{"id":18749,"date":"2023-08-21T03:37:00","date_gmt":"2023-08-21T07:37:00","guid":{"rendered":"https:\/\/onecommerce.io\/blog\/?p=18749"},"modified":"2023-08-28T13:32:34","modified_gmt":"2023-08-28T17:32:34","slug":"how-to-add-payment-methods-in-shopify","status":"publish","type":"post","link":"https:\/\/onecommerce.io\/blog\/2023\/08\/21\/how-to-add-payment-methods-in-shopify\/","title":{"rendered":"How To Add Payment Methods In Shopify In 6 Steps? [2023 Guide]"},"content":{"rendered":"<p><strong>&#8220;How to add payment methods in Shopify?&#8221;<\/strong> is one of the most important questions you need to answer as an online retailer. Why? Because <strong>the payment process is a key factor that influences customer satisfaction and loyalty.<\/strong><\/p>\n<p>No worries, in this blog post, we will show you<strong> the fundamental guide to add payment methods in Shopify, in just 6 steps<\/strong>! Whether you want to enable credit card payments, integrate popular digital wallets, or provide alternative payment options, we&#8217;ve got you covered. Ready to take your checkout experience to the next level?<\/p>\n<p>Let&#8217;s get started!<\/p>\n<table style=\"width: 100%; border-collapse: collapse; background-color: #f5f5f5;\">\n<tbody>\n<tr>\n<td style=\"width: 100%;\"><strong>\ud83d\udca1 Recommended reading:<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/onecommerce.io\/blog\/how-to-add-afterpay-to-shopify\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Best Ways On How To Add Afterpay to Shopify? (Step-by-step guide)<\/a><\/li>\n<li><a href=\"https:\/\/onecommerce.io\/blog\/shop-pay\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Shop Pay: What Is It And How Does It Work?<\/a><\/li>\n<li><a href=\"https:\/\/onecommerce.io\/blog\/how-to-change-currency-on-shopify\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">How To Change Currency On Shopify: Best Practices<\/a><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>Why Knowing How To Add Payment Methods In Shopify Matters?<\/h2>\n<p>Perhaps you\u2019ve already known about some basic functions explaining the benefits of using Shopify stores\u2019 payment methods. However, the deeper insights you know, the more usage it provides to your customers.<\/p>\n<p>Here are some outstanding points on why you should learn how to add payment methods in <a href=\"https:\/\/www.shopify.com\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Shopify<\/a>:<\/p>\n<h3><strong>1. Global market reach\u00a0<\/strong><\/h3>\n<p><a href=\"https:\/\/www.paymenteye.com\/white-papers\/ecc-payment-study-vol-20-german\/\" target=\"_blank\" rel=\"nofollow noopener\" data-schema-attribute=\"\">A study by ECC Koln<\/a>\u00a0revealed that 74.6% of customers find the payment process crucial for the shopping experience, with\u00a0<strong>50% having abandoned a purchase due to a lack of suitable payment methods.<\/strong><\/p>\n<p>E-commerce transcends geographical boundaries, and international customers have distinct payment preferences. Setting up\u00a0<a href=\"https:\/\/onecommerce.io\/blog\/get-customers-to-see-their-currencies\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">various payment gateways tailored to specific regions<\/a>\u00a0enables your store to tap into a broader global market.<\/p>\n<p>For example, if you want to sell to <strong>customers in China<\/strong>, you should consider adding <strong>Alipay or WeChat Pay<\/strong>, which are the most popular payment methods in the country. Similarly, if you want to target <strong>customers in Europe<\/strong>, you should offer payment options such as <strong>Klarna, iDEAL, or Sofort<\/strong>.<\/p>\n<h3>2. Increased Impulse Purchases<\/h3>\n<p><strong>The payment process is a key factor that influences impulse buying behavior.\u00a0<\/strong><\/p>\n<p>Customers are more likely to buy on a whim when the payment process is fast and easy. An interesting article suggested that<strong>\u00a0<a href=\"https:\/\/webtribunal.net\/blog\/impulse-buying-statistics\/#gref\" target=\"_blank\" rel=\"nofollow noopener\" data-schema-attribute=\"\">impulse buying accounts for up to 40% of all online purchases<\/a>,<\/strong> making it a huge opportunity for online retailers.