{"id":5057,"date":"2018-03-05T20:01:57","date_gmt":"2018-03-05T20:01:57","guid":{"rendered":"http:\/\/www.flyingstartonline.com\/?p=5057"},"modified":"2018-05-16T08:36:28","modified_gmt":"2018-05-16T08:36:28","slug":"payment-gateways-dropshipping-stores","status":"publish","type":"post","link":"https:\/\/www.flyingstartonline.com\/payment-gateways-dropshipping-stores\/","title":{"rendered":"Payment Gateways For Shopify Dropshipping Stores (Bizathon5 Episode22)"},"content":{"rendered":"<p><span style=\"color: #000000;\">Questions about Payment Gateways for dropshipping stores are some of the most prevalent for FlyingStartOnline.<\/span><\/p>\n<p><span style=\"color: #000000;\">We figured we&#8217;d better formerly address this sooner, rather than later.<\/span><\/p>\n<p><span style=\"color: #000000;\">So what is a payment gateway?<\/span><\/p>\n<p><span style=\"color: #000000;\">It&#8217;s something that connects your store to your bank account.<\/span><\/p>\n<p><span style=\"color: #000000;\">Check out the video below as Rito breaks down Payment Gateways:<\/span><\/p>\n<p style=\"text-align: center;\"><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/_3lJBTrYISE\" width=\"700\" height=\"400\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\n<p><span style=\"color: #000000;\">When a customer visits your Shopify Store, and adds a product to their cart, they need to complete the checkout by paying.<\/span><\/p>\n<p><span style=\"color: #000000;\">The payment gateway integrated into your store is how people securely transfer money from their account to yours.<\/span><\/p>\n<p><span style=\"color: #000000;\">There are many different payment gateway options available. <\/span><\/p>\n<p><span style=\"color: #000000;\">But these are the four most common:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Stripe<\/span><\/li>\n<li><span style=\"color: #000000;\">Paypal<\/span><\/li>\n<li><span style=\"color: #000000;\">2Checkout<\/span><\/li>\n<li><span style=\"color: #000000;\">Shopify Payments<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\">Payment gateways allow customers to enter their payment details without leaving your website.<\/span><\/p>\n<p><span style=\"color: #000000;\">Once a customer has completed their checkout, your payment Gateway transfers the money to your bank account.<\/span><\/p>\n<p><span style=\"color: #000000;\">Pretty simple concept.<\/span><\/p>\n<p><span style=\"color: #000000;\">Then why are so many people confused when it comes to Payment Gateways?<\/span><\/p>\n<p><span style=\"color: #000000;\">Well, depending on your citizenship and nationality, the options for payment gateways are borderline overwhelming.<\/span><\/p>\n<p><span style=\"color: #000000;\">But after our own tests, and literally hundreds of conversations with fellow dropshippers, we&#8217;ve come to some conclusions.<\/span><\/p>\n<p><span style=\"color: #000000;\">There are a handful of payment gateways that resonate with the majority of dropshippers we&#8217;ve spoken with.\u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\">For instance&#8230;<\/span><\/p>\n<h3><span style=\"color: #000000;\">Stripe<\/span><\/h3>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-5135\" src=\"http:\/\/www.flyingstartonline.com\/wp-content\/uploads\/2018\/03\/Stripe-Logo-blue.png\" alt=\"Stripe Payment Gateways\" width=\"583\" height=\"259\" srcset=\"https:\/\/www.flyingstartonline.com\/wp-content\/uploads\/2018\/03\/Stripe-Logo-blue.png 700w, https:\/\/www.flyingstartonline.com\/wp-content\/uploads\/2018\/03\/Stripe-Logo-blue-300x133.png 300w\" sizes=\"(max-width: 583px) 100vw, 583px\" \/><\/p>\n<p><span style=\"color: #000000;\"><a href=\"https:\/\/stripe.com\" target=\"_blank\" rel=\"noopener\">Stripe<\/a> is used heavily with dropshipping stores because they offer direct integration.<\/span><\/p>\n<p><span style=\"color: #000000;\">This means customers never leave your website during the checkout process.<\/span><\/p>\n<p><span style=\"color: #000000;\">People can pay for goods, using their credit cards, in a matter of seconds.<\/span><\/p>\n<p><span style=\"color: #000000;\">They also offer superb customer service, tech support and instant transfers.<\/span><\/p>\n<p><span style=\"color: #000000;\">Stripe is definitely the gold standard when it comes to online payment processing.<\/span><\/p>\n<h3><span style=\"color: #000000;\">Shopify Payments (powered by Stripe)<\/span><\/h3>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-5129\" src=\"http:\/\/www.flyingstartonline.com\/wp-content\/uploads\/2018\/03\/shopify-payments-logo.png\" alt=\"Shopify Payment Gateway Powered by Stripe\" width=\"700\" height=\"214\" srcset=\"https:\/\/www.flyingstartonline.com\/wp-content\/uploads\/2018\/03\/shopify-payments-logo.png 867w, https:\/\/www.flyingstartonline.com\/wp-content\/uploads\/2018\/03\/shopify-payments-logo-300x92.png 300w, https:\/\/www.flyingstartonline.com\/wp-content\/uploads\/2018\/03\/shopify-payments-logo-768x235.png 768w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"color: #000000;\">Being that Stripe is setting the standard for seamless payment processing, it&#8217;s no wonder they&#8217;ve partnered with Shopify.<\/span><\/p>\n<p><span style=\"color: #000000;\"><a href=\"https:\/\/www.shopify.com\/payments\" target=\"_blank\" rel=\"noopener\">Shopify Payments<\/a> are now automatically powered by Stripe.\u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\">You can still use other gateways like PayPal if you&#8217;d like, or if Stripe isn&#8217;t available in your country.\u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\">However, if Stripe is available in your country, you can begin processing credit card payments as soon as your account is approved.