Shopify Payments Statistics 2025: Inside Growth Secrets

The payments ecosystem for e-commerce is evolving rapidly, and one standout player is the built-in solution from Shopify: Shopify Payments. In sectors such as direct-to-consumer retail and small business services, merchants use Shopify Payments both to streamline checkout and to reduce reliance on external gateways.

For example, a U.S. apparel brand on Shopify might cut transaction complexity by using Shopify’s native payments rather than integrating multiple third-party processors. Similarly, a global artisan marketplace can leverage Shopify Payments to offer unified settlement across markets. Below you’ll find a detailed look at Shopify Payments statistics, covering adoption, share, availability, performance, and overall merchant impact.

Editor’s Choice

64% of merchants’ gross merchandise value (GMV) processed through Shopify stores used Shopify Payments in Q1 2025.
Total payment volume via Shopify Payments reached $47.5 billion in Q1 2025, up from about $36.2 billion in Q1 2024.
Shopify processed approximately $292.3 billion in GMV in 2024, demonstrating its scale as a commerce system.
As of 2025, 1.89 million merchants actively use Shopify Payments, equal to about 90% of all eligible stores.
Shopify Payments holds roughly 15% of the payment-processing software market as of 2024.
The rapid checkout option Shop Pay accounted for 38% of gross payment volume (GPV) in recent reporting.
Shopify’s merchant stores grew by 6% year-over-year in Q1 2025.

Recent Developments

In Q1 2025, Shopify’s reported GMV grew 23% year-over-year to ~$74.8 billion.
Shopify merchant solutions revenue rose ~37% year-over-year in Q2 2025, showing payments business momentum.
Shopify Payments processed 64% of Shopify’s GMV in Q1 2025, rising from 60% in Q1 2024, with $47.5 billion in payment volume.
Shop Pay’s GMV jumped by 65% to $27 billion in the period referenced, demonstrating checkout innovation.
Shopify expanded its payments product into 16 new countries in the referenced year, illustrating geographic rollout.
Shopify’s business-to-business (B2B) GMV more than doubled in a quarter (101% growth in Q2 2025), which may increase demand for integrated payments.
The company emphasized cross-border commerce and multi-entity support, pointing to merchants operating globally.
Shopify achieved seven consecutive quarters of free cash-flow margin in double digits, supporting investment into payments infrastructure.

Shopify Revenue Sources

Merchant Solutions Revenue accounts for 76% of Shopify’s total income, making it the company’s primary revenue driver.
This category includes Shopify Payments, Shopify Capital, Shopify Markets, and Shopify Fulfillment, reflecting strong merchant service adoption.
Subscription Solutions Revenue contributes the remaining 24%, generated from monthly plans, themes, and app subscriptions.

Shopify Payments Adoption Rate

The previous year (Q1 2024) had around 60% penetration, indicating a ~4-point increase.
In 2024, Shopify Payments accounted for about 61% of Shopify’s GMV.
With Shopify’s total GMV of ~$292.3 billion in 2024, roughly $178 billion might be processed via Shopify Payments, implying high transaction volumes.
The growth of adoption is supported by the fact that Shopify’s merchant count and activity continue to expand, making the native payments option more viable.
The increasing penetration suggests merchants are shifting from third-party gateways toward Shopify’s built-in payments.
The “90% of merchants” figure may refer to basic availability rather than full adoption of payment processing.

Shopify Payments Share of Gross Merchandise Volume (GMV)

In Q1 2025, Shopify Payments processed $47.5 billion, up from $36.2 billion in Q1 2024.
That $47.5 billion represented ~64% of Shopify GMV for that quarter (since Q1 GMV ~$74.8 billion), indicating strong dominance.
In 2024 overall, Shopify’s GMV was ~$292.3 billion, and by applying ~61% as the payments share, Shopify Payments may have processed around ~$178 billion.
Shopify Payments had about a 15% share of the broader payment processing software market in 2024.
The upward trend in payments share aligns with Shopify’s merchant solutions segment growing faster than subscription revenue.
The increase in share of GMV suggests that as merchants grow on Shopify, they prefer the integrated payment option for better operational alignment.
The data points to a strategic shift where Shopify is capturing more of the transaction flow rather than just hosting stores.
This growth in share may translate into higher revenue for Shopify via processing fees and value-added services associated with payments.

