Chapter 13 of Shopify Instruction Series - Setting Up Payments

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Begin your Shopify 14 day free trial here: https://goo.gl/yoVxdf

The Dropshipping Database your competitors wish they had access to - Worldwide Brands has been researching dropshippers from all over the world for over 17 years. Click here to see a test drive

Hello, everyone. 

In this lesson you'll learn how to set up your ability to take payments. 

As mentioned in Chapter 9, most merchant account providers require you post a clear Terms of Service, Privacy Policy, and a Refunds and Return page on your website. 

Keeping a merchant account clean without too many chargebacks and problems requires a lot of good contact with customers, clear shipping times, and order tracking. Most customers just want an assurance from you that their order is coming. A merchant account is something you'll want to carefully handle by always being proactive with customers. 

Step 1) Click on Settings in your Admin Dashboard. 

Click on Payments. 

The first box you see is the Stripe/Shopify payments area. Click on the Complete Account Setup button. 

 Fill out your company type, name, tax id, and address. It also asks you for your personal information. 

Scroll down and fill in your phone number and banking information. You'll also see how your company's name will appear on the customer's credit statement. The bank account is where you'll receive deposits of your sales after Stripe merchant account takes their percentage of service fees. Also fill in your average sale and average shipping time. 

Tip: Your credit card percentage of sale fees from Stripe can be decreased later by choosing a higher costing Shopify hosting plan. I always start with the cheapest one first to make sure it's something I want to continue. 

Click on Complete Account Setup button, and you should see a screen that tells you your Shopify store is ready to start taking payments. 

 "Your store accepts payments with Shopify payments. View the Terms of Service" is the message that tells you all is good and ready to go. 

Tip: Stripe and Shopify payments allow you to accept Apple Pay as well. Excellent!

Look below the Paypal box, and you'll see the Amazon Pay option. 

Click on the Activate button. 

Tip: It's very much worth your while to add Amazon Pay to your store because anyone who has an Amazon account can use it to purchase from your store. 

You'll see a screen that says "Create Account." Choose either "Create a New Signin" or "Use existing signin." If you have an Amazon seller account or Amazon Handmade account, sign in using that. 

In the Configure your Account screen, make sure you leave all the same but copy and paste the URL for the Privacy Policy you created in a previous lesson on creating pages.

Click Next.

You'll see the Transfer Your Credentials screen and will be told your merchant account is ready. Click on Transfer Credentials To Shopify button. 

The screen now says "Your store accepts payments with Amazon Pay."

Under the Alternative Payments, you can choose to accept payments from other payment providers if you wish. 

If you want to offer customers some Manual Payments options such as Fax, Money Order, or COD you can use the Manual Payments section. 

If offering them the Fax option, ask a customer to provide the information needed from their order. 

Ask them for: 

Name, Billing Address, Shipping Address, Phone Number, Items they want, credit card number, credit card expiration date, CCV number from the back of their credit card. 

Also be sure to give them the fax number where they can fax their order. 

If you want to allow them to send you a money order, provide them with payment instructions where they can mail their payment. 

If you want to provide a choice for them to pay COD (cash on delivery), provide them with the information they'll need to provide when the delivery driver arrives. 

In the next lesson, we'll take a few quick steps to make sure your customers feel safe about ordering from you. 

Soon, you'll be adding products. Almost ready to start selling! 

See you then, 

Lynne

If you would like to watch the video for this lesson, you can watch it here: 

 

Begin your Shopify 14 day free trial here: https://goo.gl/yoVxdf

The Dropshipping Database your competitors wish they had access to - Worldwide Brands has been researching dropshippers from all over the world for over 17 years. Click here to see a test drive


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