Shopify Payments is one of the easiest ways to accept payments online. It’s also one of the most affordable, with no hidden fees or long-term contracts. You pay only 2.9% + $0.30 per transaction, and Shopify handles everything from fraud prevention to customer support.
Shopify Payments is available in the US, Canada, UK, Ireland, Australia, New Zealand, and Singapore.
If you’re not in one of those countries, you can still use Shopify Payments through a third-party provider like PayPal.
PRO TIP: Shopify Payments are not free. There is a 2% transaction fee for using Shopify Payments.
Here’s how Shopify Payments works:
- You sign up for a Shopify account. You’ll need to provide some basic information about your business, including your business name, address, and phone number.
- You add your products to your Shopify store. You can add as many products as you want, and there are no limits on file storage or bandwidth.
- You choose Shopify Payments as your payment gateway. To do this, you’ll need to provide some additional information about your business, including your bank account details and tax ID number.
- You start selling! When a customer places an order, Shopify will process the payment and deposit the funds into your bank account.
Are Shopify Payments Free?
No, Shopify Payments are not free. There is a 2.30 per transaction fee. However, there are no hidden fees or long-term contracts.
