A payment system is one of the most critical components of any online store. It directly affects conversion rates, customer trust, and your ability to sell both locally and internationally. Below is a practical overview of the main payment solutions used in modern e-commerce.
1. International Payment Systems
- Support for Visa, MasterCard and digital wallets
- High trust level among international customers
- Easy integration via APIs and ready-made CMS modules
- Best suited for cross-border and digital sales
2. Bank Acquiring (Direct Card Payments)
- Direct contracts with local or international banks
- Lower fees at higher transaction volumes
- Mandatory 3-D Secure support
- High stability and predictable payouts
3. Payment Aggregators (All-in-One Solutions)
- Multiple payment methods under one contract
- Cards, bank transfers, Apple Pay, Google Pay
- Often include BNPL (Buy Now, Pay Later)
- Popular choice for EU-based online stores
4. Local Payment Methods
- Bank links and instant transfers
- Invoice-based payments
- Higher trust among local customers
- Limited scalability outside one country
5. Alternative and Crypto Payments
- Lower transaction fees
- No chargebacks
- Suitable for niche or tech-oriented audiences
- Usually offered as an additional option
How to Choose the Right Payment System
- Your target market and geography
- Average order value and sales volume
- Accounting, VAT and legal requirements
- CMS compatibility and technical support
💡 Best Practice
Most successful online stores use a combination of payment systems: bank acquiring + payment aggregator + PayPal or wallet payments. This approach maximizes conversion and customer convenience.
💼 How SOLLER.LV Can Help
- Payment system selection and comparison
- Integration for PrestaShop, WooCommerce and Joomla
- EU compliance and checkout optimization
From €36.30 per task or included in support plans.
📧 info@soller.lv |