Number of Online Stores Running on Shopify Worldwide

Apparel dominates Shopify with 537,883 stores, making it the largest product category on the platform.
Home & Garden follows with 249,536 stores, reflecting strong growth in lifestyle and decor businesses.
Beauty & Fitness ranks third at 205,097 stores, driven by rising global demand for wellness and personal care products.
The Food & Drink category hosts 128,035 stores, showcasing the rise of online specialty food brands and delivery-based ventures.
Social and community-based ventures under People & Society total 78,014 stores, while Sports and Health each maintain over 70,000 stores.
Art & Entertainment has 71,270 stores, indicating a growing number of independent creators and digital product sellers.
Niche categories such as Toys & Hobbies (62,505), Autos & Vehicles (44,613), and Pets & Animals (43,400) highlight Shopify’s broad diversification.
Smaller segments like Computers (32,871), Games (18,473), Books & Literature (14,860), and Travel (10,813) represent emerging but growing industries on the platform.
The data underscores Shopify’s global versatility, with fashion, lifestyle, and wellness sectors driving the majority of its merchant activity in 2025.

Geographic Availability of Shopify Payments

Shopify serves merchants in 175+ countries globally.
In 2025, the payments product was expanded into 16 new countries.
Shopify Payments is available in 39 countries worldwide as of Q2 2025.
The U.S. remains the largest single market for Shopify store activity, with ~12% of all U.S. e-commerce flowing through Shopify.
International GMV for Shopify grew 42% year-over-year in Q2 2025, reflecting strong non-U.S. momentum and the need for multi-market payments.
Shopify offers multi-entity payout support, helping merchants operating across regions manage local currencies and tax flows.
The expansion into additional countries reduces friction for merchants migrating to Shopify Payments from third-party gateways, especially in emerging markets.
Because Shopify Payments’ availability still lags in some regions, merchants may adopt third-party gateways until native support arrives, which suggests room for growth and conversion.

Year-over-Year Growth Trends for Shopify Payments

The penetration rate of Shopify Payments rose to 64% of the platform’s GMV in Q1 2025, up from ~60% in Q1 2024.
In Q1 2025, the payment volume processed via Shopify Payments exceeded $47.5 billion, up from ~$36.2 billion in the prior-year period.
Shop Pay processed 38% of gross payment volume in Q1 2025, up from 33% in 2023
Shopify’s overall revenue grew 27% year-over-year in Q1 2025, reflecting the expanding payments business.
The number of live stores using Shopify Pay was ~1.45 million, representing a year-over-year increase of ~14.2%.
Merchant solutions (which include payments) grew faster than subscription solutions in recent quarters, indicating that payments are a growing segment.
Merchants are increasingly adopting the integrated payments option rather than third-party gateways.
Because of the global expansion of availability and improved checkout experience, the growth momentum for Shopify Payments is likely to continue.

Shopify Payments Transaction Fees by Plan

Merchants on the Shopify plan saw transaction fees for online sales starting at 2.7% + 30¢, with in-person sales at 2.5% + 10¢ when using Shopify Payments.
For high-volume merchants, Shopify’s Advanced plan reduces online processing fees to ~2.5% + 30¢ when using Shopify Payments.
When merchants choose not to use Shopify Payments and opt for third-party gateways instead, an additional Shopify fee adds about 1%–2% more in transaction cost.

Shopify Payments becomes cost-effective when monthly GMV exceeds $1,000, due to the elimination of third-party gateway fees.
Hidden costs such as international transaction markups (+1.5%) and currency conversions can raise effective processing fees to 3.5% or higher for cross-border sales.
Merchants processing high volumes or with significant international sales may need to evaluate total effective cost, including FX and payout latency.
Using Shopify Payments often results in 34% lower total cost compared to combining a third-party gateway + Shopify fees.
Merchants on regional or unsupported plans may face higher rates or non-availability of optimal pricing tiers.

