You have made the decision to build your website using Wix and now you are ready to take the next step into taking your business online and that’s now to sell products on your website. You may or may not have thought about this as yet but How to get paid on Wix in the Caribbean is one of the top questions asked daily because outside of Paypal, it wasn’t possible.
That is until a few months ago
Usually, most people would have Googled “Easiest option to build a website” and come across the answers of Wix. Now if you follow me, chances are you are a business owner or at least looking to start a side hustle, so getting paid is a must. However on Wix, none of the Caribbean payment gateways connected to Wix in order to process payments for the products listed.
Rendering Wix a pretty bad option to build your empire with because you couldn’t engage in E-Commerce.
So let’s dive into the 2 ways to get paid on Wix in the Caribbean.
Option 1 – Paypal
This is the standard option, setting up Paypal. I’ve spoken at length in the past about the problems with going this route.
Most countries in the Caribbean are not eligible for withdrawal access to Paypal funds. So whilst Paypal will process the funds and keep it in the wallet, they will not give you an option to withdraw the funds and it will stay right in the wallet, with no way of transferring those funds out.
Here in Trinidad and Tobago, to use Paypal
You will need:
- Visa Credit Card
- Visa Debit Card From ONLY these banks (JMMB, Venture Credit Union, PSCU Credit Union)
You must register your account on the Paypal Trinidad page and input your Trinidad and Tobago address when setting it up.
When adding the cards, you must click on add credit card and NOT add a Bank Account.
When withdrawing the funds, Paypal typically makes the decisions on what level of withdrawal access to give you.
- Decide to give you full access to immediately withdraw the funds upon your request
- Decide to only give you Automatic withdrawals which will result in them depositing the funds on the first of every month
- Decide that you will not have access whatsoever to withdraw any of the funds in the wallet (Very Common)
Paypal also charges 5.4%usd per transaction.
I never recommend using Paypal unless you have no choice because there are users with more problems getting their money than those who are successfully using Paypal. The support from Paypal given to Caribbean countries is abysmal as well. So sorting out any problems and even getting in contact with them is usually a headache.
If you want to learn more about how Paypal works in the Caribbean, watch this video and start at the 23rd minute.
Option 2 – Tilopay
Tilo is an Ecommerce company out of Costa Rica that services both Latin America and the Caribbean.
They announced a partnership with First Atlantic Commerce to provide payment integration into the Wix Platform. This is great news because this option is available to anybody in the Caribbean that First Atlantic Commerce operates.
To get paid from Wix via this method, here’s what you are going to need:
- Merchant account from your bank where your business account is
- Set up an account with First Atlantic Commerce
- Create your Tilopay account
To Connect Tilopay as a Payment Provider:
- Go to Accept Payments on your site’s dashboard.
Tip: Check your business location at the top right. If incorrect, click the drop-down menu to change it.
- Click See More Payment Options.
- Click Connect next to Tilopay.
The plugin to Wix is enabled for features such as local currency support, tokenization, 3DSecure and fraud protection solution, Kount, as well as multi-affiliates to enable financing or installments, which are common in Central America.
To learn more about Tilopay, you can check out all of the options they offer and the other platforms they integrate into right here -> Tilopay.
Tilopay doesn’t have a monthly fee but charges 1% per transaction.
Keep in mind that your banks will typically have a fee for the merchant accounts and that will greatly differ based on your bank and the country you are in.
This is good news for those who started out on Wix and realized later on in the journey that they could not receive payments from the platform at all.
Keep in mind, that the fees you spend to do E-Commerce are much cheaper than having a brick-and-mortar store. You will always want to make sure your prices are built to aid in your profitability and your costs of doing business.
I hope this answered the question of how to get paid on Wix in the Caribbean in 2022.