Shopify Payments – All You Need To Know [in 2026]

Key Takeaways

• Shopify Payments is Shopify’s built-in payment provider for eligible stores.
• It lets merchants accept major cards, Shop Pay, accelerated checkouts, and selected local payment methods from inside Shopify.
• Shopify Payments is only available in supported countries and regions, and each country has its own bank account, verification, payout, and payment method requirements. 
• Stores using Shopify Payments do not pay extra third-party transaction fees on orders processed through Shopify Payments, Shop Pay, Shop Pay Installments, PayPal Express Checkout, or manual payment methods. 
• If you sell internationally in local currencies, Shopify Payments may charge a currency conversion fee when the customer pays in a currency different from your payout currency. 
• Wholesale and B2B merchants should also think about payment terms, manual payment methods, purchase orders, deposits, and invoice-based workflows.

Shopify Payments is Shopify’s built-in payment solution. It lets eligible merchants accept card payments, Shop Pay, accelerated checkouts, and some local payment methods directly through Shopify.

The main advantage is simple: you can manage payments, payouts, refunds, fraud checks, and checkout settings from your Shopify admin without setting up a separate payment gateway. But Shopify Payments is not available in every country, and the fees, payout rules, supported payment methods, and bank account requirements can change depending on where your business is based.

In this guide, we’ll explain what Shopify Payments is, how it works, how to set it up, where it is supported, what fees to expect, and what wholesale or B2B merchants should keep in mind in 2026.

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What Is Shopify Payments?

Shopify Payments is Shopify’s own payment provider. It lets eligible merchants accept customer payments directly through Shopify without setting up a separate third-party payment gateway or merchant account.

When Shopify Payments is active, merchants can accept major payment methods through Shopify checkout. This can include credit and debit cards, Shop Pay, accelerated checkouts, and local payment methods depending on the country where the business is based.

The biggest benefit is that payments stay connected to the Shopify admin. You can view orders, payouts, refunds, payment status, fraud analysis, and chargeback information from one place.

Shopify describes Shopify Payments as the simplest way to accept payments online because it removes the need to enter credentials from a separate payment provider. Shopify also notes that stores using Shopify Payments are automatically set up to accept major payment methods when the store is created.

For merchants selling internationally, Shopify Payments is also important because selling in multi-currency requires Shopify Payments and Shopify’s international sales tools.

Read Also:

• Shopify Markets – Your Key To Unlock Global Potential
• Shopify VAT –  For US, EU, UK & non-EU Businesses

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Benefits of having Shopify Payments in your Store

Choosing Shopify Payments for your e-commerce store can bring multiple benefits that help you streamline your operations, enhance customer experience, and potentially increase your revenue and profitability. Let us now look at some of them.

#1. Seamless integration with your Shopify store

Shopify Payments is built directly into Shopify. You do not need to manage a separate payment gateway account for normal card payments.

You can review payments, payouts, refunds, payment status, and customer orders from your Shopify admin. This makes payment management easier, especially for small teams that do not want to switch between multiple tools.

#2. Reduced transaction fees

One of the top benefits you get from Shopify Payments is the reduction of transaction fees on orders. When you use third-party payment gateways, Shopify charges an additional fee. By using Shopify Payments, these fees are waived, and this leads to higher profit margins for your business. 

#3. Access to international selling with Shopify Markets

Stores that have Shopify Payments enabled can make the most of Shopify Markets. With Shopify Markets, any store can start selling internationally on their existing store and offer a personalized shopping experience to their global customers. With Shopify Payments enabled, customers can see and purchase products in their local currency, while Shopify Payments handles currency conversion automatically.

#4. Fast and simple checkout process

Since Shopify Payments is integrated within the Shopify dashboard, users get to complete the order without jumping to another payment provider’s page, which makes the payment process for the user simple and fast. 

#5. Enhanced payment security

Having a secure platform is super important for any payment gateway, and Shopify Payments adheres to PCI compliance to help secure the payment data of customers. Additionally, it also includes built-in fraud analysis and risk assessment tools that help detect and prevent transactions that could be fraudulent. 

#6. Offer “Buy Now Pay Later” to your customers

Shopify Payments also enables you to set up the ‘buy now, pay later’ feature in your Shopify store with Shop Pay. This functionality increases the conversion rate of your store as customers who don’t have the money available at the time can still buy from you and pay later. 

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7 Steps to set up Shopify Payments in your Store

Since we now know what Shopify Payments is and its benefits, let us now look at the steps to set it up in your store. 

Step 1: Check if you’re in an eligible country

As of May 2026, Shopify Payments is available in 40 countries (listed in the section below). So, start by checking if it is available in your country. 

Step 2: Access payment settings

Log in to your Shopify admin dashboard and head to “Settings” in the bottom left corner. Then select “Payments” to manage the payments in your Shopify store. 

Step 3: Activate Shopify Payment

If Shopify Payments is available in your country, you will see an option to click on the “Activate Shopify Payments” button. 

If you’re switching from another payment provider, you might need to click “Change provider” before you can select Shopify Payments.

Step 4: Enter Your Business Details

In the next step, you’ll have to fill in various details about your business. This includes your business type, address, and tax information. 

Step 5: Set Up Your Bank Account

Next, you have to enter the details of the bank account where you want your money to come in. Ensure that the bank account details are accurate to avoid any sort of technical issues and smooth remittances in your account. 

Also, there are different bank account requirements for specific countries for Shopify Payments, and one has to comply with them to enable Shopify Payments in their store. 

Step 6: Configure payment methods

Select which payment methods you want to accept through Shopify Payments. This can include major credit cards, digital wallets, and other applicable payment options.

