Payment gateways are in place for safeguarding the businesses that use Shopify and their customers. The security measures stay robust because the payment gateways facilitate transactions using credit and debit cards. While these transactions could be online, they could also be in-person, in case point-of-sale technology is used. With the payment gateways in place, secure transmission of payment data is ensured.
List Of Payment Gateways Are Available For Shopify
Amazon Pay
There is huge number of people who nowadays use an Amazon account. When customer shares their Amazon details, they can easily make a payment through UPI over your store. Amazon payments is easy to accomplish.
While a merchant has an Amazon Professional vendor account, he can set up Amazon Pay over his active Shopify store. While being among the top third-party payment providers Shopify, Amazon’s fees also have to be taken into consideration before setting up the payment gateway. It may not always be the best choice to go ahead with for low volume merchants.
Shopify Payments
over Shopify you run your web mall, then, the dedicated payment gateway for Shopify surely calls for your consideration. This way, the need to set up third-party Shopify payment methods is done away with. Setting up Shopify Payments is not required. It is automatically set up for accepting major payment methods.
Worldpay
Worldpay was set up in 1989. It has vastly been cited to be the second-largest payment gateway platform in the world, after PayPal. In nearly 140 countries, Worldpay is accessible. Furthermore, the support and sales teams of Worldpay are remarkable. This makes Worldpay Shopify payment processing a preferable option to go ahead with.
PayPal
PayPal, undoubtedly, is the greatest payment gateway in the world, and a great alternative in the Shopify payments list for payment gateways. Earlier PayPal is part of eBay, its parent company. But, now, PayPal is an entity by itself.
Simple process: Setting up PayPal is going to take less than a day. PayPal furthermore makes options available for both, paid or free merchant accounts. In case a merchant happens to encounter a problem, the support system made available by PayPal is remarkable as well.
PayPal is among the best third-party payment providers. Upon opening a store, a merchant is granted a PayPal Express Checkout account. This comes with the email that the merchant had used for signing up for his Shopify store.
Stripe
Shopify payment integration with Stripe brings simplicity to setting up Shopify payment system for an online store. While the integration is remarkably easy, the pricing structure is also clear. Shopify payments Stripe further yields the ability for setting up direct debits and recurring bills.
Klarna
Klarna is among the payment providers Shopify with a unique business model that allows customers to buy now and pay later. To derive the maximum value from the best payment method for Shopify, Klarna, a merchant gives the end customer the ability to split the cost into 3 interest-free installments. The end customer can then make payments across the 36 months that follow.
Opayo
Opayo is one of the most preferred Shopify payment options and was earlier used to be known as Sage Pay. It is among the most preferred Shopify payment gateways US and for the UK.
In the case of Opayo, a merchant is not charged a fee per transaction. He instead pays a flat monthly fee based on the number of transactions made. This starts at £19.90 per 350 transactions made monthly.
Square
Square is the best payment gateway for Shopify. It has come to prominence only over the prior few years, and works for online and offline payments alike, using POS hardware.
Square is your preferred Shopify custom payment gateway and connects your web mall with your retail, real-world store. By using the dashboard, you can manage the inventory from a single dedicated location.
Types of Payment Gateways
Shopify payment processing can be broadly subdivided into three subcategories:
- Hosted gateway
Hosted gateways are alternately known as redirect payment gateways. In the case of a hosted gateway, upon making a purchase, an end consumer is directed to the payment gateway page from your site. But, upon completing the payment, the end consumer is redirected back to your website. - Self-hosted
In the case of a Hosted gateways” target=”_blank”>self-hosted payment gateway, the payment data is first collected over the Shopify site. The data is then sent to the payment gateway in the backend. The processing of the payment takes place off-site. - Non-hosted
In the case of a non-hosted payment gateway, a merchant will first collect and then process the payment on the website. The solution calls for additional technicalities, which makes it more popular for larger, enterprise-grade organizations. But the solution demands ongoing support and maintenance.
Conclusion
Shopify payment API lets you connect to a host of payment gateways. Shopify payment gateway integration is simple when building your Shopify website. But, a merchant has to keep in mind certain factors, such as time for setting up the account, options for transaction fees, time taken to receive your payments, provisions for secure transactions, and the technical support system.
