Payoneer’s guide to Shopify payouts and withdrawals
Local payouts from Shopify to Payoneer
Shopify is the perfect solution for ecommerce sellers who want to take their businesses to new heights. It’s a powerful platform that offers a wide range of integrations and features, making it easy to provide seamless online shopping experiences for customers worldwide.
One of the best things about Shopify is its flexibility in getting paid. In addition, the platform offers a variety of third-party payment gateway integrations that sellers can easily plug into their stores. So, whether you’re looking to accept payments in different currencies or need a specific payment gateway that suits your business, Shopify has got you covered.
Not only that, but Shopify also offers robust tools to help sellers manage their payments efficiently. From tracking orders to generating invoices, the platform’s intuitive interface makes it easy for sellers to keep track of their payments and streamline business operations.
With Shopify, the sky’s the limit when it comes to growing your ecommerce operations. Whether you’re a small business owner just starting or an established brand looking to expand your online presence, Shopify offers all the resources you need to get up and running.
The Shopify payments gateway
Shopify’s primary payment processing platform is the proprietary Shopify Payments gateway, which offers a highly efficient way for sellers to accept payments online for their Shopify store sales. However, it’s important to note that this service may not be available in every country.
Although Shopify Payments is automatically implemented for all Shopify merchants, it may not always be the ideal solution for all online sellers. That’s why Shopify provides a variety of alternative payment gateways, ensuring that customers can shop in their preferred currency from anywhere in the world.
Some of the key features of Shopify Payments include:
- Zero transaction fees for Shopify orders
- Easily accept all leading payment methods
- No need to set. Up third-party merchant accounts or payment providers
Shopify Payments is available to sellers in a variety of countries, including Hong Kong SAR, Sweden, New Zealand, Germany, Japan, Italy, Canada, Denmark, Ireland, France, Belgium, Singapore, Australia, Austria, Finland, Spain, the United States (excluding US territories except Puerto Rico), the United Kingdom, and the Netherlands.
But here’s the thing – if you’re not operating in one of these countries, you will need a third-party payment processing service.
Shopify requires that international sellers using Shopify Payments meet certain criteria, including having a business registration, local address, and bank account in the country where they want to sell. This can be quite a challenge for many online sellers.
However, Shopify offers a range of alternative payment gateways that allow sellers to accept payments in various currencies without needing a local bank account. This simplifies the payment process and helps sellers focus on growing their businesses, regardless of location.
Payoneer makes it easy for ecommerce sellers like you to get paid from top marketplaces worldwide, so you can focus on what you do best – growing your business.
I'm ready for easy payments from Shopify
Quick steps for withdrawing funds from your Shopify store to your Payoneer account
At Payoneer, we understand the challenges international ecommerce sellers face when it comes to receiving cross-border payments. That’s why we offer a global payment solution with a virtual local bank account, providing a seamless and reliable way to receive payments worldwide.
However, while Payoneer is a great option for international sellers, we understand that Shopify doesn’t integrate with our platform in all cases. Therefore, to withdraw funds from your Shopify account to your Payoneer account, you may first need to implement a third-party payment platform that links to our Global Payment Service.
Fortunately, as Payoneer is available in almost 200 countries worldwide, there are various mutual payment gateway partners that you can use to withdraw your Shopify funds from anywhere in the world. Here are some of the top services that we recommend.
- Mobile support for iOS and Android
- Powerful reporting and analytics tools
- Third-party integrations and 24/7 support
- Payout management with unified and instant payouts
- Advanced fraud prevention and revenue optimization tools
- Diverse payment options, including cards, wallets, and bank transfers
At Payoneer, we understand the importance of providing ecommerce sellers with a payment processing platform that delivers a customized and seamless payment experience for customers. That’s why we recommend Stripe as a third-party payment processing platform that integrates seamlessly with Shopify.
With Stripe, Shopify merchants can enjoy a variety of payment options in over 100 currencies, along with access to over 300 useful integrations. This ensures merchants get paid from anywhere and provide customers a smooth checkout experience.
Moreover, Stripe makes it easy for merchants to access their funds via direct deposit into their preferred bank account, including their Payoneer receiving account or debit card. Good news – you only need a Stripe and Payoneer account to receive Shopify revenue to your Payoneer account through Stripe. Then, link Payoneer to Stripe and Stripe to Shopify – and you’re ready to go.
Stripe’s user-friendly interface and robust features make it a top choice for ecommerce sellers looking to manage their payments effectively. In addition, by using Stripe in conjunction with Payoneer’s global payment solution, ecommerce sellers can streamline the payment process and focus on growing their businesses.
