A fundamental part of any online purchasing process is the payment system , since whether the transaction is finally carried out will depend on it. At Shopify they are clear that in this sense security is crucial, which is why the different payment methods they offer have been perfectly evaluated so that the customer does not have to worry about anything. In this article we are going to talk to you about the different payment methods that Shopify offers so that you can give your customers the greatest number of options possible. We tell you everything below under these lines.

What payment method should I choose for my online store?

Before deciding on one payment method or another, it is necessary to carry out a thorough analysis of the target audience to which the products in my online store are directed. If the public is national and a certain payment method is used here above the others, we must offer that possibility. But we cannot ignore that there are other payment methods that are also widely used and that we must take into consideration.

How does Shopify Payments work?

Shopify offers its own payment platform to enable in its online stores. In fact, it is the platform that has the most advantageous conditions for sellers , thus stimulating its use. It's the easiest way to pay on Shopify, as everything is automated and you don't need to use a third-party payment provider. Once we open an online store in Shopify, the Shopify Payments platform will appear previously configured and we will only have to validate a series of data to start operating. A really simple process to get the most out of our sales.

What other payment providers exist on Shopify?

Although the Canadian e-Commerce platform relies on Shopify Payments, it also offers other payment methods that are equally secure and cover practically the entire spectrum that currently exists. Below we tell you what those payment methods are:

• PayPal – This is, without a doubt, one of the most popular and trusted payment methods in the world. Allows payment via cards, bank accounts, buyer credits or your own PayPal account balance. Your fee on Shopify is somewhat higher than with Shopify Payments, but it is one of the default payment options when we open a Shopify account.
• Third-party payment providers : If you've decided not to use Shopify Payments, the platform has over 100 different credit card payment providers. With a direct supplier, customers will be able to complete the payment process in the online store itself; and with an external provider, they must access the provider's payment platform, hosted outside the online store.
• Alternative payment methods: Knowing that times are changing at a rapid pace, Shopify also accepts other types of payments, such as cryptocurrencies. A form of payment that allows you to formalize the transaction without depending on banks or other similar institutions.
• Manual payments: although practically no one lacks a credit card today, there is still a part of the population that prefers traditional payment methods, in cash. For this reason, Shopify offers the possibility of enabling an option to receive payment physically. Orders are marked as unpaid until the money is physically received, at which time the order advances in status and begins to be processed. This step is carried out manually by the seller.

Additionally, Shopify has a list of payment providers by country. Learn more about payment providers in your country here

As you have seen for yourself, Shopify offers a wide variety of payment options so that no customer is left without purchasing your products in your online store. If you found this text interesting and want to open your own online store, at Webmefy we invite you to do so with this 14-day free trial.