The way you are paid out is dependent upon the payment processor(s) you use to power your order transactions. For example, if you set up your store to accept PayPal, then PayPal will pay the funds out to you. Depending on how your PayPal account is set up, it may be done via a direct deposit to your bank that you connected to your PayPal account or accumulate within your PayPal account.
Shopify Payments is Shopify's payment processor. In order to use Shopify payments, you will need to meet certain eligibility requirements which include connecting a bank account to the payment processor in order to receive payouts via direct deposit.
Let me know if that helps! And If there is anything else I can help you with, happy to help.
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