Shopify Payments Adoption by Region

In the U.S., a majority of merchants on the Shopify platform now use Shopify Payments, with adoption rates up to 90% in supported markets.
Several markets outside the U.S. still show lower adoption because Shopify Payments is not yet fully available in all countries.
Of the ~4.8 million active global Shopify stores, ~3 million are U.S.-based, indicating the U.S. remains the largest regional base for payment adoption.
International GMV for Shopify grew ~42% year-over-year in Q2 2025, underscoring global merchant growth and therefore regional payment adoption potential.
Regions such as APAC and EMEA are seeing increasing merchant migrations to Shopify, which will boost native payments uptake.
Some smaller-market merchants still rely on third-party gateways due to eligibility or local constraints, implying regional variation in adoption.
Multiplying payout and currency features are enhancing regional use of Shopify Payments with multi-entity support.
While U.S. adoption is very high, emerging markets represent the largest growth opportunity for Shopify Payments adoption globally.

Market Share of Shopify Payments in Payment Processing

Shopify Payments held about 15% of the global payment-processing software market in 2024.
Around 90% of eligible merchants use Shopify Payments to process transactions on the platform as of late 2024.
Shopify Payments processed 62% of all GMV flowing through Shopify in 2024, up from 58% in 2023.
The solution’s GMV penetration rose to 64% in Q2 2025, marking its highest level yet.
Shopify Payments handled $43.3 billion in Gross Payments Volume (GPV) during Q3 2024 alone.
Shopify’s GPV grew 31% year over year in Q3 2024, continuing double-digit growth momentum.
The platform’s payment capabilities are now available in 40+ countries worldwide.
Shopify commands 10.32% of the global e-commerce platform market and powers 4.8 million stores globally.
Merchants using Shopify Payments avoid third-party gateway fees, with savings of roughly 0.5%–2% per transaction.
Shopify’s payment processing revenue accounts for roughly a 1–2% take rate on total GMV, forming a major growth driver.

Payout Times and Cash Flow with Shopify Payments

Shopify Payments typically releases funds within 2–5 business days after a charge is processed.
For U.S. merchants, the average payout time is around 2 business days, faster than many processors.
Shopify Balance users receive payouts in as little as 1 business day, enabling quicker cash turnover.
New accounts may face an initial holding period of 7–14 business days before the first payout.
In countries like the U.K. or New Zealand, standard payout times are 3–5 business days.

Shopify Payments Payout Time by Merchant Type (Business Days)

Shopify merchants can choose payout frequencies, daily, weekly, or monthly, with daily as the default.
Banks may add 24–72 hours of processing time after Shopify releases funds.
Shopify’s strong cash metrics included $421 million in free cash flow in Q3 2024, reflecting improved liquidity.
Payouts are initiated daily at 10 a.m. ET, with previous-day sales deposited first to the Shopify Balance.

Cost Savings from Using Shopify Payments

Switching from third-party gateway + Shopify fees to Shopify Payments can result in $4,500 annual savings for a monthly GMV of $25,000.
The example compared a total cost of $1,100 vs $725 using Shopify Payments, yielding ~34% savings.
The elimination of additional Shopify gateway fees (0.5-2.0%) is a direct savings lever.
Improved payment success rate from Shopify Payments’ fraud stack drives more revenue, translating into cost avoidance of lost sales and declines.
Shopify Payments’ 3DS implementation generated ~$471 million in additional annual payment volume by improving success rates.
Fraud optimization reduced chargeback rates by 20%, saving merchants approximately $62 million annually.

Shop Pay Usage and Performance

Shop Pay processed ~38% of Shopify’s GPV, up from ~33% in 2023.
Installs of Shop Pay on e-commerce stores increased by ~14.2% year-over-year.
About ~1.89 million live websites use Shop Pay, while ~2.63 million sites historically used it.
Shop Pay users are 77% more likely to make a repeat purchase when using the service.
Around 43% of customers use Shop Pay as their preferred checkout method when offered.
62% of Shop Pay users are Gen Z or Millennials, and over half earn more than $75,000 annually.
Shopify offers built-in Shop channel reports for detailed measurement of Shop Pay sales and orders.
Shop Pay is emerging as a key driver of checkout conversion and merchant success within the Shopify ecosystem.

