How do I activate Stripe and Paypal on Shopify?

How do I activate Stripe and Paypal on Shopify?

Paypal is on Shopify, one of the many payment methods you can install in your virtual store. Shopify is an online sales system that requires international means of transaction (direct sales). Therefore, Paypal and Stripe are the solutions you can use to internationalize your online business. However, you need to understand the mechanism of configuring this payment method in your e-store. So, how to configure Stripe and Paypal on Shopify? Before answering this question, we will clarify the concept of Shopify and how it works.

How do I activate Stripe and Paypal on Shopify?
How do I activate Stripe and Paypal on Shopify?

Paypal Shopify: What is a Shopify store?

Tobias Lütke, Daniel Weinand, and Scott Lake are the founders of the Shopify online store. The idea to create the store was born in 2004. However, the project was not completed until 2006.  

Shopify is straightforward to get started compared to other online sales platforms. You can create your store on this platform in just 30 minutes. In addition, you don’t need special packaging. You have to go to the forum and make a long-term subscription. It’s that simple.

Finally, the Shopify platform has conquered most eCommerce promoters over time. Moreover, for eCommerce newbies, we recommend Shopify.

How to set up your own Shopify e-store?

 The ease of use of the Shopify platform is not limited to its use. You can already see this when creating a virtual store. You don’t need to download the application. No! You need to visit the Shopify website. Once on the site, try to find the virtual “Start” button. You can find this button in the upper right corner and at the top of the navigation screen.

After pressing this button, an information window will appear. In the said window, you will place all the corresponding user information. The required information is the email address, password, and store name. Once you are done, send your Shopify Virtual Store.  

Also, it is essential to note that the Shopify platform offers you a bonus exclusively when you open a store. This bonus lasts for 14 days from the date you open your account. Usually, promoters take this opportunity to configure various settings on their account or store. Newbies use this to take control.

The previous step is just to take place on the platform. So you can’t stop at this point. You need to complete the information to have a complete store. Then you must provide detailed information about your store and the type of activities you wish to perform. This information is not definitive. You can modify them as needed, depending on whether you want to change the direction or improve the intervention area of the store. You will be registered with the same different password. This is already the administrator page, from where you can configure your site.

How do I activate Stripe and Paypal on Shopify?
How do I activate Stripe and Paypal on Shopify?

Paypal Shopify: Shopify Store Configuration Tool

The Shopify store setup phase is one of the most critical phases. It is part of the marketing aspect of your business. A well-configured store is undoubtedly beautiful and attracts visitors who can become customers.

Home page section   

The homepage is the home page of the Shopify store. At this level, customers or visitors can find all the information related to your company. Likewise, this page has the necessary contact information to get more information or use in case of problems. The home information is editable. Finally, the home section is like a dashboard for you as an administrator.

Orders  

Orders have a set of pre-designed shopping carts that you can use at your leisure. They are not yet complete to give you the flexibility to customize them to your liking. Therefore, you can use them according to your preferences.

Products  

As the name suggests, French-language products or products are the sections of the Shopify website dedicated to your products. It shows all the products in stock to your customers. Therefore, as the initiator, you include photos of your store on the page in this section. Moreover, you can manage your merchandise inventory virtually thanks to this section. Finally, the Products section offers you the possibility to create collections and store products by category.

Customers

Customer is just the English word for the customer. Therefore, this section of your Shopify store is all about customers. Customers register all necessary information and place orders in this section. Orders are also saved in this section.

Analytics

The Analytics section is responsible for analyzing data from the Shopify store. It provides you with information about the number of visits, orders, transactions, etc. Thus, you can use this data to project yourself into the future.

Discounts

Discounts are the discounts or discount portions you give to your customers on each product you sell. Therefore, customers can find all the relevant information at this level.

How do I activate Stripe and Paypal on Shopify?
How do I activate Stripe and Paypal on Shopify?

Applications

The Applications section allows you to customize the site and set up all the necessary tools to operate it. It will enable you to download and install additional applications that you need in the Shopify store.

Sales Channels

Sales Channels, also known as sales channels in French, bring together several administrative commands for your Shopify store. In addition, it allows you to integrate other pages into your e-store. You can choose the colors and themes you want to sublimate your store thanks to her. Likewise, you can interconnect platforms such as Facebook, Amazon, etc., with your store. Therefore, this section plays a vital role in your marketing strategy.

Settings or Parameters

The Parameters tool is the central administrative command for administrators. Thanks to it, you will configure or access the rest of the authorities. From organizational tools to PayPal Shopify payment methods, everything is there.

Paypal Shopify: What factors should be considered when defining payment methods on Shopify?

The virtual world is one of the most dangerous and vulnerable worlds. Therefore, before installing a payment method on your Shopify store, you must consider the following factors.

