The Shopify platform pays you your funds by transferring money paid by your customer to the bank account you filled in the payment providers page on your Shopify admin.
When setting up your Shopify account, you will need to enter a bank account to your payment providers page to perform any transaction that you want to carry out. You need to make sure that whatever profile you will be creating is a complete checking account. Shopify offers different ways of receiving payouts, including PayPal, Bank Account, and Wire Transfer. Accessing specific payout methods depends on the country or region you reside in and the currency you want the payout converted to. Shopify allows the use of other Shopify-supported third-party providers if you do not wish to use Shopify payments for your transactions. These providers might come with extra charges that you need to pay and rules on what you can and cannot sell using their services. You need to research and make sure you understand the rules and fees of the service provider you are opting for.
After setting up a payment provider plan to accept credit card payments for your product, every payment that is made has to be processed. It causes a slight delay between the time a buyer pays for your product and when you get the money paid for the product. After the transaction has been duly processed, the payment is then made to your account. Other service providers like Payal will also have a way of getting your funds across to you. Apart from card payments, you can also get manual payments from your buyers, including bank transfers. Your payment info only reflects on your Shopify admin if you have Shopify payments enabled on your store. You get your prices through Shopify payouts if your customer pays using Shopify payments and specific accelerated payouts. If you do not have Shopify payments enabled, your payout information will not be available on your Shopify admin.
How often does Shopify pay?
If you use Shopify payments, how often you get your money depends on your pay period. You need to check out your pay period to determine when you get paid. If you use other service providers, you need to check with them to find out your pay period.
After Shopify pays out, the funds may not reach your bank immediately, as it might take a few days for the payment to be deposited into your bank account. You can check with your bank if you find out that your payment has been delayed.
When does Shopify pay?
Shopify pays you during business days which might also be called working days. For most countries, these days are from Mondays to Fridays. Most banks do not process funds during the weekends or public holidays. It makes it possible for a buyer to have sent funds to you, and you can view it on your Shopify admin, but you cannot assess the funds because it has not been processed and shipped into your account due to the day Shopify sent it. The fund will be processed and paid out most likely the next time your bank is open for work.