Shopify Payments is a payment processing solution that allows Shopify merchants to accept payments directly through Shopify. It is a fully integrated payment gateway, which means that merchants do not need to set up a separate merchant account or use a third-party payment processor.
Shopify Payments supports a wide range of payment methods, including credit cards, debit cards, PayPal, and Apple Pay. It also offers a variety of features that can help merchants improve their checkout process, such as guest checkout, saved payment methods, and one-click checkout.
Here are some of the key features of Shopify Payments:
- Easy to set up: Shopify Payments can be set up in minutes, and there are no monthly fees or setup fees.
- Low fees: Shopify Payments offers competitive fees, starting at 2.9% + 30 cents per transaction.
- Secure: Shopify Payments is PCI compliant, so merchants can be confident that their payments are secure.
- Global: Shopify Payments is available in over 100 countries, so merchants can accept payments from customers all over the world.
If you are a Shopify merchant in India, Shopify Payments is a great option for accepting payments. It is easy to set up, has low fees, and is secure. Additionally, Shopify Payments supports a wide range of payment methods that are popular in India, such as credit cards, debit cards, and PayPal.
Why is it important for Shopify merchants in India to know if Shopify Payments is available in their country?
There are a few reasons why it is important for Shopify merchants in India to know if Shopify Payments is available in their country.
- Shopify Payments is a convenient and affordable way to accept payments: It is a fully integrated payment gateway, which means that merchants do not need to set up a separate merchant account or use a third-party payment processor. This can save merchants time and money.
- Shopify Payments is a secure way to accept payments: Shopify Payments is PCI compliant, which means that it meets the highest security standards for handling credit card information. This helps to protect merchants from fraud and data breaches.
- Shopify Payments is a global payment gateway: This means that merchants can accept payments from customers all over the world. This can help merchants to expand their reach and grow their business.
If Shopify Payments is not available in India, then merchants will need to use a third-party payment processor. This can be more complicated and expensive than using Shopify Payments. Additionally, third-party payment processors may not offer the same level of security as Shopify Payments.
Therefore, it is important for Shopify merchants in India to know if Shopify Payments is available in their country. If it is not available, then merchants should carefully consider their options before choosing a third-party payment processor.
Overview of Shopify Payments in India
What are the payment methods that Shopify Payments supports in India?
Shopify Payments supports a wide range of payment methods in India, including:
- Credit cards: Visa, Mastercard, American Express, and Diners Club
- Debit cards: Visa, Mastercard, and RuPay
- UPI: Unified Payments Interface (UPI) is a real-time payment system developed by the National Payments Corporation of India (NPCI). It allows you to make payments directly from your bank account to another bank account using your mobile phone.
- Netbanking: Netbanking is a service that allows you to make payments online using your bank account. You can use netbanking to pay for your Shopify orders through your bank’s website or mobile app.
- Cash on delivery (COD): COD is a payment method where you pay for your Shopify orders when they are delivered to you.
Shopify Payments also supports a number of other payment methods, such as PayPal, Amazon Pay, and Apple Pay. However, these payment methods may not be available to all merchants in India. To see a full list of the payment methods that Shopify Payments supports in India, you can visit the Shopify Payments website.
Here are some of the benefits of using Shopify Payments with these payment methods:
- Convenient: Shopify Payments makes it easy for your customers to pay for their orders. They can use the payment method that they prefer, and they can pay for their orders quickly and easily.
- Secure: Shopify Payments is a secure payment gateway. Your customers’ payment information is protected by the latest security standards.
- Affordable: Shopify Payments offers competitive fees. You can start accepting payments with Shopify Payments for as little as 2.0% + ₹3 per transaction.
What are the fees associated with Shopify Payments in India?
The fees associated with Shopify Payments in India are as follows:
- Basic Shopify, Shopify, and Advanced Shopify plans: The transaction fee is 2.0% + ₹3 per transaction.
- Shopify Plus plans: The transaction fee is negotiable with Shopify.
In addition to the transaction fees, there are also a few other fees that may apply, such as:
- Set-up fee: There is a one-time set-up fee of ₹299 for Shopify Payments in India.
- Monthly fee: There is no monthly fee for Shopify Payments in India.
- Chargeback fees: If a customer disputes a charge, Shopify may charge a chargeback fee. The chargeback fee is typically between 15% and 20% of the disputed amount.
Overall, the fees associated with Shopify Payments in India are competitive. If you are a Shopify merchant in India, Shopify Payments is a great option for accepting payments. It is convenient, secure, and affordable.
How do I set up Shopify Payments in India?
Here are the steps on how to set up Shopify Payments in India:
- Go to your Shopify admin panel and click on Settings > Payments.
