Gateways and payment methods: how much do they cost?

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To open a business account, you will need to go to your local bank or go to an online bank. In either case, the bank will want to verify that you are the owner of a business, partnership, or sole proprietorship, and will ask you to submit some identification requirements.

Next, you will need to determine which payment method you will offer to your online store customers. For example, if you choose to use PayPal, you will need to create a PayPal account and then connect it to your site.

In the backend of your store, under the “Settings” section, click on the “Payments” option. Here you can add multiple payment gateways by selecting the drop-down menu. Once you choose an option, you malaysia email list will be

prompted to provide your login credentials. You will need to log in to your PayPal account to allow Shopify to start processing payments through PayPal.

You can repeat this for all the payment methods listed in the drop-down menu. However, I recommend adding only a couple of them (i.e. the most popular ones) to your store to avoid confusing your customers. Shopify Payments (Stripe) and PayPal are the payment gateways that buyers use or search for the most.

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Each payment gateway has its own fees. For example, Shopify Payments uses Stripe, which charges 2.9% and

0.30 cents for each credit card charge. PayPal charges the same fees, and both systems charge fees for international currency exchange.

Authorize.net charges 2.9% and 0.30 cents per transaction , a $49 setup fee, and a $25 monthly fee. When choosing gateways and payment methods for your store, check the pricing page for each and verify all associated costs.