Dive Summary:
- Shopify, an e-commerce platform provider, has released a new service allowing retailers to manage and accept payments made by consumers using debit and credit cards.
- The new service, Shopify Payments, was created by Shopify with the help base code provider Stripe. The system will allow online merchants to forego the need of a separate sales transaction processor.
- “With Shopify Payments, merchants are getting all their payment and financial information in the context of the orders that were placed,” says a Shopify spokesperson.
From the article:
When Wurtz first began selling online, he says he was intimidated by the large payment-processing companies he had to deal with because he didn’t understand all the nuances of their services. For example, processing transactions for American Express credit cards typically incurs an extra fee, while debit card transactions cost less than credit cards.
