There are multiple ways to make your customers pay on shopify. But what are the most effective shopify payment methods to allow you to increase your conversions and not have any payment problems? The answer with Paypal and Stripe!
Shopify payment methods: Paypal and Stripe are the most used payment methods
If you hesitate to integrate PayPal on your dropshipping store on shopify, it’s a mistake. It is indeed very interesting to offer the payment method by credit card via stripe and also the payment via PayPal despite the commissions. We always want to save money here and there, thinking that if we don’t offer PayPal as a payment method, the future customer will inevitably choose to pay by card. Unfortunately not! A customer who wants to pay by PayPal and who cannot find PayPal will simply leave your site.
Stripe will allow you to capture credit cards and also benefit from its advantages like card fraud detection. Don’t even think about using the payment system offered by your bank, they are miles away from the reality and needs of the market for e-commerce stores. PayPal is the best solution to verify and secure payments. It protects you and your customers. This is an excellent point to reassure your future customers on the credibility of your shopify store and increase your conversions. In a word, if you are doing dropshipping or e-commerce, you absolutely have to integrate these two payment methods.
Shopify payment methods : My Paypal and Stripe accounts are blocked because of dropshipping !
In dropshipping, it happens that your paypal account is blocked. The same happens to your stripe account, which means that you can no longer transfer money to the account. We often hear that Paypal hates dropshipping and on the one hand, it is true! But this is not a reason to abandon it.
The fact is that paypal receives a lot of complaints from dropshipping sites and blocks your account for that. This is simply because customers complain that they did not receive their product or that the delivery time is abnormally long. Thus, paypal who wants to keep its brand image will listen to its customers and visit your store in order to sanction your account. They need to keep this brand image and if you deteriorate it, it is normal that they stop working with you.
To avoid this situation, you simply have to be in order by informing your customers very precisely that the delivery times are long! This will prevent them from complaining. If you don’t have any complaints, you have nothing to worry about. Of course, you can get your paypal account unlocked after a few days of exchange…
Shopify payment methods : An alternative, skrill and other payment methods
Alternatives to Stripe and PayPal are used in countries where Stripe and PayPal cannot be claimed as payment. For example, if you are in a country in Africa, PayPal and Stripe do not necessarily offer this payment method to entrepreneurs in this region for obscure reasons. You can then try another payment method:
Skrill, which allows to be an excellent alternative to Stripe and thus allow to manage bank cards.
Accept other payment methods, because there are many available in shopify! You can access this list in your shopify settings.
You can also accept bank transfers without worries, but this is much more restrictive and lengthens the payment and order processing times.
For the check, you can forget it. There is too much risk of unpaid checks and it can take a lot of time to cash them, manage orders and so on. You might as well round up your salary easily and save time and money!
In the end, the answer to the question “what payment methods should I use for shopify and dropshipping” is that if you can use Stripe and PayPal, don’t do without them! Try to be as transparent as possible with your customers and everything will be fine. I explain how to be the best with your customers in my dropshipping training.
Shopify payment methods : What is an online payment method ?
When creating your online store, it is necessary to place a shopify payment method. Thus, you allow your customer to pay for these transactions. However, with the multitude of shopify payment methods available, how to find the one that will be the savior. The choice of payment methods is mostly made by the two largest providers in the field of payment. These are stripe and PayPal. However, there are many alternatives to stripe and PayPal, which have their advantages and also their disadvantages. But, you have to know the usefulness of a shopify payment method. Thus, the payment method offers the possibility of making shipments and encrypting everything related to the transaction. Make the verification of the card payment option.
Besides, after all these successful steps you have to process the transaction and delete it. Indeed, managing money is very tricky. So, to choose your shopify payment method, you have to consider several different factors.
Shopify payment methods : What to look for in the shopify payment method ?
When making online transactions, security is first and foremost a priority for users. In fact, to ensure that your payment method is secure, check if it is PCI compliant. You should know that each of the payment methods mentioned here has its own additional security parameter. Moreover, these payment methods are compliant with the standards.
