Shopify Payments Statistics By Market Share And Employee (2026)

Introduction

Shopify Payments Statistics: The e-commerce payments ecosystem is undergoing rapid transformation, with Shopify Payments emerging as a prominent solution. In areas like direct-to-consumer retail and small business services, merchants utilize Shopify Payments to enhance the checkout process and minimize dependence on external payment gateways. For instance, a U.S. apparel brand using Shopify may simplify transaction processes by opting for Shopify’s integrated payment system instead of relying on various third-party processors. Likewise, a global artisan marketplace can take advantage of Shopify Payments to provide consistent settlement across different markets.

Below, you will find a comprehensive overview of Shopify Payments statistics, including details on adoption, market share, availability, performance, and the overall impact on merchants.

Editor’s Choice

1. Shopify Payments is currently operational in over 23 countries and is actively expanding into new markets throughout Asia and Latin America.
2. In 2024, Shopify Payments accounted for approximately 15% of the global market for payment-processing software.
3. The fees associated with Shopify Payments include a charge of approximately USD 15 per chargeback.
4. The Basic plan offered by Shopify comes with a monthly fee of USD 29, and the rate for online credit card transactions is 2.9% plus 30¢ per transaction.
5. Utilizing Shopify Payments typically leads to a total cost that is 34% lower when compared to the combination of a third-party gateway and Shopify fees.
6. Shopify provides services to merchants in more than 175 countries worldwide.

General Shopify Payments Statistics

• The previous “Shopify” plan has been rebranded as “Grow” in all regions, maintaining the same features and pricing structure.
• Shopify Payments is now operational in over 23 countries, with continuous efforts to expand into new markets in Asia and Latin America.
• Shopify has rolled out platform enhancements, including Sidekick Pulse, integration with Product Network, and comprehensive MCP support for developers creating custom payment workflows.
• A 90% adoption rate among eligible merchants is reported for 2024.
• 62% of the Gross Merchandise Volume (GMV) was processed through Shopify Payments in the third quarter of 2024.
• Currently, there are 1.89 million merchants actively utilizing Shopify Payments.
• Recent data indicates a 1.91 times improvement in mobile conversion rates compared to standard checkout, an increase from earlier benchmarks.
• Shopify Payments is accessible in over 40 countries.
• Enhanced machine learning-based fraud detection has been implemented, along with expanded coverage of Shopify Protect for all eligible Shop Pay orders in the United States.
• There has been a 31% increase in Gross Payment Volume (GPV) year-over-year as of the third quarter of 2024.
• In the third quarter alone, USD 43.3 billion in GMV was processed through Shopify Payments.
• Additionally, merchants can now take advantage of negotiable transaction rates starting at approximately 2.15% plus USD 0.30 for online transactions, providing substantial savings at scale.

Shopify Payments Market Share Statistics

• In 2024, Shopify Payments accounted for approximately 15% of the global payment- processing software market.
• As of late 2024, around 90% of eligible merchants utilize Shopify Payments for transaction processing on the platform.
• In 2024, Shopify Payments facilitated 62% of the total Gross Merchandise Volume (GMV) transacted through Shopify, an increase from 58% in 2023.
• The GMV penetration of the solution reached 64% in the second quarter of 2025, representing its highest level to date.
• During the third quarter of 2024, Shopify Payments managed USD 43.3 billion in Gross Payments Volume (GPV).
• In Q3 2024, Shopify’s GPV experienced a year-over-year growth of 31%, maintaining a trend of double-digit growth.
• The payment capabilities of the platform are now accessible in over 40 countries around the globe.
• Shopify holds a 10.32% share of the global e-commerce platform market and supports 4.8 million stores worldwide.
• Merchants who use Shopify Payments can avoid third-party gateway fees, resulting in savings of approximately 0.5% to 2% per transaction.
• Shopify’s revenue from payment processing represents about a 1% to 2% take rate on total GMV, serving as a significant driver of growth.

