, chargeback, dispute, customers.
• Checkout.com Review (2022) – Fees, Solutions, and Features - There are a host of different payment platforms that you can partner with to process payments for your digital business. However, finding the right one is often difficult, especially when you consider the variable rates and different features offered by… Continue reading Checkout.com Review (2022) – Fees, Solutions, and Features
  Topics: major, risk, solution, fees, platforms, different, support, payment, payments, store, solutions, features, checkoutcom.
• Credit Card Processing FAQs, Part 1: Learning the Jargon - Credit card processing fees are a longstanding pain for merchants. This post is the first in a series in which I'll answer common payment questions. The first challenge is understanding the industry jargon.
  Topics: processing, merchant, jargon, card, processor, fees, interchange, markup, transactions, learning, transaction, faqs, credit, fee.
• Credit Card Processing FAQs, Part 2: Pricing Models - Ecommerce merchants depend on credit card payments. But the processing fees associated with those payments are notoriously confusing. This post is the second in a series in which I’ll answer frequent payment-processing questions. The first installment, "Part 1: Learning the Jargon," contained an extensive glossary of common industry terms.
  Topics: models, card, merchants, interchange, faqs, transactions, flatrate, processor, fees, processing, tiers, processors, markup, pricing, credit.
• Credit Card Processing, Part 3: Reducing the Cost - Credit cards are the principal method of payment for ecommerce customers. But for merchants, the backend infrastructure of processing and collecting the funds is bewildering. This is the third and final post in a series in which I’ll answer frequent payment-processing questions.
  Topics: processor, reducing, plus, card, fee, pricing, credit, cost, processing, fees, cards, markup, interchange.
• DSers Pricing 2024: A Complete Guide to Costs and Fees - Are you confused about DSers’ pricing structure? Maybe you can’t decide whether it’s worth upgrading from the free plan to the paid service, or you’re wondering how much you’ll need to pay to run your business with DSers overall? In… Continue reading DSers Pricing 2024: A Complete Guide to Costs and Fees
  Topics: free, dropshipping, product, fees, costs, complete, pricing, need, store, shipping, plan, products, dsers, guide, suppliers.
• Digital Payments in China Are Cheap and Convenient - In "China Is Dominating Ecommerce," contributor Marcia Kaplan addressed that country's innovation in online shopping. Digital payments in China are equally innovative. I'll address what that could mean for North American merchants in this post.
  Topics: credit, fees, consumers, payment, merchants, china, cheap, card, north, pay, payments, convenient, digital.
• Does Buy Now, Pay Later Threaten Credit Card Issuers? - Capital One recently announced that it will ban the use of its credit cards to fund buy-now-pay-later transactions. According to a Capital One spokesperson, BNPL transactions “can be risky for customers and the banks that serve them.” In this article, I will examine Capital One’s claim.
  Topics: card, buy, capital, issuers, merchant, pay, threaten, provider, credit, later, interest, consumers, does, cards, bnpl, fees.
• Ecwid Pricing Plans 2023: Packages, Fees, and Add-on Costs - Today, we’re exploring the various features and capabilities included in the range of Ecwid pricing plans available to today’s ecommerce brands. With Ecwid, companies can start selling online almost instantly. The platform includes tools for not only building your online… Continue reading Ecwid Pricing Plans 2023: Packages, Fees, and Add-on Costs
  Topics: store, fees, packages, support, plan, business, pricing, month, costs, tools, ecwid, youll, addon, plans, free.
• Everything You Need to Know About WordPress Payment Processing - Bringing in sales is important for any ecommerce store, but an aspect that’s often overlooked is how to bring the…
  Topics: wordpress, gateways, fees, payments, customer, pay, payment, need, credit, processor, know, card, processing.
• FinXP launches Real Time Payments - Payment and banking service provider FinXP has launched Real Time Payments by FinXP (RTPF). This is an account-to-account payment method that is targeted at online merchants. The Malta-based electronic money institution says its transaction fees are lower than many other popular alternative payment methods. Online payments have become increasingly popular… Continue reading
  Topics: real, payment, popular, payments, launches, online, transaction, merchants, finxp, rtpf, fees.