- Coverage in over 200 countries & territories
- Global payment processing with a localized buying experience
- Payment options in over 45 payment methods and 130 display currencies
- Flexible payment models: Merchant of Record and Payment Service Provider
- Intelligent payment routing for the highest possible payment authorization rates
- Multi-currency management to improve customer experience and increase authorization rates
As a Payoneer user, you can leverage 2Checkout’s payment processing platform to accept payments from customers worldwide, including those buying locally or globally on Shopify. With a presence in hundreds of countries and territories, 2Checkout provides payment options with dozens of reputable payment methods and display currencies.
Plus, 2Checkout now offers full integration with your Payoneer account, enabling you to withdraw payments from Shopify to your Payoneer receiving account easily. Log in to your Shopify admin settings, select 2Checkout from the drop-down credit card gateway menu, and set up Payoneer under Payment Profiles by entering your account details.
Once you’re set up to receive Shopify funds through 2Checkout and Payoneer, you can withdraw your funds or make purchases locally, providing you with a smooth and hassle-free payment experience.
- Provides instant settlement and free payouts to external accounts.
- Modern & responsive payment portal with a customizable appearance.
- Features both global and local payment methods on one payment page.
- Supports over 200 payment methods and allows customization of payment options.
- G2A Pay offers four payout options: Bank transfer for PLN, EUR, USD, GBP; Skrill for EUR; Bitcoin for EUR to BTC; and WebMoney for EUR, USD.
- Offers a ZEN Pay feature for users with ZEN accounts to pay directly from their account with a QR code.
G2A PAY is a cross-border payment gateway that offers dedicated account managers to guide Shopify sellers through setting up and maintaining their accounts.
With support in most currencies and countries, it’s a great solution for ecommerce entrepreneurs selling in regions that Shopify Payments don’t support.
In addition, G2A PAY seamlessly integrates with Payoneer, allowing easy fund withdrawal into your account. Connect your G2A account to your Shopify admin settings for your payment options.
- Chargeback protection.
- Access and manage 40+ currencies
- Instant bank transfer with support for 3000+ banks
- Fast and easy payments with an email and password.
- Add various payment methods with a single integration.
- Access credit cards and 100+ local payment options with one integration.
Skrill Business is a versatile payment gateway that enables Shopify sellers to receive payments from all around the world and in dozens of currencies.
With Skrill, you can offer your customers a seamless checkout experience and customize it to match your branding.
Plus, Skrill’s mobile app lets you manage payments on the go. Integrating Skrill with your Shopify store is simple, and you can quickly set up a cross-border payout solution by linking your Skrill and Payoneer accounts. Enter your Payoneer global receiving account info in your Skrill account settings and transfer your Shopify funds hassle-free.
- Offers payment solutions for online and mobile.
- Helps improve authorization rates for online payments.
- Seamless integration with hundreds of business platforms.
- Offers 100+ global payment types and eWallets to convert more shoppers.
- Works with hundreds of business platforms, including shopping carts, ERP & CRM systems, and more.
- The Global Payment Orchestration Platform allows businesses to sell in 200+ regions.
- Payments are accepted in 200 regions, local card acquiring in 47 countries, and 100+ shopper currencies to increase sales.
BlueSnap is an all-in-one payment orchestration platform that makes it easy for Shopify stores to accept payments globally. With one integration, you can access everything you need to sell in over 200 regions. The modular solution allows you to customize the functionality to meet your specific business needs. From online and mobile checkout to subscriptions, virtual terminal, and invoice payments, BlueSnap provides a wide range of payment options to help increase sales and convert more shoppers.
For Shopify sellers, BlueSnap seamlessly integrates with your store to deliver a straightforward and user-friendly checkout experience for customers worldwide. An added feature is BlueSnap’s vaulted shopper functionality, which saves time for repeat customers when they return to your store.
To withdraw funds, you can link your BlueSnap account to a Payoneer Global Payments receiving account. With BlueSnap, Shopify sellers can easily transfer their Shopify revenue into their Payoneer US bank account via ACH credit payments. To set this up, sellers can log into their BlueSnap merchant console, navigate to the Payment Method section under the Settings menu, and enter the bank account details provided by Payoneer.
Once you’ve linked your Payoneer account to BlueSnap, your Shopify funds will be conveniently transferred to your Payoneer account, providing an easy and efficient way to withdraw your earnings from anywhere in the world.
- 711 million Alipay customers in China.
- Quick & easy mobile checkout functionality.
- Comprehensive portfolio of preferred payment methods.
- Flexible and scalable integration options for easy integration.
- World-class financial technology to safeguard every transaction.
- One-stop payment solution for connecting with customers worldwide.
- Cross-border and multi-currency settlement for global and efficient transactions.
- Innovative e-Wallet payment solutions for seamless payment collection and customer experience.
Alipay is one of China’s most popular mobile wallets, with over 711 million active users. You can instantly tap into this massive customer base by integrating Alipay as a payment gateway on your Shopify store. With Alipay Global, your customers will be directed to the payment page and can pay in RMB while you get paid in any supported currency.
