Shopify is an e-commerce platform for businesses to create their own online store and receive payments from customers. It offers several ways of receiving payouts, giving businesses the flexibility to choose the best option for them.

Payment Options

The following payment options are available for Shopify merchants:

  • PayPal
  • Bank Account
  • Wire Transfer

The availability of these payment options depends on the merchant’s country or region and the currency they want the payout to be converted to.

Setting up Payment Options

To set up payment options in Shopify, merchants must first select the payment option they want to use. After that, they must enter the relevant information in the settings page.

For PayPal, merchants will need to enter their PayPal email address and click the “Activate” button.

For Bank Account, merchants will need to enter their bank details, such as the account number and routing number.

For Wire Transfer, merchants will need to enter their bank details, such as the account number and bank name.

Receiving Payments

Once the payment option is set up, merchants can start receiving payments from customers. Depending on the payment option they selected, the payout will be sent to their PayPal account, bank account, or wire transfer.

Payouts are usually processed within a few business days. The exact time frame may vary depending on the payment option and the country or region.

Conclusion

Shopify offers several ways of receiving payouts, including PayPal, Bank Account, and Wire Transfer. Access to specific payout methods depends on the merchant’s country or region and the currency they want the payout converted to. Merchants can set up the payment option they want to use and start receiving payments from customers. Payouts are usually processed within a few business days.