A common trend we are hearing during payment reviews are stories of businesses tied into the ecommerce platform Shopify for their payments, feeling they have no other options once they realise their fees are starting to rise dramatically on the back of increased sales. Of course, Shopify aren’t going to proactively make clients aware they have other options, particularly when their card processing fees can be “double” the cost of using other payment providers.
We’ve identified two key solutions for businesses using or considering Shopify:
Simple API Plug-in for Shopify: Switch payment processing within Shopify, potentially reducing costs by over 50%. Even with Shopify’s 3rd party surcharge, which ranges from 0.2%-2% (yes, they will charge for this, and this highlights how much revenue they look to earn on payments), savings can still be around £8,000 per £1m in sales.
Platform Flexibility (e.g., leaving Shopify): Migrating to a different platform offers even greater savings by eliminating Shopify’s surcharge, potentially increasing savings by a further £2,000+ annually.
Our partner offers an open eCommerce service, allowing multi-channel selling without being tied to one payment provider. Their mobile-first solution integrates with major online channels, boosting reach for businesses considering alternatives to Shopify. Their full-service offering includes fraud prevention tools such as 3DSecure and in house velocity checking, tokenisation, an extensive array of Merchant Acquirers and integration solutions, over 150 alternative payment methods, PCI-DSS Level 1 Certified cloud payment platform speed, providing peace of mind through their robust and reliable solution.
With the help of acceptcards®’ and our partners’ platform-agnostic approach, merchants can migrate from platforms like Shopify to more flexible, cost-effective solutions like WooCommerce, which can significantly benefit your customers.
You know how we work for you, we are here to give a free sense check of your clients’ Shopify setup (or other similar platforms) to show how they can break their chains, take control and increase profits. Get in touch to learn more.
