Shopify Launches New Credit Card Payment Processor
Shopify is taking on PayPal by introducing a fully integrated credit card processor for its customers.
Shopify is an ecommerce platform that allows business owners to easily create stores online. Until now, Shopify customers had to create separate accounts through third-party programs like Stripe and PayPal to process credit cards. If something went wrong with the payment processing, Shopify did not have much control over it.
The announcement of Shopify Payments changes all that.
Shopify now processes credit cards on its own, which makes the experience from the user’s side much more streamlined. With Shopify Payments, merchants can accept and manage MasterCard, Visa and American Express payments directly through Shopify instead of having to go through a third-party.
“A lot of our customers that we’ve spoken to just kind of expected Shopify to be taking care of this for them,” said Shopify’s Director of Payments Louis Kearns. “If you haven’t sold online before, you’d open up your store and you’d want to be able to accept credit cards right away, and we’re happy to be able to solve that for them.”
Shopify, an Ottawa-based company, currently powers over 60,000 active online retailers in 100 different countries
The new system allows even the most inexperienced of site owners to develop an ecommerce store and start selling products online. Shopify Payments offers instant set-up and approval, real-time payment tracking and a chargeback recovery program.
If you’re a current or aspiring Shopify user, you may want to check out the new credit card processor on the site. It could make your work a lot easier in the long run.