Step 7: Do a test payment

Before making all your Shopify Payments live, it’s a good idea to test the payment system on your store to ensure everything is working correctly.For example, you can place a test order on your store or use Shopify’s test modes to simulate transactions without actually charging a card.

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Countries where Shopify Payments is Supported in 2026

Shopify Payments is not available in every country. Before setting it up, check Shopify’s official supported countries page because eligibility, payment methods, payout currencies, and document requirements can vary by country.

At the time of this update (May 2026), Shopify’s Help Center lists Shopify Payments support for the following countries and regions:

• Australia
• Austria
• Belgium
• Bulgaria
• Canada
• Croatia
• Cyprus
• Czechia
• Denmark
• Estonia
• Finland
• France
• Germany
• Gibraltar
• Greece
• Hong Kong SAR
• Hungary
• Ireland
• Italy
• Japan
• Latvia
• Liechtenstein
• Lithuania
• Luxembourg
• Malta
• Mexico
• Netherlands
• New Zealand
• Norway
• Poland
• Portugal
• Romania
• Singapore
• Slovenia
• Spain
• Sweden
• Switzerland
• United Arab Emirates
• United Kingdom
• United States

Note: If Shopify Payments isn’t available in your country, you can still set up your Shopify store using alternative payment gateways. Here’s what you can do:

• Research Supported Payment Gateways: Check Shopify’s list of supported third-party payment gateways to find ones that operate in your country. Popular options include PayPal, Stripe
• Consider Alternative Payment Methods: In addition to traditional payment gateways, explore other options like manual payments (bank transfers, cash on delivery) or digital wallets (Google Pay, Apple Pay, etc.) if they are available in your region.

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Selling internationally with Shopify Payments

With Shopify Payments enabled, stores can launch their business in multiple countries and provide a localised experience to their customers with Shopify Markets. Shopify Payments allows stores to accept multiple currencies and payment methods, which is super crucial for global e-commerce. 

This seamless integration between Shopify Markets and Shopify Payments allows your international customers to see and purchase products in their local currency from your store.

Shopify Markets further supports your international expansion by helping you to tailor your store’s settings for different regions. You can set specific pricing, including duties and taxes, customise shipping options, and even implement local marketing strategies. This level of customisation ensures that your store delivers a shopping experience that feels local and personal to your global buyers. 

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Shopify Payments Transaction Fees and Prices

Shopify Payments fees depend on your country, Shopify plan, card type, transaction type, and whether the transaction is online or in person.

In general, Shopify Payments can involve:

• Card processing fees
• International card fees
• Currency conversion fees
• Chargeback fees
• Manual or local payment method rules
• Different rates for online and in-person payments

Shopify Payments processing fees vary based on card type and location. The fee is charged when you capture payment for an order, and it is paid in your payout currency. 

Also, credit card rates vary depending on the Shopify plan and can differ between online and in-person transactions. 

Shopify Payments vs third-party transaction fees

When you use Shopify Payments, you pay Shopify Payments processing fees, but you avoid extra third-party transaction fees for eligible payment methods.

When you use a third-party payment provider, Shopify can charge additional transaction fees depending on your plan. Your third-party payment provider may also charge its own processing fees separately. 

Currency conversion fees

If a customer pays in a currency different from your payout currency, Shopify applies a currency conversion rate and a currency conversion fee.

Conversion fees and credit card fees are not returned when you issue a refund, but you are not charged an additional conversion fee when issuing a refund or receiving a chargeback. 

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Shopify Payments for Wholesale and B2B Stores

Shopify Payments works well for many normal ecommerce orders, but wholesale and B2B payment workflows can be more complex.

A retail customer usually pays at checkout. For wholesale buyers, you may also need net payment terms on Shopify so approved customers can place larger orders and pay later.

Shopify B2B supports different payment options for B2B customers. Shopify says B2B customers may pay upfront at checkout or pay full or partial amounts later using payment terms. 

For wholesale stores, this means Shopify Payments should be viewed as one part of the payment setup. You may also need:

• Net payment terms
• Manual payment methods
• Purchase order support
• Draft order review
• Partial payment workflows
• Customer-specific payment rules
• Wholesale pricing before checkout
• Clear invoice and payment instructions

If you sell both D2C and B2B from the same Shopify store, keep checkout simple for retail buyers but add the right payment options for approved wholesale accounts.

This is where the native B2B features and Shopify wholesale apps can work together. Shopify Payments can handle online payments, while wholesale tools can help with account-specific pricing, order forms, product visibility, and B2B buying workflows.

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When Shopify Payments may not be the Right Fit

Shopify Payments is a good option for many merchants, but it may not work for every business.

You may need a third-party payment provider if:

• Shopify Payments is not available in your country
• Your business category is not supported
• Your preferred local payment method is not available through Shopify Payments
• You need a specific payment provider for accounting, ERP, banking, or regional reasons
• Your B2B buyers prefer offline payment, bank transfer, invoice payment, or custom terms
• You operate in a high-risk or restricted category

If Shopify Payments is not available, Shopify lets merchants use supported third-party payment providers. Just remember that third-party transaction fees may apply depending on your Shopify plan.

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Summing up

Shopify Payments helps you simplify your store’s payment transactions and offer your customers a fast checkout experience. Moreover, with the Shopify Multicurrency capability, which comes along with Shopify Payments, the complexities of global expansion are eradicated.

However, a kind of a big concern with Shopify Payments is its availability. As discussed above, it is currently only available for stores in 40 countries as of May 26, though Shopify continues to expand the reach of its Shopify Payment feature.

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Frequently Asked Questions on Shopify Payments