Best Payment Gateways for Shopify {The Ultimate Guide for 2022}

Technology has completely transformed how businesses are carried on in the 21st century. And payment gateways have changed the way eCommerce stores accept and process payments. Broadly speaking, a payment gateway to an eCommerce store is what a cashier is to a normal brick and mortar store. Additionaly, it allows an eCommerce store to accept different forms of electronic payment from its customers, online. Thus, we can comment that a payment gateway performs one of the most crucial aspects of an online shop. Hence, it is extremely important that you choose the best payment gateways for Shopify stores. If you are a Shopify merchant looking for the best payment gateway, this post is for you!


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Why is it important to choose the best payment gateways for Shopify?

Shopify payment gateways enable a transaction by allowing movement of information from a portal (which can be a phone, website, or interactive voice response service), to a payment processor such as a bank. However, the main function of these payment gateways is to securely transmit the customer’s confidential payment date (credit/debit card and bank account data) to the issuing bank and get a response from it about whether the transaction has been accepted or declined.

Since these transactions involve huge sums of money, it is of utmost importance that the Shopify payment gateways you choose are secure and reliable. Moreover, your customers also feel safe in divulging their sensitive payment information when they can trust the payment gateway they are using.

Shopify payment providers perform several crucial tasks in online transaction management. For example, these payment gateway solutions authorize the funds and transfer them to the seller from the buyer in a secure and convenient manner. Addionally, in certain larger financial suits, these Shopify third party payment providers assume some other responsibilies such as;

  • Verification of client accounts
  • Processing money
  • Analyzing velocity patterns
  • Performing AVS checks
  • Calculating tax amounts

Factors to consider while choosing Shopify payment gateways

I would consider the following factors before choosing the best payment gateway for Shopify:

The Best Payment Gateway Should Be Targetting Your Market

The first factor I would recommend when choosing a Shopify payment gateway, is your location. Select a payment gateway which is popular in the country or region where you are targeting your products.

The Best Payment Gateway Should Be The Ideal Solution for Your Size and Should Fit Your Business Goals

Before choosing your payment gateway, you must have a clear idea about your business’ maturity level and goals. At this point, you’ll need to ask yourself a few questions. Firstly, will you sell locally or globally? Secondly, which currency will you accept? And lastly, do you need an external checkout page? If you are not able to answer these questions, then you may need to re-think about your strategy.

The Best Payment Gateway Should Be Affordable For Your Business

In Shopify third party payment providers selection process, cost is the next big factor. Because the cost of the payment gateway will dictate your profit margins and the pricing of your products. For instance, some payment processors charge a monthly amount. So, you need to consider all those factors, too. Besides, you need to be aware of certain other kinds of fees such as chargeback fees, cancellation fees, and statement fees.

Given below are some common fees you might want to make yourself aware of:

  • Start-up/annual fee
  • Monthly statement fee
  • Refund fee
  • Transaction fee (usually a fixed fee + a percentual one)
  • Minimum monthly fee
  • Settlement fee (how much you pay to transfer the money from the merchant account to your regular bank account)
  • Anticipation fee (if you want to receive the money before the standard credit card deadline)
  • Rolling reserve (if you have a high-risk business, payment processors may ask for an initial warranty)
  • Termination fees
  • Chargeback fee

The Best Payment Gateway Should Accept Several Credit Card Types

Know about the types of cards that are accepted by your chosen payment gateway. Almost all of them must accept VISA, Mastercard and most should accept American Express.


Are you able to showcase AI powered related products, upsell items and frequently bought together products on your Shopify store? To get all of these and more, install Perzonalization for Shopify now and start your 14 day free trial.


The Best Payment Gateway Should Be Recognized Globally

This is an important consideration if you plan to expand your Shopify store globally. Thus, you need to find out if the Shopify payment gateway you choose is acceptable in the countries you want to expand to.

The Best Payment Gateway Should Have A Good Reputation 

Check online reviews and find out if the payment gateway provider has a good reputation. Additionally, discussing with people who are already using those solutions might be a good option to get a proper feedback.

The Best Payment Gateway Should Be Caple Of Detecting Fraud

A good payment gateway should come with built-in risk & fraud detection mechanism to help you avoid payment frauds. This gives your store added security and a better quality of transactions, leading to better approval rates.

The Best Payment Gateway Should Provide A Good Shopping Experience 

Last but not the least, you need to ensure that the chosen payment gateway is able to give your customers a good shopping experience.


If you want to choose a Shopify payment method, you should consider your target market, your size, your business goals, the payment processor’s reputation and its transaction fees   Tweet This!


To sum it all, the most successful Shopify payment gateway will have:

  • A full-service solution
  • Processes in the local currency
  • Local payment methods accessible by the entire population
  • Upfront and clear fee structures
  • The capacity to provide answers and solutions to your specific merchant needs
  • Full spectrum customer service support

Best payment gateways for Shopify stores – By Country

Given below is a list of Shopify payment gateways sorted by country:

Shopify payment gateways – US

In January 2018, Shopify announced that they were going to launch Shopify Payments for their customers in US and Canada. However, Shopify merchants are free to choose other payment gateways.


