Coming soon to Adobe Commerce: Subscriptions and native payment processing
There have been some exciting new features and updates to Adobe Commerce this year – we covered the biggest announcements from Adobe Summit a few months ago, the features and benefits of Live Search, which uses AI for better recommendations, and some of the most game-changing new features in the launch of Magento 2.4.3.
But there’s always room for more! Here are two of the latest announcements to be aware of for merchants using the Adobe Commerce and Magento Open Source platforms…
Native Adobe Commerce payment services launching 2021
Until now, merchants using Magento or Adobe Commerce have had to build their own payment processing systems or join forces with a specialist technology partner – and while this can be an excellent option for larger businesses who have the resources to negotiate, it’s not always the best option for smaller businesses.
With Adobe announcing their own native payment processing system, this opens up further opportunities for smaller merchants to grow – giving them access to new markets, the ability to accept different forms of payment, and more. Making payments accessible in the Adobe Commerce platform opens up a whole world of flexibility and customisation for businesses who are looking to take that next step – yet another reason to seriously consider an Adobe Commerce or Magento Open Source build for merchants who are starting to outgrow other platforms.
Adobe Commerce to offer native subscriptions feature
There’s no doubt that consumers are keen on subscriptions – according to research, 81% of households are signed up to at least 1 subscription – that’s a rise from 65% last year, so appetite is only growing. However, offering a subscription service can be complicated – while there are solutions out there for Magento and Adobe Commerce stores, they can be expensive and difficult to set up, not to mention the logistics of making it all work in the background.
But thanks to the announcement of a native Adobe Commerce extension coming to the Marketplace, complex integration at the least could be about to change. According to Igor Gorin, Developer Experience at Adobe, monthly subscriptions will launch first, followed by annual subscriptions, tiers, and more later on. The release is planned for October 2021.
While offering a subscription to your customers can increase revenue, it can also help with stock forecasting, building customer relationships and growing brand loyalty. Ideal for businesses whose products are easy-to-repeat purchases – a no-brainer for food and drink, beauty, household and pet supplies brands.
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