Shopify Payments: The Perfect Combination Between Stripe And Shopify

Being known as a payment gateway with its exceptional well-documented and user-friendly API, Stripe is now collaborating with Shopify to empower both the popularity and service quality of the two e-commerce solution providers with Shopify Payments. The combination is expected to bring huge benefits to the bottom line of merchants and their customers.

The Appearance Of Shopify Payments & Why Stripe Is No Longer On Shopify In Some Regions

Shopify Payments is a payment gateway service offered by Shopify to provide its merchant partners with a seamless integration and payment acceptance experience right on the platform. Powered by the prestigious payment gateway provider Stripe, Shopify Payments on Shopify operates with most of its users in the Americas, United Kingdom, Europe, some Asian countries, and others.

Stripe now powers Shopify Payments, significantly enhancing the payment systems for Shopify’s merchant partners.

Since Shopify Payments is a built-in system in the Shopify platform, businesses choosing it as the default payment option won’t have to waste time and effort finding another third-party provider and worrying about the security feature anymore.

In addition, Shopify Payments offers its online businesses worldwide a lot of benefits including seamless and cost-saving integration, a 24/7 support center right on the platform, and a high level of data protection & account security.

Shopify Payments: A Comprehensive Solution

Shopify Payments offers a wide range of benefits tailored for online businesses on the Shopify platform, including:

• Seamless Integration: Shopify Payments is built directly into Shopify as the primary payment gateway, making it easier for merchants to set up and manage payments as well as streamline the checkout process.
• Cost-Effective: Shopify Payments helps Shopify merchants get rid of those additional transaction fees and fees Shopify charges for integrating third-party providers.
• 24/7 Support: Shopify Payments offers dedicated and immediate 24/7 support directly within the Shopify platform, saving time and effort contacting another third party in case of emergency.
• Enhanced Security: Together with the 24/7 customer service of the platform, Shopify Payments is highly secure with strong encryption, and fraud protection, and complies with PCI DSS standards. Your customers' data is protected and your store is less likely to be targeted by hackers.

All of the mentioned advantages above contribute to a smoother payment experience for both merchants and customers of Shopify, helping in increasing user experience on the platform and indirectly pushing revenue to your online store.

Though both Shopify Payments and Stripe are popular Shopify payment gateways, they have distinct characteristics and designed features that aim at different types of business needs. In case you still have no idea how Shopify Payments differs from Stripe, its mother payment solution, below is the comparison table to clarify.

Shopify Payments vs. Stripe: Key Differences

Feature	Shopify Payments	Stripe
Platform	Exclusive to Shopify	Standalone system
Transaction Fees	Lower	Higher
Setup	Easier	More Complex
Features	Limited	Extensive
Flexibility	None	High flexibility
Global reach	Limited	High chance of global reachability.
Ideal For	Businesses on Shopify prioritizing simplicity and lower fees.	Businesses requiring advanced features, customization, and multi-platform integration.

Shopify Payments and Stripe are both payment gateway solutions for online businesses. While Shopify Payments is the built-in payment system only for merchants of Shopify, Stripe acts as a third-party payment provider for various websites and platforms. Which leads to other purposes for the use of each system.

Being the primary payment system of Shopify, Shopify Payments is easier and faster to integrate into businesses’ online stores, therefore, saving businesses the setup fee and additional fees charged for third-party providers. On the other hand, merchants who prefer Stripe will need to download and take more time to integrate the software to assist their customers.

As a result, merchants who consider Shopify Payments as their preferred payment will be provided 24/7 customer support right on the platform, while businesses with the standalone Stripe payment gateway can have the flexibility in managing and controlling their payment process.

As the default payment gateway on Shopify, Shopify Payments sets up your store to accept payments through all popular methods.

When to choose which

• Shopify Payments: If your online store is built on Shopify, using Shopify Payments can make a lot of sense. It’s fully integrated into the platform, making setup and management straightforward. It is ideal for businesses that primarily use Shopify and prioritize simplicity and lower fees.
• Stripe: Stripe’s robust set of APIs allows for a highly customizable payment experience. If your business has unique payment needs, Stripe offers more flexibility. It is suitable for businesses requiring advanced payment features, customization, and integration with multiple platforms.

Ultimately, the best choice depends on your specific business needs, the size of your store, and your technical expertise.

After choosing your suitable payment gateway system, you will need to activate it on your website, making it more accessible for your customers. In case this is a new experience for you, below are the detailed instructions on how to activate Shopify Payments on Shopify.

Steps On How To Activate Shopify Payments For Your Shopify Stores

Shopify Payments is only available on Shopify, so in addition to other third-party payment providers, online businesses on the platform are exceptionally given one more option which is more cost-effective, easier to integrate, and highly secured.

Step-by-step guide to activate Shopify Payments:

• 1. Log in to your Shopify admin’s account.
• 2. Navigate to the "Settings" section and select "Payments."
• 3. Activate Shopify Payments in the "Shopify Payments" section. You must submit details about your business, banking information, and personal information.
• 4. Double-check all newly added information and click "Save" to complete the activation process.

Additional Tips for a smooth integration of Shopify Payments and to make sure you are choosing the right fit payment system for your business:

• Shopify Payments availability varies by region, so you must ensure your country supports this payment method.
• This is even more important for you to review and make sure your store complies with Shopify Payments terms and conditions.
• You may want to activate Shop Pay for faster checkouts and better serve your loyal customers.
• Before going for Shopify Payments, thoroughly check on the fees and compare them to other payment providers.

You can start accepting payments through Shopify Payments for your online store by following the steps above.

Shop everything and pay for everything right on your phone with Shopify Payments.

Because Shopify Payments is the collaboration of Shopify and Stripe, you may not find Stripe as a payment option on the platform in some areas due to the policies in those specific borders and regions. Instead, you will be offered Shopify Payments as the primary option.

In case your business is at locations where Stripe is not available, plus Shopify Payments is not the right choice for you due to its limited features and it does not have the flexibility your business needs to reach further to the global market, then there is another ideal payment option can help you thrive further to the world. That is PayCEC.

PayCEC - An Ideal Third-Party Payment Gateway for Shopify Businesses

As an innovative payment gateway company, PayCEC has been a trusted provider to many businesses all over the world, including the Americas, United Kingdom, Asia, and more. It is currently a powerful companion of many online businesses that aim to make their position among the world’s best product providers across the globe.

The company is not only famous for its seamless payment services but also its dedicated services including the fast 24-hour integration that allows businesses to assist their customers within 1 day of operation, the interface customizable features for branding purposes, the 24/7 customer support service that is always available for resolving payment issues across borders, the account management and risk management for better payment services, and so on.

Besides, PayCEC offers both business and their customers multiple payment options in bank transfer, credit & debit cards, e-wallets, mobile payments, and so on. In addition, by accepting multi-currency payments, PayCEC has proved that they are doing their best to make it easier for the global reach strategy of international businesses and their customers.

About PayCEC

PayCEC was established in response to the growing need for businesses to accept online payments more quickly and easily. In the new media era, our payment flow has evolved to work seamlessly and effectively across all platforms and devices. We pride ourselves on combining superior technology with first-class customer service.

PayCEC is a truly global payment platform that not only allows customers to get paid but also withdraw funds to their business accounts in various currencies.

We have created an open and secure payments ecosystem that people and businesses choose to securely transact with each other online and on mobile devices.

PayCEC Team

• [email protected]
• +65 6631 8332
• www.paycec.com