The ecommerce industry is growing rapidly. According to Statista, the global e-commerce market was valued at $2,961.4 billion in 2019. It shows that online shopping is becoming more popular with every passing year. In fact, it is estimated that more than 80 percent of all consumers prefer purchases over a physical store.
This popularity has increased due to COVID-19 and its effect on consumer habits. Before going into this topic, I want to give you some introductory information about your company or business in general. For example, if you are just starting out, then you would be able to use Shopify’s free 14-day trial to start collecting payments for sales using their payment gateway. You can collect payments from most major credit cards via PayPal, Stripe, Apple Pay, WeTransfer, etc. You can also add other payment gateways such as Google Braintree or Square. And once you have enough income to afford these services, you can then upgrade to advanced options like Authorize.net, BuyersBill.org, and Trustpilot.
You can learn how to add a payment gateway for both merchants and consumers. Then, when you’re ready, you can now set up an account on any payment service provider such as Amazon or Google Pay. Once your Shopify eCommerce storefront has been created (or upgraded ), you can simply go to checkout to accept payments from customers using different types of payment gateways. Here’s what you’ll need:
A Business Account — you can open one through Shopify’s website. By default, your account will only allow you to buy goods with certain brands (such as Walmart). However, you may also want to open an Individual Business Account in case you want to sell products based off your personal taste. After creating your account, enter a name, email address, phone number, and shipping address to continue shopping on Shopify.
— you can open one through Shopify’s. By default, your account will only allow you to buy goods with certain brands (such as ). However, you may also want to open an Individual Business Account in case you want to sell products based off your personal taste. After creating your account, enter a name, email address, phone number, and shipping address to continue shopping on Shopify. Payment Processor — you can choose to make payments directly to your bank or to another payment processor (such as Shopify itself). If you decide to pay by debit card directly, then you can use either Visa or Mastercard. Or, you can even consider adding a third party payment option such as Zelle or Wire transfers to the mix.
— you can choose to make payments directly to your bank or to another payment processor (such as Shopify itself). If you decide to pay by debit card directly, then you can use either Visa or Mastercard. Or, you can even consider adding a third party payment option such as or to the mix. Store Card — you can get started on Shopify with no merchant account, with zero fees to shop. This is especially useful for anyone who doesn’t know much about managing their store/website.
— you can get started on Shopify with on, with zero fees to shop. This is especially useful for anyone who doesn’t know much about managing their store/website. Set Up Customer Accounts — after opening a new account, you can save customer accounts on shopify. Open an existing account and save customer details. When you create your own account, you can see and manage accounts. All you have to do is choose which type of customer account — such as guest account or associate account — you want to create, and set it to auto-sign in. Next time someone makes an order using your account and sends it to your cart, it will automatically update to the correct account.
— after opening a new account, you can. Open an existing account and save customer accounts. Open an existing account and save. Whenever you want to withdraw funds from your Shopify store, choose the amount to which you’d like to transfer. Then, click the Add Funds button at the bottom right corner of the platform and select the payment method you prefer — choose between direct debit or check. Remember, though, that you can also combine multiple methods to send money back and forth.
—, choose the amount to which you’d like to transfer. Then, click the button at the below-mentioned bottom right corner of the platform and select the payment method you prefer — choose between direct debit or check. Remember, though, that you can also combine multiple methods to send money back and forth. Checkout — when your customer pays, they will need to enter your contact details so that you can follow it up. Click the Send Money button. Enter the invoice and click Save Now.
— when your customer pays, they will need to enter your contact details so that you can follow it up. Click the button. Enter the invoice and click. Sales Tax — you can apply sales tax if applicable at checkout. Simply scroll down and tap Update State. Make sure you’ve selected Yes in the dropdown menu. Then, hit Ok. You’ll see an updated state showing how much VAT you’ve applied once you’ve completed your transaction.
— you can apply that you can to apply an increase to the total sale value, plus any other taxes you plan to collect. Just click the “+” symbol next to each of the items listed under the item number field.
If you run your eCommerce store or app on Shopify and wish to learn more about processing payments or setting up a payment service provider, don’t forget to subscribe to our blog, sign up for my newsletter, or visit my LinkedIn page. Thank you!
