Shopify opens up more third-party payment methods

July 5, 2021 by
Sanne Leenders
Shopify

Shopify has revealed its new Payments Platform. It is a way to integrate third-party payment gateways into Shopify Checkout. Thus, merchants can add them as payment options for their customers. The payment gateways can be created as Shopify apps.

The new Payments Platform was announced by the company during its annual Shopify Unite event. The new platform will replace Shopify’s legacy integration points. Moreover, it will allow third-party payment providers to create payment gateways as apps. Ultimately, this opens them to a broader ecosystem of gateways that offer niche functionality. In addition, it brings new business value to merchants by helping them sell more, in more places.

Faster checkout

The company has also made its checkout faster. Any online retailer can now handle the capacity of tens of thousands of purchases per minute. It may seem like a lot, but the company says their objective is to give each shop owner the ability to handle as much sales volume as they served at the peak of Black Friday and Cyber Monday.

Checkout Extensions

Furthermore, with the introduction of Checkout Extensions, developers can build apps into Shopify Checkout. These checkout customizations will also work in Shop Pay. The conference had more great news for developers. Following similar moves by Apple, Google, and Amazon, the company reveals it will lower its cut of developer revenue across the Shopify App Store and the new Shopify Theme Store.

0% commissions

Lastly, developers will now pay 0% (instead of 20%) revenue share for the first one million dollars they earn annually on the platform. This one million mark resets annually.

Tagged with:
PayPal payment service most offered in Italian e-commerce
PayPal Payment service is offered in 93% of Italian online stores, according to research presented by ecommerceDB.  The research took into account the top 100 online stores in 43 different...
January 7, 2022
Blockchain payment methods for e-commerce: Myths and realities for 2022
Blockchain payment methods, from a technical perspective, work perfectly well for any e-commerce. Yet the reality of e-commerce in 2021 was that of a market that barely used blockchain payment...
December 27, 2021
APEXX and Worldline partner to provide 12 Buy Now Pay Later platforms globally
London, 15 December 2021 – APEXX Global, (APEXX), the multi-award-winning global payments platform, has announced a long-term strategic partnership on Buy Now Pay Later (BNPL) with Worldline, a global leader...
December 16, 2021
Top crossmenu

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close