Hi, so I want to start dropshipping but I’m confused on how I am supposed to get paid. I saw that you can enter bank account informations onto your website, and that the money made while selling should get sent to that bank account, but is it the only way to collect the money I make? I saw that there is a thing called shopify payments, but can I collect the money made with this? Can shopify payments help me collect the money if I don’t have access to a bank account? If yes, how much money at max can I stack in the shopify payment method I used (for example, paypal)? Are there fees for collecting the money this way? If I can collect the money that way, is it going to transfer it to my shopify payment method automatically, or do I have to transfer it myself? Thank you.
Hi @DrpBsns
I would like to give you some recommendations to support you.
Regarding your concern, when a customer checks out, they can choose to pay for their order using any of the methods that you’ve enabled in the Payment providers area of your Shopify admin. You can enable a variety of payment methods using Shopify.
There are a few different things to consider when you’re choosing which payment methods to offer. If you want to let your customers pay using a credit card, then you can use Shopify Payments or a third-party provider.
There are also several ways for customers to pay online without using a credit card, like PayPal, Meta Pay, Amazon Pay, and Apple Pay. You might also want to accept additional methods of payment like cryptocurrency.
If you use Shopify Payments, then you can enable Shop Pay to allow customers to save their shipping and payment information to help them check out faster. Some other payment providers, like Paypal, Amazon Pay, Apple Pay, and Google Pay, also offer accelerated checkout buttons that you can enable on your Shopify store.
I hope the above is useful to you.
Best regards,
GemPages Support Team
What I actually wanted to know is: can you receive payouts on paypal instead of on a bank account?
Hi, @DrpBsns .
Thank you for reaching out and posting this question!
Most payment gateways, such as Shopify Payments and/or third-party gateways (eg. Authorize.Net), will require you to connect a bank account in order to receive the payouts. As a result, receiving the payouts on your PayPal account likely wouldn’t be an option. If you’d like to consider using Shopify Payments for dropshipping, then I’d also recommend reviewing the Shopify Payments Terms of Service to better understand the eligibility of payment processing for the types of products you’re adding to your store. Nevertheless, if you only want to receive payouts on PayPal, then you can simply use PayPal as a standalone payment method for your store as well.
That being said, since you’re looking to start dropshipping, then I’d also encourage you to take a look at our guide, The Ultimate Guide to Dropshipping, as this can help explain how dropshipping works on Shopify and provide you with a step-by-step guide on developing your dropshipping business.
I’d love to hear more about your dropshipping business idea! What types of products are you looking to dropship? Have you sold through another ecommerce platform?