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Link Bank Account to Shopify: Easy Steps

Published on: June 4 2023 by pipiads

How to Enter Bank Account Information and Set Up Payment Providers on Shopify

If you're starting a business on Shopify, it's important to enter your bank account information and set up your payment providers correctly. Here's a step-by-step guide to help you through the process.

Step 1: Log into Your Website's Back Office

To access your website's back office, use your domain name followed by /admin. If you don't have a domain name connected, use your dot myShopify name instead. Once you're in, enter your information to log in.

Step 2: Switch Over Account Information

Switch the account email to your own email and change the store's name. Change the legal business name to your name, add your phone number, address, and suite number. Save your changes.

Step 3: Set Up Billing

If you're the owner, go to billing and add your credit card information. Pick a monthly plan that works for you. It's recommended to select monthly payments.

Step 4: Set Up Payment Providers

Select payment providers and choose Shopify Payments. If Shopify Payments doesn't work for you, try PayPal. Enter your bank account information, payment descriptor, and payment schedule. Make sure to select automatically capture payments. To test your payments, put your store in test mode and use the provided test credit card numbers.

By following these steps, you'll be able to enter your bank account information and set up your payment providers correctly on Shopify. If you have any questions, feel free to reach out to digital brands for more tutorials.

Shopify Payments Setup 2022 | Shopify For Beginners

In this video, the presenter explains how to set up payments within Shopify. He walks through the process step-by-step, from logging into your Shopify account to choosing a payment provider and testing the setup.

Steps to Set Up Payments:

1. Log in to Shopify and navigate to the Settings section.

2. Click on Payments and choose a payment provider from the list.

3. Input your business and financial information to activate your account with the payment provider.

4. Copy and paste the merchant code and secret word into the appropriate fields in Shopify's API section.

5. Enable return after sale and select header redirect as the return method.

6. Save your settings and activate your account.

7. Test your payment setup by simulating successful and failed transactions.

Setting up payments within Shopify is a crucial step for any online store owner. By following these simple steps, you can ensure that your customers have a seamless and secure payment experience. Don't hesitate to reach out to customer support if you have any questions or concerns along the way.

How To Setup SHOPIFY Payments (Simple Method)

In this video, the speaker explains how to set up payment providers for Shopify sales in the United States. The following are the main points covered:

- Taxes: it is important to disable taxes in the settings for dropshipping sales, as it can become confusing and problematic.

- Billing: this section refers to how Shopify charges you for services like shipping labels or refunds. If there is no money in your revenue, they will take it out of your bank account.

- Payment Providers: the speaker uses Stripe and PayPal for their payment integration. Stripe is preferred over Shopify payments because it does not charge the 30 cents per transaction fee and has faster payouts. PayPal, on the other hand, can be problematic for dropshipping sales.

- Integration: linking your bank account to Stripe and PayPal is essential for receiving payments and transferring them to your bank account. It may take a few days for the money to transfer for the first time.

- Business Bank Account: it is recommended to open a separate bank account for business transactions once sales become consistent.

- Conclusion: the video provides useful information for those who are new to setting up payment providers for Shopify sales in the US.

Shopify Payments Setup: How To Add Payment Gateways In Shopify

Hey guys, it's Brennan and today we'll be covering Shopify payment setup and how to add payment gateways in Shopify.

In this article, we will guide you through the process of setting up Shopify payments and adding payment gateways to your Shopify store.

How to Enable Shopify Payments:

1. Go to the home page of your Shopify store's dashboard and select choose the way your store accepts payments.

2. Enable a payment provider for your customers to check out and for you to get paid.

3. Click on enable payment provider to activate Shopify payments.

4. If you don't see the button, go to settings and select payments to manage your payment providers.

Setting Up Shopify Payments:

1. Enter important details about your business, including your business type, employee ID, and business address.

2. Provide personal details of the owner or significant shareholder.

3. Select your product details and the industry you are in.

4. Enter your customer billing statements and a detailed statement descriptor.

5. Enter your banking information, including routing and account number.

6. Click on complete account setup.

Pay Period and Payout Timeline:

1. The pay period refers to the time between the customer placing an order and the funds being sent to your bank account.

