eCommerce is no longer a passing fad. It’s a sure-short norm to up your business game and gain a competitive edge through a strong online presence. Of course, you all know what an eCommerce store is and how significant it is in today’s times. But what you might know is that here the competition is no less fierce. Not to mention that the seismic shift won’t slow down anytime soon.
What is one aspect that makes an eCommerce store a successful venture, seamless payment transfers? One of the major turn off for the end users is when they shop for their favourite apparel and are unable to complete the payment procedure or their money gets deducted twice due to some issue in the payment gateway. However, the following topic might catch your interest because it not just focuses on the significance of choosing the right payment gateway but also can assist you in setting up Stripe as a Payment Gateway for your Shopify Store. In the end, it’s all about offering your end users a great and memorable buying experience.
The need for choosing the Right Payment Gateway
Without a shadow of a doubt, payment gateways are pretty crucial for the success of your eCommerce store. Now, what is a payment gateway? Well, it is said that a shopper can make a safe flow of payment from their account to the merchant’s account. Here the key part is high-end security. A payment gateway featuring high-end security turns out to be the absolute choice.
So in other words, a payment gateway can be called one of a kind technology that ensures a full-fledged and highly secured payment infrastructure for those who want to transfer money online. It is a common connection left between banks, customers and of course, merchants.
So why do we need one? Well, you see, an ideal eCommerce payment gateway can offer a wide range of advantages. Take a look below.
Benefits of choosing an ideal Payment Gateway
- Well, one of the obvious benefits of considering a payment gateway is that all you require is the internet and payment is done from anywhere and at any point in time.
- Right from ordering lip-smacking food to buying apparel, accessories, and groceries, anything can be shopped at any time. You no longer have to visit the store physically.
- Since you can shop for products in your comfort zone, enhanced customer satisfaction can be expected.
- This surely leads to less cart abandonment and more customer loyalty
- Another benefit offered by an ideal payment gateway is high-end security.
- It will be PCI DSS compliant, with end-to-end encryption and SSL security and offer a secure environment for a seamless shopping
- On and all, the business payment procedures are automated, fast and highly secure.
- And lastly, payment gateways aren’t just easy to manage but are always affordable.
So I guess now you know why you need the right payment gateway for your eCommerce store. PayPal, Stripe, WePay, Authorize.net, and Braintree are some of the best-existing payment gateways around. Now since we don’t have much time we won’t get into the details of each and every payment gateway here but we will definitely focus on one, i.e. Stripe.
What is Stripe and how to set up Stripe as a payment Gateway for your Shopify Store?
What is Stripe?
Well, it is a Payment gateway for starters! Though this one might be a newbie in town, the gateway seems to have made its way all through in a pretty short span of time. Have you ever wondered why? Simply because it highly emphasizes technological innovations and development. All the payment solutions here are highly customized so that eCommerce store owners can gain a competitive edge. You see, one of the basic advantages of Stripe is that it doesn’t cost much money. In fact, you don’t have to pay to set your thighs up or any kind of monthly fee. Here you may find a virtual POS so that you can distinguish between online and offline channels.
Stripe is indeed the best payment gateway to take into consideration for your Shopify store and here’s why? Further, I would like to focus more on certain benefits or should I say some of the most mesmerizing and intimidating features offered by the payment gateway.
- Easy to get started with
- No setting up or installation cost required
- Stripe results in more coupons and discounts for the end users
- There are specific norms for the delayed payments
- You can set subscription-based payments
- Customers can be rebilled without strong credit card details
- Frequent reminders are offered
- The interface is pretty much detailed and informative
- Charts, graphs, every detail seems to be more comprehensive and clear
- Seamless and instant check-out procedures
- Custom SQL query support
- Google Authenticator two-step authentication
- Support for email, chat
- Shipping charges, accounts, tax calculations
- 24/7 support
And now comes the big question, how to set up stripe as a payment gateway for your Shopify App store.
Setting up the Stripe-Shopify Integration
And here comes the showdown! The much-awaited part is where you get to understand how to set up Stripe as a Payment Gateway for your existing Shopify Store. So let’s begin with a step-by-step guide.
Step #1 Test The Shopify Store
One of the most obvious and basic steps to consider is to test your existing Shopify store. See whether your existing store is eligible for Stripe as a payment gateway or not. Simply log into your Shopify account and then all you have to do is verify whether you can use Stripe or not. Now to integrate Stripe and Shopify seamlessly, you also must consider which region you are working under. Check whether your country is eligible or not. If yes, then only it is feasible to use Stripe or else there is no point in using the payment gateway.
To check whether your region comes under-supported countries for Shopify payments, then click here.
For your information, Australia, Austria, Belgium, Canada, Denmark, France, Germany, Ireland, Italy, Japan, Netherlands, Singapore, Spain, and the United States are some of the common countries that accept Stripe payments.
Step #2 Your Payment Provider Should be None-other than Stripe
The next step is setting up a payment provider. Here is the time when you start initiating Stripe Shopify integration. So what you need to do is, go to your Shopify account and then choose the settings option. If you are unable to find the option, fret not! All you have to do is check the bottom left of your screen. Yes, right there and simply click on the term payment providers. Once you click the payment providers button, a third-party dialogue box will appear. Then click on the third-party credit card provider option. This is how you will be able to set up the payment gateway. So you are almost about to finish your Stripe Shopify integration.
The next step is about choosing Stripe as the service provider and for that you need to check the drop-down menu. And now all you have to do is activate the payment gateway.
#3 Activate The Integration
This is the last and final step of your stripe Shopify integration project. Here you have to just simply activate about before that double check your Stripe account. See if everything is in place or not. Once you choose Stripe, the application automatically prompts about you entering the credentials.
And you are almost done! Time to click activate. Now you can receive credit card payments seamlessly. However, there is one small issue. Whether its Shopify-related Sales or payments, you might not be able to see them in the Stripe Dashboard.
That’s it! Your Stripe Shopify Integration is complete.
Conclusion
And we are done now! This is how you set up Stripe as a Payment Gateway in Shopify. It’s not just about Stripe but overall, it’s more about choosing the right payment gateway for your eCommerce store otherwise you may have to face instant and huge losses.
So I hope you did find the post worth a read. In case, if you have any confusion or queries, feel free to reach us out in the comment section below. We will try to get back to you as soon as possible.