Shopify and Stripe – Comparison and 7 Easy Integration Steps

Key Takeaways

• Shopify Payments is usually the easiest payment option for Shopify merchants because it is built into Shopify.
• Shopify Payments is available only in supported countries and regions, and eligibility also depends on business type and verification requirements. 
• Stripe can be used as a third-party payment provider on Shopify only when it is available for your store.
• If you use a third-party provider like Stripe instead of Shopify Payments, Shopify transaction fees may apply in addition to Stripe’s own processing fees. 
• Shopify Payments has no setup fees, monthly fees, or hidden fees beyond card processing fees and your Shopify plan cost. 
• For subscriptions, Shopify supports specific gateways including Shopify Payments, PayPal Express, Authorize.net, Adyen, and Stripe, but availability varies by region and terms. 

Are you trying to decide whether to use Shopify Payments or Stripe for accepting payments on your e-commerce store? Or do you want to integrate Shopify and Stripe into your online store?

Either way, it’s important to know about the different features of both services so you can make an informed decision. In this article, we’ll compare Stripe and Shopify Payments in terms of payment processing capabilities, fees, customer service, and more. We will also see a step-by-step procedure for connecting Shopify and Stripe.

What is Stripe?

Stripe is a widely used payment processing platform that helps thousands of online businesses receive payments from their customers. It’s easy to integrate into existing websites, e-commerce stores, or applications, making it ideal for entrepreneurs, small business owners and enterprises that want to accept credit card payments from their customers, without going through the complicated process of setting up and managing traditional merchant accounts.

What is Shopify?

Shopify, on the other hand, is an e-commerce platform that is designed for businesses to create beautiful online stores quickly and easily. With its user-friendly interface, integrated marketing features, built-in analytics tools, and secure payment gateway like Shopify Payments, Shopify provides everything you need to build and manage an online store from scratch.

Shopify Payments OR Stripe?

Both Shopify Payments and Stripe can be used to accept payments from your customers. But there are a few differences between these two services, which may help you decide.

Shopify Payments offers a range of features such as integration with Shopify’s backend, tracking of customer data, and other marketing tools. On the other hand, Stripe offers a more complex platform with custom integrations, recurring billing options, and detailed analytics.

Feature comparison of Shopify Payments VS Stripe

The following table provides a comparison of the features between Shopify Payments and Stripe.

If you want to sell wholesale on your Shopify store and want to offer Net Payment Terms, there’s an easier way to do it. With the Wholesale Pricing Discount B2B app, you customise your Shopify store into a complete wholesale experience for your B2B customers.

Is Shopify and Stripe a good choice together?

Yes, Shopify and Stripe are a great combination for business owners who need an easy-to-use payment processing solution that’s also secure and reliable.

With Shopify and Stripe integration, you can accept payments quickly and securely without ever leaving your store and set up recurring payments for subscription services so you don’t have to manually process customer orders every month.

Plus, the integration also comes with analytics tools to easily track sales data and gain insights into customer shopping habits.

How to connect Shopify and Stripe? (7 Easy Steps)

If you’ve decided that integrating Stripe with your Shopify store is the best choice for your business, then it’s time to get started. Adding Stripe to Shopify is straightforward and can be done in just a few simple steps.

Step 1: Create a Stripe account

Step 2: Log into your Shopify store and go to Settings > Payments

Step 3: Choose a 3rd party provider. If Shopify lets you choose a third-party credit card provider, search for Stripe. If Stripe does not appear, it may not be available for your store’s location or setup.

Step 4: Connect your Stripe account. If Stripe is available, select it and follow the connection steps. You may be asked to sign in to Stripe and authorise the connection.

Note: If Stripe’s service is not supported in a certain country, it will not show up in the search results in your Shopify payments provider settings.

Step 5: Review the terms of service for using Stripe with Shopify, and click on “Activate” once you are happy with them. You will be taken back to the payment provider page in your dashboard.

Step 6: You are now successfully connected to Stripe. Now, test the Shopify-Stripe payment integration to ensure everything is properly set up.

Step 7: Now, all that’s left is to place a test order from your Shopify with a real transaction.

Sum up

Stripe is a great payment solution that should be considered by entrepreneurs looking to increase their online presence. By combining it with Shopify, businesses will have the ability to accept payments in a secure and efficient manner. 

With features like access to global currencies and multiple payment methods, Stripe and Shopify can provide a superior service for merchants who want to simplify their checkout process and help them get paid faster than ever before. 

We hope you like this article! Keep reading our blog for more content on Shopify and the e-commerce ecosystem. Thanks for reading! 🙂

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