- Click on Shopify Payments.
- If you are not already enrolled in Shopify Payments, click on Enroll now.
- Follow the instructions to complete the enrollment process.
- Provide your bank account information.
- Verify your bank account.
- Once your bank account is verified, you will be able to start accepting payments with Shopify Payments.
Here are some additional things to keep in mind when setting up Shopify Payments in India:
- You must be using a Shopify plan that supports Shopify Payments.
- You must have a valid Indian bank account.
- You must be able to provide your PAN (Permanent Account Number) or TAN (Tax Deduction Account Number) number.
If you have any questions about setting up Shopify Payments in India, you can contact us contact@webbytroops.com
Alternatives to Shopify Payments in India
What are the other payment gateways that Shopify merchants in India can use?
Here are some of the other payment gateways that Shopify merchants in India can use:
- Razorpay: Razorpay is a popular payment gateway in India that supports a wide range of payment methods, including credit cards, debit cards, and UPI.
- PayU: PayU is another popular payment gateway in India that offers similar features to Razorpay.
- CCAvenue: CCAvenue is a well-established payment gateway in India that offers competitive fees.
- EBS: EBS is a payment gateway that offers a variety of payment methods, including credit cards, debit cards, and netbanking.
- Instamojo: Instamojo is a payment gateway that is specifically designed for small businesses. It offers a simple and easy-to-use interface.
- Paytm: Paytm is a popular mobile wallet in India that can be used to make payments online and offline.
When choosing a payment gateway, it is important to consider the following factors:
- The types of payment methods that the gateway supports: You want to make sure that the gateway supports the payment methods that your customers prefer.
- The fees that the gateway charges: You want to make sure that the fees charged by the gateway are competitive.
- The security features that the gateway offers: You want to make sure that the gateway offers a high level of security to protect your customers’ payment information.
- The customer support that the gateway offers: You want to make sure that the gateway offers good customer support in case you have any problems.
Once you have considered these factors, you can start comparing different payment gateways to find the best one for your business.
What are the pros and cons of each payment gateway?
Sure, here is a table comparing the pros and cons of some of the most popular payment gateways in India:
| Payment Gateway | Pros | Cons |
|---|---|---|
| Shopify Payments | Convenient: Fully integrated with Shopify. Secure: PCI compliant. Affordable: Competitive fees. Global: Supports payments from customers all over the world. | Not available in all countries. May not offer the same level of features as third-party payment gateways. |
| Razorpay | Wide range of payment methods: Supports credit cards, debit cards, UPI, and Netbanking. Fast settlement: Settlements are processed within 24 hours. Good customer support: Available 24/7. | Higher fees than some other gateways. * Not as widely used as some other gateways. |
| PayU |
| Higher fees than some other gateways. * Not as widely used as some other gateways. |
| CCAvenue | Competitive fees: Fees are comparable to other gateways. Wide range of payment methods: Supports credit cards, debit cards, UPI, and Netbanking. Well-established: Has been in business for over 10 years. | Not as widely used as some other gateways. Customer support can be slow at times. |
| EBS | Wide range of payment methods: Supports credit cards, debit cards, UPI, and Netbanking. Competitive fees: Fees are comparable to other gateways. Easy to set up: Can be set up in minutes. | Not as widely used as some other gateways. Customer support can be slow at times. |
| Instamojo | Simple and easy-to-use interface: Ideal for small businesses. Competitive fees: Fees are comparable to other gateways. Fast settlement: Settlements are processed within 24 hours. | Not as widely used as some other gateways. Limited payment methods: Supports credit cards, debit cards, and netbanking. |
| Paytm | Popular mobile wallet: Can be used to make payments online and offline. Wide range of payment methods: Supports credit cards, debit cards, UPI, and Paytm Wallet. Fast settlement: Settlements are processed within 24 hours. | Higher fees than some other gateways. Not as widely used as some other gateways for online payments. |
Ultimately, the best payment gateway for you will depend on your specific needs and requirements. Consider the factors that are most important to you, such as the types of payment methods you want to accept, the fees you are willing to pay, and the level of security you need. Once you have considered these factors, you can start comparing different payment gateways to find the best one for your business.
In the end
there are a number of payment gateways that Shopify merchants in India can use. The best payment gateway for you will depend on your specific needs and requirements. Consider the factors that are most important to you, such as the types of payment methods you want to accept, the fees you are willing to pay, and the level of security you need. Once you have considered these factors, you can start comparing different payment gateways to find the best one for your business.
If you have any questions about setting up Shopify Payments in India, you can contact us contact@webbytroops.com