How Long Do Shopify Payments Take?

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Shopify is a popular ecommerce platform that offers businesses of all sizes the ability to create an online store. One of the things that makes Shopify so attractive to businesses is its payment processing. While other platforms may take a cut of your sales or have hidden fees, Shopify Payments is straightforward. You pay 2.9% + $0.30 per transaction. That’s it. But how long do Shopify payments actually take? In this blog post, we will explore the answer to that question and more. From deposit times to Shopify Payouts, we’ve got you covered.

How Shopify Payments Works?

Shopify Payments is Shopify’s in-house payment processing solution. It allows you to accept credit card payments directly on your shop, without having to go through a third-party processor.

Shopify Payments is available in the US, Canada, Australia, and New Zealand. In the US, Shopify Payments is powered by Stripe.

When you set up Shopify Payments, you’ll be asked to provide some basic information about your business, such as your business name and address. You’ll also need to enter your bank account information so that Shopify can deposit your payments into your account.

After you’ve set up Shopify Payments, you can start accepting credit card payments on your shop. When a customer makes a purchase on your shop, they’ll be prompted to enter their credit card information. Once the payment is processed, Shopify will deposit the funds into your bank account within 2-3 business days.

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What is the Processing Time for Shopify Payments?

It generally takes 2-3 business days for Shopify Payments to process a payment. This timeframe may be extended if there are issues with the payment or if it is a large transaction. If you need your funds sooner, you can always choose an alternate payment method.

When do Shopify Payments Deposits Money into my Account?

Assuming you’re referring to Shopify Payments deposits into your bank account, all Shopify payments are deposited into your bank account within 2-3 business days. This timeline is true for both Shopify Payments and any other payment gateway you might be using.

Now, if you’re wondering when exactly you’ll receive your deposit, it depends on your bank’s policies. For example, with Chase Bank, deposits are typically available by 9 PM on the day they’re scheduled. With Wells Fargo, deposits may be available as early as 8 AM the next business day. So, it really varies from bank to bank.

To find out when your particular bank will make funds available to you, we recommend contacting them directly. In the meantime, rest assured that all of your Shopify payments will be deposited into your account within 2-3 business days.

How to Withdraw Money from my Shopify Account?

Assuming you have a Shopify account and are using Shopify Payments (which is the default payment processor), there are a few ways to withdraw money from your account. The first way is to simply go to your Shopify admin and click on “Orders.” Find an order that has been paid and fulfilled, then click on the “Refund” button. This will give you the option to refund the customer in full or partial. Once you process the refund, the funds will be sent back to the original method of payment within 5-10 business days.

The second way to withdraw money from your Shopify account is to set up automatic payouts. With this feature enabled, Shopify will automatically send your earnings to your bank account every 14 days (as long as you have reached the $25 threshold). To enable automatic payouts, go to your Shopify admin and click on “Settings.” Under the “General” tab, scroll down to the “Financial Settings” section and select “Enable Automatic Payouts.”

The third way to withdraw money from your Shopify account is to do it manually. To do this, go to your Shopify admin and click on “Settings.” Under the “General” tab, scroll down to the “Financial Settings” section and select “Manual Payouts.” This will allow you to enter how much you

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Fees Associated with Shopify Payments

There is no fee to set up Shopify Payments. You only pay when you make a sale. The fees associated with Shopify Payments are:

2.9% + $0.30 USD per transaction for sales in the United States
3.0% + $0.30 CAD per transaction for sales in Canada
2.6% + €0.25 EUR per transaction for sales in Europe
1.9% + £0.20 GBP per transaction for sales in the United Kingdom
1.9% for all other countries

The fees are taken out of your total sale amount before the money is deposited into your account. For example, if you make a sale for $100 USD, the fee would be $2.90 USD and you would receive $97.10 USD in your bank account.


Overall, Shopify payments are relatively fast and efficient. In most cases, payments will go through within a few days. However, there are some factors that can influence how long it takes for a payment to go through, such as the time of day or week that you make the payment, or whether you’re using a third-party processor. If you’re ever concerned about how long your payment might take, be sure to contact Shopify customer support for more information.