Shopify Payments Adoption Statistics

• Gross Payments Volume (GPV) quantifies the overall dollar amount of transactions handled via Shopify Payments.
• In the third quarter of 2024, GPV attained USD 43.3 billion, which accounts for 62% of the total platform Gross Merchandise Volume (GMV).

• This percentage has consistently increased from 58% in 2023, signifying that merchants are progressively opting for Shopify’s integrated payment solution instead of third-party options.
• Merchant count adoption measures the number of individual stores that have activated Shopify Payments. According to industry analysis, approximately 1.89 million out of Shopify’s 2.1+ million eligible merchants have enabled the service, resulting in the frequently referenced 90% adoption rate.
• The disparity between merchant adoption (90%) and transaction volume (62%) illustrates the fact that larger merchants typically handle greater volumes through alternative gateways, whereas smaller merchants tend to prefer Shopify Payments due to its ease of use and cost-effectiveness. This percentage has consistently increased from 58% in 2023, signifying that merchants are progressively opting for Shopify’s integrated payment solution instead of third-party options.
• Merchant count adoption measures the number of individual stores that have activated Shopify Payments. According to industry analysis, approximately 1.89 million out of Shopify’s 2.1+ million eligible merchants have enabled the service, resulting in the frequently referenced 90% adoption rate.
• The disparity between merchant adoption (90%) and transaction volume (62%) illustrates the fact that larger merchants typically handle greater volumes through alternative gateways, whereas smaller merchants tend to prefer Shopify Payments due to its ease of use and cost-effectiveness.

(Source: redstagfulfillment.com)

Companies Using Shopify Payments

Shopify Payments Advantages Statistics

• Setting up Shopify Payments is a simple process, especially when compared to traditional payment processors.
• Once activated, your payments, orders, and inventory are automatically synchronized between your Shopify store and your payment processor.
• Shopify Payments integrates everything within your Shopify store. This enables customers to complete their transactions without being redirected to an external site (such as PayPal). Furthermore, you can directly link all payments to your orders, which simplifies your bookkeeping.
• With Shopify Payments, you will not incur any additional transaction fees, unlike when using third-party providers. For merchants using alternative payment gateways, transaction fees can be significant, ranging from 0.6% to 2%, depending on your Shopify payment plans.
• Shopify Payments offers a range of payment options, including credit and debit cards, Apple Pay, and Google Pay. It also seamlessly integrates with Shopify’s Point of Sale (POS) system, allowing you to unify online and in-store sales data in one place.

Shopify Payments Disadvantages Statistics

• Shopify Payments is not accessible in every country, particularly in Asia. Therefore, if it is not supported in your area, you will need to rely on third-party payment providers.
• Nonetheless, utilizing third-party providers comes with extra expenses, as transaction fees can vary from 0.6% to 2%, based on your Shopify plan. These charges can accumulate, making Shopify Payments a more economical choice if it is available in your region.
• Shopify enforces stringent limitations on what can be sold, especially concerning items that may breach payment network regulations or legal statutes. This encompasses an extensive list of prohibited items, including adult content, counterfeit products, and illegal services.
• Shopify payment fees entail a fee of around USD 15 for each chargeback. If you successfully contest the dispute, you will receive a refund; however, the process can be lengthy and stressful.
• Shopify provides a Fraud Filter app to assist merchants in minimizing chargebacks, yet they continue to pose an unavoidable risk when starting your eCommerce venture.
• In instances of suspicious activity, Shopify Payments may suspend your account while it conducts an investigation. However, this can result in considerable delays in receiving your payouts.

Shopify Pricing Plans Statistics

• Shopify’s Basic plan requires a monthly payment of USD 29. The rates for online credit card transactions are 2.9% plus 30¢ for each transaction.
• Shopify offers its Standard plan for a monthly charge of USD 79.
• The rates for online credit card transactions are set at 2.6%, in addition to a fee of 30¢ per transaction.
• Shopify’s Advanced plan is offered at a monthly cost of USD 299, with online credit card transaction rates set at 2.4% and 30¢ for each transaction.
• Shopify’s enterprise offering, known as Shopify Plus, has a monthly charge of USD 2000. The rates for online and credit card transactions under this plan are 2.15% for each transaction.

