The Ultimate Guide To Shopify Payment Methods
If you're looking to set up a shop online, you'll want to take a look at Shopify as an eCommerce platform. It's one of the most popular platforms out there, and for good reason - it's easy to use and offers tons of features. But before you can start selling, you need to choose a payment method. In this guide, we'll explore the different payment methods available on Shopify, and help you decide which is right for your business.
By the end of this article, you'll know everything you need to know about payment methods for your Shopify store. Let's get started!
How Shopify Payments Works
Shopify Payments is the built-in payment processor for Shopify stores. It allows you to easily accept payments directly on your store with no setup fees or monthly charges. You simply pay a competitive transaction fee when you make a sale.
Benefits of Using Shopify Payments
- No setup fees or monthly charges
- Accept major credit cards, PayPal, Apple Pay, and Google Pay
- Available globally to expand your business
- Comes with fraud protection tools
- Discounted shipping rates if using Shopify shipping
Payment Methods Available
With Shopify Payments you can accept:
- Credit cards (Visa, Mastercard, American Express)
- Debit cards
- PayPal
- Apple Pay
- Google Pay
You can choose which payment methods you want to accept. The most popular options are credit cards and PayPal.
How to Set Up Payment Methods
Adding a payment method in Shopify is simple:
- Go to Settings > Payments
- Select a payment provider
- Enter your account details
- Save the payment method
Repeat for each payment method you wish to activate.
Choosing the Right Payment Method
Consider ease of use, fees, security, and customer convenience when selecting payment options. Offering flexible payment methods can increase conversion rates.
Optimizing Your Checkout Process
An optimized checkout process is critical for maximizing revenue. Follow these tips:
- Eliminate unnecessary fields
- Offer multiple payment methods
- Provide order tracking
- Offer support for any issues
The easier the checkout, the more likely customers will complete purchases.
Conclusion
Shopify Payments makes accepting online payments easy with no monthly fees. Offer flexible and secure payment methods to increase conversion rates. Follow tips to optimize checkout process for increased sales.
Recommended: How Much Does It Cost To Start A Shopify Store?
FAQs
What is Shopify Payments?
Shopify Payments is the built-in payment processor for Shopify stores. It allows merchants to accept online payments directly on their store with no setup fees or monthly charges.
What payment methods can I accept?
Major credit cards, PayPal, Apple Pay, Google Pay and others. You choose which payment methods to activate in your store payments settings.
What are the transaction fees?
There are no monthly fees. You pay competitive transaction fees starting from 2.4% + 30¢ per online sale.
Is Shopify Payments secure?
Yes, Shopify Payments meets industry security standards and comes with advanced fraud protection tools.
What countries is Shopify Payments available in?
Shopify Payments is available globally in approved countries. Check Shopify website for full country list.
Can I use my existing payment gateway?
Yes, Shopify provides integration with many popular external payment gateways.
How do I get support for Shopify Payments?
You can contact Shopify Support or check out help articles in Shopify Help Center.
