Dropshipping is a business model in which ecommerce entrepreneurs sell products without having to carry any inventory. When a store owner receives an order from a customer, they simply contact the supplier, who will then ship the products directly to the customer’s doorsteps. Dropshipping is a great way to start an online business with little upfront investment. One of the most important decisions you’ll make when starting a dropshipping business is choosing a payment processor. In this article, we’ll take a look at Shopify Payments and see if it’s a good option for dropshippers.
What is Shopify Payments?
Shopify Payments is a payment processing service that allows you to accept credit card payments on your Shopify store. You can use Shopify Payments to accept payments from customers in over 180 countries.
Shopify Payments is a quick and easy way to start accepting credit card payments on your Shopify store. There are no setup fees or monthly fees, and you can start accepting payments as soon as you create your Shopify account. You can use Shopify Payments to accept payments from customers in over 180 countries.
Can You Use Shopify Payments For Dropshipping?
Shopify Payments is a great way to take payments for your dropshipping business. You can use Shopify Payments to accept credit cards, debit cards, and PayPal.
If you’re using Shopify Payments, you’ll need to set up a payment gateway. To do this, go to Settings > Payment Providers and select Shopify Payments.
Once you’ve set up your payment gateway, you can start taking payments for your dropshipping business!
How to Use Shopify Payments For Dropshipping
Dropshipping is a business model in which ecommerce entrepreneurs sell products without having to carry any inventory. When a store owner receives an order from a customer, they simply contact the supplier, who will then ship the products directly to the customer’s door.
Shopify Payments is a payment gateway that allows Shopify store owners to accept credit card payments from customers. In order to use Shopify Payments, you must first be on a paid Shopify plan. You can then enable Shopify Payments in your settings.
If you’re dropshipping with Shopify Payments, you’ll need to take the following steps:
1. Set up your shopify store and connect it to Shopify Payments
2. Find a dropshipping supplier and add their products to your store
3. When you receive an order from a customer, contact the supplier and provide them with the shipping information
4. The supplier will ship the product directly to the customer’s door
Pros and Cons of Using Shopify Payments For Dropshipping
There are a few things to consider when deciding whether or not to use Shopify Payments for Dropshipping.
The first is the fees. Shopify Payments has a 2.9% + $0.30 fee for every transaction, which can add up quickly when you’re Dropshipping.
Another thing to consider is that Shopify Payments is only available in certain countries. If you’re Dropshipping from a country that isn’t supported, you’ll need to use another payment processor.
Finally, you should be aware that using Shopify Payments could put your account at risk of being suspended. This is because Dropshippers often have a high volume of refunds and chargebacks, which can trigger an automatic suspension from Shopify Payments.
Overall, there are both pros and cons to using Shopify Payments for Dropshipping. You’ll need to weigh the pros and cons carefully to decide if it’s right for your business.
Conclusion
Overall, Shopify Payments is a great option for dropshipping businesses. It offers low transaction fees, easy integration with Shopify, and strong security features. Plus, using Shopify Payments can help you qualify for certain discounts and programs from Shopify. If you’re looking for a payment processor for your dropshipping business, we recommend giving Shopify Payments a try.