To withdraw your Shopify revenue paid through Alipay Global, simply link your Alipay Global account to your Payoneer Global Payment Service receiving account. This way, you won’t need a local Chinese bank account to get paid. You can then withdraw funds to your local bank account, use your prepaid Payoneer debit card at any Mastercard-accepting ATM in the world, or use the balance to pay suppliers, contractors, or business partners.
Integrating Alipay into your Shopify store is a simple process that can significantly expand your customer base and increase revenue. With a one-stop payment solution, diversified payment methods, easy integration, global and efficient settlement, and payment security, Alipay Global is a reliable and efficient payment gateway for Shopify sellers.
Payoneer makes it easy for ecommerce sellers like you to get paid from top marketplaces worldwide, so you can focus on what you do best – growing your business.
I'm ready for easy payments from Shopify
As an ecommerce seller on Shopify, having access to payment partners that can transfer funds to your Global Payments receiving account is crucial. The right payment gateway can streamline your payment processes, making it easier for your customers to pay and for you to receive your funds.
An integrated online payment gateway is essential for any ecommerce website, providing customers with an intuitive and secure checkout experience. By using a trusted payment gateway, you can ensure the security of your customers financial information. Linking your payment gateway to Payoneer’s multi-currency virtual account allows you to receive funds directly into your Payoneer account through a prepaid Mastercard or e-wallet.
Linking your payment gateway to Payoneer’s Global Payment Service is easy. Enter your receiving account information into the online platform, and you’ll be able to receive payments in your preferred supported currency.
Shopify ecommerce sellers can link their payment gateway to Payoneer’s Global Payment Service to easily manage revenue. This integration allows funds to be withdrawn to a local bank account or accessed via a prepaid Payoneer Mastercard. Payments can also be made to suppliers or business partners through the Payoneer e-wallet.
Our payouts solution for Shopify sellers: countries, currencies, withdrawal options, & payment methods
The Global Payment Service supports the following regions for payments from commercial companies with local bank details:
Japan (JPY) / Transferred via Zengin Code (ZC)
United States (USD) / Transferred via ACH (Automatic Clearing House)
Canada (CAD) / Transferred via EFT (Electronic Funds Transfer)
United Kingdom: England, Northern Ireland, Scotland, and Wales (GBP) / Transferred via BACS (Bankers’ Automated Clearing System) and FPS (Faster Payment System)
Europe (EUR) / Transferred via SEPA (Single Euro Payments Area)
Australia (AUD) / Transferred via Direct Entry BECS (Bulk Electronic Clearing System)
Check back frequently as we continue adding currencies to our Global Payment Service!
Payoneer makes it easy for ecommerce sellers like you to get paid from top marketplaces worldwide, so you can focus on what you do best – growing your business.
I'm ready for easy payments from Shopify
How does receiving payments work with Global Payment Service?
- Register or Sign in to your Payoneer account.
- Select Receive from the menu and then Global Payment Service.
- Click the currency you would like to receive.
If you can’t access these currencies contact Customer Care.
- Enter the payment details displayed (each currency has unique information).
- After the payout is sent by the Payment Platform, your funds will be transferred to your Payoneer account.
- You can withdraw your earnings to your local bank account or via ATM, or use them for online and in-store purchases. It’s that easy!
Payoneer makes it easy for ecommerce sellers like you to get paid from top marketplaces worldwide, so you can focus on what you do best – growing your business.
I'm ready for easy payments from Shopify
FAQs
Does Shopify Payments payout to Payoneer accounts?
You can withdraw Shopify funds to your Payoneer receiving account through a third-party payment gateway partner, although it may not be possible to do so directly through Shopify Payments.
Does Shopify Payments operate everywhere that I have Shopify customers?
No. Shopify Payments is available to sellers in a range of countries, including the United States (excluding US territories except Puerto Rico), the United Kingdom, Canada, Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong SAR, Ireland, Italy, Japan, the Netherlands, New Zealand, Singapore, Spain, and Sweden.
This means that Shopify sellers in these countries can easily set up and manage their payment processing directly through the Shopify platform. However, in cases where Shopify Payments may not operate in certain countries, Shopify sellers can still transfer their revenue to their Payoneer Global Payments receiving account via various third-party payment gateways.
How do I set up a Payoneer account?
Sign up for Payoneer’s Global Payment Service to receive local account details. Then, link your Payoneer account to your third-party payment platform on Shopify to easily receive funds from international clients as if you have a local account.
Once my Shopify funds have been transferred to my Payoneer account, how can I withdraw funds?
After receiving payments into your Payoneer account, you can access your funds by withdrawing them to your local bank account in the local currency, paying suppliers or invoices, making free payments to other Payoneer customers globally, or using your Payoneer prepaid debit card to withdraw funds at ATMs or make purchases online and in-store.