Accepting payments and understanding pay periods with Shopify Payments in Canada

This article outlines the process of accepting payments with Shopify Payments in Canada. Shopify Payments is a payment solution that allows businesses based in Canada to accept a range of payment methods, including Visa, Mastercard, American Express, Discover, and Diners Club debit cards and Diners Club credit cards. In addition, you can also offer customers Shop Pay, Apple Pay, and Google Pay payment methods.

Businesses in Canada that use the Shopify POS can also accept Interac debit cards for both contactless tap and chip plus PIN entry methods using the Tap & Chip card reader. Accepting Discover automatically allows your customers to pay with UnionPay and accepting American Express automatically allows yours customers to pay with JCB.

Businesses in Canada can also accept payments using Bancontact, and iDEAL.

Key benefits and features of using Shopify Payments in Canada

Review the following key benefits and features when using Shopify Payments in Canada:

  • Accept multiple payment methods: Shopify Payments allows you to accept major credit cards, providing a seamless checkout experience for your customers.
  • Automatic setup: When you create your Shopify store with Shopify Payments activated, you store is automatically set up to accept major payment methods such as Visa, Mastercard, American Express, and Discover. You can start accepting payments right away without any additional setup.
  • Automatic payouts: Funds from your sales are automatically deposited into your bank account on a regular basis, making it easy to manage your cash flow.
  • Flexible card rates: The card rate for your transactions is based on your store's Shopify subscription plan. You have the flexibility to change plans whenever you need, allowing you to choose the pricing structure that best suits your business.
  • Integrated with Shopify: As an integrated payment solution, Shopify Payments simplifies the management of your online store by consolidating your payment processing and order management in one platform.
  • Secure Transactions: Shopify Payments ensures the security of your customers' payment information through advanced encryption and fraud detection measures, such as 3D secure checkout.

Currency considerations

The currency that your customers use to pay for their orders can be different from the currency of your payouts from Shopify Payments. Your store currency can be different from the currency of your bank account. Learn more about selling and getting paid in different currencies.

Fees for Shopify Payments in Canada

Shopify Payments fees are location-dependent and can vary. To get the most accurate and detailed information regarding fees, visit the plans and pricing page for Canada. This page provides a breakdown of the rates and fees associated with Shopify Payments based on your selected plan.

View payment rates in your Shopify admin

If you're already a Shopify merchant, then you can access information about the specific rates and fees applicable to your store location and chosen plan. For more details about applicable fees, you can access the Shopify Payments Terms of Service from your Shopify admin.


  1. From your Shopify admin, go to Settings > Payments
  2. In the Shopify Payments section, click Manage
  3. View the rates that apply to different payment methods.

Pay periods in Canada

Your pay period refers to the amount of time between the date that a customer's payment is captured and the date that those funds are sent to your bank account. The date and time that a customer's payment is captured is recorded in UTC time. Funds from payments that are captured on Friday, Saturday, and Sunday are grouped and sent together as one payment. There is no minimum payout amount for Shopify Payments in Canada.

In Canada, the pay period for transferring funds from your Shopify Payments sales to your bank account is 3 days. The actual timing for when the funds display in your account depends on your bank's processing times. You have the option to customize this pay period to a daily, weekly, or monthly payout schedule. You can't receive payouts on weekends or public holidays.

When you switch from one payout schedule to another, any pending payouts are delayed until the next applicable payout date under your new schedule. For example, if you normally receive payments weekly on Monday and you change your payout schedule to every Friday on the preceding Thursday, then your funds won't be available until Friday of the following week. You should avoid frequent changes to your pay period to prevent delays in receiving your payouts.

Learn more about scheduling your payouts.

View your payouts

You can view your payouts in the Shopify admin and review any transfers that are pending, in transit, paid, or failed.

  1. From your Shopify admin, go to Settings > Payments.
  2. In the Shopify Payments section, click View payouts.

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