<\/p>\n<p>By providing a range of payment options, such as\u00a0credit cards, digital wallets, or buy now pay later services, you can eliminate the obstacles to purchase and attract more impulse buyers.<\/p>\n<h3>3. Reduced Cart Abandonment<\/h3>\n<p>Imagine this: you have a customer who browses your online store, adds products to their cart, and proceeds to checkout. But then, <strong>they can\u2019t pay with their preferred metho<\/strong>d, they<strong> can\u2019t find the shipping information<\/strong>, or they <strong>can\u2019t trust the security of your site.<\/strong><\/p>\n<p>What do you think they will do? Chances are,<strong> they will abandon their cart and leave your store, never to return.<\/strong><\/p>\n<p>According to some research, the average cart abandonment rate for all industries is <a href=\"https:\/\/www.statista.com\/statistics\/457078\/category-cart-abandonment-rate-worldwide\/\" target=\"_blank\" rel=\"nofollow noopener\" data-schema-attribute=\"\">69.80%<\/a>, and about\u00a0<a href=\"https:\/\/www.shopify.com\/blog\/shopping-cart-abandonment\" target=\"_blank\" rel=\"nofollow noopener\" data-schema-attribute=\"\">7% of shoppers<\/a>\u00a0abandon their carts because they cannot find their preferred payment method.<\/p>\n<p>Prevent this by offering a wide range of payment gateways on your Shopify store. This will make the checkout process smoother and easier for your customers, and increase the likelihood of them completing their purchase.<\/p>\n<table style=\"width: 100%; border-collapse: collapse; background-color: #f5f5f5;\">\n<tbody>\n<tr>\n<td style=\"width: 100%;\"><strong>\ud83d\udca1 Pro tip:<\/strong><\/p>\n<p>Save your time with our comprehensive guide on how to edit the checkout page: <a href=\"https:\/\/onecommerce.io\/blog\/how-to-edit-checkout-page-in-shopify\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">A Simple Guide On How To Edit Checkout Page In Shopify<\/a>!<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><a href=\"https:\/\/go.onecommerce.io\/3XMff\" target=\"_blank\" rel=\"nofollow noopener\" data-schema-attribute=\"\"><img class=\"aligncenter wp-image-18314\" src=\"https:\/\/onecommerce.io\/blog\/wp-content\/uploads\/2023\/08\/shopify-free-trial-3-months-e1691461217224.png\" alt=\"shopify free trial\" width=\"500\" height=\"250\" title=\"\"><\/a><\/p>\n<h2>How to Add Payment Methods In Shopify?<\/h2>\n<p>To get started on how to add payment methods in Shopify, here&#8217;s an easy-to-follow guide for you:<\/p>\n<p><iframe title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/l4kZ_6JMGt8\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>In this guide, we will cover<strong> the 6 most basic steps on how to add payment methods in Shopify<\/strong>. Read on!<\/p>\n<h3>Step 1: Account Login<\/h3>\n<p>As usual, <a href=\"https:\/\/onecommerce.io\/blog\/shopify-log-in\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">log in to your Shopify account<\/a> using your credentials. Once you&#8217;re in, you&#8217;ll be taken to your <a href=\"https:\/\/onecommerce.io\/blog\/shopify-admin\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Shopify Admin<\/a>, where you manage all aspects of your online store.<\/p>\n<div id=\"attachment_18761\" style=\"width: 1210px\" class=\"wp-caption aligncenter\"><img aria-describedby=\"caption-attachment-18761\" class=\"size-full wp-image-18761\" src=\"https:\/\/onecommerce.io\/blog\/wp-content\/uploads\/2023\/08\/shopify-account-login-how-to-add-payment-methods-in-Shopify.png\" alt=\"shopify account login - how to add payment methods in Shopify\" width=\"1200\" height=\"581\" title=\"\"><p id=\"caption-attachment-18761\" class=\"wp-caption-text\">Log in to your Shopify account<\/p><\/div>\n<h3>Step 2: Payment Settings<\/h3>\n<p>In the left-hand menu, click on <strong>Settings<\/strong>, and then select <strong>Payment<\/strong>\u00a0from the drop-down menu.<\/p>\n<div id=\"attachment_18763\" style=\"width: 1210px\" class=\"wp-caption aligncenter\"><img aria-describedby=\"caption-attachment-18763\" class=\"size-full wp-image-18763\" src=\"https:\/\/onecommerce.io\/blog\/wp-content\/uploads\/2023\/08\/shopify-settings-how-to-add-payment-methods-in-Shopify.png\" alt=\"shopify settings - how to add payment methods in Shopify\" width=\"1200\" height=\"480\" title=\"\"><p id=\"caption-attachment-18763\" class=\"wp-caption-text\">Navigate the Settings tab<\/p><\/div>\n<h3>Step 3: Payment Methods<\/h3>\n<p>Click on <strong>Add payment methods<\/strong>\u00a0on the Payment page.