Shopify is a popular e-commerce platform because it lets businesses make their own websites even if they don’t know much about technology. In the last few years, Shopify’s popularity has exploded, and now thousands of stores use the e-commerce platform.
Its success is due to many things, but one of them is the large number of payment gateways it supports.
Why Have a Shopify Payment Gateway?
It’s clear that you need a way for people to pay you. If you don’t set up a way for customers to pay, they can’t buy what you’re selling. Even though it may seem obvious, your Shopify store can’t work without a payment gateway.
Your customers should be able to pay you as easily and quickly as possible, whether they use a credit card, a debit card, or an online payment service like PayPal. If they can’t find a way to pay that works for them, they might not buy from you.
Why is Shopify called a “Payment Gateway”?
Payment gateway technology makes it easy for Shopify’s clients to pay for goods and services.
It does this by making it easier for the customer and the store to share transaction details, which speeds up and simplifies the payment process. When using the Shopify Payment Gateway, both customers and store owners can feel safe that their financial information is safe.
If you do a lot of transactions, the Shopify Payment Gateway’s automatic payment processing can save you time and money. If you have any problems, you can call the customer service team of Shopify’s payment provider for help.
How to Choose a Trustworthy Shopify Payments Gateway
When looking for a payment gateway that works with Shopify, there are a few key things to look for.
No matter what method they use, it should be quick and easy for your customers to pay you (credit card, debit card, PayPal, or another option).
You don’t want your customers to give up on their purchases because they couldn’t find a good way to pay, so you should give them as many options as possible. That’s a risky thing to do, and it might cost you business.
You can be sure that a reputable payment gateway will stop fraudulent transactions and protect your business with extra security measures. Look for a gateway that is PCI compliant, which means it follows the security rules set by the major credit card companies.As a second important step, you need to find a gateway that meets PCI standards.
3. Credit Card Payments
Credit card payments are the most common way for people to buy things online, so you need to be able to accept them. If you can’t take credit cards, you will turn away a lot of potential customers.
4. Customer Support
If you are having trouble with the payment gateway, please ask for help from the customer service team. If you have a problem or a question, you can talk to a customer service rep at any time, day or night, seven days a week.
If the payment gateway can be accessed from anywhere, you’ll be able to sell your goods to people all over the world. In this way, PayPal is a good example because it has customers in more than 200 countries and works with 25 different currencies.
6. Transaction Fees
You should look into the fees that the payment gateway charges for each transaction because they could affect your bottom line. Another thing to think about is a payment gateway that gives retailers volume discounts.
Best Shopify Payment Gateways
1. Shopify Payments
Shopify Payments, a payment system developed and owned by Shopify, is a great place to start. It provides all the features and solutions you need to manage the payment process on your website without having to hire a third party.
PayPal is the most popular payment gateway for Shopify stores.This service is safe for both consumers and business owners around the world.Customers can use their PayPal balances, credit cards, bank accounts, or buyer credits to make payments (currently only available in the United States and the United Kingdom).
Due to how many people use it all over the world, PayPal is thought to be the best payment gateway option that can be added to a Shopify store. Shopify’s default payment gateway is PayPal Express, so you’ll have one once you’ve set up your store.
Shopify merchants can also choose from Stripe, which is one of the most popular alternatives to the other payment gateways. This is because Stripe gives you a lot of freedom over how your payment processing gateway is set up.
This platform in the cloud is very reliable and can store the financial information of millions of users.
Integrating your Shopify store with Stripe is a simple process that requires you to enter your store credentials, credit card information, and other relevant information. When you connect Stripe to your Shopify store, you can then offer your customers safe and secure payment processing.
Is it getting harder and harder to keep track of all the information your Shopify store needs to process payments?Here, the only place you can finish your purchase is at 2Checkout.
You can use 2Checkout’s reporting and analytics tools to keep track of how your Shopify store is doing financially.
Installing the 2Checkout ConvertPlus Connector is the first step in integrating 2Checkout with your Shopify store. Step two is to do exactly what the documentation says to do.
Opayo, which used to be called SagePay, is a payment gateway platform that works with Shopify and lets you accept payments from customers anywhere in the world. This system is easy to use, and it can handle many different kinds of currency transactions.
Customers have more ways to buy things from your store because you accept a variety of payment methods, such as Visa and American Express credit and debit cards. Using Wallee, Opayo, and Shopify together makes it easy to integrate. Sign up for an account and choose Opayo as your preferred payment processor to link your store to Wallee.
WorldPay is another popular payment gateway platform in the UK that is included here. It is the best payment gateway platform because it can handle up to 26 million transactions every day. WorldPay works in more than 40 countries and lets you choose from more than 120 different currencies, so you can reach a wide range of customers.
WorldPay is the best choice if you want to sell subscription-based products because it has a wide range of customizable recurring billing options and is easy to add to your Shopify store.
Skrill is the most popular way to pay in Europe. You can accept credit cards, debit cards, and other forms of payment through Shopify’s built-in payment gateways.
This feature, which works with more than 40 different currencies, will let you, as a store owner, see all the details about reporting and the status of transactions.
When you use Skrill as the payment gateway for your Shopify store, you will be charged 0.9% plus EUR 0.29 for debit/credit/prepaid card transactions and 0.5% plus EUR 0.29 for Rapid Transfer fees. These fees will be taken off your final sale price. When a refund is made, the system adds 0.49 EUR.
8. Amazon Pay
Amazon Pay is owned by Amazon, which runs what is probably the most successful e-commerce platform in the world. When your customers use Amazon Pay to buy something from your Shopify store, their payment and shipping information will be saved in their Amazon account.