Shopify Teams With payabl to Streamline eCommerce Checkout
- The fintech firm's new Shopify app aims to simplify cross-border payments, enhance security, and provide robust fraud protection for online merchants.
- has launched a direct payments integration with Shopify.
- This new extension streamlines payment acceptance, offering popular payment methods, faster onboarding, and built-in fraud protection.The integration supports key operational features including refunds, 3D secure authentication, chargeback management,...
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Payabl Integrates Payments with Shopify, Targeting SMB Growth
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The fintech firm’s new Shopify app aims to simplify cross-border payments, enhance security, and provide robust fraud protection for online merchants.
Published November 7, 2023
What Happened?
Financial technology provider payabl. has launched a direct payments integration with Shopify. Announced on Tuesday, November 4, 2023, the integration allows Shopify merchants to access payabl.’s payment processing infrastructure directly within the Shopify platform.
This new extension streamlines payment acceptance, offering popular payment methods, faster onboarding, and built-in fraud protection.The integration supports key operational features including refunds, 3D secure authentication, chargeback management, and fraud prevention tools.
Why This matters: The Rise of integrated Payments
The move reflects a broader trend in the e-commerce landscape: the increasing demand for seamless, integrated payment solutions. Merchants are seeking to reduce friction at checkout and offer a wider range of payment options to cater to diverse customer preferences. Integrated solutions like this one minimize the need for multiple third-party integrations, simplifying management and potentially reducing costs.
According to Statista, the global e-commerce market is projected to reach $6.3 trillion in 2023, highlighting the immense possibility for payment providers to streamline the online shopping experience. This integration positions payabl. to capture a share of this growing market by offering a convenient solution for Shopify’s extensive merchant base.
Key Features and Benefits
The payabl. Shopify integration offers several key benefits for merchants:
- Faster Onboarding: Streamlined setup process reduces time to market.
- expanded Payment Options: Access to a wider range of payment methods, including local payment preferences.
- enhanced Security: Built-in fraud protection tools and 3D Secure authentication.
- Simplified Operations: Integrated refunds, chargeback management, and reporting.
- International Expansion: Facilitates cross-border payments and supports global reach.
“With the payabl. payment extension, we’re meeting merchants where they are, directly within the Shopify ecosystem,” said Breno Oliveira, payabl.’s head of product. “Our goal is to make it easier for them to accept secure payments, expand internationally, and maintain control thru the same infrastructure they already trust.”
The European E-commerce Context
Payabl’s emphasis on secure payments and international expansion is particularly relevant in the European market. According to Eurostat, 77% of internet users in the European Union purchased goods or services online in the last year. This demonstrates a high level of online shopping activity and a corresponding need for reliable and secure payment solutions.
moreover, the European Payments