how does stripe shopify work

hey there guys my name is marcus and in,this video i'm going to compare stripe,with shopify,the first thing i'm going to compare or,like share with you,is what is my actual recommendation for,you to use then,i'm going to compare the fee structure,of stripe,and also shopify and then i will talk,about additional features they offer,so let's start now personally i would if,you can use your shopify payments use,shopify payments it's going to be much,more effective than choosing,a different payment processor but what i,would do if i would be you that,okay i would let you use shopify,payments,but then have a stripe or paypal or,something,in a backup why because what can happen,let's say that,uh you have a summer collection and you,gonna sell a new product in summer,and you are earning right now 2k a month,what can happen that let's say that,you're going to jump to 30 40k,a month but right then shopify is going,to stop,like it's going they are going to review,your store if you're not a scam or,something right they're going to stop,uh they're not going to allow you to,sell products it can happen,but then you need to figure it out fast,another payment processor and what will,happen that,you are going to wait to get verified on,i don't know stripe,for a while like one week and you are,going to lose a lot of revenue,so this is why i always recommend if,you're going to choose a one payment,processor,have some that you're not going to use,straight away in a backup that you can,use anytime,this is what i would definitely,recommend for you to do and have it as a,backup,and from year two three years from now,when you're going to be big,you will remember what i said to you and,you will be so thankful because,just this one minute is going to save,you so much money,now let's go further to just payment and,fee structure,so in shopify you have to pay for the,basic account like,okay but let's say you can't use shopify,payments but it's really important that,if you're going to choose,different payment processor than shopify,payments you have to pay,in a basic shopify two percent in the,normal shopify,one percent and advanced shopify 0.5,based on a plan that you're gonna choose,and then why is it important only,because,let's say that you would choose stripe,in stripe you're gonna see that okay,integra,0.4 percent 0.25,cents or 2.9 percent right,and to those let's say that i'm going to,order from the india,let's say i'm going to pay 2. 2.9,percent to strive and also,i'm going to pay another 2 1 or 0.5 to,shopify,so that's like free this is like what,five percent,on a basic shopify and two percent goes,to shopify,and zero point uh three percent goes to,stripe,so this is really important and when you,like compare the online credit card,rates the shopify payments,is 2.9 2.6 and 2.4 here it's zero point,four percent for european card so if you,can have like a lot of orders from,europe,and you know that you are targeted in,germany or uk or,i don't know uk is not already in europe,so it's a,brexit so let's say sweden whatever i,would definitely go with a stripe you're,going to save actually money,so let's say that even here it's 2.6,percent,but let's say you're gonna see,additional fees here for zero percent,i would choose advanced like the shopify,account for 79.,and then i'm going to pay one percent to,shopify then,i'm going to get from european cards one,point four percent i'm like two point,two point four four percent the cents,are really similar,so still it's better comparing to,shopify payments,so you always need to do those this kind,of shenanigans and calculations like,which one is actually better,now to go further the one huge advantage,i personally see,there are more of them to stripe,comparing to shopify payments are these,so you got 135 currencies,in stripe you got it available in more,countries comparing to shopify payments,that's another thing uh two business,days is really similar,uh the payment then you're gonna have,like,integration there are plenty of them,both both customer support is good,but one really thing i like about let me,show you,about stripe is 3d secure,pretty secure that c3 is a method,used to verify customer identity before,an online car purchase,this is really important so if you're,gonna get a lot of orders uh from,scam people etc using stripe is really,effective and really good so that's what,i would definitely recommend for you to,do and,buy this you're going to save also money,now,adaptive acceptance,so they are going to help you 0.08 local,payment methods,sepa direct and that's pretty much,it so i don't know what else should i,share with you so if you can use the,shopify moments,use shopify payments but have stripe in,the backup if you are in a risky,business that can happen that they are,going to stop,they are not going to allow you to sell,the product through,shopify payments in that way i would,just go definitely stripe so,thank you very much guys for watching if,you have any questions ask me down in,comments,and have a great day and goodbye see ya

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