How Do I Collect Payment on Shopify?

As a Shopify merchant, you have a few different options available to you when it comes to collecting payments from your customers. In this article, we’ll go over some of the most popular methods and how they work.

1. Credit Cards

The most common form of payment used on Shopify is credit cards. All Shopify plans include the ability to accept credit card payments from customers using Visa, Mastercard, American Express, and Discover.

When a customer enters their credit card information during checkout, Shopify will process the payment and deposit the funds into your merchant account. From there, you can transfer the funds to your personal bank account.

2. PayPal

Another popular payment method used on Shopify is PayPal. If you have a PayPal account, you can set it up to accept payments from your customers on your shop.

PRO TIP: If you are thinking about collecting payment on Shopify, be aware that there are some risks involved. First of all, Shopify is not a traditional bank, so they may not have the same protections in place that your bank does. Additionally, Shopify does not offer buyer protection, so if something goes wrong with your purchase, you may not be able to get your money back. Finally, be sure to read the terms and conditions of Shopify’s payment processing before you agree to anything – they may charge hidden fees or put other restrictions on your account.

When a customer pays with PayPal, the funds will be transferred into your PayPal account.

3. Shopify Payments

Shopify also offers its own payment processing service called Shopify Payments. This is available to merchants in certain countries and allows you to process credit card payments directly through Shopify without having to use a third-party processor.

Conclusion

There are many different ways to collect payments as a Shopify merchant. In this article, we’ve gone over some of the most popular methods: credit cards, PayPal, and Shopify Payments. Each method has its own advantages and disadvantages, so be sure to choose the one that’s right for you and your business.

Madison Geldart