Shopify Payments
Shopify's built-in payment processor (powered by Stripe). Required for native Shopify checkout.
Definition
Shopify Payments is Shopify's integrated payment-processing system, built on Stripe infrastructure. Accepts US LLCs with EIN and US bank routing. Enables native Shopify checkout without third-party processor integration.
Context
Shopify Payments approval mirrors Stripe approval. Restricted product categories (CBD, certain firearms-adjacent, certain supplements) face the same restrictions.
Example
A Pakistani Shopify store owner's Delaware LLC activates Shopify Payments. KYC clears in 3 business days. US-customer card payments route to the LLC's Wise Business account.
Common pitfalls
- If Shopify Payments rejects, alternative payment gateways (Stripe directly, PayPal Business) are available via Shopify apps but with higher fees.
- Currency conversion happens at Shopify Payments' rate when receiving non-USD payments.