7 Best Shopify Payment Gateways in 2021

The global DIY eCommerce hosting platform Shopify has become a hit ever since its launch in 2004. After 15 years, there are approximately 820.000 active retailers on Shopify across 175 countries. 87% of them use apps, of which Shopify app store offers more than 2400. Apart from marketing, merchandising, and inventory management, automated payment is an effective way to boost your efficiency. These Shopify payment gateways allow for electronic payment when a customer purchases an item on your online store, ranging from domestic to international currency, from credit cards to cash on delivery, etc. Many also include refund processing, analytics of transactions, address verification system (AVS), and tax calculation.  Shopify has several payment gateways that are tailor-designed to suit customers across various geographical regions. As a merchant, you should choose a payment gateway that is widely popular and accepted within your areas of operation. Now, let’s take a look at some suitable Shopify payment gateways that have been utilized by hundreds of Shopify stores. 1. Shopify payment Shopify payment is owned by Shopify and is already incorporated in your store when you sign up for an account. Payments can take up to 3 business days to reach your bank account. You can also receive a free card reader to use in your brick-and-mortar store as well.  There are several reasons why you should choose Shopify payment: Normally, Shopify charges a transaction fee of 2.2%, which does not apply for their own gateway, hence effectively halving your operational cost. Lower credit card transaction fee if you upgrade your plan, specifically, the rate is  2.2% + 20p. for the Basic plan, 1.9% + 20p. for Shopify Standard, or 1.6% + 20p. for Advanced Shopify Identify suspicious orders with built-in risk tools unique to Shopify Payments Manage orders, payments, and payouts directly within Shopify However, Shopify payment is only available in certain countries, including the US, Canada, United Kingdom, Ireland, Singapore, Australia, and New Zealand. In other words, if you’re running a business in other countries, you’ll have to use local Shopify payment gateways and be charged an extra transaction fee. 2. PayPal PayPal is a popular payment gateway available in 230 countries with over 220 million active users. As one of the Shopify payment gateways, you can integrate it with your store in less than a day, choosing between a free and paid account. This workflow software enables merchants to process payments without necessitating the customer to have a PayPal account. It is also mobile-friendly, facilitating seamless cart integration, offering various customization options, enabling online invoicing, and supporting credit card payments over the phone and via emails. In terms of charges, PayPal offers 2 tiers: 1.9% + 20p. per transaction for stores with a sales volume of up to £55,000 per month 3.4% + 20p. of all transactions for stores with sales volume less than £1,500 per month 3. Stripe Stripe is the most popular Shopify payment gateway in the US and has currently extended to more than 35 countries and territories. It is designed for larger firms with a variety of flexible tools to customize your payment options. Stores using Stripe, one of the Shopify payment gateways, can accept payments from credit cards and wallets in 135+ currencies both online and in-person. It also offers a range of APIs that allow merchants to create their support systems, including subscription management, online invoicing, fraud & risk management, and business financing. These APIs can be customized using development languages such as Python, Ruby, PHP, and Java. Stripe doesn’t charge a monthly fee. Instead, you pay per transaction: 1.4% + 20p for European cards 2.9% + 20p for non-European cards For direct debits in Europe, you pay 1% of the transaction (capped at £5) + 20p. 4. 2CheckOut 2CheckOut, one of the Shopify payment gateways, allows merchants to process online credit card payments from customers both locally and internationally. This payment gateway is available in 168 countries globally and supports more than 130 currencies. The platform has a robust gateway for credit cards, supporting all major players such as Mastercard, Visa, Diners Club, and American Express. It can also be integrated with other payment gateways in developing countries to ensure a smooth shopping experience. There are 3 pricing plans to consider: 2sell: 3.5% + $0.35 per transaction 2subcribe: 4.5% + $0.45 per transaction 2monetize: 6.0% + $0.60 per transaction  5. Opayo Once called SagePay, Opayo is one of the most popular payment gateways for Shopify in the UK, which is used by more than 55.000 businesses worldwide. It offers a range of payment solutions, including online payment, card terminals, phone orders, and point of sale payments. One special function is that it allows customers to pay via PayPal if they wish to.  Opayo, recognized as one of the Shopify payment gateways, is renowned for its secure and reliable system, boasting 99.9% uptime and industry-leading fraud tools. However, its robust customer authentication process may take approximately 4-5 weeks to verify an account. This is due to various checks conducted on your website, such as ensuring payment logos are displayed on your cart page and verifying contact phone details. Additionally, they may reach out to your developer for payment processing tests. Unlike other payment gateways, Opayo charges a monthly fee instead of transaction costs. In detail: £19.90 per month for 350 transactions £45 per month for a further 500 transactions A bespoke corporate plan is required if you have more than 3,000 monthly transactions 6. Authorize.net Authorize.net, a versatile payment gateway among Shopify payment gateways, caters to businesses of all sizes, from large corporations to small and medium enterprises. It offers comprehensive payment processing and management for multiple major credit cards, including MasterCard, Visa, American Express, Diner’s Club, Discover, and JCB, as well as e-payment services such as Apple Pay, PayPal, and Visa Checkout. The platform also supports payment tools for both online and in-person stores with easy-to-operate and affordable prices.  Apart from an all-in-one service, the standard Authorize.net plan includes: No setup fee     Monthly

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