Transferwise and shopify payments

Shopify Partner
13 0 0

Hello I do have transferwise business account registered with UK company and I want to know if its possible to use it in order to receive shopify payments please? Thanks

Shopify Staff
Shopify Staff
1234 76 269

Hey, @Dropshipper44!


To receive payouts for Shopify Payments (UK), the store owner will need to connect an account that:

  • Accepts payments in GBP currency
  • Is provided by a physical bank in the United Kingdom
  • Is eligible for FPS transfers

Based on the information I can find about Transferwise, it would not be an eligible institution for receiving payments from Shopify Payments. In this case, you will want to look into a few local banks that meet the criteria above if you're hoping to use Shopify Payments within your store. 


For future reference, I would also recommend browsing our United Kingdom dedicated forum posts here. These threads would be a great way to connect with other UK based merchants, along with finding resources more geared towards your location. 


Peter | Social Care @ Shopify
 - Was my reply helpful? Click Like to let me know! 
 - Was your question answered? Mark it as an Accepted Solution

To learn more visit the Shopify Help Center or the Shopify Blog