How To Choose A Payment Provider || Shopify Help Center 2019

How To Choose A Payment Provider || Shopify Help Center 2019

Choosing the right payment provider for your
business can be a little overwhelming when you’re first starting out. This video walks you through what a payment
provider is, the options available to you, and things to consider when choosing a provider. To access the payment providers in your Shopify
admin, click “Settings”. From here, click “Payment providers” to
see the options available to you. What is a payment provider? A payment provider is a system used to process
customer transactions for your eCommerce business. For example, if a customer buys a t-shirt
from your store and uses a credit card at checkout, your payment provider is what captures
the payment. If you’re eligible for Shopify Payments,
you see the Shopify Payment provider already set by default in your admin. This streamlines the process of setting up
a provider because all you have to do is enter your business and bank account details to
start taking payments. Subscribe now for an upcoming video on how
to set up Shopify Payments. Shopify Payments is a payment provider created
and supported by Shopify. Shopify Payments is beneficial for your business
because everything you need is built directly into your Shopify admin. Having everything accessible in one admin
is ideal because it creates an efficient workflow with a company you already know and trust. Shopify Payments is sought after because of
its quick payout periods, competitive credit card fees, and best of all, no transaction
fees. You see your sales and payout details all
within your store’s admin so you can keep track of your money in real-time. To qualify for Shopify payments you must reside
in one of the following countries: Australia, Canada, Germany, Hong Kong, Ireland, Japan,
New Zealand, Singapore, Spain, United Kingdom and the United States with the exception of
the US territories. Keep an eye out for more eligible countries
for Shopify Payments in the near future. Some types of businesses and services are
not permitted to use Shopify Payments. To see whether you can use Shopify Payments,
check the list of prohibited business types for the country where your business operates
in the description below. If you’re not using Shopify Payments and you
want to accept payments, you can choose from over 100 credit card payment providers for
your Shopify store. Check out the link below to see what payment
providers are available in your area. Shopify supports two different types of credit
card payment providers: direct providers and external providers. If you’re using a direct provider, your customers
stay on Shopify throughout the purchase and checkout process. If you’re using an external provider, your
customers are redirected temporarily to a third party checkout outside of your online
store. When choosing a third party provider, there
are a few key factors you want to consider. Do you want to sell locally or worldwide? Which currency do you want to accept? Do you need an internal or external checkout? And do your products meet the terms of service
for the provider? These are important questions to ask yourself
because each payment provider offers different features and fees. If you’re looking to sell worldwide, you
want a provider that accepts multiple currencies to cater to your different markets. You may also want a provider that has multiple
payment methods available. For example, one provider may accept only
certain credit cards while another will accept both debit and credit. Remember, a payment method one country uses
may not be what another uses. Consider who your target market is and what
their financial needs are. Always be sure to read the provider’s terms
of service to see if they accept your business’ products. For example, if you’re dropshipping some
providers put a hold on funds until the products are delivered. Or, if you’re selling something age restricted
a provider may not allow this on their platform. Finally, you want to consider the provider’s
fees to use their service. Compare different credit card rates, transaction,
refund and exchange rates. It’s important to note that Shopify incurs
credit card and transactions fees, so it’s best to look for a provider with a rate that
still allows for a profit margin. Be sure to check out for
help docs on Shopify Payments and third-party payment providers. For more videos on how to grow your business,
subscribe now! If you still have questions, comment below
or contact the Shopify support team directly.

30 thoughts on “How To Choose A Payment Provider || Shopify Help Center 2019”

  1. I am in China. I chose the annual subscription for my Shopify Store, but now I am stuck because I don't know which payment provider is available. PayPal does not accept individual accounts and requires me to register a business account, which is not an option for me at the moment. I would really appreciate your reply regarding this, because otherwise I have just flushed money down the toilet. Thank you in advance.

  2. What if i have an LLC in US but living in South East Asia ? Does shopify payment depends on where your business is set or where i'm living ? And if so, what provider should i use to target europeen countries, usa, canada, australia and NZ ? Thanks for your video.

  3. The problem with PayPal I've heard and experienced is accounts getting suspended or blocked and not accepting payments from certain countries. WooCommerce is another alternative to PayPal.

  4. Hello dear Sister
    Which payment provider can you recommend for a store selling(dropshipping) from Switzerland to the rest of the world?

  5. Hi, which payment provider i should use if i live in Estonia? And who is the most popular and best providers?

  6. Bonjour, Quel fournisseur de paiement devrais-je choisir de vendre depuis la Mauritania (Dropshipping)?. Merci beaucoup

  7. For some reason there a customer billing statement on mines and it's showing amounts of up to 12,000 and I have no idea what it's for

  8. I’m a merchant based in South Korea. I want to create a Shopify store for the North American market but I can’t see a way to have my bank account setup with any of the payment systems. I want to do it with 2checkout but they have the most terrible reviews and horrifying stories. Why would you guys even still do business with such a company??? The options are so limited I am being prevented from starting a store with Shopify.

  9. hi i created my shopify store and when i reach to add payment gate way i am totally blocked because i am living in France and the problem is France is not in the list countries which have shopify payments, and i don't use my store payment just only PayPal because even me i don't use it b4 and i am sure that 99% of my future costumers don't use PayPal , and my target costumers are USA , so it will effects my store
    and i don't know why but i don't see in the payment section to add credit card i don't understand if you use only that 2 method payment whether PayPal or Shopify payment , how about those costumers don't use these neither of these payment

    i tried to contact shopify centre to get help but i don't get answer that is why i blocked

  10. que hago con esto ayuda It looks like this page is redirecting to a page that isn't compatible with this editor. To ensure that your redirect doesn't interfere with the editing experience, replace window.location.href = with = in your theme's JavaScript over here.

  11. Hi, In sri lanka we have payhere, webxpay gateway providers. can we connect one of this with shopify to do the business

  12. If you have a Shopify Store in the United States can someone in Brazil order in your store using Shopify payments? Will their currency automatically convert with the lowest Shopify plan offered?

  13. On my website the checkout looks stupid. Like, you cant just enter your card number and pay. This is why im making no sales. Trying to figure out how to fix it

  14. Which payment provider do you recommend if I am from India and want to sell products in USA and rest of the world from orbelo.

  15. Excellent video! However, I still have a doubt… When completing the information for the shopify payments, it asks for a Vat number (I have no business registered) so, if I desire to use shopify for dropshipping purposes from Spain, what shoul I write in the Vat number section?
    Thanks in advance for your reply. Will give a like and subscribe if reply is provided.

  16. Hello Team Shopify, I have integrated paypal payment gateway and want to pay test product to my personal paypal account but its says seller not receive in your currency can you please help me out?

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