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Should I Add PayPal to My Shopify Store?

Last updated on October 1, 2022 @ 6:29 pm

As an ecommerce business, you know that giving your customers multiple payment options is important. You want to make sure that you can accept as many different types of payments as possible in order to make the buying process as easy as possible for your customers. But with so many different types of payments out there, it can be hard to know which ones to accept.

One type of payment that you may be considering is PayPal. But is PayPal right for your Shopify store? In this article, we’ll take a look at some of the pros and cons of using PayPal so that you can decide if it’s the right payment method for your business.

Pros:

One of the biggest advantages of using PayPal is that it’s a well-known and trusted brand. Customers are more likely to trust PayPal than they are to trust a new or unknown brand, which means they’re more likely to complete a purchase if they see that PayPal is an option. Additionally, PayPal is easy to set up and use, which means you won’t have to spend a lot of time getting it set up or training your staff on how to use it.

Cons:

One potential downside of using PayPal is the fees. While the fees are generally lower than those associated with other payment methods, they can still add up, particularly if you have a high volume of sales. Additionally, some customers may be put off by the fact that they need to create a PayPal account in order to use it as a payment method – this extra step can sometimes deter customers from completing a purchase.

Conclusion:

So, should you add PayPal to your Shopify store? Ultimately, the decision comes down to what’s best for your business.

If you think that PayPal will give you an advantage in terms of sales or customer satisfaction, then it’s probably worth setting up. However, if you’re concerned about the fees or think that it might deter some customers from completing a purchase, then you may want to consider other payment options.

PRO TIP: If you are considering adding PayPal to your Shopify store, you should be aware of the fees associated with doing so. PayPal charges a transaction fee of 2.9% + $0.30 for each sale made through their platform. This fee can eat into your profits, so be sure to factor it into your pricing when deciding whether or not to use PayPal.
Kathy McFarland

Kathy McFarland

Devops woman in trade, tech explorer and problem navigator.