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Key Takeaways

  1. Shopify Payments seamlessly integrates with Shopify, simplifying financial transactions and improving the customer checkout experience.
  2. Ideal for international businesses, Shopify Payments supports multiple currencies, facilitating transactions in global markets.
  3. The platform is user-friendly, with a straightforward setup process and eligibility requirements that are easy to meet for most businesses.

Managing an ecommerce store comes with challenges, and one of the most crucial is selecting the right payment gateway.

Shopify Payments, a seamless extension of the Shopify platform, offers a solution tailored to meet the needs of online retailers. 

This blog will give you an in-depth look at Shopify Payments – from its core functionality to its integration with your Shopify store.

What is Shopify Payments?

Shopify Payments is an integrated payment solution offered by Shopify, the renowned ecommerce platform

Shopify payments
Image Source: Shopify

It serves as the in-house payment gateway for Shopify stores, streamlining the entire process of online transactions. 

Integration with Shopify Stores

Shopify Payments excels in its seamless integration with Shopify stores. Merchants can easily enable it as their default payment gateway during store setup, eliminating the need for third-party processors.

The user-friendly activation process within Shopify settings ensures a quick setup.

Ready to optimize your Shopify stores? Check out our blog on setting up, managing, and using apps for Multiple Shopify Stores.

Once activated, Shopify Payments seamlessly becomes part of the checkout process, offering customers a reliable payment experience. 

This integration ensures a cohesive alignment with the overall design and functionality of the Shopify store.

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Setting Up Shopify Payments: Activation and Requirements

How to activate Shopify Payments 

Setting up Shopify Payments is a simple process, designed to integrate seamlessly with your Shopify store. 

Here’s a step-by-step guide on how to activate it;

  • Log into Your Shopify Account: Access your Shopify admin dashboard.
  • Navigate to Payment Providers: Go to ‘Settings’ and then select ‘Payments’.
  • Activate Shopify Payments: In the ‘Shopify Payments’ section, click ‘Activate Shopify Payments’. If you’re switching from another provider, you might need to click ‘Change provider’ first.
  • Complete the Account Setup: Fill in the required details, including your business information, banking details, and personal information.
  • Set Your Store Currency: Choose the currency in which you want to conduct transactions. This is crucial for international sales.
  • Review and Confirm: Double-check all the information for accuracy and submit your application.

Eligibility Requirements for Shopify Payments

To use Shopify Payments, your store must meet this criteria;

1. Location

Your business must be based in one of the countries where Shopify Payments is available.

This includes the United States, Canada, the UK, Australia, and several European countries, and Asia.

2. Prohibited Businesses

Certain types of businesses are not eligible for Shopify Payments, such as those selling regulated or illegal products, certain financial services, and multi-level marketing schemes.

Check Shopify’s terms of service for a complete list.

3. Compliance

Ensure your business complies with the terms of service of both Shopify and Shopify Payments, including PCI compliance for the secure handling of credit card information.

4. Bank Account Requirements

You must have a valid bank account in the country where your business is located.

The account should be able to receive electronic money transfers.

Shopify Pricing and Plans

Shopify Payments offers various pricing plans and associated fees, tailored to fit different business needs.

Understanding these can help you choose the most cost-effective option for your store. 

Shopify pricing
Image Source: Shopify

1. Basic Shopify Plan

Monthly Fee: $25

Online Credit Card Transaction Rates: 2.9% + 30¢ per transaction

Ideal for starters looking for essential features without breaking the bank.

2. Standard Shopify Plan

Monthly Fee: $65

Online Credit Card Transaction Rates: 2.6% + 30¢ per transaction

Perfect for growing businesses seeking additional features and flexibility.

3. Advanced Shopify Plan

Monthly Fee: $399

Online Credit Card Transaction Rates: 2.4% + 30¢ per transaction

Tailored for established businesses requiring advanced tools and lower transaction costs.

4. Shopify Plus (Enterprise) Plan

Image Source: Shopify

Monthly Fee: $2000

Online and Credit Card Rates: 2.15% per transaction

Designed for large enterprises with high transaction volumes, offering a premium package.

5. Shopify Starter Plan

Image Source: Shopify

Additionally, for those seeking a light start, there’s the Shopify starter Plan:

Monthly Fee: $5

Enables the addition of “Buy Buttons” for selling through existing social media channels or a website.

Perfect for those taking the first steps into online commerce without a heavy investment.

Are you struggling to keep your Shopify products in sync?

Request Apimio’s personalized demo and See how Apimio transforms your product management.

Shopify Payments Charges

When it comes to accepting payments through Shopify Payments, here’s a simple breakdown of the charges:

1. Credit Card Processing Fee

This is the fee paid to Shopify Payments for handling the various steps in a payment transaction.

It covers data transfer between the buyer, seller, and the banks involved.

The specific charges depend on your Shopify plan, the order value, and the number of sales.

2. Transaction Fee

Paying Shopify for the money transactions on your store is part of the deal.

Once you’ve activated Payments, this fee is waived, even if a customer opts for a payment method other than Shopify Payments at checkout.

Shopify Payments: Pros and Cons

Pros of Shopify PaymentsCons of Shopify Payments
1. Seamless Integration: Smooth checkout experience.1. Limited Availability: Not accessible in all countries.
2. Simplified Management: Streamlined administration and financial tracking.2. Restricted Business Types: Prohibits certain businesses.
3. No Additional Transaction Fees: Cost savings compared to third-party gateways.3. Chargeback Fees: Additional costs in case of disputes.
4. Multi-Currency Support: Enhanced international customer experience.4. Currency Conversion Fees: Applies to international transactions.
5. PCI Compliance: High-security standards.5. Risk of Account Holds or Freezing: Potential disruption due to suspicious activities.
6. Detailed Reporting: Comprehensive tools for financial metrics.6. Dependence on Shopify: Ties you closely to the Shopify ecosystem.


Shopify Payments offers a simple and secure payment processing experience, especially for Shopify users.

It excels in integration, handles multiple currencies, and ensures high-security standards.

However, its reach is limited globally, and it may not suit all business types. For Shopify store owners, it’s a convenient solution for managing online transactions.

Simplify the shopping process for your customers and provide detailed product information to build confidence in their purchase decisions. Opt for Shopify Payments to foster customer loyalty.

Utilize a centralized product information management system like Apimio PIM to streamline your approach and enhance performance through continuous testing and refinement.

What to do next?

  • Are you facing Shopify Multi-store issues? Well, head on to our blog to know more.
  • Want to know how you can set up Multiple Shopify Stores, read here.
  • Read more about our Product Information-related Guides here.
  • Create an account to manage your products easily using Shopify’s best app Apimio. Sign-up here.
  • Contact our support if you have any queries or issues.

Frequently Asked Questions

1. How does Shopify Payments work?

They manage online transactions for your Shopify store. It streamlines the payment process by handling various steps involved in a transaction, eliminating the need for third-party payment services. It supports popular payment methods, including credit cards, debit cards, and digital wallets.

2. Are Shopify Payments free?

No, Shopify Payments comes with transaction fees based on your Shopify plan. The fees cover the processing of payments and depend on factors like your plan, order value, and the number of sales. Check your specific plan details for the associated costs.

3. Are Shopify Payments the same as PayPal?

It is Shopify’s integrated payment solution, providing a seamless experience for Shopify users. On the other hand, PayPal is a third-party payment service widely used across various platforms. Each has its features, and the choice may depend on your business needs and preferences.

4. What is Shopify Payments?

It is Shopify’s integrated payment solution, streamlining online transactions by managing payments directly on the platform without the need for third-party services.

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