Accepting payments and understanding pay periods with Shopify Payments in Sweden

Shopify Payments is a payment solution that allows businesses based in Sweden to accept a range of payment methods, including credit and debit cards, accelerated checkouts, and local payment methods. This article outlines the process of accepting payments with Shopify Payments in Sweden.

Key benefits and features of using Shopify Payments in Sweden

Review the following key benefits and features of using Shopify Payments in Sweden:

• Automatic setup: When you create your Shopify store with Shopify Payments activated, your store is automatically set up to accept credit and debit cards such as Visa, Mastercard, American Express, and UnionPay.
• 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.

Available payment methods with Shopify Payments in Sweden

Review the following available payment methods for Shopify Payments in Sweden.

Credit and debit cards

You can accept payments with the following credit and debit cards:

• Visa
• Mastercard
• American Express
• UnionPay

Accelerated checkouts

You can offer customers the following accelerated checkout options:

• Apple Pay
• Google Pay
• Shop Pay

Local payment methods

You can accept payments using the following local payment methods:

• Bancontact
• iDEAL
• Klarna

Receiving payouts with Shopify Payments in Sweden

With Shopify Payments in Sweden, and with all subscription plans, you can receive payouts in EUR or SEK. The currency that your customers use to pay for their orders can be different from the currency of your payouts from Shopify Payments. Learn more about selling and getting paid in different currencies.

Fees for Shopify Payments in Sweden

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

The plans and pricing page is accessible only in the language and currency specific to that country. If you need to translate the plans and pricing page, then you can use a browser extension, such as the Google Chrome extension.

View payment rates in your Shopify admin

If you have Shopify Payments in Sweden set up, 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.

Steps:

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 with Shopify Payments in Sweden

Your pay period refers to the amount of time between the moment that a customer's payment is captured and when those funds are sent to your bank account. The timestamp for capturing a customer's payment is recorded in Coordinated Universal Time (UTC). Payments captured on Friday, Saturday, and Sunday are consolidated and sent as a single payment.

Note

Although the funds are sent promptly, they might not be reflected in your bank account immediately. Typically, banks require 24-72 hours to process and deposit the funds into your account.

In Sweden, the pay period is 3 business days. The minimum amount that can be paid out for Shopify Payments accounts in Sweden is €1 EUR or 20 SEK. If there's a payout for less than this amount, then the payout stays in a pending state until more funds are available to pay out.

Learn more about getting paid with Shopify Payments.

View your payouts

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

Steps:

Desktop

1. From your Shopify admin, go to Settings > Payments.

2. In the Shopify Payments section, click View payouts.

iPhone

1. From the Shopify app, tap …, and then tap Settings.
2. In the Store settings section, tap Payments.
3. In the Shopify Payments section, tap View payouts.

Android

1. From the Shopify app, tap ☰, and then tap Settings.
2. In the Store settings section, tap Payments.
3. In the Shopify Payments section, tap View payouts.