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Shopify Payments — a preferred way to pay in 2021

Shopify Payments — a preferred way to pay in 2021

February 28, 2021

is the epitome of e-commerce and millions of users are starting their online shops every year.

You can’t simply talk about Shopify Payments without mentioning other elements that help the platform give both merchants and clients a seamless shopping experience.

Benefits like straightforward information, seamless shopping experience, post-purchase delivery notifications, and tracking can only help with the multiplying of clients.

People use Shopify because it is an easy way to start selling online and as we talked about in some of our earlier articles about the platform it takes little investment to start in the business.

This article would head in a different direction as we are going to discuss one pivotal element and that is — Shopify Payments.

We are going to dissolve the Shopify payment processing into pieces and will give you answers to questions of big importance for Shopify Payments.

We are going to include topics and questions such as the whole Shopify PayPal situation, Stripe vs Authorize.net, authorize.net vs PayPal, Shopify Stripe solutions, Shopify chargeback, what is ShopPay, Shopify Apple Pay, Shopify store credit and so much more.

Let’s start, before you know it, you will see the pros and cons of PayPal payment processing and other platform payment solutions as well.

What is Shopify Payments?

There are countless threads on Reddit or Quora about Shopify Payments:

Shopify Payments is a third-party service that will make sure all of your Shopify payment processing is taken care of.

It manages all the steps for the customer that has to be made before clicking the final button for purchase. The most common third-party services for this are offered by Stripe, PayPal, and Square.

Of course, in 2021 there is a big solution for people and Shopify has made it even easier to shop without any third-party companies and especially creating a third-party account to manage the Shopify payment processing.

The platform is partnering with Stripe for that and as you can guess, you can expect a “seamless shopping experience”.

There is no need to talk about Shopify Payments vs Stripe because now it is all part of the payment puzzle.

Stripe and Shopify are doing a great job when it comes to joining forces to make online shopping greater for clients in the US and other continents.

Some people are comparing the two platforms and there is not anything to compare. The whole Stripe vs Shopify comparison is useless.

The one (Stripe) is a strict payment platform and the other (Shopify) is an e-commerce software platform. 

There are many Stripe payment reviews online so you can be sure you will find all the information you need about the platform, how to use it, and be sure all transactions will go the proper way.

Pros and Cons of Shopify Payments

Here is what makes Shopify Payments easy to integrate and use.

  • Integration — from your Shopify dashboard you can get it all set up fast.  Controlling your funds has never been easier. No need to log into other accounts along the way.
  • No extra transaction costs — Want to reduce costs and do not want to have hidden ones? Well, you are in the right place.
  • Combine with more payment providers — who said you need to use only one provider? For Shopify PayPal is a great solution, too.

And here are the cons that some people might find to be “too rigid”:

Shopify chargeback fees — when a chargeback is present there are additional fees that have to be paid by you.

  • Not available in all countries
  • Suddenly frozen funds may occur sometimes during suspicious activity or chargeback errors

With the Shopify Stripe bond and the way the Shopify payment processing is made, the team tries to minimize these errors but that still may happen after all.

Get additional help from a customizable tracking page, the process might do wonders to selling more.

Shopify PayPal Payments

When it comes to bonding the giants (Shopify PayPal) in the online world and the way the one platform operates with the other to provide a great Shopify payment processing we can be sure that great service is provided.

Some will say again that the Shopify vs PayPal debate is up and we have to choose which is better, but why not using both platforms? They are made for our own great shopping experience.

Shopify vs PayPal

Here we are going to talk about the difference in transaction fees.

For example, if you are purchasing in the US, fees are 2.9% of the transaction plus a fixed fee but if you are purchasing on another continent, let’s say Europe, the percentage is getting higher — 4.4% plus a small fixed fee. You do see the difference, right?

Also, PayPal charges variable fees when currencies are converted into euros or pounds.  For British pounds, it looks something like this: (e.g. 3.4%+20p to 1.9%+20p) and it depends on the monthly sale volume.

Remember not Shopify vs PayPal is important here but how well you know the rules and follow the regulations. For example, the PayPal payment process takes fees for converting currencies. So think of that when you are selling worldwide. It might surprise you if you are not prepared for it.

Those are some of the significant pros and cons of PayPal. Other than that, it is one of the most trusted and preferred ways to use in Shopify payment processing.

PayPal Payment Review

As we pointed above, there is no need for the whole Shopify vs PayPal challenge. To us, the two platforms are completing each other’s service and can be more than useful for millions of merchants and customers.

We talked about the converted currencies fees that the platform takes in the PayPal payment process.

So many people are asking questions and want to know the answer to this particular one first: “How do I talk to a human at PayPal?”

For more information, you can write them an e-mail request or contact customer service by calling 866-571-3012.

The Shopify PayPal bond is intuitive because if you are facing a problem you might call both support teams of the companies and they can help resolve the problem. 

Whether it is directly for your Shopify payouts, details about a Shopify store credit, or how the PayPal payment process works best you can count on them.

Enough with the PayPal payment review, we already got it that the platform is one of the most preferred in online shopping. There’s no doubt about the Shopify PayPal bonding of services.

Are we recommending the PayPal payment process?

Yes, whether you are asking us or millions of satisfied online merchants and customers, PayPal is the platform that gives trustworthiness to your website and can increase overall conversions.

Along with an outstanding tracking app you can reach incredible results.

Shopify Payments vs Stripe

We mentioned the “Shopify Stripe” situation. Shopify Payments are processed by Stripe.

It is a successful Shopify payment processing but has its terms and regulations and we will point out the most pivotal below:

  • Say no to dropshipping
  • Terminating account with 3% chargeback rate
  • No nudity in products

This might a problem for some merchants as they will try to sell different types of goods on the online market. 

