Technology has completely transformed how businesses are carried on in the 21st century. And payment gateways have changed the way eCommerce stores accept and process payments.
A payment gateway to an eCommerce store is what a cashier is to a normal brick and mortar store. It allows an eCommerce store to accept different forms of electronic payment online from its customers, and is one of the most crucial aspects of an online shop. Hence, it is extremely important that you choose the best payment gateways for Shopify stores.
Here I am going to introduce 3 of the best shopify payment gateway tools in 2019 to you . These are the best shopify payment gateways because they serve the most countries and they’re among the most trusted companies that offer payment processing. They’re also direct gateways to help your business look professional.
TOP 1 PayPal Payment Pro
PayPal Payments Pro is a fully customizable payments system that lets you accept all major credit and debit cards, PayPal, and PayPal Credit. You create the online checkout experience that’s right for your customers — from branding and look-and-feel to back-end integration.
PayPal Payments Pro also gives you detailed order management and transaction history, letting you see all credit card, debit card, and PayPal transactions in one place. For every sale, funds are transferred into your PayPal account, usually in minutes. You can then transfer the money to your bank account or keep it in your PayPal account to use for other online business transactions. All of it is easily managed in your PayPal dashboard.
However, it costs $30 per month and there’s a PayPal transaction fee of 2.9% plus 30 cents.
TOP2 Strip
Stripe is a technology company that provides payment services for individuals or companies on the Internet. Stripe provides the technology needed to accept payments online, avoid Credit card fraud technology and banking infrastructure. It is also one of the most widely used payment methods by Shopify merchants.
Stripe is a fast-growing payment gateway that’s able to handle recurring payments and can process refunds automatically
Stripe can be installed for free, with no monthly fee or other hidden fees. Only when your platform has orders and can make money will it be charged a certain transaction fee, and the money earned will be transferred to your bank account within 7 days.
Top 3 Epay payment
Epay payment gateway integrates the most mainstream legal currency and E-currency. In addition to paying mainstream currency such as USD, EUR, JPY, HKD and GBP with Epay balance, it can also be paid in currencies such as AUD, IDR, and SGD through local bank channel.
A gateway is equivalent to 6 payment methods and more than 10 currencies, easily receiving payments from users around the world. It is worth mentioning that Epay also supports 4 major e-currency payment methods which are Perfect Money, Advcash, Payeer, and Fasapay.
Compared with Paypal Pro and Stripe, using Epay Shopify payment plug-in does not require monthly fee or transaction fee, and only 1% withdrawal fee is charged when merchants withdraw from Epay to their bank account.
Choosing the best payment gateways for Shopify is one of the most important decisions you’ll ever make for your online store. The right selection will ensure that the payment process is seamless, not only can meet the requirements of customers in different countries, but also promote the development of the platform and increase profits. You can choose the one that is most suitable for you after a comprehensive comparison according to the security, supporting countries, and expenses.