Users of Adobe's online commerce platform will soon be able to accept and process payments, as the company plans to add payment 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 catwalks. Payment services for Adobe Commerce will be powered by the Paypal Commerce platform and Adobe merchants in the US will be able to use them later this year with support for auxiliary territories, including Canada, Australia and Western Europe, scheduled. for next year. Adobe's vice president of product and strategy for Adobe Experience Cloud, Amit Ahuja, elaborated more on the company's extensive online commerce offerings in a press release, saying, "In today's rapidly changing digital economy, organizations demand flexibility and scalability in your commerce platform to support business development and provide seamless experiences to your service customers. With the integration of payment services, we're excited to expand our already robust set of out-of-the-box commerce features to help Adobe Commerce merchants efficiently compete and win in the digital economy.
Payment services for Adobe Commerce
With Payment Services for Adobe Commerce, merchants will be able to support multiple popular payment methods, including credit and debit cards, Paypal, and Venmo, to provide a better payment experience for their service customers. It should be noted that merchants will also be able to offer the Buy now, Pay later, pay in four Paypal options in their storefronts. This is likely to help drive traffic to its stores, as use of buy now and checkout services increased XNUMX% in the first half of the current year, according to Adobe's 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 give merchants a clear view of orders and payments in their store, including details on volume processed, payment balance, and reporting transactions to item level for financial reconciliation. This will help merchants run their businesses better and spot anomalies in order and after-sales flows more effectively. Payment Services for Adobe Commerce will give merchants access to recommended and competitive rates for transactions with tiered costs based on processing volume. We probably know more about payment services for Adobe Commerce already before its planned US launch in QXNUMX XNUMX.