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Shopify Payment Gateway, Payments Online Sellers Should Know
Looking for ways to boost sales to online stores? Having a reliable payment system is the key! Shopify-based smart payment methodology that will help your store grow exponentially. CIPHER – E-Commerce website development experts recommend everything you need to know about Shopify Payment Gateway, a payment system that transforms ordinary stores into professional stores, and techniques that help you outperform competitors.
What is Shopify Payment Gateway and why is it so popular?
Start successfully building Shopify-based online stores with a payment system that has been developed to make it easy, safe and efficient for sellers to receive payments from customers.
Advantages of Using the Shopify Payment Gateway
Consult an expert to set up a payment system suitable for your business because choosing the right payment system can greatly affect sales and customer satisfaction. Let’s see. Why is the Shopify Payment Gateway an attractive choice for entrepreneurs?
Shopify Payment Security
The Shopify Payment Gateway offers strict security, SSL encryption, multi-level access and advanced anti-fraud mechanisms, ensuring that sellers receive excellent protection from Shopify payments.
Know the popular Payment Gateway on Shopify.
In the highly competitive e-commerce market, choosing the right Payment Gateway may be a key variable to success. Explore the popular options that Shopify traders choose.
Online Payment Gateway List for online stores
In addition to the Shopify Payment Gateway, there are also many other external service providers that can choose from, for example, shops on Thai Shopify.
- PayPal – Receipt through a world-famous PayPal account.
- Strip – has advanced security and supports over 135 types of currencies.
- Authorize. net – Payment Gateway in Easy-to-Use Visa Network
- 2Checkout – Focus on security, excellent fraud prevention
- Braintree – a PayPal subsidiary that is outstanding in supporting cross-border payments.
Compare List of Payment Gateways on Shopify
Each Payment Gateway offers unique features such as fees, security systems, payment methods, account transfer speeds, and additional features. Vendors can compare List of Payment Gateways to choose the Payment Gateway that suits their needs.
How to Choose Payment Gateway to Fit Stores
No payment system is suitable for all businesses. Choosing the right Payment Gateway requires consideration of several factors. Let’s look at the principles of choice that will help you make your decision with confidence.
- Amount and sales volume per month for fee comparison
- the need to accommodate both domestic and foreign currencies
- Payment Gateway security must be strict enough.
- Credit and debit card support for each type
- Speed of money approval and account transfer
- ease of checking sales records and amounts
- Service and support from the provider when problems arise.
How to Set Up the Initial Shopify Payment Gateway
Design and develop an online store with professional teams. Beautiful storefront and easy-to-use systems are important, especially for standardized payment systems, which may seem complicated, but with the right advice, you can start with confidence.
Payment system setup procedure
Getting started with the payment system is not as difficult as I thought. Let’s look at the setup process that will help you get started smoothly.
- >After activating Shopify Payments, the next important thing is to connect the bank account to receive the proceeds from the sale. The steps are as follows:
- Select Shopify Payments from the main menu.
- Enter necessary information such as account name, business type, taxpayer identification number, etc.
- Confirm contact information and company address.
- Select the currency(s) to be paid.
- Customize the settings to meet the store’s needs, such as approval/automatic refunding, the presence of the logo, email notifications, etc.
- Save the information and confirm that Shopify Payments is enabled.
a connection to a bank account
After activating Shopify Payments, the next important thing is to connect the bank account to receive the proceeds from the sale. The steps are as follows:
- Go back to Shopify Admin, select Settings encoded_tag_closed > Shopify Payments>>
- Select Add bank account and select the country of the bank.
- Enter the bank name, account name, account number, routing and swift code as instructed.
- Press Confirm and wait for the system to verify information. This may take approximately 2-3 business days.
- Once the information is verified, the store is ready to receive the money into its account immediately.
Testing the system before use.
Once the Shopify Payment Gateway has been set up, the system should always be tested before the actual sale. The testing methods are as follows:
- try one’s own order from start to finish
- Check if there is a correct fee. Cash to account within the specified time.
- Let’s get a refund, see if the system is working correctly, and if the account is automatically transferred.
- Test payment using multiple cards to ensure stability.
Careful testing ensures that the Shopify Payment Gateway is properly available, minimizing problems that may occur when opened.
Techniques for using the Shopify Payment Gateway are worthwhile.
The Shopify Payment Gateway is a key strategy that will help increase business growth opportunities. The techniques used are as follows:
How to Reduce Payment Fees
In addition to basic settings, there are many techniques to help you maximize your payment system’s efficiency. Learn tips from experts.
- The more you choose Shopify’s expensive plan, the lower the fee, the better you should choose the plan to suit your sales.
- Use the main Shopify Payment Gateway to get a lower fee from the external Payment Gateway.
- Deposit the sales money in installments instead of all items in order to reduce the transfer fee.
- Based on chargeback, in case the customer asks for a refund without a reasonable cause.
- Check the sales report on Shopify to see if there is a fee. What’s on your mind and trying to reduce unnecessary spots?
Managing Common Problems
Every system has potential problems. Knowing how to deal with common problems helps you manage them professionally.
- If you experience any system delays, contact support immediately for urgent resolution.
- Set up email notifications for incoming irregularities for timely monitoring.
- Understand the refund, cancel the item, and make it agile.
- If you encounter customers who are at risk of fraud, consider taking additional measures to verify their identity.
How to improve the payment system
Every system has potential problems. Knowing how to deal with common problems helps you manage them professionally.
- Reduce the payment process by allowing the card to be stored so that it does not have to be refilled every time.
- Use One Click Checkout techniques to make purchases faster if the customer has already filled out the information.
- Connect the Loyalty/Membership system to provide discounts on goods or payments.
- Adjust the checkout page to work well on Mobile to increase the order rate.
Summary
Introducing the Shopify Payment Gateway, a payment system designed to truly meet the needs of online merchants with a variety of payment capabilities, international security and easy-to-understand options for entrepreneurs who want to start or expand their businesses on Shopify.
CIPHER will help you upgrade your online business. Our team of experts will be ready to help you with every step of choosing the right Payment Gateway, setting up the system, developing and customizing your online store. Start building an online store with us to enhance your business with Shopify’s advanced payment system. Payment Gateway
Frequently Asked Questions (FAQs)
What is Shopify Payment Gateway and why should I use it?
Shopify Payment Gateway is a payment system built specifically for Shopify stores to receive money from customers in a convenient, secure, efficient way and make it easier to sell online.
How to get started ? How much is the fee?
Looking for ways to boost sales to online stores? Having a reliable payment system is the key! Shopify-based smart payment methodology that will help your store grow exponentially. CIPHER – E-Commerce website development experts recommend everything you need to know about Shopify Payment Gateway, a payment system that transforms ordinary stores into professional stores, and techniques that help you outperform competitors.
What kind of payments are supported?
The Shopify Payment Gateway supports all types of card payments including Visa, Master, JCB, American Express, and Digital Wallet, such as Google Pay, Apple Pay and even Paypal, providing customers with a wide range of payment options.
What is the safety of use? ?
Shopify Payment meets international standards for SSL encryption, customer data protection through PCI-DSS monitoring, and fraud prevention systems that help detect suspicious transactions, so sellers are not concerned about receiving money from customers.
If there's a problem, contact who? Anything?
If you need help with Shopify Payment, whether it’s access, use, or when you encounter financial transaction problems, contact Shopify support 24/7 with expert staff to provide advice and resolve any issues.