The simplicity of payment
The other very important factor that you should consider is the simplicity in using these payment methods. In fact, one in four people abandon an order because of the length of the ordering process. You should know that for your website, the payment process is a very important part. Moreover, you have the possibility to customize this part to considerably increase your conversion rate. By reducing the number of clicks required to complete the purchase of a product, you optimize the experience of your users during the checkout process. Thus, you reduce the shopping cart abandonment rate. In this case, choose a payment method that gives the possibility to personalize it in order to facilitate the experience of your prospects.
Transaction fees are very important to consider. The current standards give a fee of 2.9% + $0.30 for each transaction made. In fact, to stand out from the competition, some providers offer users volume discounts and different rates for each micropayment.
Methods of payment
Customers have specific preferences when it comes to online payment. In addition, each country has its own rules and payment methods. The more people are able to pay for their purchases, the more advantageous it will be. In this case, you will have to offer a large number of payment options on your online store. In addition, it is important to note that the various electronic wallets are gaining in popularity. On the other hand, bank cards are losing notoriety as an online payment method. These are factors to take into account while choosing your shopify payment methods.
Shopify payment methods : What are the different payment methods available ?
Now that we have familiarized ourselves with the different criteria that are important when choosing a payment method, we will determine the best method for you.
PayPal is the most famous online payment method. In fact, it alone accounts for about 60% of the market share. PayPal offers two different subscriptions for all small businesses. These are the standard and pro subscriptions. PayPal Standard allows you to add a “pay now” tab to your platform. This will allow your customers to pay you. To do this, you will need to register and then add one of their payment buttons to your platform. PayPal will take care of the rest of the process for you. Indeed, the ease of use of PayPal makes this shopify payment method a very good choice for those who want to start in e-commerce. You don’t have to pay monthly fees and the transaction fees are 2.9% + $0.30 for each transaction.
On the other hand, the drawback with this shopify payment method is related to its lack of customization. Indeed, you are limited to the only type of payment button you want to put on your platform. Furthermore, the other disadvantage of PayPal Standard is the fact that you lose complete control over the payment experience. This is because it allows you to link your customers to an external platform where they put their details and make their payments. With this other step, you will lose control and you also risk losing many sales. In addition, PayPal Standard is only available in 203 countries. If you don’t have PayPal at home, there are other alternatives that you can use.
PayPal Pro is the premium version of PayPal. Like PayPal Standard, the configuration of PayPal Pro is very simple. In addition, it has a considerable advantage over PayPal Standard. Indeed, PayPal Pro gives Internet users the possibility to pay directly on your platform. Thus, the ordering process is more simplified. In addition, the experience is more customizable. You can test several payment methods to see which ones bring you more sales. However, these advantages that PayPal Pro gives you are not free. This plan costs $30 a month, apart from the usual transaction fees.
Stripe is the second most popular option if you don’t want to use PayPal. Stripe is unique in that it allows you to have complete control over your payment experience. In addition, you don’t have to pay any monthly fees. However, Stripe has many useful features such as security, online payments and a very comprehensive dashboard. The main drawback of Stripe is that it was designed only for developers. Therefore, it is easier to use for people who have already coded. Thus, Stripe can be difficult to use for beginners. Also, Stripe accepts many options for payment, but does not support PayPal e-wallet. The shopify Stripe payment method is present in 34 countries.
Shopify has partnered with Stripe to give users of the Shopify platform a clean, integrated payment method. This makes your online store as simple as possible. Using Shopify Payments offers a very big advantage. It is integrated directly into your store, so it is very easy to use and configure. Shopify charges you for using another payment method for each transaction (2.9% + $0.30 on the initial package). However, if you decide to use Shopify payments, you will only have to pay the fees associated with regular transactions. In addition, it allows customers to stay on your platform during their order instead of redirecting them to an external payment platform.