If you are running an online store, accepting payments is one of the crucial components. While there are different payment gateways in the market, those who already use Wix as their website builder and CMS solution will be thrilled to consider Wix Payments as their payment gateway.
Wix Payments is a service that enables Wix users to accept payments online. It is integrated with the Wix platform, so users can easily add it to their website or online store. You can manage your finances, like payouts, refunds, and chargebacks, right from the dashboard.
It accepts all major credit and debit cards and provides a secure way to accept online payments. Payouts can be daily, weekly, or monthly. The service is free and easy to set up and comes with 24-hour dedicated support.
The service offers competitive rates and a range of features, such as the ability to offer flexible payments for memberships and subscriptions. Wix Payments is a convenient and cost-effective way for businesses to take payments online.
Wix Payments is an ideal solution for the following reasons:
However, the following are reasons why Wix Payments may not work for you:
You must be on Wix’s Business or eCommerce plan to use Wix Payments. It’s not available for other Wix plans. It’s free to set up, though, and they don’t charge additional fees for refunds and chargebacks.
Wix doesn’t charge transaction fees for Wix Payments or other payment processors. This is a significant factor since other online store builders, like Shopify, charge transaction fees unless you use Shopify Payments, their in-house payment gateway.
However, Wix Payments charges processing fees for credit and debit card payments. The fees are 2.9% of the transaction amount plus $0.30. This is the same for everyone, regardless of the card being processed. It’s a competitive rate that matches PayPal and Stripe’s charges.
After you’ve considered the pros and cons of Wix Payments and the transaction costs involved, it’s time to set it up in your store. Again, you have to be on the Business or eCommerce plan to have Wix Payments activated.
Wix Payments are ideal for online sellers who want the convenience of managing everything from one dashboard. If your customers already trust your brand, you can convince them to use Wix Payments and do away with other payment processors on your site. Otherwise, use Wix Payments with different payment gateways to avoid missing sales opportunities.
Wix Payments is an excellent add-on to any eCommerce store since it’s free to set up, has competitive processing charges, and gives your customers another choice at checkout. It’s a great tool to increase your sales while managing your costs.
Learn more about running efficient websites on Wix by following the Page Kits blog.
After conducting his fair share of research and gaining relevant experience, Gab put up Page Kits to help others who were in his position grow their e-commerce stores and thrive.