3 Easy Steps to Integrate Stripe with Shopify

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Stripe-Shopify Integration optimizes checkout and gives consumers a safe, speedy experience. BuiltWith statistics show 3,991,406 websites accepting Stripe payments. Are you a Shopify shop owner considering Stripe but need help figuring out where to start?

Do not worry—we have an answer. There are simple steps to connect Stripe with Shopify in this post.

What Is Stripe?

What Is Stripe?

Since 2010, Stripe has been a payment gateway for direct client payments. According to Forbes, the corporation handled $817 billion in transactions in over 50 countries in 2022, with the U.S. being its biggest market. This payment processor allows E-Commerce enterprises to take Credit, Debit Cards, and more payments online. 

It is a payment method provided by a third party that works with many e-commerce sites. Stripe serves everyone, from individuals to multinational enterprises.

Additionally, it has basic yet effective functionality and features that simplify transactions. The Stripe Payments platform is one of the finest for online companies since owners can set up a free account in minutes.

Who Is Suitable For Stripe?

Most company owners are confused while choosing a merchant service provider due to the market's many options. 

As Linked claims: "Choosing the right payment gateway for your e-commerce is a crucial decision that can affect your sales, customer experience, and security.

To discover whether Stripe is a suitable match for your firm, do the following:

Types of Businesses

Stripe Payments is ideally suited to online retailers, particularly those who sell worldwide. Companies of all sizes use it to accept payments. 

But is this the best option for all business owners? 

Before you decide if Stripe Payment Solutions is the right credit card provider for you, consider your business plan, the number of transactions you make, and the amount of risk you are willing to take

With its simplicity and flat-rate pricing, the service provider may be ideal for startups and low-risk businesses processing around $20k monthly. However, when your company expands, select a standard merchant account provider with solid fraud protection, chargeback prevention, and business-type support.

Geographic Suitability

Although Stripe accepts payments from anywhere globally, companies are now limited to 46 countries (though the Stripe team is continuously striving to add more). 

Take a look at the image below to see if you're in a Stripe-supported country:

 Stripe-supported country

(image source: stripe.com/global)

How Do Shopify Sellers Benefit From Integrating With Stripe?

Adding Stripe to your Shopify store gives you a lot of benefits that can make your eCommerce business run better and give customers a better experience. Here's a detailed look at how this connection helps Shopify sellers:

Real-Time Reporting and Analytics

Real-Time Reporting and Analytics

One of the most notable benefits of integrating Stripe with your Shopify business is the ability to receive real-time data and analytics. Real-time analytics monitor customers. 

According to 'The Speed to Business Value' by KX and CEBR, real-time analytics systems and procedures led to revenue growth for over 80% of organizations.

By evaluating payment performance indicators, you may uncover problems with failed transactions, payment delays, or chargebacks. With this information, you can fix payment concerns immediately. 

Moreover, real-time analytics monitor consumer behavior. You can monitor which goods sell, where buyers drop off, and what motivates repeat purchases.

Increased Payment Options

Increased Payment Options

Stripe found that 81% of consumers leave their basket if their chosen payment option is unavailable.

To circumvent this, Stripe accepts credit and debit cards, digital wallets like Apple Pay and Google Pay, and cryptocurrencies in certain circumstances. As a result, buyers may choose their preferred method of payment, which further streamlines the purchasing process.

Integrated Stripe with your Shopify shop will increase Payment Options for your customers. This change to the checkout procedure may have a significant effect on your online store's revenue.

Furthermore, Stripe's connection with Shopify guarantees that your client's payment information is securely handled. Stripe's PCI compliance eliminates the need to manage sensitive card data, preventing breaches.

Streamlined Checkout Experience

According to a study of U.S. online shoppers, 25% said they didn't finish their purchases because they had to make a new account first.

Buyers want quickness, simplicity, and convenience. As retailers go online due to the pandemic and competitiveness, customers don't want to create a new account.

