Connecting your bank account to Shopify Payments in the United States
If you want to use Shopify Payments, then you must connect a bank account to receive your payouts.
Plaid is a secure service that lets you connect your bank account to Shopify Payments to receive payouts. Connecting your bank account with Plaid helps verify your banking details and allows shorter pay periods so that you can get your funds sooner.
Connect your bank account
When you activate Shopify Payments, you can connect your bank account using Plaid to have shorter payout periods. If you've already connected your bank account to your Shopify account, then refer to Verify your bank account with Plaid.
- From your Shopify admin, go to Settings > Payments.
- In the Shopify Payments section, click Activate Shopify Payments.
- In the Submit information about your business section, click Submit details.
- Select your business type and enter the required details, and then click Continue account setup.
- In the Secure your account with two-step authentication section, click Turn on two-step.
- Enter a phone number and complete setting up two-step authentication, and then click Turn on.
- In the Add your banking information section, click Add bank account.
- Click Connect a bank account via Plaid, and then click Continue.
- Select your banking institute, and then click Continue.
- Sign into your bank with your online banking credentials, and then click the bank account that you want to connect to Shopify Payments.
- Select the agree to the terms and conditions checkbox, and then click Connect account information.
Verify a connected bank account with Plaid
If you've already connected your bank account to Shopify Payments manually, and you want faster payouts, then you can verify your bank account with Plaid.
Steps:
- From your Shopify admin, go to Settings > Payments.
- In the Shopify Payments section, click Manage.
- In the Payout details section, click Change bank account.
- Click Connect a bank account via Plaid, and then click Next
- Select your banking institute, and then click Continue.
- Sign into your bank with your online banking credentials, and then click the bank account that you want to connect to Shopify Payments.
- Select the agree to the terms and conditions checkbox, and then click Connect account information.