Every quilting store needs a reliable payment processor. In a niche market like this, the options may be a bit limited and even confusing. Worldpay is a popular choice for many stores that are in the SMB space. It’s among the largest payment processors in the country right now, but it’s not necessarily the only one. Plus, there are some limitations and cost factors to consider when choosing your payment processor.
In this guide, we’ll take a closer look at payment processors and their role in your quilting store, as well as how you can overcome the challenges of existing platforms by choosing another option. We’ll also discuss migration, factors to consider, and how to maximize the benefits of your new solution. By the end, you should have a much better understanding of payment processors and how to find the Worldpay alternative that works for you.
Understanding the Role of Payment Processors for Quilting Stores
A payment processor is a fundamental element of your online quilting store. Once you turn your hobby into a business, you’re going to need to upgrade from accepting PayPal and other virtual payments to actually using a real payment processing system.
You’ll want to choose one that’s user-friendly and provides a seamless experience for your customers. However, it should also provide solutions that meet the unique requirements of the quilting business. If you’re losing money on transaction fees and hidden costs, you’re affecting your bottom line. And if your checkout and payment process isn’t simple and straightforward, you’re affecting the customer experience.
Choosing the right payment processor makes all the difference. Let’s look at why Worldpay isn’t always the right fit.
Identifying the Challenges with Worldpay for Quilting Stores
Worldpay is a general retail POS and payment processing system. It’s designed for small businesses in various industries and is known as a merchant service provider. The first big challenge with Worldpay for quilting stores and other small businesses is the lack of transparent pricing.
This can make it difficult to compare with other options. Plus, they’re not transparent about additional services, hidden fees and costs, and other potential expenses. And although they say that their app integrates with tons of POS platforms, there are bound to be some compatibility issues along the way.
Like Sew is a dedicated quilting POS and payment processing system that uses Rain Payments for processing. This is a quick, affordable, secure Worldpay alternative that is uniquely designed for quilting and fabric stores. No longer do you have to make a payment processor and POS work for you, because there’s a custom solution waiting.
Factors to Consider When Choosing a Payment Processor
When you’re looking for a payment processor, there are several factors to consider. As mentioned, pricing and service transparency is a huge element. The last thing you want is hidden fees or a disclaimer that charges more for certain types of payments. The features you should be paying attention to include:
- Pricing models and transaction fees
- Security and fraud prevention
- Ease of integration
- Support for subscriptions and recurring payments
- International payment acceptance
Your quilting store is primed for success. Now all you need is a winning POS and payment processor to go with it. Enter Like Sew, a dedicated solution for quilting and fabric stores.
The Migration Process: Switching from Worldpay to the Chosen Alternative
One of the things that hold people back from switching payment processors is the work involved. The migration process can seem daunting, but it doesn’t have to be. If you choose the Like Sew platform, you will get support to help you transition to your new system, while also communicating changes to your customers and helping manage expectations.
This process will require testing to ensure that you deliver a seamless checkout experience with your new payment processor. If changes need to be made, you can make adjustments as you go.
Maximizing the Benefits of the New Payment Processor
When you opt to work with a dedicated platform such as Like Sew, you will find several benefits. First, there are plenty of tools and features just for quilting stores that aren’t found in the average POS. Plus, you will find plenty of ways to enhance the customer experience with your new software and tools.
You can also track and analyze payment data as you’re implementing your new payment processor so that you can make informed business decisions. There’s definitely something to be said for a dedicated solution like the Like Sew POS and payment processing platform.
Navigating Legal and Compliance Considerations
It’s important to choose payment processors that are compliant with all regulations and guidelines. Like Sew operates through Rain Payments, a leader in payment processing with affordable rates and no hidden fees. The platform is secure and offers data privacy, securing your customer data and protecting against breaches.
With Like Sew, taxes and reporting are no longer a concern because these features are built into the software. You’ll have everything you need in one place for total compliance and security.
Promoting a Smooth Checkout Experience
The Like Sew platform also allows you to create an intuitive, user-friendly checkout process that leverages all possible payment options. You can accept all manner of payment methods via mobile or the web, including:
- Credit cards
- Debit cards
- Gift cards
- Apple Pay
- Google Pay
- Europay
This provides you with plenty of accommodation for all of your customers. If you’ve got a physical location, it also offers contactless payment options.
Conclusion: Empowering Your Quilting Store with the Ideal Payment Processor
The right payment processor can make or break your quilting business. You need something quick, transparent, and designed to help your quilting or fabric store outpace the competition with a better checkout experience. If you do some research on the available Worldpay alternative platforms, you’ll find plenty of options.
However, with a platform such as Like Sew, you’ll have a dedicated, suitable payment processor that’s focused on helping your quilting store grow and thrive. Check it out for yourself and see just how you can improve your payment processing today.