- Seamless integration for Shopify stores: Shopify Payments is the default payment option for Shopify store owners.
- Multiple subscription options: With Shopify Payments, you can sign up for a Starter, Retail, Basic, Shopify or Advanced plan. The Basic plan is the most popular.
- Several options for integration and point-of-sale (POS) hardware: Shopify Payments is flexible for different businesses, including for merchants who want to sell online, in-store or both.
Shopify Payments is automatically set up with Shopify stores. Merchants can track their orders and payments through an integrated platform.
With Shopify Payments, you’re also able to sell in different currencies even if they don’t match the currency of your bank. The transaction fees can be competitive depending on which plan you sign up for and how much money your store will process in transactions on a regular basis.
Shopify Payments is a good option to consider if you’re already using Shopify. However, Shopify Payments does charge a monthly subscription fee in addition to transaction fees, which is something not all competitors do—many only charge transaction fees. The Advanced plan costs up to $299 per month for the annual plan. Also, there are extra fees merchants may have to pay, such as the Retail Business POS costs for an additional $79 per month.
Additionally, only customers in 23 countries will be able to use Shopify Payments. These countries include the United States, Canada, Japan, Australia and several others in Europe.