10 Shopify Payment Options That Every Business Should Know
Shopify has become one of the best platforms for various businesses to start selling online. With its versatile features, it has gained a lot of sellers and customers in recent years. Statistics say that as of 2023 there are 4 million active Shopify stores.
Such tremendous growth of the platform has made it the right choice for businesses to set up their store with Shopify. Setting up the store is only half of the work. With various payment options available, you must integrate the right payment, that is widely used by people. If you there’s no payment option for What they’re looking for, the customer might not complete the purchase. You don’t want it to happen right? Then there is a simple solution. All you have to do is partner with a Leading Shopify Development Company. They can help you with setting up your themes, store, payment options, etc Following are some of the best payment options available.
Top Payment Options Available on the Shopify Platform
Selecting the right payment gateway is crucial for the success of your Shopify store. With numerous options available, it can be challenging to determine which one is the best fit for your business. To help you make an informed decision, we’ve compiled a list of the top 10 Shopify payment options available in the USA. These gateways offer a range of features, competitive pricing, and excellent support to help you manage your online business effectively.
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Shopify Payments
Shopify Payments is Shopify’s native payment gateway. It provides a seamless integration with your Shopify store, offering competitive transaction fees and a simple setup process. It eliminates transaction fees if you use it as your primary payment method, which can save you money in the long run. Shopify Payments is an excellent choice for merchants looking for a straightforward payment gateway that’s easy to set up and use.
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PayPal
PayPal is a widely recognized and trusted payment solution that seamlessly integrates with Shopify. It offers customers the option to pay via their PayPal account or credit card, providing a flexible payment option for shoppers. PayPal’s fraud protection, versatility, and widespread popularity make it an excellent choice for online businesses.
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Stripe
Stripe is a highly flexible payment gateway that allows you to accept payments from around the world. It offers robust security features, excellent developer tools, and competitive pricing. Stripe integrates seamlessly with Shopify and supports various payment methods, making it a popular choice for eCommerce businesses. Stripe’s advanced features make it an ideal choice for merchants looking for a payment gateway that can handle complex transactions.
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Square
Square is known for its user-friendly interface and comprehensive payment processing solutions. With Square’s integration with Shopify, you can accept payments in-store and online seamlessly. This flexibility can be a significant advantage for businesses that have both physical and online presences. Square’s payment processing solutions are ideal for small businesses looking for a simple payment gateway that’s easy to use and reliable.
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Amazon Pay
Amazon Pay enables your customers to use their Amazon account to complete purchases on your Shopify store. This provides a trusted and familiar payment option for shoppers, potentially increasing conversion rates. Amazon Pay’s integration with Shopify is straightforward, making it a great choice for merchants looking to offer a seamless payment option to their customers.
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Authorize.net
Authorize.net is a trustworthy Shopify payment processing gateway. The platform is easy to use and packs a lot of features that will interest you. Authorize.net supports online payment processing, e-check processing, and mobile payment processing. It also supports different payment options like Visa, JCB, Discover, MasterCard, Diner’s Club, and American Express.
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Verifone
2Checkout, recently rebranded as Verifone is a global payment processor that offers support for multiple languages and currencies. It is a suitable choice for Shopify stores targeting an international customer base. With 2Checkout, you can accept payments in over 15 languages and 87 currencies, making it a versatile payment gateway for businesses looking to expand globally.
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Worldpay
Worldpay is a payment gateway with an extensive list of features, including recurring billing and fraud protection. It’s a robust choice for businesses looking for advanced payment processing capabilities. Worldpay offers a range of features, including online payment processing, mobile payments, and more.
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Apple Pay
Apple Pay is an innovative payment solution that helps users conveniently pay and shop online without always needing to enter their card and shipping details. Customers with Apple devices can quickly check out, making it faster than credit cards or cash. Apple Pay is secure, and the platform lets users verify their ID with Touch ID or Face ID, providing additional reassurance to your customers.
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Opayo
Opayo, formally known as SagePay, is one of the popular Shopify payment solutions available to merchants in the United States and the United Kingdom. It has a unique pricing structure that is very different from other high-risk payment solutions. With Opayo, you can use payment software both online and offline, providing flexibility to your payment processing options. Its reliable system also provides access to different card terminals, online payments, phone orders, and more.
How A Leading Shopify Development Company Can Help
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Custom Payment Gateway Integration: Shopify development companies can integrate custom payment gateways that align with your specific needs. Whether you want to incorporate regional payment options or unique methods, these experts can make it happen.
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Security and Compliance: They ensure that your payment options are fully secure and compliant with industry standards, such as PCI DSS (Payment Card Industry Data Security Standard). This helps protect your customers’ sensitive information and your business from potential risks.
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Internationalization: If you want to expand your business globally, these companies can help you integrate payment methods popular in various regions, facilitating cross-border transactions and expanding your customer base.
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Payment Gateway Recommendations: They can offer expert advice on selecting the right payment gateways for your business, based on your target audience, industry, and other relevant factors.
Shopify has unquestionably established itself as a leading e-commerce platform, with a remarkable surge in popularity and a burgeoning community of sellers and customers. As of 2023, the presence of 4 million active Shopify stores stands as a testament to its prowess in the world of online retail.
The success of any Shopify store, however, goes beyond just setting up shop; it extends to choosing the right payment gateway. The array of options can be overwhelming, and this is where partnering with a Leading Shopify Development Company can prove invaluable. These experts can help businesses navigate the payment landscape, ensuring a seamless and secure transaction experience for customers.