Are you able to showcase AI powered related products, upsell items and frequently bought together products on your Shopify store? To get all of these and more, install Perzonalization for Shopify now and start your 14 day free trial.


The best payment gateways for Shopify USA are as follows:

US Payment Gateway Providers #1: Paypal

A discussion about payment gateways is incomplete without a mention of Shopify PayPal as it is a great Shopify Payments alternative. You can set up Shopify pay with PayPal in less than a day and it gives you both options for free and paid merchant accounts. Backed by a powerful support team, Shopify PayPal fees can be anywhere between 1.9% and 3.4% of all transactions with an additional 20p. Moreover, PayPal express checkout can be activated with any of your Shopify packages. This payment gateway provider prides itself of having more than 220 million active users globally, and their business version is known as PayPal Payments Pro. Using PayPal with Shopify also offers functionalities like easy cart integration, multiple customization options, online invoicing, and facilitates credit card payments over the phone.

Shopify and PayPal has been a winning combination as far as Shopify payment gateways are concerned, for the simple reason that both these eCommerce solutions are loved in the subcontinent and the Shopify PayPal setup is a simple process. In summary, PayPal is one of the best Shopify third party payment providers that you can choose to grow your business with.

US Payment Gateway Providers #2: Stripe

Shopify payments powered by Stripe is another powerful and popular Shopify US payment gateway designed for online businesses. The Shopify payment gateway claims to handle transactions worth billions of dollars, annually. The main difference between this Shopify payment gateway and others is that this one isn’t an out-of-the-box solution. Here you’re provided with an array of flexible tools to customize your own payment processes.

Shopify Stripe is designed for larger firms, and offers a range of APIs which allow you to create your own subscription service, crowdfunding platforms, or on-demand marketplaces. Shopify payments Stripe also supports quite a few development languages like, Python, Ruby, PHP and Java. Considered as one of the best payment gateways for Shopify in US, Stripe supports over a hundred currencies and has features like one-click checkout, subscription billing and mobile payments. It is a feature-rich Shopify payment gateway, although it does require the user to be technologically savvy. Stripe offers a basic plan with a flat fee of 2.9%, plus $0.30 (£0.24) per charge. In addition, it has a customized plan with volume discounts for larger clients. To sum it up, Stripe is one of the most successful Shopify third party payment providers and a good Shopify Payments alternative but it has some limitations that you need to be aware of.

Shopify payment gateways – UK

Find the list of the best payment gateways for Shopify UK here:

UK Payment Gateway Providers #1: Authorize.Net is a Shopify payment gateway from Visa. This Shopify payment gateway is considered as one of the best payment gateways for Shopify UK and does a fantastic job at streamlining the payment process for your customers. It’s suitable for all eCommerce businesses, both small and large and offers a choice of different plans. The platform gives you the tools to sell items and take payments both online, or in-person at a store. It supports all major credit cards – including MasterCard, Visa, American Express, Diner’s Club, Discover, and JCB. This payment gateway supports digital payment services like Apple Pay, PayPal and Visa Checkout.  It is also one of the most trusted payment gateways for Shopify dropshipping.

UK Payment Gateway Providers #2: SagePay

The SagePay Shopify payment gateway offers a full range of payment processing solutions for different kinds of online businesses. About 55,000 businesses use their services and their unique offering of a flat monthly fee for many of their products with no transaction charges. This Shopify payment gateway is among the best payment gateways for Shopify in the UK, and hence, is definitely worth a shot while choosing your online payment system. The platform offers an easy drop-in checkout integration and its Shopify payments transaction fees vary between £19.90/month for 350 transactions per month to £45/month for 500 token purchases. So if your business is in UK, you may comfortably select Sagepay as it is one of the top Shopify third party payment providers in this country. Besides, Sagepay is a good Shopify Payments alternative.

UK Payment Gateway Providers #3: 2Checkout

2Checkout is another Shopify payment gateway which operates in more than 87 countries worldwide. It is one of the best credit card gateways for Shopify and supports all major credit cards such as Mastercard, Visa, Diners Club, American Express and others. In certain other developing countries, this online payment process is used in combination with another payment gateways.


Now that you are well equipped to select the best online payment processor for your business, it’s time to focus on getting more conversions! Install Perzonalization for Shopify now and start your 14 day free trial to display AI powered related products and upsells on your webstore.


UK Payment Gateway Providers #4: Shopify Payments

The original Shopify payment gateway is called Shopify Payments. This payment solution is the simplest way to accept payments online for Shopify merchants. It does not only eliminate the hassle of setting up Shopify third party payment gateways, payment providers or merchant accounts, but also comes fully integrated with your store. Shopify Payments also includes a wide variety of features that allow you to manage your entire business and financials from one place.