• Fintech startup SellersFunding raises $166.5M in equity, credit round to support e-commerce sellers - SellersFunding created a lending and financial services platform to streamline global commerce for thousands of marketplaces, including working capital, cross-border cash management and taxes.
  Topics: company, pero, sales, credit, payments, sellers, marketplaces, techcrunch, equity, ecommerce, startup, fintech, small, round, fees, million, support, raises, sellersfunding.
• Foreign online shops in Switzerland must declare all fees - In Switzerland, many online consumers are often subject to unexpected additional fees. The State Secretariat for Economic Affairs now wants to oblige foreign online retailers that are active in Switzerland to list all fees customers need to pay when they order online. In many cases, consumers who shop online have Continue reading
  Topics: foreign, shops, swiss, store, state, fees, retailers, consumers, switzerland, need, declare, online, wants.
• H&M increases return fees - Earlier this year, H&M introduced a return fee of 0.99 euros for shoppers in various European countries, including the Netherlands. Starting from November 1, the rate will increase there by 1 euro, more than doubling the fee. H&M club members will no longer be exempt from this.H&M is one of…
  Topics: fee, free, online, returns, fees, hm, return, euros, increases, members, pay.
• How To Sell on Etsy in 2023: A Comprehensive Guide - Want to start selling your handmade goods online? This article outlines how to start and grow your business using Etsy.
  Topics: comprehensive, guide, shop, listing, fee, products, sell, account, etsy, business, online, selling, fees.
• How to Determine the Best Shopify Pricing for Your eCommerce Store - Choice. Some choices are simple, like what to have for lunch on Taco Tuesday. Other choices, like what to say when told your in-laws are coming for a visit, are not. Somewhere in between those two falls your choice of Shopify pricing. Not quite the minefield of your significant other’s parents, but not quite as […]
  Topics: transaction, advanced, fees, determine, sales, plan, shopify, ecommerce, online, best, pricing, shipping, basic, need, store.
• IXOPAY Review: A Powerhouse White Label Payment Gateway - If you've ever wondered whether or not you're leaving money on the table with your current payment gateway, the answer is probably yes. The world of online payments is rather cluttered and filled with complicated information that makes it difficult… Continue reading IXOPAY Review: A Powerhouse White Label Payment Gateway
  Topics: payment, adapters, youre, fees, white, review, payments, enterprise, label, customer, routing, transaction, powerhouse, gateway, ixopay.
• In Amazon scuffle, Visa’s loss could be Affirm’s gain - Let's look at why BNPL is becoming a more attractive payment option for big e-commerce companies like Amazon and Walmart, as well as merchant marketplaces like Square and Shopify.
  Topics: affirms, payment, gain, transaction, customers, credit, loss, fees, scuffle, transactions, visa, visas, techcrunch, bnpl, amazon, cards.
• Monese vs Revolut: How Do They Differ? - Monese and Revolut are both digital banking services offering a variety of benefits designed for business and personal banking. With their instant currency exchange and payment protection, they also make travel a breeze. Not to mention, it's easy to transfer… Continue reading Monese vs Revolut: How Do They Differ?
  Topics: monese, fee, revolut, account, holders, month, card, differ, vs, accounts, free, fees.
• MyToys handles customs fees for Swiss shoppers - The MyToys Group lets Swiss consumers shop online easier, after it has optimized the ordering and shipping process for its customers in Switzerland. A partnership with Swiss Post enables the German retail company to offer its Swiss customers shorter delivery times, a simpler return process and no customs fees. It Continue reading
  Topics: shop, fees, switzerland, customers, shoppers, mytoys, handles, simpler, delivery, swiss, process, customs.
• New Electronic Disbursement Methods Save Time and Money - Businesses have expenses to pay. “Paying the bills” might not seem interesting or new. but recent innovations make disbursements faster, cheaper, safer, and more convenient.
  Topics: visa, fees, employees, subcontractors, commissions, save, disbursement, methods, transfers, pay, funds, payments, money, electronic, bank.
