Adobe is adding payments service to its ecommerce platform

Date:
Wed, 15 Sep 2021 17:30:03 +0000

Description:
Payment Services for Adobe Commerce will allow merchants to accept payments using debit and credit cards, PayPal and Venmo.

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Users of Adobe's ecommerce platform will soon be able to accept and process payments as the company plans to add payment services to Adobe Commerce later this year.

By adding payment services to Adobe Commerce, merchants of all sizes will
have access to an integrated payment solution that they can easily manage
from their Adobe Commerce Admin settings as opposed to having to rely on third-party payment gateways .

Payment Services for Adobe Commerce will be powered by the PayPal Commerce Platform and Adobe merchants in the US will be able to use them by the end of this year with support for additional territories including Canada, Australia and Western Europe planned for next year. We've built a list of the best ecommerce platforms available today These are the best website builder solutions on the market Also check out our roundup of the best payment gateways

Vice president of Adobe Experience Cloud product and strategy at Adobe, Amit Ahuja provided further insight on the company's expanded ecommerce offering
in a press release , saying:

In todays fast-moving digital economy, organizations demand flexibility and extensibility in their commerce platform to sustain business growth and deliver seamless experiences for their customers. With the addition of
Payment Services, were thrilled to expand on our already robust
out-of-the-box commerce feature set to help Adobe Commerce merchants compete effectively and win in the digital-first economy. Payment Services for Adobe Commerce

With Payment Services for Adobe Commerce, merchants will be able to accept a number of popular payment methods including credit and debit cards, PayPal
and Venmo to provide an improved checkout experience for their customers.

It's worth noting that merchants will also be able to offer PayPal's buy now, pay later option Pay in 4 in their storefronts. This will likely help drive traffic to their storefronts as the use of buy now, pay later services grew
by 88 percent during the first half of this year according to the Adobe Digital Economy Index . Merchants will also be able to leverage PayPal's support for cryptocurrency transactions and local payment methods in the future.

Adobe Commerce's Payment Services will also offer comprehensive reporting capabilities to provide merchants with a clear view of the orders and
payments in their storefront including details about processed volume,
payment balance and transaction-level reporting for financial reconciliation. This will help merchants better run their businesses and spot anomalies in order placements and post-sales flows more efficiently.

Payment Services for Adobe Commerce will provide merchants with access to convenient and competitive pricing for transactions with tiered rates based
on processing volume.

We'll likely find out more about Payment Services for Adobe Commerce ahead of its planned US launch during the fourth quarter of 2021. We've also featured the best shopping cart software



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Link to news story: https://www.techradar.com/news/adobe-is-adding-payments-service-to-its-ecommer ce-platform/


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