All you need is a minimum of $25 in earnings to receive a payout from Shopify. Earnings are accumulated and paid out on the following schedule: For all earnings accrued between the 1st to and including the 15th of the month, payment will occur 5 business days after the 15th day of the month.
If you’re using Shop Pay Installments, then you’ll receive your payout 1 to 3 business days after your customer’s payment is completed. Custom payout schedules don’t affect Shop Pay Installments payouts. Learn more about receiving payments through Shopify Payouts. Refunding an order made using Shop Pay Installments.
You must complete the setup of your Shopify Payments account, including all your business details and banking information, within 21 days of your first sale. If your account is not set up within 21 days, then all payments are automatically refunded to the buyer.
For example, Shopify Payments provides an authorization period of 7 days. You need to capture a payment within the authorization period to collect money for your order. When you capture a single order manually, you can choose whether to take full or partial payment.
Can I change my pay period for Shopify Payments?
We can’t decrease an individual account’s pay period, but we’re actively working to reduce pay periods for all accounts. You can see all the transfers to your bank account that Shopify Payments attempts on the payout schedule in Shopify admin. What counts as a business day?
How do I get paid from Shopify Payments?
Shopify Payments transfers funds to the bank account you have entered on the Payment providers page in your Shopify admin. The account you use to accept payouts needs to be a full checking account, or a current account in the UK and Ireland.
If your store has Shopify Payments enabled, then you receive payments through Shopify Payouts when a customer pays using Shopify Payments and specific accelerated checkouts. If customers pay using third-party payment gateways, then you won’t see your payout information in your Shopify admin. How often you get paid .
If you have Shopify Payments enabled, then you won’t be charged transaction fees for any orders made on your online store. Instead, you’ll pay a card rate that depends on your Shopify plan. If you are using a third-party payment provider with Shopify, then Shopify will also charge you a fee for each transaction.
Shopify Payments is available only to stores in certain countries. For a list of supported countries, see Can I use Shopify Payments?. Shopify Payments is the simplest way to accept payments online. It eliminates the hassle of setting up a merchant account with a third-party payment provider, and then entering your account credentials in Shopify.
Why can’t I See my payout information in my Shopify admin?
If customers pay using third-party payment gateways, then you won’t see your payout information in your Shopify admin. If you use Shopify Payments, then you can check your pay period to see when you receive payouts from credit card orders. Other payment providers have their own rules on when you receive payouts for credit card orders.
You may be wondering “Why can’t I receive funds on my Shopify store?”
For more information on the bank accounts that you can use, see Setting up Shopify Payments. You can’t receive funds if your payout is below $1, £1, or €1, depending on which currency you use in your store.
What happens when I issue a refund on Shopify Payments?
If you’re using Shopify Payments and you issue a refund, then the amount is deducted from your next available payout. If you’re using Shopify Payments and your payout doesn’t have enough funds for a return, then there are different outcomes depending on where you are located.