When you login to your Shopify store, you may see a new "SHOP PAY" icon in your store's checkout section. Are you wondering what this new feature is?
Shop Pay is, as Shopify puts it, "the fast and convenient way to pay on hundreds of thousands of stores."
The Shopify Pay button originated from these key questions: How can merchants guide customers through the payment process faster and retain their business? How can repeat sale become a more efficient process?
How does Shop Pay Work During Checkout?
Shopify Pay, being an accelerated checkout flow, offers the option during customer's checkout to save their credit card, shipping, and billing information.This rivals other third-party checkout buttons like Amazon Pay, Apple Pay, Google Pay, and PayPal One Touch.
Once your customer opts to check out through Shop Pay, their payments information is saved for future use at your shop and any other Shopify store they visit. In the example below, shoppers can pay via Shopify Pay, Apple Pay, and PayPal.
How to enable Shop Pay in your store?
Enabling Shopify Pay is straightforward - just like how you would any other third-party options such as PayPal or Shopify Payments.
- Head to Settings at your dashboard
- Select Payment Providers
- Go to the Shopify Payments section and select Manage
- Select Shopify Pay in the Accelerated Checkouts section.
- Save your changes, and you’re set.
Once Shop Pay is enabled, your customers will be able to choose the payment method that they fancy most!
Difference between Shop Pay and Shopify Payments?
Shopify Payments is a merchant facing service whereas Shop Pay is a customer facing service.
Shopify Payments lets merchants automatically accept all major payment methods once their Shopify store is live. It is a PREREQUISITE in order to enable Shop Pay.
Shopify Payments appears as the default Checkout button in the screen capture below. Shopify Pay is the branded button with the shopping bag logo.