Stripe or Shopify Payment payment gateways are platforms that allow users to receive payments directly from customers. However, unlike Paypal and 2Checkout, the proceeds will be held for a period of time (up to 21 days) for buyer protection before you can withdraw the money to your local bank.
However, choosing between Stripe or Shopify Payment is an issue that makes many people confused the most when registering for a payment gateway. To learn more about the optimal choice, PlutusPay invites you to refer to the article below!
Source: Internet
Stripe or Shopify Payment – Similar characteristics
Using Stripe or Shopify Payment, customers can easily enter payment card information directly on the Checkout page, without being redirected to other websites like Paypal or 2Checkout. This contributes to increasing the conversion rate for the store and making it more attractive to customers.
Another attractive advantage of Stripe and Shopify Payment that many sellers love is the quick payment time, only 2 to 7 days. This gives users the ability to turn around cash flow significantly faster and ensure their business is stable.
Differences between Stripe and Shopify Payment
Apart from the mentioned similarities, there are differences between these two payment gateways:
- Stripe is capable of receiving payments on many e-commerce platforms such as Shopify, Woocommerce, or Wix.
- Shopify Payment only works on Shopify's platform.
This means that if you only do business on the Shopify platform, you may not need the Stripe payment gateway. On the contrary, if you do business on multiple platforms that do not include Shopify, Stripe will be the best choice for you.
Outstanding features of Stripe payment gateway
The advantage of Stripe payment gateway is
- Flexible customization: Stripe allows users to easily customize payment methods, including implementing payment forms, integrating with third-party software, and creating custom solutions through developer tools.
- Diverse payment methods: Stripe allows accepting payments via credit cards, debit cards and also through banks, buy now and pay later.
Wide range of uses: Stripe is accepted in more than 30 countries around the world and supports more than 135 currencies. - Transparent costs: Stripe charges no monthly fees or setup fees. Fixed online transaction fee is 2.9% + 30 cents per transaction on the sales website, and in-person transaction fee is 2.7% + 5 cents per transaction (only applicable to Stripe US, cost See more details at Cost page from Stripe)
- Quality customer support service: Stripe offers 24/7 support via chat, email, and phone to assist users.
Source: Internet
Defect of Stripe payment gateway is:
- Focus on technology: Stripe focuses mainly on technology development, making it difficult to use for new businesses without deep knowledge of technology.
- Direct payment not yet fully supported: Although Stripe provides direct payment gateways at physical stores through Stripe Terminal, the platform is still geared more towards supporting online payments.
Outstanding features of the Shopify Payment payment gateway
Advantage:
- Easy integration with Shopify: Shopify Payments is built into the Shopify platform, allowing you to receive payments quickly without the need for registration and verification like other payment gateways.
- Setting up the connection is quick and simple: Once you sign up for the Shopify app, you can activate your Shopify Payments account in just a few minutes, with no special technical knowledge required.
- Transparent costs: Shopify charges based on a flat rate and depends on the service plan you choose within Shopify, giving you a clear view of your costs.
- Customer care: Shopify provides 24/7 customer care through email and live chat for all service levels.
Source: shopify.com
Defect:
- Platform restrictions: Shopify Payments can only be used on the Shopify platform.
- Country restrictions: Shopify Payments is only available in 17 countries and regions.
Costs between Stripe and Shopify Payments payment gateways
| Stripe Gate | Shopify payment portal | |
Monthly fee |
There is no monthly fee per package | There is no monthly fee per package. However, you will have to pay service fees when using Shopify.The plans will have the following prices:
|
Transaction fees |
Online transaction fee is 2.9% + 30 cents for each payment transaction by credit and debit card.
The fee will be 0.8% with a maximum limit of $5 for transactions for debit and bank transfer Charge a fee of 2.7% + 5 cents for each direct payment transaction. Domestic and foreign payment methods will have different fees. |
Fees will depend on the Shopify service package you choose:
|
Additional fees |
Plus 1% surcharge for international cards or currency conversion.The dispute handling fee will be $15, and is non-refundable. | If you use a payment gateway other than Shopify, you'll incur additional transaction fees of 2%, 1%, 0.5%, or 0.15% (depending on your plan) on top of the fees you pay to the provider payment service.
Cross-border fee is 1% for all transactions made with credit cards issued in another country (applies to US-based businesses). The dispute handling fee will be $15. |
Conclude
Above are our PlutusPay analyzes on the comparison between Stripe and Shopify Payment payment gateways. Surely when you read this far, you will somehow find your answer.
Furthermore, PlutusPay is currently providing Stripe payment gateway rental service. Anyone who is interested can check out our service. here.
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