Easy credit card payments on Shopify?
Boost conversion rates by improving the checkout process?
Is the best checkout experience possible?
Shop Pay is an environment-friendly payment solution for Shopify users.
We will be examining how payment software can improve sales and contribute to the environment simultaneously.
This means that they essentially guide a visitor who might purchase in such a way that they don't leave without buying your product.
You can add the payment tool to your checkout pages. They make use of Stripe to manage all required payment info. Trusted by many top stores globally, Shop Pay is a tried and tested product that can only lead your business upwards.
Find out why you should use Shop Pay in all your online stores' checkout options in our detailed ✅Shop Pay review.
What is Shop Pay?
In-Depth Shop Pay Review
Essentially speaking, Shop Pay is a payment solution provider for online stores created using Shopify.
Users can save all concerned payment details like billing data, credit card information, and shipping address for a quicker checkout experience the next time around.
The accelerated checkout flow you get with Shop Pay ensures that your customers have an excellent shopping experience online.
It is a known fact the better the shopping experience customers have with a website; the more likely they are to come back and purchase more things.
Users essentially just have to go to Shopify payments and input their email addresses.
The option to use your phone number with the added benefit of speeding up your payment process even more, is also available. It should be noted users who input their phone number cannot save their info for the next time visiting your site.
We request you understand that Shopify Payments and Shop Pay are different things before we go further. We will explore this difference in detail later.
Shop Pay comes with a long list of features designed to help your customers enjoy shopping from your website. Local pickup, many delivery options, and much more is available.
They also use Shopify's PCI-ready servers, which are highly secure. This ensures that all the customers and organizations who store their information with you are always protected.
Compliance regulations are also easily avoidable because the information is not saved on your store itself.
Working with a third-party payment processors on a merchant account or anything of the sort, you have to ensure that your servers are secure.
PCI compliant servers can take care of all the needs which a secure dropshipping store requires.
How does Shop Pay help your customers?
Shop Pay is an amazingly simple solution on both your and the customer's end of things.
After entering their shipping, credit card, and billing details and linking these details to their email or phone, they can check out much faster than before.
Shop Pay tracks every time a past customer enters your store again and provides them with automatic payments on every next purchase using their saved details.
Please note that all customers will have to input a 6-digit code on sign-up when they link their phone to their payment details.
This is done to verify the user's provided details and ensure the security of their data. If you used your email earlier, you would have to enter your phone as the code can only be received on text.
Shop Pay policy clearly states that the information you provide is stored on compliant servers and will be used exclusively for payment options and SMS verification.
Is Shop Pay easy to set up and use?
Ease of Use | Shop Pay Review
Shop Pay is very similar to Apple Pay and other payment providers by design.
Still, they have optimized that design to ensure maximum ease of use and no technical skill barrier to using their platform. Shop Pay functionality can be enabled just like enabling any other payment provider on Shopify.
We have laid down the steps to enable Shop Pay for your users so you can see how easy it is to set it up;
- Go to the settings section in the dashboard of your Shopify Store
- Click on Payment Providers. You will see many options like PayPal and other popular variants. Click on Shopify payments and then click on Manage.
- Find the option named Accelerated Checkouts. You will see the Shop Pay option there. Turn on this option. It will work with your other listed payment providers as well. Save changes.
Your customers can now save their information and make their checkout experience more efficient the next time around.
Every time customer checks out of your store after Shop Pay is enabled, they will automatically save their credit card, billing, and shipping data (if they want to).
Every next visit that customer makes to your website will be effortless as all their data is already stored with you.
If you have a product that requires repeated purchases, this feature nearly guarantees that your customers will come back to you every time they need the product.
The checkout process can be simplified to the extent that your customer can complete a sale by entering a single code every time.
You can also customize the checkout page with Shopify Pay to make it more in tune with your brand and your customer's popular demands. The option to offer a local pickup or a delivery option is an excellent example of this.
Your customers can also adjust their Shop Pay info at any point that they require quickly.
To change their registered number on your online store, they will have to remove the earlier number and create a new account with their new number.
To modify stored info, they can head on over to your website and change them directly.
