Shopify payments - 5-minute hands-on guide to get started

Doing e-commerce on Shopify, the payment collection method is the most concerned issue for every merchant, which is about the security of cash flow. Among the many collection channels, Shopify Payments can be said to be the preferred tool. It not only simplifies the collection process, but also provides lower transaction fees and flexible payment methods, especially suitable for new sellers who have just started. As a passerby, I highly recommend it for smoother collections.

What is Shopify Payments

Shopify Payments is Shopify's own payment tool, by eliminating the hassle of a third-party payment gateway, customers can easily complete their payments with just one platform.Shopify itself doesn't do payment gateways, it doesn't have a payment license for the time being. However, in order to integrate the payment process, they have long talked to thestripe cooperation, with technical support and gateway collaboration provided by stripe. Andstripe is currently the second largest acquiring channel in the world., second only to PayPal, if theYour main sales countries are in the United States, Europe and other countries, it is even more necessary products!The

It supports a wide range of payment methods, including credit cards, Apple Pay and Google Pay, so no matter what payment method your customers use, you can take care of it all together. It's especially suitable for newbies to save money and less fuss!

How to Receive Money with Shopify Payments

First of all, it's a bit of a hassle for merchants on the mainland, as it's currently unsupported for mainland merchants (and Stripe doesn't support it either).Mainland merchants usually require an offshore entity, e.g. Hong Kong, Taiwan, UK, US, etc.

Taking "Hong Kong Special Administrative Region" as an example.After you sign up for shopify, specifically the following points need to be prepared:

1. open an account
   • fundamental requirement: Complete identification information, business license (depending on country requirements) and bank account information are required.
   • National restrictions: Currently only available in selected countries, mainly North America, Europe and some Asia-Pacific regions. For merchants in these countries, there will be no need to pay additional fees for third-party payment gateways.
   • Operational constraints: First of all, Black Friday-type products, gray industry-type products, are not suitable, and you wouldn't consider a platform like Shopify. But even so, there are still sensitive categories of products that will likely be windfall. See the end of the article for detailsAttached list of prohibited servicesThe
   • Bank account restrictions:
     • The bank account is a denominated demand deposit account with a bank located in Hong Kong SAR and in HKD currency.
     • The payee name and legal entity must match the name and account type of the associated bank account.
       • If you operate a sole proprietorship or individual company, you must attach a personal bank account with your personal legal name as the payee name.
       • If you operate a business in the nature of a body corporate or partnership, you must attach a business bank account and use the business name as the name of the payee.
   • Personal Information Request:
     • Individuals who create Shopify Payments accounts
     • Businesses associated with a Shopify Payments account
     • Individuals who ultimately own or control the corporation, including owners or officers of the corporation with legal signatory authority over the corporation
2. Setting up payment options
   • In the "Payments" section of the backend, make sure your Shopify Payments is activated. You can also enable other payment methods to supplement it, such as PayPal or Amazon Pay, in order to meet the needs of different customers.
   • Specific operations:
     • In the Shopify backend, go toset up > disbursementsThe
     • exist Shopify Payments In the section, clickmanagerialThe
     • View the rates that apply to different payment methods.
3. Validation and compliance checks
   • Depending on the region, Shopify may ask you to complete KYC (Know Your Customer) verification. Provide true identity information and store-related documents to ensure a smooth review.
   • Verify the message file type:
     • Identity document:
       • passport
       • ID card: front and back need to be scanned
       • Certificate of registered matters
       • tax exemption certificate
       • Vietnamese Refugee Certificate
     • Address File:
       • ID card: front and back need to be scanned
       • Certificate of registered matters
       • Utility bills
       • bank statement
       • Phone or cell phone bill
       • Insurance company statements
       • Documents issued by governmental or judicial bodies
       • leases
       • Contracts for the sale of property
       • University bills or letters
     • Corporate/Entity Documents:
       • Excerpts from the Business Register
       • Certificate of Incorporation
       • Business Registration Certificate

Shopify is a bit of a hassle to audit, but for his corresponding revenue, I think it's totally worth it. A payment method with low fees and wide support, who doesn't love that? And with a quick payback cycle, you can rest assured that you'll be able to focus on your supply chain and branding to make your shopify journey smoother.

Finally, it is clear that policies and wind controls are updated in real time, and this article does not necessarily represent the latest information, so be sure toFollow shopify's official guidelines for the Hong Kong Administrative Region, for the best possible experience.

common problems

Shopify Disabled Services List

The following excerpt is taken fromShopify's official website has a list of banned servicesThe list may be updated or added at any time. In addition, once shopify official wind control of your domain name, or related services, generally there is no warning of this statement, you will directly receive an email to inform you of the things are banned. no warning, so, be care of your property.