<\/p>\n<div id=\"attachment_18762\" style=\"width: 1210px\" class=\"wp-caption aligncenter\"><img aria-describedby=\"caption-attachment-18762\" class=\"size-full wp-image-18762\" src=\"https:\/\/onecommerce.io\/blog\/wp-content\/uploads\/2023\/08\/shopify-payments-settings-how-to-add-payment-methods-in-Shopify.png\" alt=\"shopify payments settings - how to add payment methods in Shopify\" width=\"1200\" height=\"498\" title=\"\"><p id=\"caption-attachment-18762\" class=\"wp-caption-text\">Choose the Payments option from the Settings list<\/p><\/div>\n<h3>Step 4: Payment Options<\/h3>\n<p>There are two ways to choose payment options, depending on your preferences.<\/p>\n<ul>\n<li><strong>Search by payment method<\/strong><\/li>\n<\/ul>\n<div id=\"attachment_18759\" style=\"width: 610px\" class=\"wp-caption aligncenter\"><img aria-describedby=\"caption-attachment-18759\" class=\"wp-image-18759\" src=\"https:\/\/onecommerce.io\/blog\/wp-content\/uploads\/2023\/08\/payment-methods-how-to-add-payment-methods-in-Shopify.png\" alt=\"payment methods - how to add payment methods in Shopify\" width=\"600\" height=\"634\" title=\"\"><p id=\"caption-attachment-18759\" class=\"wp-caption-text\">Choose from Payment methods<\/p><\/div>\n<ul>\n<li><strong>Search by provider<\/strong><\/li>\n<\/ul>\n<div id=\"attachment_18760\" style=\"width: 610px\" class=\"wp-caption aligncenter\"><img aria-describedby=\"caption-attachment-18760\" class=\"wp-image-18760\" src=\"https:\/\/onecommerce.io\/blog\/wp-content\/uploads\/2023\/08\/providers-how-to-add-payment-methods-in-Shopify.png\" alt=\"providers - how to add payment methods in Shopify\" width=\"600\" height=\"636\" title=\"\"><p id=\"caption-attachment-18760\" class=\"wp-caption-text\">Choose from Providers<\/p><\/div>\n<p>Shopify offers its payment gateway,<a href=\"https:\/\/onecommerce.io\/blog\/shopify-payments\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\"> Shopify Payments<\/a>, which supports various credit cards and is easy to set up.<\/p>\n<p>Alternatively, you can explore other third-party payment gateways. Shopify supports numerous options like <strong>PayPal, VISA, Mastercard, and many more.<\/strong><\/p>\n<h3>Step 5: Payment Activation<\/h3>\n<p>After configuring the payment gateway, you can enable the option by clicking the <strong>Activate<\/strong>\u00a0button for your Shopify stores.<\/p>\n<h3><a href=\"https:\/\/getstartedtiktok.pxf.io\/ZQKv1W\" target=\"_blank\" rel=\"nofollow noopener\" data-schema-attribute=\"\"><img class=\"size-full wp-image-18308 aligncenter\" src=\"https:\/\/onecommerce.io\/blog\/wp-content\/uploads\/2023\/08\/728x90.png\" alt=\"\" width=\"728\" height=\"90\" title=\"\"><\/a><\/h3>\n<h3>Step 6: Account Credentials<\/h3>\n<p>In this final step, for each selected provider, you need to fill in some required account information such as <strong>Merchant email and Secret word<\/strong> to enhance security and confidentiality.<\/p>\n<div id=\"attachment_18758\" style=\"width: 1210px\" class=\"wp-caption aligncenter\"><img aria-describedby=\"caption-attachment-18758\" class=\"size-full wp-image-18758\" src=\"https:\/\/onecommerce.io\/blog\/wp-content\/uploads\/2023\/08\/account-credential-how-to-add-payment-methods-in-Shopify.png\" alt=\"account credential - how to add payment methods in Shopify\" width=\"1200\" height=\"596\" title=\"\"><p id=\"caption-attachment-18758\" class=\"wp-caption-text\">Fill in the requires account credential for each added payment method<\/p><\/div>\n<p>On the other hand, Shopify will ask you to connect your payment provider if it\u2019s not linked to your Shopify store yet.<\/p>\n<h2>FAQs<\/h2>\n<h3><strong>1. Can you add multiple payment methods in Shopify?<\/strong><\/h3>\n<p>Yes, you can add multiple payment methods in Shopify to offer your customers more choices and convenience when they shop in your store.<\/p>\n<p><strong>How to add multiple payment methods in Shopify?<\/strong> Follow these steps:<\/p>\n<ul>\n<li>From your <strong>Shopify admin<\/strong>, go to <strong>Settings &gt; Payments.<\/strong><\/li>\n<li>In the <strong>Payment providers<\/strong> section, click <strong>Choose third-party provider<\/strong>.