Summary of Reddit Comments on "shopifypayment"

Shopify's Integration of Crypto Payments

• Shopify's new feature allows consumers to pay in USDC & cryptos, enabling merchants to avoid fees from traditional payment processors like Visa and Stripe (usually around 3%).
• Commenters express excitement, with statements like "This is huge!" and "This is a huge step."
• There are concerns about Shopify's customer service, long wait times for orders, and last-minute rate changes, indicating areas for improvement in overall operations.

Pros and Cons of ShopifyPayments

• ShopifyPayments is highlighted as essentially a rebranded version of Stripe, offering benefits such as avoiding the 0.5% non-Shopify gateway fee compared to Stripe.
• Some users prefer ShopifyPayments over PayPal due to horror stories related to funds being locked up by PayPal.
• Other popular payment gateways mentioned include Coinbase for cryptocurrency, PayPal for international use, Stripe for developer-centric features, and 2Checkout for its robustness and low-cost fee structure.
• Additional payment options like Buy Now Pay Later tools (e.g., Sezzle, Klarna, AfterPay), ApplePay, and QuadPay are also recommended for consideration, each with its own set of fees and benefits.

Tips for Managing Payments on Shopify

• A2X support is recommended for reconciling payouts and transactions from different payment providers for seamless integration with accounting software like Xero.
• It's advised to maintain a separate business bank account for Shopify transactions to streamline financial reconciliation.
• Suggestions are made to refer to external resources like Whidegroup's article on Payment Gateway Integration for more insights on popular payment gateways.

This comprehensive summary provides insights into the integration of crypto payments on Shopify, comparisons between payment platforms like ShopifyPayments and Stripe, and recommendations for managing payments efficiently on the platform.