When talking about your Shopify business, “payment methods” refers to the many ways your consumers may make a purchase. Customers may confidently and easily send you money using these options. When a client purchases your Shopify store, the payment provider begins processing the transaction when the consumer initiates payment. This feature communicates the customer’s sensitive information to the card’s issuing bank. If the transaction succeeds or fails, the payment provider is responded.
Here Are the Top 10 Shopify Payment Options
Now that you know what to look for in a Shopify payment provider, here are ten of the platform’s most reliable options:
Table of Contents
1. Shopify Payments
As the list’s namesake suggests, Shopify’s payment processing service, Shopify Payments, is an excellent place to begin. Everything you need to handle and process payments on your website is included in Shopify Payments, so you won’t have to use a separate service.
Through this system, merchants may get a free card reader to accept payments in-store. Customer payments may take up to three business days to appear in your bank account.
When using Shopify Payments, you won’t have to worry about paying Shopify’s standard transaction cost of 2.2%, which applies to all other external payment processors. As a result, your operational expenses will be lower. If you decide to increase your Shopify plan, you’ll also benefit from reduced expenses for processing credit card payments.
Shopify Payments is designed for simplicity, both for merchants and their customers. It has an easy-to-use UI.
With Shopify, you won’t have to spend anything more to enable Shopify Payments. Shopify will only charge your standard monthly membership cost for your store and any fees associated with card processing and other similar services.
Pros
- There are no further costs for using Shopify Payments.
- It enables constant tracking in real-time.
- The interface is easily configured and integrated.
- It includes high-security characteristics.
- It has a streamlined checkout procedure.
- It offers cheaper processing fees than the other payment options offered by Shopify.
Cons
- Only a select few nations have access to it at this time.
- Until further notice, Shopify may withhold payment.
2. PayPal
Regarding accepting payments on Shopify, PayPal is a popular option. More than 220 million users put their faith in it. It’s simple to use, and creating an account usually takes less than a day.
Shopify merchants can choose from two different premium options offered by Paypal. The Paypal help desk is available to anyone who subscribes to these plans. In addition, it helps you organize subscriptions and repeat billing. Multiple purchasing tiers are available through Paypal. Pricing for the foundational plan begins at 2.9% + $0.30 per month.
The cost of the Pro plan is $30 per month. For corporations of a specific size, this strategy will work well.
Pros
- The cost is simple and flat-rate.
- When using PayPal, you can choose from several different currencies.
- provides a simple mobile interface
Cons
- The quality of customer service varies.
- One morning, PayPal may decide to wake up and terminate your account.
3. Stripe
Stripe is another well-liked option for accepting payments from both domestic and foreign consumers. It has a ton of built-in tools for scaling up quickly. With these features, it’s perfect for large online stores. You may use Stripe to bill clients and establish recurrent subscriptions.
With Stripe, you can maintain tabs on your sales without effort and overhead. The Stripe mobile app may be used for all of these purposes. Stripe’s transaction fee is 2.9% plus $0.30. E-commerce giants may get a rate explicitly tailored to their needs.
Stripe will charge 1% for immediate deposits into a bank account. A 1% processing fee will be added to your total if the money is sent from a foreign country.
Pros
- It may be operational in little time.
- Stripe’s flat-rate pricing structure is simple.
- There are no initial or termination costs to you.
- Multiple payment methods are supported.
- Multiple currencies and payment options are supported.
- It offers a flexible checkout process that may be tailored to the user’s needs.
- Superior assistance for clients
Cons
- Having a little steeper learning curve than average
- There are just roughly 39 countries where Shopify store owners may use it.
4. Authorize.net
Shopify customers may rest easy knowing the reliable Authorize.net processes their financial data. The platform is intuitive and full of valuable tools that you’ll put to good use. As well as accepting credit cards, Authorize.net also processes electronic checks, and payments made via mobile device payment methods are accepted, including Visa, JCB, Discover, MasterCard, Diner’s Club, and American Express.
Shopify’s payment method is highly protected by measures including tokenization of client cards and automatic fraud detection. To top it all off, it works with various digital payment methods, including Apple Pay, making it an excellent choice for Shopify site owners.
Authorize.net charges $49 for setup plus 2.9% + $0.30 each transaction.
Pros
- It’s compatible with a wide variety of currencies and payment methods.
- Features advanced protections against fraud.
- Superior assistance for clients
Cons
- It might be pricey for some shopkeepers.
- Shopify merchants could be perplexed by the platform’s integrated features.
5. Opayo
U.S. and U.K. retailers can choose from several Shopify payment options, including Opayo (formerly SagePay). Its pricing model is entirely different from that of competing payment gateways. Opayo’s payment software may be used both online and offline. It’s a dependable system that accepts various payment methods (card terminals, web and phone-based orders, and more). It places a premium on safety during financial dealings, which is why it supports PayPal as a payment option.
