How long does a payout take to deposit in a US bank?

Pbabes
New Member
5 0 0

How long does it take a payout to deposit in your bank (USD) ?

Replies 5 (5)

Kimi
Shopify Staff
1511 169 261

Hey, @Pbabes.

 

For new Shopify Payments US users who signed up after February 15 2023, the default payout window is 5 business days. This payout window can be reduced to 2 business days, by setting up two-step authentication and connecting your bank account to Shopify via Plaid. More information on this can be found on this help guide.

 

Would this be the first time that you're receiving a payout on your store? If so, I also recommend having a read through this guide to further your understanding of Shopify Payments payouts. 

Kimi | Social Care @ Shopify 
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Pbabes
New Member
5 0 0

My payouts are set to every business day so doesnt that mean every 24hours I will receive a payment

Pbabes
New Member
5 0 0

so if my payouts are set to every business day that means I will receive the payment the next day ?

Imogen
Shopify Staff
1795 203 324

Hey there, @Pbabes. Thanks for follow up with us in this thread! I have the following information to share with you regarding your question:

 

Payouts every business day means "Shopify will send a payout of all available funds each business day". But, funds are only available after the payout delay, which is different in each region where SP is offered. For example in the US the delay is between 2 and 5 business days.

 

In other words, if you're in the U.S, money collected on from an order on Monday, that payout would be delivered to you the next available business day, which would be two days after the payment delay, so you'd receive the funds on Wednesday (if a 2 day delay) or Friday (5 day delay), for example.

 

Hopefully you find this information helpful! Do you mind if I ask why you were curious about this? Have you recently started getting a load of orders? I'd love to hear about your business!

Imogen | Social Care @ Shopify 
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Pbabes
New Member
5 0 0
What’s causing the delay?,because how can I pay for an order with a vendor if I haven’t received the payment from the customer