Source: Shop Pay Is the Fastest and Best-Converting Checkout Experience on the Internet As a result, this makes for a better customer experience, which promotes customer loyalty. That is also why Shop Pay can allow customers to check out 70% faster than a standard checkout process and has resulted in a 1.72 times higher conversion rate. This amazing checkout solution can store customer payment information entered on a store’s checkout page, so you don’t have to re-enter your billing or other details many times for your next purchases. The system is designed to be used by businesses of all sizes, from small shops to large retailers. What is Shop Pay? Shop Pay (formerly Shopify Pay) is a fast and secure checkout solution from Shopify, introduced in 2017. Without further ado, here is a comprehensive comparison of the two platforms that every serious entrepreneur should know! Shop Pay Overview – Overall Score: 4,5/5 India ( not available for personal use )ĪUD, EUR, CAD, USD, CZK, DKK, HKD, JPY, NZD, SGD, SEK, CHF, and GBP.ĪUD, BRL, CAD, CNY, CZK, DKK, EUR, HKD, HUF, ILS, JPY (do not support decimals – per transaction limit: 1,000,000), MYR, MXN, NOK, NZD, PHP, PLN, GBP, RUB, SDG, SEK, CHF, TWD, THB, USD.Democratic People’s Republic of Korea (North Korea).In other words, Shopify Payments is the foundation that Shop Pay is built on.įor both online and brick-and-mortar retailers

Shopify Payments is the default payment method for Shopify stores, while Shop Pay works with Shopify Payments to speed up the checkout process. On the sidelines: We understand that there might be some confusion when it comes to “Shop Pay” and “Shopify Payments,” so we want to pause a moment to spell out the differences between the two. Besides, if you feel like one of them suits your needs, then simply scroll down to learn more about its overview, pros, cons as well as its transaction fees! This way, it will be easier to reference back when you need it. Here is a quick overview table between Shop Pay vs PayPal based on supported countries and currencies to consider. 3 – Payout Schedule of Shop Pay vs PayPal.2 – Shop Pay vs PayPal: Cost of transaction.1 – Processing speed (aka checkout customer experience).Shop Pay vs PayPal: Which one is better?.Shop Pay Overview – Overall Score: 4,5/5.

Paypal credit card review