Do not try to sell any nude products or ones that might suggest “nudity” just a little bit because you can get flagged right away.

Stripe and Shopify have shown to be a strong duo but not to the likings of all merchants. And it is pretty normal.

There are stripe com reviews that are negative but that doesn’t have to bother you if you are selling goods and follow all rules.

We are assuring you that Stripe is a powerful fraud prevention tool and can click just right with Shopify.

What is ShopPay?

Shop Pay allows people when they want accelerated checkout. With it, they can save their bank card, e-mail, and more information that is needed for the next payment.

All of the shipping and billing is securely stored so Shop Pay is a wonderful choice for many when they want to make the process faster in Shopify.

Can Shopify Payment processing be accessed by all people?

Not all countries have access to make payments, especially the Shopify payment processing because they are not included in the list here.

With every next year Shopify is adding more countries, so follow all-new details about it. Here is another great source of valuable information if you want to know details on how to set up your Shopify payment processing and run your store.

Shopify payouts are a complex process behind the curtains but it is that way just to get easier for all customers and in a few clicks to be able to shop seamlessly worldwide.

How to set up the Shopify Payment Processing?

Well, the steps are so easy to follow that we first thought not to mention them in the article but we are here to help you and provide quality information on Shopify payouts.

  1.  Log in to your Shopify backend
  2.  Below “Settings” you need to choose “Payment providers”
  3.  Click on “complete your Shopify Payments setup”
  4.  In Shopify Payments, you need to add business details, personal details, and banking details
  5.  There’s an approval before you can start, so that is about it. You can do it in less than 5 steps

Below you can see where you should go and change the settings. 

How does Shopify Payment Processing fund?

When we are talking about the grand moment of Shopify payment processing, then this is it.

You can track all the funding and money from the dashboard of your Shopify store. Isn’t that awesome?

If you are working in the United States, then funds might come in 3 days in your bank account. For other users, it might take about a week and even more, depending on currency conversion and the process itself.

It’s all good until Shopify freezes the funds. That’s the moment that can be frustrating even to merchants that are doing everything the proper way. But don’t worry, the whole Shopify payment processing will figure out all mistakes.

Stripe vs Authorize.net

Both platforms are excellent but Stripe might be more convenient as it is made more simple. Stripe is made to be a one-stop-shop and implemented with Shopify Payouts it can be easier to acknowledge that it is great for online shopping.

The core features of Stripe are payments, connect, and billing. When it comes to pricing, they are both similarly priced and this decision will come to personal preference over the possibilities the payment platforms will give you.

If we are talking about ease of use and excellent customer support both companies got it. There is no need to fight the war on Stripe vs Authorize.net.

Both companies will give quality for reasonable pricing and will get along incredibly well with Shopify and quality shipment tracking after that.

Truth be told, the whole Authorize.net vs Stripe is not needed if you are a starting merchant. Both platforms will offer a lot.

You can go with Stripe as the company is working with Shopify by default so there are benefits you can get just by launching your Shopify merchant account.

If you decide to choose Shopify Authorize.net for your online shop, then you might pay more expensive fees and cut on some benefits that Stripe has.

We should end this mad comparison between Stripe and Authorize net, Shopify  PayPal, Shopify Apple Pay, Authorize Net vs PayPal, or PayPal vs Square vs Stripe. What’s the point of this?

They are all professional platforms and the best. It comes to personal preference and needs to choose among them and continue with Shopify Payments.

Shopify Apple Pay enabling

Customers using Apple products can purchase with Shopify Apple Pay and find information here why it is secure and convenient for the users of the brand.

The Shopify Apple Pay method is just another way to access Shopify Payments. Make sure to enable it if you are an online merchant, that’s the sure way you will end up attracting more customers.

PayPal vs Square vs Stripe

All three are similar online credit card processors with almost the same pricing. For example, Stripe and PayPal both charge 2.9% plus $0.30 per one online transaction. Everyone knows PayPal but Stripe offers more tools for almost the same pricing.

Square is also good and many people are choosing to go with it. The verdict here is not this cheesy debate on PayPal vs Square vs Stripe but what of the three offers more for less.

If we are talking easy usability, then go with PayPal. The PayPal payment process might be the easiest to follow.

If you want more advanced tools and options, choose Stripe. It is also perfectly blended with Shopify as of 2020 and 2021.

Square is considered to be the “business toolkit” for people and businesses. So you might as well go with it and give it a chance.

All three options are great. That’s what we have to say.

Stripe and Shopify are showing astounding results together, but if you go with PayPal or Square, you can expect only the best.

Along with Shopify Authorize net, the three options above are quality tools to run your business safely and securely.

Some final thoughts

It is possible to do variable combinations of your checkout platforms, set Shopify Payments and yet, use PayPal at checkout.

Provide great payment processing to your customers as well as some other benefits like branded tracking software, and impeccable UX and you can reap huge benefits from this alone.

When we talk about payments, we have to be precise and provide all information about billing, prices, and additional costs to customers just to know all details when purchasing.

Clients love to see that type of information on your online shop because it is usable and it builds trust in your brand, cause, and shop. This ultimately will help with more clients, sales, and conversions.

All Shopify payouts must be précised and straightforward. Keep the customer in a straight line when purchasing, step after step. That’s how it is done.

 By giving them information on the product, all additional costs, payment information, and terms you can be sure of multiplying your client base.

Georgi Kondev is a copywriter and SEO specialist @ Rush — the most versatile Shopify Shipment Software. He is passionate about delivering outstanding copy and bringing real results to the table.


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