How to Add Stripe to Shopify: A Payment Integration Guide
Shopify is one of the most popular e-commerce platforms in the business. It’s available worldwide and allows users to accept easy payments from just about anywhere. It also provides plenty of reporting features for business owners to find the data they need to enter into their accounting software. Shopify has partnered with Stripe to provide Shopify Payments, Powered by Stripe. This new service has confused some people since it looks different from ordinary Stripe.
So, how do you accept Stripe payments via Shopify? Here’s a quick guide to adding Stripe to your Shopify store.
- Stripe is still supported by the Shopify platform and is now called Shopify Payments, Powered by Stripe
- Stripe can be integrated into Shopify in a series of steps
- FreshBooks can help streamline the process of combining the two and help track information for accounting purposes
Here’s What We’ll Cover:
What is Stripe?
Stripe is an online sales channel that lets you send and accept payments online. In many ways, Stripe is similar to PayPal or Venmo.
Stripe supports everyone, from individuals and small businesses to some of the world’s biggest corporations.
The main advantage of Stripe is its cloud-based infrastructure. Users can take advantage of the scalability and reliability of cloud architecture because everything is in the cloud. In addition, the service is exceptionally secure and maintains a strong security team that helps prevent fraud and abuse. Stripe also makes it easy to run reports, so you can easily manage your revenue.
As a result of all these features, it’s not surprising that Stripe has become one of the web’s most popular payment processors. Depending on your country, you will be able to accept credit cards, bank transfers, wallet payments like Apple and Google Pay, Bank Redirects like BLIK or FPX, and even Buy Now, Pay Later options like Klarna or Affirm.
How to Add Stripe to Shopify in 6 Steps
Now that we know a little about Stripe, it’s time to learn how to integrate Stripe with Shopify in this step-by-step guide.
Step 1: Log In or Create a Stripe Account
To begin with, or if you haven’t already, create a Stripe new account on the Stripe website. You’ll need one to continue these steps, so go ahead and open a new tab in your browser right now–I’ll wait.
Great! Now that you’re logged into your Stripe account, you can link everything up.
Step 2: Log into Shopify
Now, log into your Shopify store as usual. In most countries, you’ll have the option to accept Shopify Payments, Powered by Stripe. In some, you’ll only be able to add Stripe as a secondary option. Depending on your account type, you may not be able to link your Stripe account at all. In that case, you’ll have to create a new Shopify account.
Step 3: Access Shopify Admin & Settings
Navigate to your Shopify Admin page and click the Settings button at the bottom of the screen.
Step 4: Choose Stripe as Your Third Party Credit Card Provider
On your Settings page, you’ll see a link that says “Payment providers.” Click on that. This will open a window where you can choose from various third-party payment providers. Choose the option for third-party payment providers, and a drop-down menu will appear. Find Stripe in the list of options, and select it.
Step 5: Enter Your Stripe Account Details
At this point, you’ll need to enter your Stripe email address and password. As long as the login information is correct, you shouldn’t have any trouble. If you cannot log in, go back to the Stripe website, click on Log In, and then on Forgot Your Password to reset it.
Step 6: Activate!
Click the Activate button, and you’ll be all set to accept payments through the Shopify and Stripe partnership. That’s all there is to your complete account setup!
Benefits of Integrating Stripe with Shopify
The benefit of integrating Stripe with Shopify is that this is a way to combine your two accounts into one for the convenience of both you and your customers. Customers can also recognize the platform and format easily, giving them a continued sense of confidence in your business. This product also gives merchants quicker access to funds, decreased fees, and many other advantages.
What Happened to the Stripe Payment Gateway?
Stripe has been a viable online payment solution for several years. It’s already been an option for merchants on Shopify for a while. So if you’ve already been using Stripe, you may wonder what happened to the payment gateway. Don’t worry. You don’t need it anymore.
No, Shopify hasn’t stopped supporting Stripe to accept credit card payments and debit card payments. They’ve integrated it into their existing Shopify Payments platform. So where you used to log in and see separate gateways for Stripe and Shopify Payments, now you’ll only see one. This is Shopify Payments Powered by Stripe, the new and improved way to take payments on Shopify.
In some cases, you actually get a different product variant depending on what region you live in. The Stripe gateway remains in place in some parts of the world due to local regulations. In other areas where Stripe is unavailable, you may only have access to the old Shopify Payments system. But in most countries, you won’t have any issues with integration.
How FreshBooks Can Help Streamline the Shopify-Stripe Payment Gateway Integration Process
Have you ever felt overwhelmed with the number of sign-ins, payment providers, accounts, credit card payments, and gateways you need for your business? You are not alone! FreshBooks’ integration with Stripe and Shopify can streamline the process of getting everything to work together to accept payments. Users can quickly add Stripe to their Shopify store and manage payment processing from their FreshBooks account, saving time and frustration. FreshBooks can help alleviate the crush of sorting and tracking payments and incoming orders, managing invoices, and reconciling accounts with easy-to-navigate accounting software. Simply click here to start your free trial.
As you can see, while the appearance may have changed, Shopify’s Stripe payment processing still works as well as it used to. It’s the same payment provider you know and loves. By blending your Stripe account with Shopify Payments, you can simplify your financial reporting and invoicing. And for first-time Stripe users, the whole process works seamlessly.
Click here to start your free trial of FreshBooks accounting software. FreshBooks can help you make this integration simple, saving you time and money.
Did you like this blog post? Do you want to read more? Head to our payments section for dozens more guides, articles, and tips.
FAQs On How To Add Stripe To Shopify
Is Stripe still available in Shopify?
Yes, Stripe is still available in Shopify. It’s been revamped and integrated into their Shopify payments platform. It is now called Shopify Payments, Powered by Stripe.
Is Stripe better than Shopify payments?
Both payment solutions have their charms! Stripe is better for off-website payments, and Shopify can work seamlessly in its storefront or online store. It is great that you can now integrate the two and have the best of both payment service providers.
Which one is better: PayPal or Stripe?
If you’re looking for cost savings, Stripe tends to offer a better for your online business fee structure. Make sure and do your due diligence and read the fine print on how much you’ll be paying in each payment situation.
What are the cons of Stripe?
Stripe’s many options may overwhelm some users, and integrating it into your website can sometimes require some detailed coding and technical skills. Also, even though your Stripe account can accept payments from around the world, if your company is based in a non-supported country, you may not be able to use your existing Stripe account for your online business.
What percentage does Stripe take per transaction?
At the time of answering this question, Stripe takes 2.9% plus $0.30 per transaction. If you’d like to develop your own pricing structure, Stripe can work with you to craft a custom package.
About the author
Sandra Habiger is a Certified Public Accountant with a Bachelor’s Degree in Business Administration from the University of Washington. Sandra’s areas of focus include advising real estate agents, brokers, and investors. She supports small businesses in growing to their first six figures and beyond. Learn more about her work at http://www.sixfiguresaccounting.com/ .