Shopify is a popular eCommerce platform that allows businesses to create their own online stores. It’s been growing in popularity over the past few years, and there are now thousands of stores using Shopify.
One of the reasons for its success is the wide range of features that it offers, including a large selection of payment gateways.
Why Do You Need A Shopify Payment Gateway?
For simple reasons, your customers need a way to pay you. Without a payment gateway, your customers wouldn’t be able to purchase your products or services. Although it may sound like a no-brainer, it’s actually quite important to have a payment gateway for your Shopify store.
First, you want your customers to have an easy and convenient way to pay you of their choice, whether via credit card, debit card, or PayPal. If they don’t have a payment gateway that they’re comfortable with, they may not make a purchase.
Second, you need a payment gateway to protect your business. A good payment gateway will provide fraud protection and security features that will keep your business safe.
And lastly, you need a payment gateway to accept credit card payments. If you don’t have a way to accept credit cards, you’re missing out on a huge portion of the market.
What is Shopify Payment Gateway?
Shopify payment gateway is a payment processing technology that allows customers to pay for goods and services online.
It works by communicating transaction information between the customer and the merchant, making it quick and easy for customers to pay for their purchases. In addition to being convenient, Shopify Payment Gateway is also secure, providing peace of mind for both customers and merchants.
If you handle large volumes of transactions, Shopify Payment Gateway can save you time and money by automating your payments. The Shopify payment provider will also give you access to their customer support team, which can help you troubleshoot any issues that may arise.
Whether you’re a small business owner looking to start accepting online payments, or a customer who wants an easy way to pay for your online purchases, Shopify Payment Gateway is worth considering.
Features to Look for in a Shopify Payment Gateway
When you’re looking for a Shopify payment gateway, there are a few key features to keep in mind.
Your customers should be able to pay you easily and conveniently, whether via credit card, debit card, PayPal, or any other method.
The last thing you want is for your customers to abandon their shopping cart because they couldn’t find a payment method that worked for them.
A good payment gateway will provide fraud protection and security features that will keep your business safe. You should also look for a gateway that is PCI compliant, which means it meets the security standards set by credit card companies.
3. Credit Card Payments
You should be able to accept credit card payments, as this is the most popular payment method among online shoppers. If you’re not able to accept credit cards, you’re missing out on a huge portion of the market.
4. Customer Support
If you have any issues with your payment gateway, you should be able to contact the customer support team for help. In addition, the customer support team should be available 24/seven in case you have any questions or concerns.
The payment gateway should be accessible from anywhere in the world, as this will allow you to sell to a global market. A good example of this is PayPal, which caters to customers in over 200 countries and supports 25 currencies.
6. Transaction Fees
Be sure to check what kind of transaction fees the payment gateway charges, as this can eat into your profits. You may also want to consider a payment gateway that offers discounts for high-volume merchants.
Now that you know what to look for in a Shopify payment gateway, let’s take a look at 11 of the best Shopify payment gateways in 2022 that you should consider for your business.
11 Best Shopify Payment Gateways
1. Shopify Payments
Shopify Payments, a payment technology owned by Shopify, is the ideal place to start. It includes every functionality and solution you’ll need to run your website’s payments process without outsourcing it.
This payment option gives free card readers for hard currency transactions and is designed to make it simple for both shop owners and customers to use. Customers’ payments may take up to three business days to reflect in your bank account.
When it comes to costs, Shopify does not charge any additional fees to establish Shopify Payments. You will be charged only your regular store subscription fee, card management expenses, and other associated costs by Shopify.
Popular in the US and with a range of powerful tools that can be customised to your specific needs, Stripe is a perfect solution for Shopify merchants that makes it easy and affordable to take payments, without any monthly or annual fees.
There’s no need to worry about hidden fees with Stripe – you’ll only ever pay 2.9% + $0.30 per transaction for online payments and 2.7% + $.05 per transaction for physical payments. That’s it!
With an easy integration process and clear pricing structure, Stripe is one of the most popular platforms on Shopify. In addition, Stripe supports of over 135 currencies in 47 countries, which makes it a good choice for businesses that sell internationally.
PayPal is a well-known and reputable payment provider that is trusted by over 220 million customers worldwide. With its easy-to-use platform, PayPal makes it simple for customers to pay you quickly and securely.
PayPal offers both premium and free plans to Shopify store owners, and regardless of the plan you select, you will have access to PayPal’s support staff. Additionally, they provide assistance for setting up subscriptions and recurring payments, making it simple to get set up and start receiving payments.
In addition, there is a PayPal plan to fit the size and budget of each business. The basic plan begins at 2.9% plus $0.30 per transaction, while the Pro plan costs $30 per month and is ideal for larger companies.
4. Amazon Pay
Amazon Pay is a payment gateway that is owned by Amazon, one of the largest online retailers in the world. With Amazon Pay, shoppers can use the payment and shipping information from their Amazon account to pay on your Shopify store.