Chargeback Fees and Fraud Protection on Shopify Payments

Shopify Payments charges a $15 fee per chargeback in the U.S., refundable when merchants win disputes.
In the U.K., chargebacks cost £10 per case, refunded if resolved in the merchant’s favor.
3D Secure (3DS) implementation increased payment success by 0.26% and reduced fraudulent chargebacks by 20%, saving merchants $62 million annually.
The average chargeback handling cost across e-commerce is about $15–$25 per dispute, excluding lost sales.
Global ecommerce chargebacks are projected to reach $33.79 billion in 2025, up from $28.7 billion in 2023.
Fraudulent transaction attempts targeting Shopify stores rose 15% year over year, mirroring broader ecommerce trends.
Shopify Protect fully covers eligible Shop Pay orders, reimbursing both order value and chargeback fees on fraudulent transactions.
Third-party fraud platform Signifyd, used by Shopify merchants, reported a 93% reduction in chargebacks for some high-risk clients.
Merchant chargeback ratios typically average 0.47% of revenue annually from disputes and admin losses.
Shopify’s machine learning fraud detection scans 100% of transactions in real time to block suspicious activity.

Shopify Payments vs. Third-Party Gateways

If merchants use third-party gateways instead of Shopify Payments, Shopify charges 0.6% to 2% extra transaction fee.
Basic plan incurs 2%, Shopify plan 1%, Advanced plan 0.6% per transaction processed externally.
Shopify Payments offers seamless integration with a unified dashboard; third-party gateways require separate setup and reconciliation.
Third-party gateways may support more local methods, but increase complexity and cost.
Shopify Payments lowers total processing cost and eliminates the extra Shopify fee.
High-volume merchants with global payment needs may still use hybrid approaches after cost-benefit review.
Merchants report better conversion and fewer declines when using Shopify’s native payments.
Many U.S. merchants find Shopify Payments financially advantageous unless they need specific local gateways.

The Impact of Shopify Payments on Merchant Success

Merchants using Shopify Payments report a higher checkout conversion, with over a 50% increase after switching from other processors.
Improved payment success (0.26% higher approval) adds $471 million in additional payment volume across the ecosystem.
Lower chargebacks (20% reduction) means merchants retain more revenue.
Faster and predictable payouts support better cash-flow management.
Integrated reporting and a unified dashboard reduce administrative burden.
Multi-region merchants benefit from consistent rates and fewer settlement surprises.
Transparent fees enable accurate forecasting of margins and profitability.
Case studies show that migrating to Shopify Payments leads to smoother scaling, fewer hold-ups, and improved profitability.

Key Benefits of Using Shopify Payments

Merchants using Shopify Payments save up to 2% in extra transaction fees otherwise charged by third-party providers.
Standard processing fees range between 2.4%–2.9% + $0.30 per transaction, varying by plan tier.
Businesses on the Basic plan save roughly $12,000 annually by avoiding external processor fees on $50,000 monthly sales.
Using Shopify Payments unifies order, inventory, and payment tracking across the entire platform for near 100% data sync accuracy.
Shop Pay checkout converts up to 36% better than competitors, greatly boosting store sales.
90%+ of top-performing stores use Shopify Payments for faster settlements and reduced manual accounting effort.
Shopify Payments supports over 100 global payment methods, including BNPL, wallets, and credit cards.
Integrated fraud detection and Level 1 PCI DSS security compliance protect millions of transactions monthly.
Unified dashboards allow merchants to manage 100% of transaction analytics from a single admin interface.
Multi-currency and global settlement support improve cross-border efficiency by 15–20%, enhancing operational flexibility.

Frequently Asked Questions (FAQs)

How many new countries did Shopify expand its payments product into during the referenced year?

16 new countries.

What was the charge-back rate reduction achieved via Shopify Payments’ fraud optimization efforts (per Shopify)?

20%.

By how many basis points did Shopify Payments’ 3D Secure implementation improve payment success rates (according to Shopify), and what dollar volume did that correspond to?

26 basis points, representing $471 million in additional annual payment volume.

How much payment volume did Shopify Payments process in Q1 2025?

$47.5 billion

Conclusion

Shopify Payments clearly stands as a strategic lever for merchants using the Shopify platform. It offers streamlined payments integration, a favorable cost structure, faster payouts, and robust fraud and chargeback protections. For merchants who qualify and operate in supported regions, the advantages over third-party gateways are substantial, from cash flow to conversion.

That said, eligibility, regional availability, and merchant-specific requirements still matter. As merchants scale and expand globally, choosing the right payment configuration becomes a performance decision, not just a checkbox. If you’re using Shopify, exploring Shopify Payments should be high on your roadmap. You’re now equipped with detailed statistics and insights to evaluate how Shopify Payments may impact your business.