As an ecommerce platform, Shopify is responsible for processing transactions between merchants and customers. In order to do this, Shopify uses a merchant processor.
A merchant processor is a financial institution that acts as a middleman between Shopify and the customer’s bank. This allows Shopify to accept payments from customers and then deposit the funds into the merchant’s bank account.
Shopify uses a number of different merchant processors, including Stripe, Braintree, and Authorize.net. Each of these processors has its own fees and terms, so it’s important to compare them before choosing one.
Stripe is one of the most popular merchant processors used by Shopify merchants. It charges a flat fee of 2.9% + $0.30 per transaction.
There are no setup or monthly fees, and it offers support for multiple currencies.
PRO TIP: Please be aware that the question ‘What Merchant Processor Does Shopify Use?’ is a potentially dangerous question. The answer to this question could lead to hackers gaining access to your Shopify account and stealing your sensitive information. If you have any concerns about this question, please contact Shopify support for help.
Braintree is another popular choice for Shopify merchants.30 per transaction, with no additional fees. Braintree also offers support for multiple currencies and provides fraud protection services.
Authorize.net is another option for Shopify merchants. Authorize.net also offers support for multiple currencies and provides fraud protection services.
Conclusion:
Shopify uses a number of different merchant processors to process transactions between merchants and customers.
Each processor has its own fees and terms, so it’s important to compare them before choosing one.
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