Secure Online Payment Methods: How They Work

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Good news: you can set up most payment methods, such as PayPal and Stripe, in just a few clicks and accept payments right away. Other services may follow different procedures, but the rule is always the same: the sooner you complete the setup of your gateway, the sooner you can start earning online and receiving money in your account.

Payment gateways all work pretty much the same way, but the process for you may be a little different. Depending on your payment method, you may need to sign up in advance. PayPal users, for example, need to create an account to send and receive funds, but not all systems require users to sign up and create an account.

Then, during the online checkout, the system collects the malaysia email list consumer’s credit or debit card information. The credit card information is stored securely with the payment gateway, which then validates the purchase. After that, the payment must be approved: if the transaction is successful, you receive the money in your account and can ship the products to the buyer. Shopify holds the funds for a short period of time (3 days in the US and Australia), after which they are transferred to your bank account.

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Among the most popular payment methods for Shopify Payments are Stripe, PayPal, and Amazon. However, each country has its own list of payment gateways available for online stores.

Some payment methods are prohibited in certain countries. For example, if you live in Afghanistan, Bangladesh, Ghana, or Haiti and operate your business from one of those (and a handful) locations, you won't be able to use PayPal. Or, if your business is based in the United States, you can use Amazon Pay, PayJunction, PayPal, and many others.

To find out which payment methods are available in your country, use this Shopify resource .