• News Cart for Jan 31st - Hey there! I’m in the final throws of preparations for ECF Live 2020 but couldn’t skip the News Cart with so much happening this week. Shopify will be keeping transaction fees on refunds, Trump cracks down on counterfeits and in completely unrelated news Chinese sellers take the crown as the #1 force on Amazon. Also [...]
  Topics: marketing, sms, ecf, jan, sellers, fees, whos, cart, job, million, 31st, chinese, yotpos.
• No More Transaction Fees for Volusion - Volusion has always been one of the most reputable ecommerce platforms out there. Well now, the company has released some good news for those current and future Volusion users. All Volusion pricing plans have shifted to a zero transaction fee system,… Continue reading No More Transaction Fees for Volusion
  Topics: users, platforms, payment, plan, volusion, fees, shopify, fee, transaction, pricing.
• No More Transaction Fees for Volusion - Volusion has always been one of the most reputable ecommerce platforms out there. Well, the company has released some good news for those current and future Volusion users. All Volusion pricing plans have shifted to a zero transaction fee system ,… Continue reading No More Transaction Fees for Volusion
  Topics: shopify, pricing, youre, fees, platforms, payment, plan, volusion, users, transaction.
• Over 14,000 Etsy sellers are going on strike to protest increased transaction fees - If you’re in the market for funky trinkets and unique, handmade clothing, you might want to put off your shopping until next week. Starting today, more than 14,000 Etsy sellers are going on strike as the platform increases its transaction fees from 5% to 6.5%. “We’re hoping to get Etsy’s attention that we are fed […]
  Topics: protest, going, fees, sales, platform, techcrunch, petition, support, strike, million, increased, etsy, sellers, increase, transaction.
• PayPal raises fees between UK and Europe - PayPal will raise the fees for payments between businesses in the United Kingdom and those in Europe. The reason for this price increase is Brexit. With the UK no longer being part of the European Economic Area, PayPal’s costs are higher than usual. The European Economic Area consists of all… Continue reading
  Topics: businesses, unwelcome, united, uk, rise, paypal, value, small, fees, raises, payments, europe, european, paypals.
• PayPal’s ambition and uphill battle in China - Over the last few months, PayPal has been quietly gearing up for its expansion in China. At the recent Boao Forum for Asia, China’s answer to Davos, the American payments giant said its strategy for China is not to challenge the duopoly of Alipay and WeChat Pay. Instead, it wants to focus on cross-border business […]
  Topics: fees, merchants, battle, paypals, crossborder, chinese, techcrunch, china, uphill, pay, overseas, payments, ambition, payment, foreign, paypal.
• Payment Depot Reviews: Monthly Memberships for Payments - It's a good idea to look at Payment Depot reviews like this one, because it truly is one of the most transparent payment processors. If you like membership pricing, Payment Depot provides a system where you pay a monthly membership… Continue reading Payment Depot Reviews: Monthly Memberships for Payments
  Topics: memberships, depot, monthly, card, transaction, membership, support, payment, fees, payments, fee, reviews, sales, month.
• Primer on Merchant Accounts, Part 2: Providers, ISOs, How to Choose - The digital payments industry is notoriously confusing. This post is the final installment of a 2-part series on merchant accounts, which are required for all businesses that accept credit cards. "Part 1" described the purpose of such accounts.
  Topics: acquirer, card, fees, payment, account, acquiring, acquirers, brands, isos, accounts, choose, providers, primer, merchant.
• Report claims Amazon collects over a third of seller revenue, bringing in $121B in 2021 - A new study claims that Amazon makes far more from fees on its Marketplace platform than even the cash cow known as AWS. The report says that Amazon’s fees for participating effectively on its store have grown to the point where sellers now give the company about 34% of their earnings — and this has […]
  Topics: claims, 121b, company, bringing, numbers, aws, revenue, collects, amazon, seller, report, sellers, fees, amazons, techcrunch.