<\/li>\n<li>Under <strong>Third-party payment providers<\/strong>, find and activate the <strong>payment gateways that you want to use on your store.<\/strong><\/li>\n<\/ul>\n<p>You can choose from a variety of payment gateways that support different payment methods, such as credit cards, digital wallets, buy now pay later services, or local payment methods. You can also use <a href=\"https:\/\/onecommerce.io\/blog\/shopify-payments\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Shopify Payments<\/a>, which is the default payment provider for Shopify stores.<\/p>\n<ul>\n<li>Enter your p<strong>ersonal and business information,<\/strong> such as your name, address, phone number, email, bank account details, tax information, and product details<strong> for each payment gateway<\/strong> that you activate.<\/li>\n<li><strong>Review and accept the Terms of Service<\/strong> for each payment gateway that you activate.<\/li>\n<li>Click <strong>Complete account setup<\/strong>.<\/li>\n<\/ul>\n<p>That\u2019s it! You have successfully added multiple payment methods in Shopify. You can also customize your payment settings, such as choosing the currencies and payment methods that you want to offer to your customers.<\/p>\n<h3><strong>2. How much does Shopify take per sale?<\/strong><\/h3>\n<p><a href=\"https:\/\/onecommerce.io\/blog\/how-much-does-shopify-take-per-sale\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">The amount of money that Shopify takes per sale<\/a> when using payment methods depends on the type of plan you have and the payment provider you use.<\/p>\n<p>If you use Shopify Payments, which is Shopify\u2019s own payment processor,<strong> you will only pay a <a href=\"https:\/\/onecommerce.io\/blog\/shopify-transaction-fees\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">transaction fee<\/a> for each sale<\/strong> that ranges from 2.4% to 2.9% + 30\u00a2 USD, depending on your plan.<\/p>\n<p>If you use a third-party payment provider, such as PayPal or Stripe, <strong>you will pay the transaction fee charged by the provider, plus a Shopify fee that varies depending on your plan.<\/strong> Shopify will take a fee ranging from 0.5% to 2% per sale, depending on your plan.<\/p>\n<h2>Closing Words<\/h2>\n<p>Thank you for reading this blog post. You\u2019ve successfully learned <strong>how to add payment methods in Shopify<\/strong> and optimized the seamless and flexible payment journey. Congratulation on taking a big step towards growing your online business and reaching more customers around the world.<\/p>\n<p>We hope you found this blog post helpful and informative. If you are interested in seeing more articles related to Shopify, don\u2019t forget to check <a href=\"https:\/\/onecommerce.io\/blog\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">OneCommerce Blog<\/a> regularly for new updates!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;How to add payment methods in Shopify?&#8221; is one of the most important questions you&hellip;<\/p>\n","protected":false},"author":4,"featured_media":18751,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[847,3],"tags":[655,810,93,653],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/onecommerce.io\/blog\/wp-json\/wp\/v2\/posts\/18749"}],"collection":[{"href":"https:\/\/onecommerce.io\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/onecommerce.io\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/onecommerce.io\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/onecommerce.io\/blog\/wp-json\/wp\/v2\/comments?post=18749"}],"version-history":[{"count":14,"href":"https:\/\/onecommerce.io\/blog\/wp-json\/wp\/v2\/posts\/18749\/revisions"}],"predecessor-version":[{"id":18820,"href":"https:\/\/onecommerce.io\/blog\/wp-json\/wp\/v2\/posts\/18749\/revisions\/18820"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/onecommerce.io\/blog\/wp-json\/wp\/v2\/media\/18751"}],"wp:attachment":[{"href":"https:\/\/onecommerce.io\/blog\/wp-json\/wp\/v2\/media?parent=18749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/onecommerce.io\/blog\/wp-json\/wp\/v2\/categories?post=18749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/onecommerce.io\/blog\/wp-json\/wp\/v2\/tags?post=18749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}