Choice partners with Wix for ACH Payments
By Edlyn Cardoza
Choice Inc., a global payments platform, and Wix.com Ltd., a global SaaS platform to create, manage, and grow an online presence, announced a partnership enabling Wix merchants in the United States to accept Automated Clearing House (ACH) electronic funds transfer payments. This account-to-account payment option will give Wix’s U.S.-based merchants access to Choice’s ACH payments infrastructure, eliminating processing time and fees and reducing the chances of fraud for merchants and their customers.
“Offering ACH as a payment option enables Wix merchants to convert more shoppers into buyers and expand revenue,” said Choice’s CEO, John Paul Golino. “We are eager to elevate the payment acceptance experience for Wix merchants and their customers with Choice’s cutting-edge technology.”
Offering diverse payment options that are secure, convenient, and easy to use is now fundamental to retail success. This partnership will give Wix’s U.S. merchants access to Choice’s omnichannel software solution, including adding ACH payments for e-commerce and managing recurring payments like subscription services and invoices. Furthermore, merchants will have access to real-time data for simple reporting, reconciliation, and customer management, offering actionable insights to help oversee transactions and keep track of business operations.
The frictionless payment process will ultimately help increase revenue and enhance the customer experience by adding additional ways to pay via different channels, including online checkout, payment by SMS texting, invoicing, or hosted payment pages—all enabling customers to make quick and secure ACH payments.
“We are always working to offer Wix merchants a variety of convenient and innovative payment solutions specific to the locations they operate in,” said Amit Sagiv and Volodymyr Tsukur, co-heads of Wix Payments. “With Choice, we are proud to further our mission of helping businesses grow by providing them with more payment options to streamline financial operations and the checkout experience, which ultimately helps them increase profitability.”
Recently, IBS Intelligence reported that Vyne launched its SME proposition via a new partnership with Wix.com Ltd. The partnership will give Wix‘s UK-based merchants access to Vyne’s open banking payments infrastructure, enabling them to offer their customers the ability to pay directly from their mobile banking app.
IBSi Daily News Analysis
January 16, 2024
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