Default Payment Methods in WooCommerce
WooCommerce has built-in payment processing methods from leading providers. You can take payments via Stripe and PayPal. Accept credit cards, Direct Bank Transfer, checks or Cash on Delivery.
Let’s talk about the most common default payment methods in WooCommerce and how you can add payment methods in WooCommerce.
Now, let’s discuss each of these in brief.
BACS (Bank Transfer)
Known as Bank Account Clearing System or more commonly as direct bank transfer or wire transfer, it is a gateway that doesn’t need payments to be made online.
All orders using BACS payment method are set ON HOLD until the payment gets cleared outside of WooCommerce. As the store owner, you’ll have to check your bank account if the payment has cleared before processing the order further.
BACS is not an ideal choice for e-commerce business model as it needs the store owner to check their bank account and may take more time than the other payment gateways.
Nonetheless, I would be sharing how to set up BACS as well as other payment methods in the later section of this post.
Just like bank transfer option, Cheque option doesn’t require payments to be made online. However, as a store owner, you must check and ensure that the cheque has cleared before processing the order further.
Cash on Delivery (COD)
COD is a very common payment option offered by many e-commerce store owners who cater to local customers. Still, if you are a small store owner having clients abroad or if you’re running a dropshipping business, COD is an option that won’t work for you.
So, you may as well disable this option for your store. For people who would like to offer COD, they must confirm that the payment was collected upon order delivery.
PayPal is a worldwide famous payment gateway which comes integrated with WooCommerce plugin. WooCommerce uses PayPal Standard which will take the customer to PayPal’s secure website to complete their order payment.
In WooCommerce, PayPal Standard uses IPIN for which you’ll require https for additional security. You’ll also need a PayPal account to enable PayPal standard payment gateway for your WooCommerce store.
Now, let me show you how you can add Payment methods in WooCommerce.
Let’s start with BACS
How to Add Bank Transfer Payment Methods In WooCommerce
Follow the below-mentioned steps to add Bank Transfer in your WooCommerce Store.
- Open WordPress admin panel for your store with your login and password.
- From the left sidebar, go to WooCommerce.
- Select Settings> Checkout.
- Select BACS.
Configure the settings like described below :
- Check the Enable option to use BACS and uncheck to disable it.
- Enter the title to display the customers during the checkout process.
- Add information in the description to let the customers know about it in brief.
- Enter Instructions to let them know how it works.
- Under Account Details, add your bank account details which include Account Name, Account Number, Bank Name, Routing Number, IBAN and/or BIC/Swift numbers to be displayed to the customers on the Orders Received page or in order emails once they’ll check out.
- Remember to click Save Changes button before you leave the page. That’s all. Your BACS payment option is now enabled on your store and customers can pay you via bank transfer.
How to Add Check Payment Methods In WooCommerce
For setting up Cheque in your store, follow the below-mentioned steps.
- Go to WooCommerce from your WordPress admin dashboard.
- Next, select Settings> Checkout.
- Configure the settings as follows.
- Enable the checkbox to use the option or disable it to remove from your payment options.
- You can also edit the title, description, and instruction as fit for your store and customers.
- Click Save Changes button.
How to Add Cash on Delivery or COD Payment Methods In WooCommerce
You can add COD as a payment method in your WooCommerce store using the following steps.
- Go to WooCommerce in your WordPress admin dashboard for your store or the store backend.
- Now, Select Settings > Checkout.
- Click Cash on Delivery.
Configure the settings as below:
- Enable to use COD and disable the checkbox to remove it.
- Edit the title, description, instruction if you wish or leave it as it is.
- Next, select which shipping method will enable COD under Enable for shipping method.
- Next, tick the checkbox if you wish to enable COD for virtual products (like eBook, audio file, etc).