Lesson 13: Setting up payment gateways

We’ve come to the end of the road! The next step is to figure out how your business will receive payments and how you, as the owner, will be compensated.

To set up your payment provider, go to Settings > Payments. With Shopify Payments, it’s simple to start accepting all major forms of payment. You can enable Shopify Payments with just one click and pay 0% additional transaction fees if you operate your business in one of the authorized countries and aren’t regarded a forbidden business. You may also give your clients alternative payment choices, such as PayPal, by selecting from over 100 third-party payment providers.

In my situation, I’ll finish my Shopify Payments account setup by providing my company and banking details. I can also manage my Shopify Payments settings and perform stuff like:

• Select the payment alternatives I wish to provide, such as various credit cards (such as Visa) and expedited one-click payment solutions such as Apple Pay and Shop Pay. Shop Pay is Shopify’s one-click payment solution that allows customers of any Shopify-enabled shop to preserve their payment information for future transactions.
• If you allow it, you may sell in several currencies, which will automatically translate your prices into the customer’s currency. We’ll add the US dollar and the Canadian dollar to our enabled currencies because we sell largely in Canada and the United States.
• Decide on a payment schedule. You can get your payment on a daily, weekly, or monthly basis, depending on your cash flow choices.
• Add an extra layer of protection by enabling additional fraud prevention techniques such as CVV and postal code verification.
• Change the way you show up on your customers’ bank statements. 

Under Settings > General, you may change the currency in which you sell your items. I’ll be selling in US dollars because it’ll be more familiar to both American and Canadian buyers.