Adobe Announces Payment Services for Adobe Commerce
15 September 2021 - 11:00PM
Business Wire
Adobe (Nasdaq: ADBE) today announced the upcoming availability
of Payment Services for Adobe Commerce, the industry’s leading
end-to-end commerce application for B2B, D2C and hybrid use cases.
By integrating Payment Services to their digital storefronts, Adobe
merchants of all sizes will soon have access to a robust, secure,
and integrated payment solution that can easily be managed from
their Adobe Commerce Admin, instead of having to do the work of
integrating with third-party payment providers. Payment Services
for Adobe Commerce will be powered by the PayPal Commerce Platform
and available to Adobe merchants by the end of the year.
“In today’s fast-moving digital economy, organizations demand
flexibility and extensibility in their commerce platform to sustain
business growth and deliver seamless experiences for their
customers,” said Amit Ahuja, vice president, 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.”
Merchant benefits of Payment Services for Adobe Commerce will
include:
- Easily Accept and Process Payment Methods: With Payment
Services, Adobe merchants will be able to accept popular payment
methods, including credit and debit cards, PayPal and Venmo to
deliver the best checkout experience for their customers. In
addition, merchants will also be able to 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 Experience: Payment Services
will be a fully-integrated experience for merchants in which all
payment and transaction data will be readily accessible within the
Adobe Commerce Admin. 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, analyze, and verify sales
information.
- Competitive Processing Fees: Merchants will have access
to convenient and competitive pricing for transactions with tiered
rates based on processing volume.
- Advanced Financial Reporting Capability: Payment
Services will offer comprehensive reporting capabilities to provide
merchants with a clear view of their store’s orders and payments,
including details about processed volume, payment balance and
transaction-level reporting for financial reconciliation. With this
reporting, merchants will be able to better run their business and
spot anomalies in order placements and post-sales flows more
efficiently. In addition, merchants will be able to see the
complete order flow from when an order is placed, all the way to
settlement in a single dashboard.
- Always Up-to-Date and Secure: As Payment Services will
be developed and supported by Adobe, merchants will always have
access to services that are up-to-date, safe, and stable. Merchants
won’t have to deal with third-party payment processor extension
compatibility issues when updating to the latest version of Adobe
Commerce.
By utilizing the PayPal Commerce Platform, Adobe merchants will
be able to accept current payment methods – such as PayPal and
Venmo – as well as leverage PayPal’s ongoing investment in payment
innovations such as support for cryptocurrency transactions and
local payment methods in the future.
“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,” said Jordan
Jewell, research director, digital commerce at IDC. “With payment
capabilities now in its product portfolio, Adobe is
better-positioned to support its merchants as a platform provider
that can streamline commerce operations across the customer
journey.”
Timing and Availability
Payment Services will be available to merchants in the U.S. in
the fourth quarter of 2021. The feature will also be accessible to
merchants using Magento Open Source.
Support for additional territories, including Canada, Australia,
and Western Europe, are planned for 2022.
For more information about Payment Services, visit here.
About Adobe
Adobe is changing the world through digital experiences. For
more information, visit www.adobe.com.
© 2021 Adobe. All rights reserved. Adobe and the Adobe logo are
either registered trademarks or trademarks of Adobe in the United
States and/or other countries. All other trademarks are the
property of their respective owners.
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Public relations contact Andrew Cha Adobe 415-531-7764
acha@adobe.com
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