Why do people all over the world run a business? That's right, to get the dividends. Shopify store owners are no exception, that is why eventually they will face a question — how to integrate a transaction system for online payments intake? In this review, Shopify vs PayPal payments is compared.
In the world of money, eСommerce is still in its early stages, but there is a huge list of systems you can work with. Should you use proven PayPal, Stripe or Authorize.net? Or is it better to focus on new market players such as Shopify Payments? The complete list can be found here. Our experts introduce you to two popular systems - PayPal and Shopify Payment and discuss their pros and cons.
The review focuses on:
The possibility that Shopify service usage may be unavailable is the only disadvantage worth noting. To check whether you can use Shopify solution, study the list of businesses prohibited for the country where your company operates: Australia, Canada, Ireland, New Zealand, Singapore, the United States, the United Kingdom, etc. For more information, please refer to the Shopify Payments Terms of Service (TOS).
After the shop is set up, you can work with the main types of credit cards in your country of operation. In the United States, they work with debit and credit cards such as Visa, Mastercard, American Express, JCB, Discover, and Diners Club. The companies in Canada, the UK, Ireland, Australia, New Zealand, and Singapore can accept both debit and credit Visa, Mastercard, and American Express cards.
The alternative to Shopify service is PayPal. According to Wikipedia, PayPal is the largest debit electronic system that allows customers to pay bills and make purchases, and to send and receive money orders. The range of distribution payment services is impressive - as of 2018, offices have been opened in more than 200 countries (although, in some countries, the set of services is limited). Moreover, PayPal guarantees security for all participants - both sellers and buyers. Due to global popularity, PayPal is one of the most commonly used transaction systems in the Shopify platform.
Add Paypal to Shopify
PayPal is one of the default providers in Shopify. Once you open the store, you will be given a PayPal Express Checkout account with the email address you used to get registered in Shopify. Before you receive payments for orders made with PayPal, you need to set up your PayPal account.
The features of this system are:
Since eСommerce is still in its early stages, both companies benefit from developing demographically, and they both are developing steadily. Shopify Payments have an advantage in system usability as well as the price. In its turn, PayPal wins due to such components as system functionality and transaction security. Of course, the final choice is up to the investor, since Shopify range is limited now. If taken as a whole, both payment systems have enormous potential for generating income in the future. People who are looking for more risky investments, with a chance to get high dividends, might choose Shopify Payments, while an investor looking for less risk and a safer financial base may prefer PayPal. The main criteria for comparing PayPal with Shopify are convenience, functionality, safety, cost, and potential.
For a detailed analysis of the state of the business as well as further assistance in choosing a transaction system, or if you want to accept PayPal on your Shopify store, contact the experienced and skilled experts from Makebecool. Our company experts will help you make choices based on the needs of both your customers and your business.
Our Shopify Consultant will help you determine the ways of increasing professional growth