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. A secured payment gateway is used to handle the payment transfers between the merchant and the client. There are several accepted payment methods for online purchases in Poland, but online bank transfers always come out on top.
Poland has exceptional scope in the eCommerce industry and the digital marketplaces are growing faster than ever. It is the safest and most professional way to deal with online financial transactions. You are also going to use services such as PayPal, Square, and several others. However, it relies on the website’s design and web development. Also, 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.
Some Statistics about Payment Methods in Poland
- 41% are mobile payment providers with one-click checkout. In Poland, payment service providers include PayU, PayPal, DotPay, Przelewy24, Tap2Pay, and others.
- 35 per cent 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 per cent 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:
Recommended Read: Top 5 Payment Gateways for your eCommerce Store
1. Sofort
Sofort, also known as Pay Now, enables you to use your online banking information to make simple and convenient payments 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.
Recommended Read: Benefits of Having Multiple Payment Options on the Checkout Page
2.Przelewy24
Clients ofPrzelewy24, a Polish payment method aggregator, can carry out transactions electronically via bank transfers and other ways. Bank transfers account for 80-90 per cent 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 instant notification of the success or failure of a payment.
3. Blik
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.
4. Trustly
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.
Recommended Read: PrestaShop Preferred Delivery Time Addon
5. PayPo
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.
6. PayU
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.
7. PayPal
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 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.
PrestaShop One Page Checkout is Compatible with Popular Payment Gateways of Poland
Would you like to add a custom payment method on the eCommerce checkout page? Bank transfers currently make up 50% of all e-commerce transactions in Poland, where they are the most popular payment option 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.
Give a Better Checkout Experience to Your Users
It will be good to show cart details, product images, and product prices 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.
Recommended Read: Different Types of Payment Methods in eCommerce
Key Features of One Page Checkout Module:
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 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:
The PrestaShop One Page Checkout supports almost all payment options, allowing the consumer to select one for their transaction.
Blik, PayPal, Boleto, PayU, Stripe, Sage Pay, Mobilpay, Ogone, Pago Facil, ePay, ccAvenue, Quickpay, Firstdata, Paysera, Braintree, Moneybookers, Mercado Pago, Redsys, 2Checkout, etc.
Recommended Read: Mobile Wallet/Digital Wallet vs Credit Card/Debit Card
Compatible with 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.
To increase the profitability of their business, every store owner wants to give their customers a simple and quick shopping experience. Checkout became the focal point of this procedure. 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.
PrestaShop One Page Checkout Addons
OpenCart One Page Checkout Pro Extensions
Magento 2 One Page Checkout Extensions
The One Page Checkout alternatives lessen the clients’ additional work. It enables them to finish the checkout process on a single page, lowering the rate of cart abandonment. Social login is the best feature of the one checkout plugin. Users can utilise this functionality to log in using their Google or Facebook accounts.
Wrap Up:
Payment gateways are the most important element of any eCommerce website. Additionally, a correct payment gateway will enormously improve the growth of e-commerce businesses. However, to ensure safe and secured checkout, you require a user-friendly payment gateway that supports multiple payment methods. Moreover, Limited payment options are one of the factors contributing to greater checkout page bounce rates and cart abandonment rates compared to other website pages.
One-Page Checkout Module is a one-stop solution to increase conversion with a decrease in abandoned cart rate. So, give it a try and choose your payment methods wisely!
