Transferwise and shopify payments

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Shopify Partner
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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

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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
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