Opayo is a safe and trustworthy payment alternative for online businesses. While it has a customer authentication process, the level of security isn’t always up to par. The lengthy account verification procedure on Opayo, which often takes about five weeks, is a severe drawback. There will be no transaction management available during this period.
Opayo is slightly different from the other Shopify payment alternatives on our list. Instead of paying transaction fees, you’ll pay a flat monthly cost, starting at 19 GBP (about $2.50) for a month with 350 transactions or fewer transactions.
Pros
- Superb assistance for customers
- Simply put, it’s a breeze to use.
- Fast and simple Shopify integration
- Methods of low-cost pricing
Cons
- Authentication and verification of accounts is a time-consuming, laborious operation.
6. VeriFone
Formerly known as “2CheckOut,” Verifone is a payment option for Shopify that is not as widely used as the others.
This Shopify payment option is unique because it lets you choose whatever things you need for your business. Verifone’s risk management and compliance features allow you to monitor the possibility of fraud and privacy breaches. The tax calculator function helps you keep track of your tax obligations with minimal effort.
Verifone doesn’t cost anything, as far as we know. But there will be a fee associated with each transaction you handle.
Pros
- Its price is simple and flat.
- Widespread Impact
- Help with a variety of payment methods.
Cons
- Shopify merchants peddling potentially dangerous goods are not eligible for this service.
7. WorldPay
For both large and small Shopify shops, WorldPay is a reliable payment gateway that supports a variety of secure payment methods. With this strategy, you may sell your wares online and take credit card, debit card, and PayPal payments.
WorldPay offers two tiers of service, Basic and Premium Gateways. They have monthly payments of £19 and £45.
WorldPay is great since it accepts payment in over 120 different currencies. Additionally, there are no fees associated with receiving a refund.
Pros
- Good support for customers that need it
- Puts a fee on the number of transactions you handle
- Protecting against fraud using state-of-the-art technology
- Over a hundred nations now stock it.
Cons
- With a price structure that’s hard to understand
- The website’s content is not explicit enough.
8. Klarna
Regarding Shopify payment options, Klarna is one of the best and easiest to use. It’s possible to make a purchase immediately and arrange for payment later. If you sell expensive things, this setup will allow you to provide your consumers the flexibility of making payments over time.
Klarna’s price is straightforward, as are all of their programs. The fee for processing payments made in British Pounds or Irish Euros is 2.49 percent plus 0.20 British Pounds for each transaction. The price may change when accepting payments from outside of the United States.
Pros
- Facilitates a quick and easy purchasing process
- Simple Shopify integration
- You can make payments in installments if you like.
- Cost-effective financial dealings
- Merchants using Shopify have their money in hand when a customer checks out.
Cons
- Insufficiently quick client service
9. Square
We ranked Square as the ninth most trustworthy Shopify payment option. It may be used to handle both online and offline transactions. So, if you have a store, virtual or otherwise, you can trust Square as a secure payment option. Additionally, your Shopify business may benefit from various useful Square extensions. It also includes a dashboard for keeping tabs on business activity, including purchases, payments, and stock levels.
Store owners on Shopify may take advantage of a variety of payment plans thanks to this feature. Donations, membership dues, appointment booking costs, and daily business deals fall within this category.
Squarely is PCI certified and employs end-to-end encryption to ensure the security of all financial transactions processed through its platform. Payment can be made to your bank account in as little as two business days.
The default cost for a Square transaction is 2.9% plus $0.30. The Square premium plan starts at $12/month and is well worth the money if you want to get the most out of Square.
Pros
- System of fixed prices
- Excellent service for customers
Cons
- It’s not scalable to accommodate a vast enterprise.
- Issues with account stability are possible.
10. Amazon pay
Sellers using Shopify may accept payments with Amazon Pay, another fantastic option for accepting credit cards. It’s simple to do, and your consumers will appreciate the option to use their Amazon credentials at checkout. The transactions completed by your clients through this payment option are quick and secure, and it is accessible to them no matter where they are located.
We highly recommend Amazon’s premium customer care. The minimum cost for processing a transaction is 2.9% plus $0.30.
Pros
- It’s quite simple to operate.
- Amazon’s merchants have access to their fraud prevention tools.
- Setup and integration with Shopify are a breeze.
- It alleviates the hassle and inconvenience of entering credit card information for clients.
Cons
- Payment may only be made with an existing Amazon account.
- PayPal is not an accepted payment option.
- The likelihood of having your Amazon account suspended due to suspected rule-breaking is high.
Wrapping It Up
We hope this provides you with a comprehensive set of Shopify payment gateways to select from. Many criteria, including the nature of your business, will determine which payment gateway works best with your Shopify site. Consequently, it would help if you thought about the value you will receive vs. the price.
