In recent years, with the increasing growth of the SaaS website platform represented by Shopify, the threshold for starting an independent station has been lowered. “Building a Shopify website” has become a new growth channel that global e-commerce companies are willing to adopt. Oceanpayment is honored to be the official contract partner of Shopify China, which can provide Shopify merchants with a full range of global payment solutions and services.
What is Shopify?
Shopify is a shopping cart system in SaaS Mode, suitable for cross-border e-commerce to establish independent website. Users can pay a certain fee to use various themes, templates, and APPs to establish their own online stores. Shopify offers online retailers a suite of services including payments, marketing, shipping and customer engagement tools.
Shopify can be said to be the biggest focus and bright spot in the domestic cross-border e-commerce circle in the past two years. Relying on its simple and flexible products and complete ecosystem, Shopify has now become the first choice for many e-commerce entrepreneurs and companies to build overseas brands.
Shopify Payment Gateway
A payment gateway, also know as online payment processor, is a merchant service provided by an e-commerce application service provider that authorizes credit card or direct payments processing for e-businesses and online retailers.
The Shopify payment gateway, as the name suggests, is a payment portal created by Shopify that consumers can use to transfer money for purchases made from your e-commerce store. They basically simplify the task by using the customer’s confidential details for the required bank and generating a response to accept or decline the payment. Shopify also has a country-specific payment gateway that tracks the geographic location of users and accordingly provides them with payment portal options that are widely used in that specific country.
Not only that, Shopify Payment Gateway also plays a vital role in the management of online payments. It authorizes the trustworthiness of the funds before transferring the funds to the seller’s account to ensure safety. The payment gateway also undertakes other tasks, such as processing funds, verifying customer accounts, calculating taxes received, and performing AVS checks.
Shopify third-party payment service provider
If you are not using Shopify Payments and want to accept credit cards, you can choose from more than 100 credit card payment service providers to use in your Shopify store.
Shopify supports two types of third-party payment service providers: direct payment service providers and external payment service providers.
Direct payment service provider is a form of payment included in Shopify checkout. The customer completes the payment on the Shopify checkout page and will not be redirected at any time during the checkout process.
The external payment service provider integrates with Shopify. When a customer completes an order, the system redirects them to leave Shopify checkout so that they can use an external payment service provider to complete the payment. After the payment is complete, the customer is redirected back to your store to view their order summary and confirmation page. For example, if you use an external payment service provider, customers will see the payment service provider’s checkout page when they pay for an order.
As an official partner of Shopify, Oceanpayment provides various payment services for Shopify merchants through an integrated payment solution. With Oceanpayment, you can accept Visa, MasterCard, American Express, Discover, JCB and Diners Club cards directly in the store.
For the payment problems encountered by Shopify merchants, Oceanpayment can provide them with training and assistance on related issues, and enhance the merchant’s sense of convenience when using payment services. At the same time, merchants can obtain transaction risk analysis reports and transaction conversion rate analysis reports, allowing you to control your business safely and conveniently.