• Robinhood cuts trading fees, grows profits with in-house clearing - As zero-commission stock trading app Robinhood starts preparing to IPO, an engineering investment two years in the making could accelerate its quest for profitability. Most stock broker services have to pay an external clearing house to reconcile trades between buyers and sellers. Now with 6 million accounts up from 4 million just 5 months ago, that […]
  Topics: user, clearing, stock, inhouse, million, trading, fees, accounts, business, grows, robinhood, profits, trades, cuts.
• Shopify Amazon Integration – What Do You Need to Know? - Shopify and Amazon are two of the biggest ecommerce platforms in the world. So, integrating the two could unlock a wealth of benefits for online merchants.  Cue the Shopify Amazon integration. With this integration, businesses can quickly expand their reach,… Continue reading Shopify Amazon Integration – What Do You Need to Know?
  Topics: amazon, customer, sales, youll, integration, need, know, fees, shopify, products, fulfillment, product.
• Square Online Pricing 2023: Fees, Plans and More - In today’s guide to Square Online pricing, we’re going to be looking at all of the fees, subscription costs, and other expenses connected with creating a Square store. Square Online provides business owners with a convenient way to design a… Continue reading Square Online Pricing 2023: Fees, Plans and More
  Topics: free, pay, square, store, fees, plans, month, transaction, pricing, plan, online.
• Stablecoin, CBDCs Could Improve Ecommerce - Digital currencies have the potential to expand ecommerce, lower transaction fees, eliminate chargebacks, and prevent fraud. So far, however, volatility and its fear have stopped most merchants and brands from accepting cryptocurrencies. But this could be changing.
  Topics: improve, digital, card, fees, merchants, bank, payment, cbdcs, ecommerce, currencies, transactions, stablecoin, stablecoins.
• Statrys Review (Apr 2022): How it Works, Fees, Pros & Cons - When launching an online business, you need to consider where your funds will go once you start making sales. To keep compliant with taxes and receive a clear overview of your cash flow, creating a separate business account is advisable.… Continue reading Statrys Review (Apr 2022): How it Works, Fees, Pros & Cons
  Topics: apr, works, fees, kong, statrys, cons, online, business, hong, fee, payments, support, review, pros, account.
• Teachery Review: Online Course Selling Without the Fees - Transaction fees are almost a guarantee with every ecommerce platform. It's become an accepted part of the business, even if you're paying a monthly fee on top of that. This is particularly true for online course platforms. However, we've found… Continue reading Teachery Review: Online Course Selling Without the Fees
  Topics: course, support, website, review, youre, online, teachery, transaction, fees, selling, courses, customer.
• The Ultimate Guide To Square Fees for 2019 - The most probable answer to why you might be a little curious about Square's fees is the need to use a safe mobile payment method. If I want to handle payment processing with more precision, this is the first stopover… Continue reading The Ultimate Guide To Square Fees for 2019
  Topics: fees, point, dont, payment, pay, ultimate, payments, square, need, lets, guide, business.
• The Ultimate Guide to eCommerce Payment Processing - eCommerce is booming, and with more people shopping online than ever before, having a streamlined and efficient payment process is essential. However, with so many payment methods and processors available, and so many new payment trends, it can be overwhelming to know where to start. When you have a reliable eCommerce payment processor, platform, or service provider, you spend less time maintaining the back end of your commerce experience and more time managing orders, improving customer experience, and expanding your business. Having a great payment processing setup gives you the freedom to work on business priorities, such as landing new clients and providing customers with a sterling experience. In this ultimate guide to eCommerce payment processing, you’ll learn everything you need to know about accepting payments online – from understanding the different types of payment methods to choosing the best payment processor for your business. What is eCommerce Payment Processing? eCommerce payment processing is the process of accepting online payments. eCommerce payment processing first involves the customer inputting payment information, which a payment gateway validates and uses to process the transaction via a merchant account. The goal of eCommerce payment processing is to provide a secure, reliable, and convenient way for customers to pay for online purchases – while also ensuring that sellers receive payment quickly and efficiently. As digital commerce has grown, reliable and secure payment solutions are necessary to handle the high volume of online transactions. eCommerce payment processing is now crucial for any online business, as it allows merchants to accept payments from customers worldwide. And with the growth of mobile and digital payments, eCommerce payment processing is set to become even more important in the future. What is a Payment Gateway? A payment gateway is a software application that makes it easy for businesses to accept and process customer payments online. Payment gateways act as a bridge between a merchant's website and the financial institution handling the customer's payment, ensuring that sensitive information such as credit card details are appropriately encrypted.  