Wix Payment Processing
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What You Need to Know
Choosing the proper payment gateway integration is crucial for creating a business website or enhancing your e-commerce site. Wix payment processing offers limited options, particularly for high-risk merchants, making it necessary to explore alternatives.
What payment processing options are available on Wix? Can high-risk merchants use Wix? Can we integrate a custom payment gateway on Wix? Read on to uncover everything you need to know.
Understanding Wix Payment Processing
Wix is a leading website builder that enables users to create professional HTML5 websites with drag-and-drop tools. While Wix offers built-in e-commerce functionality, its payment processing options are restricted, especially for businesses in regulated industries.
Unlike open-source platforms like WordPress, Wix operates within a controlled environment, limiting third-party payment gateway integration. While this setup provides enhanced security and ease of use, it presents challenges for businesses requiring more flexible processing solutions.
Setting Up Payment Processing on Wix
For low-risk merchants, setting up Wix Payments is straightforward. Follow these steps:
- Log into your Wix dashboard.
- Navigate to Settings > Accept Payments.
- Select Wix Payments or a supported third-party provider.
- Follow the setup prompts and verification steps.
- Start accepting payments through your Wix store.
However, if your business is in a high-risk industry, you may face limitations in using Wix Payments.
High-Risk Merchants: Finding the Right Payment Processor
Businesses that sell CBD, nutraceuticals, adult content, vaping products, or subscription services often struggle with Wix’s payment restrictions. Because many financial institutions categorize these businesses as high-risk, they may face account terminations or transaction holds.
If your business falls into this category, a specialized payment processor like Signature Payments can offer secure, scalable solutions tailored to your needs.
Wix Payment Processing Fees
One of the key considerations for Wix users is payment processing fees. Here’s a breakdown:
Wix Payments charges transaction fees that vary by country, but in the U.S., it typically costs 2.9% + $0.30 per transaction. Third-party payment gateways such as PayPal and Stripe have similar pricing structures:
- PayPal: 2.9% + $0.30 per transaction
- Stripe: 2.9% + $0.30 per transaction
- Square: 2.6% + $0.10 per transaction
For high-risk merchants, specialized payment processors may have higher fees but offer greater reliability and fewer restrictions.
Comparing Wix Payments and Stripe
The decision between Wix Payments and Stripe depends on your business needs. Here’s a comparison:
Feature | Wix Payments | Stripe |
Integration | Built into Wix | Works with multiple platforms |
Accepted Cards | Major debit & credit cards | Wider range of payment methods |
High-Risk Support | Limited | Varies, with approval process |
Custom Gateway | Not supported | Available |
If your business needs a broader range of processing solutions, Stripe or a high-risk payment provider like Signature Payments may be a better choice.
A Look at Wix’s Market Share
Understanding Wix’s position in the e-commerce market can help businesses make an informed decision. The graph below illustrates the adoption of Wix compared to other e-commerce platforms:
As the graph indicates, while Wix holds a solid share of the website builder market, platforms like Shopify and WordPress offer more flexibility in payment processing options.
FAQ: Common Questions About Wix Payment Processing
- Does Wix allow high-risk merchants? Wix does not directly support high-risk industries through Wix Payments, but high-risk merchants can explore third-party processors or alternative platforms.
- How much does Wix charge for payment processing? Wix Payments charges 2.9% + $0.30 per transaction in the U.S. Fees may vary based on location.
- Can I use Stripe with Wix? Yes, Wix allows integration with Stripe, but approval depends on the nature of your business.
- What happens if Wix rejects my business? If Wix denies your payment processing application, you can explore high-risk merchant solutions like Signature Payments.
Final Thoughts: Choosing the Right Payment Solution for Your Wix Store
While Wix provides an easy-to-use platform for standard merchants, high-risk businesses face significant restrictions. Understanding the limitations of Wix Payments, available third-party gateways, and alternative e-commerce platforms can help you make the best decision for your business.
Signature Payments specializes in secure, scalable solutions if you need a high-risk payment processor that works with or outside of Wix. Contact us today to discuss your options and get your merchant account set up hassle-free!
Additional Resources
Wix Help Center – Payment Providers, E-commerce Payment Processing Guide