This newly added payment gateway partner may save you thousands in fees thanks to their codeless integration to the Wix platform in India.
If you have been running an e-commerce business in India using the Wix platform, you may have been bound to only one payment gateway provider offering all payment options like UPI, Cards, Netbanking, Wallets, etc. for accepting payments in India.
While you could choose between PayU India and Razorpay for accepting domestic payments, only the latter offers the full fleet of payment methods that are familiar to online shoppers in India. PayU does offer similar payment methods as Razorpay but currently only offers Debit/Credit cards with the Wix-integrated app. Hence, the majority of e-commerce businesses may choose to utilize Razorpay to accept payments in multiple ways.
Quick Brief of the Previously Available Payment Providers:
PayU India is one of the earliest payment gateway providers that were available to Wix users in India. It is a codeless and easy-to-setup solution to accept online payments. Unfortunately, it is also limited to only accepting credit and debit cards*. This is possibly due to Wix being an international website building company and not being familiar with other payment methods available in India.
Pro:
Easy-to-setup Solution
Accepts Domestic Payments
Low Fees*
No One-time Setup Fee*
No Maintenance Charges*
Collect Payments without Redirection
Cons:
Only Accepts Debit/Credit Cards for Wix*
(*At the time of writing this blog)
Razorpay India is the first payment gateway provider that offered multiple payment methods like UPI, Cards, Netbanking, Wallets, etc. to Wix users in India. Similar to PayUBiz, it was a codeless and easy-to-setup solution.
Pro:
Easy-to-setup Solution
Accepts Domestic Payments via UPI, Cards, Netbanking, Wallets, etc.
Low Fees*
No One-time Setup Fee*
No Maintenance Charges*
Cons:
Redirects to Collect Payments*
Not the lowest fees in the market*
(*At the time of writing this blog)
Paypal is the most widely used payment gateway provider that accepts International payments. Similar to the other options, it was a codeless and easy-to-setup solution. However, this option is best utilized for Wix users running international businesses, for example, a Dropshipping business.
Pro:
Easy-to-setup Solution
Accepts International Payments
No One-time Setup Fee*
No Maintenance Charges*
Cons:
Only Accepts Payments in USD*
Redirects to Collect Payments*
High Transaction Fees
(*At the time of writing this blog)
The Latest Payment Gateway Introduced:
Cashfree Payments is a payment gateway provider that offers the lowest payment gateway charges in India*. Similar to the other options, it was a codeless and easy-to-setup solution. This option is best utilized for Wix users running growing businesses that want to save on gateway charges/fees.
Pro:
Easy-to-setup Solution
Accepts Domestic Payments via UPI, Cards, Netbanking, Wallets, etc.
Lowest Fees in the Market*
No One-time Setup Fee*
No Maintenance Charges*
Cons:
Redirects to Collect Payments*
(*At the time of writing this blog)
Potential Savings by Switching to Cashfree Payments:
Cashfree Payments is the payment gateway provider that is currently offering the lowest* payment gateway fees in India. While other payment gateways charge on average a 2% fee for a domestic card transaction, Cashfree charges a lower, 1.90% for the same. This can save your business, potentially thousands in domestic payment gateway fees.
All the payment providers mentioned in this blog provide similar security, payment and other solutions for your e-commerce business to grow and collect payments smoothly. However, when it comes down to certain fees, the small difference in numbers can quickly add up to save you and your business more.
(*At the time of writing this blog)
Conclusion:
You are no more limited to only one payment gateway provider on Wix in India. Each of these payment facilitators come with their own benefits depending on your online business needs. Many are also offering various discounts on some payment methods and/or small perks to keep up with their competition. All these will eventually benefit you, the business/brand behind amazing Indian e-commerce sites built on Wix.
Do you think a few of the top payment gateway providers in India are enough for the Wix platform in India? Or do you think we need more options to choose from? Name the payment gateway providers you believe should be available on Wix in the comments below!
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