Your business’ success can be directly affected by the payment options you offer. If you offer only processors your customers don’t trust or know, you could lose sales. If your eCommerce shop is focused on Europe, WooCommerce payment solutions will be necessary.

It can be difficult to find the right tool. In most cases you will want to offer more payment processors to ensure customers have choices.

This article will compare six European payment options for WooCommerce. We will discuss the time it takes to receive your money, the currencies that are accepted, the countries supported, and much more. Let’s get started!

A detailed comparison of six European payment options

This discussion will be focused on payment solutions that support multiple European nations. Some of these solutions are also available for use in other countries. If you are selling to a global audience, this coverage could make them perfect.

2. PayPal

PayPal has become one of the most used international payment options, with more than 400 million active users around the world.

PayPal allows customers to pay with money in their digital wallets, debit cards, and credit cards. The payment processor also supports 25 currencies.

PayPal charges fees and payment options vary depending on where you are located. PayPal charges currency conversion fees of 2.5-3.5%.

PayPal does not require you to open merchant accounts. If you are planning to start an eCommerce business, you should open a merchant account. PayPal charges merchant accounts a standard 2.99% fee for credit and debit card transactions, and 3.49% if PayPal Checkout is used. A fixed fee per transaction is also charged. This fee varies depending on the currency that you are receiving.

PayPal allows you to withdraw your earnings as quickly as one day. You can also access your money immediately with the payment processor’s debit card.

PayPal is available in these European countries.

3. Viva Wallet

Viva Wallet, is a payment solution for European businesses. It can be used with WooCommerce via Viva Wallet Extension. However, it can also be integrated with other eCommerce platforms.

This payment option allows you to open an account without paying any maintenance fees. You can also transfer money to any IBAN merchant account from Viva Wallet the day after a sale.

The processor also supports all major credit cards. Viva Wallet integrates with European payment solutions such as iDeal and Przelewy24.

No matter which payment integrations are offered, all purchases will take place at the Viva Wallet checkout. Viva Wallet charges 2.6-2.2% for credit card processing fees and an additional PS0.24 for each transaction.

You can instantly request a debit card when you open a Viva Wallet Account. The Viva Wallet platform is compatible with all currencies and is accessible across most of Europe.

Viva Wallet is now available in these European countries. They also support CBD merchants who meet certain guidelines in France, Italy, Poland, Greece, and Portugal.

4. Authorize.net

Authorize.net has been in existence for more than two decades and is one of the most trusted online payment options. It has become a popular solution for international eCommerce shops.

Authorize.net is a credit card payment and e-check processing platform. You can also integrate with Apple Pay and PayPal to expand your client base. Authorize.net also supports 13 currencies.

You can choose between the merchant or non-merchant accounts. Non-merchant accounts are $25 per month and charge the standard 2.9% + $0.30 for each transaction.

Authorize.net charges $0.10 per transaction if you have merchant accounts. Transaction percentages can also be individually reduced depending on the volume of your sales. Mastercard, Visa, Discover, etc.). This can lead to huge savings for large eCommerce operations.

However, Authorize.net charges rise to 4.4% + $0.30 if you are dealing with international transactions. They accept many currencies but they don’t allow multiple currencies to be accepted in the same account.

In general, it takes two business days to withdraw money from Authorize.net.

Authorize.net is available to all businesses located in Europe.

5. Klarna

Klarna, a trusted eCommerce payment provider, offers flexible payment options. Customers can split their purchases into four equal payments. Buyers have the option to either pay in full within 30 days or choose monthly financing.

Klarna, unlike other eCommerce payment solutions that offer financing options, makes it easy by keeping credit checks in place.

Klarna offers pay-later and regular purchase processing. Klarna accepts bank transfers and credit cards. There is an additional $0.30 transaction fee and a 3.29% to 3.799% processing fee depending on whether customers are kept on-page or sent off-page.

Klarna fees can be a little more expensive than European payment options. It’s also worth noting that Klarna charges $30 per month for each product you list.

Klarna is a financing platform that provides full payment upfront for sellers. It also helps to drive traffic to member companies through the app.

Klarna allows you to get paid directly into your bank account for sales. Depending on the arrangement, payout processing times may vary.

Availability: Klarna can be purchased in the following European Countries.

6. Mollie

Mollie, a modern European payment system, aims to be as transparent as possible regarding pricing. It supports nearly every payment method you can imagine.

Mollie allows you to accept credit cards, Apple Pay, PayPal, Apple Pay, and bank transfers (including SEPA transfer) as well as gift cards. Klarna can also be integrated with the payment solution.

Mollie allows you to choose the payment options that you wish to allow. Mollie supports both one-off and regular payments as well as installments. The checkout experience can be customized and integrated with your online shop.

Mollie charges EUR0.25 plus 1.8%-2.8% credit card processing fees. It has variable pricing that varies depending on the payment options you offer to your customers. Mollie charges less for credit card processing than industry standards, such as Mastercard or American Express.

Mollie automatically pays twice per week to your bank account. Processing times typically range between one and two days. You can, however, set up custom payout schedules to suit your needs.

Mollie is currently available in the following European Countries.

Summary of payment gateways

You can increase your eCommerce sales if you offer a payment solution that is tailored to your customers if you have a European-based business. European payment solutions make it easy for customers to pay. These solutions also make it easier to withdraw money to your bank account.

Here are six quick comparisons to help you decide which European payment option is best for you.

1. PayPal: You have access to the largest user base in the world and a trusted global payment brand.
2. Viva Wallet is Designed for European customers and businesses, Viva Wallet supports all currency pairs and makes it easy to access your money.
3. Authorize.net This payment solution is one of the most established in the world. Authorize.net has the lowest processing fees if you have a merchant card. This depends on how many international sales your business makes.
4. Klarna This payment option offers financing options to your European customers.
5. Mollie: You get variable processing fees with Mollie and the ability to accept many payment methods.