Manage Payments Directly in the WooCommerce Dashboard

Written by Paul Maiorana on May 19, 2020 Blog, Product news, Sell Online.

Running your online store just got a little easier thanks to our new service, WooCommerce Payments: a payment processor, managed right in your WordPress dashboard.

Now everything you need to run your online store is in one place: One login, one customer service department, and one platform to learn.

WooCommerce Payments is also good for your bottom line. Customers can pay for products and services without leaving your site, which means more of them will complete their purchase. That’s a win for your business!

With WooCommerce Payments, you can: 

  • Manage deposits, refunds, and transactions within your dashboard.
  • Accept credit and debit cards directly on your site.
  • Benefit from a simple fee structure.
  • Receive funds in your bank account two days after a purchase.
  • Resolve disputes — use this guide to help.

For a smooth transition, there’s a test mode: confirm everything’s working properly before making the switch, and be confident that you’re not missing a single sale.  

Free to install, pay as you go

WooCommerce Payments has no setup charge and no monthly fees. You pay 2.9% + $0.30 for each transaction made with U.S.-issued credit or debit cards. For cards issued outside the U.S., there’s an additional 1% fee.

There is a $15 fee for each dispute, which is refunded if you win the dispute.

Receive payments within two days

The first deposit for new accounts has a seven-business-day waiting period. After that, WooCommerce Payments bundles daily revenue into a single deposit, which is automatically transferred to your bank account two business days later, so you’ll never need to log into an extra account to get your money.

For more information, see our FAQ on deposit schedules.

Add WooCommerce Payments

Follow the steps in our Start-up Guide and start enjoying secure payment processing, simplified payments management, and fewer abandoned carts.

* While WooCommerce supports CBD merchants, WooCommerce Payments cannot currently process CBD-related transactions. In the meantime, you can use Square to accept payments for CBD products with WooCommerce

** WooCommerce will support subscriptions (automatic recurring charges) in a future version. Vote to influence feature availability on the WooCommerce Ideas Board.

Get WooCommerce Payments

8 Responses

  1. David
    May 21, 2020 at 12:57 pm #

    How would one choose between this and Stripe?

    • Gareth
      May 22, 2020 at 2:49 pm #

      Hi David,

      Good question. I’d put forward the case for convenience and ease-of-use for both merchants AND customers: as Paul mentions, everything is under one roof with WooCommerce Payments.

      Deposits, refunds, and transactions are managed directly from your site’s dashboard, and customers can pay for products and services without being redirected off-site.

      Revenue is automatically transferred to a merchant’s bank account after two business days, meaning you’ll no longer need to log in to an extra account to get paid.

      Thanks for your comment!

  2. Robert
    May 21, 2020 at 9:10 pm #

    I love WOO, however this is NO different than Stripe or Paypal. If they want to enter the market they need to give a better offer, otherwise this will go nowhere.

    • Gareth
      May 22, 2020 at 2:38 pm #

      Hi Robert – thanks for your comment.

      We believe there are several great incentives for merchants to switch to WooCommerce Payments.

      Firstly, merchants won’t need to toggle between their store and a separate payment processor – they can manage transactions directly from their own dashboard. Super convenient, and a far more seamless experience.

      This experience will certainly be more convenient for customers. Instead of redirecting them to Stripe or PayPal, they can now make payments directly on-site. This should help lower cart abandonment too, which often occurs when shoppers are redirected.

      WooCommerce Payments also automatically transfers revenue into merchants’ bank accounts – no more logging into a third-party to manually deposit your earnings. That’s a pretty big win in my book. 🙂

      Hope this helps!

  3. Simon
    May 28, 2020 at 4:45 pm #

    Hi,

    Thank you for the information.

    But how compliant is it?

    Thanks in advance.

  4. Mario Gonzalez
    May 28, 2020 at 5:12 pm #

    When it would work in Europe, for EU Shops?

  5. jasonstum
    June 1, 2020 at 8:05 pm #

    Just got WooCommerce Payments set up on my website. There was zero friction to do so and took all of 5 minutes, and that included performing a test purchase.

    Previously I was only accepting payment via PayPal, and while that’s pretty much the standard payment processor that most consumers in my industry use, I still felt that with the total # of abandoned carts I see on a weekly basis that I might be losing some customers by not offering choice.

    Even though it says it on the checkout screen, if you’re not a PayPal user, you may not realize that you don’t have to have a PayPal account to make a credit card payment. So I’m hoping by having a more prominent “Enter Your Card Details” section on the checkout page, that will lead to more purchases.

    It’s also worth noting that after activating WooCommerce Payments, PayPal is still an option. A customer simply selects the PayPal radio button if that’s how they prefer to transact. There’s literally nothing to lose by adding managed payments to your website. The plug-in is free, it’s dead easy to set up, and you don’t have to choose between WC or PayPal — it all works together. /my2cents

    • Brent
      June 9, 2020 at 4:33 am #

      Thanks for sharing your experience @jasonstum!

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