People new to Shopify, get confused, that why their payments aren’t showing up even after the transaction. So they must be confused about how much time it takes for Shopify to pay?
It takes a minimum of 24 hours for the payments to transfer into your bank account. Shopify procedures are not so fast. It usually takes time for transactions that people have to wait for, either buyers or customers.
If you’re new to Shopify or looking to re-platform your business, this guide will help you learn more about the platform.
What is Shopify?
Shopify is an e-commerce platform that lets you start and grow your business, and manage it exquisitely. It provides you a platform that helps:
- Launch and design your e-store.
- Sell your products in multiple places, including web, mobile, social media, online marketplaces, etc.
- Manage products, inventory, payments, and shipping.
Shopify is entirely cloud-based and hosted, which means you don’t need to worry about software upgrade and maintenance. What you need is an active Internet connection that helps you run your business from anywhere in the world! The payments can be transferred through credit card, debit card, etc.
How long do the payments take to appear in the bank account?
Transaction intervals vary from country to country. Some countries transfer the payments at earliest while many countries take 2 to 3 days.
In general, it takes around 24 to 72 hours for the payments to show up in bank accounts, after the customers send them.
Pay period refers to the time interval between the day when a customer places an order on your store and the day when you receive payment in your bank account. Shopify follows the UTC time zone, as far as pay periods are concerned.
Transactions from customers made on Friday, Saturday and Sunday, are grouped and sent together as one payment on Monday or later. The length of pay periods depends on where the store is.
2 business days
3 business days
Hong Kong SAR China
4 business days