External Payment Systems
When setting up your website to sell digital products, considering external payment systems can provide more flexibility and customization compared to built-in payment options. External payment systems, like Stripe, PayPal, and LemonSqueezy, offer a wide range of features and benefits that can enhance your e-commerce operations.
Stripe
Overview:
Stripe is a comprehensive payment processing platform known for its developer-friendly APIs and extensive customization options.
Key Features:
• Customization: Highly customizable checkout process to match your brand.
• Global Reach: Supports multiple currencies and international payments.
• Integrations: Easily integrates with various e-commerce platforms and tools.
• Advanced Security: Includes fraud detection and prevention measures.
Pricing:
• Stripe charges a standard fee of 2.9% + 30¢ per successful transaction.
• Additional fees may apply for international transactions and currency conversion.
PayPal
Overview:
PayPal is a widely recognized payment platform that offers simplicity and trust, making it a popular choice for both businesses and consumers.
Key Features:
• Ease of Use: Simple setup and user-friendly interface.
• Buyer Protection: Enhances customer trust with PayPal's buyer protection policies.
• Versatile Payments: Supports various payment methods, including credit/debit cards and PayPal balance.
• Global Reach: Accepts payments from customers worldwide.
Pricing:
• PayPal charges a standard fee of 2.9% + 30¢ per successful transaction.
• Additional fees apply for international transactions and currency conversion.
LemonSqueezy
Overview:
LemonSqueezy is a payment system designed specifically for creators and digital product sellers, offering features tailored to these needs.
Key Features:
• Digital Product Focus: Optimized for selling digital products with features like automated delivery.
• Subscription Management: Supports recurring billing and subscription management.
• Integrated Marketing Tools: Includes tools for email marketing and customer management.
• User-Friendly: Easy to set up and manage, with a focus on simplicity.
Pricing:
• LemonSqueezy charges a transaction fee of 5% + 50¢ per successful transaction.
• Subscription and additional service fees may apply.
