When it comes to accepting payments, the more methods you can support, the better. Some payment gateways are more popular in specific geographical locations.
For example, in 2020, digital or mobile wallets accounted for 60 percent of ecommerce transactions in the Asia Pacific Region. However, this payment method amounted to only 20 percent in Latin America.
By supporting as many different payment methods as possible, you can maximize your appeal. Fortunately, WooCommerce and Shopify both support multiple payment gateways. Unless your customers use a very niche payment method, you shouldn’t have an issue regardless of which platform you choose.
WooCommerce supports all the major gateways, including Stripe, PayPal, Square, and Authorize.Net. It also supports plenty of regional gateways. These include the PencePay processor, which focuses on emerging markets.
Just be aware that some of these gateways require you to purchase an additional WooCommerce extension:
Shopify has its own payment gateway that requires zero configuration. If you use Shopify Payments, you won’t be charged transaction fees.
Shopify also supports a wide range of external payment gateways. However, there is a significant downside: the platform charges additional fees for using these gateways.
This fee is 2 percent, 1 percent, or 0.5 percent for the Basic Shopify, Shopify, and Advanced Shopify plans, respectively. For this reason, if you opt for Shopify, you may want to consider using its payment gateway.
WooCommerce also has its own payment gateway that incurs additional costs. However, it doesn’t charge a fee for using external gateways. It means that you’ll only be charged transaction fees by your bank or your chosen gateway.