Shopify Payments -- Everything you need to know ｜ PayU: What are the platforms for three-way payments in India?

With the rapid growth of e-commerce in India, payment services have provided the ideal solution for merchants, big and small, to sell online.Shopify Payments is one such payment gateway that has made online payments easier than ever before. What started as a platform to sell snowboards online has become a leading e-commerce platform with a 20% share of the market, helping merchants not only set up their online and offline shops, but also taking care of all the payment-related setup. Whether you're selling through social media, a brick-and-mortar shop, or from the basement of your home, Shopify has your back fully covered.

However, you might have many questions about Shopify and its services. Don't worry, we have compiled all the necessary information about Shopify Payments in India for you in this article, so let's explore them one by one.

Firstly, how do I get started with Shopify?

Providing customers with a seamless payment experience is critical for businesses seeking to prosper. Choosing Shopify as your e-commerce platform allows your business to utilise Shopify Payments or integrate with a supported third-party payment service provider. This empowers your business with the freedom to choose the payment gateway that best suits the needs and expand your business to any digital platform.

You can click here for more information about the available third-party payment service providers. In order to successfully integrate your chosen provider on the Shopify website, plugins developed by these payment processors need to be integrated into the Shopify API.

Shopify Payments Support in India

In India, your business can accept payments through the following payment methods:

- credit cards

- online banking

- debit cards

- UPI

- Online wallet

- Bank transfers

- COD or cash on delivery

Additionally, Shopify Payments India also supports instalment and buy now pay later options. These options make it easy for customers to purchase high-value goods, which is especially important for purchasing electronics and important household items.

Steps to a Successful Shopify Payments Integration

Here are the steps to integrate different online payment methods into your Shopify shop:

1. Open your Shopify partner account.

2. Click on the "Settings" option and a drop-down menu will appear.

3. Select "Payment Service Provider".

4. Select your preferred provider from the list.

5. Fill in the form that appears on the screen.

6. Check your information and click "Activate".

Shopify Payment Gateway Pricing

After understanding the essentials of usage and provider integration, the next thing to consider is pricing. The various payment options offered in the marketplace vary in functionality and therefore in price. For a thriving business, it would be beneficial to compare the different POS payment options and their corresponding price points.The main fees charged by Shopify Payments include:

- Payment of a one-time set-up fee for the gateway

- Maintenance costs charged annually

- Integration fees will be charged upon successful integration of the payment gateway

- For processing debit or credit card transactions, merchants are usually charged a fee of 1-31 TP3T.

When integrating these payment platforms into your Shopify site, it's important to note that Shopify platform fees and payment gateway fees are charged separately. As payment platforms offer different features, it is crucial to choose the one that best suits your needs. It is recommended that you avoid free online payment platforms to protect your business interests.

reach a verdict

With the shift to cashless payments and e-commerce, online transactions have become the norm. E-commerce offers great potential for businesses looking to serve a national clientele. However, as a business owner, you should research carefully to reduce costs and maximise revenue. With a solution like Shopify Payments, taking advantage of the conveniences it offers will help your business reach new heights.

While choosing a specific payment gateway can be a challenge for startups, small businesses, or brand management, the sky's the limit when it comes to the wide variety of products sold on Shopify. Hopefully, this article will help you optimise your online payment solution for your online business with Shopify Payments.

Now that you've learned about Shopify and what it has to offer, it's time to choose the best payment solution provider, PayU, to set up and start selling.

Register for PayU

common problems

What is Shopify?Shopify is an online commerce platform designed to empower businesses of all sizes.Shopify offers features that enable businesses to go digital, i.e. allow you to sell your products on the web, on mobile devices, on social media and on other marketplaces. This is achieved by providing a seamless customer experience and multiple payment options for digital transactions.

How does Shopify Payments work? How do I install it? Because Shopify is a cloud-based application, you and your business don't have to worry about installing, maintaining, or upgrading the software involved. This gives your business the flexibility to grow anywhere you have a strong internet connection.

Does Shopify Payments offer a free trial? For businesses looking to create a digital presence, Shopify Payments offers a 14-day free trial with no credit card required. After the trial period is over, you'll need to transition to the pricing plan that works best for you based on the type of customers you wish to serve.

Do I need technical support to utilise Shopify? Shopify Payments offers a comprehensive solution, so you don't need a specific designer or technical developer, and allows you to customise the look and feel of your payment portal. Shopify Payments also allows you to customise the look and feel of your payment portal, and Shopify has a dedicated customer support team that you can contact when you need them.

What is a merchant account? A merchant account is an account into which funds are deposited after a customer completes a transaction. The amount in the merchant account becomes available after the payment has been processed and authorised.

What should I do if my country doesn't support Shopify Payments? You don't have to worry if your country doesn't support Shopify Payments. You can access the payment services offered by Shopify Payments through the payment gateway of your choice. This e-commerce platform has partnerships with over 100 payment providers worldwide.