(Source: shopify.com)

Shopify Payments Transaction Fees By Plan

• Shopify Payments becomes more economical when the monthly Gross Merchandise Volume (GMV) surpasses $1,000, as it eliminates the fees associated with third-party gateways.
• Hidden expenses, such as international transaction surcharges (+1.5%) and currency conversion fees, can elevate the effective processing costs to 3.5% or more for cross-border transactions.
• Merchants who handle large volumes or have considerable international sales should assess the total effective costs, which include foreign exchange (FX) fees and payout delays.
• Utilizing Shopify Payments typically leads to a 34% reduction in total costs compared to the combination of a third-party gateway and Shopify fees.
• Merchants subscribed to regional or unsupported plans may encounter elevated rates or may not have access to the best pricing tiers.
• Merchants on the Shopify plan experienced transaction fees for online sales beginning at 2.7% + 30¢, while in-person sales were charged at 2.5% + 10¢ when utilizing Shopify Payments.
• For merchants with high sales volumes, Shopify’s Advanced plan lowers online processing fees to approximately 2.5% + 30¢ when using Shopify Payments.
• When merchants decide against using Shopify Payments and select third-party gateways instead, an additional Shopify fee incurs an extra 1%–2% in transaction costs.

(Source: coinlaw.io)

Shopify Payments Geographic Statistics

• Shopify caters to merchants in over 175 countries around the world.
• In 2025, the payment product was introduced in 16 additional countries.
• As of the second quarter of 2025, Shopify Payments is accessible in 39 countries globally.
• The United States continues to be the largest individual market for Shopify store operations, accounting for approximately 12% of all U.S. e-commerce transactions processed through Shopify.
• In the second quarter of 2025, international gross merchandise volume (GMV) for Shopify increased by 42% compared to the previous year, indicating robust growth outside the U.S. and a demand for multi-market payment solutions.
• Shopify provides support for multi-entity payouts, assisting merchants who operate across different regions in managing local currencies and tax obligations.

Shopify Payments Competitors Statistics

Shopify Payments Customers Statistics

Shopify Payments By Employee Statistics

• The largest segment of Shopify Pay’s clientele within the payments-processing sector consists of businesses with 0 – 9 employees, totaling 3,23,384 companies, followed by those with 20 – 49 employees, which number 63,170 companies, and finally, companies with 10 – 19 employees, amounting to 50,975 companies.

(Reference: 6sense.com)

Shopify Payments Cost Statistics

Shopify Payments Recent Development Statistics

• In the first quarter of 2025, Shopify Payments accounted for 64% of Shopify’s Gross Merchandise Volume (GMV), an increase from 60% in the first quarter of 2024, with a total payment volume of USD 47.5 billion.
• In the second quarter of 2025, Shopify’s business-to-business (B2B) GMV experienced significant growth, more than doubling with a 101% increase, which could potentially boost the demand for integrated payment solutions.
• Additionally, Shopify’s revenue from merchant solutions grew by 37% year-over-year in the second quarter of 2025, indicating strong momentum in the payments sector.

Conclusion

Shopify Payments undoubtedly serves as a strategic advantage for merchants utilizing the Shopify platform. It provides seamless payment integration, an advantageous cost structure, quicker payouts, and strong protections against fraud and chargebacks. For qualifying merchants operating in supported areas, the benefits compared to third-party gateways are significant, impacting everything from cash flow to conversion rates.

However, factors such as eligibility, regional availability, and specific merchant requirements remain important. As merchants grow and expand internationally, selecting the appropriate payment setup transforms into a performance-related decision rather than merely a checkbox exercise.

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