How To Set Up Your Payment Providers On Shopify

How To Set Up Your Payment Providers On Shopify


We discussed the General Settings in the settings menu of Shopify yesterday. Today, let’s talk about setting up your payment providers for your Shopify account.


This section is going to ask you to basically set up your payment provider. Once you click “Change provider” in the Shopify payments section, you need to enter your details such as your name, address, info, account number, routing number, bank details, and all of that stuff. This is important because that’s where you’re gonna get paid out. 


Shopify payments basically accept credit cards in your store checkout. So, when customers purchase, they can access credit cards and when they, let’s say, buy for $20, they’re going to deposit that $20 into your bank account. Now, you get paid out every 2 days. So, let’s say, you have $1000 in sales on Monday, you’ll get paid out that $1000 on Wednesday minus the fees. Shopify takes out its share of fees. I believe it’s almost 3%. 


Paypal does the same as Shopify payments. This is a kind of standard across all payment providers. It will allow you to connect your existing Paypal account. You can use your personal email or you can make a new one. The only thing that I would say about this is that I would make a new one and I would create it as a business Paypal. In order to accept payments or business transactions, you have to be a business account on Paypal. They have their support team, it’s super simple to pick up. You just go to Paypal.com and you sign up as a business. It’s going to say, sign-up for personal or business, and just select business. 


Amazon pay, alternative payments, and manual payments are sections that you should skip. All of these things you don’t want to do because it’s a waste of time. There is too much risk involved when you select one of these options. You getting the sale isn’t worth the risk because you never know what could happen with these payment methods. So, don’t do them and just stick to Paypal and credit cards because these two options are as standard as it gets.


At the end of the payment provider section of your setting, please select “Automatically capture payment for orders.” to make it faster for you to get paid.


End Thoughts:


So, we’re done with this section and it’s pretty simple. Most people think that setting up a Shopify store is hard but it’s really simple to do.


If you want more information on how to set up your payment providers on Shopify, you can look at our resources here. 


You can also join my mentorship program in case you need more intensive instructions towards setting up your Shopify payment providers. 


My program has already assisted many striving businesses to turn their organizations around and created a lot of examples of success stories along the way. 


In case you're doubtful about the program, you can talk to me directly before making your decision. 


Book a FREE 45-minute mentorship with me, and let’s see how I can help you set up your payment providers on Shopify! 


I hope you’ve learned a lot about setting up your payment providers today!


Thank you for your time, and I’m hoping to see you on our future topics!


Until next time!




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