Adobe has said it is making new payment options available for customer digital storefronts in order to tackle an over-reliance on integrations from third-party providers.
The new Payment Services tool is managed through Adobe Commerce Admin and will let merchants support a range of payment methods like credit and debit cards, Venmo, and PayPal, including PayPal's pay later services.
Adobe said that all payment and transaction data can be accessed through the Adobe Commerce Admin platform, and the company will provide competitive processing fees, where transactions will have tiered rates based on processing volume.
Merchants will also be able to access advanced financial reporting, and view information on their store’s orders and payments, like processed volume, payment balance, and transaction-level reporting.
“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,” said Amit Ahuja, vice president of Adobe Experience Cloud Product and Strategy at Adobe.
“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.”
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In the future, Adobe said that merchants might be able to offer other payment methods, pointing to the likes of PayPal and its ongoing investment in cryptocurrency.
Payment Services will be available to customers in the US from the fourth quarter of 2021, and will also be accessible to merchants using Magento Open Source. Support for additional territories, including Canada, Australia, and Western Europe, is planned for 2022.
