Steps to Create Custom Payment Modes in Shopify

What is the first thing that you see when purchasing from an online write my assignment store? The payment options that you can choose from, right?

It is no different with Shopify.

While some of the customers prefer online banking, there are also who prefer cash on delivery for their orders. But as an owner, how do you ensure to cater to all types of consumers and their payment preferences?

Several studies show that your conversion rate can earn a boost, as high as 71% if you have multiple payment options. But imagine having to set up different payment gateways. Overwhelming, isn’t it?

That is why we at Shopify have made things as easy as plug-and-play.

So, before we delve deeper into how you can set up different payment modes, let us look at what payment modes customers usually seek.

 What are the payment methods that customers usually prefer?

• Credit and Debit cards
• Cash on Delivery
• Wallets
• Netbanking
• UPI
• Bank Transfer
• EMIs

It seems like you have to implement many things, isn’t it?. So if you are thinking about opening an online store on Shopify, it is convenient to offer them all. Here is how:

How to set up multiple payment modes on your Shopify store?

 Setting up cash on delivery payment mode

An app works efficiently with Shopify, especially when you think of adding a cash-on-delivery option to your Shopify store. The app, known as the Advanced Cash on Delivery, gives the owner more control over when and how consumers can use the COD option. The application also looks over the PIN codes COD is available on, configuring COD fees, and the minimum value for selecting the payment method.

You can also add postal numbers of various areas where you offer COD by adding a snippet to your online store theme to allow consumers to check if cash on delivery is available in those areas.

To enable COD manually on your Shopify store, you might have to invest some time longer than using the application, as it involves a series of steps.

Here is what you need to do:

• Visit your Shopify admin portal and then go to Settings> Payments
• Select Manual Cash on Delivery in the Payment providers section
• Then you need to go to Additional Details to enter the credible data you wish to display next to the payment mode
• Next, you need to Add Payment Instructions for the consumer to follow to pay for any order
• Then you can click on Activate

If you are activating COD manually on your Shopify store, please go through these instructions diligently:

1. Use a suggested manual payment mode

So, select from a list of suggested manual payment modes on your Shopify admin’s PAYMENT PROVIDERS settings page.

Steps:

1. Go to Settings> Payment from your Shopify admin
2. In the Payment Providers section, choose one of the available payment methods (for Desktop or Android, or iPhone)
3. In the Additional Details, enter any data that you want to be shown next to the payment mode in your checkout
4. In Payment Instructions, enter your consumers’ data to follow to pay for any order.
5. Click on Activate
6. Create a custom manual payment mode
7. Go to Settings> Payment from your Shopify admin
8. In the Payment Providers section, choose Create Custom Payment Mode
9. In Custom Payment Mode Name, enter what kind of payment method you wish to enter

Shopify reserves the following names, and you cannot use them:

Bank deposit, Cash on Delivery, COD, External Credit, Gift Card, Store Credit

1. In Additional Details, enter the data that you want to be shown next to the payment mode in your checkout.
2. In the Payment Instructions, enter the information that you want your consumer to follow to pay for the order
3. Click Activate

Enabling debit cards or credit cards or net banking or UPI

To make it more convenient for you to offer several payment options to consumers, most payment gateways like PayU Cashfree, RazorPay, Paytm, CCAvenue, and others have built one-click integrations with Shopify. These payment mode providers render most payment modes like debit card, UPI, credit card, and net banking.

To enable third-party payment providers (Stripe, PayPal, Cashfree), you are required to:

1. Visit your Shopify admin portal and go to Settings> Payments
2. And then head over to Third Party Providers
3. Next, you need to click Choose third-party provider
4. Then it would help if you chose the provider that you want to use from the list
5. Enter Your Payment Gateway Account Credentials for the provider that you selected
6. Last, you need to click on Activate

Offering payments through wallets

Many of your buyers will choose to make payments using popular wallets such as PhonePe, Mobikwik, Paytm, Freecharge, and other digital wallets.

You must ask the Payment gateway provider you select to enable those wallets for you. Shopify does not offer direct integrations with these wallets. So to allow this, follow the steps:

1. Select a payment gateway provider
2. Then request the payment gateway provider to enable a digital wallet you wish to use
3. Once you have allowed the wallet, you will be able to accept payments through the wallet

Setting up buy now, pay later

Suppose you typically see a high average order value on your Shopify store, like selling wholesale or high-value items. In that case, you can consider letting your buyers pay for their purchases later using convenient installments.

We have some other Blog : 8 Different Services provided by Shopify Development

Set up the buy now pay later option on your Shopify store using the following steps:

1. Visit your Shopify admin and then go to Settings>Payments
2. Click Choose Alternative Payment in the Alternate Payments Section
3. Choose Sezzle from the list
4. Enter your account credentials for Sezzle (you must have a verified account on Sezzle)
5. Next, you need to click on Activate to enable the provider

Note: In the application, you enable four interest-free payments for consumers over six weeks. For customizations, please get in touch with them.

In conclusion,

While Shopify offers the resiliency to provide as many payment modes as possible, you must look into what your target consumers are looking for. It is also crucial to understand the purchase behavior and enable a payment method that suits your audience the most. The closer you are to recognizing what payment modes they are comfortable with, the more likely they will complete a purchase from your Shopify account.

Author’s Bio: Tucker Max is a content creator at term paper help . He offers assignment help on various subjects and topics here. So, you can contact him for any essay help you require. Simply log in with Essayassignmenthelp.com.au and talk to him directly whenever you feel like it.