WooCommerce Payments: What You Need To Know To Get Started
WooCommerce Payments is a white-label integration of Stripe designed to work smoothly with WooCommerce. Find out how to integrate WooCommerce Payments into your online store.
If you’re looking to take credit card payments through your WooCommerce store, WooCommerce Payments offers a ready-made solution. WooCommerce Payments allows businesses to accept payments and monitor sales activity through their store’s dashboard.
Below, we’ll take a closer look at WooCommerce Payments, how it works, and whether it’s a good fit for your payment processing needs.
Table of Contents
What Is WooCommerce Payments?
WooCommerce Payments is a plug-in integration for WooCommerce stores. It allows customers to securely pay for items with credit cards, debit cards, and other payment methods without leaving the WooCommerce store.
As a first-party integration, WooCommerce Payments is fully compatible with WooCommerce and WordPress, making it an easy payment processing solution for WooCommerce businesses.
WooCommerce Payments VS Stripe: Is WooCommerce Payments The Same Thing As Stripe?
WooCommerce Payments is a white-label integration of Stripe, a popular payment processing platform that specializes in eCommerce. Transaction fees for WooCommerce Payments are the same as those of a basic Stripe account.
That said, WooCommerce Payments should be thought of as a specific configuration of Stripe. Integrations like WooCommerce Payments take a lot of the complexity out of setting up Stripe, which, although highly versatile and customizable, requires a decent amount of coding to get up and running on its own.
Like Stripe, WooCommerce Payments is a third-party processor, which makes it unsuitable for high-risk businesses.
What Payment Methods Can WooCommerce Payments Accept?
Like the Stripe architecture it’s built on, WooCommerce Payments can process a wide variety of payment methods. These include:
- Credit cards
- Debit cards
- ACH payments
- Apple Pay
- Google Pay
- Click to Pay
Additionally, WooCommerce Payments can also accept a large number of international payment methods. These transactions will incur additional fees, however (see below).
How Much Does WooCommerce Payments Cost?
WooCommerce Payments transactions are priced as follows:
- 2.9% + $0.30 per online transaction for U.S.-issued cards (+1.5% for cards issued outside of the U.S.)
- 2.6% + $0.10 per in-person transaction (+1.5% for cards issued outside of the U.S.)
International payment methods incur an additional 1% fee, plus an additional 1% if currency conversion is needed.
There’s no monthly fee for using WooCommerce Payments. Additional fees include:
- $15 per dispute (refunded if you win the dispute)
- $1 active device fee per month for in-person terminals (active means at least one authorization that month)
- 1.5% charge for instant deposits
- 1% charge on WooCommerce recurring payments
How To Use WooCommerce Payments
Let’s walk through how to set up WooCommerce Payments.
Is It Possible To Take Recurring Payments Through WooCommerce Payments?
WooCommerce Payments does support recurring and subscription payments, making it an excellent choice for businesses that charge the same customers on a monthly or annual basis. Recurring WooCommerce Payments cost an additional 1% fee to process.
Alternatives To WooCommerce Payments
WooCommerce Payments is arguably the most convenient way to start taking payments through your WooCommerce store, but it’s not the only way. Here are some alternatives to WooCommerce Payments and how they compare.
Final Thoughts: Is WooCommerce Payments Right For Your Business?
WooCommerce Payments is an excellent payment processing plugin that is custom designed to work seamlessly with your WooCommerce store. Low-risk businesses that do the majority of their sales online should find WooCommerce Payments to be a powerful payment processing option that meets most of their needs.