Ottawa e-commerce firm Shopify has set up a new, independent online payment service allowing its merchants to directly accept payments from customers.
Companies using the Shopify platform will be able to accept MasterCard, Visa and American Express payments directly, rather than relying on third parties such as PayPal.
In a statement, a representative for the company called it a “game-changer” for the merchants.
“Traditional payment acceptance methods for e-commerce merchants are extremely complicated,” stated Louis Kearns, director of payments at Shopify.
“You have to go through a third-party provider and be approved for a merchant account before you can process payments. And once your store is up and running, your finances are never synced up with your sales and inventory.”
Shopify Payments will be available first in the United States, with Canada and other countries coming at an undisclosed time.
Earlier in August, Shopify purchased Toronto-based design and user experience agency Jet Cooper to enhance its online storefronts.
Shopify has been doubling its headcount every year since it was founded in 2006, and expects to have 300 employees across four Canadian offices by the end of 2013.