How To Set Up Shopify Payments For An eCommerce Store

Well, starting your business on Shopify Store? Want to set-up Shopify Payments accounts for your store? If yes, then you have finally come to the right place.

Here you know everything about Shopify Payments, pros, cons, how it works, and how to set up an account.

Want to know?

Shopify is one of the most popular eCommerce online stores offering high-end services to shoppers as well as buyers. Millions Of apps, themes, and a safe shopping experience are the foremost factors of this Shopify Store. Then, what about the Payment options?

How do you accept payments from your customers? Most probably using PayPal, Stripe, or any other third-party payment processor. Isn’t it?

Now, it’s easier to shop and pay for anything that you buy in the Shopify Store. Here is good news, shop anything without a commission fee at Shopify.

But how?

Use Shopify Payments for shopping and make your shopping more exciting. What is this Shopify payment? Wait, let me explain to you in detail.

What Are Shopify Payments?

Shopify payment is a process of accepting money from your customers that eliminates the usage of third-party payment processors like PayPal or Stripes. So, you can directly accept the payments from your customers from the Shopify Store.

Interesting!

The best part of this Shopify payment is that it makes it more convenient for customers to pay after shopping. The buyer can use any local popular method from credit cards to Apple Pay. The only major loophole of the Shopify payments is that they are amiable in only a few countries. These include the United States, United Kingdom, Denmark, Germany, Hong Kong, Italy, Japan, Ireland, The Netherlands, New Zealand, Singapore, Spain, and Sweden.

For a better understanding of the Shopify payment process, here are a few pros and cons. Check it out.

Pros:

• Zero commission.

• Easy registration process.

• Complete payment information is available in the Shopify dashboard.

Cons:

• Available in only a few countries

It’s better to read the terms and conditions of the Shopify Payment procedure before setting up an account.

How do Shopify Payments work?

At Shopify stores, customers find numerous payment methods. So, customers can select anyone based on their choice. No matter, whichever payment options customers choose, the shopper receives money through Shopify Payments.

Note: If the buyer is paying money through PayPal or Amazon Pay, then you don’t receive money via Shopify Payments. You receive directly into our PayPal or Amazon Pay accounts. 

For a faster checkout process, Shopify uses Shopify Pay that saves customer’s email, credit card details, billing, and shipping information for future payments. This information is highly encrypted and secured that obeys Global Payment Card Industry Security Standards.

So, do you want to set up a Shopify Payment account?

Steps to set up Shopify Payments.

Once you set up a Shopify Payments account, it’s easier and convenient for the customers to pay through various local payment methods. The sign-in process is pretty simple. You can set up Shopify Payments by selecting the patent option in Shopify settings.

To set up a Shopify Payment option, your banking information and Employer Identification Number are required.

Note: The required information to set-up the Shopify Payment option may vary based on the region.

How to set-up Shopify payments using Desktop, Android, or iPhone:

Step 1: Select Payments

Go to Settings > Payments.

Step 2: Activate Shopify Payments.

You can activate the Shopify Payments in any one of the following methods.

Didn’t you set up a credit card payment provider on your account? If yes, then click on “Complete Account Setup” in the “Shopify Payments” section.

If you enabled the credit card payment provider section, then go to the “Shopify Payments” box and click on “Activate Shopify Payments”. By this process, you remove the other credit card providers from your Shopify account. Finally, activate Shopify Payments using the above-mentioned process.

Step 3: Submit the requirements

Enter the required details regarding the store and bank information. Then save the information. If you are from Europe, then you should provide a VAT number.

Step 4: Complete account setup.

You are just one step ahead.

Make sure to provide accurate information to prevent disturbances in the checking verification processes in the future.

To complete the account set up, go to the “Business Details” section.

Choose your business type.

Add Business, Number, Employer Identification Number, or Taxpayer Identification Number depending on the location of your business. Similarly, add the business address as you mentioned in the business creation documentations.

If you have set up Shopify Payments accounts as LLC or incorporation, then fill in the required details and personal information as mentioned in the form.

Make sure to provide accurate details that match the government verification documents for smooth Shopify Payments account registration.

Congratulations, you have successfully set-up Shopify Payments. Now, configure your Shopify Payments settings and make a trial transaction.

Conclusion

Create the best shopping experience with safe and secured payments like Shopify Payments. Not only is Shopify Payments safe but it makes the payment transaction faster and easier.

If you are looking for perfect payment solutions, then this is for you. Reward your customers with no commission fees for shopping in your Store. This is the best way to attract customers.

Set Up a Shopify Payment account ensuring the secured and easy-to-use payment option from credit card to Apple Pay for your customers. Apart from this if you face any technical issues then you should hire expert Shopify developers to guide you through the process.

Cheers!

Frequently Asked Questions

1. What are the payments accepted in the Shopify Store?

Shopify accepts various payment methods including Amazon Pay, PayPal, Apple Pay, Google Pay, and Shopify pay to accelerate the transaction and billing process.

2. How long should I wait to receive payment from Shopify?

To view the payment in your bank account, it takes 24 to 72 hours.

3. Is Shopify Safe?

Shopify is 100% safe and legit. So, you can copy anything without a hitch. Moreover, Shopify ensures the best safe technology and does not share your personal information with others.

4. Which one should I choose: Shopify or Amazon?

Shopify is best if you want to set up a professional store within your budget.