Does Changing LLCs and banks trigger a ban/payment hold?

Ask Me Anything Q&A Payouts Q&A
1

Does Changing LLCs and banks trigger a ban/payment hold?

heard in the past that this does happen, especially if the new bank doesn’t have a lot of capital. I know that Shopify is less likely to ban/hold shopify payments if the connected bank has a significant amount of capital in it so curious if changing the LLC details to a new LLC and new bank will cause any complications to the existing Shopify store that has been running for 2 years with multiple 7 figures in sales history?

2

Hey,

We do place a hold on payouts (for 4 days) for highly sensitive changes like redirecting payouts to a new bank account. This is a security measure. Changing the ownership structure of the entity operating the Shopify Payments account should not interrupt your payouts.