how to set up shopify payments

What is Shopify Payments and Its Potential in 2021?

With hundreds of payment gateways from different providers, what makes Shopify Payments different? The following article provides the most up-to-date information about Shopify Payments, the benefits of using it, and how to set up Shopify Payments.

What is Shopify Payments?

Shopify Payments is a payment gateway. It integrated directly on the Shopify eCommerce platform. It is set up automatically on the Shopify store, for in-person and online payments by customers.

With Shopify Payments, store owners will save even more time when setting up third-party payment gateways is reduced. Payment processing will take place directly on the sales website without having to redirect or send external payment information.

payment gateway

Accepted payment methods

Shopify Payments works as a professional payment gateway, accepting payments in various forms:

  • Credit
  • Debit card

Shopify Payments is built and set up with enough features, is intuitive, and is easy to use. It meets the payment needs from basic to advanced, ensuring the security of the payment data of sellers and buyers.

How do I accept payments on Shopify?

Store owners must activate the payment gateway within 21 days of starting a Shopify sale for payment to take place. Otherwise, the payments will be automatically refunded to the customer’s account. How to set up Shopify Payments?

Set up Shopify store Currency

Before setting up Shopify Payments, Shopify store owners need to decide what currency they want to use in the store. It’s the currency that shows up on your product’s price. Shopify also processes payments and transfers money to the store’s original account in this currency.

However, it can be changed in the course of business according to the wishes of the store owner. Store owners in some countries can also sell and receive payments in currencies other than the one you originally set up when you started using Shopify Payments.

shopify payments pricing

Shopify Payments Pricing

Shopify Payments is integrated directly into your Shopify store with no monthly fees, no hidden fees, and no setup fees. That means when you use Shopify Payments for payments on your Shopify store, there are no transaction fees on orders.

For some countries and regions Shopify Payments are not support. For store owners who want to use third-party payment gateways at will, Shopify Payments will charge an additional fee for this payment. In addition to the costs that the store owners have to pay to the external payment unit. This cost is not fixed for the entire Shopify store. It varies depending on the Shopify plan you have chosen.

Additional costs per transaction with Shopify Payments from an external payment gateway:

  • Basic Shopify plan: 2%
  • Shopify plan: 1%
  • Advanced Shopify plan: 0.5%

How to set up Shopify Payments?

Set up Shopify Payments for Desktop

shopify admin
  1. From the Shopify Admin, select Settings > Payments.
  2. Enable Shopify Payments:
  • Shopify store has not set up a payment gateway: Click Complete account setup in the Shopify Payments section.
  • Your Shopify store is using a payment gateway from an external service provider: Select Activate Shopify Payments in the Shopify Payments menu, then Activate Shopify Payments in the dialog.
  1. Enter the required information when starting to use Shopify Payments, select Save to complete the setup process.

Set up Shopify Payments for IOS/Android

  1. From the Shopify Admin, select Store > Settings.
  2. At Store settings, choose Payments.
  3. Enable Shopify Payments:
  • Shopify store has not set up a payment gateway: Click Complete account setup in the Shopify Payments section.
  • Your Shopify store is using a payment gateway from an external service provider: Select Activate Shopify Payments in the Shopify Payments menu, then Activate Shopify Payments in the dialog.
  1. Enter the required information when starting to use Shopify Payments, select Save to complete the setup process.

Shopify Payments requirements

Available countries and regions

Shopify Payments is not available in all countries and regions where they provide services. If the country in which your business operates is not on the list of available Shopify Payment regions, you will not receive Shopify support for your payments.

That doesn’t mean you have to stop your sales on Shopify. Shopify still accepts payment methods from third-party payment gateways in other countries and regions.

Learn more about payment providers in your country or region by the categories Shopify offers.

Setting up a payment gateway from a third party can create certain difficulties for store owners when payment data and customer information are not synchronized in different sales channels. This creates a certain obstacle in the process of running the business.

Shopify Integration Solutions: Shopify Integration Services in 2021

shopify payments requirements

Prohibited Types of Businesses

Shopify Payments does not offer its payment gateway services for certain types of businesses and services. This is specified in the blacklist from Shopify.

