Overcoming Payment Obstacles in Dropshipping
Payment difficulties specific to dropshipping sellers include address verification mismatch and time-consuming shipping, which then lead to chargebacks. Payment gateways such as Stripe with Radar rules allow flexible fraud options to accommodate dropshipping’s longer fulfillment times. The Shopify Flow app can set payments to only auto-authorize after the order validation for the supplier has been complete. PayKings deals with higher-risk products and is dropshipping-friendly with elevated chargeback limits. Employ Address Verification tools whereby the billing address of a customer is juxtaposed with the shipping address, thus flagging possible fraud onto the system if there are disproportional divergences. Another good move would be to avoid Shopify Payments, as it openly frowns upon suppliers exporting directly to customers.
Multi-Supplier Payment Workflows
Most advanced dropshippers who receive orders from several suppliers will need a custom payment gateway solution. Virtual terminal products-and some of them are: PayPal Payments Pro-allow for the manual routing of payments to various vendors. The best app for doing this, though, is the Shopify Multi-Vendor Marketplace, which divides payments automatically while handling one merchant account. In addition to reduced cross-border settlement costs, suppliers can benefit from currency aggregation solutions like TransferWise (now Wise). Setting up a separate merchant account for different categories of products would contain risks for dropshippers; for example-, electronics and clothing payments could have separate accounts for both. This avoids misfulfillment by using automated payment reconciliation software that reconciles the supplier invoices with the order of the customers.
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