When you have a physical retail store, it is very easy to receive payments from your buyers. They can pay in cash or directly by credit card. However, when you have an online sales business, such as a drosphipping store on Shopify, receiving payments is more complex, as it is a long process of several steps.
To receive payments from your buyers, you need to use payment gateways for Shopify.
Since the payment processor is of utmost importance for your business, it is worth opting for one among the best. For you, we have listed the top 10 payment gateways for Shopify.
How to choose payment gateways for Shopify?
There are several payment processors for Shopify and depending on the type of business you have on your store, you need to choose the right one for your needs.
Indeed, before choosing a payment processor, you must take into account certain criteria.
The ease of use
The easier your payment method is to use, the better you will convert your customers. Make sure you set up a payment processor that all your customers can handle without difficulty.
The complication of some payment processors is one of the main causes of abandoned carts.
Internet scams are becoming more and more frequent and buyers are increasingly reluctant to insert their credit card data on dubious sites.
Indeed, you should opt for a payment gateway that guarantees the security and confidentiality of your buyers' data. We recommend payment solutions that are PCI DSS compliant with end-to-end encryption.
Do not hesitate to check also the ability of the gateway to quickly detect frauds and scams. This can be very helpful.
For each purchase on your store, the payment gateway charges a fee. These fees are directly related to your profit margin. Some payment processors offer monthly subscriptions and others charge per purchase.
Basically, the higher the processing fee charged by the payment method provider, the lower your profit margin.
It is therefore important to choose online payment gateways that have low payment fees.
Most payment processors for Shopify are only available in a certain number of countries. This means that your buyers will not be able to make a purchase on your store if you install a payment method that they do not have access to .
So take the trouble to check the availability of payment gateways in the countries where you want to sell your products.
Check out our list of the 10 best payment gateways for Shopify here.
Best payment gateways for Shopify
The payment processors you will find in this list are the top 10 payment gateways for Shopify. This is a list that is based on several tests and reviews collected from real users.
Shopify Payments is the payment processor for Shopify. It is a payment gateway that is directly integrated with your store on Shopify. This means you won't have to go through the time-consuming formalities like with an external payment solution.
Indeed, Shopify Payments is by far, the easiest payment gateway to install and configure on your Shopify store. It has a very comprehensive dashboard that allows you to manage everything related to your store's finances from one place.
Shopify Payments accepts credit/debit card payments. Transaction fees vary depending on the type of subscription you have for your store. The more expensive the subscription you have for your store, the lower the transaction fees will be.
You can activate Shopify payments by going to your store settings.
Stripe is one of the best payment gateways for Shopify. Stripe is very popular in online retail. The gateway accepts payments in several currencies and is available in several countries .
It is particularly adopted by large companies because of the possibility to customize the payment process. Stripe offers several features depending on the type of business you have (subscription payment, one-click payment...).
However, to configure Stripe and install it on your store, you may need some technological knowledge.
As far as fees go, Stripe offers a basic plan with 2.9% as a flat fee and $0.30 commission per transaction . Several other custom plans are also available on Stripe depending on the size of your store on Shopify.
PayPal remains one of the best online payment gateways. It is a payment processor used by over 220 million people worldwide. PayPal is available in over 200 countries.
All this makes it the ultimate payment gateway for a Shopify store. Your buyers can buy directly from their phone in a few clicks.
The payment gateway has also announced its professional versionPayPal Payments Pro which is especially for businesses. This version of the payment processor offers several benefits to businesses that receive large payments on their stores.
PayPal guarantees the security and confidentiality of its users' data. Processing fees range from 1.9% to 3.4%.
Square is also on our list of the best payment gateways for Shopify. This payment method can be used for both online and physical stores.
Square 's main advantage over other payment gateways is that it offers different payment structures: subscriptions, donations, consulting fees, direct debits, installment payments and direct payments.
Square claims to be PCI DSS compliant, therefore, all buyer data is secured with end-to-end encryption.
