Before you start making money from your online store, it is necessary to connect a payment processor to your site. Processors are services that allow online stores to take online credit card/debit card payments from their customers. These are the online versions of credit/debit card machines. With both Magento enterprise and Spotify plus, you can connect a payment processor to your site in just a few clicks. This will enable you to start receiving money from your customer.
There is an easy and quick to set up feature on Shopify that allows you to manage payments from your customers in your user dashboard directly. Shopify is the first e-commerce platform to introduce their own payment processor on the market. This portrays them as a platform that looks after their customers and a platform that is ready to give users up to date features.
There are 100 different other gateways for payment on Shopify, and these include Amazon Pay and PayPal. If you use one of these payment gateways, you will be charged a small transaction fee that ranges from 0.5% to 2% on every sale. You can wave goodbye to being charged a transaction fee if you use Shopify Payments. This will help you to make more money. You will also have the opportunity of tracking your money in real-time. This will keep you updated with payments easily and quickly.
You will need to go through the marketplace to access the payment processor options when using Magento. This can make the process of setting up your payments to be more drawn out. However, it is quite easy too. The major payment processors such as Stripe, Amazon Pay and PayPal are supported on Magento. There are 148 integration apps for payment in their marketplace. This can be hectic to find what you want because they often look similar.
Magento offers you with a wide range of payment processors that are supported in different countries. This can be great for you if you want to take your business to the international level and connect with customers who speak other languages.
If you want a platform that will allow you to set up processors for payment quickly and easily then you should go for Shopify. They will waive your transaction fee if you use their own processor, i.e. Shopify Payments. Magento takes the day if you want to take your business to the international market and use multilingual processors.