Shopify Shopify Payments and Checkout 1

Question 1

What is 'Shopify Payments' and what is its key advantage?

Accepted Answer

Shopify's built-in payment processor that eliminates transaction fees

Answer

A third-party app for invoicing

Answer

An international currency converter

Answer

A buy-now-pay-later service

Question 2

What additional fee does Shopify charge when using a third-party payment gateway instead of Shopify Payments?

Accepted Answer

A transaction fee of 0.5%–2% depending on the plan

Answer

No additional fee

Answer

A flat $10/month surcharge

Answer

A 5% fee on all sales

Question 3

Which payment method does Shopify support for installment payments at checkout?

Accepted Answer

Shop Pay Installments

Answer

Shopify Capital

Answer

Shopify Balance

Answer

Shopify Lending

Question 4

What is 'Shop Pay' in the context of Shopify checkout?

Accepted Answer

An accelerated checkout that saves customer payment and shipping details

Answer

A loyalty points system

Answer

A business bank account

Answer

A point-of-sale terminal

Question 5

Where do you configure which payment methods appear at checkout in Shopify?

Accepted Answer

Settings > Payments

Answer

Online Store > Themes

Answer

Settings > Checkout

Answer

Settings > General

Question 6

What does 'fraud analysis' in Shopify orders help merchants do?

Accepted Answer

Identify potentially fraudulent orders using risk indicators

Answer

Automatically block international orders

Answer

Encrypt customer payment data

Answer

Automate chargebacks