The success of a business depends on customer convenience. The more ease customer has throughout their browsing experience, the more likely they’ll return. Payment method plays an important role in the success of the business. Everyone has different preferences when it comes to payment methods.
To make the work of business owners easy, Shopify has introduced new payment methods. Let’s dwell on the specifics.
The majority of people choose net banking and credit cards as their preferred payment methods. Therefore, Shopify has partnered with all the important payment gateways and has inbuilt one-click integrations. Each payment gateway supports all the credit/debit cards and net banking.
Cash on Delivery
Although the majority of people prefer online payment, a few people like cash on delivery for their orders. Thus, it is essential to include that in your payment methods. To efficiently implement the cash on delivery for your business, Shopify has developed an app called- Advanced cash on delivery.
It gives the owners more control over how and when the customers can use the cash on delivery features. For example, some brands offer cash on delivery in selected areas, meanwhile, some brands offer free cash on delivery over a specific amount of the order.
With Shopify, you can easily enable cash on delivery, as the app comes pre-installed.
Buy Now, Pay Later
If your products are expensive and have more average order value, you can offer an easy installment payment method. Giant enterprises with higher average order value usually provide EMI options to make the purchase more convenient for their customers.
This helps the customers who live off paycheck to paycheck buy necessary home amenities and stuff. All you need to do is set up an alternate payment gateway with Shopify.
Google Wallet, Android Pay, Samsung Pay, PayPal, Venmo, Alipay, and Walmart Pay are the most used mobile wallets in the USA. In 2020, 44% of the total US citizens used mobile wallets as their preferred payment method.
However, Shopify does not offer direct integration of the wallets, you can ask your preferred payment gateway provider to enable their wallet for your website.
Shopify partnered up with Facebook to launch a new payment gateway called ShopPay that will allow brands to sell their products across Facebook and Instagram. Shopify claims that ShopPay is 70% faster and has a conversion rate 1.7 times more than the regular payment gateways.
Additionally, Shopify will allow its users to directly purchase the tagged products from Instagram and Facebook, and the users can complete their payment process with the Shop pay option. Just like any other payment method, customers will receive a confirmation code on their phone, and only after entering the code, they’ll be able to complete their transaction without leaving the respective social media platform.
In conclusion, Shopify is making the eCommerce experience easier for its merchants by implementing all the latest and convenient features. Payment method is one of them. With the third-party payment method, the consumers can easily make the purchases and have a seamless experience on your eCommerce website.
If you are looking for a way to enhance your eCommerce business, you are at the right place. The experienced developers at USA commerce will ease your worries and help you enrich your business. Contact us now and kickstart your project.