Paymentwall is now one of the official payment gateways provided by WooCommerce.
Paymentwall is now available on WooThemes under a recent partnership between the payments service provider and WooCommerce. For online businesses using WooCommerce, this means they can easily install Paymentwall’s payment plugin and take advantage of global payments coverage for their shops. With the payment plugin, they will be able to accept credit cards, as well as over 135 alternative payment methods worldwide, such as mobile payments, e-wallets (Alipay, Webmoney), prepaid solutions (Paysafecard, Boleto), bank transfers (iDeal, Tenpay, Sofort), and many more.
“Paymentwall will now become more accessible for WooCommerce shops that are looking for a payment gateway,” said Marzia Marziali, platform partnership manager of Paymentwall. “Online store owners will now be able to expand their reach worldwide through Paymentwall’s global payments coverage.”
About 2.5 billion of adults worldwide do not use banks to manage their finances, according to a study done by McKinsey & Company. Compare this with the number of smartphone users around the world, which is expected to reach over 2 billion this year. These numbers present a potentially large market that online store owners can maximize by being able to provide alternative payment methods, especially in regions where the use of credit cards or banks are not common. Through Paymentwall, they will be able to reach users that are more comfortable paying with e-wallets, prepaid solutions, mobile devices or other local payment methods.
Currently, 30% of online stores use WooCommerce for selling both physical and digital goods. With a broad user base, WooCommerce works hard to make sure that its clients have the tools needed to run their business, such as geolocation support for tax calculations and inventory management. By including Paymentwall in its payment gateways, WooCommerce will be able to improve its platform for its online store owners around the world.
Aside from providing global payments coverage, Paymentwall brings added security to users of WooCommerce. The payments service provider is PCI-DSS Level 1 Compliant, and it has developed in-house solutions for risk management and fraud protection. It also has a 24/7 merchant and end-user support, to help online store owners promptly address concerns. WooCommerce merchants can avail all of these for free.
With the partnership between Paymentwall and WooCommerce, online shop owners will be able to scale their business while improving their day-to-day operations. Through Paymentwall, WooCommerce provides online store owners the opportunity to sell everything with no hassle.
Paymentwall for Woocommerce extension can be found here:
https://www.woothemes.com/products/payment-wall/
About Paymentwall (paymentwall.com)
Paymentwall Inc. is the leading global payment and content distribution platform for a wide range of digital goods and online services. Paymentwall partnered with over 140 payment option providers worldwide to offer global payments coverage for users in more than 200 countries with credit and debit cards, mobile payments, e-wallets, bank transfers and prepaid cards. Paymentwall is headquartered in San Francisco, USA with 10 more offices around the globe.
About WooCommerce (woothemes.com)
WooCommerce is a widely-used e-commerce platform for online store owners using WordPress. The e-commerce solution can be used to sell both physical and digital goods online. Merchants using WooCommerce come from different regions worldwide, such as U.S., Australia, Asia and Africa. The platform itself is expandable, allowing online businesses and web developers to use different extensions to customize their shop according to the needs of their clients.