Adobe has unveiled new payment services for its commerce platform, designed to allow merchants to accept multiple payment methods.
A partnership with Paypal’s commerce platform will power the Payment Services for Adobe Commerce. Adobe merchants can access the new integrated payment solution by this year end.
Merchants can manage the payment services via their Adobe Commerce Admin without the need for third-party payment providers.
Adobe Experience Cloud Product and Strategy vice-president Amit Ahuja said: “In today’s fast-moving digital economy, organisations demand flexibility and extensibility in their commerce platform to sustain business growth and deliver seamless experiences for their customers.
“With the addition of Payment Services, we’re thrilled to expand on our already robust out-of-the-box commerce feature set to help Adobe Commerce merchants compete effectively and win in the digital-first economy.”
Payment Services for Adobe Commerce
Payment Services will facilitate easy acceptance and processing of transactions, where merchants can accept credit and debit cards, PayPal and Venmo.
Merchants can also provide PayPal pay later solutions at the storefront.
With the new service, all payment and transaction data can be accessed within the Adobe Commerce Admin. This avoids several logins and other disorganised payment processing experiences, Adobe said.
Adobe added that merchants will have a competitive processing fee for transactions and tiered rates will depend on processing volume.
In addition, Payment Services will enable complete reporting capabilities and merchants will have a clear view of orders and payments.
Adobe expects this feature to help merchants identify irregularities in order placements while post-sales flows more efficiently. Furthermore, the complete order flow will be available in one dashboard.
Apart from existing payment methods, the PayPal partnership will allow merchants to leverage the company’s ongoing investment for future innovations. These advancements include support for cryptocurrency and local payment methods.
The Payment Services for Adobe Commerce will be initially available in the US. The launch in other markets such as Canada and Europe is planned for next year.