If you're uncertain about how to withdraw your earnings from Shopify to your bank account, you're not alone. Many merchants face confusion when it comes to transferring funds from their Shopify balance.
This guide will walk you through the precise steps to transfer your money, whether you're using Shopify Payments or a third-party payment provider.
Transferring Funds Using Shopify Payments
If you're utilizing Shopify Payments, the process is straightforward.
Step 1: Access Finances
- On the left-hand side of your Shopify admin dashboard, click on Finances.
Step 2: Go to Shopify Withdrawal
- Scroll to the bottom of the Finances page.
- Click on Shopify Withdrawal.
Step 3: Insert Payment Information
- Enter your bank account details or the platform where you want to receive your funds.
- Confirm the information and proceed to withdraw your money.
Transferring Funds Using a Third-Party Provider
If you're using a different payment provider, such as Payoneer, the steps are slightly different.
Step 1: Go to Settings
- On the left-hand menu, click on Settings.
Step 2: Access Payment Providers
- Within Settings, select Payments.
Step 3: Manage Your Payment Provider
- Under the Payment Providers section, locate your current provider.
- Click on Manage next to the provider's name.
Step 4: Withdraw Funds
- Scroll to the bottom of the management page.
- Depending on your provider, you may have a direct withdrawal option within Shopify.
- If not, you'll need to log into your provider's platform (e.g., Payoneer).
- Once logged in, select the option to Withdraw to Bank.
Notes on Different Providers
- Provider Variations: Withdrawal options can vary based on the payment provider you're using.
- Direct Withdrawal: Some providers allow direct withdrawal from Shopify, while others require you to use their own platform.
- Ensure Accuracy: Double-check all bank account details to ensure a smooth transfer.
Conclusion
Transferring your earnings from Shopify to your bank account is a simple process once you know where to look. Whether you're using Shopify Payments or another provider, following these steps will help you access your funds quickly and efficiently.