Last updated on 5 January 2023
If in the past, it used to be very convenient to use the pay-on-delivery system. Nowadays, people are used to making all their payments online. Shopify stores are no exceptions, and you may want the best payment gateway for Shopify.
But what makes a payment gateway the best? Well, there are a few factors you need to consider before making a choice.
- Transaction fees – one of the things you’re interested in the most is the transaction fees. Without a doubt, any merchant will want to pay as little as possible.
- Processing speed – a fast processing speed of the transactions offers a better customer experience, which helps significantly with customer retention and overall satisfaction.
- Accepted cards – depending on where you are in the world, you need to ensure the most popular types of credit cards are accepted.
- Worldwide availability – if your store sells worldwide, you may want your payment gateway to be available in as many countries as possible.
Considering these factors, let’s look at the best payment gateways for your Shopify store.
Best Payment Gateways For Shopify
1. Shopify Payments (Stripe)
Stripe has become the new Shopify Payments, and it’s one of the best you can choose. It’s available in some countries in Europe, Asia, and Australia, and they offer four packages depending on your store size. Shopify Payments is set to come to the United States soon!
Unlike other payment gateways, Shopify Payments offer the possibility of adding discount codes, file storage, fraud analysis, and free SSL certificates for the security of transactions. Besides, some of their plans offer a 0% transaction fee, so it has all the chances of becoming your first and only option as a payment gateway.
Standard card and digital wallet transaction fees are the following:
- 2.9% +30¢ per successful card charge
- +0.5% for manually entered cards starting November 10, 2022
- +1% for international cards
- +1% if currency conversion is required
Prices will vary depending on your plan. As mentioned earlier, some of their plans include a 0% transaction fee. Stripe is a fantastic choice for your first payment gateway, depending on your needs.
Undoubtedly, PayPal is one of the best payment gateways for Shopify. Besides the fact that it’s one of the oldest providers, it’s also the most versatile. Right now, it’s available in over 200 countries, and their transaction rates are pretty small.
It’s also the easiest to set up in Shopify, as you can easily connect it to your PayPal Business account.
PayPal has different rates for almost any transaction type from every country they support, so it’s a good idea for you to view more of the transaction fees on the PayPal website.
3. Amazon Pay
Another great payment gateway offering a very straightforward integration is Amazon Pay. This is especially helpful if your customers are already using it, significantly improving overall user satisfaction and increasing retention rates.
Amazon Pay charges an average set fee of 2.9% for domestic transactions and 3.9% for cross-border payments. On top of this, you also have a $0.30 Authorization fee which isn’t particularly expensive, depending on what you’re selling in your Shopify store.
2Checkout is another very popular payment gateway for Shopify you can easily integrate, and it’s available in over 85 countries. Because it supports the most important types of credit cards, such as Visa, Mastercard, American Express, and many others, it’s a very popular choice. It can be used in unsupported countries by associating it with another payment gateway.
Below is a picture of what 2Checkout offer in terms of transaction fees. They charge a bit more than other payment gateways, but they’re incredibly easy to set up and integrate into your Shopify store. They’re also one of the more popular options for payment gateways.
Skrill has become the official WooCommerce extension, and it’s available for Shopify too! Being available in over 40 countries and having a 1.9% fee on every transaction, it’s a very good choice for any Shopify store!
Being one of the oldest payment gateways available in about 40 countries, Authorize.net offers one of the most negligible transaction fees and integration with many eCommerce platforms. Because it’s one of the most trusted payment gateways, it’s one of the best you can choose for your Shopify store.
Without a doubt, it’s very important to have everything set up in your online store. You can do that by working with the best and safest platforms, and now you know the best payment gateway for Shopify! You can always contact us if you encounter any problems, and we’ll be happy to help!
If you still can’t find a payment gateway for Shopify that fits all your needs after reading this, check out the helpful YouTube video below that covers some alternative payment gateways for Shopify.