I’ve received a lot of question as regards the Shopify payment gateway for Nigeria merchants.
As a result of this I’ve come up with this post as an answer to this question.
What is payment gateway and how does it work?
Payment gateway is a software or app that transmits transaction information to the receiving banks and also the response from the sending bank. (such as whether a transaction is approved or declined)
For example, when a buyer purchases a product. His or her issuing bank sends funds to the seller’s Payment processor. Which in turn disperse the funds to the merchant.
So basically what they do is they facilitate communication within banks.
When it comes to Shopify payment gateway their popular payment processor is Shopify Payment and PayPal. And this might not be the best option for merchants that are selling in Nigeria.
However, at that, an exception is made for Nigeria merchants and this is Paystack.
As we all know Shopify is a hosting website that provides software tools for online retailers including storefronts, checkout apps, and payment processing.
Paystack’s payment processor makes it possible for Nigerian merchant using Shopify to receive payment from customers. Using local and international payment method.
Paystack is integrated with shopify and support stores that have Naira as their default currency. And it also allows your customers to make payments using any method of their choice either through MasterCard, Verve, Visa or direct bank deposit.
Paystack who are they?
Paystack is a Nigeria based Fintech Company. And a revolutionary e-commerce payment system that allows businesses to accept payment from customers all around the world.
Paystack was launched by Ezra and Shola Akinlade in January 2016. Their mission is to create a unique interaction between business and consumers.
Quickstep on how to integrate your Paystack with your Shopify account.
Create an account with Paystack. Mind you, while creating an account you will be required of either a corporate account with matching names or a certificate of incorporation.
Integrate your account with Shopify. To do this you have to log in to your Shopify account and click on the payment section. You should see “Enable payment gateways to accept credit cards, PayPal and other payment methods during checkout”. Click on Paystack in the drop-down menu.
Here is the final step. You need to activate the Paystack on Shopify by copying your API keys from your Paystack account to your Shopify account.
You can see this on your Paystack dashboard. When you log in click “developer/API” copy the required key and paste it on Shopify to activate your payment gateway.
In conclusion. I believe using Paystack means you want to sell in Nigeria because presently Paystack only support Nigeria currency.
If you want to sell abroad, that is receiving payment through dollar I’ll suggest you make use of a different payment gateway.
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