Ecommerce platform users Adobe will soon be able to accept and process payments, as the company plans to add servicespayment services to Adobe Commerce later this year.
By adding payment services to Adobe Commerce, merchants of all sizes will have access to an integrated payment solution that they can easily manage from their Adobe Commerce administration settings instead of having to rely on third-party payment gateways .
Payment services for Adobe Commerce will be powered by PayPal Commerce Platform and Adobe merchants in the United States will be able to use them by the end of this year, with support for additional territories including Canada, 'Australia and Western Europe, scheduled for next year.
Vice President of Adobe Experience Cloud Product and Strategy at Adobe, Amit Ahuja provided further insight into the extended e-commerce offering of the company in a press release , saying:
" In the economy Today's rapidly evolving digital environment, organizations demand flexibility and scalability in their commerce platform to support business growth and deliver seamless experiences to their customers. adding payment services, we are excited to extend our already robust set of out-of-the-box commerce features to help Adobe Commerce merchants compete effectively and win inthe digital economy.
Payment services for Adobe Commerce
With payment services for Adobe Commerce, merchants will be able to accept a a number of common payment methods including credit and debit cards, PayPal, and Venmo to provide a better payment experience to their customers.
It should be noted that merchants will also be able to offer the PayPal option buy now, pay later Pay 4 in their windows. This will likely help drive traffic to their storefronts, as buy-now, check-out service usage increased 88% in the first half of this year, according to the Adobe Digital Economy Index . Merchants will also be able to take advantage of PayPal's support for cryptocurrency transactions and local payment methods in the future.
Adobe Commerce payment services will also offer comprehensive reporting capabilities to provide merchants with a clear view of orders and payments in their storefront, including details on processed volume, payment balance and transaction-level reporting for financial reconciliation. This will help merchants better run their business and more effectively detect anomalies in ordering and after-sales flows.
Payment services for Adobe Commerce will provide merchants with access to convenient and competitive rates for transactions with tariffsPhased in based on processing volume.
We'll likely know more about payment services for Adobe Commerce ahead of its planned US launch in Q4 2021.