Stripe's integration with Shopify guarantees that the checkout experience is quick and easy. With just a few clicks, customers can finish their purchases, which makes it easier for them and more likely that they will do so.

Just a few of these cart abandonment solutions with improved checkout design might boost online conversions by nearly 35,26%, according to Baymard Institute.

Enhanced Security

Payment security is the first cart abandonment cause with a sizeable probability-impact gap. Customers must believe you treat their data and payments with the highest safety and care. Most obviously, PCI-compliant text or badging shows ecommerce trustworthiness, but shopping cart design and website design also offer it.

When you combine Stripe with your Shopify business, you obtain additional security features for trust, data protection, and efficient payment transactions. 

This detailed guide covers Stripe integration's advanced security features and practices:

  • Stripe follows the most burdensome payment card security requirements, PCI. For Shopify sellers, sensitive cardholder data is safeguarded to the highest degree.
  • Secure payment data is sent by Stripe using sophisticated encryption. This encryption safeguards sensitive data from unauthorized access.
  • For security, Stripe offers two-factor authentication. User authentication may be added using a one-time code texted to their phone.
  • Stripe's account verification tools may verify your clients' payment authorization. Businesses doing high-value transactions need this.

Integration with Other Services

Stripe connects with Shopify retailers' apps and services beyond payment processing. It accepts money on Shopify, Woocommerce, Wix, Amazon, and others, which is fantastic. Use Stripe as your payment processor if you sell via many channels.

Its straightforward API makes integration with multiple platforms and programming languages easy.

In addition, Stripe may be integrated with customer relationship management software to streamline the administration of client contacts and financial transactions. Personalized customer service and targeted marketing are possible with this complete picture of consumer data.

Way to Sign Up For Stripe

Stripe registration is a simple step that enables you to incorporate this sophisticated payment gateway into your Shopify business. To get started with Stripe, follow these steps:

  1. First, search "Stripe login" in your toolbar or visit https://dashboard.stripe.com/register on the Stripe website.
  2. Then, you'll see the sign-up page on the right screen. 
  3. Now, Stripe requests business details. Fill out your email, full name, country, and password.
  4. When you finish, click the blue "Create account" button.

Way to Sign Up For Stripe

To validate your identity and company, Stripe may request further information. If you live in the United States, this may contain your Social Security Number (SSN) or Tax Identification Number (TIN).

After these steps, Stripe will review your application. The procedure is typically quick. Depending on the type of business you run, Stripe may ask for more proof.

What's Difficult With Stripe Signup?

The Stripe signup procedure is simple most of the time, but you may run into a few snags along the way. Knowing possible issues and how to handle them is crucial:

  • Stripe has a broad reach, but it may only be available in some countries. But don't worry. You can use Stripe Atlas to start a business in the United States from anywhere in the world.
  • Companies in high-risk or regulated sectors may have trouble joining Stripe. These businesses might contain sexual material, gambling, and certain financial services.
  • Though user-friendly, Stripe may cause technical issues during setup. Linking your bank account, establishing payment processing settings, or connecting Stripe with Shopify may cause complications.

Understanding and fixing these possible issues will enable you to sign up for Stripe and utilize its diverse payment processing platform.

How to Add Stripe to Shopify in 3 Steps?

To connect Stripe to Shopify, follow these three steps:

1. Check your Eligibility

First, check your Shopify shop's Stripe integration requirements. Although Stripe is likely to work with your company, it is still important to verify that you are under one of the acceptable industries.

Make sure your company is situated in a country where Stripe is accessible. Check here whether Stripe supports your site before using it. 

Only qualifying countries may utilize Powered by Stripe in the next phases.

Additionally,  ensure your organization follows Stripe's terms of service, including their forbidden products and services. Also, observe Stripe's guidelines for your single proprietorship, LLC, or business.

