Intro Best Payment Processor For Digital Products
Of all the ways of Creating Articles that is blog, my favorite method is Like studying design templates and materials, to make and sell electronic products. I’ve discovered that it’s extraordinarily more profitable than running ads and self-made products convert at a much higher speed than an affiliate product that someone else created. The support I use to ease this can be Payhip, and this article I will be discussing what I both like and dislike about the service based in my Payhip experience as a vendor for two + years. Best Payment Processor For Digital Products
My Payhip Expertise
If you wanted to sell products Through your own site, you’ll need a means to facilitate trades — some kind of infrastructure which will enable a customer to select your goods, cover it, and have it immediately delivered to them with complete hands-off automation. Payhip solves this problem.
What is Payhip?
Payhip is An that provides users with solutions and the tools for hosting and promoting digital products straight to their clients online.
The Provider Was co-founded by Abs Farah and Kahin Farah and is currently based in my capital city of London.
What are the advantages of utilizing Payhip?
Each online Platform is different, and I have used a couple of these previously.
Having A stage that is easy to use and one that does not take a massive amount of my time that is valuable is of utmost significance.
Payhip will Save a lot of time because everything is cared for on the Payhip platform.
The Advantages that I’ve gained the most from utilizing Payhip comprise –
- EU VAT is cared for, which is a big plus in my book.
- Affordable. The website takes zero charges asides From 5 percent per trade when you sell a item.
- Accessibility to analytics reports.
- Access to advertising tools. You have the option to create Social and Coupons discounts.
- Ability to signup, manage and reward your own affiliates.
- Access to product sharing tools. Plus you can embed Buy and your product Now buttons directly on blog or your site.
- The ability to setup mailing lists so that your customers can Subscribe and remain up to date with your electronic goods, and more.
- Instant digital product shipping via email link to customers.
What I Like About Payhip
Let’s get to the details. Following my 2+ year Payhip experience, here’s what I really like about the service…
Payments Are Instantaneous
Payhip let’s your customers pay with PayPal Or by credit/debit card using Stripe, and they do not pay out monthly/weekly/quarterly or make you wait for them to clean some sort of holding period. When a client makes a purchase, the cash is instantly available in your account, and if you have the PayPal and also Stripe apps installed on your mobile device, you’ll get notifications whenever a sale happens. Best Payment Processor For Digital Products
I happen to appreciate this. The excitement of Seeing a sale that is brand new never gets older. It’s also great to wake up in the morning, reach to your phone, and see that you made X number of dollars while you were sleeping, and it’s all readily available for you to spend. The caveat to this is Stripe. If your clients pays by card using Stripe, there’ll be a 3 day hold until the cash is available. This is Stripe though — Payhip doesn’t hold your cash at all.
No Monthly Charges
One of those things that Payhip originally sold me on is that there’s no Monthly charges or installation charges — just a simple flat fee of 5 percent per purchase .
This was appealing to me in 2016 Since, at the moment, my readership was 1/10th of what it’s now, and that I was not positive that I was likely to always sell enough product to warrant paying a monthly fee for a similar service such as Gumroad. As a relatively new blogger having a small audience, Payhip was the quickest solution that best fit my situation.
Simple To Know Analytics
Payhip’s back end offers an page That enables you to see trades and earnings quantities relative to the day, week, month, year, or some other specified selection. On top of that, it’s a report that is simple and to-the-point.
If you have used Google Analytics or Facebook analytics, the amount of information you’re instantly smacked in the face with can be a bit overwhelming, and a lot of it is largely useless also. Payhip just gives you what you’re there to view — sales information. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another benefit users of Payhip experience is By creating coupon codes, promotions to conduct.
The codes can be for any percentage you would Like and for any (or all) products. They could run for whatever duration you want (or even indefinitely,) and the code itself may even be customized to whatever series of text you desire.
I’ve found this to be helpful. Occasionally I will run a weekend promotion, place it on Facebook, then raise the article targeting a pixel re-marketing audience and I never fail to go ROI positive with it. People really do respond to limited time offers. Best Payment Processor For Digital Products
Your Own Affiliate Program
Payhip Provides you the ability Readers sign up as an affiliate of your shop, and you can grant, whenever someone purchases a product with their custom affiliate link.
This is useful because it allows other Men and Women To market your merchandise for you, the commissions paid will be well worth it and if they have a platform and an audience of their own that they can tap into.
Easy Integration with Email Marketing
If you’re into email marketing, you will be Able to incorporate Payhip along with your chosen email marketing supplier so that if a sale is made, the purchaser’s email address could be added into a selected list.
This is small but I think it’s Pretty cool so I wish to give it a reference — if you desire, you’ll have Payhip postage the buyer’s email address to the upper left corner of each page of a PDF document they have bought.
