When you set up your Shopify store, you have a list in front of you. It requires many steps to get your online store ready for the first sale. Shopify payment methods are numerous. When you create an online store, one of the steps to configure an e-commerce is to define the accepted payment methods.

Shopify payment methods for your online store

With Shopify, many payment methods can be connected. The options available are great. But which ones are really safe and recommended? We will talk about the most popular Shopify payment methods that you should provide to your customers.

PayPal

One of the best payment gateway for Shopify. There are mechanisms that provide security to those who buy, such as the guarantee of monetary return in case of fraud and a cashback gateway payment system that has become very popular among users.

Instant Bank Transfer

It’s also an easy way to deal with payments. Because the customer transfers money directly to the account, through the Klarna system. However, no buyer protection is offered.

Credit card

This form of payment includes the practicality and the possibility of installment payment, which is attractive to customers. It is convenient for the store if the purchase is completed immediately. Another interesting fact is that the credit card is relevant, for example, in an international transfer, as it is accepted in almost all countries. However, the store owner should carefully evaluate the deadlines to receive these payments and the fees charged by credit card operators.

Amazon Pay

An easy and reliable way for your customers to shop online is to use payment and shipping information stored in your Amazon invoices. You have complete customer relationship control, your product data is never collected or shared by Amazon.

Shopping with Klarna

Another possible payment method for your online store is to buy with Klarna. Customers receive the product and can analyze the quality and pay if satisfied on average up to 14 days after shipment. The seller is insured because Klarna, together with Schufa, checks the identity and creditworthiness of the customer. In any case, Klarna pays the seller.

Prepayment

With this payment method you send the order only when payment is received. Therefore, prepayment provides a high level of financial security. You don’t have to fear failure. The problem with prepayment is that it is not popular among the younger target group, it delays the delivery time and there is no consumer protection, so customers have to build trust in the seller.

What is the best Shopify payment method?

Due to the wide range of payment options, it can be difficult to make a decision. Some payment methods are definitely more suitable and therefore more recommended. Rely on Shopify payment methods that protect customers and sellers, such as, Paypal or Amazon Pay. Credit card can be attractive when it comes to international customers. Although purchase on account is not as secure as other methods, it makes the purchase seem more attractive because customers first see the product for themselves instead of paying directly. It is important to offer different payment methods. Leave the customer free to choose the online payment method that suits them best.

Shopify Payment Methods: Get help from eBakery

Need help choosing which Shopify payment methods to use? eBakery can help, contact us using the form below.