Have you heard about Shopify payments? This payment gateway runs on Stripe, known as a payment processing firm making a big splash in the industry. Below, we shall address key things you should understand about Shopify payments.
Overview of Shopify payments
As a built-in payment gateway of Shopify, Shopify payments allow purchasers to automatically process payments through the main payment providers, including Shop Pay, Google Pay, Apple Pay, Discover, American Express, Mastercard, as well as Visa. Sellers in many countries can have this gateway on hand, for example, the US, UK, Spain, Japan, Germany, Denmark, Belgium, Australia, Ireland, and so on. When it comes to the Shopify payments fees, they have to do with your type of subscription. If your subscription has a higher level, the gateway will cost less.
How about the security of these payments? With it, every payment processed on your site and all the money transferred to your bank account has a high level of safety and security. This is because Shopify complies with Level 1 Payment Card Industry Data Security Standard. Take a look at some features that Shopify claims to its sellers.
Benefits of Using
Moving at the speed of Shopify enhancements
This gateway is designed for the platform; therefore, any time Shopify experiences an evolution, it will as well. Shopify is good at improving to perfect the experience of its sellers and purchasers. Therefore, you can have peace of mind that it will satisfy today’s industry needs.
Different payment options
Just activate this gateway, add details of your bank account, and call it done. Your purchasers will be granted automatic access to every main payment provider. Effortless for you, convenient for them.
BNPL (Buy Now Pay Later) solution
Thanks to Shopify’s Shop Pay Installments, you are able to provide your purchasers with the freedom of spreading costs. Use this way and you can be better at upselling as well as reach more new customers and gain trust and loyalty.
How to set up Shopify payments
Step 1: Go to the Shopify admin. Here, choose Settings, then Payments.
Step 2: Utilize one of these methods for Shopify Payments activation:
- In case your account does not have a complete setup of a credit card payment service provider yet, you need to go to the Complete account setup part to do this.
- In case you get another payment service provider enabled, go to the dialog box and the Shopify Payments section, then choose Activate Shopify Payments. Doing this will eliminate any other payment providers from the account.
Step 3: Add the specifics needed regarding your bank and shop and click Save.
Golden setup tips:
- As customer bank statements include the phone number near the statement descriptor, you should utilize a corporate phone number.
- As customer bank statements also include the statement descriptor, for the avoidance of doubt, you should add your corporate name clearly.
In conclusion, we hope that you can draw a better picture of Shopify payments. Yet, in case you still need some help, feel free to call us.