This also allows for separate storage of data which might be necessary for some users.
What are Shop Pay installments?
Shop Pay Installments
In a further attempt to optimize payments, Shop Pay users get access to Affirm. This is a BNPL (buy now pay later) option that has been shown to increase sales exponentially.
With a Shop, Pay enabled Shopify store; users can access Shop Pay installments to split the cost of a customer's bill into 4 equal, interest-free installment payments.
BNPL drives order size, repeat purchases, and reduces cart abandonment, and sellers get the full payment for their product upfront. Shopify bears the cost of the product until the customer completes his installments.
What is the difference between Shopify Payments and Shop Pay?
Difference Between Shopify Payments & Shop Pay
Shop Pay is one of them which is focused on making the checkout process as fast as possible.
If your priority is speeding up your customer's shopping, then Shop Pay is the service to go for. As we mentioned earlier, the critical feature for your customers to save their info safely for further online shopping is available.
Shopify Payments is another payment platform developed and offered by Shopify itself. It's an unbranded checkout option for customers.
Often your customers can avail of some offers and save money on things like transaction fees and other checkout costs.
Shop Pay and Shopify Payments have no real shared connection between the two other than that they're both developed by Shopify.
Shopify Payments is Shopify's in-house PayPal, and Shop Pay is their tool designed to help users have a smoother experience while making a purchase. Shop Pay is also a branded button paired with the trendy Shopify logo.
Shopify gift cards are valid on Shop Pay is an exciting add-on. Optimizing your existing checkout page to the best of its ability is what Shopify is all about.
For example: if you sell services or software which do not have any physical dimensions, your checkout page doesn't need an address.
Also, if your default checkout page does not have a shipping address field, Shop Pay will not ask for one either. Essentially Shop Pay will optimize your customer's checkout experience in that direction.
Shop Pay also doesn't aim to replace your current checkout system. Your users can go through the full checkout if they want to by just not clicking on the Shop Pay button.
Shop Pay is essentially a way of offering users another more straightforward, smoother checkout option.
Does Shop Pay help preserve the environment?
Offsetting Carbon Emissions
Shopify, and their allied product Shop Pay, are equally committed to their company goal of trying to lend their hand in creating a healthier environment.
They have been doing this since before it became a trend in the COVID-19 pandemic for brands to include a social responsibility aspect to their company policies.
If you were told about the scale of delivery emissions, i.e., carbon emissions caused during delivery of products, you would be a little convinced to shut down your whole dropshipping business.
Shop Pay wants to counteract these emissions by planting more and more trees. Their goal is to plant around 7 million trees across the year to balance the harmful impact of some 6000 tons of carbon emissions.
Whenever one of your customers uses the Shop Pay feature and makes a purchase, the product delivery is handled by a Shopify committed carrier. Shopify (and by effect Shop Pay) compiles the total amount of emissions generated during delivery of all these carriers.
Along with planting new trees, they also protect a certain number of trees based on the number of emissions they cause.
The net amount of harm they did to the environment is balanced as they protect as many trees that match up with the amount of damage they did.
Trees absorb carbon emissions in the air and create a zone of better air quality around that tree. Today's forests are quickly diminishing, so we are facing air quality issues everywhere. Shopify wants to play its role to try to avert this situation.
They also have a Shopify sustainability fund which they chip part of their profits into.
The sustainability fund is aimed at generating at least $5,000,000 every year to help preserve the environment.
Is Shop Pay secure?
Shop Pay: Security
Providing suitable payment options on your website is vital to ensuring you don't lose customers as they are about to make a payment.
This means keeping it simple, fast, and glitch-free. You have to achieve this at minimal cost and effort as well as you shouldn't have to spend time working on your payment option instead of working with your actual product.
Shop Pay perfectly fits the bill in the criteria's that we mentioned here. It is lightning fast, very efficient, and ideal for bolstering a customer base that is coming back for repeat purchases.
These are essential requirements for the success of any online store. Shop Pay redefines how you interact both with your customers and even with other Shopify features.
