Are Shopify payments available in Singapore?

14 Aug 2024 By PAYCEC

Shopify Payments is an online payment system created to solve payment issues for stores using the Shopify ecosystem. Some of the advantages are cheaper transaction costs, integration, which is relatively easy to accomplish, and a less complicated payment structure.

Consequently, Singaporean businesses may find great assistance from Shopify Payments in their e-commerce ventures. This post tries to clarify why Shopify payments in Singapore are scarce and how PayCEC can benefit your online business.

Whether Shopify payment in Singapore is available

Yes, Shopify payment in Singapore is available. Due to this availability, Singaporean retailers can use Shopify to handle payments inside the Shopify ecosystem. Numerous e-commerce businesses in the area favor this connection because of its many benefits.

Advantages of a Shopify Payments System

• 1. Seamless Integration: Since Shopify Payments is a component of the Shopify platform, third-party payment gateways are not needed in the system. It makes it easy for businesses to combine and enter the market, as it lessens the chances of technical hitches in the course of the transactions.
• 2. Lower Transaction Fees: Another benefit of using Shopify Payments as the method of payment is the cut down on the transaction fees. You should be aware that Shopify charges additional fees for transactions made through external payment gateways. With Shopify Payments, however, these additional charges are not taken, implying that it is cheaper for the merchants.
• 3. Multi-Currency Support: It should also pay for a globalized business that this platform allows multiple currencies in the Shopify Payments feature. This feature enables merchants to sell in other currencies and enables customers to get a feel of their local markets.
• 4. Enhanced Security: Shopify Payments encompasses strict measures regarding security, specifically the ability to meet the standards of PCI-DSS, as well as protect your customers’ data from fraudulence.
• 5. Unified Dashboard: Using Shopify Payment Singapore, merchants can control all their payment transactions and financial information in one place. It brings less confusion in financially managed firms and yields great sales and customer behavior insights all in one unified glance.

Considerations for Using Shopify Payment Singapore

• Supported Payment Methods: Shopify Payments accepts several types of payment, major credit and debit cards, Apple Pay, and Google Pay. Make sure that the used payment options are familiar to the target demographic.
• Transaction Limits: Note the following important factors that relate to the use of Shopify Payments, which has limitations on certain transactions. Knowing these limitations will go a long way in preparing for a big transaction and preventing interruptions from occurring.
• Payout Schedule: Shopify Payments also has a payout policy that defines how and when the collected amounts are deposited into your bank account. To assist you in controlling your cash flow, you should familiarize yourself with the following schedule.

Shopify Payment Singapore, with its robust security, multiple currency acceptance, easy integration, and one-platform transactions, is now available in Singapore. The above advantages make it suitable for many e-commerce businesses to incorporate EDI.

But PayCEC is a superior option if you're looking for something with many payment options, enhanced security, nearly full Shopify integration, affordable costs, and excellent customer support. It is now time to go live with PayCEC and discover the enhanced, professional, and easy-to-use payment gateway designed for businesses in Singapore.