After setting up the Shopify Payments option, your customers can make credit card payments on your store. You can activate Shopify Payments from the “Payment providers” page in the Shopify settings. You’ll need the following information to set up your Shopify Payments:

  • Employer Identification Number (EIN)
  • Banking information
  • Average price of your orders
  • Average shipping time of your orders

Shopify Payments costs differ based on your plan. You can lower your credit card rates by upgrading your subscription with Shopify. When you decide to change your plan, your Shopify Payments credit card rate gets updated, and when you activate Shopify Payments, you stop paying the subscription transaction fees. So, if you are looking for the best payment processor for your Shopify store, Shopify Payments pops up as a great solution.

The following table will give you the countries where Shopify Payments is available:


United Kingdom
Hong Kong
New Zealand
USA (Only Puerto Rico)

Shopify payment gateways – South Africa

Apart from PayPal Express Checkout, few of the other best payment gateways for Shopify in South Africa can be summed up as under:

South Africa Payment Gateway Providers #1: PayFast

PayFast is regarded as the go-to ecommerce & online payment gateway in South Africa. This payment gateway for Shopify enables South African businesses of all sizes to process online payment transactions. It is an easy, secure and instant way of transferring money from online buyers to sellers. Merchants using this Shopify payment gateway can accept funds from local and international customers from anywhere in the world in ZAR. The platform supports a variety of payment methods to suit your customers – including credit cards, instant EFT, Mobicred, Masterpass, debit cards and even Bitcoin. The installation is free and the monthly Shopify payments fee is zero. There are over 70 shopping cart integrations available with this PayFast, making it one of the best payment gateways for Shopify and a good Shopify Payments alternative.


Are you able to showcase AI powered related products, upsell items and frequently bought together products on your Shopify store? To get all of these and more, install Perzonalization for Shopify now and start your 14 day free trial.


South Africa Payment Gateway Providers #2: PayGate

PayGate is a payment gateway provider, enabling the processing of credit cards via the internet. PayGate’s Shopify payment gateway has a number of products designed specifically for e-commerce businesses, and the mode of operation of a particular business will dictate which of their products are best suited for that business.

Shopify payment gateways – Asia

Shopify payment methods across Asia include a multitude of payment gateways as you will see in the following list:

Asia Payment Gateway Providers #1: AliPay Global

Alipay Global is an ideal payment gateway for Shopify for cross-border merchants aimed at the Chinese market. However, it still supports 12 currencies including USD, GBP, JPY, EUR, AUD, CAD, CHF, SGD, DKK, SEK, HKD and NOK.

Asia Payment Gateway Providers #2: WorldPay

Worldpay has been operating in Asia Pacific for 14 years.  Thus, the company thoroughly understands the local market. This Shopify payment gateway is available in more than 100 countries worldwide. Reputed for its excellent customer service and uptime reliability, this payment gateway aims to make online transactions smooth and hassle-free. For Shopify store owners, Worldpay Shopify payments transaction fees are based on a sliding scale dependent on turnover, which helps you to cut costs depending on your success.The installation typically takes only 3 – 5 days and payment gateway’s overall quality makes Worldpay worth the wait, especially if you are starting out and don’t need to take payments immediately.

Asia Payment Gateway Providers #3: PxPay

Apart from 2Checkout and BitPay, PxPay is another widely used Shopify payment gateway popular in Malaysia. PxPay is a platform which can be used with any eCommerce platform provided by Payment Express. Moreover, it uses a Hosted Payment Page to accept sensitive card data, and it provides a financially secure and compliant transaction solution without exposing the merchants to sensitive information. Instead of hosting a payment page on their own website, this Shopify supported gateway allows merchants to redirect their customers to a payment page hosted by Payment Express. The customer is prompted to enter their credit card details and complete the transaction. Then, the user is automatically redirected back to the merchant’s website.

Final Notes on Shopify Payments

If Shopify Payments is an option for you based on the products you sell and the country you want to operate in, it’s by far the best solution. Here are the great features of Shopify Payments, which make it a great solution:

  1. Shopify Payments has no shopping cart fees.
  2. It has an attractive fee structure.
  3. The solution seamlessly integrates with the Shopify platform.
  4. The level of security is brilliant because
    • It complies with the Payment Card Industry Data Security Standard (PCI DSS), which
      • covers protection of cardholder data
      • regularly monits and tests networks
      • maintains a secure network

However, if you don’t qualify for Shopify Payments, you can either select one of Shopify’s pre-approved providers or work with any of the best payment gateways for Shopify discussed above.

Best Payment Gateways for Shopify: The Conclusion

Choosing the best payment gateways for Shopify is one of the most important decisions you’ll ever make for your webshop. In this post, we tried to cover the details of many gateways – both Shopify Payments and Shopify Payments alternatives – to give you an overview of the payments gateways market.

The right selection will ensure that the payment process is seamless for your customers and affordable for your business. Moreover, a good gateway will increase the operational reliability of your business while making it more secure.

After you choose one of the relevant Shopify payment providers, remember to have a look at the Shopify apps that can help you increase productivity while boosting sales.

Curious to learn more? Take a look at related posts!


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