• Financial and professional services
• Investment and credit services
• Securities brokerage; financial or mortgage counseling or debt reduction services; credit counseling or repair; real estate opportunities; loan instruments
• Financial and legal services
  • Money transfer services, check cashing, money transfers, wire transfers, escrow, currency exchanges or dealers, bail bonds, collection agencies, law firms for purposes other than for payment of service fees (e.g., law firms cannot use Shopify Payments to hold client funds, clear or dispute funds, etc.)
• Virtual currency or stored value
  • Virtual currencies (e.g., bitcoins) that can be monetized, resold or converted into physical or digital products and services or otherwise leave the virtual world; stored value or credits maintained, accepted and issued by anyone other than the seller
• Intellectual property infringement, regulated or illegal products and services
• Adult content and services
  • Pornography and other obscene materials (including literature, images, and other media); sex toys or products; websites offering any sex-related services, such as prostitution, companionship, pay-per-view, adult chat services, mail-order brides, and erotic dating sites
• Counterfeit or unauthorized goods
  • Sale or resale of unauthorized brand name or design products; sale of goods or services illegally imported or exported
• ghostwriting service
  • Ghostwriting and essay writing services
• gamble
  • Lotteries; auction bidding fees; sports predictions or odds making; fantasy sports leagues with cash prizes; internet betting; contests; sweepstakes; games of chance
• Intellectual property or proprietary rights violations
  • the sale, distribution of, or access to counterfeit music, movies, software, or other licensed materials without proper authorization from the rights holder; any product or service that directly infringes or contributes to the infringement of a trademark, patent, copyright, trade secret, or third party's proprietary or privacy rights; the use of Shopify Intellectual Property without express consent; the use of the Shopify Trademarks without approval of Shopify Trademark Usage Guidelines or otherwise damaging the Shopify's use of the Shopify name or logo in connection with the Shopify brand; conduct that suggests a false endorsement or association with Shopify
• Regulated or illicit products and services
  • Marijuana dispensaries and related businesses; sales of tobacco, e-cigarettes, and e-cigarette oils; online dispensaries; contact lenses; age-restricted goods or services; weapons, weapon parts, and ammunition; gunpowder and other explosives; fireworks and related merchandise; products or services with regional legal differences; and goods or services that are unlawful in the jurisdiction of the law for which your business is conducted
• sanction
  • Use the Payment Services or Shopify Payments in the interest of any country, organization, entity or person subject to any government embargo or blockade, including any person/entity on a government sanctions list
• Other products or services prohibited by law or by financial partners
  • funds aggregation
    • Engaging in any form of licensed or unlicensed fund aggregation activities, factoring or other activities designed to obfuscate the source of funds
  • Any product or service that provides peripheral support for a product or service that is considered illegal in the Hong Kong SAR of China
  • Any sale of advertisements for products or services that are considered illegal in the Hong Kong Special Administrative Region of China; the sale of any products for which payment is made for such products or services
• drug paraphernalia
  • Any equipment used for drug use or manufacture, such as pipes, vaporizers and hookahs
• Embassies, consulates, other foreign governments
  • Sales for the benefit of non-Government entities of the Hong Kong Special Administrative Region of China, including consulates and embassies
• High-risk operations
  • bankruptcy attorneys; computer technical support and IT help desks; travel reservation services and clubs, airlines, airfare and cruises (excluding day trips that offer a small upfront payment); timeshare vacations; prepaid calling cards, phone service and cell phones; telemarketing, telecommunications equipment and telemarketing; freight forwarding; negative response marketing; credit card, foreclosure and identity theft protection; lead generation; loan services with credit payments ; any business that we believe carries a higher level of financial risk, legal liability, or violates Card Network or Bank policies; any business that (a) engages in, encourages, promotes, or celebrates unlawful violence or bodily harm against people or property; or (b) engages in, encourages, promotes, or celebrates unlawful violence against groups of people on the basis of their race, religion, disability, gender, sexual orientation, national origin, or other immutable characteristics
• multilevel marketing
  • Pyramid Schemes, Network Marketing and Referral Marketing Programs
• fake medicine
  • Pharmaceuticals and other health claim products that have not been approved or validated by the relevant local and/or national regulatory bodies
• Products that decode, descramble or jam signals
  • Sales of products for decoding or descrambling; cell phone signal jammers
• Social media activities
  • Selling social media activity in the form of Twitter followers, Facebook likes, YouTube views, Instagram followers, etc.
• Substances designed to mimic illicit drugs
  • Sale of legal substances with the same effects as illegal drugs (e.g., sagebrush, caffeine)
• Use Shopify Payments in a manner inconsistent with the intended use of the Payment Services or as expressly prohibited in the Processor Terms.
  • Use of Shopify Payments primarily as a virtual terminal (e.g., manually entering card information to submit a transaction); processing with no actual goods or services sold, or donations accepted; card testing; evading the card network's denial monitoring program; sharing cardholder information with another merchant for payment or cross-selling purposes
• Video game or virtual world points
  • Selling in-game currency, unless the merchant is a virtual world operator
• Unfair, predatory or deceptive behavior
  • Any person who reflects or represents the accuracy of any information, service, advice or guidance provided by him or her through the Merchant