There is another significant factor, but no one addresses it. That is Security. Checkout involves dealing with sensitive info like addresses and credit cards.
You have to ensure that all the data you collect is stored safely. Things like SMS verification and other authentication measures go a long way in making your customers feel more secure about their online shopping.
We live in a world where the question of how secure online data storage is?
Is being asked every day. It is better to provide security features that your customers want so you don't lose out on the engagement your product deserves.
The good thing about Shop Pay is that you can skip the development part as all the required features, along with some advanced measures, are already added to the interface.
You will have to hire a separate developer if you want these features on your main checkout page. Shop Pay customers can sit back and relax on their checkouts as their ready-to-use data will speed up their checkout more than anything.
We know that all customers will probably not go for Shop Pay, but the tool is so convenient that all the people who use it will continuously use the same option.
Please check all the fields you require for payment processing while adding Shop Pay, so you don't miss out on providing facilities like chargebacks.
What are the key benefits of Shopify?
Key Benefits of Shopify
As you probably have understood by now, Shop Pay is an additional payment option offered by Shopify meant to ensure that their store owners never lose any revenue because customers had a bad checkout experience.
Shop Pay is a complete and easy-to-use payment solution that is also optional.
This is the era of customers demanding multiple options, and providing them with Shop Pay of their own will is a great idea to help build a loyal customer. If nothing else, offering multiple checkout options is a sure-fire way to boost sales.
The direct and most significant benefit of Shopify is that you create a customer base that will come back to you multiple times every time they want to make a purchase as you offer them the most streamlined online shopping experience.
Easier payments are an excellent motivator for customers to make a repeat purchase, mainly if you're offering quality products.
A secure, fast payment service to buy premium products that they need or desire is a combo that customers just can't resist.
It is a little bizarre to think about how you can contribute to the environment by offering an alternate payment option to your customers.
Every time they buy a product from you, they support the plantation of a tree somewhere is of great comfort to anyone who cares about the environment.
Shop Pay is not flashy or trendy, but the thing is, in the long run, it will help you attract customers, and more importantly, it will help you keep these customers for a long time.
If you're using Shopify, you can use Shop Pay at no additional cost to yourself so giving it a try is a risk-free way to see how it plays out with your customers.
If you see a rise in sales, you can continue using it and vice versa. The convenience of Shop Pay starts from how easy a way it is for you to generate additional income before it starts saving time and money for your customers as well.
Few frequently asked questions about Shop Pay
🌟 Shop Pay FAQ
✅ What is Shop Pay?
Shop Pay is an accelerated checkout service that enables customers to save their email address, credit card information, & shipping & billing information so that they can complete their transaction more quickly the next time they are directed to the Shopify checkout.
✅ Is shop Pay safe to use?
Yes, Shop Pay is secure. Shop-Pay servers are PCI-compliant and secure for storing credit card information. End-to-end encryption is used to ensure that payment and personal data are not intercepted while in transit.
✅ Does the shop pay charge a fee?
There are no hidden fees, interest rates, or late fees. You can pay off your balance early without incurring any penalties.
✅ Does the shop pay do credit checks?
No, checking your eligibility for Shop Pay Installments does not affect your credit score.
✅ Can you use shop pay anywhere?
Shop Pay is available to customers worldwide, on any device or browser.
✅ How do I turn off shop pay?
➤In your Shopify admin, go to Settings > Payments.
➤Click Manage on the Shopify Payments section.
➤In the Shop Pay section, uncheck Shop Pay.
Should you really try this Shop Pay payment method?
You must have heard market leaders in all sales-related files saying that the true secret to success in sales is not a thousand new customers every day but 500 loyal customers who come back to you every few days.
Converting the 1000 new customers to join the group of 500 loyal ones every day is the way one can achieve absolute success.
That is exactly what Shop Pay is all about. Create a loyal customer base for any product or service by adding Shop Pay to your web store today.🤞🤞
Shop Pay is a convenient payment method & checkout solution for Shopify customers.
- Excellent Payment Tool
- One-tap checkouts
- End-to-end security
- Improves conversion rate
- SMS text verification
- Interest-free installments
- Greener deliveries