How To Lower the Cost of Shopify's Payment Processing?
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- Опубликовано: 8 окт 2023
- Some merchants that use Shopify express frustration over the Shopify percentage based fees that are charged per transaction. In this video David explains why payment processors charge percentage based fees (because of interchange fees and chargeback risk), and why most shopping cart software providers charge a monthly fee, but don't charge percentage based fees. He also discusses some options that some merchants have used in an attempt to lower their Shopify processing costs.
Source: www.merchant-accounts.ca
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Whats the third party integration that takes iver the checkout flow?
I think there are several that can do it. A potential new client on a call yesterday actually told me the name of one, but we didn't spend a lot of time talking about it and I forget what the name of it was. (I realize that's not helpful - just being honest. I didn't write it down and I didn't expect your question on the RUclips notifications when I checked today!).
They did say that the checkout flow didn't look quite as nice, but it did let you work with any payment gateway you wanted. The service that I was referencing in the video is www.foxy.io. It's not built specifically to solve the Shopify problem, but I believe it's still technically possible to use it so that they take over the checkout flow. In general, I love foxycart!
The only downside is that in theory Shopify could shut this down (to any service provider) at any time but limiting their API or turning off the needed functionality. The merchant I was speaking to last night was in EXACTLY the situation discussed in this video, and it sounds like you are as well.
Shopify makes things easy, but it isn't cheap and when you want to get off the rails it can be very difficult.
@@MerchantaccountsCanada thank you for the information highly appreciated!!!