Stripe, is now open in private beta for New Zealand businesses.
Stripe Accepting Online Payments in New Zealand
Launching a WordPress site with WooCommerce in New Zealand you will decide on a payment processor to use for your online transactions. With many options available, features and costs vary. It can quickly get very confusing.
Payment Express is the most recognised NZ based payment gateway and of course there is an extension available for WooCommerce — but this costs USD$79 and requires annual renewal to maintain updates and support. Also requires a merchant account and they charge a fixed monthly fee along with a per-transaction cost. For small businesses starting out, the set-up costs, bank fees and minimum monthly transaction costs of these types of payment gateways can be prohibitive. Other similar options include eWay, ANZ and WorldPay.
Merchant accounts are not needed for PayPal, 2Checkout and Flo2Cash. The PayPal Standard Payments option is included free in WooCommerce, while the others cost from USD$50 – $80, plus renewals.
Stripe has taken the online payments industry by storm. They have particularly won over the web developer community with their awesome API, simple fee structure and beautiful user interface. Stripe is consistently voted one of the top payment processors for online businesses and they continue to innovate with fantastic new features, additional currencies and launching in new countries.
Stripe supports all the major credit cards, over 100 currencies, Bitcoin payments, recurring billing, charge-backs, trial periods and industry-leading fraud protection. One of the other reasons for Stripe’s popularity is that you don’t require a credit card merchant account — Stripe deposit funds directly into your bank account on a weekly basis.
The only problem is New Zealand businesses can’t currently use Stripe.
Stripe has recently launched in New Zealand under private beta, meaning that you need to apply for an account and not all features are supported yet. Sometime in the future they will go to public beta before it’s made fully available with all features enabled. This will be a welcome addition to the NZ payment gateway market, Stripe New Zealand is going to be huge.
For WordPress WooCommerce users the WooCommerce Stripe Extension is Free
If you are looking for a high quality website solution contact us at Finlay – Freelance WordPress developer in Auckland, New Zealand.