Shopify Merchant Account, A Simple Review

So, you are considering making a Shopify Merchant Account

You’ll be wondering if it’s a good choice for you, if its feature set compares well to other options on the market, and if it is priced affordably enough for what you get.

This article will break all that down for you and more. 

Plus, at the end of the article you’ll find links to alternatives to Shopify Merchant Account as well as our top picks for the options in this category.

Or, just go straight to Our top picks for Best Merchant Accounts(Link it)

Without further ado, let’s get started.

Shopify Merchant Account

Unlock the full potential of your online business with a Shopify Merchant Account. Seamlessly integrate powerful payment solutions, manage sales effortlessly, and offer your customers a secure, flexible checkout experience. Start accepting payments globally and watch your eCommerce venture thrive with Shopify’s robust platform.

Shopify Merchant Account Features

Discover the powerful features of Shopify Merchant Account that streamline payment processing, enhance checkout experiences, and provide robust security, all while seamlessly integrating with your Shopify store to help you grow and manage your business effortlessly.

1. Seamless Integration with Shopify Payments

Shopify Merchant Account is designed to integrate effortlessly with Shopify Payments, enabling merchants to start accepting payments instantly without the need for third-party activations. This simple setup allows you to go from setup to selling in just one click, streamlining the payment process and reducing the time and effort typically associated with setting up payment gateways. With Shopify Payments, everything is pre-configured, and all you need to do is activate it within your account, making it a hassle-free solution for new and existing Shopify users.

2. Convenient Checkout Options

Shopify Merchant Account enhances the checkout experience by offering customers a variety of payment methods, including Visa, Mastercard, American Express, Shop Pay, Apple Pay, Google Pay, and more. By enabling popular payment methods and local currencies, you can create a smooth and convenient checkout experience that boosts conversion rates. This flexibility ensures that customers can pay in their preferred way, which can significantly increase the likelihood of completing a sale.

3. Security and Compliance

Security is a top priority with Shopify Merchant Account. The platform is PCI compliant, meaning it adheres to the Payment Card Industry Data Security Standards, ensuring that all payment information is processed in a secure environment. Additionally, Shopify Payments supports 3D Secure checkouts, adding an extra layer of protection against fraudulent transactions. Payment data is encrypted, ensuring that both you and your customers’ sensitive information is kept safe at all times.

4. Integrated Back Office

One of the standout features of Shopify Merchant Account is its integrated back office, which gives you complete control over your cash flow. You can track orders and payments all in one place, providing a clear view of your finances. This feature is particularly beneficial for businesses that handle a high volume of transactions, as it simplifies financial management by consolidating all payment-related information into a single dashboard. This integration helps you stay organized and informed about your business’s financial health, allowing you to make better decisions and manage your cash flow more effectively.

5. Advanced Reporting and Analytics

Gain insights into your store’s performance with Shopify Payments’ comprehensive reporting and analytics tools. Track sales trends, customer behavior, and payment data to make informed business decisions and optimize your operations.

In summary, Shopify Merchant Account provides a comprehensive and secure payment solution that integrates seamlessly with your Shopify store, offering flexible payment options, robust security measures, and an intuitive back office for managing your finances. With Shopify, you can focus on growing your business while ensuring that your payment processing is smooth and secure.

Shopify Merchant Account Pricing

Shopify offers three main plans with varying features to suit different business needs. The Basic Shopify plan is priced at $29 per month and includes essential features such as basic reports, 2 staff accounts, 4 inventory locations, and a 77% shipping discount.

For more advanced needs, the Shopify plan, at $79 per month, provides professional reports, 5 staff accounts, 5 inventory locations, and an 88% shipping discount.

The Advanced Shopify plan, costing $299 per month, includes a custom report builder, 15 staff accounts, and 8 inventory locations.

While Shopify does not charge transaction fees for stores using Shopify Payments, credit card processing fees vary by plan. For third-party payment providers, additional fees are 2% for the Basic Shopify plan, 1% for the Shopify plan, and 0.5% for the Advanced Shopify plan. This pricing structure ensures you can choose a plan that aligns with your business size and needs.

Shopify Merchant Account Discounts and Coupons

Shopify provides a special offer where you can start with a 30-day free trial and pay just $1 for the first month. Unfortunately, there are no additional discounts or coupons available for ongoing subscriptions. This trial allows new users to explore Shopify’s features at a minimal cost.

Shopify Merchant Account Free Trial

Shopify offers a 30-day free trial for new users, allowing you to explore its features and tools without any commitment. During this period, you can set up your store, test the platform, and get a feel for its capabilities before deciding on a subscription plan.

Shopify Merchant Account, A Short How-To Set-up and Use Guide

Setting up a Shopify Merchant Account is straightforward and designed to get your business up and running quickly. Follow these steps to get started:

1. Sign Up for Shopify: Visit Shopify’s website and click on “Start free trial” to begin. Enter your email address, create a password, and choose a store name. You’ll be prompted to answer a few questions about your business, but you can skip these if you prefer.

2. Set Up Your Store: Once you’ve logged in, you’ll be guided through a setup wizard. Customize your store’s appearance by selecting a theme from Shopify’s library or uploading your own. Configure your store settings, including business information, tax details, and shipping options.

3. Add Products: Navigate to the “Products” section in your Shopify dashboard. Click “Add product” to enter details such as product name, description, price, and images. Organize your products into collections to make them easier for customers to find.

4. Configure Payment Gateways: Go to “Settings” and then “Payments” to set up your payment methods. Shopify Payments is integrated by default, allowing you to accept credit card payments without additional fees. You can also enable other payment options like PayPal, Apple Pay, or third-party providers.

5. Set Up Shipping: In the “Settings” menu, select “Shipping and delivery” to define your shipping rates and methods. You can offer local delivery, in-store pickup, or various shipping carriers.

6. Launch Your Store: Once you’re satisfied with your setup, remove the password protection from your store to make it live. You can start promoting your store and processing orders immediately.

Shopify’s user-friendly interface and comprehensive support resources ensure a smooth setup process, allowing you to focus on growing your business.