Shopify is an electronic commerce platform that connects sellers and buyers. It is strictly an online channel for selling products and services with guaranteed features such as no code requirement, it is 100 percent free, and it makes transactions as simple as ABC. This online commercial platform is headquartered in Canada, and It provides its Services to the Public and all around the globe within its establishment for over 12 years. Let us see doe Shopify accept prepaid cards.
Does Shopify Accept Prepaid Cards?
Shopify is unique in every sense for the kind of services it provides as one of the largest online shopping platforms where you can provide services to multiple countries all across the universe at a go. Yes, shopify do accept prepaid cards. Prepaid cards are accepted for payments in most cases except for your subscription to Shopify because it is not accepted in most cases. One of the major features includes a free – trial of 3 days before a decision is made to sign up either on their website or through a mobile app download. This, in essence, has made Shopify stand out with other quality features of flexibility (easy to use), allowing a larger scale of sellers, and payment fees.
Shopify Payment Methods
Shopify has made shopping easy for most merchants providing the most simple and best platforms to make payment easy. With Shopify, there are largely two (2) ways of accepting payments. It is either by cash (the offline means) or bank transfer through which you can accept payment using popular payment types such as PayPal, or Google Pay with no fee inclusive except for a transaction fee when you make a sale.
Highlighted Factors to consider in Choosing your payment method
- Availability to the worldwide coverage: This means that Shopify has granted access to the worldwide space where you can have customers all across the space despite your location.
- Experience of customers’ shopping: You provide a method to ensure that your customers’ shopping arrives result being a memorable one.
- Acceptance of payment cards: Not all cards are accepted everywhere, you must carefully consider choosing certain cards that operate in almost every region.
- Where your targeted audience is located geographically: Where ever your target audience is located, Shopify payments do not work everywhere, one must consider the customer’s location before opting for the payment method.
Type of Prepaid cards
These are alternatives to the use of debit and credit cards that are linked to a bank account that they can use to make payments, but it works in a way that cash must be front-loaded on them before use. However, for prepaid credit card users, there are usually required to pay common fees, which include transaction (transfer) fees, Maintenance fees every month, etc. Cards that are prepaid could be in the form of Credit Cards or Debit Cards. Types of prepaid cards include MasterCard, Visa, Green dot, America Press, and so on.
It is also important to note that prepaid cards are not linked to bank accounts debit or credit cards.
How to set up payment option for prepaid cards on shopify?
The option of payment provided for its users is known as Shopify Payments. Alternatively, the option of a third-party service provider is available. In some cases, the payment option of prepaid cards could also help to improve and promote sales.
In setting up your payment option to accept prepaid cards on Shopify, kindly follow through this process below;
From Shopify Admin, click Settings > Payment types.
Then, in the Payment type Section, select your preferred payment type option (Prepaid Card) Input the required information of your payment type option > Click SAVE.
The Cost of Prepaid cards payment method on Shopify
Shopify can indirectly be named Shopping simplified. The reason is that it cost you nothing much of your money. Although, for the users of prepaid credit cards, there are charges attached to your payments in which you’re required to pay at a subsidized rate. A subscription plan periodically depending on the plan you opted for which are Basic Shopify, Standard Shopify, and Advanced Shopify.
Differences between Gift Cards and Prepaid Cards
The major highlight of their differences is that gift cards are useless once the dollar in them is exhausted unless it is refunded, but prepaid cards are long-lasting and Eternally. Also, gift cards are only used to buy items, but prepaid cards can be used to purchase items and make payments as well.
Conclusion
On a final note, Shopify is easy to use, safe, and secure platform as explained in the introduction, it provides a very good user interface for its users as well, especially with the process of making payments. Alongside, Shopify users should always strive to make it easy by providing a piece of detailed information about their products and payment methods flexible enough to maintain customer loyalty.
(FAQ)
– Who can use Shopify?
Shopify is open to people either individuals or corporate bodies, whose sole aim is to carry out business transactions. However, at the point of creating an account, Shopify can decide to decline it for whatever reason not known to the user.
– Are prepaid cards Safe?
On a general note, it is safe. It offers protection if lost or stolen according to the enacted rule by the Consumer Financial Protection Bureau (CFB) and it provides the ability to detect any fraudulent activities through the means of Address Verification System (AVS) and Card Verification Value (CVV)
