Which payment gateway is supported for Shopify in Colombia?

23 Aug 2024

Based on the findings of this study on how to open an online store in Colombia using Shopify, choosing the Shopify payment gateway in Colombia is an important process that helps to facilitate and secure the transaction process. Shopify provides its users with several payment methods that meet the local Colombian businesses’ needs to collect payments from customers locally and internationally.

Knowledge of the options and their benefits will allow companies in Colombia to achieve more efficient payment operations and create a positive shopping experience for their clients.

Major Shopify payment gateway Colombia Solutions for Shopify in Colombia

PayU

Many e-businesses around Latin America use PayU, one of the industry leaders in the supply of payment gateways in Colombia. Payment options include credit/debit cards and other local payment methods such as PSE (Pagos Seguros en Línea). However, PSE is especially well-liked in Colombia since it permits bank account payments; as a result, internet merchants serving Colombian customers must provide this choice.

Retailers may quickly integrate and change their payment options thanks to PayU's smooth connection with Shopify as a payment gateway. Additionally, the gateway provides numerous installment payment alternatives, which are highly valued in Colombia and can increase sales for retailers.

Mercado Pago

Mercado Pago is also another popular Shopify payment gateway in Colombia that is connected to Mercado Libre, which is Latin America’s biggest MCommerce market. Users of Mercado Pago services have access to cash payments at any store closely associated with food stores, credit and debit card payments, and bank transfers. This flexibility helps the Colombian merchants adopt a variety of customer needs that are preferred in the market.

Mercado Pago-Shopify app integration is smooth, which means that the merchants can start receiving payments as soon as possible. Also, it has a very robust security system that enhances the security of the merchants and the customers against fraud and unauthorized deals.

Wompi

Bancolombia also created Wompi, a payment gateway designed exclusively for the Colombian market. Hence, it accepts credit/debit cards, PSE, and cash through the Efecty or Baloto modalities. Wompi is easy to use, fast, and secure, and these features make it fit for Shopify stores in Colombia.

Despite its relative newness, Wompi is already easy to integrate into Shopify, and all transactions will occur within Shopify. The transaction fee is also favorable for Wompi, which can benefit businesses because it allows them to have better profit margins while offering customers safe and fast payments.

PayPal

PayPal is the most widely used and well-known payment gateway worldwide, and Colombia is no exception. It allows multiple currencies, which will be useful for Colombian-based merchants with many foreigners as their customers. Another advantage that PayPal has over other online payment systems is the security and buyer protection, which translates to an improved conversion rate.

For the Shopify merchants PayPal has an inbuilt feature, and doing transactions here is very easy. Despite PayPal’s costs being higher than those of the local payment gateways, its extensive presence and recognition by clients all over the world may be important for business positioning in other countries apart from Colombia.

Because of this, Shopify offers Colombian retailers a variety of Shopify payment gateway Colombia alternatives, but other tools like PayCEC might also be helpful. PayCEC is a payments company that emphasizes supplying end-to-end payment solutions for specific Colombian markets. When you are using PayCEC, you will benefit by paying less for the transactions, enjoying more security, and having extra technical support depending on your needs.

Therefore, using PayCEC's connection with Shopify might be a great way to improve payment management, boost customer happiness, and grow your business. Find the pros of PayCEC now and push your Shopify business to further levels in the Colombian market competition.