Payment Gateways in Shopify

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Hello everyone.

Well, Our next topic is “payment gateway”.

I am sure every one of you might have seen this screen while ordering anything online.

Here, the platform offers you multiple options to make your payment.

Are you going to pay through net banking?

Are you going to pay through a debit card or are you going to pay us by UPI?

So, all the payment methods that you see here are provided by the payment gateway.

Yes, payment gateway.

Now, what is a payment gateway?

Let’s try to know more and understand this.

Now, whenever a customer buys anything from any platform, there is a whole system behind it.

The first one is the online seller that showcases your product on the website very nicely.

Then the amount that is diverted through the customers into the merchant account which means, the exchange of money between the customer and merchant is followed by a system.

That system is known as a “payment gateway”.

A payment gateway is a system or a website that communicates between the online store and the bank. Yes.

A system is established between your bank account and the merchant’s bank account through which the transactions are done. Now, to maintain the flow of those transactions and the system, a payment gateway is established.

There are many payment gateway providers and I am sure you might have heard a few names like “pay U money, Insta mojo, CC avenue” etc. I am sure you might have heard at least one name.

If not, then I would recommend you to search and have a look at least once. (Got it?).

Now, these payment gateways are responsible for transferring the amount from the customer’s account to your account, and in return, they notify the customers that their payment is successful.

So, In Shopify as well, you have to choose a payment gateway provider.

So, come, let’s understand this practically.

Well friends, in the previous session we already learned how to buy the domain.

Now, on the same screen, you will see a “payment” option on the left-hand side.

As soon as I click on payment, a screen will open where Shopify is asking you to select the mode of the payment and the provider that you want to select.

Well, you can click on “choose provider” here. As you can see, here is the list of all the providers that you can choose from, or if you have already registered with a provider, Shopify will ask you to mention which payment gateway is available with you at the moment.

So, As you scroll down here, you can see that there are many payment gateway providers. For instance, the most famous ones are “PayU Money, PayU biz, Stripe” and many more.

You can choose any payment gateway. Just for an example, let’s see what happens after we click on PayU Money.

Now, as soon as you click on PayU Money, a form is available to you where you have to fill up all the information like “Merchant Key, Merchant Salt” etc.

Through PayU Money you can activate all the cards like Visa, MasterCard, Maestro, American Express, JCB, Discover, and Diners Club.

Now, as soon as you fill in all the details and click on activate PayU Money, your payment gateway will activate through which the user will be able to see all the payment options like UPI, credit/debit card etc to make a payment.

This means that you can receive your payment from the customers through these payment methods.

All you have to do is go to PayU Money and register on their website. After the registration, you have to get your business verified. And after the verification, you have to fill in all this information and finally click on activate.

As soon as you click on activate, this payment gateway will be available for the customers for further use. After the customer clicks on the checkout button, they will be able to see this screen of the payment gateway through which they will make the payment in order to complete their purchase.

Well, due to any reasons if you are unable to get the list of the providers, you can use “PayPal” or any “alternative payment method” or lastly you can choose the “COD” method which is personally my favorite method.

In order to activate the COD method, you have to click on “add manual payment method” and as you can see “COD – cash on delivery” option is available here. you can select and activate it from here.

As soon as you activate this here, the customer will get this added feature of cash on delivery. (I hope this much is clear)

So, friends, in this short practical session, we understood, what are the payment gateways and how can we add them?

So, by far we learned what are the types of payment gateways and how can we choose a payment gateway? We tried to cover each detail practically.

But still, if you have any queries or comments, click the discussion button below the video and post there. This way, you will be able to connect to fellow learners and discuss the course. Also, Our Team will try to solve your query.

So, see you soon with the next topic in our next session.

Thank you very much.

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