As a result, Shopify merchants will be able to accept and manage Visa, MasterCard and American Express payments directly through Shopify instead of having to go through a third-party payment gateway.
In addition to seamless integration with Shopify, Shopify Payments provides access to a series of capabilities including: • setup and approval: New stores are automatically set up with Shopify Payments so merchants can start selling immediately;• payment tracking: Payment information will be available from within Shopify. Store owners can track their active payment balance and upcoming payout schedule and can be notified by email when funds hit their bank account;• integration: Within Shopify, payments will be synced with their corresponding orders;• chargeback recovery: For any chargebacks received, Shopify automatically provides responses custom-generated from the order, shipping and customer details of the disputed charge.
Shopify Payments leverages Stripe technology and will be available first to Shopify stores in the US, with Canada and other countries to follow shortly.
Shopify allows entrepreneurs to open up their own online shop and distribute their products online. So far, more than 50.000 merchants have sold millions of products via Shopify.
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