Understanding Kajabi Payments
Kajabi in 5 Minutes Episode 10: Understanding Kajabi Payments
In this episode of Kajabi in 5 Minutes, we explore Kajabi Payments. Available in several countries, it works on Stripe's backbone and offers similar fee structures. You can include Apple Pay, Google Pay, Klarna, and Afterpay in your checkout pages. Kajabi Payments also provides comprehensive payment management and analytics within Kajabi, making it user-friendly. Multi-currency collection is another feature, allowing for favorable foreign exchange transactions.
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Episode Transcript
Welcome! I hope your day is awesome. Today, I'm going to be talking about Kajabi Payments. Let's get right into it.
Availability and Basics
Kajabi Payments is available if you are in Canada, the United States, Australia, or the United Kingdom. It works on the backbone of Stripe, so the fee structure is basically the same as Stripe. There may be some technical differences, but they are generally negligible.
Payment Options
With Kajabi Payments, you can include Apple Pay and Google Pay in your checkout pages. You can also add third-party services like Klarna or Afterpay, which pay you upfront and then collect payment from your client. These services offer different terms, allowing clients to pay in installments while you receive the full amount upfront.
Credit Cards and Additional Services
You get all major credit cards, Apple Pay, Google Pay, and the option to activate Klarna and Afterpay. If your client wants to use these services, they engage the process themselves, so you don't have to worry about it.
Payment Management and Analytics
Kajabi Payments includes all payment management and analytics within Kajabi. You can send receipts, pause or cancel payments, and view payment history—all within Kajabi. This is great if you prefer Kajabi's user-friendly interface over other platforms like PayPal or Stripe.
User Experience
Stripe is a powerful and robust payment processing platform, but it can be intimidating for non-developers. Kajabi simplifies this with a user-friendly interface designed for people who don't want to deal with complex developer tools.
Convenience of Apple Pay
Studies have shown that once people switch to Kajabi Payments, a significant portion of payments come through Apple Pay instead of credit cards. Apple Pay is very convenient, and convenience is crucial for a smooth checkout experience.
Multi-Currency Collection
Kajabi Payments allows for multi-currency collection, which is great if you have clients in different countries. For example, you can collect payments in US dollars and have them deposited into a US bank account, then convert to Canadian dollars on your terms. This avoids automatic conversion fees and allows you to manage foreign exchange transactions more favorably.
Conclusion
Kajabi Payments is worth looking into if you are using Kajabi to collect payments. It's a good platform, and I've been using it and enjoying it.
