Shopify Payments review

Shopify Payments is the default choice for any seller whose store already runs on Shopify, mainly because the alternative costs extra: Shopify charges a 2% third-party transaction fee when you use another payment provider. Turning it on adds cards, wallets, installments and crypto at checkout, plus Shop Pay, which Shopify says has 250M+ buyers and up to 50% higher conversion than guest checkout. Customers can pay in 130+ currencies while you are paid in your own, and the same account covers in-person sales, so online and store revenue sit in one view. Payouts go to a checking account or a Shopify Balance account on a daily, weekly or monthly schedule. The limits are clear: it only works inside Shopify, some countries have a minimum payout amount, and card rates depend on your Shopify plan. Shopify's pricing page showed local currency from our location, so we list the USD rates as pending.

Who it is for

stores already built on Shopify

Price

See vendor pricing (USD check pending).

US price check pending. See the vendor pricing page.

Key features

• Accepts cards, wallets, installments and crypto from day one, per Shopify
• Shop Pay accelerated checkout with 250M+ Shop Pay buyers, per Shopify
• Customers can pay in 130+ currencies while you get paid in yours
• Payouts on a daily, weekly or monthly schedule
• Built-in fraud analysis when Shopify Payments is active

Strengths and weaknesses

• Strength: Using it avoids Shopify's 2% third-party transaction fee
• Strength: One view of sales and cash flow across online and in-store
• Strength: Shopify Balance accounts can receive payouts
• Weakness: Only works for stores on Shopify
• Weakness: Some countries set a minimum payout amount
• Weakness: Pricing page showed local currency from our location, so USD card rates are not verified

Key facts

• Third-party transaction fee avoided: 2% on stores using another provider
• Currencies at checkout: 130+
• Payout schedules: Daily, weekly or monthly
• Shop Pay buyers: 250M+ per Shopify

Where it ranks

Shopify Payments is No. 3 in our Best Payment Gateways for Small Business verdict.