<\/span><\/p>\n<h3><span style=\"color: #000000;\">Paypal<\/span><\/h3>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-5134\" src=\"http:\/\/www.flyingstartonline.com\/wp-content\/uploads\/2018\/03\/paypal-payment-gateway.png\" alt=\"paypal payment gateway\" width=\"700\" height=\"201\" srcset=\"https:\/\/www.flyingstartonline.com\/wp-content\/uploads\/2018\/03\/paypal-payment-gateway.png 700w, https:\/\/www.flyingstartonline.com\/wp-content\/uploads\/2018\/03\/paypal-payment-gateway-300x86.png 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"color: #000000;\">If you decide to use <a href=\"https:\/\/PayPal.com\" target=\"_blank\" rel=\"noopener\">PayPal<\/a>, we suggest opening a PayPal Business account.<\/span><\/p>\n<p><span style=\"color: #000000;\">Once you do this and integrate with Shopify, enable PayPal Express Checkout.\u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\">This is a popular option because customers don&#8217;t need their own PayPal account.<\/span><\/p>\n<p><span style=\"color: #000000;\">They can also checkout using their debit or credit card.<\/span><\/p>\n<p><span style=\"color: #000000;\">70% of <a href=\"https:\/\/commonpanda.com\" target=\"_blank\" rel=\"noopener\">CommonPanda<\/a> sales are processed with PayPal.\u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\">Many large stores still exclusively use PayPal simply because people are accustomed to seeing it. <\/span><\/p>\n<p><span style=\"color: #000000;\">But PayPal is not without headaches (freezing funds, siding with scammers in disputes, and randomly placing accounts in a review state) which is why you see other options on this list.<\/span><\/p>\n<h3><span style=\"color: #000000;\">2Checkout<\/span><\/h3>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-5132\" src=\"http:\/\/www.flyingstartonline.com\/wp-content\/uploads\/2018\/03\/2CO_logo-900x500-1.png\" alt=\"2Checkout Payment Gateways\" width=\"700\" height=\"216\" srcset=\"https:\/\/www.flyingstartonline.com\/wp-content\/uploads\/2018\/03\/2CO_logo-900x500-1.png 700w, https:\/\/www.flyingstartonline.com\/wp-content\/uploads\/2018\/03\/2CO_logo-900x500-1-300x93.png 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #000000;\">If you live in a country that requires you to give your customers another option to checkout, because you don&#8217;t have access to PayPal, Stripe, of Shopify Payments&#8230;<\/span><\/p>\n<p><span style=\"color: #000000;\"><a href=\"https:\/\/www.2checkout.com\/\" target=\"_blank\" rel=\"noopener\"> 2Checkout<\/a>, may be the next best option for you.\u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\">2Checkout is supported in many of the countries where you don&#8217;t find Stripe or PayPal.\u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\">That said, there are some less than ideal aspects of conducting business with 2Checkout.<\/span><\/p>\n<p><span style=\"color: #000000;\">For instance, they manually review your transactions and have been known to call customers at random.<\/span><\/p>\n<p><span style=\"color: #000000;\">This is annoying to your customers, and also gives the impression that you and your business are shady.<\/span><\/p>\n<p><span style=\"color: #000000;\">The other downside of 2Checkout is the amount they charge per transaction, which is up to 7%<\/span><\/p>\n<p><span style=\"color: #000000;\">This is more of a last resort and likely to result in lowered conversions.\u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\">All that said, lowered conversions are still better than no conversions.<\/span><\/p>\n<p><span style=\"color: #000000;\">That\u2019ll do it for <b>Episode 22<\/b>\u00a0\u2013 Great work!<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\" style=\"color: #000000;\">Questions, comments or just want to say hi?<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\" style=\"color: #000000;\">We love hearing from you in the comments below!<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\" style=\"color: #000000;\">Success by choice, not by chance,<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\" style=\"color: #000000;\">-David Aston<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\" style=\"color: #000000;\">P.S.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><span style=\"color: #000000;\">If you\u2019re not kept in the loop via our #Bizathon definitely<\/span>\u00a0<a href=\"http:\/\/www.flyingstartonline.com\/bizathon\/\"><span class=\"s2\"><b>s<\/b><\/span><span class=\"s2\"><b>ign up today<\/b><\/span><\/a><b><\/b><b><\/b><span style=\"color: #000000;\"><b>.<\/b><\/span><\/span><\/p>\n<p><strong><span style=\"color: #000000;\">P.P.S. <a href=\"http:\/\/www.flyingstartonline.com\/getting-started-dropshipping-payments\/\" target=\"_blank\" rel=\"noopener\">Click here for Episode 23!<\/a><\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Questions about Payment Gateways for dropshipping stores are some of the most prevalent for FlyingStartOnline. We figured we&#8217;d better formerly address this sooner, rather than later. So what is a payment gateway? It&#8217;s something that connects your store to your bank account. Check out the video below as Rito breaks down Payment Gateways: \ufeff When [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5119,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[17,373,141,35,215,217,212,74,223,105,84,331,71,37,126,375,372,108,370,374,371],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Payment Gateways For Shopify Dropshipping Stores<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.flyingstartonline.com\/payment-gateways-dropshipping-stores\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Payment Gateways For Shopify Dropshipping Stores\" \/>\n<meta property=\"og:description\" content=\"Questions about Payment Gateways for dropshipping stores are some of the most prevalent for FlyingStartOnline. 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