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Shopify in 21 Days - Lesson 3: Payment Methods

Shopify Payments

  • Shopify accepts many third party payments and merchants accounts. The easiest to setup is Shopify Payments which is powered by Stripe. The account is setup with information you already provided earlier, there is no need to setup a Stripe account. Other options are PayPal express, Amazon payments, Payoneer, and many others.
  • Third party payments are treated differently. While it may be tempting to setup as many different payment options as possible it isn't advisable. Too many options may confuse buyers. Plus, third party options may cost you more in fees. I would recommend sticking with Shopify and PayPal. Transactions completed with PayPal will cost more but many buyers trust PayPal and already have their credit card info stored there, making it easier to compete a purchase.

Actionable Steps

  1. Setup your Shopify payments account to begin accepting payments.
  2. Choose which other third party accounts you want to use (PayPal is recommended), and set those up.
  3. Save your payment options.

Tomorrow's Lesson

Checkout and Shipping Options

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