AutomationHow to Set Up Shopify Payments & Additional Payment Methods
Last updated: November 21 2024
CEO
Shopify, a leading platform for building online stores, offers a variety of payment gateways, including its own built-in solution, Shopify Payments, as well as seamless integration with numerous third-party providers.
In this comprehensive guide, we'll walk you through the step-by-step process of setting up Shopify Payments and adding additional payment methods to your store so that you can streamline your checkout process.
Let’s get right to it!
Setting Up Shopify Payments For Your Shopify Store
Before setting up Shopify Payments, you need to take the following requirements into consideration:
- Shopify Payments is only available in specific countries and regions. Check if your store's location is supported.
- You need to enable two-step authentication to protect your account and financial information. Visit the Shopify Help Center to see more about setting up two-step authentication and account security in general.
- After your first sale, you have 21 days to complete your Shopify Payments setup, including business and banking details. Otherwise, payments may be automatically refunded.
- Choose your store's currency before making your first sale with Shopify Payments.
- Only the store owner can change the payment provider.
If your store meets all the requirements, let’s set up Shopify Payment:
Step 1: From your Shopify admin, go to Settings > Payments.
Step 2:
- If you haven't set up a credit card payment provider on your account, then click Complete account setup in the Shopify Payments section.
- If you have already set up a different credit card payment provider, click Activate Shopify Payments in the Shopify Payments box. This will remove any other credit card payment provider from your account.
Step 3: Enter the required details about your store and banking information. If you're eligible, then a Shopify Balance account is created for you.
Step 4: Click Submit for verification
How To Activate An Additional Payment Method
If Shopify Payments is not available in your region or you prefer to use a specific third-party payment provider, Shopify supports a wide range of additional payment methods. Here’s how to activate additional payment methods on Shopify
Step 1: From your Shopify admin, go to Settings > Payments.
Step 2: In the Supported payment methods section, click Add payment method.
Step 3: Search by payment methods or by provider. Select the alternative payment methods from the search results.
Step 4: Click Install
Step 5: Enter your account credentials for the provider you chose.
Step 6: Click Activate.
FAQs
Can I use Shopify Payments and a third-party provider at the same time?
No, Shopify allows only one credit card payment provider to be active at a time.
What are the transaction fees for using third-party providers?
When you use a third-party provider, Shopify charges additional transaction fees, ranging from 0.5% to 2%, on top of the provider's fees. The specific fees depend on your Shopify plan.
Can I accept payments in multiple currencies?
Yes, Shopify supports multiple currencies. You can enable them in your store settings and choose how to convert currencies at checkout.
How can I add alternative payment methods like PayPal or Apple Pay?
You can find and activate these methods in the "Supported payment methods" section of your Shopify Payments settings.
What if Shopify Payments isn't available in my country?
If Shopify Payments isn't supported in your region, you'll need to choose a third-party payment provider from the list of available options in your Shopify admin under Settings > Payments.
Final Thought
You're now equipped to set up Shopify Payments and add other payment gateways to your store, a crucial step towards a thriving online business. Whether you choose Shopify Payments or opt for a third-party provider, ensure you understand the fees, features, and integration process to make the best choice for your business.
Related Posts:
