Explore the top 6 payment gateways for Shopify merchants. Enhance your online store's payment processing with our expert recommendations and insights.

The 6 Best Payment Gateways for Shopify Merchants

With the increasing popularity of e-commerce stores, every online business is able to reach a wider audience and increase their sales faster. It is now easier than ever for consumers to place an order on a website for various products and online media.

RAMYA KRISHNAPPA

Dec 13, 2024

Reports show that the average time spent buying something online is seconds. With this information in mind, businesses are using platforms like Shopify to offer their customers an efficient shopping experience. It offers a lot of opportunities for brands to showcase their products online and get helpful data that can improve their operations.

A major part of an e-commerce/online store is the monetary transactions that take place every day. Shopify allows customers to make purchases and pay through various modes, either online or offline, but a lot of people prefer the online mode for convenience. If you are a business owner with a Shopify website, you need to know the various payment gateways to allow your customers to make online transactions. We have researched various gateways and included the 6 best payment gateway for Shopify in this blog. By the end, you will know:

How to select a payment gateway
Top 6 payment gateways for Shopify and
How to link a payment gateway on Shopify

How to Select a Payment Gateway

Costs: It is important to check the transaction fee of the payment gateway. If you want to avoid unnecessary expenses, don’t opt for the platform if it has extra costs just for setting up.
Supported Payments: Consumers use many ways to pay while shopping online, so you need to consider if the payment gateway accepts these methods. Check if it supports credit/debit cards, digital wallets, or local payments (like UPI).
Easy Integration: The best payment provider for Shopify allows you to link the payment gateway with other tools that you use. This will reduce any technical issues and enable a seamless checkout process for your customers.
Security: Make sure the payment gateway is secure and complying with global security standards. The gateway must have features like encryption and fraud detection. Your customer’s data should be protected to reduce financial risk.
Customer Support: The payment gateway that you choose should also have good customer service. If you want to address any issues or enquire about various features, they should be able to provide quick help.

Top 6 Best Payment Gateway for Ecommerce Platform Shopify

1. Shopify Payments

Overview: This is a native payment gateway of the Shopify platform. You won’t need any third-party services because it is already an in-built payment option. If you are a Shopify merchant, this method helps you to manage transactions directly in the Shopify dashboard.

Features: Shopify payments has many features like supporting multiple currencies and connecting with all the tools in Shopify. It also allows customers to automatically track their payments.

Pros: No need to set up, lower fees, built-in fraud detection.

Cons: Can only be used for stores that are built on Shopify, unavailable in a few countries.

2. PayPal

Overview: This is a payment gateway that is trusted by online business owners across the globe. It allows e-commerce stores to accept payments from customers in international locations. It's one of the most popular platforms which is very easy to use.

Features: PayPal works in more than 200 global locations and supports payments in multiple currencies. It has features that protect the buyer and seller data and also has a mobile-friendly checkout process.

Pros: This is a well-known payment gateway that is trusted by millions of customers and sellers. It takes less time to set up and has high security.

Cons: For international users outside of the US, it charges a higher fee for transactions. Customers need to complete payments in off-site.

3. Stripe

Overview: The Stripe payment gateway is a platform that is used by many e-commerce businesses across the world. It has developer-friendly tools and offers businesses flexibility for online payments.

Features: Customers can pay using many payment methods, like credit cards, Apple Pay, and Google Pay. It also has API integration features for custom payments.

Pros: It allows developers to customize the payment gateway can be customized and it supports recurring billing.

Cons: If you are a beginner, this platform can be hard to set up because it requires technical knowledge.

4. Authorize.Net

Overview: Authorize.Net is a very popular payment gateway that has high-security features. It can be customized for small and medium-scale businesses.

Features: It accepts payment methods like credit cards and e-checks. Supports recurring billing and has fraud protection features. It can easily be linked to Shopify.

Pros: This payment gateway is reliable because it has good customer support and fraud detection features.

Cons: Stripe has monthly fees and may not be suitable for small stores if they have low volumes of transactions.

5. Square

Overview: Square supports online and in-person transactions, which makes it a versatile payment processor. This is good for Shopify stores that have a physical location.

Features: It has a point-of-sale (POS) system that allows customers to make mobile payments and can be linked to Shopify seamlessly.

Pros: Stripe allows POS integration and has a user-friendly interface.

Cons: It lacks a few advanced features and has a limited international support service.

6. Adyen

Overview: This is a globally well-known payment gateway that supports a wide range of methods that customers can use to pay. If you have an international Shopify store, Adyen is a suitable option.

Features: It supports many payment methods and provides in-depth data for transactions. Adyen has advanced security features.

Pros: This payment gateway has a global reach and features that prevent fraud. It can be customized for businesses with large-scale operations and transactions.

Cons: It has slightly higher fees and is complex to set up if you are a small business.

Comparing the Payment Gateways

Here, we will compare various gateways that will help narrow down the options for the best payment method for Shopify. You can check the various information like transaction fees, currencies, and even the interface design.

	Shopify	PayPal	Stripe	Authorize.Net	Square	Adyen
Transaction Fees	2.4% to 2.9% + 30¢ per transaction	Within the US, it is 2.9% + $0.30 per transaction	2.9% + 30¢ per transaction	It has a 2.9% + 30¢ per transaction	2.9% + 30¢ per transaction	2.9% + 30¢ per transaction, varies as per payment method.
Price	No extra costs for Shopify stores, but applicable for credit cards	Free to set up and additional fees for currency conversion and international transactions	Additional charges for international payments as per price.	$25 monthly gateway fee.	No monthly fees.	No fixed monthly fees but can vary based on the payment method.
Currencies/Countries	Select countries like the U.S., Canada, the U.K., Australia, and more. Supports multiple currencies	Supports almost every country and 25 currencies.	45+ countries and supports currencies like USD, EUR, GBP	Available in the U.S., U.K., Canada, Europe, and Australia. Supports major global currencies.	U.S., Canada, Japan, U.K., Australia, and supports limited currencies.	Supports global currencies and is good for international businesses
UI/UX	A great dashboard and no need for third-party apps.	User-friendly interface, but redirects to off-site.	Developer-friendly with customizable checkout.	Clean, easy-to-navigate dashboard.	Simple design, easy for small businesses.	flexible interface, complex for beginners.

Conclusion

In summary, selecting the right payment gateway is crucial for Shopify merchants to improve customer experience and simplify transactions. Options like Shopify Payments, PayPal, Stripe, Adyen, Authorize.Net, and Square offer various features and benefits for your business needs. Understanding the costs, supported payment methods, and integration capabilities of each gateway will allow business owners to select a Shopify best payment provider and make informed decisions as per their goals.

Webomindapps is a profound enterprise serving successfully since 2013. Based in Bangalore, it offers expert solutions in web designing & development, e-commerce, mobile & web app development, digital marketing, and SEO across the globe.

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