Unlike other payment gateways that can hold your payments for days or weeks in case of fraud, with Square you can already receive your payments in your bank account in less than 2 days.
Standard transaction fees are 2.9% + $0.30 commission per payment . If you value speedy transactions, Square is the payment processor for Shopify you need.
Braintree is a payment processor for Shopify offered by PayPal. It offers a simple and very intuitive interface like PayPal's.
You have an extension that allows you to install the payment gateway on your store very quickly. With Braintree, your customers can pay from their credit cards, their Google Pay account or their Amazon Pay account.
In short, this is a hybrid payment method that opens the doors to multiple markets. This can significantly increase your conversion rate, as buyers will be able to purchase from multiple payment methods.
In terms of security, Braintree takes full advantage of PayPal's secure systems. As with most payment processors, the transaction fee is 2.9% + $0.30 commission.
Formerly SagePay, Opayo is a payment solution for Shopify that is based in the UK. It has already been adopted by over 55,000 businesses.
Its strong point is its pricing policy. Opayo offers a fixed monthly fee unlike other payment methods for Shopify that charge commissions for each transaction. You will pay only 19 GBP per month for 350 transactions.
However, setting up the gateway on a Shopify store requires enough formalities that can take up to 1 month. Opaya is available for both online and physical stores.
You are also entitled to a highly qualified customer service that is available 24 hours a day.
WorldPay is also on our list of the best payment gateways for Shopify. It is a blended payment processor that is equally well suited for small businesses and large ones.
With WorldPay installed on your Shopify store, your customers will be able to pay by credit or debit card or even by phone. This payment processor is available in over 100 countries and supports over 100 currencies.
WorldPay offers two subscription options. The Basic option costs 19 GBP per month while the Premium option costs 45 GBP per month .
Setting up the payment system on your online store takes no more than 5 days.
If you are looking for a payment gateway with which you can receive payments by check, Authorize.net is what you need. With Authorize.net, your buyers will be able to pay by any type of credit card (Visa, MasterCard, JCB, Discover, Diner's Club, American Express).
Authorize.Net is also well known for its security system that automatically detects fraud . So you can be sure that your data and your customers' data are safe.
To install Authorize.Net on your store, you will have to pay an installation fee which amounts to $49 . On top of that, you will also have to pay 2.9% and $0.30 commission per transaction .
Skrill is one of the largest payment gateways in Europe. If you want to sell your products mainly in Europe, it may be a good idea to choose Skrill because of its popularity. The payment gateway is also available in over 40 other countries.
The payments are fast and very efficient and are done in a few clicks. As far as transaction fees are concerned, Skrill is one of the lowest priced payment methods on the market.
You will only pay a 1.9% transfer fee per transaction. This is much better than most online payment methods (2.9% fee on average).
We can't finish our list of the best payment gateways for Shopify without mentioning Amazon Pay. This is a product of e-commerce giant Amazon.
This payment method that was created with the aim of facilitating financial transactions to the platform's customers. Amazon Pay is now available on Shopify and you can very easily install it on your store in a few clicks.
By having Amazon on your website, you give yourself the chance to reach some of the 300 million active users that the tool has. So it's a huge market that can be very interesting.
In addition, with this payment method, purchases are faster, as users will no longer be required to enter their credit card information each time. Processing fees are 2.9% and $0.30 per transaction .
So here is our list of the best payment gateways for Shopify. Don't forget to consider the factors of choosing a good payment processor to opt for the one that best suits your business.
Have a good sale!
Frequently Asked Questions
What is the best payment gateway for Shopify dropshipping?
There is no universal payment gateway that is suitable for all types of business. In fact, the payment gateway you choose must fit your business in order to satisfy your customers.
However, in drosphipping, Shopify Payments, Stripe and PayPalare the most used payment gateways
How to choose a payment gateway?
The choice of a payment gateway depends on several factors. You should consider: