When it comes to payment channels for drop shipping, there are numerous possibilities.
Which one is right for you? What are the best combos to use?
This article will go through some of the finest drop shipping combinations for beginners.
We will also provide you with some pointers on how to select the best gateway combination for your company. Let\’s get this party started!
Drop shipping payment gateway combinations that work best
Because each payment gateway has advantages and downsides, it makes sense to utilize a combination of the two.
What exactly is a payment gateway?
A payment gateway is a service that enables companies to collect payments from clients.
The gateway allows money transfers between the client and the merchant; in other words, it will deduct the amount from the customer\’s credit card and deposit it into your bank account.
The following are the finest combos, to begin with:
PayPal and 2Checkout
There are various reasons why using 2Checkout and PayPal as payment gateways combined can be helpful for a drop shipping business.
First and foremost, 2Checkout is an all-in-one payment processing solution that allows businesses to accept payments from clients in over 200 countries.
This makes it an excellent choice for firms looking to market their products or services on a global scale.
Furthermore, 2Checkout is a PCI Level 1 certified payment processor, which means it adheres to the most stringent security standards in the payments industry.
Another reason why using 2Checkout and PayPal together can be advantageous for a drop shipping business is that it gives additional fraud protection.
PayPal is one of the world\’s largest online payment processors, with a high level of consumer trust.
If you use PayPal to process your purchases, not only do your customers know they can pay with confidence since their information is secure, but if there is ever a dispute, PayPal\’s buyer protection ensures that the client will either receive a complete refund or their product will be shipped.
2Checkout operates in a similar manner, providing you and your clients with peace of mind with its array of security measures.
PayPal and Stripe
Because their target markets vary, several drop shipping businesses employ both PayPal and Stripe.
For example, an ecommerce company may opt to utilize PayPal for European customers who are less comfortable entering credit card information online, while using Stripe for American customers who are accustomed to paying with credit or debit cards via mobile devices or tablets.
And by doing so, businesses can take advantage of each payment provider\’s offering (PayPal\’s capabilities such as recurring payments and subscription billing are more suitable for ecommerce stores).
Because both Stripe and PayPal provide competitive benefits, it\’s a good idea to utilize both together, even if your drop shipping firm is new.
Skrill and 2Checkout
There are several reasons why using both 2Checkout and Skrill as payment gateways for a drop shipping business may be advantageous.
First, 2Checkout is fantastic for receiving payments from clients all around the world, whilst Skrill is great for swiftly and simply processing payments.
Second, combining both gateways might provide your clients with a smoother checkout experience.
Finally, employing both gateways together can help you save money on processing fees. The reason for this is that Skrill charges cheaper transaction costs than other payment gateways.
PayPal and Authorize.net
There are numerous reasons why a drop shipping firm should use Authorize.net and PayPal as payment gateways in tandem.
Using both gateways, for example, allows merchants to take payments from clients all over the world.
Furthermore, Authorize.net is a well-known payment gateway that provides a variety of features and benefits, including fraud prevention and the option to accept recurring payments.
Because PayPal is one of the most common payment options for online shoppers, using both gateways can help enhance your company\’s sales and earnings.