Shopify merchants can accept payments from customers using their Amazon account credentials. This gateway is a good choice for shoppers who are already familiar with Amazon and have their payment information stored there, which makes it quick and easy for customers to checkout, as they don’t need to input their credit card information or shipping address.
Businesses may accept credit card and electronic check payments through Authorization.net, which is a payment gateway that permits them to do so. It’s one of the most popular payment gateway suppliers, and it integrates with Shopify to give Shopify users a smooth payment experience.
Authorize.net is a secure and reliable way to process payments, and it offers a number of features that make it an ideal choice for businesses of all sizes.
Perhaps best of all, Authorize.net is easy to set up and use, so you can start accepting payments right away. Whether you’re just starting out or you’re looking for a robust payment processing solution, Authorize.net is worth considering.
6. WorldPay from FIS
FIS’s WorldPay is a robust, full-featured payment gateway that offers a wide range of features and options for businesses of all sizes. One of the most popular features of WorldPay is its support for Shopify, one of the leading eCommerce platforms.
With WorldPay, businesses can accept credit card payments, debit card payments, and even ACH payments directly on their Shopify store. This allows businesses to streamline their payment processing and reduce costs associated with traditional payment methods.
In addition, WorldPay provides businesses with a wide range of reporting and analytics tools to help them better understand their customers’ shopping habits and preferences. As a result, businesses can use this information to improve their marketing and sales strategies.
As any online retailer knows, having a reliable and trusted payment gateway is essential for doing business. That’s why so many businesses choose Opayo as their Shopify payment gateway.
Opayo is a leading provider of online payments, offering a secure and convenient way for customers to pay for goods and services.
With Opayo, businesses can accept payments via credit and debit cards, as well as popular e-wallets such as PayPal. What’s more, Opayo offers competitive rates and flat-fee pricing, making it an affordable option for businesses of all sizes.
Klarna is a payment gateway that aims to make the checkout process simpler for customers. It does this by allowing customers to pay for their purchases in installments, rather than all at once.
This can be a useful option for customers who may not have the full amount of money upfront, or who simply want to spread out the cost of their purchase.
Klarna is available as a payment option on select Shopify stores. When checking out, customers will have the option to choose Klarna as their payment method.
Overall, Klarna can be a helpful payment gateway for both customers and shop owners alike. It provides customers with more flexibility in how they pay for their purchases, and it can help shop owners boost sales by giving potential customers another payment option.
Square is a payment system developed by Block, Inc. that enables businesses to accept credit and debit card payments on the go. Square is easy to set up and use, and it offers competitive transaction fees.
Square provides merchants with a payment processor and system capable of accepting mobile payments. Square’s mobile payment reader and your mobile device are all that are required to begin taking Apple Pay and Google Pay at your business.
In addition, Square offers a number of features that are particularly well-suited for businesses that sell online, such as invoicing and digital receipts.
Overall, Square is an excellent choice for businesses that want to take advantage of Shopify’s flexible payments system.
Skrill is an online payment processor that allows customers to pay for goods and services without having to provide their credit card information to the merchant. Instead, customers can pay using their Skrill account, which is linked to their bank account or credit card.
Skrill is an attractive option for merchants because it eliminates the risk of fraud and chargebacks. In addition, Skrill charges lower fees than most credit card processors. For these reasons, Skrill is an increasingly popular option for Shopify merchants as a payment gateway.
When customers choose to pay with Skrill, they are redirected to the Skrill website where they enter their payment information. Once the transaction is complete, the customer is redirected back to the merchant’s website.
Skrill is a safe and efficient way for Shopify merchants to process payments, and it offers customers an easy way to pay without having to provide their credit card information.
Verifone, formerly known as “2CheckOut”, is known for its focus on security and fraud prevention. The company offers a range of devices and software that helps merchants accept credit and debit card payments, as well as e-commerce and mobile payments.
Verifone has now partnered with Shopify, one of the world’s leading e-commerce platforms, to provide a Shopify Payment Gateway. This will allow Shopify merchants to accept credit and debit card payments through their online stores.
The partnership will also give Shopify merchants access to Verifone’s advanced fraud prevention tools. In addition, the Shopify Payment Gateway will be integrated with Shopify’s existing point-of-sale system, making it easy for merchants to start accepting card payments.
Which payment gateway is right for you?
As you can see, there are a number of different payment gateways available to Shopify merchants. Each has its own strengths and weaknesses, so it’s important to choose the gateway that is best suited for your business.
The payment gateways we’ve discussed in this article are some of the most popular options currently available. They all offer merchants a variety of features that can be helpful in making payments and running an online store.
So to answer your question, that depends on your business’ needs and preferences. Do some research, try out a few gateways, and decide which one works best for you.
To your success,