While most payment gateways come with fees, there are many different options available on the market today. Businesses can choose the one that best fits their needs and start accepting payments online quickly and easily. Payment Gateway Examples With a bevy of choices available, choosing the best payment gateway for your business can be hard. Here are some of the leading payment gateways that could fit your unique business needs: PayPal: PayPal is a popular online payment gateway that allows individuals and businesses to make and receive payments online. Users can link their bank account, credit card, or debit card to their account and use it to make or receive payments for goods and services.   Stripe:  Stripe integrates with business websites and mobile apps, allowing customers to enter their payment information and complete a transaction securely. Stripe often processes payments, deducts fees, and transfers the funds directly to a business's bank account.   Square: Square is a digital payment processing platform with a range of features and services for businesses, including point-of-sale (POS) hardware and software, online payment processing, invoicing, and analytics. The platform is designed to be easy to use and accessible to businesses of all sizes, with no setup fees, monthly fees, or long-term contracts.   Elastic Path Payments Powered by Stripe: Elastic Path Payments, powered by Stripe, is a fantastic all-around eCommerce payment processing solution for businesses of all sizes. With a robust and secure payment processing platform and a broad range of plug-and-play integrations and solutions, this state-of-the-art payment system will propel your business to a new level of efficiency and profitability.     Get hands on with an Elastic Path Free Trial Start building the commerce experience your unique business demands with a free Elastic Path Commerce Cloud account. Get in touch with us and we will setup a Free Trial store for you for six weeks. Sign up for a free trial Factors to Consider When Choosing an eCommerce Payment Gateway While many payment gateway options are available, brands should still look for a few specific factors when choosing a payment gateway. Here are some of the key factors brands should consider when choosing an eCommerce payment processing system:  Security: To protect your business from the stress and potential liability of a data breach, be sure that your payment gateway is as committed to security as you are and can protect your business’s and clients’ sensitive information.    Integration: Your payment gateway should seamlessly integrate with your website or eCommerce platform to ensure a smooth checkout process for customers.   Fees: Consider the fees charged by the payment gateway, including transaction, monthly, and setup fees, and make sure they’re affordable for your business.   Customer Support: Pick a payment gateway that offers reliable customer support to address any unforeseen issues during the payment process. What is a Payment Processor in eCommerce? A payment processor is a third-party service provider that facilitates transactions between a merchant and their customers. Payment processors handle the authorization, processing, and settlement of payment transactions in a secure environment.  eCommerce payment processors act as a bridge between the merchant's bank account and the customer's bank account, ensuring the secure transfer of payments. While payment gateways act as a conduit between the merchant and the payment processor, it is the payment processor that handles the actual transaction. Best Practices for eCommerce Payment Security Making online purchases is simple and convenient, but has historically also come with risks, particularly regarding payment security. As a result, businesses need to take extra steps to secure their eCommerce payment processing systems and protect their (and their customers’) sensitive information. Here are eCommerce payment security best practices: Use HTTPS and SSL encryption for security: HTTPS and SSL encryption ensures that all data transmitted between the customer's browser and the website is encrypted and can’t be intercepted by hackers. Implement two-factor authentication: Two-factor authentication adds an extra layer of security by requiring customers to enter a code or use a separate device to confirm their identity before completing a transaction. Store customer data securely: Proper storage of customer data incorporates a range of techniques, including using strong passwords, limiting access to sensitive data, and regularly backing up data to prevent loss in the event of a breach. Conduct regular security audits and updates: Security audits and updates involve regularly reviewing and updating security protocols, testing for vulnerabilities, and staying up-to-date with the latest security threats and technologies. Streamline Your eCommerce Payment Processing with Elastic Path Clearly, eCommerce payment processing involves many moving parts. Your customers expect a strong, seamless commerce experience, and will do business elsewhere if paying is a hassle or their data is breached. At Elastic Path, we’re dedicated to providing the best eCommerce payment processing solutions for businesses of all sizes. Our experts are always on hand to assist you in choosing and setting up an eCommerce payment solution that works for your brand. Get in touch and learn how Elastic Path can provide an eCommerce payment processing solution that serves your customers, boosts your brand, and grows your business.
