Can You Use Stripe With Shopify?

The Stripe payment gateway is a payment processing company that specializes in offering eCommerce companies a way to take payments through their website via credit and debit card. They have a similar system to processing payments to PayPal and therefore it is another way to accept payments on your website.

The process is simple, the customer makes a payment on your store and it is kept in ‘holding’ in your account for a set period time. After this, your funds are deposited into your bank account.

The transaction fees of Stripe are less than that of PayPal with fees as little as 1.2% from the very beginning, compared to the 3.4% of PayPal. However, the holding time of Stripe is much longer, it can be up to 90 days before you get the money, however it is often much shorter that this.

If you’re stuck with a 90 day waiting period, however, this can cause problems with your business’ cashflow.

Stripe is a standard Shopify payment gateway. You don’t need to add an extension or an app to use it on your store. So the process to activate it is simple; just follow these instructions.

Login to your Shopify account.

Click on the ‘Settings’ options and then the ‘Payments’ option.

Then find the option that says ‘Accept credit cards’ and then you can find the option that says ‘Stripe’.

Then you can click on the ‘Activate’ option.

Then you can click on the ‘Complete Account Setup’ and then you can enter the various details and submit them. This will allow you create a Stripe account.

There are numerous benefits when you’re using stripe on the Shopify store. First of all, it allows you to accept credit and debit card payments on your store for a fairly low cost. At the same time, the process is easy and effective, plus you have the protection from Stripe for your payments.

Stripe also offers more support via live chat and email than you can get with Shopify. And you don’t have to manually transfer your funds, this is done automatically for you.

However, against that is the long waiting time to get your money, that can be troublesome when you’re low on funds. Those that are using Oberlo or other dropshipping programs might not find Stripe useful.