payment gateways for shopify

The 4 Most Popular Payment Gateways For Shopify

E-commerce stores accept and process payments through different payment gateways. In today’s business world, where online transactions are becoming increasingly popular, it’s important to know the payment gateways for Shopify that you should use to make transactions more effective and secure.

Efficient and secure transactions are paramount for online sellers as they allow their customers to have a good experience when shopping online. Here are the most popular payment gateways for Shopify that you should utilize.

1. PayPal

PayPal is a popular payment gateway for Shopify with users spread out across the globe. In less than 24 hours, it’s possible to set up PayPal, making it a highly reliable payment gateway for Shopify.

Another of its positive aspects is that it has a highly reliable support system to help you in case you have any challenges. PayPal’s fees range from 1.9% to 3.4% for all transactions plus an additional 20% per transaction.

Of great importance still, PayPal allows customers to pay online sellers directly through their accounts.

2. Stripe

Stripe is another of the payment gateways that online merchants are using to easily set up payments for their online stores. One of the reasons why it’s increasing in popularity is because it easily integrates with Shopify to make online transactions simpler and more effective.

Another aspect that makes Stripe a great payment gateway is that there are no set up fees. Users are exempted from monthly fees as well. Given that merchants are able to transact in 135 different currencies, Stripe remains as one of the most popular payment gateways for Shopify.

3. Worldpay

Since its inception in 1989, Worldpay has continued to grow in popularity. It’s currently accessible in more than 100 countries, making it a great option for online transactions.

The support and sales team at Worldpay makes it one of the most dependable payment gateways for Shopify that online stores use to make transactions with their customers.

The payment gateway has three fee options including pay as you go, fixed monthly and standard. Pay as you go attracts a £25 set up fee and 10% per transaction. Fixed monthly attracts fees from £49.99. The standard fees option has a monthly fee of £19.95 and 10% per transaction.

4. Klarna

Klarna does not have monthly or set up fees. This payment gateway uses a per transaction structure that reduces with an increase in the number of sales. This means that fees decrease from 2.49% to 2.19% and a further decrease to 1.99% as sales volumes continue to increase.

Klarna provides customers with flexible payment options, thus giving them a great user experience. The effectiveness that the parties involved in online transactions through Klarna enjoy makes it a viable payment gateway for Shopify that you can rely on.

Conclusion On Popular Payment Gateways For Shopify

As an online store owner, deciding on your preferred payment gateway for Shopify is an important decision for the success of your business. As you choose a payment gateway, consider how effective it is for your customers and how affordable it is for your business.

Certainly, there are options that you can consider for your payment gateway to facilitate your online transactions satisfactorily. Therefore, you need to make sure that you have all the sufficient information you need to make the right decision.