2. Choose Stripe for Third-Party Credit Cards

After completing step 1, go to the "Settings" on the upper left screen of your Shopify admin panel.

Choose Stripe for Third-Party Credit Cards

Then, you select the "Payment" option in the 5th position on the left side. 

After that,  the "Payment providers" option will appear in the correct box; click on it.  This is seen in the image below: 

Choose Stripe for Third-Party Credit Cards

Next, please type "Stripe" in the payment methods bar.

Finally, click on the results that appear below:

Choose Stripe for Third-Party Credit Cards

3. Activate Stripe-Shopify Integration

The last stage of Stripe Shopify Integration is account verification. Shopify will ask for your Stripe account credentials when you pick Stripe as your payment option. 

After Stripe approval, click Activate to accept Shopify credit card payments. 

That's all there is to it! Stripe and Shopify's integration is now complete.

Note: Customize integration settings after linking Stripe to Shopify. You may need to run a test transaction to integrate fully. Here, you can check transaction processing.

4 Tips for Stripe on Shopify

4 Tips for Stripe on Shopify

Advanced Security Measures

With Stripe as your payment gateway, your Shopify shop needs sophisticated security. Stripe has various security features. Here are tips to maximize these measures:

  • Stripe's two-factor authentication increases security. Enable 2FA for all Stripe dashboard users. This requires users to log in using a secondary authentication mechanism like a mobile device one-time code.
  • Encourage strong, unique passwords for all Shopify user accounts, especially those with access to payment processing settings.
  • Stripe's Radar is effective at preventing fraud. Match Radar settings to your business's risk tolerance and needs.
  • Regularly check your Stripe dashboard for unusual activities. Check for odd activity, numerous unsuccessful payments, or high-value new client transactions.

Scaling Your Business Using Stripe

Stripe offers secure payment processing and functionality to expand your eCommerce business. Tips for using Stripe to develop your business:

  • Seamless Integration: Stripe helps streamline checkout for Shopify sellers of handcrafted products, enabling buyers to use credit/debit cards and digital wallets. Integration may boost revenue and customer happiness.
  • Subscriptions Optimization: Shopify stores selling monthly subscription boxes may use Stripe's subscription billing services to handle recurring payments and give free trials. This may help the business gain loyal customers and maintain income.
  • Global Reach: Shopify-based online clothing stores can use Stripe to accept payments in different currencies, so users from other countries can buy clothes with their own money. This increases the store's consumer base and market potential.
  • Branded Checkout Experience: A Shopify eco-friendly shop may tailor Stripe checkout to match its brand and aesthetics. This may make shopping consistent and trustworthy, encouraging repeat purchases.
  • Fraud Mitigation: Shopify electronics stores may leverage Stripe's fraud protection solutions to avoid high-value fraud. Stripe's superior fraud detection reduces chargebacks and financial losses for the business.
  • Data-Driven Insights: Shopify skincare stores may measure revenue, customer acquisition, and sales trends using Stripe's reporting and analytics. This information may assist the shop in making educated choices regarding marketing strategy and product offers to boost growth.
  • Custom Development Opportunities: A Shopify business that sells customized presents may collaborate with developers to build a bespoke checkout procedure that connects smoothly with their unique product customization processes. This has the potential to improve the entire customer experience and speed up order processing.

Simply put, these tips won't work for every store, so it's essential that you read them over and use the ones that work best for you.

Increase Customer Experience

"Customer experience isn’t an expense. Managing customer experience bolsters your brand" - Author of "What's Your Golden Goldfish" Stan Phelps said.

A great customer experience is key to eCommerce success. Positive and pleasurable interactions with your online business encourage people to click and buy. Here's why strong customer experience drives conversion:

  • Well-designed consumer experiences build brand trust. Customers click and purchase when they feel safe and respected.
  • Detailed product descriptions, high-quality photos, and customer reviews help shoppers decide. These factors increase confidence and purchase intent.
  • Personalizing shopping experiences, such as product suggestions and customized information, helps shoppers feel understood and cherished. Personalization enhances the likelihood of a customer clicking to purchase.

