Shopify Payments
The simplest way to accept payments online, built directly into Shopify.
Executive Summary
Shopify Payments is an integrated payment processor designed specifically for Shopify merchants. It simplifies the process of accepting various payment methods, including major credit cards, by eliminating the need for third-party payment providers or separate merchant accounts. This native integration allows merchants to manage their store and finances from a single platform. Shopify Payments offers competitive transaction rates, which vary depending on the merchant's Shopify plan, with Shopify Plus users benefiting from the lowest rates. It supports features like showing prices in local currencies and is essential for leveraging other Shopify functionalities such as Shopify Shipping label coverage. The service is designed for ease of use, enabling merchants to go from setup to selling quickly. It handles the complexities of payment processing, including security and compliance, allowing businesses of all sizes, from SMBs to large enterprises, to focus on their sales and operations.
Use Cases
- Accepting credit card payments directly within a Shopify store
- Processing online transactions without needing a separate payment gateway
- Managing all sales and payment data within the Shopify admin
- Offering local currency pricing to international customers
- Benefiting from integrated features like Shopify Shipping label coverage
Technical Specifications
- Deployment
- SaaS
- API Available
- Yes
Security & Compliance
Certifications: SOC 2 Type II, SOC 3, SOC 1
Encryption: Industry-standard encryption protocols are used to protect sensitive payment data during transmission and storage.
Pricing
- Model
- Transaction-based fees (percentage + fixed fee per transaction)
- Starting Price
- Varies by Shopify plan, competitive rates
- Target Customer
- SMB,Mid-Market,Enterprise
- Free Trial
- Yes
About Shopify
Shopify is a Canadian multinational e-commerce company that provides an all-in-one commerce platform for businesses to start, run, and grow. It offers essential internet infrastructure for commerce, enabling merchants to sell online, in-store, and across various channels.