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Is there a huge difference between payment providers?

Is there a huge difference between payment providers?

propel
Excursionist
33 0 6

Hi

 

I'm currently planning to use  Paymentwall but also trying to check other payment providers. 

 

Though my target market is the US, my business location is in Korea. So a lot of payment providers such as Shopify payment are not available. 

 

But still, comparing and asking multiple companies is time-consuming. So I wonder if there is a huge difference between payment providers in the aspect of fees for transactions, remittances, etc. If there are not many differences, my be I would just choose to use Paymentwall for a while.

 

Currently, I found that fees for the Paymentwall are as follows.

-Transaction fee: about 4%

-Remittance fee: $40

 

Or if you recommend other payment providers that are available in Korea, it would be helpful

 

Thank you in advance.

 

 

Reply 1 (1)

colipeb
Visitor
1 0 1

Stripe is available now with Easy.Pie for Shopify, if you have a Stripe US account you can accept wallets (Kakao Pay, Naver Pay, Samsung Pay, PayCo) and all local cards in South Korea in KRW without a local entity.

In KRW, it also supports credit debit cards like Visa Matercard etc., Apple Pay and Goole Pay.

 

Also supports multi-currency. So, for example: while your default currency is KRW, it allows you to accept payments in USD using fixed exchange rates for new markets (countries) that you add in the Shopify Markets settings.

 

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