Payment Gateways are a pathway that securely facilitates the payment process. The payment gateways process verifies and accepts or declines the payments using an assured internet connection. The payment transfers between the merchant and the customer are carried out through a secured payment gateway. In Poland, there are several payment methods authorized for eCommerce but online bank transfer is always on top.
Poland has exceptional scope in the eCommerce industry and the digital marketplaces are growing faster than ever. It is the safest and professional way to deal with online financial transactions. You are also going to use services such as PayPal, Square, and several others. It depends on the type of site being used and the web builder. It is vital that your customers’ data is safe, and you will also be able to pay yourself. It also enables the processing of refunds, returns, etc.
- 41% are mobile payment providers with one-click checkout. In Poland, payment service providers include PayU, PayPal, DotPay, Przelewy24, Tap2Pay, and others.
- 35 percent uses classic bank transactions. PKO BP, Bank Pekao, MBank, Santander Bank, and ING Bank Śląski are the top Polish banks.
- The third most common financial product is BLIK, used by 25% of shoppers.
- 16% of transactions are handled through debit card processing.
- 17 percent of mobile wallets are used for e-commerce.
Nowadays, when making online purchases, online shoppers are much more alert & aware even of data protection. Therefore, e-retail companies have to select the right ones to prevent some kind of further barrier to online payments and transactions. Let’s address in depth each one:
Sofort, also known as Pay Now, enables you to use your online banking information to make simple and convenient payment for your online purchases. The merchant receives confirmation of the transfer order in real-time and may promptly dispatch the goods or allow the download. Using your own safe online banking information ensures there is no need to share with the merchant any personal information or card numbers.
Przelewy24 is a payment method aggregator based in Poland that enables clients to complete transactions electronically using bank transfers and other methods. Bank transfers account for 80-90 percent of online payments in Poland, and with over 165 banks, Przelewy24 offers a way for customers to pay. To authenticate a payment, Przelewy24 redirects customers to their website and there is an instant notification of the success or failure of a payment.
Blik is Poland’s most common mobile form of payment. Embedded in banking applications, BLIK is a device covered by all major Polish banks. More than 90% of all clients of Polish financial institutions currently have the option to use BLIK in mobile banking applications.
You can accept payments, issue payouts, and access useful user insight data with Trustly. Fast activation and multi-currency functionality give you the power to extend your company with access to clients in Europe, Australia, Canada, and the US across borders.
PayPo in Poland is a ‘shop now-pay later’ form of payment. You can pick PayPo upon checkout as a shopper, and you pay for the products purchased later, interest-free.
The payment option for users in Poland is PayU (Poland). Among other items, the scope of payment services provided by PayU includes one-click payments, mobile payments in the store application, fully online payments, deferred payments (purchase now, pay later), renewable payments (subscription), electronic wallets such as Google Pay, Apple Pay, Click to Pay, MasterPass, and even BLIK.
The well-known digital wallet and online payment system are PayPal. PayPal is regarded as one of the safest and most reliable online payment methods these days. You get access to the full range of PayPal solutions in Poland, including withdrawing money into your personal banking account. Polish accounts do not have any restrictions. PayPal is also used in e-commerce as a means of payment for products and services on platforms/markets, in addition to sending and receiving payments, where traditional debit and credit cards are not accepted.
Would you like to add a custom payment method on the eCommerce checkout page? Currently, bank transfers are the most used payment method in Poland, accounting for 50 percent of all e-commerce transactions and EUR 5 billion in annual sales. It is expected that this method will rise at a compound annual growth rate of 8% by 2021, but the rapid increase in the number of cards as a payment alternative will dent the overall share of transactions carried out by bank transfers.
The One Page Checkout enables you to add endless payment methods. The PrestaShop One Page Checkout module is compatible with multiple payment methods of Poland like PayU, Stripe, PayPal, blik, Sofort, etc with the API integration. A default payment method can also be set. In addition, for every method of shipping, you can specify which payment methods would apply to it.
It will be good to show cart details, product image, and product price on the checkout page and give a similar experience to a physical store where customers can see all the product details. With One Page Checkout, customers can increase or decrease the product quantity at the checkout page.
It has various login options like social login with Google+, Facebook, or PayPal. Prestashop One Page Checkout page loads faster and increases the conversion rate. For Payment methods, you can add several payment gateways that are available in Poland and give your users a better customer experience.
Social Login and Guest Login: One Page Checkout module for PrestaShop has Social login functionality that requires the social handle details. Also, it supports guest checkout for the customers who do not like to spend time in the lengthy registration process.
Email integration: The One Page Checkout module has MailChimp, Klavio, and Sendinblue email integrations.
Abandoned Checkout Statistics: You can keep the track of abandoned carts and put your efforts into recovering those.
Supports all major payment methods: Almost all the payment methods are supported by PrestaShop One Page Checkout which allows the customer to choose a payment method for their purchase.
Blik, PayPal, Boleto, PayU, Stripe, Sage Pay, Mobilpay, Ogone, Pago Facil, ePay, ccAvenue, Quickpay, Firstdata, Paysera, Braintree, Moneybookers, Mercado Pago, Redsys, 2Checkout, etc.
Compatible for multiple shipping services: Streamlined checkout from PrestaShop is compatible with almost any shipping service.
Mondial Relay, So Colissimo, Ulozenka Delivery, Zasielkovn Delivery, LP Express 24 Delivery, InPost Paczkomaty, Zasilkovna, Webshipr, Paczka w Ruchuu, Poczta Polska (owppoczta), etc.
The One Page Checkout module is available for all the major eCommerce platforms. Click on the links below to see the demo on the KnowBand store and visit their product pages.
Payment gateways are the most important element of any eCommerce website. A correct payment gateway will enormously improve the growth of e-commerce businesses. To ensure safe and secured checkout, you require a user-friendly payment gateway that supports multiple payment methods. Checkout page bounce rate and cart abandonment rates are higher as compared to other website pages and one of the reasons is limited payment choice.
One-Page Checkout Module is a one-stop solution to increase conversion with a decrease in abandoned cart rate. Give it a try and choose your payment methods wisely!