Shop Pay is a Shopify tool used by e-commerce businesses to provide a fast and safe online shopping experience to its customers. The online checkout service allows customers to save their payment details, email, addresses, and billing information easily. The stored information is used to autofill checkout fields on return visits to the website. Shop Pay safely stores the information and is only available to stores when an order is placed.
This article is a comprehensive guide for businesses planning to integrate Shop Pay as their primary payment method. Also, it provides answers to Is Shop Pay Safe?
How does Shop Pay Work?
Small businesses can easily enable and disable Shop Pay by changing the settings in their Shopify account. Small businesses can use Shop Pay while using Shopify’s integrated payment processor or while providing it to third-party payment providers. Shop Pay is available to merchants selling their products on Facebook and Instagram.
Though Shop Pay is created exclusively for Shopify, the app is powered by Shop, a virtual shopping assistant to enhance customers’ experience. In simpler words, Shop Pay provides a streamlined payment process for customers during checkout.
Is Shop Pay Safe?
Shop Pay is safe and customer payment details are encrypted and stored on Shopify’s PCI-compliant servers. The information is shared with a business on placing an order. Since Shop Pay manages customers’ sensitive information, thus it follows all the industry practices and standards to meet the highest safety and security standards.
Moreover, the two-step SMS verification code enhances the security by ensuring that Shop Pay is used by the account holder only.
Shop Pay: Check Out Process
- Customers are routed to the order review page at the time of check out. Post authorizing the purchase, the customers will get a six-digit code by text or email. The order will be processed on entering the code successfully at the checkout page.
- When customers return to make another purchase using the same device, they can use the saved information without worrying about submitting all the details again.
- Customers can change their Shop Pay account information and sign out from Shop Pay at any time.
- Shop Pay lets customers choose pickup or delivery options if a business provides those services.
Cards Accepted by Shop Pay
To use Shop Pay, you’ll need these cards:
- Visa
- Visa Debit
- Mastercard
- American Express, etc.
Who uses Shop Pay?
Shop Pay is most appropriate for online businesses as it has the most unique features including quick checkout and customer payment data.
Shop Pay is mostly used by customers making frequent, repeat purchases, as they can make quick purchases. This also reduces the number of abandoned carts. Since Shop Pay supports several languages, including Chinese, Czech, Danish, Dutch, English, Finnish, French, German, and many more, so global customers can use this platform.
What Are Shop Pay Benefits?
If you are confused about whether you should integrate Shop Pay or a similar checkout solution into your eCommerce website or not, look at the reasons below:
1. Enhanced Security
Security is paramount for all eCommerce websites as they manage sensitive information of their customers. Loss or misuse of data results in huge financial losses for customers and for online merchants. Thus, keeping the safety and security of customers’ information in mind, Shop Pay has taken extensive security measures to ensure customers’ billing information remains safe from hackers and unauthorized entities.
The app relies on two-factor authentication and thus sends an SMS verification code to ensure the account holder is the only person using Shop Pay. Hope now you have an answer to is Shop Pay safe or not?
2. Improved Customer Experience
As an online store owner, you look for ways to improve your customer satisfaction. Customers planning to buy a product from your store sometimes change their minds at the last moment once they realize the number of hoops they must jump to complete the purchase. But thanks to Shop Pay, which gives customers the freedom from the hassle of filling out their billing information again and again. Due to quick checkout, Shop Pay offers a better customer experience.
3. Increased AOV
Average order value (AOV) is the money spent by your online customers at your store. Since Shop Pay offers customers an installment option, they can easily buy expensive products as well, which otherwise wouldn’t have had they been required to pay for them outright.
4. Access to a Vast Consumer Base
By using both Shop Pay and Shop (Shopify’s virtual shopping assistant), merchants can target diversified customers. Millions of global customers use this app because of its easy checkout and shipment tracking methods.
5. Improved Brand Credibility
Customers look for transparent solutions while doing online shopping and Shop Pay doesn’t disappoint them at all. It provides complete transparency where costs are concerned, beneficial for customers looking for interest-free installments, zero hidden fees, and no late charges.
Is Shop Pay Safe: Conclusion
If you are looking for a different payment processor for your online store transactions, connect with the expert developers at Kodehash Technologies. Give your customers the perks of quick checkout, improved security, and customer satisfaction by integrating a seamless payment gateway for your online business.
Connect with Kodehash Technologies today and take the first step towards revolutionizing your eCommerce platform with similar technology.