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Advantages and disadvantages of Shopify Payments
All payment providers in one place
What are the pros and cons of Shopify Payments? We have addressed this question in the following video. If you also want to know if Shopify Payments is suitable for your online store, then it’s best to look until the end.
What is Shopify Payments?
One sentence in advance for classification. Shopify Payments includes some of the most popular payment methods in Germany.
Purchase on account, Sofortüberweisung, credit card payment, Apple Pay, Google Pay and Shop Pay. What is not included in this is PayPal. You will need to integrate this into your store in addition to Shopify Payments. The first advantage is obvious: You only need to set up Shopify Payments, which is very easy by the way, and you can directly offer multiple payment options in your online store. However, so much simplicity is not free, or rather, with Shopify Payments, a fee is charged.
Advantages and disadvantages of Shopify Payments - transparency and fewer shopping cart abandonments
The advantage is, however, this is completely transparent, as you can see in the video. But as already mentioned, extensions like PayPal or Amazon Pay are possible within Shopify. However, how does the checkout process differ between extensions and payment methods included in Shopify Payments?
The answer is – you stay on the store level all the time with the latter, which reduces general, as well as technical shopping cart abandonment. With PayPal, for example. you have to log in a new window.
Fast payout and Shopify POS
Also, the payout takes place within a few business days, so you as a merchant do not have to wait long for your money. The practical thing about Shopify is also the extension from online to offline commerce. If you are also pursuing an omnichannel strategy and selling at trade fairs or in retail stores, credit card payment can be offered via Shopify Payments.
Advantages and disadvantages of Shopify Payments - What are the disadvantages?
So as you can see, some advantages. But is there anything less good to say?
It depends. In any case, you need to check beforehand if your sales assortment is in accordance with the Shopify Payments T&Cs. Thus, articles exclusively for adults, gambling articles and, consequently, tobacco products, pharmaceutical products, fireworks, etc. are not allowed. Chargebacks are just as difficult, or more likely costly.
Expensive chargeback costs
Considerable sums are charged for this. If necessary, include this in your price calculation. And also the last possibly occurring disadvantage, is rather the exception and also occurs with other providers. For example, amounts may be frozen in the event of suspicious account activity or erroneous chargebacks. But as I said, this can also happen with PayPal if specific cases have to be clarified first.
Advantages and disadvantages of Shopify Payments - summary
So, to sum up, the advantages clearly outweigh the disadvantages. Is Shopify Payments alone enough?
Probably not. PayPal in particular is a criteria that can lead to failure if you do not offer it in the store.
However, it is a simplification and should at least be considered for Shopify merchants. If you have a different opinion, please let us know in the comments.
Looking for a Shopify agency?
If you want to take a closer look at other tools like these, let our experts advise you and find the ideal tools for your project. Our Shopify agency page is linked at the top right. There you can make an appointment with our professionals and clarify everything else.
Do you have questions or need an individual offer? Do not hesitate to contact us.
Haben Sie Fragen oder brauchen ein individuelles Angebot? Zögern Sie nicht, uns zu kontaktieren.
