The Best Shopify Payment Alternative? Giving your customers a flawless shopping experience is important to creating a lasting impression on your customers. However, keeping your customers satisfied is no short order. One great place to start though is by using a payment gateway that is user-friendly. Customers often abandon carts if an online checkout isn’t both simple and secure. So what happens if a customer abandons their cart? Well, they may not return to your store, ultimately giving your competitors new customers.
The good news?
There are several Shopify payment solutions that are widely accepted that offer easy checkouts with simple solutions. In this blog post, we’ll discuss what we’ve found to be the best payment solution that can integrate with your Shopify store.
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Why do you need a Shopify payment solution?
Having an online store means you sell goods or services on an eCommerce platform. This means that instead of taking cash in-person like a brick and mortar retail store, you’ll need to accept payment through your online store. In order to do this, you’ll need a payment solution to give your customers the ability to pay for what you sell. These payment solutions authorize the funds being transferred from the customer to the seller in a secure and convenient way.
Simple right?
Deciding on which payment solution to use is where it can be tricky. There are several great options for merchants to choose from. But how do you know which payment solution is right for your business? After careful consideration and research we have found an all encompassing payment provider that offers exceptional service paired with the best support for your business and customers.
Redde Payments is a payment service provider that gives its customers the ability to accept payments online through their eCommerce store. This ability allows merchants to expand their audiences and stores, ultimately boosting sales and brand recognition. Redde has recently been named the “Best Payment Provider for Flat Rate Pricing” by Creditcards.com (2021). With added flexibility that other providers don’t have, Redde has been known to service all business types for less.
Why should you consider Redde as a payment alternative?
Depending on your business type, Shopify might not accept your business.
Your business type isn’t accepted
Shopify uses Stripe to accept their payments, which means there is a restricted list of business types that cannot use their platform. The most common businesses that Shopify’s payment platform won’t accept are cannabis related businesses, most high-risk categories, adult content, among many others. You can see the full restricted list here.
This means if your business falls into any of these categories you will need a payment alternative. Redde accepts the business types that Shopify’s payment platform can not accept. With Redde, these specific merchants can still use their Shopify store and successfully accept payments. Using simple and easy-to-setup integrations, you can give your shoppers the type of checkout experience they would enjoy.
You’re looking for better pricing
Redde Payments boasts about it’s competitive pricing simply because their pricing is generally preferred. If you’re a merchant that sells CBD products please consider checking them out.
Their rates have been compared to many of the industries leading providers and they charge a fraction of the cost.
Outside of the cannabis space, Redde is still a great option. Unlike their competitors, their pricing is stated right on the homepage of their website, so no digging is necessary.
Transparency is very important to this particular provider, so unless you have specific questions you can find what you need on their site. Another great feature is their free statement analysis. If you want to see specifically how much they can save your business prior to switching, send them over a recent statement. They’ll send you a breakdown of how much you can save so you can determine what’s best for your business.
You’re looking for a smooth approval process
The payments industry is filled with competitors who offer automatic approvals. Automatic approvals are great for the low-risk merchant that takes 100% of their payments in-person. If that’s not you, then you might want to consider a process that isn’t automatic.
The downside of automatic approvals is that your account can be approved without underwriting reviewing it. This means you could be a restricted business type or a business that requires more due diligence and your account gets approved with no evaluation. Sure that might sound great, but the problem is every account will eventually go through underwriting. Once your
Pre-approved account goes through underwriting you have the chance to be officially declined. But what about all the sales you’ve run in the meantime? Well those providers will hold your funds for 180 days until they are released. Automatic approvals get you through the door to where you start processing with essentially a non-approved account. Some businesses might not experience any problems, but for those that do – you can expect to not see your funds for an extended period of time.
With Redde, you can enjoy the fast process from the automatic approval process by filling out an application completely online. No need to talk to salespeople to see the fine print in order to move forward. Once this application is completed it will automatically go to underwriting. That way once your account is approved, it’s approved. No hiccups or false approvals!
You are a startup
Startups have the hardest time getting their accounts approved (especially for CBD/supplement merchants). Reason being, is that in order for a payment provider to access how much risk your business has they generally want to see prior processing history. Startups typically don’t have prior processing experience so the payment provider might be hesitant to approve an account to someone they can’t determine their potential risk.
With Redde, they are startup friendly. They accept startups even those that are considered riskier business types. This gives smaller merchants the opportunity to process payments, helping jump-start their success.
Conclusion
Finding the right payment provider can be tricky depending on your business needs and type. We’ve found Redde to be the best all-around payment provider that easily integrates into Shopify. They provide easy-to-use solutions, all around great support and transparency. If you’re a new business or if you sell products that might be seen as high-risk, then this payment provider is right for you.
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