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What Is Shopify Payment Gateway?

Last updated on October 1, 2022 @ 6:32 pm

Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems.

Shopify was founded in 2004 by Tobias Lütke, Daniel Weinand, and Scott Lake after attempting to open Snowdevil, an online store for snowboarding equipment. Snowdevil was closed after two months because the founders could not make it profitable. Lütke, Weinand, and Lake then decided to launch their own e-commerce platform which would be easy to use and less expensive than existing solutions.

Shopify launched its platform in 2006. The company has since grown to employ over 2,000 people and is worth over $1 billion.

What Is Shopify Payment Gateway?

Shopify Payment Gateway is a service that allows Shopify merchants to accept credit card payments. The gateway is provided by Shopify Inc., a Canadian company headquartered in Ottawa, Ontario. Shopify Payment Gateway is available in the United States, Canada, Australia, New Zealand, and the United Kingdom.

The gateway provides merchants with a secure way to accept credit card payments online. It also offers fraud protection and merchant account management. Shopify Payment Gateway is integrated with Shopify’s e-commerce platform, making it easy for merchants to start accepting credit card payments.

How Does Shopify Payment Gateway Work?

When a customer makes a purchase from a Shopify store using a credit card, the payment is processed by Shopify Payment Gateway. The gateway will then authorize the transaction and forward the funds to the merchant’s bank account.

PRO TIP: If you are planning to use Shopify as your payment gateway, be aware that there have been reports of fraudulent charges and unauthorized transactions. Be sure to keep a close eye on your account activity and report any suspicious activity to your bank or credit card issuer immediately.

Shopify Payment Gateway charges a transaction fee of 2.9% + $0.30 per transaction. There are no setup fees or monthly fees. The gateway is available to all Shopify merchants in the United States, Canada, Australia, New Zealand, and the United Kingdom.

What Is Shopify Payment Gateway?

Shopify Payment Gateway is a service that allows Shopify merchants to accept credit card payments.

Shopify Payment Gateway is available in the United States, Canada, Australia, New Zealand, and the United Kingdom.

The gateway provides merchants with a secure way to accept credit card payments online.

Shopify Payment Gateway is integrated with Shopify’s e-commerce platform, making it easy for merchants to start accepting credit card payments.

>How Does Shopify Payment Gateway Work?

>>When a customer makes a purchase from a Shopify store using a credit card, the payment is processed by Shopiry Payment Gateway.

>Shopiry Payment Gateway charges a transaction fee of 2.

>The gateway is available to all Shopiry merchants in the United States, Canada Australia New Zealand, and the United Kingdom.

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Madison Geldart

Madison Geldart

Cloud infrastructure engineer and tech mess solver.