There are numerous different ways to construct your own online store, and one of them is to select the Shopify platform. It is simple to utilize, has a bounty of different marketing tools, and can be a great choice for various merchants, from new businesses to those aiming at a significant expansion.
However, designing your site and throwing product images and descriptions together is not all you need to get started with accepting online payments even if your clients are ready to purchase. You should think through all the payment processes that would keep all the parties happy with the transaction speed, user experience, and security.
In this article, we’ll look into ways to enable your clients to make payments. Check out our detailed guide on what to do in order to integrate a payment gateway in Shopify.
What is a payment gateway?
A payment gateway is an interface between an order form on an e-commerce site and a merchant’s acquiring bank. It enables transaction data transfer. Therefore, it is an essential service enabling a merchant to get payments online. This solution may be provided by your acquiring bank, but there are also a wide number of third-party providers whose assistance you can use. It is impossible to enable online payments without it, so you must have it. There’s no way around it.
There is a range of things to consider when choosing a service provider:
- Customer experience
- Domestic/international payments
- Currencies and others
You can choose the best payment service provider by comparing the terms and conditions of different companies. It is great that with this platform, a merchant can activate several payment options and offer a wider choice of payments to your customers.
The platform has its own integrated payment gateway. However, there are also more than 100 other reliable payment providers from all over the world that might offer better conditions.
How to integrate a payment gateway in Shopify?
Since the Shopify platform offers a wide selection of payment gateways to select from, we will take a look at each one of them.
Let’s say that you want to launch Shopify Payments. You can easily do this from your dashboard after registering with this service.
To activate Shopify Payments:
- Go to Settings and then to Payment providers
- Click on “Accept payments”, then select “Add a Provider”
- Enable this option and click “Continue”
- Press “Complete Account Setup”
- You will be taken to an online form you need to fill out with the relevant information; Once everything is done, just press the Complete Account Setup.
Shopify Payments advantages
Here are a few Shopify Payments advantages:
- Different pricing plans to choose from starting at 2.9%+30c per transaction;
- No hidden charges;
- Fraud detection and protection as well as risk analysis tools;
- Easy management of orders, payments, and expenses.
Since the company is a partner to many international payment providers, you will find it easy to choose something that matches your requirements the most. Therefore, feel free to choose a payment processor based on your preferences, geo, target audience, and budget.
You can integrate a payment gateway by a third-party payment provider in an easy way from your admin dashboard. For it:
- Go to “Settings” and choose “Payment Providers”;
- Click on “Add a Provider”;
- In the “Change provider” drop-down list, select “Third-Party Credit Card Provider”;
- You will find the list of providers available in different countries;
- You will be taken to an online form that you need to fill out with relevant information;
- Press “Activate.”
Alternatively, you can work with a payment processor, not on our list. Just find the one that meets your needs and get a consult on whether they support the Shopify platform.
From the moment you integrate a payment gateway into your website, your clients can start making payments on your site. And that’s when the real game begins!
Many online merchants (500,000 to be exact) believe that Shopify is the best fit for their online business. Not only does this platform have everything they need to build a great online store, but it is also very easy to use in terms of enabling different payment gateways.
Basically, the entire process can be completed with several clicks (however, in case of a third-party payment gateway the process might take longer). That’s how simple it is. Just follow our advice – and get the ball rolling with your online store!