Card payment processing is an essential part of any e-commerce business, and WordPress Woocommerce websites are no exception. Having a reliable and secure payment gateway is crucial for the success of an online store, as it allows customers to make purchases with confidence. In this blog post, we will discuss the various options available for card payment processing on WordPress Woocommerce websites, and compare the transaction rates of two popular payment gateways: PayPal Merchant and Stripe. We will also provide a summary of the E-Commerce Grant Scheme financed by Business Enhance in Malta.
Card Payment Processing Options for WordPress Woocommerce Websites
There are several options available for card payment processing on WordPress Woocommerce websites. Some of the most popular ones include:
- PayPal: PayPal is a well-known and trusted payment gateway that is widely used by e-commerce businesses. It is easy to set up and use, and offers a variety of features, such as the ability to accept credit and debit card payments, as well as PayPal payments.
- Stripe: Stripe is another popular payment gateway that is commonly used by e-commerce businesses. It is known for its user-friendly interface and customizable options, such as the ability to set up recurring payments and subscriptions.
- Authorize.net: Authorize.net is a payment gateway that is known for its security and reliability. It offers a variety of features, such as fraud detection and prevention, as well as the ability to accept a wide range of payment methods.
- Braintree: Braintree is a payment gateway that is owned by PayPal and offers similar features to PayPal and Stripe. It is known for its easy integration with e-commerce platforms, such as WooCommerce.
Transaction Rates Comparison between PayPal and Stripe for Malta
When comparing the transaction rates of different payment gateways, it is important to consider the fees that are charged for each transaction. The following table compares the transaction rates of PayPal Merchant and Stripe in euros:
|Payment Gateway||Transaction Rate|
|PayPal Merchant||2.9% + €0.35|
|Stripe||2.9% + €0.25|
As you can see, both PayPal Merchant and Stripe charge a transaction rate of 2.9%, with a small difference in the fixed fee charged per transaction. It is important to note that these rates may vary depending on the country in which the payment is being processed and the type of card being used. However it is our recommendation that any ecommerce website should support both payment methods to allow customers easy of payment through your website.
Malta Ecommerce Grant Scheme
The E-Commerce Grant Scheme is a financing program that is offered by Business Enhance in Malta. It is designed to support e-commerce businesses in Malta by providing grants to cover the costs of setting up and operating an online store. The grant covers a wide range of expenses, including website development, search engine optimization (SEO), marketing, and training. The grant is open to businesses of all sizes, from small startups to established enterprises offering a maximum grant of €5,000, part-financing up to 50% of eligible expenditure. We, CB Creators, are registered service providers for this scheme who are here to help you setup and operate your online store in Malta.