2. The payout timeline varies depending on the country where your store is based.

3. Funds may take 24 to 72 hours to process into your bank account.

Credit Card Rates:

1. Shopify payments have credit card rates as low as 2.9% plus 30 cents per transaction with zero transaction fees.

2. The credit card rates vary depending on the Shopify plan you are on.

3. Upgrading to a higher plan can save you more money based on the percentage of sales volume your business generates through Shopify.

Third-Party Providers:

1. PayPal and Amazon Pay are popular third-party providers that you can add to your Shopify store.

2. Other third-party providers vary depending on the types of products you are selling.

Alternative Payment Methods:

1. Alternative payment methods are great for accepting payments from customers in different countries.

2. Bitpay and Alipay are examples of alternative payment methods that you can accept.

Manual Payment Methods:

1. Manual payment methods include money orders, cash on delivery, and bank deposits.

2. These payment methods require approval on the order before fulfilling.

Payment Capture:

1. Leave payment capture on automatic to avoid missing customer payments.

2. Payment is authorized and charged automatically when the customer's payment method is processed.

Setting up payment gateways in Shopify is easy and important for accepting payments from your customers. Shopify payments is a great option with low credit card rates, but adding third-party providers and alternative payment methods can benefit your business. Don't forget to keep payment capture on automatic for a smooth payment process.

How To Setup SHOPIFY Payments (Simple Method)

In this Shopify video, Dean explains how to set up Shopify payments on your dropshipping store. Having multiple payment options can increase trust and conversion rates. PayPal is a good option because it has zero transaction fees and allows for payments in foreign countries. Amazon Pay is another option, but it requires registration as a merchant and identity verification. Shopify Payments is linked to Stripe and offers support for credit and debit cards, as well as Apple Pay and Google Pay. To set up Shopify payments, you need to provide information about your business and banking information. It is important to make your website look trustworthy and offer diverse payment options to appeal to different customers.

how to change your payment method on SHOPIFY.COM?

In this video, the speaker demonstrates how to add a payment method to a Shopify account. Here are the key steps:

- The speaker introduces their Shopify account and explains that they will show viewers how to add a payment method.

Adding a Payment Method:

- Go to the Settings section in Shopify.

- Click on Payment Options.

- Choose a payment option from the list or connect your PayPal account.

- If you need to add a manual payment method for cash and delivery, go to Payment Methods and select Add Manual Payment Method.

- Add your debit or credit card information, including the card type (Visa, Mastercard, etc.).

- The speaker encourages viewers to ask any questions in the comments section and thanks them for watching.

Shopify Payments Setup: How To Create Payment Gateway (2022)

Shopify Payment Setup

In this article, we will discuss how to create a payment gateway on Shopify. We will guide you through the process step by step, so you can set up your payment method and start selling your products.


1. Create an account on Shopify.

- Go to Shopify.com and enter your working email.

- Click on Start free trial and create your store.

- Wait for Shopify to load and add the necessary information.

- Click on Enter my store to access your home page.

2. Add your first product.

- Click on Add product and choose the category of your product.

- Select the product you want to sell and add it to your import list.

- Import your products to your store and turn them to draft first.

3. Set up your payment method.

- Go to Settings and click on Payments.

- Choose your payment provider and enter your merchant code and secret key.

- Check the credit card providers you want to use and enable test mode.

- Click on Activate to finalize your payment method.

Setting up a payment gateway on Shopify is easy if you follow these steps. By doing so, you can start selling your products and receive payments securely and efficiently. If you have any questions, feel free to leave a comment below. Don't forget to subscribe and hit the notification bell for more tutorials like this.

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