Hi, I just started my store yesterday and am only using Paypal Express Checkout as the main payment method. I live in South Korea, where Stripe is not supported. I have the option of using Paypal Express Checkout, 2checkout, Asiabill, and Sezzle.
Currently, I am experiencing more than 70% of "initiated checkout" customers not converting. It could possibly be due to other reasons, but since some of them contacted via email asking for other option for payment, I want to add another payment method.
I went through 2checkout approval process, but they declined since my product, beauty-and-health-related, goes against their legally accepted product list. I am mostly focusing on the health products so 2checkout could be an option later for some kind of a smartphone case store, but not for the store I run currently.
I googled some of the other methods, such as adding Paymentwall as an "Alternative payments", but they have horrible reviews on TrustPilot. And they have crazy fees of 3.9% + $.30 per transaction. And Asiabill does not even have the proper English page.
So my question is, what could be the best choice for the store that has the following problems?
Has anyone used alternative payment methods like Paymentwall before?
Did you get feedback on this question? I have the same topic. I have addressed it to Shopify so if I have feedback I will let you know.
Are you selling your products with USD or KRW? Does this have an implementation? as I see this statement below on Shopify.
You should review any potential legal or tax implications involved with selling in a currency that is different from the one associated with the country where your store is located.
Another user was rejected by 2checkout as his beauty products were unchecked/tested products from Korea to USA, but it looks like its all...