The list of business types that Shopify Payments does not support varies by country and region. Therefore, store owners need to thoroughly research their categories and products before starting to use them.

This ban also created a lot of debate in the Shopify community about the inconvenience it brings to store owners. Some store owners feel unconvinced about the prohibition list that Shopify Payments offers in their area of ​​business.

See some types of businesses and services that cannot use Shopify Payments here.

Benefits of using Shopify Payments

Simplify payment gateway setup

With Shopify Payments, you can start paying on your Shopify store quickly and easily. With no complicated setup, no additional costs for any third-party vendors, Shopify Payments is integrated directly into your store.

The perfect fit for your Shopify store

It is not just a regular payment gateway, it is part of the Shopify platform. From a positive perspective, this is a good point of this e-commerce platform. Shopify Payments is designed with Shopify customers in mind, for Shopify stores.

That means the features set up on Shopify Payments are good for selling here. Shopify is the expert on their platform. Remove unnecessary features, optimize the interface, fix bugs, and provide updated utilities. It’s all faster and simpler with Shopify Payments.

Reduce payment costs on shopping transactions

As mentioned above, Shopify Payments does not charge any hidden fees or monthly fees for Shopify store owners using the service they provide. However, if you decide not to use the payment gateway from Shopify but choose an external service provider of your own, the charging will start.

It will accrue any fees on each transaction you make with a third-party payment gateway. That means store owners pay 2 times the cost per transaction if they don’t use Shopify Payments.

google pay

Provide multiple payment options for buyers

Your in-store customers can choose from a variety of payment methods that Shopify Payments offers. It includes Visa, Mastercard, American Express, Google Pay, and Apple Pay.

Flexible currency exchange

Shopify Payments provides a better experience for customers on Shopify stores in different countries with its flexible currency conversion system. Shopify store owners can choose to display the currency of their products on their e-commerce store by location.

Customers will feel more satisfied in the shopping process when the displayed product price is suitable for their location. This increases the locality, enhances the experience, and accelerates the shopping process of the customers.

Integrate customer payment information with Shopify store

Payment data and customer data are intangible assets of the business. To connect this data from various sales and payment platforms, businesses need to look for integrated solutions.

With Shopify Payments, customer payment information with other data on Shopify stores is already integrated. All data is reported in real-time. Store owners can view the most up-to-date and intuitive reports. This especially aids in the business decision-making of the store.

What is the best payment method for Shopify?

Shopify Payments

shopify payments

As the reviews have given in this article, Shopify Payments is the best payment method for Shopify.

However, it is only available and supported in the following countries: the US, Canada, United Kingdom, Ireland, Singapore, Australia, and New Zealand.



It gives store owners two options for free and paid merchant accounts. PayPal charges a fee for transactions through its payment gateway at rates ranging from 1.9% to 3.4% on all transactions.

The gateway also has a business version of PayPal Payments Pro with advanced features, allowing merchants to process payments from buyers who don’t have a PayPal account.



This is one of the top popular Shopify payment gateways in the US market. Stripe offers flexible tools and features to customize the checkout process of your Shopify store. No setup fees, no monthly fees, and no hidden fees.

Payment processing costs on Stripe:

  • 2.9% + $0.3 per online credit card transaction
  • 2.7% + $0.3 per direct credit card transaction

In addition, Stripe also has a customized plan for large customers with a high number of payment transactions.


It is ideal for all e-commerce businesses like Shopify, with full-scale sales. offers easy, secure, affordable eCheck and credit card processing.

It is considered as one of the best payment gateways for Shopify UK, and also the top trusted payment gateway for Shopify Dropshipping. does not charge a setup fee for its customers, but a hard monthly gateway fee of $25.

  • All-in-One option: Per transaction 2.9% + 30¢
  • Payment Gateway Only: Per transaction 10¢, daily batch fee 10



It currently operates in more than 87 countries worldwide. 2CheckOut supports all major credit cards such as MasterCard, Visa, Diners Club, American Express, and several others.

The payment gateway provides 3 plans for users to choose from:

  • 2Sell: 3.5% + $0.35
  • 2Subscribe: 4.5% + $0.45
  • 2Monetize: 6.0% + $0.6

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