There is no doubt about the fact that a payment gateway is necessary to authorize transactions and ensure that your customers are able to checkout without hassles. Shopify has made it easy for you to select the perfect payment gateway that suits your business. The reason is that Shopify provides you with a range of ways to accept payments through the payment gateways. While the list of payment gateways available on Shopify is pretty extensive, we want to discuss 10 of the best payment gateway providers that you can choose on Shopify.
This payment gateway provider by Shopify enables you to accept payments that are made online. It makes it simple for you to manage and run your business while knowing how your store is doing at the same time. The benefit of using Shopify Payments is that your transaction fees will be waived every time one of your customer purchases anything from your online store. A brilliant feature of Shopify is it makes it easy for you to manage chargebacks.
Amazon Pay is one of the most popular payment gateway providers used all over the globe. Since Amazon has a large customer base, you can make use of potential customers by offering them the ability to pay using Amazon Pay. It might even help to lower the cart abandonment rate of Amazon customers.
Amazon Pay is one of the most popular payment gateway providers.
Skrill allows you to accept credit cards and debit cards within a span of a few hours only. This payment gateway provider enables you to accept payment in a variety of different forms from the customers. They can pay directly using their bank accounts as well. You will have to pay the transaction fees depending on your monthly revenue.
PayPal Express Checkout
PayPal Express Checkout is a payment gateway provider from PayPal. It can be set up fast and enables customers to pay using their PayPal account as well as their credit card. There is no monthly fee to integrate PayPal Express Checkout but you do need to pay 2.9% and $0.30 on a single transaction.
Authorize.net enables customers to pay in several different ways. This payment gateway provider enables you to accept electronic checks and enables customers to pay via credit and debit cards as well. You are required to create a merchant account so that funds can be automatically deposited to your account. This time-saving feature is great for SMBs.
This payment gateway provider is suitable for businesses of different sizes. The payments made via this provider are P2P encrypted, in addition to being Level 1 PCI compliant. It enables you to accept debit cards, credit cards, chip cards, FSA cards, HSA cards, and mobile payments. There are zero cancellation fees and no long term contracts.
It is a payment gateway provider that enables you to accept Dogecoin, Bitcoin, and Litecoin payments. It does not enable you to accept credit card though. GoCoin cannot be used by you if you are a merchant in New York and selling from there. KYC documents are required in order to verify your account with GoCoin.
GoCoin accepts Bitcoin payments.
Chase Paymentech (Orbital)
This payment gateway provider can be used by businesses of varying sizes so even if you are a new online store owner, you can use this as a way to accept payments. It provides you with fraud protection so that all the transactions are done securely and safely. You can get your payment information effortlessly as Chase Paymentech provides an easy interface.
BitPay is a good payment gateway provider when you want to accept bitcoins from customers. It provides an affordable option for accepting credit cards as it charges only 1% per transaction. You can easily accept international payments with BitPay as it can generate invoices in 40 languages. Additionally, you can accept payments in various currencies.
This payment gateway provider is PCI compliant and comes with a range of advanced features for more security. These include point-to-point encryption. It enables merchants to keep a track of the invoices in one place. You get your payments within a span of 3 days as well. It enables you to accept all major cards along with ACH bank transfers.
So which payment gateway are you planning on choosing for your online store?