Thursday, 16 September 2021 12:02

Adobe Commerce integrates payment services feature for merchants

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Payment services for Adobe Commerce, the end-to-end commerce application for B2B, D2C, and hybrid use cases will now be available.

By integrating payment services, Adobe merchants will have access to a payment solution that can be managed from their Adobe Commerce Admin, instead of integrating with third-party payment providers.

Adobe says the payment services will be powered by PayPal and will be available to merchants by the end of the year.

“Organisations demand flexibility and extensibility in their commerce platform to sustain business growth and cater to customers,” comments Adobe vice president Adobe experience cloud product and strategy Amit Ahuja.

“The addition of payment services will expand our commerce feature designed to help merchants win in the digital-first economy,” Ahuja says.

Merchant benefits of payment services for Adobe Commerce will include:

Easily accept and process payment methods: Adobe merchants will be able to accept popular payment methods, including credit and debit cards, PayPal and Venmo, to deliver options for customers. Merchants will also offer PayPal pay later solutions in their storefront.

According to Adobe Digital Economy Index, the use of buy now, pay later (BNPL) services in the first half of 2021 grew 88% compared to 2019 levels.

Fully-integrated payment experiences: Payment services will be a fully-integrated experience in which all payment and transaction data will be readily accessible within the Adobe Commerce Admin.

Adobe says merchants will no longer have to contend with multiple logins and other disjointed user experiences for their payment processing, such as exporting and importing reports from multiple systems to reconcile, analyse, and verify sales information.

Competitive processing fees: Merchants will have access to tiered rates based on processing volume.

Advanced financial reporting capability: Payment services will offer reporting capabilities to provide merchants with a view of their store’s orders and payments, including details about processed volume, payment balance, and transaction-level reporting for financial reconciliation.

With the financial documents, Merchants will be able to better run their business and spot anomalies in order placements and post-sales flows. They will be able to see the complete order flow from when an order is placed, all the way to settlement in a single dashboard.

“As digital commerce represents a growing share of all transactions, merchants are looking for tools that enable them to drive front-end capabilities and back-end operations of their digital storefronts. Payments is one of those key capabilities that we saw grow in importance over the past 18 months,” concludes IDC research director digital commerce Jordan Jewell.

“With payment capabilities now in its product portfolio, Adobe is in a position to support its merchants as a platform provider that can streamline commerce operations across the customer journey.”


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Kenn Anthony Mendoza

Kenn Anthony Mendoza is the newest member of the iTWire team. Kenn is also a contributing writer for South China Morning Post Style, and has written stories on Korean entertainment, Asian and European royalty, Millionaires and Billionaires, and LGBTQIA+ issues. He has been published in Philippine newspapers, magazines, and online sites: Tatler PhilippinesManila BulletinCNN Philippines LifePhilippine StarManila Times, and The Daily Tribune. Kenn now covers all aspects of technology news for iTWire.com.

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