Shopify Payments
Shopify Payments is the simplest way to accept payments online. It eliminates the hassle of setting up a third-party payment provider or merchant account and having to enter the credentials into Shopify. With Shopify Payments you're automatically set up to accept all major payment methods as soon as you create your Shopify store.
If you already use a direct third-party payment provider, then you can also use Shopify Payments alongside your existing provider to offer additional payment methods such as Shop Pay and local payment methods, and to recover failed transactions.
When you use Shopify Payments, you aren't charged third-party transaction fees for orders that are processed through Shopify Payments, Shop Pay, Shop Pay Installments, and Paypal Express, and you aren't charged transaction fees on manual payment methods such as cash, cash on delivery (COD), and bank transfers.
Stores on the Shopify Plus plan that use Shopify Payments as their sole payment provider have their third-party transaction fees waived. If you use Shopify Payments alongside a third-party provider, then transaction fees apply. Learn more about using Shopify Payments with a third-party provider.