So if someone intends to Purchase Your PDF Book then make it available for free somewhere else, they’ll have to be okay with their private email address being publicly available. I believe that is a way of deterring pirating.
Upload Most Kinds of Files
Payhip isn’t Only a marketplace for ebooks — You can upload any kind of file. Font files, video/audio documents, photographs, software, etc..
Overall Simplicity and Modern Design
One thing that can not be overlooked whenever You are selling something is your site appears. Individuals don’t trust myself included. If a site looks like it has not been updated since the net 2.0 days, I start to wonder if perhaps I’m in an abandoned construction and putting my payment information to it’d pretty much be like throwing my money into a black hole.
That is not true with Payhip though. The Website has a layout. This is exactly what you’d anticipate a checkout page from a trustworthy company if you should purchase a digital merchandise on the world wide web. Best Payment Processor For Digital Products
Another thing I like about Payhip is its own Overall simplicity. In the a visitor lands on your product page, Payhip remains out of the way. They display your images, sales copy, and only the crucial info (like price.) They do nothing to interfere with your purchase — no self-promotion whatsoever.
Finally, what I like about Payhip is That they don’t store customer payment information, meaning your customers’ payment details are safe. The payment is completely handled through Stripe or PayPal, and I prefer it that way as they’re big companies with lots of cash to invest on top-shelf security.
What I Dislike About Payhip
As much as I like Payhip, it’s far from perfect. Here are some things that I dislike about the service and would like to see improved…
No Mobile App
1 thing that bugs me around Payhip is that They do not possess a mobile app. It would be convenient to have the ability to start an app while I am out and about, and have a look. You do so and can log into the site, but the site is optimized for mobile devices.
I like Payhip, but this is a very Bad look in 2018. There’s no reason you should not have a website optimized for cellular, and when you’ve got that, you should be able to easily turn the website itself into it’s own app so users do not have to manually register in each time they would like to check sales data. Users of Payhip experience a better platform when they’re on their mobile devices.
No Upsells or Add-Ons At Checkout
On the checkout page, I’d really like to see an capability that is added to indicate Other products. By way of example, if they are buying a bundle of logo templates for $5, I might offer a package of business card templates or suggest some other product that could interest them that they previously didn’t know about. This is something which sites like VistaPrint and Amazon do quite well.
I can’t help but feel like there’s a Great Deal of money being left on the Table — for myself and Payhip — without this functionality. This may enhance the Payhip encounter for both the vendor and the customer.
Set On A Fixed Timezone
This one is largely frivolous, but I Like to see it corrected.
Since Payhip is located at London, they’ve BST was set to by The functioning timezone for the whole website. Since I’m located in the EST, I’ll occasionally check my analytics at 7PM or later and see that I made 0 sales for the day because Payhip believes it is midnight and its own information reflects that.
Again, this is mostly a non-issue, however I Would love to observe the ability to correct the site. Best Payment Processor For Digital Products
More Flexibility with Coupon Codes
I know I raved about the coupon It’s not quite perfect, although code feature earlier.
As it currently stands, the sole promotion You can run through a coupon code is to get a percent off. Ideally, I’d like to be able to offer a dollar amount off the initial cost, or the capability to set a sale price that is predetermined.
At the moment, if I Need to put a $27 merchandise On sale for $10, manually do the math to figure out what percentage off will render the cost and I must break out the calculator. I think this is unnecessary and may be made better.
When creating A brand new product in Payhip, you have access to advanced alternatives including —
- Make your merchandise personal.
- Insert an ISBN (Internation Standard Book Number) to your eBook.
- Upload a couple of preview or sample pages.
- To how many copies of market or your product could be Insert a limit number sold.
- Create a license key that is exceptional for each of your product/eBook revenue.
Just how much does this cost?
Payhip will Cost you nothing to establish or host your products. The site takes just 5 percent commission per transaction fee.
Can I Recommend Payhip?
This leaves us with the burning question: after 2+ years as a vendor on Payhip, do you recommend it? Total, yes. I am a happy customer, but whether or not you ought to use it depends upon your situation.
If you’re a new blogger with a small audience And you can not justify spending $10+ per month for something such as Gumroad, then yes, I would recommend Payhip. However, if you have a massive audience or market a high-ticket merchandise and know you’ll do at least $1,000 in sales every month, you might want to look into something most cost effective.
As of the date of the writing, Payhip functions On a flat fee of 5% of each sale. Gumroad’s fee is currently 3.5% + $0.30 per transaction + $10 a month.
If you are going to be selling less than $1,000 a month in total quantity, the math should (typically ) favor Payhip. But if you’re selling into the thousands, you need to decide on Gumroad or start looking into another choice. This is largely dependent on the number of transactions it takes to reach those sales numbers though, so be sure that you crunch the numbers.
Personally, I love the Payhip Experience and am thankful for their services. I would like to see them continue to grow and succeed. Best Payment Processor For Digital Products