Thinkific has native integrations with Thinkific Payments, Stripe, and PayPal; what's the difference between these three payment processors?
TCommerce: Thinkific Payments
If you're located in a country supported by Thinkific Payments, you can easily accept payments by using Thinkific Payments, which is part of our TCommerce suite of tools.
Thinkific Payments ensures a smooth and hassle-free experience:
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Manage payments directly within the Thinkific platform
No need to juggle multiple platforms, apps, or websites. -
Optimize sales conversion with Performance checkout
TCommerce leverages Performance checkout to ensure a smooth and efficient payment process. -
Calculate, collect, and remit taxes with Sales Tax Solutions
TCommerce's Sales Tax Solution helps you manage sales tax on any transactions processed through our platform in the US and Canada. We will calculate, collect, and remit taxes—we’ll handle it all—so you can focus on what you do best. -
Support for various payment methods
Thinkific Payments supports Buy Now Pay Later (BNPL) options, digital wallets, and bank redirects at checkout so learners can pay in the way that's most convenient for them. -
Flexible payment solutions
You can offer different payment frequencies with one-time payments, subscription payments, and payment plans, providing your customers with flexibility. -
Sell more with Order Bumps
As an exclusive feature of Thinkific Payments, Order Bumps help you offer additional products at checkout to increase sales. -
Direct deposits to your bank account
Thinkific Payments is powered by Stripe, ensuring secure transactions and depositing payments directly to your bank account
Learn more about Thinkific Payments
Stripe
If you're located outside of a Thinkific Payments-supported country, we recommend using Stripe as your payment processor. Stripe is a widely recognized and trusted payment processor that you may have already encountered during your online purchases without even realizing it.
When using Stripe, there are a few key points to keep in mind:
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Most functionalities are managed through Stripe's website
To set up and manage your payments, you'll primarily work within the Stripe platform. -
Flexible payment solutions
You can offer different payment frequencies with one-time payments, subscription payments, and payment plans, providing your customers with flexibility. -
Direct revenue transfers
After the first transaction is processed through Stripe, your revenue will be transferred directly to your bank account following each subsequent purchase. For more details on Stripe's payout schedule, you can refer to their documentation.
Paypal
If you prefer to accept payments through PayPal, you have that option as well. PayPal is a well-known and trusted payment processor that facilitates convenient one-time payments.
Here are some important details to note when using PayPal for payments:
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Most functionalities are managed through PayPal's website
To handle various aspects of your payments, you'll primarily interact with PayPal's platform. -
Limited support for recurring payments
By default, PayPal does not offer native support for recurring payment types. However, you may be able to configure custom workarounds to set up recurring payments. -
PayPal funds stored in your PayPal account
When customers make payments through PayPal, the funds are stored in your PayPal account. They are not directly paid out to your bank account. -
Order Bumps available with PayPal through the TCommerce suite
You can leverage the exclusive Order Bumps feature offered within the TCommerce suite of tools when using PayPal for your payments.
A note on the checkout process:
PayPal, if enabled along with Thinkific Payments or Stripe, will appear as an additional payment option on both the Two-Page and Performance checkout pages. If selected by the Student as their preferred payment method, the Student will be redirected to the PayPal site where they will be required to log in to their PayPal account, before being able to make their payment.
Paypal currency will automatically adopt the currency you have set for Thinkific Payments or Stripe.