  Topics: payment, gateway, customers, guide, online, data, fees, payments, business, processing, ecommerce, ultimate.
• The hidden cost of food delivery - The food delivery ecosystem suffers from a lack of differentiation, compounded by an opaque and confusing web of markups and fees.
  Topics: service, pricing, restaurant, techcrunch, apps, data, fee, fees, restaurants, hidden, delivery, cost, food.
• Understanding eBay Selling Fees (Benefits + Challenges) - In the second quarter of 2019, eBay reached 182 million active buyers worldwide, representing a 4% growth. While some users compare…
  Topics: ebay, seller, fee, listing, selling, shipping, return, fees, help, paypal, understanding.
• Video: Shopify Pricing and Fees - Shopify Free Trial | Full Shopify Review | Shopify Pricing Plans and Fees Subscribe to Our YouTube Channel Shopify Pricing Video Transcript INTRO Hi everyone, welcome back to our Ecommerce Platforms.com YouTube channel! I'm Tudor, and today we're diving into… Continue reading Video: Shopify Pricing and Fees
  Topics: advanced, plus, fees, video, transaction, features, shopify, lets, solution, pricing, store, plan.
• Walmart’s Flipkart to cover insurance for all sellers in India and waive additional fees - Walmart-owned Flipkart is exempting storage and cancellation fees for sellers on its marketplace and also providing them with insurance coverage as the top e-commerce platform in India looks to maintain cordial relationships with more than 300,000 sellers who are facing severe disruption amid an unprecedented rise in the spread of coronavirus infections in the South […]
  Topics: virus, techcrunch, nation, insurance, cover, sellers, india, walmarts, flipkart, fees, week, marketplace, indian, seller, additional, waive.
• What Merchants Should Know about ISOs - The pandemic-induced shift to online and contactless payments has been a boon for credit card providers and their sales agents. The industry depends on those agents, called "independent sales organizations." In this post, I will examine the role of ISOs.
  Topics: know, fees, best, sell, isos, services, merchants, payment, agents, merchant, iso.
• What Merchants Should Know about ‘Buy Now, Pay Later’ - "Buy now, pay later" allows consumers to purchase goods and pay in installments, similar to a credit card. Why is BNPL gaining popularity? I’ll answer that question and more in this post.
  Topics: pay, fees, cards, provider, fee, merchants, credit, later, buy, know, customer, providers, bnpl.
• Why eBay and Amazon Sellers Should Make WooCommerce Their New Home - If you have a successful storefront on eBay or Amazon, you might have thought about expanding to your own, standalone WooCommerce store. It may seem a bit overwhelming, especially after you’ve invested time and money into getting where you are right now. But it’s worth it. Yes, Amazon and eBay come with a host of […]
  Topics: existing, sellers, store, amazon, customers, product, send, fees, products, ebay, woocommerce.
• WooCommerce launches native WooCommerce Payments feature - WooCommerce, the e-commerce platform developed by Automattic, is improving the payment feature with a native solution called WooCommerce Payments. The payment feature is powered by Stripe. Compared to previous payment solutions on WooCommerce websites, it is fully integrated with the rest of the platform. In case you’re not familiar with Automattic, it is also the […]
  Topics: using, native, wordpress, launches, payments, websites, payment, techcrunch, fees, woocommerce, stripe, feature, theres.
• Zonos banks $69M to develop APIs for democratizing cross-border commerce - Zonos automatically classifies goods and calculates an accurate total landed cost on international transactions.
  Topics: need, reid, 69m, banks, cost, techcrunch, customers, trade, maclean, commerce, crossborder, develop, apis, zonos, democratizing, shipping, fees.