The4 Toolkit is a helpful option for further improving customer experience by allowing Compare and Wishlist capabilities for The4 themes such as Unsen, Kalles, Gecko, and others. These characteristics enable online consumers to:

  • Add their favorite items to their Wishlist.
  • Compare the pricing and attributes of various goods quickly.
  • Return to stored things anytime.

The shopping experience of your Shopify consumers will be boosted and they will be more likely to make purchases when you include the Compare and Wishlist capabilities.

Leveraging Mobile Optimization

In 2024, Insider Intelligence expects mcommerce revenues to reach $534.18 billion, 40.4% of e-commerce.  

As more people purchase from their mobile devices, it's more important than ever to make mobile payments straightforward.  When accepting Stripe payments via your Shopify shop, mobile optimization is essential. Some suggestions for improving the mobile Stripe payment experience:

  • Check your store's checkout page's mobile responsiveness often. This provides seamless functionality across mobile devices and screen sizes.
  • Optimize mobile site pictures and media to speed up loading. Mobile consumers may abandon purchases due to slow page loading.
  • Make sure your Shopify interface is mobile-friendly. The product listings, navigation menu, and content layout are included. Product browsing and finding are easy with a responsive design. 

For Shopify shop optimization, EComposer Landing Page Builder is efficient. Design any page or portion of your site immediately using a live drag-and-drop editor. Landing pages, homepages, collections, goods, blogs, shopping carts, footers, forthcoming pages, 404 errors, and page checkout are all supported by EComposer. 

Below is an extremely simple Shopify interface optimization feature with EComposer:

EComposer Landing Page Builder

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FAQs 

1. Does Shopify No Longer Support Stripe?

No, it isn’t. If Stripe and Shopify are linked, the Stripe option will be removed from your Shopify account. 

However, it is irrelevant whatever country you choose if Stripe is not accessible there. This is likely because Shopify Payments is available in your area, or Stripe is yet to be available there. 

Merchants in the United States may use the payment gateways listed here.

2. How Much Is Stripe For Shopify?

Online payments processed via Stripe Payments are subject to a 2.9% + 30¢ transaction fee. 

There are no hidden costs or additional charges. Get full use of an advanced payment system for a flat rate per transaction. There are no initial or recurring charges, and there are no other costs.

3. Should I Utilize Stripe Or Shopify Payment?

The decision between Shopify Payment and Stripe is based on your demands, purpose, and shop size. However, we will provide some advice.

Since Shopify Payments is based on Stripe, they have a lot of similarities in terms of pricing and the types of payments they take. Both payment gateways enable users to input their cards at checkout. They are not transferred to service provider sites like Paypal or 2Checkout, which helps the store's conversion rate.

Though simpler to use and integrated with Shopify, Shopify Payments is less versatile than Stripe. Stripe is more customizable and better for enterprises with sophisticated payment demands, but it's harder to set up and operate.

However, Shopify Payment may work better than Stripe if you only want to run your business on Shopify. 

Conclusion

To sum up, integrating Stripe with Shopify couldn't be simpler. We have looked at three easy steps to link Stripe with Shopify. Moreover, improves your consumers' purchasing experience and streamlines your payment procedures. Stripe's extensive features enable safe and quick transactions, whether you use a direct connection, Shopify Payments, or a third-party app.

And think about the strength of EComposer Page Builder if you want to take your Shopify shop to the next level. With its interactive drag-and-drop editor, you can easily create and optimize your store's pages, making it easy for consumers to browse, explore, and purchase.

EComposer Page Builder

Integrating Stripe Shopify is easy, and with EComposer's innovative features, you'll have a successful online store in no time. So, utilize these tools and ways to expand your Shopify company and give your customers a secure and simple purchasing experience.

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