6+ Best Shopify Payments Alternatives

Running an online store on Shopify is a fantastic way to reach customers and build your business. Shopify Payments simplifies the process by integrating directly with your store, making transactions seamless. 

However, it’s not a one-size-fits-all solution. Sometimes, exploring Shopify Payments alternatives can be beneficial, offering features better suited to your specific needs or resolving issues like manual payment methods not showing on Shopify checkout. 

This blog post will delve into why you might consider other options and highlight some of the best Shopify Payments alternatives available.

Let’s get started!

What is Shopify Payments?

Shopify Payments is Shopify’s built-in payment gateway that simplifies online transactions for merchants. It’s fully integrated with Shopify stores, so there’s no need to set up a third-party payment provider. With Shopify Payments, you can accept all major payment methods, including credit cards, debit cards, and digital wallets. It also offers features like automatic payouts and fraud protection to make managing your finances easier.

Why Consider Alternatives to Shopify Payments?

While Shopify Payments is a convenient option for many merchants, there are several reasons why you might consider alternatives:

• Transaction Fees: Shopify charges transaction fees if you don’t use Shopify Payments, which can impact profits, especially with high sales volumes.
• Limited Payment Options: While Shopify Payments supports major credit cards and some digital wallets, you might need a third-party gateway to offer options like PayPal or cryptocurrency.
• High-Risk Businesses: Certain high-risk businesses may find Shopify Payments unavailable, requiring a payment gateway that caters to their industry.
• International Expansion: Shopify Payments may not be available in all countries, so a gateway that supports your target markets will be necessary for international expansion.
• Customization: Third-party payment gateways may offer more control and specialized features like advanced fraud protection or detailed reporting

6+ Shopify Payments Alternatives

PayPal

Online payments are not limited to a certain number of businesses. PayPal is an identifiable payment platform, pretty much liked by most users globally. It allows merchants in any corner of the world to even receive payments from their customers through a quick process when making purchases. Naturally, PayPal is another accepted alternative to Shopify payments and a few more features besides that create the impression of trust that may lead to increased e-commerce conversion rates.

Key Features:

• Would accept payments either via credit or debit card.
• It also supports online transactions—invoicing and payments through QR codes.
• Gateway payment options: Payflow Pro and Payflow Link.

Transaction Fees:

• Typical online checkout transaction costs are 2.29% to 3.49% + $0.49 per transaction.
• Credit and debit card transaction costs are 2.99% + $0.49 per transaction.
• POS (in-person) fees: 2.29% + $0.09 per transaction.

Stripe

Stripe is a payment processor known for its customizable payment tools and support for merchants in numerous countries. It provides a flat-rate fee structure without monthly or setup fees, making it a popular choice for businesses seeking flexibility. Stripe’s fees and pricing structure can be an ideal alternative to Shopify payment.

Key Features:

• Accepts various payment methods, including credit cards and ACH direct debit.
• Offers in-person payments via its POS platform terminal.
• Provides tools for subscriptions and improves transaction authorization rates.

Transaction Fees:

• Card-not-present payments: 2.9% + $0.30.
• Card-present payments: 2.7% + $0.05.
• Additional charges may apply for foreign cards, currency conversions, and other features.

Authorize.net

Authorize.net is a payment gateway service that enables retailers to take credit cards and electronic checks online while providing a secure transaction processing environment. Authorize.net has a long history of providing dependable solutions for organizations of all sizes. Its comprehensive features and security protocols are ideal alternatives to Shopify payment.

Key Features:

• Accepts payments from major credit cards and digital payment solutions.
• Offers fraud protection tools.
• Provides customer information management.

Transaction Fees:

• All-In-One Plan: 2.9% + $0.30 each transaction + a $25 monthly cost
• Payment Gateway Only Plan: $25 monthly charge plus $0.10 per transaction and a daily batch cost of $0.10.

Braintree

Braintree, a PayPal service, offers payment processing solutions that accept a variety of payment methods and provide developer-friendly tools. Braintree’s versatile API enables businesses to design personalized payment experiences. Braintree’s custom features and scalability are strong alternatives to Shopify payments.

Key Features:

• Accepts PayPal, credit and debit cards, and digital wallets.
• Offers fraud protection and data security features.
• Provides recurring billing and subscription management tools.

Transaction Fees:

• 2.59% + $0.49 per transaction.
• Additional fees may apply based on the payment method and specific features used.

Amazon Pay

Amazon Pay enables customers to use the payment information stored in their Amazon accounts to make purchases on third-party websites. This service streamlines the checkout process for millions of Amazon users. Amazon Pay’s convenience and trust factor can boost conversion rates, making it a viable alternative to Shopify payments.

Key Features:

• Provides a familiar and trusted payment experience for Amazon customers.
• Offers fraud protection and A-to-z Guarantee.
• Supports mobile payments and voice commerce.

Transaction Fees:

• Vary based on transaction type and region.
• Typically, the transaction fee is roughly 2.9% + $0.30.
• Cross-border transactions may attract additional costs.

Adyen 

Adyen is a payment platform that enables businesses to take payments from anywhere in the globe. It offers sophisticated data analytics and reporting across numerous platforms, including online, mobile, and in-store. Adyen’s unified platform and worldwide reach position it as a viable candidate for firms looking for alternatives to Shopify Payments.

Key Features:

• Supports various payment methods globally.
• Offers risk management and fraud prevention tools.
• Provides detailed data analytics and reporting.

Transaction Fees:

• Adyen charges a processing fee + a payment method fee.
• Processing fees are typically around $0.12 per transaction.
• Payment method fees vary depending on the payment method and region.

Final Thoughts

Choosing the right Shopify payment alternative is a critical decision for any online business. Consider your specific needs, such as transaction fees, features, target audience, and technical requirements. If you’re having trouble with manual payment methods not showing on Shopify checkout, or you’re exploring options like TikTokShop payments with Shopify, carefully research each option to ensure it meets your criteria. 

Read more: 12+ Best Single Product Shopify Themes

Contact US | ThimPress:

Website: https://thimpress.com/

Fanpage: https://www.facebook.com/ThimPress

YouTube: https://www.youtube.com/c/ThimPressDesign

Twitter (X): https://twitter.com/thimpress