How To Change Shopify Payout Account?

How to Change Your Shopify Payout Account

Shopify is a popular e-commerce platform that makes it easy for businesses of all sizes to sell online. One of the many features that Shopify offers is the ability to set up multiple payout accounts. This can be helpful if you want to receive payments in different currencies or if you have multiple bank accounts.

Changing your Shopify payout account is a simple process that can be completed in a few minutes. In this article, we will walk you through the steps involved in changing your Shopify payout account.

What You Need to Know

Before you begin, there are a few things you need to know about changing your Shopify payout account.

• You can only have one active payout account at a time.
• You can change your payout account at any time.
• Changing your payout account will not affect any existing orders.

Step-by-Step Instructions

To change your Shopify payout account, follow these steps:

1. Log in to your Shopify account.
2. Click the Settings tab.
3. Click the Payments section.
4. Click the Payout Accounts tab.
5. Click the Edit button next to the payout account you want to change.
6. Enter the new payout account information.
7. Click the Save button.

Your Shopify payout account has been successfully changed.

What Happens Next?

Once you have changed your Shopify payout account, any future payments will be sent to the new account. You will not receive any payments that were sent to your old payout account.

If you have any questions about changing your Shopify payout account, please contact Shopify support.

Step	Action	Description
1	Go to the Settings page.	This will open the Shopify admin panel, where you can manage your store settings.
2	Click the Payments tab.	This will display a list of all of your payment methods.
3	Click the Payout Accounts link.	This will display a list of all of your payout accounts.
4	Click the Edit link next to the payout account you want to change.	This will open the edit payout account form.
5	Enter the new bank account information.	Make sure to enter the correct routing number and account number.
6	Click the Save button.	This will save your changes and update your payout account.

Shopify is a popular e-commerce platform that allows businesses to sell products online. One of the benefits of using Shopify is that it offers a variety of payment options for customers, including credit cards, debit cards, and PayPal. When you set up your Shopify store, you will need to select a payout account. This is the account that Shopify will use to deposit your sales proceeds.

By default, Shopify will use your bank account as your payout account. However, you may want to change your payout account if you have a different bank account, or if you want to use a different payment method, such as PayPal.

This guide will show you how to change your Shopify payout account. We will cover the following topics:

• What you need to change your Shopify payout account
• How to find your Shopify payout account ID
• How to change your Shopify payout account on the website
• How to change your Shopify payout account through the API

Step 1: Prerequisites

Before you can change your Shopify payout account, you will need to have the following:

• A valid Shopify store
• The email address and password associated with your Shopify account
• The Shopify payout account ID

How to find your Shopify payout account ID

Your Shopify payout account ID is a unique identifier that is used to link your Shopify store to your payout account. You can find your Shopify payout account ID by following these steps:

1. Log in to your Shopify admin dashboard.
2. Click the Settings tab.
3. Click the Payments tab.
4. Under Payouts, you will see your Shopify payout account ID.

Step 2: Changing your Shopify payout account

There are two ways to change your Shopify payout account:

• On the website
• Through the API

How to change your Shopify payout account on the website

To change your Shopify payout account on the website, follow these steps:

1. Log in to your Shopify admin dashboard.
2. Click the Settings tab.
3. Click the Payments tab.
4. Under Payouts, click the Edit button next to your current payout account.
5. Enter the details for your new payout account.
6. Click the Save button.

How to change your Shopify payout account through the API

To change your Shopify payout account through the API, you will need to use the `PUT /admin/api/2022-01/payouts/accounts/{account_id}` endpoint.

The following is an example of the request body for this endpoint:

{
“account_id”: “1234567890”,
“bank_account_details”: {
“bank_name”: “Bank of America”,
“routing_number”: “123456789”,
“account_number”: “0987654321”
}
}

For more information on how to use the Shopify API, please refer to the [Shopify API documentation](https://shopify.dev/docs/api/).

Changing your Shopify payout account is a simple process that can be done in a few minutes. By following the steps in this guide, you can easily update your payout account information and ensure that your sales proceeds are deposited into the correct account.

Step 3: Testing your new Shopify payout account

Once you have successfully changed your Shopify payout account, you should test it to make sure that it is working correctly. Here are a few things you can do:

• Check that the correct bank account information is displayed in your Shopify account settings.
• Make a small test sale and check that the funds are deposited into your new bank account.
• If you are using Shopify Payments, check that the correct credit card processing fees are being applied to your sales.

If you have any problems, you can contact Shopify support for help.

Step 4: Troubleshooting

If you have problems changing your Shopify payout account, here are a few things you can try:

• Make sure that you have entered the correct bank account information.
• Make sure that your bank account is eligible for Shopify payouts.
• If you are using Shopify Payments, make sure that your credit card processing account is active.
• If you are still having problems, you can contact Shopify support for help.

Changing your Shopify payout account is a simple process that can be completed in a few minutes. By following the steps in this guide, you can ensure that your Shopify store is set up to receive payments correctly.

How do I change my Shopify payout account?

1. **Log in to your Shopify admin.**
2. **Click **Settings** > Payments.**
3. Click Payouts.
4. Click Edit next to the payout account you want to change.
5. Enter the new bank account information.
6. Click Save.

What happens if I change my Shopify payout account?

When you change your Shopify payout account, your future payouts will be sent to the new account. Any pending payouts will be sent to your old account.

How long does it take for a payout to be processed?

Shopify payouts are processed on a weekly basis. The payout date for your store will be displayed in the Payouts section of your Shopify admin.

What if I have a problem with my Shopify payout account?

If you have a problem with your Shopify payout account, you can contact Shopify support for help.

Can I change my Shopify payout account more than once?

Yes, you can change your Shopify payout account as many times as you need to. However, you can only have one active payout account at a time.

What are the different payout options available on Shopify?

Shopify offers a variety of payout options, including:

• Bank account
• PayPal
• Stripe
• Dwolla
• Venmo

You can choose the payout option that best suits your needs.

In this comprehensive guide, we have discussed how to change your Shopify payout account. We have covered the following topics:

• The different types of payout accounts available on Shopify
• The steps involved in changing your payout account
• The things to keep in mind when changing your payout account

We hope that this guide has been helpful and that you are now able to change your Shopify payout account with ease.

Here are some key takeaways from this guide:

• The type of payout account you choose will depend on your business needs and location.
• Changing your payout account is a simple process that can be completed in a few steps.
• It is important to keep in mind the fees associated with each payout method when making your decision.

We wish you all the best with your Shopify business!