Shopify Payments - Using a Wiretransfer account for pay out

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Shopify Partner
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Hello everyone,

I'm using the Shpify Payments as provider for payments on my store.

I have a Transferwise account and want to use it for pay outs from Shopify Payments.

Starting january 2019, Transferwise will not accept payments (wire or ACH) if the account holder name doesn't start with "Transferwise FBO", juste before the account holder name.

I don't see any place were to update this information in Shopify.

Any ideas ?

Thanks,

Jaad

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Community Moderator
Community Moderator
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Hi Jaad, 

Nick here from Shopify. 

Great question. I looked into this for you and spoke to our finance team about it to be sure. Transferwise is something which is not supported with Shopify Payments and you wouldn't be able to use it to accept payments in this instance. To work with Shopify Payments you would have to be using a full chequing account in an actual bank in your country. 

You can see the Shopify documentation on Shopify Payment requirements and what you need to set up Shopify Payments here

Hope this helps. 

All the best, Nick

Nick | Community Moderator @ Shopify
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