Wix Payments, A Simple Review

So, you are considering Wix Payments.

You’ll be wondering if it’s a good choice for you, if its feature set compares well to other options on the market, and if it is priced affordably enough for what you get.

This article will break all that down for you and more. 

Plus, at the end of the article you’ll find links to alternatives to Wix Payments as well as our top picks for the options in this category.

Or, just go straight to Our top picks for Best Payment Processing Companies(Link it)

Without further ado, let’s get started.

Wix Payments Features

Wix Payments is a comprehensive solution designed to streamline online transactions for businesses of all sizes. Offering flexibility, security, and seamless integration with Wix’s robust platform, it ensures your customers can pay with ease, while you manage everything from one convenient dashboard. Let’s explore the features that make Wix Payments a standout choice for online businesses.

Payment Flexibility Galore

Wix Payments lets your customers pay however they prefer. Whether they’re fans of traditional credit and debit cards (like Visa, Mastercard, and Amex) or digital wallets such as Apple Pay and Google Pay, Wix Payments has got it covered. Plus, it supports Tap to Pay on iPhone and Android, offering a truly versatile payment experience. This flexibility ensures you can cater to a broad audience, enhancing the customer experience and boosting sales.

One-Time and Recurring Payments

Need to set up subscriptions or memberships? No problem! Wix Payments makes it easy to offer both one-time and recurring payments. Your customers can pay as they go, making it perfect for gyms, clubs, or any business that thrives on repeat customers. With the ability to automate these payments, you ensure consistent revenue and reduce the hassle of manual billing.

Seamless Checkout Experience

Nobody likes a clunky checkout process. With Wix Payments, your checkout is optimized for all devices, so customers can easily complete their purchases whether they’re on a smartphone, tablet, or desktop. This smooth experience helps reduce cart abandonment and boosts your sales. A user-friendly checkout is crucial for converting visitors into paying customers, and Wix Payments nails it.

Integrated Payment Dashboard

Managing your transactions has never been easier. Wix Payments offers an integrated dashboard where you can review payments, handle refunds, manage chargebacks, and schedule payouts—all from one place. It’s like having your own financial command center. This centralized management tool saves you time and effort, allowing you to focus more on growing your business rather than getting bogged down in administrative tasks.

Built-in Security and Compliance

Worried about security? Wix Payments has you covered with PCI-compliant payment processing, HTTPS/TLS data encryption, and AI-driven fraud protection. This means your customers’ data is safe, and you can rest easy knowing your transactions are secure. The built-in 3D Secure 2 authentication for EU card payments adds an extra layer of protection, ensuring that both you and your customers are shielded from fraud.

Competitive Processing Fees

Wix Payments offers transparent and competitive processing fees, ensuring you get the most value for your money. With fixed fees for all credit cards, you can easily predict your costs and manage your finances better. There are no hidden charges, and Wix doesn’t levy additional fees for processing refunds or chargebacks, making it a cost-effective choice for your business.

Wix Point of Sale (POS)

Get paid wherever you sell—online and in person. Manage your inventory, sales, payments, analytics, and more with Wix POS. Currently, Wix POS is available to Wix Merchants based in the U.S. and Canada only. This feature integrates seamlessly with your online store, allowing you to unify your sales channels and manage your business operations from one platform.

Built-in Dispute Tool

Quickly handle and respond to chargebacks with Wix’s built-in dispute tool. This convenient feature allows you to monitor, accept, and dispute chargebacks right from your dashboard. Effective chargeback management helps you maintain a healthy cash flow and avoid unnecessary losses, ensuring your business runs smoothly even when disputes arise.

Wix Payments combines flexibility, security, and efficiency, making it an excellent choice for businesses looking to streamline their payment processes. With its range of features designed to enhance the customer experience and simplify transaction management, Wix Payments stands out as a top-tier payment solution for online businesses.

Wix Payments Pricing

Wix Payments makes it easy to understand their pricing, so you’re never caught off guard. For credit/debit cards, Apple Pay, and Google Pay, you’ll pay 2.9% + $0.30 per transaction. If you’re using Wix POS, the rate drops to 2.6% with no extra cents.

Tap to Pay on mobile also costs 2.6% + $0.20. Manually entered cards are a bit higher at 3.5% + $0.30. Options like Afterpay and Affirm have a fee of 6% + $0.30 per transaction. Refunds stick with the original processing fee, and chargebacks might cost you $15. It’s straightforward and clear, letting you focus on growing your business without worrying about hidden fees.

Wix Payments Discounts and Coupons

Currently, Wix Payments doesn’t offer specific discounts or coupon codes. However, the transparent and competitive pricing structure ensures that you get great value for your money. Keep an eye on their website for any future promotions or special offers that might help you save even more while managing your business payments.

Wix Payments Free Trial

Wix Payments offers a straightforward setup with no free trial needed. You can integrate it seamlessly into your Wix website and start accepting payments without any upfront costs. Enjoy the convenience of a comprehensive payment solution with competitive transaction fees right from the start.

Wix Payments, A Short How-To Guide

Setting up Wix Payments is a breeze with this comprehensive checklist. Follow these steps to get your account up and running, and start accepting payments seamlessly on your Wix site.

1. Check if Your Business and Location Are Supported

First, ensure that your business type and location are supported by Wix Payments. This is crucial to guarantee smooth setup and operations.

2. Complete Your Account Setup

Fill in all required details to set up your Wix Payments account. This includes providing personal and business information as needed.

3. Upgrade to a Premium Account and Publish Your Website

To use Wix Payments, you need to have a Premium Wix account. Upgrade your account and publish your website to proceed with the payment setup.

4. Add Your Business Name

Clearly define and add your business name. This will be displayed on customer receipts and transactions.

5. Include Your Business Info

Provide comprehensive business information, including address, contact details, and business type. This helps in the verification process and ensures compliance with regulatory requirements.

6. Write Clear, Detailed Descriptions

Ensure your product or service descriptions are clear and detailed. This not only helps in SEO but also provides transparency to your customers.

7. Define Your Terms & Conditions

Clearly outline your business terms and conditions. This includes payment terms, return policies, and service agreements.

8. Add Essential Policies

Include all essential policies such as privacy policy, shipping policy, and refund policy. This builds trust with your customers and complies with legal requirements.

9. Update Your Statement Descriptor

Customize your statement descriptor to ensure that customers recognize charges from your business on their credit card statements. This helps reduce chargebacks and disputes.

10. Test Your Checkout Flow

Before going live, thoroughly test your checkout process to ensure everything works smoothly. Check for any glitches or issues that could hinder the payment process.

Once these steps are completed, your site can start accepting payments. However, remember that your Wix Payments account needs to be verified before you can receive payouts to your bank account. It’s advisable to wait until your account is approved before fulfilling orders or providing services to avoid any refunds in case of verification issues.

By following this step-by-step guide, you’ll ensure a smooth and efficient setup for Wix Payments, allowing you to manage and grow your business effortlessly.