Best Shopify Payment Apps for Your Business

One of the most essential parts of a fully functioning eCommerce website is an efficient payment method. This not only provides convenience to your customers via hassle-free checkout, but it also ensures more revenue for your business. However, with all the different payment methods available in Shopify, how can you be sure to choose the right for your Shopify website? In this article, we will look into what Shopify Payment apps are and how you can choose the perfect one for you.

Summary

1. What is Shopify Payment App?
2. How Does the Shopify Payment System Work?
3. Types of Shopify Payment Apps for Your Business
4. Best Shopify Payment Apps to Install
5. Set up your Shopify Payment App and Boost Conversions Today!

What is Shopify Payment App?

Shopify Payments is the simplest way to accept payments online. It eliminates the hassle of setting up a third-party payment provider or merchant account and having to enter the credentials into Shopify. In addition, Shopify Payment Apps provide customized payment processing services for merchants.

This is made possible by allowing the following features:

• Provide additional payment methods and perform specific operations on such
• Control payment security for buyers
• Automate payment services, such as recurring payments
• Decide if they want to capture funds at the time of purchase or at the time of fulfilment. For more information, refer to the payment authorization

How Does the Shopify Payment System Work?

With Shopify, there are two types of payment methods. One is an offsite payment app, and the other is a credit card payment app. Customers are sent to a web page maintained by the offsite payment app where they may complete the payment procedure. These are additional payment options that the payments app accepts.

As for credit card payment apps, this method allows customers to complete the payment process directly on the merchant’s website. Additionally, these have added features such as 3DS authentication, which is also supported by the payments app.

Whether to opt for one option or the other solely depends on the specific needs and preferences of the merchant and their customers. However, some merchants may also choose to utilize both types of payment apps in order to offer their customers a wider variety of options at their convenience.

Types of Shopify Payment Apps for Your Business

Shopify offers various forms of payment apps that redirect customers for payment processing. These are the following:

• Wallets (refer to Prohibited actions for current limitations)
• Buy Now Pay Later / Installments / Buyer Financing
• Cards
• Bank Transfers / Online Banking
• Cryptocurrency
• Cash and ATM

Best Shopify Payment Apps to Install

Shopify has partnered with leading international payment providers to offer customers an option to pay using their preferred payment methods.

1. PayPal

Paypal is the most popular, credible and well-trusted payment platform with over 224 million users worldwide. With available payment via Mastercard, Visa, American Express etc., you are assured of quick and secure transactions. PayPal is safeguarded with 24/7 fraud monitoring and built-in support for two-factor authentication using cards (3D Secure).

2. Adyen

Adyen is a global multichannel payment company certified with PSD2, SCA, and PCI. Data and machine learning are also able to optimise payment for more revenues. Furthermore, Ayden provides fraud protection with risk management and can access data-rich insights, customise layouts, and provide all through helpful dashboards in one interface.

3. HitPay

HitPay is an emerging payment method option in Singapore, perfect for small eCommerce businesses. It accepts payments via PayNow, credit and debit cards, WeChat and Alipay.

Click here to see the full list of all the available Shopify Payment apps to find the perfect one for your business.

Set up your Shopify Payment App and Boost Conversions Today!

Nothing is more frustrating for customers than having to add everything they want to cart, all to abandon them because of a hassle checkout process. With Shopify Payment apps, you can make shopping simple and stress-free. By providing various options for customers to choose from, you not only provide them with the convenience they need, but you are also able to guarantee more sales conversions that contribute to your business’s overall success. Set up your Shopify Payment app with Shopify today!