Top Payment Providers for Shopify Philippines

Top Payment Providers for Shopify Philippines

Setting up an online store on Shopify is an exciting opportunity for entrepreneurs to expand their businesses and reach a broader market. One of the most critical decisions in this process is selecting the right payment providers. A well-integrated payment gateway offers trustworthiness, enhances the shopping experience, and reduces friction at checkout. All this leads to universal goal of e-commerce - increase conversion rates. A good payment provider also ensures that merchants receive payments in a timely and secure manner while maintaining compliance with industry security standards.

In the Philippines, several trusted and accessible payment providers cater specifically to the local market. Popular e-wallets such as GCash, Maya, and GrabPay have transformed the payment landscape by providing seamless digital transactions. Bank transfers are a popular payment method but cash-on-delivery (COD) remains the dominant payment method, particularly in regions where digital adoption is still growing. 

It is essential for business to integrate a mix of traditional and digital payment methods to meet customer preferences and boost sales. Here is a detailed overview of the top payment gateway providers available in the country to help you make an informed decision.

1. Dragonpay

Dragonpay is a well-established payment gateway in the Philippines, offering a variety of payment methods suitable for different customer preferences. While it can be integrated with Shopify, the process may require technical assistance. They are one of the few on this list that have a set-up fee for new merchants.

Pros

  • Broadest range of payment methods.

Supported Payment Methods

  • Credit Cards via Xendit
  • Online Banking: Any bank with InstaPay capability
  • E-Wallets: GCash, Maya, GrabPay, ShopeePay,
  • Payment Centers: all of them
  • Installment: Biullease, Cashalo, Tendopay

2. HitPay

HitPay is a Singaporean payment infrastructure platform that is regulated in 6 APAC jurisdictions including the Philippines. It specializes in enabling cross-border transactions in this region, making it an excellent choice for businesses targeting a regional market. They offer a range of payment solutions suitable for small and medium-sized enterprises.

Pros

  • Seamless integration with Shopify
  • No set up fees
  • APAC market focused

Supported Payment Methods

  • Credit Cards: Visa, Mastercard
  • E-Wallets: GCash, GrabPay QR Ph,
  • Online Banking: Union Bank, InstaPay, PesoNet
  • Payment Centers: Bayad, Cebuana, EC Pay, Palawan, Robinson’s Bank
  • Installment: Billease

2. Maya

Maya is a leading payment gateway, digital bank, and e-wallet in the Philippines. In 2023 it had over 3 million depositors and was the top-rated consumer finance app. Setting up an account is quick and easy, they are an excellent choice for local Shopify merchants.

Pros

  • Seamless integration with Shopify
  • No set-up fees

Supported Payment Methods

  • Credit Cards: MasterCard, Visa, JCB, Amex
  • E-Wallets: Maya QR, QR PH, WeChat Pay, and ShopeePay
  • Online Banking: Bancnet

4. PayMongo

PayMongo is one of the easiest payment gateways to set up in the Philippines. It takes less than a minute to complete their sign-up process. It is a popular payment gateway in the Philippines known for its user-friendly and intuitive interface.

Pros

  • Quick and easy sign up
  • Seamless integration with Shopify
  • No set-up fees

Supported Payment Methods

  • Credit Cards: Visa, Mastercard
  • E-Wallets: GCash, Maya, GrabPay,
  • Online Banking: BPI, Unionbank, InstaPay, PesoNet
  • Installment: Billease, Pinelabs

5. Paynamics

Paynamics is a well-established payment gateway in the Philippines, serving both e-commerce businesses and renowned brick-and-mortar stores. It offers a powerful API, a good option for merchants who need a customizable and scalable payment solution.

Pros

  • Thousands of available payment channels
  • Trusted by major brands

Supported Payment Methods

  • Credit Cards: MasterCard, Visa, American Express, JCB
  • E-Wallets: GCash, Maya, GrabPay, AliPay, We Chat Pay, Coins.ph
  • Online Banking: BancNet
  • Payment Centers: All of them

6. PayPal

PayPal is one of the most globally recognized payment gateways. It offers a one-click checkout feature, enhancing the customer experience with convenience. They are the default payment method of Shopify and support payments in over 100 currencies. Their platform is very secure, a must for merchants who want to sell to international markets.

Pro

  • Buyer protection and anti-fraud
  • Provides security for international buyers
  • Already integrated with Shopify

Supported Payment Methods

  • Credit & Debit Cards: Visa, MasterCard, and American Express
  • E-Wallet: PayPal

7. Xendit

Xendit is a rapidly growing fintech company based in Jakarta that has expanded throughout Southeast Asia, including the Philippines. They are transforming digital payments and have built a comprehensive infrastructure. It provides merchants with a reliable and scalable payment solution.

Pros

  • Dedicated to the South East Asia market
  • Seamless integration with Shopify
  • No set-up fees

Supported Payment Methods

  • Credit Cards: MasterCard, Visa, JCB
  • E-Wallets: GCash, GrabPay, Maya, ShopeePay, QR Ph
  • Online Banking: BPI, Unionbank, RCBC, Chinabank, BDO
  • Payment Centers: EC Pay, LBC, Palawan, 7-11, CVM Pawnshop, Cebuana, Lhullier, RD Pawnshop , SM Store, Robinson’s Department Store
  • Installment: Billease

 

Transaction Fees

When choosing the best payment providers for your Shopify store in the Philippines, consider factors such as transaction fees, ease of integration, and the payment methods your target customers prefer. Each payment provider offers distinct advantages, so the best choice comes down to what aligns with your business goals, customer preferences, and growth strategy.

For the easiest setup → PayMongo

For the broadest payment method → Dragonpay

For seamless Shopify integration → Maya, PayMongo, HitPay, Xendit

For international customers → PayPal

As a best practice, integrate multiple payment providers to accommodate a wider range of customer preferences, enhance the overall shopping experience, and provide greater flexibility for your business. Not only would offer diverse payment options, you reduce the risk of service disruptions, and maintain seamless transactions even if one provider experiences issues.

Author:

Rone Guerrero is a Shopify website designer. For the most part she works with businesses in food & drinks, fashion & beauty, home & decor. She began as a Shopify store owner and is now a Shopify Partner. Her work includes new online store design and development, defining company manifestos and voice in a brand book, and content creation.

She is trilingual and can work in English, Spanish, and Tagalog.

Grab your free Shopify trial