Paypal Shopify: Security of the payment method

Security is the primary factor to consider when deciding whether to install a payment method in your Shopify store. The security of your business and your customers’ bank accounts depends on it. Therefore, you must ensure that your system complies with the rules in this area. The recognized international security standard is the PCI standard. Payment methods that adhere to this standard are reliable and secure. Therefore, you must check that the payment method you choose complies with this standard.

How do I activate Stripe and Paypal on Shopify?
How do I activate Stripe and Paypal on Shopify?

Ease of financial transactions

The simplicity of the payment method is also a significant factor to consider. A simple payment method can complete an operation quickly. On the other hand, a complicated system can waste the customer’s time and annoy him. As a result, he ends up canceling the procedure. That’s what this study reveals, according to which a quarter of Internet users cancel transactions due to complex and long-term payments. Therefore, you need to make it simple and effective.

Paypal Shopify: transaction costs

Transaction costs are essential for any customer who wants to buy a product online. The principle of rationality demands it. Therefore, you should make sure that you offer transaction fees at least in the middle range. Otherwise, it is better to offer slightly below-average prices to attract more customers. This is what many providers in the market are doing by providing rebates on transaction fees.

It is also important to note that the current standard in Europe is 2.9% of the amount for each transaction made online, in addition to $0.30.

Paypal Shopify: some practical ways to pay for online financial transactions

Based on the factors to be considered listed above, we can mention that

PayPal

The PayPal electronic payment method is the number one for online financial transactions. It accounts for more than half of the market (60%). It offers two options for companies that wish to use it for online financial transactions. These are PayPal Standard and PayPal Pro.

How do I activate Stripe and Paypal on Shopify?
How do I activate Stripe and Paypal on Shopify?

PayPal Standard

This version of PayPal is better suited to the simplicity of financial transactions. PayPal Standard allows you to configure PayPal in your Shopify store and generate an order called “Pay Now.” Once you install this order in your store, PayPal will take care of the configuration and transactions. The customer will be able to perform these transactions just as quickly. Thus, it presents itself as a great way to do e-commerce. However, since Paypal Standard directs the customer to the payment site, there is a risk of losing the transaction.  

PayPal Pro   

Like Standard Paypal, Professional Edition has simplicity as its primary quality. It is also an advanced form of PayPal. Unlike the standard version, PayPal pro allows your customers to make transactions directly to your website. In fact, in this case, transactions are no longer redirected.

On the other hand, it also has the disadvantage of being less common. Again, the standard fee is 30 USD per month.

Stripes  

In addition to Paypal, you can configure stripes as a transaction method in the Shopify store. It is also the second most popular payment method after PayPal. Its specificity lies in its freedom of movement. Stripe allows you to manage the transaction method fully. Thus, you can configure it as needed. Besides, it does not have a monthly pricing plan.

Also, it should be remembered that there are several other ways to use your Shopify store besides these two.  

Different steps to install Paypal on Shopify

First, you must have a PayPal business account and a Shopify account. Once this is done, you can start by following this process.

Find the “Parameters or Settings” tool in your Shopify store

The first step in setting up Paypal in your Shopify store is to access the “Settings” tool on the administration page. It is located at the bottom left of the page. Then go to “Parameters” and “Payment Service Providers.” Once you reach this level, the menu will offer you PayPal.

Make the necessary changes in the PayPal section.

Now that you are in PayPal, you can go ahead and make edits. But before doing so, please check that you are connected to your PayPal account. Then press the virtual “Edit” button. Thus, you can make all the necessary changes.

Skip to Deactivate PayPal

After completing the various changes, you must now deactivate PayPal. This is done through the “Disable” command, which you will confirm. To facilitate the complete configuration of your Shopify store, you must deactivate your PayPal account.

Reactivate your PayPal account

After deactivating your PayPal account, you will need to reactivate it through PayPal Express Checkout. After clicking Checkout, you will receive a notification asking you to reactivate your account. Therefore, you will enter your email address, and in the corresponding window, click Next and enter your PayPal account and your password. If you are in the same browser as your PayPal account, click on “Grant Permissions.” A Paypal authorization page will then appear, and you will click on the “I give authorization” button. As a result, you will be able to receive payments through PayPal.

How do I activate Stripe and Paypal on Shopify?
How do I activate Stripe and Paypal on Shopify?

Checking the installation

Verification will involve going to your Shopify store and performing a transaction to determine its validity.

PayPal Shopify: Mechanism for installing Stripe on Shopify

The mechanism for installing Stripe on Shopify is similar to that of PayPal. First, you need to create your Stripe account. Once you have a Stripe account, immediately go to the Shopify store. From there, go to the parameter level and click on “Payment methods.” Usually, you will get offers like PayPal, Shopify, Amazon pay, Stripe, and many others. However, Stripe may not be in the proposal.

So, press the “Other payment methods” button, and you will have Stripe. Then install Stripe settings. After installation, you will see a window to fill in the necessary information. After verification, Stripe will be automatically connected to your Shopify account, and you will be able to receive payments.

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