Does Shopify use Stripe?

We all know Shopify as an E-commerce platform that helps sellers sell goods online or in person. Through it, merchants can create online stores and set up pop-up shops across multiple platforms, including social media. While using Shopify, did you ever wonder does Shopify use Stripe? If yes, you are at the right site, as we have the answer. So, without further ado, let’s jump right into it.

Does Shopify use Stripe?

Yes, Shopify does use Stripe, but not directly anymore. It has integrated Stripe payments gateway with Shopify Payments. Now, the Stripe payment gateway is not available as a 3rd party payment option on Shopify instead it is integrated and you automatically use Stripe when you use Shopify Payments.

Seeing the immense potential of Stripe’s advanced payment structure, Shopify opted for a Stripe Shopify integration, enhancing the user experience while reducing tedious payment-related charges.

What happened to the Stripe payment gateway?

Shopify has used the Stripe payment getaway for a long time due to its reliability and benefits. This is why Shopify came together with Stripe and launched the new Shopify Balance powered by Stripe. With Shopify Balance, you can get-

  • A reliable and easy-to-use money management tool that has all the benefits of Stripe integrated into it.
  • With Stripe Treasury’s help, Shopify Balance allows merchants to make payments on the same platform they are doing their businesses.
  • Shopify also uses Stripe Issuing so that their merchants can manage physical and virtual cards to handle expenses and access their balance funds without getting charged.

Advantages of Shopify Stripe Integration

With the new Shopify Balance, merchants can now access all the benefits of Stripe with its advanced architecture, API, and speed. Vendors also do not need to pay monthly card fees, account fees, or even minimum balance fees.

Also, check if Stripe reports to the IRS.

FAQ

1) What countries are supported by Shopify payments?

Shopify Payments supports many countries worldwide. They are-

  • Australia
  • Austria
  • Belgium
  • Canada
  • Denmark
  • Finland
  • France
  • Germany
  • Hong Kong SAR
  • Ireland
  • Italy
  • Japan
  • Netherlands
  • New Zealand
  • Singapore
  • Spain
  • Sweden
  • United Kingdom
  • United States

2) Shopify vs. Stripe: Which is better?

These companies cater to two different sectors, so comparing them together does not make sense. Shopify handles online businesses, whereas Stripe manages online payments for big and small firms.

3) Why is Stripe not showing in Shopify?

Shopify does not use Stripe as a third-party payment option anymore; instead, they have integrated and created Shopify Balance powered by Stripe. So, when you use Shopify Payments, you automatically use Stripe.

4) Is selling on Shopify free?

Yes, selling on Shopify is entirely free of charge, and you have to pay the subscription price and payment processing fees.

5) How much does Shopify cost?

The subscription fee starts from $29/month for the Basic plan. Then you can upgrade to costlier plans. They also offer a free 14-day trial on any plan you choose. 

Wrapping It Up

Shopify is an excellent place for up-and-coming sellers to set up their trades professionally and securely. On the one hand, Shopify keeps your business up and running, while Stripe ensures your transactions are happening smoothly and safely.

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