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Type of business | Payment processing |
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Founded | 2017 |
Headquarters | Ottawa, Ontario, Canada |
Parent | Shopify |
Commercial | Yes |
Registration | Free |
Current status | Active |
Shop Pay (formerly Shopify Pay) is a checkout and payment method developed by Shopify. Users add shipping and billing information to a Shop account, which enables one-click checkout on online stores that offer Shop Pay.
In 2024, Shopify reported that Shop Pay had over 150 million users worldwide. [1]
Shop Pay relies on a payments processing service, such as Shopify Payments (the default option) or another payment provider, to process transactions. [2] Businesses on other platforms, such as Facebook Marketplace, can also offer it as a payment method. [3]
In April 2017, Shopify announced the checkout feature called Shopify Pay. [4] Later that same year, the company announced a new package tracking app, Arrive, which tracked customer orders from brands on the platform and other online shopping sources. [5]
Early in 2020, a rebranded Shop Pay button appeared on participating checkouts; later that spring, Arrive was rebranded as Shop. [6] [7]
In 2024, Shop Pay expanded to other commerce platforms and no longer required businesses to be on Shopify to use it. [8]
Shop Pay Installments is a buy now, pay later solution for Shop Pay. The service is offered in partnership with Affirm Holdings, Inc. [9]
Shop Cash is Shop's rewards program, which gives customers who check out using Shop Pay 1% back. Shop Cash can be spent only on the Shop app or website. [10]
Shop Pay is available in Australia, Austria, Belgium, Canada, Denmark, the Czech Republic, Finland, France, Germany, Hong Kong, Ireland, Italy, Japan, the Netherlands, New Zealand, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom, and the United States. [11]
Shop Pay Installments is available only in the United States. Shop Cash is available only in the United States and Canada.